An up-and-coming startup led by a pair of Miami University students is set to participate in a fellowship program hosted by a Silicon Valley venture capital firm.
Bloxsmith, a web 3.0 company that serves as a marketplace for developers in the metaverse, will join Soma Capital Partners' six-week fellowship program, which culminates in a demo day in early 2023. As part of the program, Bloxsmith will also receive a $100,000 investment, doubling Bloxsmith's total fundraising to date.
Bloxsmith co-founder and CEO Blake Faulkner posted the news on his LinkedIn page. Faulkner, a senior at Miami University, was one of Cincy Inno's Under 25 winners this year. He launched the startup with fellow Miami student Mason Williams, who serves as its chief technology officer.
Bloxsmith provides digital in-game assets and gaming currencies for community-based game developers. It's the first metaverse marketplace for Roblox game developers. In September, Faulkner told Cincy Inno the company plans for a beta release this fall and a full release by the end of the year.
For its part, Soma Capital is a well-known player in Silicon Valley investing scene. The firm has provided seed funding for more than 20 unicorns, meaning startups that carry an $1 billion plus valuation. Its investments focus on software-specific startups.
