Metaverse startup Portals has raised $5 million in seed funding to build its browser-based metaverse.

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The round was led by Greylock, with participation from Multicoin Capital, Solana Ventures, Foundation Capital, Alameda Research, Sino Global Capital, Mantis VC, Wave7, Cultur3 Capital, SkyVision Capital, and MonkeVentures, along with investors like Justin Kan and Robin Chan.

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Built on the Solana blockchain, Portals focus is to make the metaverse more accessible without the need for a VR headset or gaming PC. Simply by buying one of 5000 NFTs from its marketplace, users can customize their own virtual space, such as rooms, offices, or storefronts.

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The capital raised will go towards growing the team to build out the platform, starting with Portals Downtown and the suite of tools and features for creators and builders in Portals.

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Adam Gomez, co-founder of Portals, said in a statement, “We are building an entirely new Times Square in the metaverse. When players step out of their spaces, we want every block to have hundreds of storefronts and buildings to discover and explore. We are building the metaverse in a browser-first way to make it as widely accessible as possible. With native voice chat and easy tools to customize spaces, we’re lowering the barrier to experience the metaverse.”

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Back in January, Binance.US followed Solana projects Raydium, Magic Eden, Audius, and Bonfida and bought space in Portals to give its community a place to come together.

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