Italian crypto fund Iconium invests in Italian Metaverse platform OVER
Iconium, a leading Italian crypto investment fund specializing in digital assets and blockchain projects promoting decentralization and everything Web3.0, announces its second investment in Italy’s OVER, a decentralized Metaverse platform curating geolocalized AR/VR experiences. Through the ongoing partnership between the two Italian-based companies, Iconium supports OVER’s push to bring a community-owned Metaverse platform utilizing NFTs.
Italy’s quietly burgeoning crypto and blockchain scene is backed by a strong community of entrepreneurs and technical talent leading a diverse collection of startups, excelling especially in fintech and cybersecurity. While places like Silicon Valley, Singapore, Tel Aviv, and London get a lion’s share of the attention for being global blockchain hubs, Italy’s growing scene of blockchain-based businesses is putting the industry on notice.
The partnership between Iconium and OVER is rooted in their shared view that decentralization can bring about a Web3.0 revolution. Iconium first invested in OVER’s Seed round in 2021, before deciding to make another investment in the Metaverse platform earlier this year. During this period, both Iconium and OVER have experienced mutual growth and success. Recent highlights include Iconium’s investment in the $225 million Secret Ecosystem Fund and OVER’s increase in land sales on its platform, and the launch of a new version of its app that includes the precise geo-localization feature Map2earn.
Iconium is an all-encompassing crypto investment fund supporting a diverse range of decentralized projects and startups across every phase of their journey, ensuring maximum growth. As a principle, Iconium prioritizes blockchain-based projects related to disintermediation, decentralized finance (DeFi), and self-sovereignty with high disruptive potential. Since 2018 Iconium has backed more than 80 projects, investing $80 million across different segments such as DeFi, Web3.0, Layer-1 and Layer-2 scalability solutions, and the Metaverse. Iconium plans to invest another $60 million in the next two years.
OVER’s community-owned Metaverse leverages NFTs to bridge the gap between the digital and physical worlds through advanced geolocation. OVER users have already visited 1.6 million locations as part of its Pokémon GO-styled treasure hunt. Using the platform requires only a regular smartphone camera. OVER, formerly OVR, recently went through a rebranding to better align with their vision of building a persistent and decentralized digital layer OVER the physical world.
“OVER represents an ideal partner as a crypto investment fund focusing on disruptive Web3.0 projects,” says Fabio Pezzotti, Iconium’s Founder and CEO. “We see its Metaverse platform as an innovative and engaging application of blockchain technology and NFTs. We love supporting local startups, but we would have invested in OVER regardless of where they are from—we are very proud, however, that they represent Italy.”
“From early on, Iconium has supported our vision and worked closely with us throughout the development stages,” says Davide Cuttini, OVER’s CEO and Co-Founder. “We look forward to continuing this partnership and we are excited to see where the journey takes us.”
P&C Solution to Launch METALENSE on October 4, 2022
P&C Solution, an XR (extended reality) specialist, announced the concurrent launch of its new product, “METALENSE” in the Korean and overseas markets on October 4, 2022. In Korea, P&C Solution plans the product launch at the Korea Electronics Show (KES) 2022 to be held at COEX, Seoul for four days from October 4 (Tue.) to 7 (Fri.). The product will also be concurrently launched overseas through the distribution of a promotional article across North America, Europe, and Asia.
P&C Solution won recognition of its technological power by receiving the Innovation Awards presented only to innovative products at the KES. KES is Korea’s top-tier exhibition of IT convergence products. KES is a large-scale event, so a number of overseas buyers as well as domestic companies will attend (participate in) this exhibition. In addition, KES 2022 will showcase a variety of items including various electronic equipment and ICT, IoT, AR, and XR solutions and also offer the related side events.
P&C Solution provides a wide range of services based on the AR, XR, and digital twin technologies. As key services, the company proposes AR glasses and a differentiated XR solution to handle issues caused by communication errors between administrators and operators, and recognition errors of operators in industrial sites. The products can not only be used in industrial sites, but also be customized for application to various fields including logistics, construction, manufacturing, military, medicine, education, and culture.
METALENSE, a new product to be unveiled at the exhibition, was created by upgrading the optical part and AR engine functions of the existing AR glasses. Through lens offering high resolution and clarity, it provides a huge sense of immersion, enabling users to experience mixed reality more realistically.
The company is preparing to demonstrate remote cooperation solution and AR drawing using METALENSE at the exhibition. “We look forward to introducing our new AR glasses model and service at the KES 2022,” said a P&C Solution official. He expressed great expectations for the company’s participation in the event by saying, “We will make thorough preparations to make the event a meaningful opportunity to announce the launch of our new product, METALENSE.”
