Metaverse Company Improbable Sells Gaming Arm For $100M
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Improbable, the metaverse start-up, has revealed several developments and visions for 2024 following the sale of its games services subsidiary, MPG, for £76.5 million (approximately $100 million).
According to a statement, this positions the company as a significant player in shaping the future of the metaverse.
However, Improbable made several notable strides in the year leading up to the sale. A significant milestone included forming a partnership with Major League Baseball (MLB) to enhance their virtual ballpark, which saw the successful execution of three events and games throughout the year.
This comes amid Acumen Research and Consulting recently forecasting a $4 trillion expansion of the Metaverse market by 2032. This prediction is propelled by the widespread adoption of virtual and augmented reality technologies.
In a statement, Herman Narula, founder and CEO of Improbable, expressed his enthusiasm for the sale. He stated, “we are delighted to see MPG embark on its next chapter with Keywords.”
Furthermore, Narula outlines that Web3 remains a core focus for the company:
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