Bud App, a Singapore based startup for user generated metaverse platform has raised $36.8 million from Sequoia Capital India in Series B funding. Till now Bud App has raised funding to over $60 million.
Founded by two former Snapschat engineers Risa Feng and Shawn Linn, Bud App lets you create 3D user generated content (UGC) in metaverse by simple drag and drop. It aims to create a metaverse for Gen Z to play and interact with each other.
In this brief review blog post, I will first explain about the UGC metaverse platform and about the Bud App. I am going to explain the idea behind this app, the 3D experience you can create in this app and the platform supported by this app. Moreover, you are going to know about Bud App’s future plan and investors of it. In the end, i am going to list how Bud App is different form Roblox.
WHAT IS USER GENERATED METAVERSE PLATFORM?
User Generated Metaverse Platform or UGC Metaverse Platform is an open metaverse platform. In this metaverse the users are all in everything. The users are developers, creators and consumers.
A UGC Metaverse Platform provides the tools to create 3D contents in the metaverse. You can create your avatar, games, small experiences, interactive 3D objects, etc and publish it for others to enjoy it.
It is just like Tik-Tok, Youtube, etc where you create a video for others to enjoy. But in the UGC metaverse, you create 3D experiences as mentioned above for other users to enjoy. In the UGC metaverse you can monetize your creation in the form of Non-Fungible Token (NFT).
WHAT IS BUD APP?
Bud App is a user generated metaverse platform where you can create and experience 3D interactive content with your friends. It is similar to Roblox but here you are creator and consumer.
Bud App is among the top 10 social apps in nearly 40 countries. It is currently the top free social android app in Thailand and Vietnam.
In the Bud App you can use your own imagination to create something cool and share it with the community.
FEATURES OF BUD APP
- You can create your own customized avatar.
- Using Bud App’s 3D creation tools you can build 3D interactive experiences .
- You can explore lots of 3D experiences built by the community and users of Bud App.
- You can hangout with your friends.
- You will be able to monetize your creation in the Bud App. It’s coming soon
IDEA BEHIND BUD APP
The main aim of the founders of Bud App is to build a metaverse platform that can truly decentralize the creation of 3D User Generated Content (UGC). They want this tool to be accessible on every device and for everyone.
The UGC creation tool is basically mobile native and very intuitive. The user can create a 3D content by simply using drag and drop. They don’t need past coding and 3D modeling experience.
3D EXPERIENCE USER CAN CREATE ON BUD
The 3D creation tool in Bud App is built in such a way that it gives a high degree of freedom to the users. The users can create whatever they want. There are no templates provided by the app but only primitive cubes and spheres.
Some of the users create birthday party 3D content for their friends. RPG games or adventure games are also built in bud app. Obby is a popular UGC game in the Bud App.
PLATFORM SUPPORTED BY BUD APP
As of now, to use Bud you have to use it as an app in Android and iOS. In the coming days, Bud App PC is going to be available. The Bud App download link is provided below.
FUTURE PLAN OF BUD APP
Bud App is planning to introduce a marketplace for Non-Fungible Tokens (NFTs). This will allow the users to monetize their content and the virtual user generated content (UGC) sold on Bud App will take place in blockchain.
But what token this app will support is not known till now.
INVESTORS OF BUDS APP
Bud App is growing to be the one of the biggest global metaverse UGC Platform or User Generated Metaverse Platform. It has received multiple rounds of funding from reputed investors.
Bud’s Team plans to use this for their product R&D and user growth worldwide. SOme of the investors are listed below.
- GGV Capital
- Source Code Capital
- Qiming Venture Partners
- Sky9 Capital.
- Sequoia Capital India
- Net Ease
ROBLOX VS BUD
If you look at the surface, Roblox and Bud have the same concept but it is totally different. In Roblox you have 2 groups of people as mentioned below.
- Consumers or Users
The developers develop the game in Roblox and the consumer consumes or engages with the games. But in the Bud App, you have only one group of people-the users. The users of Bud App are developers, creators and consumers.
But, in Bud App there are different levels of creators. The Top creators create amazing experiences like infinite worlds, RPG, etc. Casual creators who create ting experiences for their friends. But, everyone has the chance to create whatever experience they want to create.
Bud App has been growing ever since its inception. It is one of the top User generated metaverse Platform or UGC metaverse platforms. It has received a series of funding form various investors due to its growing popularity.
In this blog post, I have discussed the Bud App and UGC metaverse platform. You came to know the features, platform supported and future plan of Buds App. Moreover In the end you came to know the difference between Roblox and Bud App.