Tencent, one of the world’s largest tech companies, has announced its partnership with MultiversX to create a virtual world where users can interact with each other and digital objects.
MultiversX’s Expertise in Virtual Reality MultiversX, a leading company in virtual reality, has already created several virtual worlds, including the popular VR game, The Sandbox.
Massive Virtual World with Digital Assets
The metaverse that Tencent and MultiversX will build is expected to be a massive virtual world where users can create and explore digital environments, incorporating a wide range of digital assets.
Blockchain Technology for Security and Authenticity
Tencent has said that the meta universe will be built using blockchain technology to ensure the security and authenticity of digital assets, enabling peer-to-peer trading of digital assets.
The partnership between Tencent and MultiversX is a significant step in the development of the meta universe, given Tencent’s market capitalization of over $800 billion, and could encourage more companies to invest in the technology.
Meta Universe’s Potential
The meta universe concept aims to create a shared virtual space where users can interact with each other and digital objects, leading to new economic opportunities and forms of social interaction.
Virtual Real Estate as Valuable Asset
Virtual real estate in the meta universe could become a valuable asset, with users buying and selling virtual land just like they would in the real world.
Exciting Development in Virtual Reality and Blockchain Technology
The partnership between Tencent and MultiversX is an exciting development that could lead to a new era of digital interaction and creativity, paving the way for new opportunities and possibilities for users and businesses alike.