MetaWorks Platforms Inc. has announced that it has entered into a definitive agreement to acquire the assets of Apex VR Holdings Inc., including its UtopiaVR.com Metaverse Platform and AI avatar assets. This acquisition is seen as a significant milestone for MetaWorks Platforms as it aims to strengthen its position in the Web3 space.
The agreement includes the acquisition of UtopiaVR’s Web3 business metaverse platform, Chat GPT-powered AI avatar technology, domain portfolio, and a patent-pending IP technology covering metaverse haptics. The acquisition will also accelerate MetaWorks Platforms’ vision to enhance fan and user engagement in various industries, such as movies, music, and education.
MetaWorks Platform president, Scott Gallagher, expressed excitement about the transaction, stating, For metaverse platforms and Web3 technologies to truly scale, they must be accessible, frictionless, and drive real value. He further highlighted the accessibility of the UtopiaVR metaverse platform, which can be accessed from any smartphone, tablet, or PC worldwide, without the need for expensive headsets or additional devices. By leveraging the Chat GPT-powered AI avatar technology, MetaWorks Platforms aims to create immersive metaverse experiences that generate real revenue in industries like films, music, and education.
MetaWorks Platforms is an award-winning Web3 company that owns and operates blockchain platforms in the entertainment technology space. It empowers Fortune 5000 brands to create and monetize content for their communities, facilitating their transition to Web3. The company operates movie distribution platforms Vuele.io and MusicFX.io, as well as a fan engagement platform that uses Web3 technologies to strengthen connections between fans and artists.
For more information about MetaWorks Platforms and its offerings, interested individuals can visit the company’s official website at www.MetaWorksPlatforms.io.
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