SPACE is getting fresh impetus to speed up the evolution of its "commerce metaverse" with the addition of three new key team members who bring extensive experience in the areas of video game development and blockchain
The idea of the Metaverse really hit the mainstream in 2021 as people began to embrace the idea of living within interconnected virtual worlds where they can meet and interact with other uses. With its commerce metaverse, SPACE wants to be the "economic glue" that connects these various worlds in the sphere of social commerce.
SPACE is building a project where users can design and build their own virtual commerce spaces and sell art, fashion items, music, games and more. It provides all the tools necessary for users to create a shop, gallery or music venue, for example, where they can display virtual goods they wish to sell. Point of sale tools are delivered by Stripe.
Once a space has been created, users can enter them using a virtual reality headset or through SPACE's desktop and mobile apps. One of its best features is spatial audio, allowing users to see and hear other users while browsing through the various venues. People represent themselves through avatars
SPACE launched its Early Access Alpha last year and already counts more than 15,000 users. A number of existing spaces can be accessed, including amphitheaters, concert halls, aircraft hangars, motor shows, art rooms and music rooms.
SPACE's new hires include Call of Duty co-founder Chance Glasco, who will be tasked with directing its product strategy, and Antonio Molina, who was previously associated with the games developer CD Projekt RED and will act as SPACE's project lead. Also joining the team is Felix Mago, the co-founder of Dash NEXT, who has been hired as the company's new Blockchain lead.
SPACE founder and Chief Executive Batis Samadian welcomed the new hires, saying they'll add their skills in blockchain and games development to the original team's experience in crypto, e-commerce and VR.
The new hires underscore the rising convergence between commerce and gaming within the Metaverse, and will enable SPACE to deliver a higher quality product, the company added.
The new team members join SPACE just weeks after it closed on a $7 million funding round that saw participation from investors including Animoca Brands, Coinfund, Dapper Labs, Digital Currency Group, LD Capital, Ghaf Investments and HOF Capital.
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