News - ӣƵ/news/Tue, 26 May 2026 08:43:12 +0000en-GBSite-Server v@build.version@ (http://www.squarespace.com)ӣƵ invests $2M in Otomato to scale the first portfolio-aware intelligence layer for DeFiIrina ScarlatTue, 26 May 2026 08:43:12 +0000/news/improbable-invests-2m-in-otomato-to-scale-the-first-portfolio-aware-intelligence-layer-for-defi68c28aec0d988e3fd3798bae:68c28aef0d988e3fd3798e66:6a155ced19da0313f556f482Funding will accelerate product development, multi-chain coverage, and user growth as Otomato scales beyond its organic userbase of 2,000+ users.

London, 26 May 2026. Venture builder ӣƵ has invested $2 million in , the portfolio-aware DeFi intelligence layer that monitors users' on-chain positions 24/7 and alerts them when something materially changes their risk, cost, or opportunity. This is one of the first external investments under ӣƵ's sharpened focus on companies building at the intersection of AI and web3, following the successful launch of the Somnia Layer 1 blockchain.

Active DeFi users today manage positions across multiple protocols and chains, constantly switching between dashboards, missing critical events such as liquidations, rate spikes, and depegs, and drowning in noise from generic alert tools. Otomato solves that problem. Its customers provide their wallet addresses and Otomato automatically detects every on-chain position - lending, tokens, NFTs, prediction markets - monitors them in real time across Ethereum, Arbitrum, Base, and HyperEVM, and surfaces only the alerts that actually matter.

Traction that speaks for itself

The product has grown entirely on organic traction. Launched initially as a Telegram bot, Otomato has attracted more than 2,000 users, with 1,500+ actively receiving alerts, and integrating 10+ protocols including AAVE, Pendle, Uniswap, Morpho, Euler, and Hyperliquid. 

In December 2025, the team's HyperEVM Wrapped campaign for the HyperEVM ecosystem drew 3,690 unique users in five days, converted 81.6% of them into Telegram bot users, and was shared 971 times on X, all with zero paid promotion. Otomato's consumer app launched on the and in April 2026.

“The opportunity Otomato is pursuing is enormous. DeFi is becoming the back-end of a larger AI-powered economy, and the first team to build the intelligence layer that understands what users actually hold and tells them what matters has the potential to win an entire category. Otomato gives customers agency and full control of their positions, something that they were lacking before. What convinced us to back Clement, Dylan, and the team was their drive. They shipped a product users genuinely love, grew it virally with no paid spend, and they are moving faster than almost any team I have seen at this stage. That is exactly the kind of founder we set out to build with.”, said Herman Narula, Co-Founder & CEO of ӣƵ.

What the investment unlocks

The funding will be deployed into product development, expanded multi-chain and multi-vertical coverage, and go-to-market. It will also unlock deeper collaboration and full operational support offered by ӣƵ, which spans go-to-market, shared technical infrastructure, AI development, finance, HR, legal, and compliance, alongside direct advisory from the ӣƵ executive team. Otomato retains full IP ownership and autonomy over its roadmap.

“We chose ӣƵ because they are builders that bring more than a passive check. From day one we have had hands-on support on go-to-market, product, and scaling decisions from an executive team that has done this before. That is what moves a company like ours from 2,000 users to millions, and it is what made the decision easy. We look forward to building together as we scale Otomato”, said Clement Hecquet, CEO & Co-Founder, Otomato.

The investment shows ӣƵ's commitment to back and build companies that leverage emerging technologies to solve real problems for their customers. ӣƵ has delivered total exits of more than $179 million to date, and in September 2025 saw the Somnia Foundation launch its Layer 1 blockchain, built on ӣƵ-developed technology, which has since reached a peak valuation of $1.9 billion. Otomato is one of the first external ventures backed under this model.

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ӣƵ invests $2M in Otomato to scale the first portfolio-aware intelligence layer for DeFi
Venture Builder ӣƵ deepens focus on AI & web3, appoints former Revolut & Bitpanda executive as Chief Marketing OfficerpressEmma HandleyThu, 12 Feb 2026 16:10:13 +0000/news/improbable-deepens-focus-on-ai-web3-appoints-former-revolut-bitpanda-executive-as-chief-marketing-officer68c28aec0d988e3fd3798bae:68c28aef0d988e3fd3798e66:698b5865d9ed3858ad0b37ef

London, 12 February 2026. Venture builder ӣƵ is sharpening its focus on building and backing companies at the intersection of AI and web3. Following the Somnia Foundation’s successful launch of a Layer 1 blockchain based on ӣƵ-developed technology, the company is preparing to announce the first ventures built on the hyper performance platform. To support this next phase of growth, ӣƵ has appointed Irina Scarlat, executive with a proven track record of scaling tech products, as Chief Marketing Officer.

Building technology that ships and businesses that scale

ӣƵ has spent over a decade building complex technologies and bringing them to market. The company has deployed its technologies across dozens of commercial applications in gaming, defence, and virtual worlds, and has successfully grown multiple ventures, from ideation to exit, delivering total exits of more than $179 million to date. The company now operates under a venture builder model, building ventures internally and investing in founders who want to build with experienced operators. 

From infrastructure to execution: Somnia and the future

Somnia, which launched its mainnet in September 2025, is one of the first ventures to demonstrate the power of the venture building model. Built with AI-native architecture, built-in reactivity, and hyper-performance at scale, Somnia is a Layer 1 chain designed to enable builders to create real-time, autonomous, and fully decentralised applications that were previously impossible to build. Developed by the Somnia Foundation, the blockchain is the prerequisite for an AI powered economy and has already reached a peak valuation of $1.9 billion. It will form the basis of ӣƵ’s next wave of ventures, with announcements expected in the coming months.

A venture builder, not a passive fund

The venture builder model differs from traditional venture capital by letting founders focus on building, while providing the infrastructure and expertise to accelerate growth. This extends beyond capital to finance, HR, legal, compliance, and access to a centralised tech stack, AI development, platforms, and direct advisory from an executive team that has built leading products before. Founders in the ӣƵ ecosystem maintain full IP ownership and autonomy over their ventures. The venture building model is a natural progression from inventing deep technology to building a path to commercialise that capability at scale.

Strengthening go-to-market leadership across the portfolio

With the appointment of Irina Scarlat, ӣƵ is strengthening its go-to-market capabilities. Scarlat joins ӣƵ as Chief Marketing Officer, after having built growth and marketing functions for high-growth companies such as Uber, Revolut, or Bitpanda. At ӣƵ, she will build a go-to-market function and partner with the portfolio companies from inception to scale, helping founders define product narratives, design their go-to-market strategies, as well as find and further optimize their growth models.

Herman Narula, CEO & Co-Founder, ӣƵ, said: “I am excited to appoint Irina as Chief Marketing Officer at a pivotal moment for ӣƵ. As we prepare to launch the first ventures built on Somnia, Irina’s expertise in building and scaling complex tech products will be instrumental in helping our founders tell their stories and scale their businesses”.

Irina Scarlat, CMO, ӣƵ, said: “I am delighted to be joining ӣƵ and to work closely with the founders across the portfolio. I chose ӣƵ because of their strong track record of building, as well as their focus on technologies that are hard, ambitious, but definitely worth doing. I am looking forward to partnering with our portfolio companies as we build the emerging technologies of tomorrow, today!”

