Is Futureverse better than the other metaverses?

TL;DR Breakdown

  • Futureverse, a platform of 11 companies including gaming studios and blockchain startups, recently raised $54 million in Series A funding.
  • The company’s CEO, Aaron McDonald, challenges the typical view of the metaverse as a virtual world, instead seeing it as technology powering many applications.

Description

In the rapid digitalization era, the metaverse, a virtual universe comprising multiple interconnected digital spaces, is no longer a figment of sci-fi imagination. Emerging from this fast-paced landscape is Futureverse, which recently clinched a $54 million Series A round. Futureverse is a unique platform composed of 11 companies extending from gaming studios to blockchain startups, … Read more

In the rapid digitalization era, the metaverse, a virtual universe comprising multiple interconnected digital spaces, is no longer a figment of sci-fi imagination.

Emerging from this fast-paced landscape is Futureverse, which recently clinched a $54 million Series A round. Futureverse is a unique platform composed of 11 companies extending from gaming studios to blockchain startups, all uniting to streamline metaverse content creation.

Pioneering a different Metaverse perspective

While the buzz around the metaverse may seem redundant to some, Futureverse’s CEO, Aaron McDonald, challenges this perspective.

According to him, the notion of the metaverse has been confined to a single, virtual world vision, rather than the overarching technological infrastructure that it signifies.

McDonald argues that the metaverse should be seen as the internet of today: not merely ‘a thing,’ but ‘the thing’ that propels applications and websites.

In this light, Futureverse aims to redefine the metaverse as an assemblage of interoperable applications built on user data. Futureverse’s primary mission is to facilitate the construction of all-encompassing experiences where users remain oblivious to the underlying blockchain or NFT use.

The objective is to render the technology invisible, focusing more on the seamless experiences it enables.

Invisible technology, immersive experience

Futureverse demonstrated this concept through a game launched in collaboration with FIFA for the Women’s World Cup. In this immersive world, users managed automated players, unaware that the game operated on web3 and utilized NFTs.

To the average user, it was just a game – a testament to McDonald’s belief that the focus should be on the content, not the underlying data format.

This viewpoint echoes the trend in artificial intelligence (AI), where the best AI companies solve problems using AI, without necessarily emphasizing the AI component. Similarly, successful remote work companies facilitate work without necessarily highlighting the remote aspect.

Futureverse’s approach is not without its challenges. The term ‘metaverse’ itself carries numerous connotations and assumptions, often dominated by its most vocal proponents.

These perceptions influence where Futureverse seeks funding, opting for investors who understand the nuances of the metaverse, like 10T Holdings, who led their funding round.

While gaming appears to be the immediate application of the metaverse’s technology, its potential extends beyond. McDonald cited their recent collaboration with F1, where they built a digital platform that enhanced fan engagement during and post events.

Defining the Metaverse, Futureverse style

Despite operating in a stigmatized sector with a nebulous definition, Futureverse’s approach seems to hold promise. By attracting high-profile clients such as FIFA and F1, they can leverage these brands to create user-driven experiences irrespective of the technology running them.

In McDonald’s view, the metaverse isn’t an upcoming phenomenon; we are already immersed in it. The breaking down of user experience silos into a unified experience – a concept Futureverse terms ‘immersive convergence’ – is already gaining traction.

While the term ‘metaverse’ continues to evolve, Futureverse is carving out its definition, one where technology takes a backseat, and user experience takes center stage.

Whether or not users are aware of the blockchain-run applications, Futureverse’s redefined metaverse is aimed at enhancing the digital experiences we encounter daily.

Perhaps, in the end, it’s not about whether Futureverse is better than other metaverses, but how it revolutionizes our perception and interaction with this new digital frontier.

Disclaimer: The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decision.

文章来源于互联网:Is Futureverse better than the other metaverses?

Disclaimers:

1. You are solely responsible for your investment decisions and this info is not liable for any losses you may incur.

2. The copyright of this article belongs to the writer, it represents the writer's opinions only, not represents the site's ones. Not financial advice.

Previous 2023年7月23日 12:01
Next 2023年7月23日 13:30

Related articles

  • Paxos takes responsibility of mistaken $500,000 BTC transaction

    TL;DR Breakdown Paxos has announced that the erroneous $500,000 BTC in fees was its fault. The platform says it is committed to recover the excess fees. Description In an unexpected turn of events, Paxos, a prominent issuer of stablecoins and operator of a crypto brokerage firm, acknowledged that it overpaid a staggering $500,000 in fees for a Bitcoin transaction that occurred on September 10, 2023. The company, in a statement released on September 13, clarified that the erroneous transaction was solely its … Read more In an unexpected turn of events, Paxos, a prominent issuer of stablecoins and operator of a crypto brokerage firm, acknowledged that it overpaid a staggering $500,000 in fees for a Bitcoin transaction that occurred on September 10, 2023. The company, in a statement released on September 13, clarified that the erroneous transaction was solely its responsibility and assured users that customer funds remained secure and unaffected. Paxos is renowned for its role in issuing stablecoins like the PayPal USD and Pax Dollar (USDP). Beyond stablecoins, the company also operates a crypto brokerage platform that handles…

