Expanded Reality Universe Company Spheroid won the investment commitment of $25 million from ABO Digital

It is reported that Spheroid, an extended reality universe company, announced that it had obtained a total investment commitment of 25 million US dollars from ABO Digital, headquartered in the Bahamas, which has also become the company’s strategic financing partner. Spheroid plans to use new funds to build tools based on the practical token Spheroid Universe (SPH), including the cross-platform programming language Spheroid Script and the cloud infrastructure development environment Spheroid Demiurge IDE, to further support the infrastructure development and expansion of Spheroid Universe, and to build low-cost tools for creators, programmers and designers in the AR/XR field. （Cointelegraph）

Interpretation of this information:

Spheroid, an extended reality universe company, has secured a total investment commitment of $25 million from ABO Digital, an investment management company based in the Bahamas. This marks ABO Digital’s strategic financing partner. With this investment, Spheroid plans to develop new tools based on the practical token Spheroid Universe (SPH). The tools include the cross-platform programming language Spheroid Script and the cloud infrastructure development environment Spheroid Demiurge IDE. These tools will support the infrastructure development and expansion of Spheroid Universe, and will build low-cost tools for creators, programmers, and designers in the AR/XR field.

Extended reality (XR) is the fusion of virtual reality (VR) and augmented reality (AR) where users can interact with a combination of digital and physical world. As XR gets mainstream attention, the market is forecasted to grow by $225 billion by 2025. Spheroid Universe’s vision is to be the go-to platform for creative professionals, designers, and programmers in the XR field. Spheroid Universe’s unique selling point is the use of its own cryptocurrency, SPH, which will incentivize creators with tokens for creating content for the platform.

Spheroid’s strategy with SPH tokens is not only innovative but also potentially disruptive. The use of cryptocurrency in this manner incentivizes user activity on the platform. With SPH tokens, creators will have an even greater incentive to contribute to the platform, which leads to more adoption of the Spheroid Universe platform as a whole. This approach will enable Spheroid Universe to scale faster and potentially take on established companies in the XR sector.

In conclusion, Spheroid’s partnership with ABO Digital signals the company’s commitment to bringing its vision of the extended reality universe to life. With the new investment, Spheroid Universe will continue to develop better tools and infrastructure for its creators while inspiring innovation in the AR/XR space. Spheroid Universe’s use of SPH tokens is potentially disruptive and could offer an edge in a market with increasing competition.