Wisdom Gaming Launches New Development Division, Wisdom Labs, to Expand Web3 Offerings
Wisdom Gaming, the emerging leader in esports entertainment, announced Wisdom Labs, a new division that will expand the company’s creative and development capabilities. Wisdom Labs enhances the company’s internal broadcast and product offerings and provides services within the Web3 space for brand partners. With a focus on accountability and transparency, the team will be building out capabilities to focus on augmented reality, virtual reality, mobile game development, and Web3 integrations.
“Wisdom Labs was created to build off of the incredible work our broadcast and events teams have become known for within the industry,” said Ian Anderson, Co-Founder and Chief Innovation Officer at Wisdom Gaming. “Our high-caliber team empowers those internal teams to push the envelope of what’s possible while allowing our partners to enter the space in a safe and measured way. Whether it’s augmented reality, a Twitch extension, or a QR code quest, we’re developing tools that will change how our communities experience gaming and live events.”
Wisdom Labs hits the ground running at launch, partnering with Kingdom Studios to develop and build blockchain services for their highly anticipated Defi Kingdoms PvP game mode expansion. The partnership grew out of a shared belief that there is no one size fits all approach to creating and supporting gaming communities.
“We’re thrilled to be working with Wisdom Labs on the long awaited PvP game mode,” said Frisky Fox, Founder of Kingdom Studios. “Working with the Wisdom team allows us to leverage their significant creative and development experience to build out a feature our community has been eagerly waiting for. We know that the expansion is in good hands, which allows us to focus on improving and growing other aspects of DeFi Kingdom.”
Wisdom Labs is the latest milestone for next gen esports and gaming media company Wisdom Gaming. Having recently celebrated the grand opening of Wisdom Gaming Studios, a first-of-its kind production and event venue, Wisdom is primed for continued growth as the company continues to expand its offerings and establish new partnerships. Later this month, Wisdom Gaming will host Gold Rush: Totally Excellent Weekend at Mall of America® where some of the most notable names in Rocket League will compete to be crowned Gold Rush Champion.
To learn more about Wisdom Gaming and Wisdom Labs, please visit wisdom.gg.
DeFi Technologies’ Wholly-Owned Subsidiary Valour, SEBA Bank and MVIS Launch the SEBA VALOUR Metaverse Index
DeFi Technologies Inc. (the “Company” or “DeFi Technologies“) (NEO: DEFI) (GR: RMJR) (OTC: DEFTF), a technology company bridging the gap between traditional capital markets and decentralised finance, announced today that Valour Inc. (“Valour“), its wholly owned subsidiary and a pioneer in digital asset exchange traded products (“ETPs“), has partnered with SEBA Bank and MarketVector Indices (“MVIS”) to launch the SEBA VALOUR Metaverse Index (SVMETA).
The SVMETA index is an investable index for tokens building for the Metaverse that provides exposure to crypto assets related to gaming, entertainment and social interactions within the virtual and augmented reality world.
“The metaverse has incredible potential to change the way we interact with technology and the world around us, like how the internet altered that same intersection,” said Tommy Fransson, CEO at Valour. “This product enables people to invest in that potential – taking part in the next big technological revolution.”
SVMETA is a rules-based index that covers the CCCAGG pricing and is calculated in USD as a price index. The index is reviewed on a monthly basis. Detailed information about the index, including methodology details and index data, is available at [LINK].
“The Metaverse is the next iteration of the internet. It is a 3D virtual world that will allow users to interact with their environments and other Metaverse users. Apart from its massive entertainment potential, the Metaverse is expected to create its own ecosystem of commercial avatars, thereby creating incredible investment opportunities,” said Gregory Mall, Head Investment Solutions at SEBA Bank. “The SEBAV Metaverse Index engineered by SEBA Bank in collaboration with MVIS and Valour provides exposure to digital assets designed to capture the accelerating trends of gaming, entertainment and social interactions shifting into virtual environments. SEBA V constituents include tokens with exposure to the Metaverse which are selected based on their market capitalization and liquidity,” he continued.
With this latest development, DeFi Technologies is further advancing its mission of integrating the foundational assets of the new digital economy into legacy financial institutions. Through Valour, DeFi Technologies offers 27 unique ETPs based on 8 of the highest performing DeFi tokens. These ETPs include Bitcoin Zero and Ethereum Zero, the only zero-fee synthetic crypto ETPs currently traded in Europe. Learn more about DeFi Technologies and Valour at defi.tech and valour.com.
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