• Spheroid Universe, an extended reality metaverse company, has announced that it has secured a $25 million investment commitment from ABO Digital.
• This funding will enable Spheroid to continue developing and scaling the infrastructure of its AR/XR platform, including tools such as Spheroid Script and Demiurge IDE.
• ABO Digital is a digital asset investment firm based in the Bahamas that invests in cryptocurrency projects globally.
Spheroid Universe Secures $25M Investment from ABO Digital
Spheroid Universe, an extended reality metaverse company, has announced that it has secured a $25 million investment commitment from ABO Digital as a strategic financing partner. The funds will be used to further build tools and capabilities within Spheroid Universe.
Platform Powered by SPH Token
Spheroid is an AR/XR platform that uses the SPH utility token for powering all activities in its ecosystem. This token can be exchanged for Spaces (virtual lands of the Spheroid Universe), used for advertising in XR, placing content, and various platform services – including Spheroid Earth – an open global project for creating Earth 3D Digital Twin.
Tools Developed with New Funds
With this new funding commitment from ABO Digital, Spheroid plans on using these funds to develop new tools within their platform such as:
-Spheroid Script: A cross-platform programming language developed to speed up and reduce the cost of developing AR/XR applications;
-Spheroid Demiurge IDE: Cloud-based integrated development environment for programmers and designers who work together on AR/XR projects; among others.
About ABO Digital
ABO Digital is a digital asset investment firm based in the Bahamas and part of the Alpha Blue Ocean group which has executed more than $2bn in financing commitments for publicly listed companies across the globe. ABO Digital specializes in investing cryptocurrency projects globally.
Statement From Managing Director Andrea De Marco
„This commitment from ABO Digital will enable Spheroid to continue developing and scaling the infrastructure within Spheroid Universe,“ said Andrea De Marco, Managing Director of Spheroid Universe „We are excited to work with them going forward.“