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Posted: 2025-05-22 15:39:30 UTC
This article contains some claims that remain unverified. While much of the content may be accurate, exercise care when relying on this information.
This article contains some claims that remain unverified. While much of the content may be accurate, exercise care when relying on this information.
Status
Last Updated
2025-05-22 15:39:48 UTC
Verified By
Rollup News
A metaverse startup, formerly known as Infinite Reality and now rebranded as Napster, is attempting to buyout investors at an $18 billion valuation after claiming to have raised $3 billion. However, previous promises to allow investors to cash out have not materialized, and the company is facing a lawsuit from investors over a high-interest loan.
Rebranding of Infinite Reality to Napster
Attempted investor buyout at an $18 billion valuation
Unfulfilled promises of investor cash outs
Lawsuit from investors over a high-interest loan
Questionable $3 billion funding claim
Fulfilling promises to allow investors to cash out
Addressing the lawsuit from investors over a high-interest loan
Justifying the $18 billion valuation
Maintaining investor trust
Verifying the claimed $3 billion funding