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IQST - iQSTEL Announces Metaverse Solution Targeting $61 Billion Market
NEW YORK, March 21, 2023 /PRNewswire/ -- iQSTEL Inc. (OTC-QX: IQST) today announced entering into a Joint Venture (JV) with GOTMY to accelerate the launch of
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[{"type":"text","content":"NEW YORK, March 21, 2023 /PRNewswire/ -- iQSTEL Inc. (OTC-QX: IQST) today announced entering into a Joint Venture (JV) with GOTMY to accelerate the launch of a turnkey, white label metaverse solution for iQSTEL's telecommunication customers. The metaverse market size by revenue is estimated to currently be worth $61.8 billion and expected to grow to $426.9 billion by 2027.\niQSTEL currently delivers over $90 million in annual base revenue from its telecommunications offerings while expanding upon its base to include a comprehensive suite of new services designed to satisfy basic human needs in a modern world: ubiquitous communications; financial freedom, and clean, affordable mobility.\niQSTEL's telecommunications division is already profitable and management expects the EV and Fintech divisions to generate new profit streams this year.\nGOTMY has expanded its personalized live video marketplace and platform offered through an app available for iPhone, Android and PC enabling content creators and internet influencers to host and monetize online events. GOTMY now offers a white label metaverse solution empowering brands, large and small, to host 3D events where participants can interact with the brand and even buy from the brand in an online store without downloading any app or using a wallet. Learn more about GOTMY here.\nThrough the JV with GOTMY, iQSTEL will offer its telecommunication carrier clients a white label solution enabling telecommunication carriers to interact with their customers (end users, and enterprises) through a metaverse platform.\nThe iQSTEL white label metaverse solution developed in partnership with GOTMY will be tailored to provide telecom carriers with a distinctive and immersive customer experience. In line with GOTMY's mission to offer universally accessible experiential spaces, the iQSTEL solution for telecom carriers is intended to accommodate all mobile phone users, not just those with high-end VR headsets.\nJose E. Puente, CEO of GOTMY, expressed his enthusiasm for the collaboration: \"We are eager to initiate this joint venture with iQSTEL, introducing our technology to the telecommunications market. We firmly believe that our white label metaverse will enable telecom carriers to provide exceptional and engaging experiences for their customers, while ensuring that these experiences are accessible...