S’pore blockchain-based telco Gorilla Networks on constructing a metaverse post-acquisition

Within the modern-day, cell knowledge is sort of a necessity for customers as telephones develop into a ubiquitous a part of our lives.

In response, many telcos in Singapore have begun providing bigger packets of information of their cell plan choices to cater to data-heavy customers. Gone are the times the place knowledge choices had been denominated in megabytes; now they’re listed in gigabytes, which is a testomony to the significance of cell knowledge for customers.

However as competitors for a way a lot knowledge customers get grew to become stale, one specific telco started providing customers the choice of doing one thing totally different with their knowledge.

Based in 2019, Gorilla Networks married two ideas that appeared to don’t have anything to do with one another: cell knowledge and cryptocurrency. 

Founder and CEO Xanne Leo was impressed by how cell plans in Singapore had been rigid, requiring customers to precisely predict their month-to-month utilization and knowledge consumption.

She resolved to have her telco provide customers a brand new sort of cell plan — one that might permit customers to pay just for what they used, and convert the remainder into digital property like cryptocurrency and NFTs.

Globalising choices

Picture Credit score: Society Cross

Just lately, Gorilla Networks has been acquired by New York Inventory Trade-listed Society Cross (SoPa), a Vietnamese loyalty and data-focused advertising and marketing platform in Southeast Asia and South Asia.

Our proprietary blockchain expertise aligns properly with SoPa’s acquisition technique. As we work in tandem with Society Cross to include Gorilla’s blockchain and Web3 capabilities, we intention to allow a brand new meta financial system for our customers, alongside SoPa’s portfolio firms.

– Xanne Leo, founder and CEO of Gorilla Networks

This acquisition is meant to leverage SoPa’s current platform and connections, and allow Gorilla Networks to broaden their buyer base into areas the place SoPa is lively.

In response to Gorilla Networks, it plans to broaden their person base into Vietnam, Thailand, and Malaysia inside the subsequent 12 months.

“We selected these nations in view of SoPa’s in depth ecosystem and huge person base in SEA. As well as, SoPa operates Leflair.com, Vietnam’s main life-style e-commerce platform; Pushkart.ph, a well-liked grocery supply firm in Philippines; and Handycart.vn, a number one on-line restaurant supply service primarily based in Hanoi, Vietnam,” she defined.

“By becoming a member of forces with SoPa’s in these areas, Gorilla is thrilled concerning the mixed advertising and marketing capabilities we are going to now deliver collectively to our companions and clients. By Gorilla’s cutting-edge expertise, we search to tailor for an unprecedented expertise for the following technology of consumers in SEA and to allow a brand new meta financial system for our customers.”

As well as, Gorilla’s ambitions transcend simply partaking extra clients within the area. They’re constructing themselves to develop into a World Metaverse Connectivity Operator, that means that they intention to onboard conventional telcos into the metaverse, via their established Web3 ecosystem. 

Transferring the telco ecosystem into Web3

Gorilla Networks has already confirmed their idea in its Web3 telecommunications capabilities with GSIM, which features as an eSIM preloaded with roaming cell knowledge.

Picture Credit score: Gorilla Networks

Their upcoming providing, the GLVT NFT, will act as Gorilla’s membership NFT and introduce what Web3 has to supply for these nonetheless on Web2 networks.

Gorilla Networks additionally has plans to introduce GMobile NFTs, in addition to SIMs, cell knowledge plans and NFTs. These will perform as Gorilla’s on-chain connectivity objects to offer homeowners entry to cell knowledge throughout the globe. Customers can even have the ability to prime up their cell knowledge to GMobile NFT, switch the NFT to a different pockets, and reissue new SIMs when wanted.

Telecommunication firms have at all times been centralised, walled gardens the place customers shouldn’t have seamless entry to important telecommunication companies worldwide.

Customers don’t usually affiliate possession of SIMs, cellphone numbers, talktime, SMS, cell knowledge and different community companies with true possession within the sense of freedom to commerce or switch.

– Xanne Leo, founder and CEO of Gorilla Networks

As such, Gorilla Community’s aim is to innovate and enhance on what customers typically consider after they think about telcos. She needs to permit them to understand that they honestly personal their cellphone quantity, and make it some extent that SIMs and NFTs are actually simply an extension of their identities.

On the similar time, Gorilla Community can be aware of their clients’ wants for privateness when getting into the NFT area, and is planning to function a Web3-native on-chain verification vouch with an off-chain trusted verification bridge. This is able to allow clients to be verified whereas holding their on-chain id non-public to different customers.

Whereas Gorilla Community has already made its mark in Singapore with its modern method to cell knowledge plans, it appears that evidently the corporate is just not but ready to easily maintain the place it has.

Gorilla Community has leveraged its popularity and expertise, and might now aspire to be one thing better than an area telco because it brings NFTs and the metaverse to bizarre clients not simply in Singapore, however all through the area.

Featured Picture Credit score: Gorilla Networks

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