Lamina1 and Another World Merge: Uniting Forces in the Metaverse

by Giorgi Kostiuk

2 years ago

Lamina1, a metaverse project co-founded by Neal Stephenson, has announced a merger with South Korean web3 company Another World. This move aims to expand metaverse capabilities and strengthen its global market position.

Origins and Objectives of the Merger

The metaverse project Lamina1, founded by 'Snow Crash' author Neal Stephenson, confirmed its merger with Another World. This was made possible through an 'all token deal' acquisition by its parent company Open Metaverse Limited. Another World, originally developed on the Kaia blockchain, will become part of the Lamina1 ecosystem.

Community Migration Plans

In the coming weeks, Lamina1 plans to migrate Another World's community, which includes over 500,000 token holders, investors, and metaverse builders, into the L1 ecosystem through token exchanges and targeted onboarding. Another World's staff will join Lamina1 to develop the Lamina1 Hub platform.

Another World token holders will have 9 months to convert their tokens to L1 and start activating within the L1 ecosystem.

Emerging Projects and Future Opportunities

Over the past two years, Another World has developed various on-chain and open metaverse experiences, including the 'GROUNDI' app with over 150,000 downloads, the exciting racing game 'NO ONE ESCAPE', and Another Arcade, which ranked in the top 10 on Google Play. The merger opens new opportunities for further developing these initiatives.

Despite a decline in general interest since Meta's rebranding, Lamina1 and other projects continue to advance, hoping for the metaverse's growth. The merger with Another World solidifies Lamina1's position as a leader in this innovative field.

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