Los Angeles-based stealthmode startup Livevideo.ai, which specializes in livestreaming technology, has been acquired by Miami-based eMetaverse.ai, a company focused on building the metaverse, a virtual world where users can interact with each other and digital objects in real-time. The acquisition is a strategic move for both companies, as it brings together Livevideo.ai’s cutting-edge livestreaming technology with eMetaverse.ai’s vision for the metaverse.
According to industry sources, the combined company will be led by the founder of MySpace, the first social network to have over 100 million users. This is a significant development, as the founder’s experience in building one of the first successful social networks will be invaluable in helping the new company navigate the competitive landscape. The move is also expected to accelerate the development of the metaverse, which has been gaining momentum in recent years as technology advances and more people seek out virtual experiences.
The acquisition is a clear indication of the growing interest in the metaverse, and the potential it holds for the future of online interactions. As the metaverse continues to evolve, the combination of Livevideo.ai’s technology and eMetaverse.ai’s vision will be key in creating immersive and interactive experiences for users. The new company will be well-positioned to take advantage of the opportunities that the metaverse presents and will likely become a major player in the space.