Telefonica enters the metaverse with Gamium and Meta

Spain’s largest telecommunication company has decided to invest in the metaverse by partnering with Meta and Gamium. The company will offer services and create an innovation hub for tech startups in the metaverse.

Telefonica enters the metaverse with Gamium and Meta

Telefonica has announced that they are partnering with Gamium, a Spanish virtual world initiative, to launch the company’s services in the metaverse. The investment will be made through Wayra, Telefonica’s tech innovation investment platform.

“We are excited to invest in Gamium, a very talented team in the crypto and blockchain world, committed to innovation and with the ambition to build the foundation of a new, more decentralized internet that empowers creators,” said Marta Antunez, the head of Wayra.

According to reports, Gamium will provide users with a 3D VR-based application where they can create businesses and host events in the metaverse, thus creating an online economy.

Telefonica has also announced a partnership with Meta, the social media giant, to create a metaverse innovation hub. The hub will allow for Spanish tech startups to test efficiency of their platforms in the metaverse and real world using modern telecommunication networks.

“We live in the greatest time of change in the history of mankind and the greatest accumulation of technology that no other generation has had until now. The metaverse will cause an even deeper change than the internet,” stated Telefonica’s CEO, Jose Maria Alvarez-Pallete.

Related News

Metaverse Projects

New Gaming Token PIXEL Surges to Top 10 in Trading Volume.

New Gaming Token PIXEL Surges to Top 10...

With trading volume exceeding $1.2 billion, PIXEL has swiftl...

UK could pass stablecoin, staking laws within six months: Report

UK could pass stablecoin, staking laws within six...

The UK government plans to fast-track the enactment of fresh...

Japanese Government Plans to Relax VC Crypto Investment Rules

Japanese Government Plans to Relax VC Crypto Investment...

Reports suggest that the government has considered this move...

Bored Ape Creator Yuga Labs Acquires Moonbirds NFT Startup Proof

Bored Ape Creator Yuga Labs Acquires Moonbirds NFT...

As part of the acquisition, Yuga Labs plans to integrate Moo...

Aptos and Jambo partner to empower emerging markets via web3 phone.

Aptos and Jambo partner to empower emerging markets...

At the core of this initiative is the affordable JamboPhone,...

Spanish telecom giant Telefonica partners with Chainlink for enhanced security

Spanish telecom giant Telefonica partners with Chainlink for...

The collaboration will kick off with implementing the SIM SW...

Are you a journalist or an editor