Gamium’s GMM token price has increased severalfold in the past 48 hours, from the time of the announcement of the handshake with Meta and Telefornica.
The evening of February 27, metaverse Gamium project announced agree in partnership with social networking giant Meta and digital telecommunications company Telefonica.
We’re delighted to announce our collaboration with industry leaders @Meta & @Telefonica through their Metaverse Activation Program.https://t.co/bl1iuRVxDi
[1/3] …$GMM #Metaverse #Web3 #WHO #Blockchain pic.twitter.com/YbywshNPVc
— Gamium (@Gamiumcorp) February 27, 2023
Within the framework of the signing, Gamium will coordinate with Meta and Telefonica to implement the “Metaverse Activation Program” to promote the application of metaverse, support and expand the Web3 startup. Accordingly, fledgling projects have access to proprietary technology provided by Meta AI, with the support of both Meta and Telefonica.
After the announcement, Gamium’s GMM token was like a “kite in the wind”, bouncing up more than 700% in the past 2 days, from a price of $0.00055 to $0.005. Currently, GMM is trading around the $0.0025 mark, with a market capitalization of $29 million. Users can find this token on KuCoin, Gate and Uniswap exchanges.
This is not the first time that Meta and Telefonica have entered the Web3. In the past, Meta had cherished to develop the stablecoin Diem as a global payment method, but it failed. Meanwhile, Telefonica has invested in Spanish exchange Bit2Me and started integrating crypto payments last year.