Futureverse, a New Zealand-based metaverse development company, has recently announced the merger of 8 Web3 development companies into one that will work to build an “open” metaverse. They would commit to making the metaverse truly decentralized and not letting a single entity monopolize it.
Futureverse and its Commitment to Open Metaverse
Futureverse is a new blockchain network headquartered in Auckland, New Zealand. The main focus of the company will be the metaverse. The company employs many advanced technologies, including the Root Network, an efficient blockchain network exploiting XLPR and Ethereum bridges.
The company was founded by Aaron McDonald, Shara Senderoff, Marco Brondani, and Daniel Gillespie. Its goal is to empower the community using the metaverse so that it can be controlled by the community and not big corporations, underscoring the true meaning of decentralization. They want to establish a powerful community network with flexible interoperability.
Metaverse is currently receiving a lot of hype about being the internet’s future. It has cutting-edge solutions to improve the efficiency of multiple sectors such as – banking and finance, retail, supply chain, automation, hospitality, healthcare, research, etc. With appealing potential applications, sharks like Facebook, Microsoft, and Apple have already started venturing into the virtual space.
The unbeatable capital of these giants threatens the principle of metaverse that lies in its decentralization and public government. These giants, who already dominate their respective domains, have a reputation for misappropriating public data and influencing the public will suit their profits.
According to Aaron McDonald, the company’s co-founder, – “a company can’t stand as a single entity in the metaverse,” and, he adds, “the metaverse should be a collection of user-owned, interoperable identity, data, and content that can be used across a wide range of applications.”
The Rollup
Futureverse is being hailed as the pioneer who is making substantial efforts to make the metaverse an open platform. In recent developments, he announced the merger of eight Web3 developer companies working on different aspects of the metaverse that will operate on the company’s network.
The companies that are included in the rollup are —
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