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HBAR supports MetaVRse with grant to aid Metaverse growth

HBAR

TL;DR Breakdown         

  • HBAR set to sponsor MetaVRse MetaVerse project.
  • Calls Metaverse future of human communication, collaboration and commerce.

The HBAR Foundation and MetaVRse, a web-based, low-code 3D creation platform, today announced a partnership to build Metaverse solutions for the world’s largest organizations on the Hedera Network.

MetaVRse is a proprietary, web-based, low-code 3D game engine that democratizes the creation and consumption of the Metaverse to over 7 billion compatible devices. The firm aims to be the leading game engine on the web with the strategy to create value and build a global community of creators, designers and developers.

The creation of the Metaverse will require tools that are easy to use and accessible to all, and MetaVRse is enabling creators to build the next generation of the internet quickly and simply with turnkey solutions.

The HBAR Foundation is supporting these efforts via a grant and organizational support to fuel building the infrastructure of the enterprise Metaverse on the Hedera Network. The organizations share a vision that the future belongs to creators, and this partnership will open up massive opportunities for careers in the Metaverse.

HBAR calls Metaverse, future of communication

“The Metaverse is the future of human communication, collaboration, and commerce. This partnership brings the best-in-class services of MetaVRse and the Hedera Network together to unlock the power of the Metaverse for everyone,” said MetaVRse Co-Founder Alan Smithson.

“MetaVRse is well-positioned to provide the tools to build the Metaverse,” said Alex Russman, HBAR Foundation Director of NFTs and Virtual Worlds. “We see their code-optional approach to creating 3D experiences, Augmented Reality and Virtual Worlds as the key to unlocking the unlimited value across enterprise in training, marketing, sales and entertainment.”

The HBAR Foundation fuels growth of the Hedera ecosystem by providing grants and resources for technical assistance, marketing and business development to developers, startups and organizations building on the network.

Hedera offers 10,000 transactions per second, near real-time settlement, and low fees and bandwidth consumption. Since launching in 2018, the public network has processed over 1.75 billion transactions generated by real-world applications and has over 410k accounts.

Muhaimin Olowoporoku

Muhaimin Olowoporoku

Muhaimin loves writing on crypto news aside from being a crypto enthusiast. He has a knack for analysing issues and updating people on what's happening around the globe. He believes that blockchain and cryptocurrency are the most useful systems of mutual trust ever devised.

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