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Venture Builder ӣƵ deepens focus on AI & web3, appoints former Revolut & Bitpanda executive as Chief Marketing Officer
ӣƵ sells Imporium to its long-standing partner, Yuga Labs.pressEmma HandleyFri, 26 Dec 2025 17:01:00 +0000/news/improbable-sells-imporium68c28aec0d988e3fd3798bae:68c28aef0d988e3fd3798e66:694bc5273393e95835936f26

ӣƵ today announces the sale of its Imporium Unreal creative studio and Unreal Creator Platform to Yuga Labs. Imporium is an ӣƵ venture which is a core contributor to the development of the Otherside ӣƵ for Yuga Labs and the Unreal Creator Platform is a toolset built on top of ӣƵ’s core ӣƵ technology specifically focused on Unreal projects like Otherside.  

This exit marks a further milestone for ӣƵ as a venture builder, proving its track record to incubate preeminent tech teams and scale them into high-value businesses. Yuga Labs will also acquire an ongoing license to ӣƵ’s ӣƵ technology in support of the Otherside ӣƵ, while continuing to use the open standards and interoperability framework of ӣƵ’s MSquared ӣƵ network for the Otherside ӣƵ.

The deal shifts Imporium’s development team directly to Yuga Labs. As the studio behind world-class digital experiences for global brands and sports leagues, Imporium has been the engine driving Otherside’s Unreal experiences.

ӣƵ’s ongoing ӣƵ efforts will be focusing on web technologies, such as the Somnia blockchain and web-based worlds enabled by MSquared including open source technologies. ӣƵ will also be making targeted investments in AI creator tooling and the infrastructure for decentralised AI agents with applications in the ӣƵ and beyond. 

Herman Narula, CEO & Founder of ӣƵ: “We are thrilled that the success of the team working on Otherside has led to Yuga seeking to acquire Imporium. This is a wonderful exit for the Imporium team and a great way to continue our partnership with Yuga Labs.”


Robert Whitehead, ӣƵ cofounder & CEO of MSquared: “This move represents a doubling down for us on the core technologies that we believe will shape the future of the next generation of virtual worlds: blockchain, decentralised AI systems and web-based rendering.”

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ӣƵ sells Imporium to its long-standing partner, Yuga Labs.
BACKED | Otomato, the gateway to intuitive, real time automation in DeFipressEmma HandleyThu, 27 Nov 2025 11:12:00 +0000/news/backed-by-improbable/backed-otomato-the-gateway-to-intuitive-real-time-automation-in-defi68c28aec0d988e3fd3798bae:68c28aef0d988e3fd3798e66:6928321e01e988024abcaab8

Welcome back to BACKED | by ӣƵ — our look inside the venture builder, the companies we’re supporting, and why they matter.

This time, we’re spotlighting Otomato: a venture rethinking what automation in ӣƵ should feel like. Powered by Otomato OS, the DeFi Assistant offers a more coherent way to navigate DeFi — a shift from juggling dashboards to simply knowing what needs attention. For Co-Founder Dylan Breugne, the mission is simple: turn complex workflows into something anyone can act on with confidence.

It’s an approach that feels overdue. ӣƵ is full of potential but messy in practice, leaving users to juggle dashboards, notifications and the constant risk of missing something important. It’s the kind of systems-level thinking that fits naturally inside the venture builder, and the sort of infrastructure that matters far more than the noise around it.

Across the ecosystem, it’s also been a significant month. MSquared unveiled Mash live at Web Summit, with Rob Whitehead giving the first public look at a platform designed to make the immersive internet more interoperable and commercially usable.

More broadly, the past few weeks have been dominated by industry hot-takes on the state of innovation. We won’t add to that discourse here, except to say that across ӣƵ, the work continues in the opposite tone: focused, R&D-led, and building steadily toward milestones you’ll hear more about soon.

For now, this edition dives into Otomato’s vision, Mash’s debut, and the teams shaping a more durable, more ambitious kind of technology.

To read the full piece and subscribe, visit .

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BACKED | Otomato, the gateway to intuitive, real time automation in DeFi
ӣƵ provides update on its venture builder model; blockchain powered by ӣƵ-developed technology hits $1bn valuation milestonepressEmma HandleyMon, 03 Nov 2025 14:10:00 +0000/news/improbable-provides-update-on-its-venture-builder-model68c28aec0d988e3fd3798bae:68c28aef0d988e3fd3798e66:6908b7bf4a40e0408612902b

ӣƵ today submitted its filing to Companies House, giving an update on its full year 2024 results. The results demonstrate that the first financial year of its venture builder model – focused on the ӣƵ, web3 and AI – is providing the foundation needed to drive the growth of the new economy.

Key milestones reached 

  • ӣƵ now has 12 pioneering ventures in its portfolio – including MSquared, Jitter and fan3 – across the ӣƵ, web3 and AI ecosystems. 

  • Somnia, a leading high-performance blockchain utilising ӣƵ-developed technology launched in September 2025. Since launch, it has become a breakout success and reached a Fully Diluted Valuation (FDV) of over $1 billion, with 379,000 connected wallets and 1 billion transactions* to date.  

Strong momentum as a venture builder

  • ӣƵ pivoted to the venture builder model in September 2023, applying its success and previous experience in other sectors to unlock more opportunities in the ӣƵ, web3 and AI.  

  • ӣƵ ended 2024 with a strong cash position of £162.8 million, which will enable the company to continue growing its current ventures and pursue further investments. Revenues for FY24 were £10 million, which consolidated into the group accounts.

2025 and beyond 

  • ӣƵ’s venture builder model will drive growth of the emerging technologies of tomorrow in the UK and Europe in particular. This approach addresses the shortcomings of the current funding landscape in these geographies, which often neglects this high capital sector and leads companies to overinvest. ӣƵ’s strategy provides the necessary capital and core infrastructure for ventures to operate with, which in turn helps drive down costs and prioritises efficiency.

  • ӣƵ actively developed and scaled its model in 2025 and is on track to invest $17 million in 10+ ventures. Looking ahead, ӣƵ expects to launch multiple ventures every year.

Herman Narula, CEO & Co-Founder, ӣƵ said: ӣƵ’s goal has always been to shape the future, and with our new venture builder model we’re doing just that. Through our incepted businesses and by backing the companies developing emerging technologies of tomorrow, we are building the infrastructure needed to drive a new economy. The $1 billion valuation of the Somnia token – built on our technology that will lay the foundation for this new economy – demonstrates not only the power and success of our venture builder model but also shows what investment can do for the blockchain ecosystem.”

Peter Lipka, Chief Operating Officer, ӣƵ said: “We have a clear strategy to become the most attractive partner for exciting new companies, entrepreneurs and investors in the ӣƵ, web3 and AI sectors. Our venture builder model means we can uniquely provide the most exciting UK and European companies with the tools needed to be successful to deliver the ecosystems of the future. We are already seeing the benefits of our strategy, with 12 ventures in our portfolio currently, and our strong cash position enables us to pursue further innovative ventures.” 

*As of 27th October, 2025
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ӣƵ provides update on its venture builder model; blockchain powered by ӣƵ-developed technology hits $1bn valuation milestone
BACKED | Chamber: Redefining virtual events for a new generation of digital communitiespressEmma HandleyThu, 30 Oct 2025 15:37:58 +0000/news/backed-chamber-redefining-virtual-events-for-a-new-generation-of-digital-communities68c28aec0d988e3fd3798bae:68c28aef0d988e3fd3798e66:690386569eb22f6e718b5f41

From corporate gatherings to fan experiences, Chamber brings together 3D, AI, and social design to make online interactions feel as spontaneous and connected as the real world.

Welcome to our October edition of BACKED | by ӣƵ.

This month we’re highlighting , a next-gen platform bringing together the simplicity of Zoom-style live conferences with the dynamism needed for today’s attention economy. Chamber allows businesses and creators to host immersive, interactive experiences at scale, all directly in the browser and without downloads or heavy hardware. Built on MSquared, it opens the door to richer participation, stronger community connections, and new monetisation opportunities, all at a fraction of the usual cost.

