Beem Pioneers Metaverse Funding Shift with $BEEM Token Launch on Solana Blockchain
February 21, 2025
Beem plans to integrate blockchain features into its products, including decentralized identity solutions and on-chain computing power, furthering its vision of a decentralized communication ecosystem.
The company's strategy emphasizes long-term growth and decentralization, with the goal of creating a fully decentralized communication ecosystem that prioritizes user ownership and privacy.
The $BEEM token is designed not only to provide fast liquidity but also to engage a community of users who will actively participate in the platform's growth.
Beem has previously raised over $6 million in venture capital over the past six years to develop its patented holographic communication technology but has opted to move away from VC funding due to a shift in investor focus towards AI.
The $BEEM token, already available on major Solana exchanges, stands out as a tech-backed utility token, generating significant trading volume and providing an accessible investment opportunity for those interested in the Metaverse.
This innovative approach could indicate a broader change in funding models for deep-tech startups, as more companies may start to view blockchain as a viable alternative to conventional venture financing.
On February 20, 2025, Beem introduced the $BEEM utility token to enhance liquidity and ensure financial stability.
Beem has made a groundbreaking shift from traditional venture capital funding to a crypto-based model by launching its $BEEM utility token on the Solana blockchain, marking it as the first venture-backed Metaverse startup to do so.
CEO Janosch Amstutz highlighted that the traditional venture finance model has not evolved quickly enough to keep pace with rapid technological advancements, particularly in the Metaverse.
This transition to a crypto model is a strategic move towards decentralization, providing advantages such as rapid liquidity and attracting a tech-savvy investor base.
Holders of the $BEEM token will be both investors and users of Beem's platform, aligning their interests with the adoption of the product.
The decline in venture funding for Metaverse projects, driven by a shift in investor interest towards AI technologies, has prompted Beem to explore alternative funding methods.
Summary based on 5 sources
Get a daily email with more Crypto stories
Sources

markets.businessinsider.com • Feb 21, 2025
Beem Becomes the First Venture-Backed Metaverse Startup to Choose Crypto Over VC for Growth
GlobeNewswire • Feb 21, 2025
Beem Becomes the First Venture-Backed Metaverse Startup to Choose Crypto Over VC for Growth
Morningstar, Inc. • Feb 21, 2025
Beem Becomes the First Venture-Backed Metaverse Startup to Choose Crypto Over VC for Growth