Telefonica Invests in Metaverse Through Gamium – Metaverse Bitcoin News

Telefonica, one of Spain’s largest telecom operators, has decided to invest in Gamium, further boosting its metaverse push. The company will allocate an undisclosed amount of funds to this metaverse initiative through Wayra, the incubator’s innovation-based arm. The company is also collaborating with Meta to create a metaverse innovation center for startups.

Telefonica invests in Spanish Metaverse Gamium

Metaverse initiatives are becoming popular with companies and venture capitalists to invest in during this market downturn. Telefonica, one of the largest telecom companies in Spain, has announce It will boost its metaverse investments by supporting Gamium, a Spanish initiative for the virtual world. This Barcelona-based company has raised 1 million euros by selling land on its platform in just ten days, and is being announced as the first decentralized metaverse.

The investment, whose numbers have not been released, will be made through Wayra, Telefonica’s open innovation platform, which incubates technology-related projects. The Gamium metaverse will be available through 3D VR-based channels and, according to local reports, will also have an app, allowing users to create their own businesses and events in the metaverse until the end of creating an online economy on the platform.

On the investment, Marta Antunes, President of Wayra Barcelona, ​​stated:

We are excited to invest in Gamium, a highly talented team in the crypto and blockchain world, committed to innovation and ambitious to build the foundation for a new, more decentralized Internet that empowers creators.

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Telefonica has been one of the most active companies when it comes to its interest in the metaverse and the technology associated with it. Telefonica’s CEO, José María lvarez-Pallete, has been clear about the importance of the metaverse to the company and its future. In an interview published in May, he said advertiser:

We live in a time of greatest change in human history and the greatest accumulation of technology that no other generation has yet experienced. The metaverse will cause a change deeper than the Internet.

Telefonica’s focus on the metaverse has led to other actions. In addition to the announced investment, Telefonica has partnered with Meta, the social media company, in creating the metaverse innovation hub. This center will allow Spanish and local startups based on the metaverse to have a 5G telecom lab to test the efficiency of their platform using existing telecom networks.

What do you think of Telefonica and its recent investments in Gamium? Tell us in the comments section below.

Sergio Goshchenko

Sergio is a crypto journalist based in Venezuela. Describing himself as a latecomer, he got into the crypto world when the price spike occurred during December 2017. Because he has a background in computer engineering, lives in Venezuela, and is influenced by the cryptocurrency boom on a social level, he offers a different perspective on the success of crypto and how it helps people. Those who do not deal with banks and who suffer from a lack of services.

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