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

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

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