The virtual image operation platform “Sharing Times” opened the “Free Metaverse”, a new round of financing subscription has been completed, with a pre-investment valuation of 3 billion yuan

The star celebrity intellectual property operation platform “Sharing Times” is close to completing a new round of financing, and has been recognized by many capital and investment institutions, such as: Qingdao Qianjun Yifa Film and Television Culture Media Center (Limited Partnership), Fuminqiangguo (Beijing) Investment Management Co., Ltd., Shanghai Lurong Investment Management Co., Ltd., Regal Capital, etc. are all among them. The company’s pre-investment valuation has reached 3 billion yuan. This round of financing will be mainly used for the improvement of the IP library, the construction of the Metaverse developer platform, the content development of Xingfan Universe, and the landing of Xingfan Universe offline store.

Sharing Times started as a mobile game distribution in 2011. It has released more than 500 high-quality games such as “Daily Forbidden City”, “Cut the Rope”, “Find Your Sister”, “Falling Man” and “Cristiano Ronaldo Street Parkour”. In 2014, I saw the value of intellectual property from overseas Kardashian games, so I began to introduce star and celebrity IP. As an agent of virtual images, the sharing era can help stars realize the realization of intellectual property rights, produce more content and exert more value.

The virtual image operation platform "Sharing Times" opened the "Free Metaverse", a new round of financing subscription has been completed, with a pre-investment valuation of 3 billion yuan

Wang Xin, founder of Sharing Times

In 2018, “Xingfan Universe” came out under the vision of “creating an IP that affects two generations, and making it the Disney of the East”. This is a Chinese superhero sci-fi story similar to Marvel, explaining that after the chaotic big bang, There are multiple parallel worlds in the universe. Between evil and justice, heroes from all walks of life began to fight for survival, freedom, and truth.

Xingfan universe advocates that “everyone is a superhero”. Compared with Marvel, which has been accumulated for many years, Xingfan universe has the blessing of star influence, fans and traffic at the beginning of its establishment, which pushes Marvel’s logic backwards. Through content creation and star avatar bearing, Star Fan Universe has derived works such as film and television, games, animation, games, etc., combined with fan operation, to create a new mode of star IP operation to give full play to the value of IP.

The virtual image operation platform "Sharing Times" opened the "Free Metaverse", a new round of financing subscription has been completed, with a pre-investment valuation of 3 billion yuan

Image source: Star Fan Universe

With the fire of the “Metaverse” in 2021, Sharing Times also hopes to seize such an opportunity. On December 27th, Sharing Times released the product engine “Free Element Universe Pan-entertainment Social Platform” “Hundreds of Millions of Planets Star Fan World”. This is the open entrance of Star Fan Universe to the public. Everyone will have their own IP, and they are all builders of this Metaverse system.

Regarding the “Freedom Metaverse”, the creator of this concept, Wang Xin, the founder of Sharing Times, told 36氪, “Just like a new city and real estate needs residents and businesses to settle in, we hope that more users, creators and businesses will settle in. Settling in, enriching the entire ecology, we have always been a free and open Metaverse. We provide users with entertainment and social places, provide creators with a place to play, and provide help for merchants to monetize… In In the Xingfan Metaverse, there are complete scenes, rich content, and real social interaction. In this system, fans and stars are no longer an unreachable relationship, and stars may be your neighbors and your friends to play with. We hope What is created is co-construction, co-integration, co-creation and win-win.”

The virtual image operation platform "Sharing Times" opened the "Free Metaverse", a new round of financing subscription has been completed, with a pre-investment valuation of 3 billion yuan

“Hundreds of millions of planets, star fans world” conference site display

Three advantages about the engine:

1) The infrastructure has been carefully polished for 8 years, and the processing speed of the engine can shorten the development cycle of ordinary games to 30%.

2) The genes of the IP alliance have laid a good foundation for industry cooperation, and at the same time, it has also contributed to the “drainage”. The second generation of sharing world has 1000+ stars and contracts, 3000+ virtual images, covering 95% of Chinese cartoon images.

3) Developer incentives – With the help of 100 million yuan of funds, the “Creator Party” brand was established to help all developers in China to realize monetization as soon as possible.

At this stage, the Star Fan World engine is still iterating, and the internal functions are constantly improving. The developer beta version will be launched around April 30 this year, and the official version will be released on June 30.

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