As part of a collaborative effort to promote esports in Southeast Asia, metaverse company Translucia has acquired a sizable share in Thailand-based Infofed.
Despite the fact that the deal’s magnitude was kept secret, it is believed to be in the USD eight-digit area.
For game developers, consumer brands, and esports communities, Infofed combines both online and offline channels to offer solutions. Under Thai entertainment giant T&B Media Global, Translucia is a metaverse developer and hub.
In an effort to establish Thailand as a regional centre, the two businesses intend to establish an esports boot camp. For Translucia’s metaverse, they are also aiming to create esports content.
Infofed secured pre-series A investment in 2019 to support its growth in Southeast Asia. By 2025, it wants to lead the esports sector in the area.
Translucia was introduced in September 2021 by T&B Media Global with an initial investment of US $260 million. It collaborated with the Swiss digital asset bank Sygnum earlier this month to raise $300 million in hybrid equity-NFT capital.
