Gamium's native token, GMM, has increased by 340% to $0.0025 on Tuesday as a result of the project's announcement of agreements with Telefonica and social media company Meta (META) (TEF).
According to a Monday release, Gamium will collaborate with Meta and Telefonica on the Metaverse Activation Program, a project designed to support and scale start-ups in the web3 sector.
Startups will get access to exclusive technology made available by Meta AI and receive financial assistance from both Meta and Telefonica.
Both Meta and Telefonica had previously entered the Web3 space; Meta was the parent company of Diem, a business that had intended to create its own cryptocurrency. While doing so, Telefonica disclosed that it had invested in a Spanish exchange that allowed for the purchase of cryptocurrencies.
On Kucoin, Gate, and Uniswap, the majority of trade volume across GMN trading pairings has occurred. According to CoinMarketCap, its market value is $29 million, and its all-time high was $0.0106 in April 2022.