Tag Archives: Meta

MARKETS NEWS

What is the importance of the Theta network in metaverse growth?

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After Metaverse changed its Facebook name to META, META became the center of attention. However, an important difference here is that it is an enhanced version of Virtual Reality. The idea for the metaverse was first introduced in Neal Stephenson’s 1992 cyberpunk novel Snow Crash. Based on the book, the metaverse was created as a shared fictitious space open to the public over the worldwide fiber optic network. After this novel, it inspired games such as Second Life, which had an impact in the early 2000s.

Since then, the blockchain space has been following the metaverse for some time. Just like cryptocurrency, blockchain allows metadata centers to be made more decentralized with their transactions.

Metaverse and Theta
Metadata repositories and metadatabase-based projects continue to increase. Theta, on the other hand, plays an important role in strengthening the data ecosystem. Theta’s significant number of simultaneous users make it an ideal choice for peer-to-peer (P2P) video and information distribution.

The Theta ecosystem is increasing day by day. Over the past years, technologies have been developed that form the basis of the metaverses created today. So theta is quite important for the metadata store.

Last month, Theta hosted a metaverse nightclub with Decentral Games. A partnership was established with Amnesia Ibiza from Spain, one of the most famous nightclubs in the world. Well-known international DJs such as Yves V, Benny Benassi and Paul Van Dyk took part in the virtual music festival.

More and more virtual events are taking place every day. As a result, this idea can be further developed and used in P2P distribution. In this way, people will be able to both earn TFUEL and have fun.

An important feature to mention is having a patented NFT DRM technology that will be included in the Theta ThetaPass ticketing system. This way, people will be able to use NFTs as special tickets to attend exclusive virtual live events.

While the end of innovation remains in sight, Theta continues its pursuit of technological advancement. For this reason, Theta sees it as an important tool to unleash the full potential of the metaverse, the virtual world of the future.

Source: www.coinquora.com

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility

ALTCOIN NEWS

Facebook Meta branding caused MANA to jump 400%

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Facebook’s well-publicized (and often ridiculed) rebrand brought to the fore MANA, a cryptocurrency most people have never heard of before, resulting in a 462% increase in price over the weekend, with a three-day price increase.

The crypto has since lost some ground and is currently trading at $3.13, according to Coinbase. That’s still a 306% increase from October 27, the day before Facebook announced its rebranding.

MANA is the icon for Decentraland, which describes itself as a metaverse platform that allows users to buy and sell virtual properties. The token runs on the Ethereum blockchain.

Decentraland itself provides a game-like atmosphere where people create virtual lands and others explore them and participate in social games. Visually, it’s no different from Roblox or Second Life.

Using MANA, visitors can purchase “properties” or upgrade to their desired environment. They can also buy and sell items for use in the virtual world and list their properties for sale. (Prices range from 30,000 MANA to 1 million.)

Facebook’s big bet on the metaverse has sparked interest in many companies focused on this space. Decentraland works a little differently in the virtual world than Facebook expects, but focuses on user-generated content that enables people to make money for themselves, rather than walled gardens that can enrich companies.

MANA isn’t the only cryptocurrency that has seen a surge since Facebook changed its name. Another virtual world, Sandbox’s token SAND, rose 176% to over $2 on Monday from 74¢ on October 27. (At this weekend’s peak, SAND was up 218% at $2.35.)

source: Fortune

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.