Jay-Z’s Marcy Venture Partners has reportedly acquired a stake in spatial LABS (sLABS), a tech incubator founded by Iddris Sandu. Spatial LABS is a tech incubator with a focus on the metaverse and blockchain-based products, according to Billboard.

Sandu is a 24-year-old technologist and entrepreneur who developed algorithms for companies like Uber, Snapchat, Twitter, and Instagram.

According to Complex, Marcy Venture Partners and sLABS will delve into the intersection of tech, culture, and humanity. A press release sighted by Complex said Sandu will first launch LNQ, a “blockchain-enabled hardwire platform that “aims to make the metaverse more accessible and provide creators with decentralized tools to engage with their communities through LNQ’s proprietary, real-time processing stack.”