{"id":1197,"date":"2023-03-05T07:40:04","date_gmt":"2023-03-05T02:10:04","guid":{"rendered":"https:\/\/news.cetoex.com\/?p=1197"},"modified":"2023-03-05T07:40:05","modified_gmt":"2023-03-05T02:10:05","slug":"metas-partnership-pushes-metaverse-token-by-434","status":"publish","type":"post","link":"https:\/\/news.cetoex.com\/metas-partnership-pushes-metaverse-token-by-434\/","title":{"rendered":"Meta\u2019s Partnership Pushes Metaverse Token by 434%"},"content":{"rendered":"\n
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Cetoex News – <\/strong> Metaverse project Gamium has\u00a0announced\u00a0a partnership with social media giant Meta and telecommunications firm Telefonica. The partnership announcement caused Gamium\u2019s native token, GMM, to surge by 434% in 24 hours. Moreover, the token has rallied 791.3% in the monthly charts.<\/p>\n\n\n\n

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GMMUSDT Chart By TradingView<\/figcaption><\/figure>\n\n\n\n

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As per the announcement, along with Meta and Telefonica, Gamium will work on the Metaverse Activation Program. The program was launched to support and grow start-ups in the Web3 sector. Moreover, startups will gain access to exclusive technology made available by Meta AI and receive financial assistance from both Meta and Telefonica.<\/p>\n\n\n\n

Meta and Telefonica are not new to the Web3 market. Meta was the parent company of Diem, a corporation that created Diem Crypto (formerly known as Libra). On the other hand, Telefonica disclosed that it invested in a Spanish exchange that allowed for the purchase of cryptocurrencies.<\/p>\n\n\n\n

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Source: Coingecko<\/figcaption><\/figure>\n\n\n\n

At press time, GMM was\u00a0trading\u00a0at $0.00300075, up 12.8% in the last hour.<\/p>\n\n\n\n

Meta still keen on metaverse projects after losing billions?<\/h3>\n\n\n\n

Meta lost almost $13.7 billion\u00a0in its metaverse initiative in 2022. The fourth quarter of 2022 alone saw a staggering $4.28 billion operating loss for Meta. However, the losses do not appear to have shaken the company\u2019s faith in the metaverse. Given that competitors such as Apple are planning to enter the digital environment arena, it appears unlikely that Meta will abandon its pursuit. Apple is reportedly\u00a0hiring personnel to build\u00a0its digital environment. The electronics giant might enter the market with its \u201cReality Pro\u201d metaverse headset.<\/p>\n\n\n\n

Apart from the metaverse, Meta is also focusing on AI (artificial intelligence) innovations. Meta is establishing a new product group\u00a0dedicated\u00a0to generative AI. Meta is investigating\u00a0AI experiences\u00a0with text in\u00a0Messenger and WhatsApp and with images in Instagram. The development follows the chatbot ChatGPT\u2019s incredible popularity online. Tech giants Google, Microsoft, and Snapchat have all announced AI-powered platforms.<\/p>\n\n\n\n

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NEWS BY – CETOEX NEWS<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Cetoex News – Metaverse project Gamium has\u00a0announced\u00a0a partnership with social media giant Meta and telecommunications firm Telefonica. The partnership announcement caused Gamium\u2019s native token, GMM, to surge by 434% in… <\/p>\n","protected":false},"author":1,"featured_media":1198,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rank_math_lock_modified_date":false,"footnotes":""},"categories":[22],"tags":[41,44,120,504,505,506],"class_list":["post-1197","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-metaverse","tag-cetoex","tag-cetoex-news","tag-meta","tag-metas-partnership","tag-metaverse-token","tag-metaverse-token-by-434"],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/news.cetoex.com\/wp-content\/uploads\/2023\/03\/Meta-Planets-img-16x9-1-800x450-1.jpg","_links":{"self":[{"href":"https:\/\/news.cetoex.com\/wp-json\/wp\/v2\/posts\/1197"}],"collection":[{"href":"https:\/\/news.cetoex.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.cetoex.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.cetoex.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/news.cetoex.com\/wp-json\/wp\/v2\/comments?post=1197"}],"version-history":[{"count":1,"href":"https:\/\/news.cetoex.com\/wp-json\/wp\/v2\/posts\/1197\/revisions"}],"predecessor-version":[{"id":1199,"href":"https:\/\/news.cetoex.com\/wp-json\/wp\/v2\/posts\/1197\/revisions\/1199"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.cetoex.com\/wp-json\/wp\/v2\/media\/1198"}],"wp:attachment":[{"href":"https:\/\/news.cetoex.com\/wp-json\/wp\/v2\/media?parent=1197"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.cetoex.com\/wp-json\/wp\/v2\/categories?post=1197"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.cetoex.com\/wp-json\/wp\/v2\/tags?post=1197"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}