Singapore-based technology startup vEarth Pvt Ltd is seeking partners in Malaysia to contribute to the development of the country’s smart city plan through its hybrid reality metaverse, vEarth.
The metaverse industry, set to be worth US$5 trillion (RM23.4 trillion) by the end of the decade, is at the core of vEarth’s ambitious plans.
Founder Dr Reid Lim, in an exclusive interview with SunBiz, said, the company is eager to establish partnerships with major corporations and smart cities in Malaysia to integrate their metaverse technology into the country.
“Now we are working with Cyberjaya on an MoU (memorandum of understanding) for their smart city. So we are looking into how we can integrate with Cyberjaya, on how we can put Cyberjaya into the metaverse,“ he disclosed.
He said that what sets vEarth apart from other metaverses is its utilisation of Global Positioning System (GPS) geolocation. Unlike traditional metaverses where users enter entirely fictional realms, vEarth aims to recreate the real world by using GPS technology to represent users’ physical locations.
Source: The Sun Daily