• Spheroid Universe (Spheroid) has secured an investment commitment from ABO Digital of $25 million.
• This funding will allow Spheroid to continue developing and scaling the infrastructure within Spheroid Universe, such as Spheroid Script and Spheroid Demiurge IDE.
• ABO Digital is a digital asset investment firm that invests in cryptocurrency projects globally.

Investment Commitment to Spheroid

Rotterdam, Netherlands, 21st February, 2023 – Chainwire: Spheroid Universe (Spheroid) has secured an investment commitment from ABO Digital for its utility token SPH – a significant milestone for the extended reality metaverse company.

Funding Details

The total amount raised was $25 million which will be used to continue building tools and capabilities within Spheroid Universe, such as the cross-platform programming language developed to speed up and reduce the cost of developing AR/XR applications – „Spheroid Script“, and “Spheroid Demiurge IDE” – a cloud-based integrated development environment for programmers and designers who work together on AR/XR projects.

About ABO Digital

ABO Digital is a digital asset investment firm based in the Bahamas that invests in cryptocurrency projects globally. They are part of the Alpha Blue Ocean group which has executed more than $2bn in financing commitments for publicly listed companies across the globe.

About SPH Token

SPH is the native token of the Spheroid ecosystem that fuels all activities of this platform, including exchanging Spaces (virtual lands of the universe), advertising in XR, placing content, and various other services. Moreover, it powers “Spheroids Earth” – an open global project for creating Earth 3D Digital Twin.

Conclusion

This financing commitment from ABO Digital marks a major milestone for Spheriod as they plan on using these funds to continue building tools and capabilities within their universe. Managing Director Andrea De Marco expressed her excitement about working with ABO Digital going forward while Amine Nedjai from ABO commented positively on this agreement stating that he believes increased demand will be seen over time due to their efforts towards enabling creators in AR/XR space