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Cryptocurrency News

A ‘very ambitious’ $100M Metaverse R&D hub is being built in Melbourne

06/23/2022

Less than a minute

2022.06.23 10:01

Thailand based metaverse startup Translucia Global Innovation has partnered with the Australian software development firm Two Bulls and set aside an initial budget of $100 million to build a Metaverse Research and Development Center (MRDC) in Melbourne.

Translucia is a subsidiary of art and entertainment company T&B Media Global which in October 2021 launched its “Translucia Metaverse” project, with a first stage investment of $283 million for the virtual world.