    Article 2023年9月15日
  • Xi’s market gambit: China’s stocks will never be the same

    Description Under President Xi Jinping’s directive, China’s stock market landscape has transformed drastically. Xi’s market maneuvers may forever change the trajectory of China’s equities, raising as many eyebrows as it does questions. But what are the real implications of these strategic shifts, and how do they align with Xi’s grand vision for the nation? Bold Policy, … Read more Under President Xi Jinping’s directive, China’s stock market landscape has transformed drastically. Xi’s market maneuvers may forever change the trajectory of China’s equities, raising as many eyebrows as it does questions. But what are the real implications of these strategic shifts, and how do they align with Xi’s grand vision for the nation? Bold Policy, Bolder Ambitions The audacity of China’s stock market is evident. Despite a slowdown in China’s economic growth and a looming real estate liquidity crisis, the Shanghai Stock Exchange welcomed Jilin Joinature Polymer, marking the 200th company to grace China’s domestic markets just this year. These new listings, amassing a whopping $40 billion, have outpaced giants like Wall Street. Yet, the CSI 300 index paints a grim…

    Article 2023年9月23日
  • Coinbase breaks free from U.S. restrictions, targets Singapore crypto market

    TL;DR Breakdown Coinbase is targeting the Singapore crypto market to expand its international presence and adapt to evolving market dynamics. The move comes as Coinbase responds to regulatory crackdowns by U.S. authorities and aims to strengthen its position in the global market. Coinbase now offers services in Singapore, including purchasing USDC with SGD without fees. Coinbase cryptocurrency exchange, a United States (U.S.) based exchange platform, has made significant strides in the crypto industry. In a recent blog post, the exchange platform announced its intention to expand a wide range of services to customers in Singapore. Coinbase is actively enhancing its international presence in response to regulatory crackdowns by U.S. authorities, where the company is headquartered. As part of this effort, the exchange platform has taken decisive steps to extend its services to customers in Singapore. This strategic move aims to strengthen Coinbase’s position and adapt to evolving market dynamics while ensuring continued accessibility to users in different regions. Users can now purchase USDC with Singapore dollars (SGD) without incurring fees while also receiving rewards for holding USDC. Additionally, Coinbase has…

    Article 2023年5月18日
  • Egypt joins BRICS in shifting away from US Dollar in trade settlements

    TL;DR Breakdown Egypt has joined the BRICS economic bloc in shifting away from the US dollar for trade settlements, opting to use local currencies such as the rupee, ruble, and yuan. The move reflects ongoing de-dollarization efforts within the BRICS countries, which aim to challenge the dominance of the US dollar in international trade. The upcoming BRICS Summit in August is expected to explore the implementation of a new currency for trade settlements, further challenging the position of the US dollar in global finance. Egypt has made a significant move in its trade practices by abandoning the US dollar in transactions with the BRICS economic bloc. The country aims to utilize local currencies, such as the Indian rupee, Russian ruble, and Chinese yuan, to pay imports from these key BRICS members. Egypt’s Supply Minister, Ali Moselhy, emphasized ongoing discussions about trading in local currencies, highlighting the potential shift away from the dominant role of the US dollar. BRICS’ de-dollarization efforts gain momentum The rise of the BRICS economic bloc continues to shape the global power dynamics, with member countries taking…

    Article 2023年6月17日
  • Happy Bitcoin Pizza Day 2023 – 13 years and counting

    TL;DR Breakdown Happy Bitcoin Pizza Day 2023 – a historic celebration of the first recorded commercial transaction using Bitcoin. A slice of Bitcoin history: On May 22, 2010, Laszlo Hanyecz famously purchased two pizzas for 10,000 bitcoins, which would be worth millions or even billions today. Growth of crypto economy: Bitcoin Pizza Day showcases the growth of the crypto economy over the past 13 years. Bitcoin, once considered a niche experiment, has transformed into a global asset and store of value. In the world of crypto, there are few events as significant and iconic as Bitcoin Pizza Day. It marks a historic moment in the journey of Bitcoin, the pioneering crypto that has transformed the global financial landscape. Every year on May 22nd, enthusiasts and investors come together to celebrate the humble beginnings of Bitcoin and reflect on the tremendous growth it has experienced since. Well, Happy Bitcoin Pizza Day. Today is a joy for so many and a loss for one man,  Laszlo Hanyecz. Many across the world are in a celebration mood, and Monday is not as blue…

    Article 2023年5月24日
TOP