Joel Dietz – a crypto innovator, an Ethereum developer, as well as a founding architect at MetaMask – after having a low position in crypto endeavors thereof, has laid the foundation of a unique company to develop a type of metaverse that would be interoperable. The Metametaverse, a platform dedicated to the interoperability as well as the integration of multiple metaverses simultaneously, has in advance collected up to $2M in this respect.
The respective investment round is supported on the behalf of DAO Maker, along with collaboration made by Metaverse Group, Decasonic, and Ghaf Capital. Metametaverse of Dietz is a cross-chain venue and offers a programming language enabling the organization as well as the maintenance of metaverses, execution of simulations and games, along the planning of parallel universes.
Metametaverse incorporates digital worlds
Dietz wants to develop a blockchain protocol based on Layer 1, just like Bitcoin or Ethereum analogous to metadata protocol, to incorporate the metaverse, the world of interlinked digital spaces, as presented in novels like Snow Crash and Ready Players One. Dietz has risen from, in his words, crypto retirement (a break of several years) when he exited the sector after his operation on an Ethereum wallet owned by ConsenSys as a participant of the original development group thereof.
The idea of a metaverse in terms of virtual experiences as well as the token economies counts to be a relatively promising area and several hundred businesses have started to emerge just in recent time along with being integrated into the digital realm. Each of the projects dealing with metaverses including the game world or the work setting has a zone called technology application. The fresh targets of the space have attracted Dietz and the idea of the metaverse makes him remember Web3 development’s early days.
Innovations of metaverse
At present, 25 participants are operating on Metametaverse and the scope thereof takes account of the language that focuses on the development of the metaverses as well as the interaction with them and it does not matter if some other blockchains host them. This characteristic makes it blockchain agnostic.
He mentioned this move while appearing in an interview conducted by Venturebeat, expressing that this is just like reconsidering the DNS (Domain Name System) of the internet, which operates as the addressing system of the internet but with the addition of the 3D world.
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