Did you miss a session from GamesBeat Summit Next 2022? All sessions are now available for viewing in our on-demand library. Click here to start watching.

Yahaha Studios today announced it has raised $50 million in investments. It’ll put this money towards building its metaverse game creation platform of the same name, which it plans to launch in early 2022.

Yahaha is a metaverse platform dedicated to user-generated content. Originally created by a team of Unity veterans, it offers a modular set of services for game development, including art assets. Developers of varying experience levels can create or monetize games within Yahaha Studio’s editing tool.

It also has a social component that allows users to share their games on multiple platforms. The company raised the amount across three rounds of funding in the last six months.

Chris Zhu, Yahaha CEO, said in a statement, “Connecting users around the world through virtual entertainment, Yahaha offers a unique creative and social experience to game developers and gamers alike. Through Yahaha we are empowering creators at all levels, from established developers to those making their first game – everyone can be a creator in our virtual world. We’re really looking forward to fully launching this year, growing our team and bringing the first stage of our vision for the future of content creation to life.”

GamesBeat's creed when covering the game industry is "where passion meets business." What does this mean? We want to tell you how the news matters to you -- not just as a decision-maker at a game studio, but also as a fan of games. Whether you read our articles, listen to our podcasts, or watch our videos, GamesBeat will help you learn about the industry and enjoy engaging with it. Discover our Briefings.