Emerging NFT space Deca builds art-focused metaverse

Driven by Deca’s “pursuit of beauty,” the Decaverse will feature interconnected NFT galleries and support up-and-coming artists.

Generative art space Deca, which in recent months gained traction among NFT collectors and artists, announced its imminent transformation into Decaverse, a decentralized art-focused metaverse.

Its membership token, Octagon, is already available for minting at no cost besides gas fees. The token is structured into six levels that unlock additional utilities, which holders can claim by engaging with the network.

The first of these, Deca revealed some hours later, is entry to a real-world event which will take place in New York on June 22.

Deca, which was founded by NFT collector Bonafidehan, paired the annoucement with a bold metaverse manifesto, claiming that the metaverse already exists as a collection of “digital objects,” namely NFTs, in a “shared, permissionless reality.” Deca’s project, the manifesto goes on to say, aims to create an infrastructure for “experiencing” those objects, leveraging a trend that emerged among NFT collectors to display their pieces in curated online galleries.

Separately, Deca announced it was working on a multichain aggregate of NFT marketplaces. For now, the space supports Ethereum and Tezos.

The project attracted a number of prominent NFT collectors, including 6529, creator of the Open Metaverse, as well as Cozomo de’ Medici, Zeneca, and VincentVanDough. Artists Tyler Hobbs, Justinaversano, and Thomas Lin Pedersen are also on board. Deca confirmed it has raised $6.2 million in a round to finance the project, led by Offline Ventures. The Decaverse investors include Betaworks, Flamingo DAO, and Collab+Currency.