LOS ANGELES, California April 28 2021 – SuperWorld, the virtual world in augmented reality, today announced that it is expanding its endeavors to Latin America in partnership with Altered Ventures, an investment fund for game developers, esports initiatives, and emergent VR/AR platforms.
In SuperWorld, users can choose to acquire and develop over 64 billion virtual plots of land geographically mapped onto Planet Earth. Each plot of land in SuperWorld is a 100m x 100m polygon that corresponds to real-world space, upon which artists, entrepreneurs, educators, organizations and creatives of all kinds have the opportunity to build a better world.
Today, more than 60% of Latin America’s population of 650 million have access to the Internet, including more than 400 million smartphones (Census Data). The region remains one of the fastest-growing opportunity markets in the world for tech companies, startups and investors, while the potential to unleash trillions of dollars through blockchain in underserved areas is well-known.
The SuperWorld platform uses the ERC-721 standard of tradable assets on blockchain, meaning that each plot is a non-fungible token (NFT) — characterized by its digital scarcity as a collectible and wholly unique asset to buy, sell, trade, or hold. When a user buys property in SuperWorld, they acquire a unique and irreplicable piece of the Ethereum blockchain, along with monetization opportunities from digital commerce (NFTs), e-commerce, gaming, and advertising activity on their respective properties.
A Partnership Beyond Borders
Altered Ventures investment in SuperWorld will support the burgeoning metaverse and bridge both geographical and cultural divides by introducing the SuperWorld platform in Latin America. By empowering users to build community, cultivate creativity and promote the exchange of ideas and applications in one unified ecosystem, SuperWorld users can develop and create whatever they want - from AR and 3D animation to text, video, and spatial audio installations - anywhere in the world.
By expanding to Latin America, SuperWorld is, in effect, opening up the deep technology market to the rest of the world. Last month alone, NFTs including thousands of plots of SuperWorld real estate accounted for almost $200 million worldwide by volume, and the trend continues apace. As the NFT economy moves forward and the metaverse evolves, users in Mexico, Central and South America are spending more time interacting within this new digital space, and Altered Ventures believes that SuperWorld is the perfect platform to unite the digital community across the Americas, and beyond.
“I’m thrilled to be working with Mario Valle Reyes and Altered Ventures and its portfolio companies, and honored for the opportunity to bring SuperWorld to the Latin American audience. We look forward to working with select partners from around the world and Altered Ventures is helping us expand into this region” said SuperWorld Co-Founder and CEO Hrish Lotlikar. “Our mission is to help users build a better world, and this partnership will serve as the cornerstone for greater cross-cultural understanding and engagement by tapping into one of the world’s most compelling and emergent markets in blockchain technology and digital assets.”
According to Mario Valle Reyes, Founder and Managing Partner of Altered Ventures, “Our partnership with SuperWorld is not only exciting as a view toward the future, but it shows the vision and the forward-thinking they have beyond the traditional tech startups that only care for developed regions. Since 2016, Altered Ventures has been investing in indie game developers, esports talent and VR/AR projects, and I’m convinced that SuperWorld is the perfect platform to host the AR revolution.”
SuperWorld is the virtual world in augmented reality (AR). The SuperWorld virtual real estate platform takes the form of 64.8 billion non-fungible tokens (NFT) corresponding to real world space, from historical landmarks like the Great Wall to natural wonders like the Great Lakes and other iconic or personally meaningful locations. Any user in SuperWorld - from content viewers and collectors to developers and marketers - can buy and sell virtual real estate on the platform, with every plot of unowned property starting at 0.1 ETH.
Altered Ventures is an investment fund with offices in San Francisco and Mexico City founded in 2016. Altered Ventures invests in independent games, esports talent and interactive entertainment projects for digital platforms, including PC, game consoles and especially VR/AR. With 22 years of experience in the gaming industry and more than a decade in the public and private markets investment field, the company’s team offers investors a smart fast-track into the largest entertainment sector on the planet and gives entrepreneurs an innovative funding approach to bring their projects to fruition. To learn more, visit: www.venturecapital.game and follow @alteredventures on Twitter.