Business
JZZ Technologies, Inc. and TGI Subsidiary AdventGalaxy Form Metaverse-Based Media Platform Joint Venture
JZZ Technologies, Inc. and TGI Subsidiary AdventGalaxy Form Metaverse-Based Media Platform Joint Venture.
About this update from Ideal Group Of Companies Inc.
[{"type":"text","content":"Anderson, South Carolina--(Newsfile Corp. - September 12, 2022) - Active Lifestyle Media parent company JZZ Technologies Inc., (\"JZZ\" or the \"Company\") (OTC: JZZI), and AdventGalaxy, a wholly owned subsidiary of TGI Solar Power Group, Inc. (OTC: TSPG) (\"TGI\"), have entered into a Joint Venture agreement to form a metaverse-based media platform. The new venture, deemed XR Active Lifestyles, will share content, data and marketing opportunities which will be jointly managed by the two companies. TGI and JZZ each will own half of the new venture and share revenue on a 50/50 basis.Based in Florida, with locations in New York and New Jersey, ADVENT EXPO™ is a 3D/VR/AR/XR digital community being developed as a central meeting place and hub for important social interactions between people of different backgrounds and age groups, including active individuals. ADVENT EXPO™ is owned and operated by AdventGalaxy.This new JV will effectively increase the portfolio of total owned brands and increase their reach domestically and internationally. The total combined databases shared by the two companies will incorporate over 50 million user records.The JV between the two companies aims to develop a galaxy that will serve the audiences for Active LifeStyle Media's other digital properties in the metaverse and connect them to ADVENT EXPO's growing universe of digital experiences including 3D/VR/AR/XR. This new platform is expected in turn to broaden the reach across conferences, magazines, events, digital content/metaverse and data services.The metaverse is widely defined as an integrated network of 3D virtual worlds. The 3D/VR/AR/XR spaces all use forms of virtual technology to share content across different platforms including mobile devices, computers, TVs, and virtual reality devices. A galaxy is a type of world or environment within the metaverse themed around elements such as a geographic location or an event like a concert, tradeshow, game world, or other real or imagined space. No single platform holds exclusive access or ownership to metaverse properties which are connected by the digital backbone of the internet.The underlying technology of this platform allows for merchants, consumers, and large enterprises to be replaced by a virtual EXPO in the metaverse. ADVENT EXPO™ will cater to B2C+B2B+B2E=B2X, or simply st...