Globe plans to explore the metaverse

The term “metaverse” is one of the most overused in the technology industry. Globe has expressed interest in exploring the metaverse, a virtual world where people can connect, interact, and even work together.

In March of this year, the company began using cryptocurrency through the finance app GCash. GCash will soon enable people to invest, trade, and transact tokens and various coins through the platform, in addition to allowing crypto investors to buy and pay directly from their GCash e-wallet.

Future Web 3.0 developments, on the other hand, are still being discussed within 917Ventures, Globe’s wholly-owned corporate venture builder. Ernest Cu, President and CEO of Globe, stated that there may be announcements on new incubated companies along this line.

This third-generation Internet will alter how people and organizations interact with the web. It is distinguished by data network decentralization and the absence of a governing body, allowing anyone to participate. It is also expected to push the adoption of artificial intelligence (AI), machine learning, and the Internet of Things (IoT) even further (IoT).

“The metaverse is something we’re interested in.” We’re investigating potential synergies. We’re going to different places. Web 3.0 is a completely new ecosystem. I believe it is prudent to thoroughly investigate the opportunities, risks, and viability of this industry. So we’re always studying,” Cu said at the company’s recent first-quarter media briefing.

917Ventures is committed to developing innovative solutions to everyday problems. It brings to life disruptive ideas in the fields of fintech, adtech, edutech, digital health, e-commerce, and entertainment.

As a member of the Globe Group, 917Ventures also supports the United Nations Sustainable Development Goals, particularly UN SDG No. 9, which emphasizes the importance of infrastructure and innovation as drivers of economic growth and development.

The company benefits from Globe’s 87.4 million mobile subscribers, 3.5 million home broadband customers, over 1.2 million landline subscribers, 150,000 enterprise partners, over 1 million distribution points, and access to Globe’s extensive asset base. This ensures that businesses can scale quickly and reach more customers.

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