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A ‘very ambitious’ $100M Metaverse R&D hub is being built in Melbourne

“We're really designing a whole world,” Two Bulls founder James Kane said about the role his business will play in the yet to launch metaverse. Thailand based metaverse startup Translucia Global Innovation has partnered with the Australian software development firm Two Bulls and set aside an initial budget of $100 million to build a Metaverse Research and Development Center (MRDC) in Melbourne.Translucia is a subsidiary of art and entertainment company T&B Media Global which in October 2021 launched its “Translucia Metaverse” project, with a first stage investment of $283 million for the virtual world.Now, T&B are partnering with Two Bulls to build the MRDC to bring the project to life with a slated soft-launch for November this year.Two Bulls Founder and CEO James Kane told Cointelegraph that T&B undertook a worldwide search for a partner that could help realize the Translucia Metaverse project“There was an understanding there would need to be significant research and development,” he said. “It's a v
Coin Telegraph - 23rd Jun 06:06