Alpha Metaverse Technologies Inc. announced that Alpha, via it's wholly owned subsidiary, Shape Immersive, has entered into a partnership with SPACE Metaverse to assist SPACE in developing ecommerce experiences in the metaverse. SPACE, founded in 2021, is a leader in the metaverse commerce world and aims to provide a powerful platform that allow users to design and create their own custom virtual rooms in addition to buying and selling their products and services. SPACE's goal is to create a metaverse that provides consumers with a seamless and straightforward virtual experience for shopping, events, gamification, and other fun social activities without physical borders.

Shape will be a preferred vendor of SPACE and will create retail stores and ecommerce experiences on the SPACE platform for leading brands who are entering the metaverse. Since being founded in 2018, Shape has been extremely successful in building award-winning brand and retail experiences in the metaverse and accumulated an impressive portfolio of leading brands, including RedBull, Coca Cola and RTFKT (acquired by Nike). SPACE's investors include a number of the most web3 technologies including CoinFund, DapperLabs, and AnimocaBrands.

CoinFund boasts a portfolio of over 60 investments. Digital Dapper Labs is the creator of NBA Top Shot, as well as a number of other blockchain-based games. Animoca Brands is the leading VC blockchain game portfolio.

Given the rapid growth of consumers entering the metaverse, SPACE is focused on providing tools for users to design virtual goods for purchase, and to provide a platform that allow users to monetize their virtual assets and creations. Together, Shape will work alongside SPACE to create and extend the value of SPACE to support it in becoming the leading ecommerce tool in the metaverse.