SuperWorld, the virtual world in Augmented Reality (AR), announced that it has joined the Outlier Ventures portfolio of future-forward Web 3.0 companies. With this partnership, SuperWorld will also join other fast-growing, elite startups for the Base Camp Open Metaverse cohort a three-month intensive program with a world-renowned investor and mentor ecosystem that includes some of the biggest names in deep technology, including Fetch, Ocean, Boson, Dia and Enigma.
SuperWorld virtual real estate lets users buy, sell, and explore over 64 billion virtual plots of land geographically mapped onto Planet Earth. Each plot of land in SuperWorld is a 100m x 100m polygon (about the size of a large city block) that corresponds to real-world space.
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Hrish Lotlikar, SuperWorld’s CEO & Co-Founder says, “I am excited to announce our partnership with Outlier Ventures and to work with their team to accelerate our vision of leveraging AR/VR, AI, and distributed ledger technologies to build a better world. We share a mutual belief in the open metaverse thesis and I am looking forward to working with their world-class portfolio of companies.”
The SuperWorld platform uses the ERC-721 standard of tradable assets, meaning that each plot of virtual land is a non-fungible token (NFT). So, when users buy property in SuperWorld, they acquire a unique and irreplicable piece of the Ethereum blockchain, along with monetisation opportunities from e-commerce, data, gaming, and advertising activity on their respective properties.
By incorporating resources and support from Outlier Ventures, SuperWorld is poised to be at the centre of the AR industry (an estimated $ 340.16 billion by 2028), while both organisations gain immeasurable value and traction through accelerating token networks, advancing blockchain technology and creative collaboration in the ever-expanding metaverse.