• Latest
  • Trending
Africa’s pioneer metaverse to launch $Ubuntu, virtual token

Africa’s pioneer metaverse to launch $Ubuntu, virtual token

February 1, 2024
Orange Egypt partners with mnGm to introduce gold trading via mobile wallets

Orange Egypt partners with mnGm to introduce gold trading via mobile wallets

September 26, 2025
BII injects $20 million into Acumen initiative targeting Africa’s off-grid communities

BII injects $20 million into Acumen initiative targeting Africa’s off-grid communities

September 26, 2025
PesaLink and Tendepay join forces to digitise enterprise payments in Kenya

PesaLink and Tendepay join forces to digitise enterprise payments in Kenya

September 26, 2025
How Africa’s Gen Z founders are building startups before graduation

How Africa’s Gen Z founders are building startups before graduation

September 26, 2025
YouTube now lets viewers turn off video end screens

YouTube now lets viewers turn off video end screens

September 26, 2025
Apple iPhone 18 Pro rumours: Design, performance, and camera upgrades

Apple iPhone 18 Pro rumours: Design, performance, and camera upgrades

September 26, 2025
South African investment giant raises caution on Bitcoin ETF risks

South African investment giant raises caution on Bitcoin ETF risks

September 26, 2025
OpenAI’s ChatGPT Pulse now available for Pro users

OpenAI’s ChatGPT Pulse now available for Pro users

September 26, 2025
MSport 2025

MSport 2025: Nigeria’s #1 Sports Betting Site, Powered by Chelsea & BVB

September 25, 2025
MNT-Halan introduces Egypt’s first secure lending solution via Halan App

MNT-Halan introduces Egypt’s first secure lending solution via Halan App

September 25, 2025
Your one-stop tech hub! Get the latest updates on AI, cybersecurity, fintech, and emerging technologies.
  • Tech News
    • Africa Tech
    • Global Tech
    • Tech with Pelumy
    • Tech Careers
    • Tech TV
    • General News
    • How To
    • Reviews
  • Cryptocurrency
  • Fintech
  • Startups
  • Ai
No Result
View All Result
  • Tech News
    • Africa Tech
    • Global Tech
    • Tech with Pelumy
    • Tech Careers
    • Tech TV
    • General News
    • How To
    • Reviews
  • Cryptocurrency
  • Fintech
  • Startups
  • Ai
No Result
View All Result
Techpression
No Result
View All Result
Home Tech News Africa Tech News

Africa’s pioneer metaverse to launch $Ubuntu, virtual token

Ibukunoluwa Bankole by Ibukunoluwa Bankole
February 1, 2024
149 1
0
Africa’s pioneer metaverse to launch $Ubuntu, virtual token
465
SHARES
Share on FacebookShare on TwitterWhatsAppTelegram

Africa’s pioneer metaverse, Africarare is getting ready to launch the $Ubuntu Token, a virtual token that will act as a medium of exchange for both customers and merchants in the virtual marketplace.

Developed by the innovation business Mann Made, situated in Johannesburg, Africarare is an immersive 3D virtual reality hotspot.

The Web3 platform, driven by artificial intelligence (AI), facilitates communication, cooperation, and e-commerce services between people, brands, and communities.

The metaverse, sometimes referred to as the next evolution of social connection, is a vast virtual environment where individuals communicate using virtual avatars.

RelatedPosts

Nestcoin unveils Metaverse Magna with CEO Yemi Johnson

Mozilla acquires the Canadian firm active Replica to create a Metaverse

MTN Group to host Africa’s first virtual concert in the Metaverse

The 3D virtual reality experience offered by Africarare takes place in Ubuntuland, an African virtual environment that combines creativity, cryptocurrency, and business.

Read also: FutureBank, Paymentology offer instant virtual card in SA

Cyberspace “land grabs” could lead to a metaverse market boom

Hundreds of private and corporate landowners have purchased virtual land in the metaverse with the goal of reselling goods and services on the immersive platform known as Ubuntuland.

Corporates include companies with over 90,000 registered users and members of social media communities, including Nedbank, Primedia, Singularity Group, HAQQ Network, Mann Made, and Cyberkongz. These brands have each seen over 20,000 hours of user involvement.

On February 29th, Africarare’s $Ubuntu Token will formally launch.

It is said that the $UbuntuToken is the vitality of Ubuntuland. According to Mann Made, it will make buying, selling, and trading easier within the marketplace and be essential to the management of the metaverse’s operations.

According to Mic Mann, CEO of Africarare, the token will make it possible for users to engage in a variety of interactive events, opening up new avenues for enjoyment, learning, and artistic expression.

Meta’s 2Africa subsea cable to touch down in two Nigerian cities

“$Ubuntu Token is a dedication to improving communities; it is more than just a utility token.

“Every transaction made with the $Ubuntu Token aims to improve community welfare by bringing about change. A portion of every transaction fee—ten percent—is allocated to our charitable fund, which supports initiatives like Drops of Life and Innovation, which supplies safe drinking water, as well as educational initiatives like the Maharishi Institute, which gives African students access to postsecondary business education. The Ubuntu Decentralised Autonomous Organisation will cast votes on upcoming ideas.

The global metaverse market is expected to develop at a compound annual growth rate of 39.8%, reaching $996 billion by 2030, according to GlobalData’s 2023 research on the virtual universe.

According to the startup, Ubuntuland has grown steadily since its alpha premiere at the SingularityU South Africa Online Summit in 2021. Organisations and local singers have bought virtual land to highlight African companies and creativity.

In the future, landowners will have the opportunity to develop AI avatars using their own GPTs and deploy them to improve customer experience, first thanks to the planned Africarare AI Builder.

Tags: $UbuntuMetaverse
Ibukunoluwa Bankole

Ibukunoluwa Bankole

No Result
View All Result

Quick Links

  • Tech News
  • Cryptocurrency
  • Fintech
  • Startups
  • Business

Follow Us:

  • facebook
  • instagram
  • Twitter(X)
  • Linkedin
  • YouTube
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2025 Techpression.com -Techpression Media Limited

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

We are using cookies to give you the best experience on our website.

You can find out more about which cookies we are using or switch them off in .

No Result
View All Result
  • Home
  • Tech News
    • Africa Tech
    • Global Tech
    • Tech with Pelumy
    • Tech Careers
    • Reviews
    • How To
    • General News
  • Cryptocurrency
  • Business
  • Fintech
  • Startups
  • Featured
  • Ai
  • Tech TV

© 2025 Techpression.com -Techpression Media Limited

techpression.com
Powered by  GDPR Cookie Compliance
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.

Strictly Necessary Cookies

Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.

3rd Party Cookies

This website uses Google Analytics to collect anonymous information such as the number of visitors to the site, and the most popular pages.

Keeping this cookie enabled helps us to improve our website.