Meta Ties up with Telefónica for Meta Universe Activation Plan

02/28/2023 10:00 • NFT Newsflash • 126 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

Interpret the above information:

Meta, formerly known as Facebook, has teamed up with Telefónica, a Spanish telecommunications company, to start the Meta Universe Activation Plan. The primary objective of this collaboration is to offer support and help to start-ups that are foraying into the Meta Universe and Web3 industries. The initiative is primarily aimed at bringing together the best start-ups in the Meta Universe and Web3 industries, providing them with direct access to Meta and Telefónica.

Several start-ups that want to develop in the Meta Universe will benefit from this exclusive program. The program promises to bring several new business development opportunities to companies in the Web3 and Meta Universe industries. As the Meta Universe is still in its nascent stage, the collaboration focusses on encouraging the start-ups to leverage the groundbreaking technology to establish their brand and gain a competitive edge.

The joint collaboration of Meta and Telefónica will provide start-ups with access to the open innovation ecosystem, making it easier to focus on development, innovation, and design to develop a product or service that identifies with the Meta Universe. This will increase their odds of attracting funding and investors in this novel space. The initiative aims at empowering the start-ups to embed themselves in the Meta Universe and drive growth and innovation in this niche.

Telefónica’s role is crucial, as it will provide start-ups with access to a vast ecosystem of potential investors by exposing them to its vast network of industry leaders, investors, and business experts. This exposure will enable start-ups to broaden their horizons and connect with angel investors, venture capital firms, and financial institutions.

In conclusion, Meta’s collaboration with Telefónica for the Meta Universe Activation Plan is a significant catalyst to boost new startups’ growth in the Meta Universe and Web3 industries. Start-ups that sign up have access to comprehensive support and increased visibility, which can help them grow exponentially. The initiative helps set a solid foundation in the Meta Universe and gives start-ups the option and expertise support to make imaginative leaps in this innovative space.

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