• Spheroid Universe, an extended reality metaverse company, has secured $25 million in funding from ABO Digital.
• The investment will be used to continue developing and scaling the infrastructure within Spheroid Universe.
• This includes tools such as Spheroid Script and Spheroid Demiurge IDE.
Spheroid Universe Secures $25M From ABO Digital
Rotterdam, Netherlands, 21st February, 2023: Chainwire Spheroid has announced that it has secured an investment commitment of $25 million from ABO Digital as a strategic funding partner. The funds are to be used for continuing the development and scaling of the infrastructure within Spheroid Universe.
Spheroid is a platform for developing extended reality projects that uses the SPH utility token for powering all activities in its ecosystem. The token can be exchanged for Spaces (virtual lands of the Spheroid Universe), used for advertising in XR, placing content, and other services on the platform. Products powered by SPH include Spheroid Earth – an open global project for creating Earth 3D Digital Twin.
Tools Developed By Spheroid
The funds received from ABO Digital will enable further development of tools such as:
•Spheroid Script: 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 designed for programmers and designers who work together on AR/XR projects
ABO Digital’s Investment Commitment
Amine Nedjai, Director of ABO Digital commented on this strategic financing partnership saying “We believe that demand for these essential tools created by Spheroids will increase over time” Andrea De Marco, Managing Director at Spheriod Universe expressed his excitement about this milestone stating “This commitment from ABO Digital will enable us to continue developing and scaling our infrastructure”
About ABO Digital
ABO digital is a digital asset investment firm based out of Bahamas which invests in cryptocurrency projects globally. It is part of Alpha Blue Ocean group which has executed more than $2bn in financing commitments around the globe so far.