Elsewhere in the ecosystem, we’re highlighting MSquared’s new Global Partner Programme, Somnia’s post-mainnet momentum, and updates from portfolio ventures as they participate in a busy season of industry events.

To read the full piece and subscribe, visit .

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BACKED | Chamber: Redefining virtual events for a new generation of digital communities
BACKED | Imporium, the studio reimagining live fan experiences for a digital-first worldpressEmma HandleyThu, 02 Oct 2025 15:10:00 +0000/news/backed-imporium-the-studio-reimagining-live-fan-experiences-for-a-digital-first-world68c28aec0d988e3fd3798bae:68c28aef0d988e3fd3798e66:68f4ff673ebaf64414cd2205

BACKED | Imporium, the studio reimagining live fan experiences for a digital-first world

From Major League Baseball to K-pop icons, Imporium is scaling interactive, live entertainment that turns fleeting moments into lasting communities.

Welcome to our September edition of BACKED | by ӣƵ.

This month we are spotlighting Imporium, the studio reimagining live fan experiences for a digital-first world. From Major League Baseball to K-pop phenomenon Twice, its partners span sports, music, and ӣƵ, all looking to reach fans beyond borders and transform loyalty into lasting community.

Where many talk about “virtual concerts” or “digital fandom,” Imporium is building live, shared, interactive moments that scale globally without losing the intimacy of a stadium, arena, or stage. As fan expectations shift, so too does the opportunity for brands and rights-holders to build meaningful, owned relationships with their audiences.

The opportunity is huge: Imporium’s research finds virtual events could drive $5.6 billion in revenue, with audiences ready to pay for experiences that truly connect.

To read the full piece and subscribe, visit .

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BACKED | Imporium, the studio reimagining live fan experiences for a digital-first world
BACKED | Somnia, the Layer 1 for real-time, on-chain experiencespressEmma HandleyTue, 09 Sep 2025 20:56:00 +0000/news/backed-somnia-the-layer-1-for-real-time-on-chain-experiences68c28aec0d988e3fd3798bae:68c28aef0d988e3fd3798e66:68c28aef0d988e3fd3798e6c

With 10B+ testnet transactions already processed, Somnia is now building the infrastructure and community for the immersive internet.

Welcome to edition three of BACKED | by ӣƵ.

Looking back at August, our spotlight was on Somnia, a high-performance layer-one blockchain built for real-time, high-volume activity. As engagement shifts and growth slows across the global games industry, many ӣƵ platforms struggle to meet the speed and scale demands of modern applications. Consumer expectations are evolving toward richer, more interactive experiences, but the infrastructure for large-scale virtual worlds and open digital economies remains a bottleneck.

Somnia’s approach provides core infrastructure capable of supporting millions of concurrent users, complex in-world economies, and a new generation of microgames designed for more accessible engagement.

Featuring Somnia is about more than technical milestones, it’s about what this capability makes possible: worlds that feel alive because apps can respond instantly to on-chain events, and economies that grow because they can sustain real usage at speed.

This edition’s updates share a common thread: those building the foundations others will build on. We also spotlight momentum from the ecosystem, including Kallikor’s Gartner® recognition, MSquared’s first public experience built with the Otherside Development Kit, and Somnia’s launch of an incubator.

To read the full piece and subscribe, visit .

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BACKED | Somnia, the Layer 1 for real-time, on-chain experiences
ӣƵ-developed Somnia launches mainnet after record-breaking testnet performancepressEmma HandleyTue, 02 Sep 2025 15:15:00 +0000/news/improbable-developed-somnia-launches-mainnet-after-record-breaking-testnet-performance68c28aec0d988e3fd3798bae:68c28aef0d988e3fd3798e66:68f5008b0a800149eaf5cacc
  • Somnia launch ground breaking technology built by ӣƵ: the first chain designed for large-scale virtual worlds and open digital economies

  • During its 6-month testnet phase, Somnia reached over two billion transactions, over 110 million uni[que wallets, onboarded 60 validators, and over 70 ecosystem partners

London, UK, September 2, 2025 – , a high-performance layer-one blockchain, today announced the launch of its mainnet. Built by ӣƵ under contract for the Somnia Foundation, Somnia is engineered to support mass consumer applications such as gaming, social platforms and decentralised finance.

Already live, Somnia is powering more than 70 projects, used by over 110 million wallet addresses, onboarded 60 validators and has processed over two billion transactions in its testnet phase — one of the highest figures achieved by any blockchain before mainnet launch.

Other milestones include a record-breaking 80 million transactions processed in a single day, the most in EVM history, and more than 250 million transactions in just five days from Chunked gameplay alone.

Herman Narula, Founder and CEO of ӣƵ said: Somnia’s mainnet launch is an inflection point for real-world use cases of blockchains. It’s the most advanced layer-one in the world, able to handle thousands of times the throughput of ethereum or solana and is the first blockchain built for the scale, speed and responsiveness needed to power real-time virtual experiences. This represents the culmination of years of R&D in distributed systems. This marks the foundation of an open digital asset economy, where billions of people can interact, transact and exchange value across immersive experiences.”

Paul Thomas, Founder of Somnia said: “Somnia isn’t just fast, it’s the first chain built to handle the scale and complexity of next-generation consumer applications. With mainnet live, we’re proud to be supporting an ecosystem of brands, creators and fans. We’re now on a path to driving more transactions by facilitating more unique experiences that drive a thriving cross-world economy no other blockchain is powering. The ӣƵ team has been instrumental, bringing the technical depth and unique expertise required to develop infrastructure capable of powering this technology at scale.”

Core technical capabilities of the Somnia mainnet

  • Transaction throughput of 1M+ TPS, with sub-second end-to-end latency

  • Ultra low-cost, at sub-cent fees

  • 70+ active projects at launch, including Variance, Maelstrom, ForU AI, Quills and Sparkball

  • EVM compatible, and built to support MSquared’s open standards for avatars and assets, enabling cross-world portability and identity persistence

  • Integrations with OpenSea, Layer Zero, Sequence, Ankr, DIA, Thirdweb, and many others.

    During its testnet phase, Somnia established key partnerships with Google Cloud, BitGo and Fireblocks to strengthen scalability, security and developer capabilities for launch.

Developer ecosystem growth & next phase

Somnia launched a $10 million grant program to onboard developers to its ecosystem, alongside the Dream Catalyst accelerator, specifically for games and game developers, providing funding, infra tooling, go-to-market support and community building. It also committed to hosting several online mini-hackathons over the next year and launching Dreamthon, a developer accelerator focused on DeFi, AI, InfoFi and SocialFi.

With its strong partner network and developer pipeline in place, Somnia is now scaling adoption and enabling the first wave of fully on-chain applications. It is onboarding partners across gaming, entertainment and finance, expanding its developer grant program and preparing new integrations to drive continued ecosystem growth.

A key step in a shared vision for open digital economies

Somnia is fully owned and operated by the Somnia Foundation, which stewards the blockchain as open, public infrastructure for developers, platforms, and ecosystem projects. ӣƵ contributed its technical expertise in building the platform, drawing from a decade of expertise building distributed systems and achieving scale at unprecedented levels.

Somnia plays a foundational role in enabling an open and interconnected digital ecosystem, offering the identity and economic infrastructure needed to support high-scale, persistent virtual economies.

Somnia is part of a wider ecosystem that includes over $270 million in committed investment from ӣƵ, MSquared, and the Foundation, each playing a role in advancing open, immersive digital experiences.

Peter Lipka, COO of ӣƵ said: “With over 70 projects already live and more major milestones in sight, Somnia shows what’s possible when deep technical investment meets a clear focus on usability. It’s a strong example of what our development team is here to deliver.”

