Cryptocurrency is building a metaverse economy

All different industries, including cryptocurrency, have been digitized. Data has become an important engine for business growth and for the economy in general. They are generated at an exponential rate. Education, work and entertainment go to the metaverse. This trend is based on the instrumental and creative use of data. Exploring them offers great opportunities and better experiences.

Building a new data-driven metaverse economy

First, Itheum invented the NFMe technology. The latter has led to the emergence of a new data-driven economy for the metaverse. This allows anyone to represent their identity, activities, assets and interests in the form of data avatars. All this information is fundamental and helps create a more engaging and richer interaction for all users.

It is blockchain technology that enables this new form of digital ownership in the world of the metaverse. In this way, everyone really owns their data. He can extract a very important value from it. It can even create an iterative income stream. This is because the data on companies and consumers are combined. They will enter a cycle of virtuous exchange. This helps drive growth and personalized experiences. In addition, both groups will enjoy significant benefits.

The transition from Web2 to Web3 is clear. The objective is to create an attractive and fascinating environment. Adventure, exploration and curiosity are challenged to reach unique and relevant levels. The internet would be experienced in a personal and visual form. To make all of this a reality, data avatars are an important and unavoidable element. The role of Itheum is to build them.

This technology will enable the next wave of value creation. Owning a stock is ultimately an opportunity to grab absolutely.

The Elrond technology and the ecosystem

Elrond is a new blockchain architecture serving the metaverse. The design aims to improve throughput and execution speed. Elrond introduced two major innovations: Adaptive State Sharding and PoS. These are an innovative state-sharing mechanism and a secure proof-of-stake algorithm, respectively. They enable linear scalability with a fast, secure and efficient consensus mechanism. As a result, Elrond is able to process more than 10,000 transactions per second (TPS). The waiting time is only 5 seconds with unbeatable cost. Elrond wants to become the backbone of a borderless, permissionless, everywhere accessible internet economy.

Conclusion

Cryptocurrency is not immune to the technological evolution that is helping to create a new economy of the metaverse. Elrond Research, a strategic innovation lab of Elrond Network, is aware of this. Its mission is to identify and encourage projects that focus on using blockchain technology on an internet scale. Through research and support from their architects, Elrond technology and ecosystem will leverage data avatars.

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Emile Stantina

“Stan – “Chancellor on the brink of second bank bailout” The lone man thinks alone and creates new values ​​for the community”

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