SUPERWORLD ENTERS LATIN AMERICA IN PARTNERSHIP WITH ALTERED VENTURES

SuperWorld, the virtual world in augmented reality, is expanding to Latin America in partnership with Altered Ventures, an investment fund for game developers, esports initiatives, and emergent VR/AR platforms.

In SuperWorld, users can choose to acquire and develop over 64 billion virtual plots of land geographically mapped onto Planet Earth. Each plot of land in SuperWorld is a 100m x 100m polygon that corresponds to real-world space, upon which artists, entrepreneurs, educators, organizations and creatives of all kinds have the opportunity to build a better world. 

Today, more than 60% of Latin America’s population of 650 million have access to the Internet, including more than 400 million smartphones (Census Data). The region remains one of the fastest-growing opportunity markets in the world for tech companies, startups and investors, while the potential to unleash trillions of dollars through blockchain in underserved areas is well-known.

The SuperWorld platform uses the ERC-721 standard of tradable assets on blockchain, meaning that each plot is a non-fungible token (NFT) — characterized by its digital scarcity as a collectible and wholly unique asset to buy, sell, trade, or hold. When a user buys property in SuperWorld, they acquire a unique and irreplicable piece of the Ethereum blockchain, along with monetization opportunities from digital commerce (NFTs), e-commerce, gaming, and advertising activity on their respective properties.

A Partnership Beyond Borders

Altered Ventures investment in SuperWorld will support the burgeoning metaverse and bridge both geographical and cultural divides by introducing the SuperWorld platform in Latin America. By empowering users to build community, cultivate creativity and promote the exchange of ideas and applications in one unified ecosystem, SuperWorld users can develop and create whatever they want – from AR and 3D animation to text, video, and spatial audio installations – anywhere in the world. 

By expanding to Latin America, SuperWorld is, in effect, opening up the deep technology market to the rest of the world. Last month alone, NFTs including thousands of plots of SuperWorld real estate accounted for almost $200 million worldwide by volume, and the trend continues apace. As the NFT economy moves forward and the metaverse evolves, users in Mexico, Central and South America are spending more time interacting within this new digital space, and Altered Ventures believes that SuperWorld is the perfect platform to unite the digital community across the Americas, and beyond.

“I’m thrilled to be working with Mario Valle Reyes and Altered Ventures and its portfolio companies, and honored for the opportunity to bring SuperWorld to the Latin American audience. We look forward to working with select partners from around the world and Altered Ventures is helping us expand into this region” said SuperWorld Co-Founder and CEO Hrish Lotlikar. “Our mission is to help users build a better world, and this partnership will serve as the cornerstone for greater cross-cultural understanding and engagement by tapping into one of the world’s most compelling and emergent markets in blockchain technology and digital assets.”

According to Mario Valle Reyes, Founder and Managing Partner of Altered Ventures,

“Our partnership with SuperWorld is not only exciting as a view toward the future, but it shows the vision and the forward-thinking they have beyond the traditional tech startups that only care for developed regions. Since 2016, Altered Ventures has been investing in indie game developers, esports talent and VR/AR projects, and I’m convinced that SuperWorld is the perfect platform to host the AR revolution.”

Notable investors and advisors in SuperWorld include: Draper Goren Holm, SOSV, Capital Factory and Altered Ventures; Stephen Wolfram (creator of Mathematica and Wolfram Alpha), Bob Metcalfe (Inventor of Ethernet & Metcalfe’s Law), Robert Scoble (author, futurist), Phil Rowley (Head of Futures at Omnicom Group) and Nitin Gaur (Head of Digital Assets at IBM).

To learn more, visit www.superworldapp.com 

AYO.NEWS says:

Is there enough space in the metaverse for SuperWorld and Upland? And then, lets not forget the non-real world based digital worlds of The Sandbox and similar… but hey, there are more people on the planet every day, and plenty of them are looking for alternative ways to express themselves and generate income, so maybe Earth itself isn’t big enough? Which will be the first platform to expand to the Moon and Mars? Exciting times.