On March 19, Peer Global Inc. completed a new round of financing of US$10.5 million, increasing its total investment to US$65.5 million. The financing, led by the Tommy Mai family office, will be used to expand Peer's development team, enhance its artificial intelligence capabilities, and refine its meta-universe platform. According to reports, Peer is a technology platform that integrates artificial intelligence to create interactive digital environments. The company launched a 3D personal planet, allowing users to create and customize digital spaces for social interaction. Peer's Metauniverse Engine provides developers with tools to build digital environments generated by AI. Peer's monetization strategy includes virtual property sales, i.e. users can purchase and personalize digital spaces.