Gamium token price jumps 450% after sealing deals with Telefonica and Meta

• Gamium is a metaverse project.
• It provides users with a digital identity to use across the internet, blockchains, and the metaverse.
• The project has today announced partnerships with Meta and Telefonica.

The price of GMM, the native token of the metaverse project Gamium, has shot through the roof after the project announces sealing deals with social media giant Meta (META) and telecommunications giant Telefonica (TEF). The token has hit a daily high of $0.004539 after surging by more than 450% in hours.

Although the token is little known within the crypto space, its blockchain is an upcoming metaverse project that aims to change the way humans interact by introducing digital identity. Besides being traded on secondary crypto markets, the GMM token is used for Metaverse governance through the Gamium DAO, Avatar governance, launching and managing community-owned cities, applying for specific metaverse jobs, receiving exclusive NFTs or token airdrops, and accessing exclusive events.

Gamium’s deal with Meta and Telefonica

As part of the deal, Gamium will work with Telefonica and Meta on a project called Metaverse Activation Program, which is an initiative that was started to help in scaling up startups within the Web3 space. Through the program, startups will be able to access propriety technology provided by Meta AI and also receive commercial support from both Telefonica and Meta.

It is not the first time that Meta is investing in the metaverse since it has invested heavily in the metaverse. Meta was also the parent company of Diem, which planned to create its own cryptocurrency.

Telefonica on the other hand recently announced that it enabled crypto purchases and has also invested in a Spanish cryptocurrency exchange.

Gamium’s partnership will probably spur increased GMM trading activity besides an increase in the token’s value. GMM currently has a market capitalization of about $32 million.