Spheroid Secures $25 Million Investment for Expanded Reality Universe Development

02/22/2023 16:16 • Tech Trends • 88 views

It is reported that Spheroid, an extended reality universe company, announced that it had obtained a total investment commitment of 25 million US dollars from ABO Digital, headquartered in the Bahamas, which has also become the company’s strategic financing partner. Spheroid plans to use new funds to build tools based on the practical token Spheroid Universe (SPH), including the cross-platform programming language Spheroid Script and the cloud infrastructure development environment Spheroid Demiurge IDE, to further support the infrastructure development and expansion of Spheroid Universe, and to build low-cost tools for creators, programmers and designers in the AR/XR field. （Cointelegraph）

Expanded Reality Universe Company Spheroid won the investment commitment of $25 million from ABO Digital

Analysis based on this information:

Spheroid, a company specializing in extended reality (XR) universe development, recently announced its strategic financing partner ABO Digital has committed to investing $25 million in the company. With this investment, Spheroid plans to expand its infrastructure development and create low-cost tools for creators, programmers, and designers in the AR/XR field.

Spheroid intends to utilize the funds to advance the development of new tools based on its practical token, Spheroid Universe (SPH). Spheroid Universe is a decentralized platform that uses blockchain technology to enable its creators to design a virtual reality space that can be accessed through augmented reality (AR) devices like smartphones, tablets, or smart glasses. This creates an immersive experience without the need for expensive VR headsets.

One of the new tools in development is the cross-platform programming language Spheroid Script. This tool provides a common language that developers can use to create applications across various platforms for the Spheroid Universe. Additionally, Spheroid will use the funds to advance the development of Spheroid Demiurge IDE, a cloud infrastructure development environment that makes it easier for creators to design and edit their virtual reality space.

The investment will also help Spheroid realize its goal of providing low-cost tools for creators, programmers, and designers in the AR/XR field. This will make it easier for more people to create and modify the extended reality universe, promoting its growth and expansion in the market.

Spheroid’s strategic partnership with ABO Digital, headquartered in the Bahamas, will likely be beneficial to its continued success. The investment will provide Spheroid with a reliable funding source as it further develops its infrastructure, delivers new low-cost tools, and expands its influence in the emerging AR/XR market.

In conclusion, Spheroid has taken a significant step forward in advancing the infrastructure and tools necessary for expanded reality universe development with their new $25 million funding commitment from ABO Digital. With the resources to develop new tools like Spheroid Script and Spheroid Demiurge IDE, Spheroid Universe is positioned to become a prominent player in the market.

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