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- Metametaverse, a company dedicated to working on the interoperability of various metaverses, has raised $2 million.
- The investment round has gained participation from the Metaverse Group, Decasonic, and Ghaf Capital.
- The metaverse concept is gaining massive popularity among entities and organizations lately. The CEO believes it might surpass the size of the crypto industry in the coming future.
There seems to be another exciting news for the Metaverse fans because Metametaverse has already raised $2 million to bring the company’s goal to life.
What does Metametaverse aim at?
Metametaverse is a company dedicated to the integration and interoperability of multiple metaverses, with the CEO being Joel Dietz, a cryptocurrency innovator and the founding architect of Metamask and developer of Ethereum.
His company Metametaverse has already raised $2 million for the endeavour. The investment round is being supported by DAO Maker and is witnessing participation from the Metaverse Group, Decasonic, and Ghaf Capital.
The Metametaverse is natively cross-chain and features a programming language for organizing and maintaining the metaverses, executing games and simulations within them, and charting parallel universes.
CEO Joel Dietz focuses on creating a Layer1 blockchain protocol, similar to Ethereum and Bitcoin but more like a metadata protocol. It further aims to integrate the metaverse, the domain of virtual worlds that are interconnected, like they are signified in the novels Snow Crash and Ready Player One.
Metametaverse presently has around 25 members working on it. The company’s scope consists of a language for constructing metaverse and interacting with them even if they are being hosted on other blockchains, making it blockchain agnostic.
According to Dietz, who expressed his views in an interview, reimagining the internet’s Domain Name System (DNS), which facilitates the internet’s addressing system. However, this would be a coordinate system for complex three-dimensional things that takes place in the 3D space.
Dietz further believes that the metaverse concept would continue to emerge size-wise and will be more relevant in the future. And would eventually surpass the crowned cryptocurrency Bitcoin and others.
He further opined that in 30 years, the metaverse would design and sell each building in the city. And that they are developing the protocol that would facilitate the support of high-end assets and clear business use cases.
Recently, Yuga Labs, the creators of Bored Ape Yacht Club NFT project , signified its new BAYC metaverse via Twitter giving a very vague idea through a short trailer.
Lately, the metaverse concept has attracted much attention from worldwide entities and organizations, especially after Facebook rebranding itself as Meta. The idea has emerged so much that hundreds of businesses are now giving thoughts on the concept.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
