SQID Technologies Limited announced that it has signed a collaboration agreement with tagSpace Pty Ltd. As part of this agreement both SQID and TAGSPACE will collectively look at opportunities to expand and capitalise on opportunities in "E- sports" market segments. As part of signing this agreement SQID has invested AUD 100,000 in a cryptocurrency ITO undertaken by tagSpace. tagSpace's proprietary platform delivers Augmented Reality (AR) experiences, designed specifically to enable anyone to create their own citywide AR experiences in less than one hour, with no code required.

tagSpace has been in business for 7 years, is backed by well-known investors and has existing big-name customers. All of its underpinning technology is already in the market, it is live and demonstrable today. tagSpace is offering the opportunity to invest in an established company that is at the intersection of 3 rapidly expanding markets; Metaverse, Web 3.0 and Augmented/Mixed Reality.

To date, tagSpace has operated a B2B2C SaaS business model, but they will shortly be opening up platform so that anybody can create, share and monetise their creations. This will open up new revenue-generating opportunities for anyone or any business, which is why they are excited to partner with SQID as a key investor with expertise in E-Sports and fintech. tagSpace Mixed Reality works by mixing computer graphics with a view of the real-world - either through a smartphone camera or via special hardware such as holographic smart glasses." The ITO offers professional and sophisticated investors within section 708(8) and s708(11) of the Corporations Act 2001 exposure to the Metaverse, NFTs, Cryptocurrency, Mixed Reality business segments.