Thai Translucia Joins Sunovatech India For Metaverse Ecosystem Worth $3 Bn

Translucia, a subsidiary of T&B Media Global (Thailand) on Wednesday partnered with immersive and Extended reality company Sunovatech India, along with other global partners, to build a ecosystem worth $3 billion.

Specializing in 3D modeling and rendering design, Sunovatech will act as a production hub for building 3D assets, environments and modules of the .

"Sunovatech contribution is critical as the talent from India will bring in quality, speed of production, cost efficiency, and commitment," said Dr. Jwanwat Ahriyavraromp, Founder and CEO of T&B Media Global and Founder of Translucia.

Sunovatech focuses on virtual and augmented reality applications and content development and has a portfolio of successfully delivering over 650 projects across the world.

"We will bring in production speed, finest processes of the with harmonised international standards and a managed production base in India," said Rishi Ahuja, Founder, Sunovatech.

In this global alliance, other partners include Sygnum world's first digital asset bank and the first to offer secure "custody" digital banking, Two Bulls, a Metaverse R&D Centre in Melbourne and Black flame.

Sunovatech will design a 3D virtual reality experience for Translucia.

Translucia aims to develop an 'infinite universe' capable of interconnectivity with other metaverses leveraging Web 3.0 capabilities.

The Translucia universe will have shared infrastructure, utilities, technologies, hardware and software.

"Early next year, we'll reveal Translucia's uniqueness in our virtual experience launch, letting interested parties get a glimpse of Translucia for the first time," said Ahriyavraromp.

--IANS

na/dpb

 

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

RECENT NEWS

Revoluts Australian Banking Licence Game Changer

Revolut has spent much of its life insisting that it is more than a bank. In Australia, it has now decided that becoming... Read more

The AI Bank Is Coming, But Who Controls The Risk?

Artificial intelligence is no longer something banks discuss as a distant possibility. It is already working behind the ... Read more

ClearBank UK Profit Leads To European Growth

ClearBank has spent much of the past decade building the technology and regulatory infrastructure needed to challenge so... Read more

Bank Of London Continues To Rebuild

ClearBank’s progress shows that modern clearing and banking infrastructure can become a sizeable and profitable busine... Read more

JPMorgan's Berlin Moment: Chase Takes On Europe

There is something quietly symbolic about JPMorgan Chase choosing Berlin as its gateway into continental Europe. In a fo... Read more

What Strategy's Bitcoin Sale Really Tells Us

There is a moment in every bull run when the narrative starts to fray. Not with a crash, not with a scandal, but with so... Read more