May 29, 2024
MultiversX Aims for Metaverse Scalability as CEO Explores Spatial Computing
Latest Cryptocurrency News

MultiversX Aims for Metaverse Scalability as CEO Explores Spatial Computing

The metaverse garnered significant attention from both the crypto community and venture capital firms during the previous cryptocurrency bull market. The involvement of tech giants like Meta and Apple lent further credibility to the concept, although these companies have adopted different approaches.

Meta, formerly Facebook, has shifted its primary focus to virtual reality (VR) and recently introduced new smart glasses in collaboration with Ray-Ban. In contrast, Apple has pursued a spatial computing approach, emphasizing augmented reality (AR), and released its own AR glasses in 2023.

Beniamin Mincu, CEO of MultiversX, a blockchain-based platform dedicated to the metaverse, suggests that Apple’s spatial computing approach aligns more closely with the metaverse’s goals than Meta’s VR Quest headset. Mincu expressed his view that Meta’s emphasis on virtual reality might not be as intuitive, whereas Apple’s spatial computing approach creates a more user-friendly experience. He pointed out that Meta’s glasses are limited to a specific virtual world, whereas the metaverse concept revolves around interactive experiences within that virtual world. Apple’s approach, Mincu noted, treats the interface as a spatial computing device, which he views as an underrated paradigm shift.

Spatial computing involves the processes and tools used to capture, process, and interact with three-dimensional data. It encompasses various technologies such as augmented reality, virtual reality, the Internet of Things, digital twins, artificial intelligence, and more. It essentially facilitates human-machine interaction in which the device maintains and manipulates references to real objects and spaces.

Mincu also mentioned that MultiversX’s technical upgrades on October 19 would align the platform with the spatial computing approach, making it more scalable. These upgrades introduce essential features, including early block proposals, parallel node processing, consensus signature checks, and dynamic gas cost improvements. These technical improvements are expected to increase transactional throughput sevenfold, providing faster confirmation and shorter finality times. Additionally, the upgrade will introduce on-chain governance, an enhanced virtual machine, and an improved relayed transaction model, allowing tokens operating on the network to cover gas costs.

Image By vecstock

Related posts

ODX Launches Cutting-Edge Digital Securities Platform in Japan

Cheryl  Lee

Brazil’s Bank Acquires Orama for $99 Million

Robert Paul

MetaMask Enables Crypto to Fiat Conversion and Bank Transfers

Cheryl  Lee

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Please enter CoinGecko Free Api Key to get this plugin works.