Two Bulls assists in building $450M metaverse platform Translucia

Melbourne digital product studio Two Bulls, part of Dept, is helping to create Translucia, a $4.5 billion metaverse platform containing infinite universes that share infrastructure, utilities, technology, hardware, and software.

According to Two Bulls, Translucia will “unlock new user experiences in a realm that bridges the real and virtual worlds, embracing opportunities to improve the health, well-being and prosperity of users.”

This partnership sees the introduction of new contributors including Sunovatech, Sygnum, Economics Design and Black Flame.

James Kane, CEO and founder at Two Bulls said the addition of new will bring vital capabilities to deliver the Translucia metaverse.

“The growing project team brings Translucia one step closer to reality as we break new ground in the metaverse,” Kane said.

“This project is bringing out the best in a talented and creative group of global developers. We’re thrilled to share exciting and empowering new opportunities for Translucia’s users soon.”

Kane told Digital Nation Australia that the platform will launch in 2025. He discussed the opportunities Web3 brings to organisations.

He said, "Web3 opens up a new way for businesses to engage with their audience on a global scale, offering opportunities to grow reach and accessibility.

"Additionally, Web3 unlocks new sectors of business that extend beyond the physical. Visual expression within the metaverse is a high-value proposition that extends the current 3D digital goods market."

Translucia has already secured significant backing, launching in September 2021 with nearly $420 million of investment that T&B Media are confident will deliver $4.5 billion of value as people embrace the metaverse.

In June 2022, Two Bulls was selected by Thai media giant T&B Media Global to participate in a $100 million metaverse R&D hub established in Melbourne, where they will apply their expertise in augmented and virtual reality technology.

Dr Jwanwat Ahriyavraromp, founder and CEO of T&B Media Global and founder of Translucia, said partnering with global experts would enable Translucia to integrate seamlessly with other metaverses.

He said, “These partners bring their unique expertise, talent and advanced technologies to helping Translucia achieve its goals.”

The four new partners are industry-leading specialists from their fields. Sunovatech will design a 3D virtual reality experience for Translucia using its exceptional Unreal Engine technology development and specialists.

The Singapore branch of Switzerland-based Sygnum will help establish Translucia’s financial structure.

Economics Design will work with Sygnum on the economic infrastructure for Translucia. The Singapore-based company will help set up the Tokenomics structure, or coin system, and develop Web 3.0, DeFi, GameFi projects and metaverse systems.

Black Flame, a leading creative company in China, will help to create digital assets including landscapes, avatars, architecture, environments, and holistic concepts, and will also contribute to Translucia’s story creation.

The newly announced partners join the project team that already includes Two Bulls and Pellar Technology.