Leading digital solutions provider Globe has expressed interest in exploring the metaverse, where people can connect, interact and even work together virtually.
The company started with cryptocurrency through finance app GCash in March this year. Aside from allowing crypto investors to buy and pay directly from their GCash e-wallet, GCash will also soon enable people to invest, trade, and transact tokens and various coins through the platform.
On the other hand, future developments under Web 3.0 are still being discussed within 917Ventures, Globe’s wholly-owned corporate venture builder. Globe President and CEO Ernest Cu said there might be announcements on some new incubated companies along this line.
This 3rd-generation Internet will change the way people and organizations use the web. It is characterized by the decentralization of data networks and the absence of a governing body, allowing anyone to participate. It is also expected to further push the adoption of artificial intelligence (AI), machine learning, and the Internet of Things (IoT).
“The metaverse is something that we have an interest in. We’re looking at where the synergies would lie. We’re exploring various places. Web 3.0 is a very new ecosystem. I think it behooves one to completely examine the opportunities, the risks involved, and if this will become a lasting industry. So we’re constantly studying,” Cu said at the company’s recent Q1 media briefing.
917Ventures is dedicated to creating innovative solutions that address everyday challenges. It makes ideas ripe for disruption come to life in the fields of fintech, adtech, edutech, digital health, e-commerce and entertainment.
Being part of the Globe Group, 917Ventures also supports the United Nations Sustainable Development Goals, particularly UN SDG No. 9, highlighting the roles of infrastructure and innovation as crucial drivers of economic growth and development.
The company has the unique advantage of leveraging Globe’s customer base of 87.4 million mobile subscribers, 3.5 million home broadband customers, over 1.2 million landline subscribers, 150,000 enterprise partners, over 1 million distribution points, and access to Globe’s rich asset base. This ensures that ventures can scale fast and reach more consumers.