Vancouver-based Alpha Metaverse Technologies announced recently that its wholly owned subsidiary Shape Immersive has partnered with SPACE Metaverse on an exciting new development in—you guessed it—the metaverse.
Alpha is a publicly traded company holding a portfolio of assets in gaming, Metaverse technology, and studio services which focuses on emerging industries such as e-sports, mobile gaming, and e-commerce.
Founded in Vancouver 2018 by Alex Chuang and Dan Burgar, Shape is a full service metaverse studio “building the future of web3 gaming and virtual retail experiences for Fortune 500 companies and beyond” through non-fungible tokens, extended reality, and game production.
The startup was acquired by Alpha earlier this year.
“Covid-19 greatly accelerated the adoption of e-commerce and we believe SPACE Metaverse will help transform the ecommerce experience of many brands and consumers once again,” said James Basnett, CEO of Shape.
He believes the partnership will “take digital commerce to the next level.”
SPACE, founded in 2021, aims to provide a powerful platform that allows users to design custom virtual rooms in addition to buying and selling their products and services. SPACE’s goal is to create a metaverse that provides consumers with a “seamless and straightforward virtual experience for shopping, events, gamification, and other fun social activities without physical borders.”
SPACE CEO Batis Samadian says Shape “has been important in teaching companies and leaders about power of the metaverse.”
Through the partnership, Shape will be a preferred vendor of SPACE and will create retail stores and ecommerce experiences on the SPACE platform for leading brands who are entering the metaverse.
SPACE’s investors include a number of web3 technologies including Vancouver’s own DapperLabs. Dapper Labs was founded in Vancouver in 2018 and is one of BC’s crypto startups to watch. The company’s current partners include the NFL, NBPA, LaLiga, Warner Music Group, Ubisoft, and UFC.