Zilliqa (ZIL), a Layer 1 Blockchain protocol, will soon launch Metapolis, an augmented reality (XR) metaverse that offers its partners a MaaS platform. After this announcement, the price of ZIL increased by nearly 80 percent. Here are the details…
Zilliqa announces metaverse
With Metapolis, Zilliqa offers users a data-centric and fully customizable XR experience accessible via web/artificial reality (AR) and virtual reality (VR). Metapolis is building cities with a host of brands in the gaming, esports and music industries, generating $2 million in pre-launch revenue from the initial partnership. Metapolis, which is built on the Zilliqa Blockchain, which uses sharding technology, as we have also reported as Kriptokoin.com, makes it more environmentally friendly with less energy use than other Blockchains.
It’s also highly scalable and cost effective. Essentially, Metapolis is a blank canvas; Brands define their spaces as they want them to be. Metapolis creates digital locations that fit the unique needs of each of its customers. For example, a world where users can connect with their favorite artists will differ drastically from a world built to interact with sports teams.
ZIL price rose
After Zilliqa announced April 4, 2022 as the definitive launch date for the metaverse, the platform’s ZIL token rose from $0.0505 to $0.97. It has retraced as low as $0.87 at the time of writing. However, the 24-hour rise experienced an increase of close to 80 percent.
Zilliqa is a public, permissionless Blockchain designed to offer high throughput with the ability to complete thousands of transactions per second. It aims to solve the problem of blockchain scalability and speed by using sharding as the second layer scaling solution. Development work on Zilliqa officially began in June 2017, and the testnet went live in March 2018. A little over a year later, the platform launched its mainnet in June 2019. Zilliqa’s native utility token, ZIL, is used to process transactions and execute smart contracts on the network.
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