- From having their self metaverse store titled Samsung 837X back in January 2022, Samsung now pours out $25 Million in DoubleMe.
- A few of the large organizations in South Korea with likes of NH Investments and Coentry Investment have also displayed a huge support for DoubleMe.
- Moreover, DoubleMe have also attained a massive support from international organizations such as Vodafone, Orange and T-Mobile.
Samsung Joins DoubleMe On Their Journey
Albert Kim, Heeyoung Kim and Michael Kuczynski are the brains behind DoubleMe. This metaverse startup was set up back in 2015. It’s core focus was to offer innovative solutions in crisp transformation of 2D to 3D videos.
Undoubtedly, DoubleMe has witnessed an escalating piece of block in metaverse market scenario. When organization released TwinWorld, an AI and AR-focused metaverse platform, everybody was fixated on DoubleMe.
They knew it will grow as a mammoth in cryptocurrency and metaverse scenario. TwinWorld has since then sparked a lot of attention from potential users, investors and partners.
AR-Focused DoubleMe
The startup’s concentration towards AR to form that synergy associating the tangible and digital dimensions. And the generous funding from tech giant Samsung is a massive assistance to boost organization’s growth.
The funds are geared towards bettering product development, marketing staffing and the like. Additionally, TwinWorld is anticipated to morph into its commercial version soon.
DoubleMe has a net worth of $4.5 Million as of now, is escalating steadily and latest funding investment of Samsung is pivotal to scale.
South Korea Ahead In Metaverse and NFT Space
South Korean authorities and private organizations are entirely vested in Metaverse and NFT. It is not an exaggeration as South Korea mapped out a 5 year plan to make the nation the global leader in Metaverse.
About 200 South Korean businesses signed up for this. It is bound to happen for nation. The mammoth crypto adoption in nation opened windows towards tech opportunities in NFT and Metaverse space.
Prominent players such as Samsung, LG and SK Group have projects queued up as early as now that are concentrated on NFT and metaverse markets. DoubleMe has attained major traction with seed funding they have received from participating organizations both domestically and internationally.
Samsung has made investments in techs funded on dreams. Forward-thinking organizations such as DoubleMe and Samsung are making future happen too quick, right here right now.
Source: https://www.thecoinrepublic.com/2022/04/23/samsung-pours-out-25-million-for-doubleme-a-south-korean-startup/