String Metaverse Ltd (Bio Green Papers Ltd, BSE 534535) Highlights Strong Growth with Rs 137.82 Crores Revenue, Rs 12.13 Crores PAT in First Half of FY25 Amidst Strategic Expansion.

12 November,2024 07:36 PM IST |  Mumbai  | 

String Metaverse Ltd


String Metaverse Limited (Bio Green Papers Ltd, BSE 534535) has reported impressive revenue of ₹137.82 crores and a profit after tax (PAT) of ₹12.13 crores for the first half of FY25. The PAT figure includes a one-time expense of ₹2.45 crores related to merger stamp duty and authorized capital fees. These results reflect the company's successful pivot to cutting-edge domains such as Web3 gaming, artificial intelligence (AI), and blockchain technology.

Key Highlights:

Building digital communities through String Metaverse's Ecosystem for the attention economy, which is valued at an estimated $7 trillion.

Through its UAE subsidiary, String Metaverse, the company has secured strategic licenses, including an AI license, blockchain node license, digital asset trading license, and e-sports license in RAK DAO. These licenses position String Metaverse as a formidable player in the blockchain-enabled gaming and digital commerce space.

Innovation with Project MidEarth

The company is advancing Project MidEarth, a revolutionary initiative to create an "Army of AI Agents" that integrates blockchain technology for AI monetization.

These AI agents are designed to perform roles such as:

The project aims to pioneer the AI agent economy, enabling real-time settlements and fostering trustless, truth-based systems through blockchain integration.

Future Outlook:

Santosh Althuru, CEO of String Metaverse, stated, "We are building an agent economy that will grow alongside the human economy, enabling commerce and monetization across multiple blockchains. We anticipate achieving a CAGR of 70% to 100% over the next three years, driven by innovations in AI and blockchain commerce."

With its focus on technological advancements and strategic global partnerships, String Metaverse Limited is set to redefine the future of AI-driven commerce and blockchain gaming.

"Exciting news! Mid-day is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest news!" Click here!
Buzz business Service
Related Stories