Transmira is a web3 firm based in North Carolina, USA, and develops technology, products and services for clients including businesses, brands and creators in a one-of-a-kind real-world metaverse platform called OMNISCAPE. This digital metaverse features city-scale digital twins, virtual goods monetization and the seamless blend of augmented and virtual reality. Transmira was founded by Robert Rice and its innovative and highly realistic city-scale digital twins offer immersive experiences for both brands and users.
nChain on the other hand, is a leading global provider of blockchain technology, IP licensing and consulting services. Its services reach global clients and power several industries including gaming, supply chains and finance. Its solutions are defined by a purpose-driven team whose coming together is meant to address some global challenges and create a social impact to transform the world from web3 to web3 systems. Currently, nChain has about 2 800 granted and pending patents for its innovations. The firm is the developer behind the Bitcoin SV Node Software, Kensei and Teranode among others earning the firm a vote among the Top 100 Most Innovative Firms in the world.
In a recent development, nChain has announced that it is investing $4 million into Transmira in exchange for 20% equity in the firm. This investment follows a strategic partnership that was formed back in February between the 2 firms. Transmira focuses on utility, functionality and commerce to enable brands and other clients exchange value in a secure, trusted and authenticated way.
Christen-Ager Hanssen, nChain’s CEO, has said that this is an exciting place to be in As Transmira is an agile and forward-thinking company for nChain to invest in and diversify its portfolio. Hanssen also indicated that nChain plans to be very active in the metaverse in the coming days, having allocated research and development resources to this venture with the aim of shaping the industry and creating innovative solutions.
Robert Rice, who also doubles as Transmira’s CEO, has expressed that partnering with nChain gives his firm a competitive advantage as Transmira is the only company that offers Augmented reality and Virtual reality as a single elegant solution. He also said that the partnership gives the firm all the knowledge and resources to actualize a robust solution.
With the metaverse ecosystem projected to hit a total worth of $13 trillion by the year 2030. The number of global users is set to hit 5 billion users over the same period making the sector very lucrative. The collaboration between Transmira and nChain is therefore poised to pioneer the transformation of web3 to enable entire industries, brands and users to create value, utility and monetization of the new metaverse economy.
