MultiversX Explores Metaverse Scalability

During the previous bull market’s apex, the crypto community and venture capital firms showed considerable interest in the metaverse.

Meta and Apple’s participation in the metaverse bandwagon lent credibility to the concept, but both multibillion-dollar technology companies have taken very different approaches to it.

Meta shifted its entire focus to virtual reality (VR) and recently released new smart spectacles in partnership with Ray-Ban, whereas Apple incorporated a spatial computing approach centered on augmented reality (AR) and released its own AR glasses earlier in 2023.

Beniamin Mincu, the chief executive officer of the blockchain-based metaverse-focused platform MultiversX, believes that Apple’s spatial computing approach is more metaverse-oriented than Meta’s VR Quest headset.

He explained that Meta’s spectacles are only focused on a specific virtual world, whereas the metaverse concept is more concerned with an interactive experience within this virtual world.

The spectacles focus on a single use case as opposed to multiple use cases.The processes and instruments used to capture, process, and interact with three-dimensional data are referred to as spatial computing.

The Internet of Things, digital siblings, ambient computing, augmented reality, virtual reality, artificial intelligence, and physical controls may be included.

Human interaction with a machine in which the device retains and manipulates references to actual objects and spaces constitutes spatial computing.

Mincu added that MultiversX will be aligned with the spatial computing methodology and made more scalable on October 19.

The technical upgrade would add essential features to the platform, such as early block proposals, parallel node processing, consensus signature checks, and dynamic gas cost enhancements.

These technological enhancements are expected to increase transactional throughput by a factor of seven, with quicker confirmation and shorter finalization.

Among other noteworthy modifications, the new upgrade will introduce on-chain governance, a new and improved virtual machine, and an improved relayed transaction model, allowing tokens operating on the network to cover gas costs.