“8:00a ET 8/18/2022 - Globe Newswire
Alpha Metaverse Partners With Future of Ecommerce SPACE Metaverse
Alpha Metaverse Technologies Inc. (CSE: ALPA) (FSE: 9HN0), (OTC PINK: APETF) ("Alpha" or the "Company"), a technology company that focuses on emerging markets in esports, mobile gaming, ecommerce, blockchain, and high growth opportunities, is excited to announce that Alpha, via its wholly owned subsidiary, Shape Immersive ("Shape"), has entered into a partnership with SPACE Metaverse ("SPACE") to assist SPACE in developing ecommerce experiences in the metaverse.
SPACE, founded in 2021, is a leader in the metaverse commerce world and aims to provide a powerful platform that allow users to design and create their own custom virtual rooms in addition to buying and selling their products and services. SPACE's goal is to create a metaverse that provides consumers with a seamless and straightforward virtual experience for shopping, events, gamification, and other fun social activities without physical borders.
Shape will be a preferred vendor of SPACE and will create retail stores and ecommerce experiences on the SPACE platform for leading brands who are entering the metaverse. Since being founded in 2018, Shape has been extremely successful in building award-winning brand and retail experiences in the metaverse and accumulated an impressive portfolio of leading brands, including Red Bull, Coca-Cola and RTFKT (acquired by Nike).
SPACE's investors include a number of the most web3 technologies including CoinFund, DapperLabs, and AnimocaBrands. CoinFund boasts a portfolio of over 60 investments. Digital Dapper Labs is the creator of NBA Top Shot, as well as a number of other blockchain-based games. Animoca Brands is the leading VC blockchain game portfolio.
"COVID greatly accelerated the adoption of eCommerce and we believe SPACE Metaverse will help transform the ecommerce experience of many brands and consumers once again. We are excited to take digital commerce to the next level with this partnership," said James Basnett, Co-Founder of Shape.
Given the rapid growth of consumers entering the metaverse, SPACE is focused on providing tools for users to design virtual goods for purchase, and to provide a platform that allow users to monetize their virtual assets and creations.
Regarding this strategic partnership, SPACE's CEO Batis Samadian states, "The founding team at Shape has been important in teaching companies and leaders about power of the metaverse and we are proud to have them as a partner pushing Space Metaverse forward to Fortune 500 companies and category leading brands."
Together, Shape will work alongside SPACE to create and extend the value of SPACE to support it in becoming the leading ecommerce tool in the metaverse.”
my posts are always theory and not financial advice
