XERO TECH Secures Pre-Seed Funding to Build Groundbreaking Metaverse Platform
Dubai, UK & Canada – Emerging from the thriving startup ecosystems of Dubai, the UK, and Canada, XERO TECH has just announced pre-seed funding for its revolutionary metaverse platform, taking a bold step toward transforming the future of immersive digital experiences.
At the core of XERO TECH’s mission is the creation of a blockchain-backed, immersive, and persistent virtual reality experience that isn’t just for consumers—but also tailored for businesses and government institutions. With their innovative metaverse platform, they’re not just joining the tech revolution; they’re steering it in a whole new direction.
Currently hosted at Dubai Internet City’s in5 Tech Accelerator, XERO TECH is part of an ecosystem designed to nurture breakthrough startups. The company has already made waves with two major innovations: the newly announced metaverse platform and a patented hardware product called BioLoc Safety, a firearm safety system backed by blockchain technology and granted patents in the U.S.
A Visionary Behind the Innovation
Founded by Pakistani entrepreneur, inventor, and research scientist Noman Shah, XERO TECH is driven by a deep passion for technological advancement. With a strong background in information technology and project management, Shah holds 2 granted and 20 pending patents in the U.S. and Canada. His innovations have caught the attention of tech giants like Microsoft, Amazon, Citrix Systems, Lenovo, and Verisign, who’ve cited his work in their own developments.
Development on the metaverse platform began back in 2021, and since then, the team has worked tirelessly to incorporate unique, patent-pending features. Their ambition? To create a metaverse platform that surpasses the offerings of current industry giants by delivering a more engaging, innovative, and scalable digital world.
Fueling the Future with $100,000
The $100,000 pre-seed funding will enable XERO TECH to expand its team by hiring top-tier designers and developers. This funding is just the beginning, with a larger seed round planned ahead of the public launch of the metaverse platform.
Despite being a relatively young company, XERO TECH is already collaborating with several forward-thinking clients. These include “ESP” for VR-based EduTech applications, “Daraaj Towers” for the development of a Digital Twin, and a real estate firm working with XERO TECH to build a tokenized real estate registry—a concept that’s quickly gaining attention within the blockchain community.
Aligned with Dubai’s Metaverse Vision
XERO TECH’s rise comes at a time when Dubai’s Metaverse Strategy, spearheaded by Crown Prince Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, aims to transform Dubai into one of the top ten metaverse economies in the world. Launched in July 2022, this strategy is set to create over 40,000 virtual jobs and generate $4 billion for the emirate’s economy. The initiative is also focused on multiplying the number of blockchain and metaverse platform companies fivefold within five years.
As Dubai accelerates into the future, XERO TECH’s goals perfectly align with the emirate’s ambitions. They are not only building a metaverse platform—they’re helping shape an entire digital ecosystem that promises jobs, innovation, and global influence.
What Makes XERO TECH’s Metaverse Stand Out?
Unlike many projects that are still conceptual, XERO TECH’s metaverse platform already includes robust features like virtual real estate, digital twins, avatar studios, NFT trading, and an entire virtual economy powered by its own cryptocurrency. The vision also includes partnering with real-world brands to bring their experiences into the metaverse.
Interestingly, the platform’s story is rooted in a legendary science fiction universe with a cult following, giving it a nostalgic yet futuristic appeal. The goal is not just to create a digital playground but to actively support the evolution of a digitally-enhanced society.
Why Virtual Land Matters
Virtual land is a central piece of the metaverse platform puzzle. Drawing a parallel with history, just like Peter Minuit’s 1626 purchase of Manhattan Island—now worth over $1.74 trillion—virtual land in the metaverse holds immense speculative potential. Early investors are eyeing this new digital real estate as the next big asset class, especially as NFTs make it possible to own and trade land securely via blockchain.
Many Ethereum-based metaverse worlds like Decentraland, the Sandbox, and Somnium Space are already leveraging this idea, leading to high sales volumes of virtual real estate. However, XERO TECH believes it can offer something these platforms lack—truly immersive, user-owned, and endlessly adaptable environments with community at the center.
Backed by a Powerful Innovation Network
XERO TECH is not growing in isolation. It thrives under the guidance of in5, a startup incubator developed by the TECOM Group. in5 provides specialized facilities for startups in tech, media, and design, offering training, mentorship, and access to funding—everything a high-potential startup needs to succeed.
The Bigger Picture
The concept of the metaverse platform was first introduced by Neal Stephenson in his 1992 novel Snow Crash. It envisioned a hyper-realistic virtual space where users live, learn, shop, and work using avatars. Today, that vision is becoming reality—with XERO TECH poised to be one of the major players in bringing it to life.
According to McKinsey, the global metaverse industry could reach a value of $5 trillion by 2030, making it one of the most promising growth sectors of the decade. From healthcare and finance to education and entertainment, the metaverse platform will redefine how industries operate and interact with their users.