David Toh, Managing Partner at Mirana Ventures said: “The Somnia blockchain represents a step change in next generation digital infrastructure, offering one of the most innovative and credible paths to scale we’ve seen with the performance needed for mainstream adoption. Built by ӣƵ’s proven team, it’s well placed to shape the next era of digital economies.”

Media contacts - press@improbable.io

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ӣƵ-developed Somnia launches mainnet after record-breaking testnet performance
BACKED | Jitter’s Vision for Interactive StreamingpressEmma HandleyTue, 29 Jul 2025 15:25:00 +0000/news/backed-by-improbable-jitters-vision-for-interactive-streaming68c28aec0d988e3fd3798bae:68c28aef0d988e3fd3798e66:68f503003b9d7d1d339dee0d

How one creator is rewriting the rules of livestreaming by making the audience part of the game.

Welcome back to Edition Two of BACKED | by ӣƵ. Each month, we spotlight one of the ventures we’ve backed, and why it matters.

This time, it’s : a startup building the future of streaming, not as entertainment to consume, but as a world you can play inside. In a moment where creator platforms are burning out their talent, hitting revenue plateaus and stagnating in format, Jitter is doing something rare. It’s giving the audience control, and giving creators a better shot at sustainability.

Founder Luke Taylor didn’t approach this as an outsider with a new business model. He’s a creator himself, shaped by Twitch’s limitations and inspired by what streaming could be. His solution isn’t a plugin or a patch, it’s a new layer of interactivity built on multiplayer infrastructure. And that’s exactly the kind of system change our venture builder exists to support.

Featuring Jitter this month feels especially timely. Twitch recently introduced new restrictions on multistreaming (limiting how creators can engage with their audiences) while platforms across the board are tightening control over content and monetisation. At the same time, audiences are looking for deeper, more participatory formats. As the entertainment industry reckons with stagnating formats and strained creator-platform dynamics, Jitter offers something new: a creator-first evolution of streaming that lets audiences shape the stream, bringing user-generated content into the heart of the experience.

Elsewhere in the ecosystem, we’re seeing major momentum — from Kallikor’s partnership with Morrisons to pilot a live digital twin of their national supply chain, to Somnia’s collaboration with Google Cloud, bringing AI-powered NPCs and Google’s leading security expertise to ӣƵ infrastructure. Imporium exits stealth to build immersive virtual shows that blend gaming, music and culture, while MSquared takes a key step toward commercial scale with the appointment of its VP of Commercial.

To read the full piece and subscribe, visit .

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BACKED | Jitter’s Vision for Interactive Streaming
BACKED is ӣƵ’s insider newsletter spotlighting the ventures, technology, and teams building the future of virtual worlds.pressEmma HandleyWed, 25 Jun 2025 15:35:00 +0000/news/backed-by-improbable68c28aec0d988e3fd3798bae:68c28aef0d988e3fd3798e66:68f5055b8ac3de145df82f68

BACKED | Kallikor: Simulating the Future of Supply Chains

A new approach to solving complex logistics.

Welcome to the first edition of BACKED | by ӣƵ.

This is where we share progress of the ventures we support, one at a time.

These are startups building the foundations of tomorrow’s internet, tackling hard problems across AI transformation, the ӣƵ and ӣƵ. Whether it's rethinking global supply chains or reshaping identity in virtual worlds, ӣƵ ventures are solving diverse, high impact challenges with outcomes that are already being felt in the real world.

This edition focuses on infrastructure, the foundational systems and technologies within the venture builder enabling new ways to simulate, transact and interact online.

It features Kallikor, a startup using AI-native simulation to help businesses design and test supply chains for speed, resilience, and cost. We also spotlight major momentum across the ecosystem, from Somnia crossing one billion transactions on its high-performance blockchain, to Jitter, a venture making livestreams interactive, not just something to watch.

Infrastructure is not just a technical layer, it is a leverage point that determines how entire industries evolve. It sets the stage for new behaviours, new markets and new systems, and the ventures in this edition are beginning to show what the future of their industries might look like.

To read the full piece and subscribe, visit .

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BACKED is ӣƵ’s insider newsletter spotlighting the ventures, technology, and teams building the future of virtual worlds.
ӣƵ Strengthens Investment in Somnia Ecosystem Following Record-Breaking Devnet PerformancepressEmma HandleyTue, 18 Feb 2025 16:40:00 +0000/news/improbable-investment-somnia-ecosystem-record-breaking-devnet68c28aec0d988e3fd3798bae:68c28aef0d988e3fd3798e66:68f506533fb6c01cc02a4089

Record-breaking Devnet performance for the Somnia blockchain:

  • Over 1 million transactions per second, powered by advanced features and ӣƵ’s expertise in distributed systems

  • Cumulated investment amount to $270m in support of the Somnia ecosystem

Testnet launch on February 20, 2025

London, February 18 2025
– ӣƵ is making a significant investment in the Somnia ecosystem, reinforcing its commitment to the future of blockchain scalability and ӣƵ innovation. This comes on the heels of Somnia’s groundbreaking Devnet benchmarking tests, which demonstrated unprecedented performance capabilities. Somnia’s Devnet, tested in November 2024, showcased exceptional transaction processing capabilities, achieving across 100 nodes in multiple regions:

  • 1.05 million transactions per second (tps) for ERC-20 token transfers.

  • 300,000 NFT mints per second with an average block time of 100 milliseconds. 

  • 50,000 Uniswap trades per second, leveraging 100,000 accounts to simulate real-world
    usage.

Following this milestone, Somnia’s Testnet is set to launch on February 20, marking the next step in its roadmap toward full-scale adoption.

“The future of digital economies depends on infrastructure that can handle real-world scale—far beyond what most blockchains today can achieve. We've spent over a decade solving complex distributed systems challenges, and that expertise is what gives the Somnia blockchain its spark.This is a gigachain we’re building, for speed, efficiency, and real utility, and we’re fully committed to supporting the ecosystem that will bring it to life.” - Herman Narula, CEO of ӣƵ.

"The performance of the Devnet gives us great confidence in what’s ahead for Somnia. We’re refining our grant program and have several partnerships in the works to further strengthen the ecosystem. We’re especially grateful to ӣƵ for its unwavering support—both in building the Somnia blockchain and in fostering the broader Somnia ecosystem." - Paul Thomas, Founder of the Virtual Society Foundation.

"Our venture builder model focuses on investing in frontier ecosystems, with ӣƵ as a key pillar in shaping the future digital economy. We are actively co-building and supporting new businesses, and with Somnia approaching Mainnet, we’re ready to push even further. In the coming months, we’ll be announcing new investments that will strengthen the broader M² and Somnia ecosystem, driving innovation and long-term growth." - Peter Lipka, COO of ӣƵ.

Joining forces, the Virtual Society Foundation (the mother company of Somnia), M²- which raised $150 million in 2022 from investors including Andreessen Horowitz, SoftBank Vision Fund 2, Mirana, DCG, CMT Digital, SIG, and Ethereal Ventures - and ӣƵ, with its total venture builder allocation of $120m, are fueling the rapid growth of the Somnia ecosystem. Their combined investment will drive innovation and expand adoption for the Somnia ecosystem.

"We’ve long believed in ӣƵ’s vision to build the infrastructure needed to scale the next wave of global digital experiences. Somnia lays this foundation by being fast, scalable, and designed for real-world adoption. We’re excited to see and support the next wave of applications being built in the Somnia ecosystem." - Min Teo, Managing Partner, Ethereal Ventures.

