Rotterdam, Netherlands, February 21, 2023
ABO Digital represents a major milestone for Spheroid, providing a $25 million investment to Spheroid Universe as a strategic financial partner.
The Spheroid Universe is an extended reality (AR/XR) platform that is a token of Spheroid Universe (SPH) utility token.
This funding commitment allows Spheroid to develop and expand the range of tools and capabilities in the Spheroid Universe. This includes further development of Spheroid Script, a cross-platform programming language aimed at speeding up and reducing the cost of developing AR and XR applications. It also includes the Spheroid Demiurge IDE, a cloud-based integrated development environment that provides help and support for programmers and designers working together on AR and XR projects.
"ABO Digital's commitment enables Spheroid to continue to develop and expand the Spheroid Universe infrastructure" - said Andrea De Marco, managing director of Spheroid Universe.
"We look forward to future cooperation with the Spheroid team" - said Amine Nedjai, director of ABO Digital. "Spheroid develops essential tools for creators in the AR/XR space, which we believe will grow in demand over time.
About Spheroid in brief
Spheroid Universe, the augmented reality metaverse company, is pleased to announce that it has received an investment commitment from ABO Digital for its SPH utility token. Spheroid Universe is a platform that supports the development of augmented reality projects. The technological basis of the platform is the Spheroid XR Cloud and the Spheroid Script programming language developed for the creation of AR/XR.
SPH is the Spheroid ecosystem's own native token, which plays a decisive role in incentivizing the activities of the platform. SPH can be used -areas (virtual land areas of the Spheroid Universe), XR- for ads, to place content and to use various platform services. Products such as Spheroid.Earth, which is an open global initiative for Earth to create a 3D digital copy.
About ABO Digital
The digital assets investment company of ABO Digital, Alpha Blue Ocean is part of the group, which has committed more than $2 billion in financing to publicly traded companies around the world. ABO Digital is based in the Bahamas and invests in cryptocurrency projects worldwide.
source: Cointelegraph
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