Spheroid Universe

The company's business model is centered on the digital real estate of its metaverse, which divides the Earth's surface into plots called "Spaces". These Spaces are geographically-precise digital plots that can be bought, sold, and owned as NFTs (ERC-721 tokens). The primary revenue stream for the company is the sale of these Spaces on the primary market. A secondary revenue stream comes from commissions on transactions between advertisers and Space owners. Space owners can monetize their digital property by leasing it for AR advertising, with the owners receiving the main share of advertising profits. This model presents an alternative to traditional outdoor advertising.

The Spheroid Universe ecosystem is powered by its native utility token, SPH, an ERC-20 token available on the Ethereum and Polygon chains. The SPH token is the exclusive payment method for purchasing Spaces and for placing advertisements and other content within the ecosystem. All SPH received from primary market Space sales are burned to reduce circulation. In February 2023, Spheroid secured a $25 million investment commitment from ABO Digital, a digital asset investment firm, to scale its infrastructure and develop its creator tools.

The platform offers a suite of tools for developers and creators. This includes the Spheroid Demiurge IDE, a cloud-based environment for programmers and designers to collaborate on XR projects, and Spheroid Script, a cross-platform language designed to streamline XR app development. The company is also pursuing Spheroid.Earth, a community-based project to create a 3D digital twin of the planet using photo data collected by users, processed with AI and computer vision. This initiative, along with partnerships with entities like the Vancouver Biennale and membership in the Khronos Group, underscores the company's focus on developing its technological capabilities and industry presence.