"At Zinal, we back transformative technologies that push the boundaries of what’s possible. The performance of the Somnia Devnet is a clear signal that scalable, high-performance blockchains are no longer theoretical—they’re here. We’re excited to support an ecosystem that is laying the foundation for the next generation of digital economies."- A representative for Zinal Growth, the global investment firm founded by Guillaume Pousaz.

With these advancements and strategic investments, Somnia is poised to redefine blockchain scalability, making high-speed, low-cost, and mass-adoption-ready decentralized ecosystems a reality.

Media contacts - press@improbable.io

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ӣƵ Strengthens Investment in Somnia Ecosystem Following Record-Breaking Devnet Performance
ӣƵ Leverages Improved Financial Profile to Drive Innovation in AI, the Metaverse, and ӣƵ Through Venture BuildingpressEmma HandleyWed, 22 Jan 2025 16:54:00 +0000/news/improbable-leverages-ai-web3-venture-building68c28aec0d988e3fd3798bae:68c28aef0d988e3fd3798e66:68f509c79b8cbd259dbf6a0a

Predictions for 2025 Signal a Breakthrough Year for Virtual Economies, Interoperable Identities, and AI-Powered Gaming

London, 21 January 2025 – ӣƵ, a venture builder dedicated to growing businesses across AI, the ӣƵ, and ӣƵ ecosystems, has capped off a transformative 2024 with the announcement of the profitability threshold achieved in the previous financial year, a change in business model, and significant progress across interconnected ecosystems. Central to its success is the company’s venture-building model, which has proven instrumental in creating businesses and technologies that shape the future of virtual worlds and digital economies.

Venture Building: Driving Innovation Across Ecosystems and Building the Open Metaverse

ӣƵ’s venture-building strategy has been key to addressing challenges and unlocking opportunities across frontier ecosystems. In 2024, the company launched several new ventures, including:

  • Kallikor, an AI-powered platform accelerating the adoption of robotics in supply chains.

  • Jitter, transforming Twitch streams into interactive multiplayer games. 

  • Chamber, a next-gen platform blending the accessibility of Zoom with the immersive feel of real-world
    conferences, enabling businesses to host cost-effective virtual events at scale.

In 2024, MSquared, a venture of ӣƵ, set up theVirtual Society Foundation as an independent entity to promote openness and equity in the ӣƵ. The VSF’s flagship project, Somnia, is a foundational step toward a decentralized ӣƵ, designed to unify gaming, NFTs, and social platforms under a creator-driven, interoperable digital economy.

“Somnia is a critical step in facilitating a decentralized ӣƵ where individuals and ventures can collaborate, share value, and contribute to a thriving virtual society ” - Herman Narula, CEO of ӣƵ.

Technological Advancements and Interoperable Experiences

ӣƵ’s tech expertise continues to drive advancements that redefine virtual worlds and digital economies:

Interoperability Breakthroughs: The MLB virtual ballpark games powered by MSquared showcased new features like voice parties and virtual shops. The season finale achieved a landmark in ӣƵ interoperability with seamless integration of Bored Apes into the ballpark environment.

The Somnia Blockchain: Built for the ӣƵ and gaming applications, Somnia is a Layer 1 EVM-compatible blockchain delivering unprecedented transaction speeds of up to 500,000 per second. This scalability supports complex, interconnected virtual worlds while significantly reducing transaction costs, making it ideal for consumer applications. Leveraging MSquared and ӣƵ’s technological expertise, Somnia integrates advanced protocols to facilitate interoperability between virtual environments, ensuring seamless asset and identity transfers across ecosystems.

Pioneering Experiences Across Sports, Music, and Gaming

ӣƵ delivered groundbreaking virtual experiences in 2024, connecting global audiences with their passions and showcasing the potential of immersive technologies:

MLB Virtual Ballpark: September’s MLB season redefined fan engagement with immersive features like voice parties, virtual shops, and interoperable avatars.

Twice KosmoPop Concert: The K-pop phenomenon Twice took center stage in KosmoPop’s virtual environment, blending music and fandom in a transformative ӣƵ experience.

Classical Meets Virtual: A ӣƵ-based concert with the BBC Philharmonic Orchestra brought classical music into the digital age, featuring the first motion-captured conductor.

The Otherside Metaverse: A continued partnership with Yuga Labs supporting their vision for The Otherside and introduced tools like the Otherside Development Kit for external creators, expanding opportunities for user-driven innovation.

Looking Ahead to 2025: Predictions for Digital Economies and Beyond

As ӣƵ enters 2025, the company remains focused on empowering creators, advancing technology, and fostering interconnected ecosystems across AI, the ӣƵ, and ӣƵ. The company will also continue supporting the Virtual Society Foundation and Somnia for them to play pivotal roles in building a decentralized, equitable, and vibrant virtual society.

AI in Virtual Worlds: Transformative Yet Nascent

2025 will showcase AI's growing role in virtual worlds, with jaw-dropping demos like text-to-3D generation. Yet, these advancements will be hampered by the lack of high-quality datasets and the significant computational power they demand. AI agents powered by large language models will appear more frequently in games, but not yet in AAA projects. However, the disruption is coming: Asia is set to lead with multi-million-dollar budget games leveraging AI, transforming content workflows and inspiring a new wave of game development.

AI-Developed Games Will Redefine Gaming

2025 could mark the arrival of a transformative AI-developed game that becomes an industry touchstone. Expect to see the first examples of games integrating AI not just into gameplay but as the foundation of development itself. These titles will revolutionize workflows and inspire the next generation of game creators.

ӣƵ Gains Ground with Programmatic Economies

The gaming industry will explore ӣƵ beyond NFTs, tapping into blockchain’s potential for robust in-game economies. Titles like Off the Grid have already shown how blockchain-backed economies can integrate seamlessly into games without feeling "scammy". This trend signals a growing sophistication in how ӣƵ is applied to gaming, sidestepping early criticisms.

Interoperable Identities: The Key to a Connected Metaverse

The quest for a universal digital identity will take center stage. Much like signing in with Google, users should be able to bring their profile pictures, 3D avatars, and other elements of their digital identity across platforms. Expect to see Bluesky-like initiatives and the beginnings of standardized protocols to make interoperable identities a reality.

Blockchain Beyond Economy: A Tool for Simulation

Blockchain is set to demonstrate its value not only as a mechanism for economic opportunities but also as a powerful simulation tool for expansive, moddable worlds. Games like EVE Online hint at this potential, showcasing how autonomous worlds and player-driven mods can push the boundaries of game development. Additionally, high-performance blockchain systems designed for gaming and the Metaverse, such as Somnia, capable of achieving transaction rates of over 400,000 per second, will further enable these expansive worlds and their interconnected economies.

“At ӣƵ, we’re rethinking our innovation approach by investing into early-stage ventures.Our goal is to empower talented teams to operate independently while leveraging our deep expertise in AI, ӣƵ, and the ӣƵ. This approach enables us to build scalable,high-impact ventures that drive meaningful change while maintaining financial sustainability" - Herman Narula, CEO of ӣƵ.

Media contacts - press@improbable.io

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ӣƵ Leverages Improved Financial Profile to Drive Innovation in AI, the Metaverse, and ӣƵ Through Venture Building
ӣƵ’s MSquared venture powers groundbreaking BBC Philharmonic virtual concertpressEmma HandleyWed, 18 Dec 2024 17:00:00 +0000/news/improbables-msquared-venture-powers-groundbreaking-bbc-philharmonic-virtual-concert68c28aec0d988e3fd3798bae:68c28aef0d988e3fd3798e66:68f50b3250c62b54f614b958

On 23 November 2024, a groundbreaking classical concert simultaneously took place in the real world and the ӣƵ. It was orchestrated by the BBC’s research and development teams and powered by our venture ’s platform as part of the consortium, which is designed to trial live performances in virtual worlds.

