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Southeastern Europe is becoming a hotbed of metaverse gaming

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Metaverse is seen by many as the next logical step in everything online – from web pages to apps and everything that connects them – and gaming is no different.

A working version of the concept is still years away, but many believe in the technology. So much so that some companies have already secured billions in funding for their Metaverse gaming plans.

One of those companies is Epic Games, which has secured a cool billion dollars to accelerate its Metaverse plans.

Games like Axis Infinity have already captured the attention of gamers worldwide, and many want a piece of that metaverse pie. Hundreds – if not thousands – of companies working on technologies and applications will make this a reality

And it’s not just big tech companies like Facebook, Google, Amazon, Microsoft and Apple. Startups are also working.

Southeastern Europe: Europe’s Silicon Valley

Although startups worldwide are working on Metaverse gaming projects, there is a certain concentration of them in Southeastern Europe.

This part of the world has been called the “Silicon Valley of Europe” for its booming tech scene.

So far, startups in that region have raised more than $500 million in funding in just a few years. Startups from Romania, Bulgaria, Serbia and Croatia are attracting the attention of global venture capitalists.

And with thousands of startups in the past decade, the trend will only accelerate.

Some of the main reasons for this are:

  • High computer literacy in the region
  • Fast internet speed which is common there
  • A large number of people are employed in the industry

Now, let’s take a look at some of the startups in Southeast Europe that are working on the Metaverse gaming project:

This Romanian startup is leading the expansion of Web 3.0 in Eastern Europe. Founded less than a year ago, the company is working on its first game, “Crow’s Nest,” an NFT fantasy RPG where players take on the role of a daring pirate captain.

Greek 3D Creative Studio is designing digital wardrobes for influencers. So far, they have mainly designed fashion clothes for 3D avatars owned by influencers. But with the rise of social gaming platforms like VRChat, they will likely start helping people customize their characters.

Finally, a Sofia-based tech development company is working on creating real-life gamification experiences. Last June, they announced that they were working on a major Metaverse NFT project; However, there are no details about this yet at the time of writing.

Closing Thoughts

The Metaverse is coming and will be bigger than anything we’ve seen. And Southeast Europe is leading the way in making this a reality. So, if you’re a gamer, keep an eye on this region – some of the most innovative and exciting projects are happening here.

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