Today games studio Dubit announced that it has raised $8 million in a funding round.
The developer said that the investment will go towards launching the Metaverse Gaming League,"the world's first live esports league in the metaverse"
The professional gaming association is currently in beta on the Roblox platform.
The company aims to expand the league to Minecraft and Core in the future.
The funding round was led by Metaventures and investor Jean-Charles Capelli.
"The investment will also allow us to create massively interactive live events in music and fashion that brands can partner with," said Dubit co-founder Matthew Warneford.
"It's an exciting time for Dubit, putting all of our experience and expertise to work in the metaverse."