MTN has become the first African company to enter the metaverse by purchasing land in Africarare.
Africarare which made its debut in South Africa in October 2021, is the first African Virtual Reality metaverse featuring digital land  digital land in the Africarare metaverse Ubuntuland, which will showcase some of the best of African art, fashion, entertainment, sport, tech and creativity.
Bernice Samuels, MTN’s Group Executive for Marketing said,
“This is an exciting moment for us as we lead businesses on the continent to enter the metaverse marketplace. This is exactly what our Ambition 2025 strategy is premised on – leveraging trends that amplify consumer’s digital experiences and engagement.
We have always been at the forefront of technological and digital changes and we remain alive to the exciting opportunities the metaverse presents for us and our customers’’.
MTN says the investment demonstrates the company’s commitment to supporting African innovation as it is the first company on the continent to support an initiative of this kind.
Through its presence in the metaverse, MTN intends to increase its customer attractiveness through a series of experiences merged with consumer passion points, like gaming and music.