The concert celebrated iconic soundtracks from beloved video game series like God of War, Baldur’s Gate and Fortnite. While those physically present at The BBC Philharmonic Orchestra’s Manchester studio or listening on BBC Radio 3 enjoyed a traditional concert experience, remote fans in the ӣƵ were immersed in an interactive, unforgettable spectacle.

Attendees were first welcomed into a museum-like space where they explored virtual instruments and listened to soundbites from orchestra members discussing their favourite games. Once the concert began, they were free to watch from a widescreen orchestra viewing area, explore rooms adorned with multiple screens, fly around game-like spaces collecting items, or witness the first ever motion-captured conductor in the ӣƵ – a key element that drew trailblazing to the event.

This unique experiment was made viable by MSquared’s MILEs (Massive Interactive Live Events) technology, which offers an affordable, scalable, customisable platform for creating virtual events. While The BBC primarily acted as a self-service customer, MSquared remained on-hand throughout to provide insights and design assistance.

The results speak for themselves. Most attendees stayed for the entire duration and there was plenty of chat, with fans raving about the “brilliant experience” and “fun, different way to enjoy a concert”. The virtual world appealed to multiple age groups, with one participant saying “two generations in my family joined and both loved it” and another saying “the kids enjoyed it with me and stayed engaged the whole time”.

Online reviews were equally enthusiastic. Ben Breen of A Young(ish) Perspective (reviewing culture for 18–40s) as a “wonderful, cutting-edge celebration of video games and their music”, highlighting its “surprisingly sociable feel”. And Paul Thomason of Quays Life it was “an ambitious and innovative classical musical event catering for three separate audiences simultaneously”.

Tommy Wilkinson, account manager at MSquared said “working with the BBC was a real treat” and believed the concert had “opened up new avenues for how to run live ӣƵ events”. MSquared CEO Rob Whitehead added: “This collaboration with the BBC shows how virtual worlds can bring new life to fan culture. By combining modern technology, broadcast media and live classical music, we’re pushing the boundaries of what’s possible in entertainment and showing how technology can enhance creative expression in unprecedented ways.”

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ӣƵ’s MSquared venture powers groundbreaking BBC Philharmonic virtual concert
ӣƵ to Develop the Fastest Blockchain For Mass Consumer Applications For SomniapressEmma HandleyThu, 24 Oct 2024 16:06:00 +0000/news/improbable-to-develop-the-fastest-blockchain-for-mass-consumer-applications-for-somnia68c28aec0d988e3fd3798bae:68c28aef0d988e3fd3798e66:68f50c8e224815684a9bfbf2

Leveraging the decade of expertise in distributed systems of ӣƵ, Somnia will set a new benchmark, processing over 400,000 transactions per second to power scalable, mass consumer applications

Highlights

  • Unmatched Speed and Scalability: The Somnia blockchain will process over 400,000 transactions per second (TPS) with sub-second latency and low fees.

  • EVM Compatibility: Seamlessly integrating with Ethereum Virtual Machine (EVM), leveraging the strengths of the existing ecosystem.

  • Breakthrough Technology: Featuring ICEdb for ultra-fast read/write times and advanced compression algorithms that transfer data 10-20x more efficiently than other blockchains.

Herman Narula, Founder and Chief Executive Officer of ӣƵ declared: “By applying our knowledge from gaming and distributed systems, we’ve cracked the scalability problem that has long hindered blockchain technology. Somnia will transform how digital experiences are built and shared, empowering developers to build a more open and equitable digital assets economy.”

Paul Thomas, founder of The Virtual Society Foundation:Somnia's unprecedented blockchain capabilities are paving the way for real-time, mass-consumer applications. From fully on-chain games and social networks to immersive virtual worlds and user-friendly DeFi, we're enabling use cases that were once unimaginable. ”

Peter Lipka, co-founder and Chief Operating Officer of ӣƵ, added: “Our venture builder model is designed to support ambitious infrastructure projects like Somnia by offering world-class engineering talent, breakthrough technology and resources.”

Today, ӣƵ announces the development of the Somnia blockchain, a high-performance layer-one blockchain, designed to support mass consumer applications such as gaming, social platforms, and decentralised finance.

Somnia integrates seamlessly with Ethereum Virtual Machine (EVM) compatibility, enabling developers to easily build decentralised applications while benefitting from superior performance. Key technological innovations, including a custom-built EVM compiler, the ICEdb database for ultra-low latency operations, and novel compression algorithms, allow Somnia to transfer data up to 20 times more efficiently than competing blockchains.

By aligning with EVM standards, Somnia enables developers to easily transition their skills and existing dApps to its high-performance blockchain. Developers benefit from the extensive tooling already built for the EVM, enhancing the development experience. Additionally, the vast array of assets and applications already deployed on EVM-based chains can be efficiently bridged to Somnia, creating a powerful, interconnected ecosystem for growth and innovation.

The Somnia blockchain will enter its DevNet phase in the coming weeks, allowing developers to test the system’s unparalleled speed and scalability. This will provide an early opportunity to explore its capabilities for various use cases, from decentralised finance (DeFi) to immersive gaming experiences.

Earlier this year, The Virtual Society Foundation* secured initial funding from M², the network of interoperable ӣƵs, marking a pivotal milestone in its development. M², which raised $150 million in 2022 from leading investors such as Andreessen Horowitz, SoftBank Vision Fund 2, and a group of ӣƵ and crypto backers including Mirana, DCG, CMT, SIG, and Ethereal Ventures, is playing a key role in Somnia’s evolution. ӣƵ will continue to support Somnia as it grows into a fully operational, high-performance blockchain ecosystem.

Media contacts - press@improbable.io

* The Virtual Society Foundation is an independent organisation that is behind Somnia dedicated to shaping the future of mass-consumer applications. Founded with the vision of creating a unified and open virtual society, VSF is committed to developing the standards, protocols, and infrastructure necessary to enable seamless interoperability across various virtual worlds.

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ӣƵ to Develop the Fastest Blockchain For Mass Consumer Applications For Somnia
Redefining the Digital Assets Economy: ӣƵ's MSquared Solves InteroperabilitypressEmma HandleyThu, 26 Sep 2024 16:11:00 +0000/news/redefining-the-digital-assets-economy-improbables-msquared-solves-interoperability68c28aec0d988e3fd3798bae:68c28aef0d988e3fd3798e66:68f50dcf55733b173f72d5c3

The venture builder drives value and innovation in the ӣƵ. With its premier ӣƵ infrastructure venture, MSquared, ӣƵ yesterday turned the vision of a connected digital world into a tangible reality, demonstrating how economic potential can be unlocked with empowered businesses in a decentralised environment.

Herman Narula, CEO of ӣƵ, declared: “Interoperability is the cornerstone of the ӣƵ economy. By enabling seamless interaction between platforms, weʼre not just expanding technological capabilities; weʼre redefining how businesses, creators, and users engage across digital worlds. This shift is creating unprecedented opportunities for value creation and shared IP in a secure, decentralised framework.ˮ

A Technological and Economic Breakthrough

ӣƵʼs MSquared addresses some of the most complex challenges of the ӣƵ with a systematic approach to interoperability and digital rights management. Its advanced tech stack, including the innovative Metaverse Markup Language (MML), enables the integration of diverse digital assets across multiple environments. This allows businesses to develop and share IP assets while maintaining complete control and security, ensuring that brand and intellectual property remain protected.

