Telefonica, Spain’s Largest Telecommunications Firm, Invests in Gamium

Jivana Y Brokolyn

Barcelona Metaverse startup Gamium introduced the completion of recent financing; there isn’t a details about the quantity; the investor is Telefonica, one of many largest communication corporations in Spain. Telefonica invested in its innovation incubator, Wayra.

Information exhibits that Gamium has raised $1 million by way of digital land gross sales and is presently constructing a Metaverse app to assist customers create their companies and actions and create an unique on-line economic system.

Earlier, on the Cellular World Congress in Barcelona, ​​Meta introduced a partnership with Spanish telecommunications big Telefónica to ascertain a Metaverse Innovation Middle. Innovation Middle exists based mostly on the potential cooperation between the 2 corporations. The aim is to assist construct the Metaverse Community infrastructure preparation by way of experiments, or related AR/VR functions, gadgets, and so on. Moreover, it seems that the innovation middle will present a Metaverse end-to-end community check platform for native startups in Spain and might benefit from the sources of Telefónica’s ecology and expertise middle and Meta’s engineers, instruments, and different sources.

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