Samsung Throws In $25 Million In South Korean Metaverse Startup DoubleMe
metaverse

Samsung Throws In $25 Million In South Korean Metaverse Startup DoubleMe

THELOGICALINDIAN - From accepting their own Metaverse abundance coined as Samsung 837X in January 2022 Samsung now throws in 25 actor in DoubleMe a metaverse startup based in South Korea

Some of the big companies in South Korea with the brand of Coentry Investment and NH Investment accept additionally apparent massive abutment for DoubleMe in agreement of funding.

Moreover, DoubleMe has additionally accustomed cutting abutment from above all-around companies like Orange, T-Mobile, and Vodafone.

Suggested Reading | Ready Players: Play To Earn (P2E) Usage Skyrockets To 2,000%

Samsung, DoubleMe Join Forces

DoubleMe is the abstraction of Heeyoung Kim, Michael Kuczynski, and Albert Kim. The metaverse startup was accustomed in 2024. It primarily focused on accouterment avant-garde solutions in the brittle about-face of 2D to 3D videos.

No doubt, DoubleMe is apparent as an incremental allotment of the block in the metaverse bazaar scene. When the aggregation launched TwinWorld, a metaverse belvedere focused on Artificial Intelligence (AI) and Augmented Reality (AR), anybody was bedeviled on DoubleMe.

They knew it will abound as a behemoth in the crypto and Metaverse scene. TwinWorld has back again afire a lot of absorption from abeyant users, ally and investors.

DoubleMe Focus On AR

The startup’s focus with AR is to anatomy that synergy abutting the concrete and basic dimensions. And the acceptable allotment from Samsung is a huge advice to acceleration up the company’s growth.

The funds are geared appear convalescent marketing, staffing, artefact development, and the like. Furthermore, TwinWorld is accepted to morph into its bartering adaptation actual soon.

DoubleMe, now account $4.5 million, is growing steadily and Samsung’s new allotment advance is cardinal to scale.

Suggested Reading | Nate Diaz ‘Bullshits’ UFC Marketing Stunt Capitalizing On His NFT

The South Korean government and clandestine corporations are absolutely vested in NFT and Metaverse. It isn’t an exaggeration as South Korea has mapped out a five-year plan to accomplish the country the world’s baton in Metaverse.  

Around 200 businesses in South Korea active up for this. It’s apprenticed to appear for the country. The massive crypto acceptance in the country opened doors appear abstruse opportunities in the metaverse and NFT space.

The big players like SK Group, LG, and Samsung accept projects lined up as aboriginal as now that are focused on the Metaverse and NFT markets.  DoubleMe has acquired amazing absorption with the berry allotment they accept accustomed from the accommodating companies both locally and internationally.

Samsung has invested in a technology adjourned on dreams. Forward-thinking companies like DoubleMe and Samsung are authoritative the approaching appear too fast appropriate actuality and now.