Meta and Telefónica Collaborate to Empower Start-ups in the Meta Universe and Web3 Industries

02/28/2023 10:00 • Digital Disruptors • 106 views

It is reported that Meta, a social giant, and Telef ó nica, a telecommunications company, jointly launched the Meta Universe Activation Plan, aiming to provide support and empowerment for start-ups in the Meta Universe and Web3 industries. The participating start-ups have the opportunity to explore business development opportunities with Meta and Telef ó nica, as well as access to the open innovation ecosystem and potential investment opportunities of Telef ó nica.

Meta and Telef ó nica jointly launched the metauniverse activation plan, and the metauniverse project Gamium will participate in the cooperation

Analysis based on this information:

Meta and Telefónica have teamed up to launch the Meta Universe Activation Plan with the aim of providing support and empowerment to start-ups in the Meta Universe and Web3 industries. This collaboration presents exciting opportunities for these start-ups to expand and grow their ventures through potential investment opportunities, access to an open innovation ecosystem, and business development opportunities with both Meta and Telefónica.

The Meta Universe refers to the virtual world that Meta (formerly known as Facebook) is attempting to build, which will allow users to interact with a virtual world that is an extension of their physical world. Web3, on the other hand, is the decentralised version of the internet, powered by blockchain technologies where users own their data and control the platforms they use.

Start-ups in the Meta Universe and Web3 industries are still relatively new and thus require resources to grow and develop. The Meta Universe Activation Plan provides this much-needed support to these start-ups, helping them to realise their potential.

One of the benefits of the collaboration between Meta and Telefónica is that participating start-ups are given the opportunity to explore business development opportunities with both companies. This includes access to Telefónica’s open innovation ecosystem, enabling start-ups to connect with other innovators, entrepreneurs, and investors, and potentially secure further investment.

Additionally, Telefónica’s potential investment opportunities offer participating start-ups access to the resources they need to achieve their growth and development goals. Telefónica is one of the largest telecommunications companies in the world and has invested in over 600 start-ups through its venture capital arm, Wayra, since its inception in 2011.

In conclusion, the Meta Universe Activation Plan is a significant opportunity for start-ups operating in the Meta Universe and Web3 industries. Through business development opportunities with Meta and Telefónica, access to Telefónica’s open innovation ecosystem, and potential investment opportunities, participating start-ups can unlock their full potential and reach new heights.

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