In a stylish vote of confidence for the metaverse and Web3, L’Oréal’s venture capital fund BOLD and the British Fashion Council are among the participants in a $4 million round of funding for French metaverse developer Digital Village.

Venture Reality Fund, Venrex and others have also invested in Digital Village, billed as a “technology platform” dedicated to emerging virtual worlds.

“The company revolutionizes commerce and community engagement by equipping brands and creators with the tools to create captivating and immersive virtual experiences in the metaverse,” according to an announcement first shared with WWD. “The funding will be used to enhance the capabilities of the platform, adding new tools to power the development of the 3D world, advanced avatar customization and…