Metametaverse has secured $2 million funding for its idea. This company’s purpose is to interoperate and integrate different metaverses. Joel Dietz is the founder and CEO of this project. He also owns the popular Metamask wallet.
The Metaverse Interoperability Question
It is still relatively young to think of the Metaverse as a digital experience and token economy. Hundreds of companies are currently building their version of this metaverse. All of these metaverses can be used to apply the technology, whether they are for work or gaming.
Joel Dietz founded Metametaverse in order to offer a way to connect all the metaverses and make them available to everyone. Metametaverse has proposed a Layer 1 Blockchain in the same way as Ethereum and Bitcoin but for a completely different purpose: to be a metaverse metadata pool.
This task is already being worked on by 25 employees of the company. It also includes a language that can create metaverses and communicate them while living in different blockchains. The goal would be to make this platform blockchain-agnostic. Venturebeat interviewed Dietz to explain what this task might look like.
reinventing the internet’s Domain Name System (DNS), which is the addressing system for finding things on the internet. This coordinate system would allow complex 3D objects to live in 3D spaces.
Metametaverse Ressources and Future
The idea of connected metaverses is starting to gain traction with investors who have invested in the possibility of Metametaverse. DAO Maker and Ghaf Capital backed the company, as well as Decasonic, Decasonic and Metaverse Group. The company received $2 million in December from multiple investors.
Dietz is convinced that the idea of the metaverse, which Dietz considers to be the most important and significant concept in all of cryptocurrencies in the future will continue growing in importance and size. Grayscale, another organization that seems to be in the same direction as Dietz, estimates that the metaverse could generate a billion dollars annually. Dietz spoke out about the potential role his initiative could play in shaping this future profiled.
Every building will be built in each city and then sold to the metaverse in 30 years. This protocol is being developed to support higher-end assets, as well clear business cases.
What do you think about Metametaverse’s proposal for linking interoperable metaverses? Comment below.
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