On Tuesday, the native token of Metaverse project Gamium (GMM) experienced a surge in price by 340%, reaching $0.0025 following the announcement of agreements with social media giant Meta (META) and telecommunications firm Telefonica (TEF). As revealed on Monday, the two firms will collaborate on the Metaverse Activation Program, a venture launched to foster and scale start-ups within the web3 industry.
Gamium is the first project to join Meta Reality Labs’ Accelerator Program, providing them access to expert advice and tailored technical support. This support will include using Meta AI technology and hardware from Meta Reality Labs, such as the highly acclaimed Meta Quest Pro. In addition to this invaluable guidance, Gamium will receive funding for its project. This is a remarkable opportunity for the team to propel their development and take their product to the next level.
Meta and Telefonica have ventured into the world of web3 before; Meta was the parent company of Diem, a firm working to create its cryptocurrency, while Telefonica invested in a Spanish exchange last year and allowed customers to purchase cryptocurrencies. Most GMN trades are carried out on Kucoin, Gate, and Uniswap. The token has achieved a market capitalization of $29 million, reaching an all-time high of $0.0106 in April 2022, according to CoinMarketCap.