Telefonica to Invest in Metaverse Through Gamium

Telefonica, one in all the most important verbal exchange corporations in Spain, has determined to put money into Gamium, strengthening its metaverse push. The organisation will allocate a non-disclosed amount of budget to this metaverse initiative thru Wayra, its innovation-based incubator arm. The enterprise is likewise taking part with Meta within the introduction of a metaverse innovation hub for startups.

Telefonica To Invest In Spanish Metaverse Gamium

Metaverse initiatives have become popular for groups and VCs to invest in throughout this marketplace downturn. Telefonica, certainly one of the most important conversation agencies in Spain, has introduced it'll strengthen its metaverse investment by means of supporting Gamium, a Spanish virtual international initiative. This Barcelona-primarily based employer has raised 1,000,000 euros with the income of land on its platform in only ten days, and it's far marketed as the first decentralized metaverse.

The funding, whose numbers have been now not disclosed, could be made via Wayra, an open innovation platform of Telefonica, that serves to incubate tech-related tasks. The Gamium metaverse might be to be had thru three-D VR-based channels and, according to neighborhood reports, additionally may have an app, permitting customers to create their own companies and occasions in the metaverse to the stop of creating a web economic system on the platform.

About the funding, Marta Antúnez, head of Wayra Barcelona, said:

We are excited to spend money on Gamium, a very gifted crew within the crypto and blockchain global, dedicated to innovation and with the ambition to construct the muse of a new, greater decentralized internet that empowers creators.

Metaverse Push

Telefonica has been one of the most energetic organizations when it comes to its hobby inside the metaverse and related tech. Telefonica’s CEO, José María Álvarez-Pallete, has been clean approximately the significance the metaverse has for the company and its future. In an interview published in May, he stated:

We live in the best time of alternate in the history of mankind and the greatest accumulation of era that no other era has had till now. The metaverse will reason a fair deeper exchange than the Internet.

Telefonica’s cognizance on the metaverse has induced different movements. In addition to the announced investment, Telefonica has partnered with Meta, the social media agency, within the introduction of a metaverse innovation hub. This hub will permit Spanish and nearby metaverse-based totally startups to have a 5G communications lab to test the efficiency in their platform the use of these days’s communication networks.

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