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Its native GMM token jumped 340% to $0.0025 on February 28 after the Metaverse project Gamium announced a partnership with US social media giant Meta and Spanish telecom company Telefonica. .
GMM rose significantly. (Trade View)
Gamium will participate in the Metaverse Activation Program launched by Meta and Telefónica to support startups in the Web3 industry, according to a February 27 announcement.
Participating startups will have access to proprietary technology provided by Meta AI and receive support from Meta and Telefónica.
Neither Meta nor Telefónica are new to Web3, with Meta being the parent company of Diem, which is developing its own cryptocurrency. Meanwhile, Telefónica announced last year that they had invested in the Spanish exchange, making it possible to buy cryptocurrencies.
The majority of GMM trading is done on KuCoin, Gate, and Uniswap. According to CoinMarketCap, it has a market cap of $29 million (about ¥4 billion), reaching a record high of $0.0106 in April 2022.
｜Translation: coindesk JAPAN ｜Editing: Toshihiko Inoue ｜Image: TradingView ｜Original: Metaverse Token Gamium Surges 340% After Meta and Telefonica Partnership Announcement
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Metaverse related GMM tokens up 340% ──In response to announcement of partnership with Meta etc. | coindesk JAPAN | Coindesk Japan first appeared on Our Bitcoin News.
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