Republic Cancels $75 Million Metaverse Fund Following Crypto Collapse and SEC Guidance

Republic is the third largest equity crowdfunding portal in the U.S. and the owner of the largest U.K. portal, Seedrs. In March of 2021, they launched the “Republic Realm Metaverse Real Estate Fund” available exclusively to a handful of accredited investors. In December of 2021, they launched a Test the Waters (TTW) Regulation A campaign to open it up to all investors. It was incredibly popular and maxed out the entire $75 million reservation max in a very short time. The fund primarily focuses