“MSquared technology is a game changer for businesses of all types, whether traditional or web3,ˮ
said Rob Whitehead, Chief Product Officer of ӣƵ. “The recent demonstration with a Bored Ape avatar appearing in MLBʼs Virtual Ballpark is just one example of how our technologies manage complex assets across environments—from ownership verification to permission handling with ease. By providing a secure and scalable framework, MSquared enables any business, regardless of industry, to unlock the full potential of the ӣƵ.ˮ

Building Value Through Strategic Partnerships

ӣƵʼs network of partners reads like a whoʼs who of industry pioneers. By collaborating with leading innovators in sports, music, and gaming, it is creating a thriving ecosystem that offers limitless opportunities for founders and entrepreneurs to build, scale, and monetise their digital ventures. The success of these partnerships is a testament to ӣƵʼs commitment to building a sustainable ӣƵ economy where value can be created, shared, and protected.

The Future of Digital Economies

As the ӣƵ continues to evolve, the infrastructure, standards, and features built and made available throughout the ӣƵ portfolio play a critical role in shaping the digital economies of tomorrow. “This is just the beginning,ˮ said Peter Lipka, Chief Operating Officer. “The ventures we are supporting today are laying the groundwork for the digital economies of the future. By fostering innovation and collaboration, we are ensuring that businesses, creators, and entrepreneurs have the tools they need to thrive in the ӣƵ.ˮ

Media contacts - press@improbable.io

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Redefining the Digital Assets Economy: ӣƵ's MSquared Solves Interoperability
ӣƵ and Major League Baseball continue their partnership to host baseball games in the virtual ballpark every Wednesday in SeptemberpressEmma HandleyTue, 03 Sep 2024 16:16:00 +0000/news/improbable-and-major-league-baseball-continue-their-partnership-to-host-baseball-games-in-the-virtual-ballpark-every-wednesday-in-september68c28aec0d988e3fd3798bae:68c28aef0d988e3fd3798e66:68f50ee74d5b8772a55a3940

The season’s first watch party is on September 4th, when the Tampa Bay Rays host the Minnesota Twins, available for free on mlb.com/virtual-ballpark with any internet-connected device.

  • Significant development in the partnership between Major League Baseball (MLB) and ӣƵ, with MLB’s core digital products and a virtual shop now integrated into the virtual ballpark for these regular games.

  • Launched in 2023 during the MLB All-Star Celebrity Softball Game presented by Corona, the virtual ballpark’s game lineup and select regular season match-ups now include new features:

    • Streaming and Gameday 3D - A 3D representation of the game, powered by MLB’s Gameday 3D product, synced with the live game broadcast for a smooth streaming experience.

    • Voice parties - Fans can interact in real-time using chat and spatial audio features. This year, fans can create small group parties to invite friends and chat in real time.

    • Virtual shop - actions within the virtual ballpark earn users points that can be redeemed for speciality jerseys at the digital merch store.

Upcoming games

  • Wednesday, September 4th , 6:50 p.m. (ET) – Twins @ Rays

  • Wednesday, September 11th , 7:45 p.m. (ET) – Reds @ Cardinals

  • Wednesday, September 18th , 6:35 p.m. (ET) – Giants @ Orioles

  • Wednesday, September 25th , 6:40 p.m. (ET) – Rays @ Tigers

Herman Narula, CEO of ӣƵ, declared: “This new season of the partnership between MLB and ӣƵ demonstrates the role that virtual and immersive environments will play in the evolution of sports rights: they revolutionise the fan experience in a world where less than 1% of a team’s fans have the opportunity to attend a live match in the stadium. Our worlds offer a different, more social, immersive, gamified, and interactive experience. With ӣƵ and sports prioritising community and engagement, fans can now participate directly in their favourite sports by owning digital assets representing moments, memorabilia, or even team stakes. This deepens the connection between leagues and their audiences by offering transparency, security, and new ways to engage, also allowing leagues and clubs to reach a different, younger audience that wants to follow their sport in a new way.

Media contacts - press@improbable.io

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ӣƵ and Major League Baseball continue their partnership to host baseball games in the virtual ballpark every Wednesday in September
ӣƵ achieves profitability in 2023 and launches its Venture Builder model with a strong capital position to pursue new investmentspressEmma HandleyWed, 24 Jul 2024 16:20:00 +0000/news/improbable-achieves-profitability-in-2023-and-launches-its-venture-builder-model-with-a-strong-capital-position-to-pursue-new-investments68c28aec0d988e3fd3798bae:68c28aef0d988e3fd3798e66:68f50fbc096c337b553a0634

Profitability achieved in 2023

  • ӣƵ submitted its filing to Companies House today. In 2023 the company achieved profitability, validating its technology and business.

  • Excluding one-time items, revenue increased by 37%, to a total of £66 million.

  • ӣƵ achieved profitability for the first time, recording £11 million in profit.

  • The company ended 2023 with a strong cash position of £185 million, driven by successful exits of its initial ventures.

  • The strategic focus on the ӣƵ early 2022 resulted in rightsizing of the company, generating increasing revenue and optimising operations.

Technological edge and market position

  • A decade of investment and experience in high-performance distributed systems has positioned ӣƵ at the forefront of addressing scale in traditional cloud computing.

  • Additionally, having deployed its technologies throughout dozens of commercial applications, ӣƵ is leveraging this experience towards the development of emerging technologies for the ӣƵ, blockchain and AI.

  • The MSquared Platform now has many external content developers in early access mode and tens of ӣƵ projects are being regularly tested with consumers.

Successful shift to Venture Building in 2023

  • ӣƵ announced its transition to a venture builder model in Q3 2023, and triggered its first important exit with the sale of its games services business, MPG, at the end of the year.

  • The approach focuses on building ventures in cutting-edge sectors like AI, blockchain, and the ӣƵ, investing in both Infrastructure Ventures that serve as platforms for businesses and B2B or Consumer Application Ventures.

Support for ventures for a fast start

The company will deploy capital along with a broad set of support services, supporting founders with fundraising, strategic advice and simplified operations.

A hands-on approach for 2024–2025

  • ӣƵ aims to launch multiple start-ups annually, creating commercially successful businesses, and participating into a high value portfolio.

  • The company maintains equity in a valuable portfolio, contributing ideas and resources, and offering more operational involvement than typical funds or investors.

Herman Narula, Founder and Chief Executive Officer of ӣƵ declared: “A decade ago, we embarked on the challenging yet immensely rewarding journey of focusing on distributed systems for virtual worlds. Over this period, we have honed our expertise in bringing complex technology products to market, seeded and grown businesses, and developed proprietary technology with significant barriers to entry.

Two years ago, we doubled down on our commitment to the ӣƵ. In 2023, we recorded revenues of £66 million and achieved a total profit of £11 million, driven by growth, cost discipline, and divestment of high-value assets. We’ve uniquely demonstrated the ability to pursue distinct, real businesses simultaneously. Venture building has proven to be the optimal model for both ӣƵ and the ӣƵ, as experimenting with various use cases is key to achieving adoption.

Through strategic investments in both large partnerships and start-ups, we continue to advance the case for the ӣƵ. Our ambition is to shape the future, and our experience provides us with unique insights to do so. I extend my heartfelt thanks to our leadership team, especially our CFO, Dan Odell, for their unwavering dedication in propelling ӣƵ to its current place of strength.”

Dan Odell, Chief Financial Officer: “Entering 2024, we have significantly improved our cost structure, and can count on a strong capital position further supported by the successful exits of our first ventures. ӣƵ has laid the foundation for executing on its Venture Builder strategy. The portfolio of ventures as we enter 2024 is exciting and I trust in the future success of the business.”

Peter Lipka, Chief Operating Officer: “We believe that there are significant unaddressed opportunities in the AI, web3 and ӣƵ sectors. We aim to identify founders that we can help accelerate by unlocking the capital they need, and providing a foundation for them to operate on. Our goal is for our venture builder model to be the best place to start a business in these sectors.”

