Telefónica invests in Gamium, the metaverse that wants to connect all metaverses

Source: Observatorioblockchain

Telefónica has invested in Gamium, the company that develops a decentralized metaverse whose avatars can be used to interact in other metaverses. Both companies report in a statement that the investment, the amount of which has not been disclosed, has been made through Wayra, Telefónica’s open innovation initiative.

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The Gamium metaverse is focused on digital identities and users will participate in it through an Avatar, which will represent their unique digital identity. It is an innovative concept of identity that allows the user to be the owner of their data and exercise complete control over their privacy. In Gamium, each avatar will be an NFT that will be associated with the user’s digital identity

Telefonica and Gamium

Alberto Rosas, co-founder and co-CEO of Gamium, affirms that in his company they think that the future lies in building platforms where users can control their data and privacy. This is why they are developing a metaverse based on an identity that can be used in other applications and metaverses. The alliance with Telefónica is a support to our mission and shows our desire to go hand in hand with leading companies, says Rosas.

What is Gamium? the spanish metaverse that wants to connect all metaverses with your avatar

Gamium seeks to foster a new way of socializing digitally. To make it possible, your metaverse will be accessible in 3D and also through an app. The startup recently put up for sale a lot of 664 plots in its virtual world and in less than 10 days it sold land for more than one million euros. In these areas, users or companies will be able to create their own businesses or events through their avatars.

A community of more than 100,000 people

Gamium informs that investors such as DAO Maker, Metrix Capital, Magnus Capital and influencers such as Mr Beast or Willyrex, among others, participated in the launch of the pre-sale of its token in February. In March, they launched their $GMM token, which is already listed on several exchanges. Currently, Gamium has a community of more than 100,000 people who can participate in the company’s decisions through different DAOs.

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Regarding Telefónica’s investment, Marta Antúnez, director of Wayra Barcelona, ​​indicates her enthusiasm for investing in a company with the ambition of building the basis of a new, more decentralized internet that empowers creators

Telefonica reports that it is also developing with Meta a metaverse innovation center to help accelerate device and network readiness. The goal is to provide local startups and developers with access to a 5G lab to serve as an end-to-end metaverse test bed on Meta and Telefonica network equipment and infrastructure.