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Jay-Z's VC Firm Makes Investment to Help Create the Metaverse

Marcy Venture Partners (MVP), the venture capital firm co-founded by Shawn "JAY-Z" Carter, Roc Nation vice-chairman Jay Brown and longtime venture capitalist Larry Marcus is investing in spatial LABS (sLABS), a tech incubator with a focus on the metaverse and blockchain-based products. Founded by Iddris Sandu — a 24-year-old technologist and entrepreneur who has worked with Uber, Instagram, Beyoncé's Ivy Park, and Kanye West's Yeezy brand — sLABS will launch its first product next year called LNQ, a blockchain-enabled hardware platform to provide young creators with better tools to utilize the metaverse as it becomes a reality.

#STW Songs That Work sees that they could be building a platform where artist can do virtual concerts, sell virtual merch and real estate etc like some of these other platforms, like Roblox etc. Virtual universes are finding a way to create value and profit out of seemingly thin air.


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