#**L1EF Announces First Investment in Open Metaverse Immersive Technologies**

According to reports, the LAMINA1 Ecosystem Fund (L1EF) launched by the metaverse blockchain network Lamina1 has announced its first investment in two Web3 companies building open metaverse immersive technologies, namely IP Innovation Lab/Studio 0 Studio and the physical and digital experience platform Legitimate. The specific investment amount has not been disclosed yet. L1EF is the first publicly accessible ecosystem fund for Layer1 blockchain, with the goal of investing in builders, creators, and early projects to expand the LAMINA1 platform and turn the vision of an open metaverse into reality. （Businesswire）

L1EF, an ecological fund under the metaverse blockchain network Lamina1, invests in two Web3 companies: Studio and Legitimate

####*Introduction*
The LAMINA1 Ecosystem Fund (L1EF) recently announced its first investment in two Web3 companies that are building open metaverse immersive technologies. The two companies, IP Innovation Lab/Studio 0 Studio and Legitimate, are said to be hub for immersive experiences that leverage blockchain technology, interactive design, and hardware. L1EF is the first publicly accessible ecosystem fund for Layer1 blockchain, with the aim of investing in builders, creators, and early projects to expand the LAMINA1 platform and turn the vision of an open metaverse into reality.
####*What is the LAMINA1 Ecosystem Fund (L1EF)?*
L1EF is a blockchain-based investment fund that aims to support blockchain and crypto ventures, including Layer1 blockchain technology. The fund aims to invest in companies that are building within the ecosystem, helping them to expand and build out the infrastructure for an open metaverse. Furthermore, the fund is committed to supporting innovation and creativity by investing in builders, creators, and early projects that are exploring cutting-edge technologies such as blockchain, AR/VR, and AI.
####*Who are IP Innovation Lab and Studio 0 Studio?*
IP Innovation Lab and Studio 0 Studio are both Web3 companies that are focused on building immersive, blockchain-powered experiences. IP Innovation Lab is focused on creating new and innovative content that combines blockchain, gaming, and life sciences to create immersive experiences that are unique and engaging. Studio 0 Studio, on the other hand, is focused on building open immersive technologies that enable creators to build immersive experiences that leverage blockchain technology.
####*What is Legitimate?*
Legitimate is a physical and digital experience platform that uses blockchain technology to create unique and engaging experiential marketing campaigns for brands. The platform allows brands to leverage blockchain and AR/VR technology to create immersive campaigns that connect with consumers in new and innovative ways.
####*Why is L1EF investing in companies building immersive technologies?*
L1EF is investing in companies building immersive technologies because it believes that these technologies are the future of the internet. The emergence of the metaverse is changing the way that we interact with each other and with digital content, and companies that are building within this ecosystem are poised to benefit from this shift. Furthermore, by investing in early-stage companies, L1EF is helping to create the infrastructure for an open metaverse, which will enable creators and users to interact in new and innovative ways.
####*Conclusion*
The LAMINA1 Ecosystem Fund’s first investment in companies building open metaverse immersive technologies is a significant milestone in the development of the metaverse. By investing in these companies and helping them to build out the infrastructure for an open metaverse, L1EF is contributing to the growth and development of the blockchain ecosystem. Furthermore, by supporting innovation and creativity, L1EF is helping to create a more diverse and inclusive ecosystem that will benefit all stakeholders.
###**FAQs**
1. What is Web3 technology?
Web3 technology refers to a suite of decentralized applications and protocols that leverage blockchain technology to build decentralized versions of web services.
2. What is the metaverse?
The metaverse is a virtual world that is built on immersive technologies such as virtual reality and augmented reality, and is powered by blockchain technology.
3. How can I invest in L1EF?
As the first publicly accessible ecosystem fund for Layer1 blockchain, L1EF is open to investors who are interested in investing in companies building within the LAMINA1 ecosystem. Interested investors can visit L1EF’s website for more information on how to invest.
###**Key Words**
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