Spacenet Makes a Second Strategic Investment in String Metaverse Limited after Billmart.com
Mumbai, India – Spacenet Enterprises India Limited (NSE: SPCENET), following its strategic investment in BillMart.com, a Mumbai-based bill discounting fintech platform, has boldly positioned itself at the forefront of innovation with a strategic acquisition poised to reshape the landscape of digital entertainment. In a game-changing move, the company has secured a significant stake in String Metaverse Limited, a cutting-edge Web3.0, Esports, Real Money Games, Casual Games platform that promises to redefine the future of interactive entertainment.
This visionary investment underscores Spacenet's commitment to staying ahead of the curve and seizing emerging digital opportunities, solidifying its place as a dynamic force in the ever-evolving world of Esports, Real Money Games, and Casual Games. String Metaverse Limited, with its presence in India, Hong Kong, and Gift City, is at the forefront of expanding its esports platform across India, the Middle East, South East Asia, and Europe.
The company has recently launched a dedicated platform, https://esports.stringmetaverse.com/, designed to empower esports players, streamers, and influencers, enabling them to actively participate and generate revenue streams. With the esports industry poised for exponential growth, this investment reflects Spacenet's forward-thinking approach and commitment to innovation.
The timing of this strategic move couldn't be more opportune, as the recent Lumeki report suggests that the Indian gaming industry is on a trajectory to achieve remarkable growth. By 2028, the digital gaming industry is projected to reach a staggering ₹62,000 Crores, more than double the ₹26,000 Crores recorded in 2023.
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