Samsung Throws In $25M In South Korean Metaverse Startup DoubleMe

Samsung has invested $25 million in DoubleMe, a metaverse firm based in South Korea, after establishing their own Metaverse store dubbed Samsung 837X in January 2022. Some of South Korea’s largest corporations, such as Coentry Investment and NH Investment, have indicated significant financial support for DoubleMe. Furthermore, significant worldwide corporations such as Orange, T-Mobile, and Vodafone have lent their support to DoubleMe. Samsung, DoubleMe Join Forces Heeyoung Kim, Michael Kuczynski, and Albert Kim are the creators of DoubleMe. In 2015, the metaverse startup was founded. Its primary goal was to provide cutting-edge technologies for the smooth conversion of 2D to 3D videos. Without a doubt, DoubleMe is viewed as a little piece of the metaverse market puzzle. Everyone was captivated on DoubleMe when the business debuted TwinWorld, a metaverse platform focusing on Artificial Intelligence (AI) and Augmented Reality (AR). They expected it to become a behemoth in the crypto and Metaverse worlds. Since then, TwinWorld has attracted a lot of interest from potential users, partners, and investors. DoubleMe Focus On AR The startup’s main goal with AR is to create a synergy between the physical and virtual worlds. And Samsung’s significant finance is a huge aid in accelerating the company’s growth. The monies will be used to improve marketing, staffing, and product development, among other things. In addition, TwinWorld is ...