Rob Whitehead, Chief Product Officer: “We are proud to continue hosting the highest density virtual events in the world. After primarily using this technology internally, we are thrilled to start opening our platform to external developers later this year, starting with Yuga Lab's Otherside Developer Kit (ODK). Our next steps involve enhancing this toolset, further developing interoperability on our network, advancing blockchain technology for ӣƵ applications, and exploring the transformative impact of Generative AI.”

Media contacts press@improbable.io

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ӣƵ achieves profitability in 2023 and launches its Venture Builder model with a strong capital position to pursue new investments
ӣƵ in 2024: Amplifying the venture building model and making the ӣƵ realpressEmma HandleyMon, 01 Jul 2024 16:27:00 +0000/news/improbable-in-2024-amplifying-the-venture-building-model-laying-the-groundwork-for-roll-your-own-ӣƵ-and-making-the-ӣƵ-happen68c28aec0d988e3fd3798bae:68c28aef0d988e3fd3798e66:68f5115ffa959a41630ffae9

In 2024, we’re laser-focused on making the ӣƵ real. Our venture building model is supercharging amazing founders in the ӣƵ, AI and web3. We give them a head start with pioneering tech, strategic advice and hands-on support, so they can bring their ideas to life.

During the first half of the year, we saw some incredible results: a wave of mind-blowing ӣƵ experiences connecting people worldwide with their passions. This showcases the power of the venture building model to simultaneously grow diverse businesses and captivate specific audiences.

Also leveraging the amazing work of and , these ventures are primed to be part of an accessible ӣƵ of interoperable virtual worlds, opening up yet more possibilities for ventures and individuals to collaborate, share value, and lay the foundations for a thriving virtual society.

Here are some of the highlights:

January

We threw open the virtual doors to our internal ӣƵ town hall. This experiment helped us explore tech designed to serve as a platform for businesses, and gave eager attendees a peek behind the scenes of ӣƵ. And in the consumer space, ӣƵ Labs unleashed , a massive-multiplayer experience that showed how the ӣƵ can shake up how streamers interact with fans, changing the rules as people play.

February

We launched How To Metaverse with CPO Rob Whitehead, an educational series for devs that happens inside the ӣƵ, and that digs deep into interoperability and AI. Live versions at conferences such as NFT Paris and SEG3 mixed things up with unique presentations that simultaneously occurred in virtual worlds and the real one.

Venture building is great for trying out new ӣƵ use cases for distinct audiences. This month saw KosmoPop’s launch party for Twice that took K-pop fandom to . Edison’s slam-dunk combined sports and gaming in a chaotic court packed with hoops, obstacles and players competing for epic prizes. And from ӣƵ Labs tested a new streamer format – a tense elimination battle, with players cocooned in floating bubbles.

We’re also passionate to ignite conversations about the ӣƵ’s possibilities. So this month, our CEO Herman Narula gave a keynote at on building digital communities and experiences, and The Metaverse Society (supported by ӣƵ and MSquared) released a meta-trends report on , supported by live events in and .

March

We initiated Virtual Society Foundation, an independent organisation dedicated to making the ӣƵ open and fair for everyone. Seeding and growing businesses is core to the venture building model, and so we were thrilled to see the  venture announcing it  $4m of seed funding to revolutionise sports fan engagement by giving players and fans new ways to connect. Edison, meanwhile, engaged its own fans by having them round-up NPCs, which were duly beamed up to sketchy UFOs in the fun and frantic !

April

, the first project from Virtual Society Foundation, was announced, leveraging tech from MSquared and ӣƵ. This Layer 1 EVM blockchain and set of interoperability protocols aims to unify ӣƵs, gaming, NFTs and social platforms. The ultimate goal: a scalable, unified on-chain virtual society for millions, with a decentralised economy that rewards creators and promotes community-driven governance, rather than value and control being owned by a single company.

May

and hosted a , where it was revealed that the pioneering ӣƵ would be built on , and new creator tools would enable people to collaborate and build on the platform. We got to further nurture our own creator community too, by launching the Content Creator Collective.

incorporated eye-popping visuals from immersive digital art platform LVCIDIA into a week-long zero-g time trial competition that hinted at Edison’s always-on future. And combined a virtual listening party with fundraising for Doctors Without Borders.

June

Another busy month for The Metaverse Society. – supported by a and a – explored the opportunities AI presents for content creation and the ӣƵ, in allowing projects to scale and reduce friction, lowering barriers to entry, and accelerating and augmenting – rather than replacing – human creativity.

Signing off H1, Edison brought back its signature basketball chaos with , a week-long ‘basketbrawl’ free-for-all in the heart of Edison City.

Want to stay in the loop? Follow us on and

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ӣƵ in 2024: Amplifying the venture building model and making the ӣƵ real
Edison: the story so far – shaking up gaming with Massively Multiplayer EventspressEmma HandleyMon, 24 Jun 2024 16:35:00 +0000/news/edison-the-story-so-far-shaking-up-gaming-with-massively-multiplayer-events68c28aec0d988e3fd3798bae:68c28aef0d988e3fd3798e66:68f513657b2fc7667da6dc0f

Edison Massively Multiplayer Games (MMEs) aren’t your typical games. They bring hundreds of players together for epic, fast-paced, experimental experiences, where the crowd itself becomes a driving force.

They are a wild mix of game, live stream and internet culture, fuelled by the energy of top web creators and personalities. Edison MMEs not only enrich communities but also serve as launchpads for live, playable content and NFT collections.

More engaging than a Twitch stream and more social than traditional games, Edison events grab the attention and provide a concentrated, playable blast of gameplay like nothing else.

Ready to see what the buzz is about? Check out these MMEs that have dropped so far:

Forgotten Runes – Night Run (Halloween 2023)

Everyone got spooky in this fantasy realm crawling with monstrous mazes and deadly traps. 500 players battled their way to a photo finish at the coveted Golden Pumpkin, with epic hosts adding to the chaos.

Jump (November 2023)

This wild mix of endless runner and gameshow had nearly 100 adrenaline-fuelled players leaping for cash prizes. Hosts threw banter as the track evolved (sometimes dropping contestants into the void). And our in-world currency, collectable ‘Eddies’, made its debut.

Snowcrush (December 2023)

The most chill Edison event had everyone flex creative muscle in a social blocky gingerbread housebuilding showdown. Our GenAI tech powered the wintry wonderland, and vending machines loaded with special blocks gave Eddies real purpose for the first time.

Hotshots (February 2024)

A slam dunk in the ӣƵ, this multiplayer basketball brawl took the game to a whole new level – or should we say levels? 140 players across two teams battled it out on a bizarre court loaded with hoops, obstacles and jump pads, rallied by cheering hosts and the chance to win insane loot.

NPC Snatchers (March 2024)

In the brand-new Edison City, players herded NPCs to UFOs for a spot of abduction. Vending machines dispensed swag, and the host’s stories of sketchy aliens added mystery. Tight time limits and the ability to steal NPCs from rivals cranked up the mayhem to eleven.

Space Race (June 2024)

Surrounded by gorgeous digital art courtesy of LVCIDIA, players had a week to top the leaderboards across a series of 3D platforming and zero-g time trials. Our most visually stunning experience to date – and a big step on the road to always-on Edison games.

As you can see, every Edison MME is unique, with its own distinct vibe. And each one only took weeks to build – not the years traditional games tend to require. This lets us move fast, break the mould and experiment like crazy to find what really works.

So get ready for a whole lot more over the coming months, including fresh new formats and returning fan favourites. Don’t miss out: follow, join the, and keep your eyes peeled on the. It’s gonna be lit!

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Edison: the story so far – shaking up gaming with Massively Multiplayer Events