The metaverse has become an internet sensation in recent months, attracting tech enthusiasts from across the globe.
It is a concept that promises to be more immersive, interactive, and collaborative than what people do on the internet today. In other words, the metaverse is a virtual world where people can socialize, work, play, and perform other activities like they do in the real world.
Despite the infinite possibilities, the metaverse is still far from mass adoption. And while there is no one way to access the metaverse and bring it closer to mainstream social media users, Megaverse is building an ecosystem for a wide range of communities from across the globe to accelerate the growth of the metaverse.
What is Megaverse?
Megaverse is a Polygon-based metaverse platform designed to introduce social media users and the world’s most active global communities to the metaverse.
It intends to bring the metaverse vision closer to reality for everyone on the internet. The project plans to accelerate the transition of social media into the metaverse by converting at least 1 million out of the over 4.5 billion daily social media users into daily metaverse users within the next two years.
Megaverse has a clear focus on making the metaverse about communities. Since the project acknowledges the importance of a community, it prioritizes the needs of the ecosystem’s community.
Not only does Megaverse offer a more immersive metaverse experience for all communities, but it also intends to honor and celebrate important people who have made the blockchain and crypto space as we know it a reality.
The platform plans to become a hub for crypto communities, with more than 20 separate virtual lands in the ecosystem named after the most popular cryptocurrencies. Additionally, there are a total of 210,000 parcels or virtual real estates where users can build games, stores, shops, showrooms, interactive hubs, communities, and more.
Although the platform will initially launch on Polygon, Megaverse employs a multichain structure and will also runs on Avalanche, Ethereum, and BNB Chain (formerly known as Binance Smart Chain).
In February, Polygon invested in Megaverse and will collaborate with the platform on marketing activities. Both firms are also working on creating a Polygon headquarters on Matic island on Megaverse.
Core Features of Megaverse
Megaverse is a cornerstone of the wider MegaDAO ecosystem, which incorporates several features that create multiple earning opportunities for users.
Users will access the needed resources to develop and mint their NFTs in the ecosystem. Minted NFTs can be sold in the ecosystem’s designated marketplace for Megaverse’s native token. The proceeds from the NFT sales go to the creators, minus a small transaction fee.
Mega Finance (MegaFi) is the ecosystem’s in-house decentralized exchange and trading hub. Minted NFTs are sold here, and users can access other services such as staking, pool, swap, farm, and a launchpad that hosts new crypto-related gaming and metaverse projects.
Megaverse allows users to create applications, games, and vibrant 2D and 3D scenes using its Scripting Language. The scripting is designed to offer a diverse range of functionalities to make the development process seamless, including creating objects, loading textures, encoding user interactions, sounds, physics handling, and external calls.
The Megaverse ecosystem is integrating features into the experiences enjoyed by users. However, it is also making plans to transition to a fully immersive virtual reality (VR) environment. Some features and games in the Megaverse, though, will have VR capabilities even before the complete transition.
The Megaverse Token
MEGA is the native token that unifies and powers the entire MegaDAO ecosystem, with a supply cap of 10 billion tokens. MEGA serves as a governance token, giving holders the power to vote on decisions that can affect the ecosystem’s future.
In February, the project completed the presale of its token sale, which was oversubscribed. The presale phase saw the sale of 2.5% of the total supply at $0.01.
The next phase is the public sale, which will be held on Copper Launch in mid-April and spread out among three separate events known as Series A, B, and C, with a floor price of $0.025. This method allocates 7.5% of the total supply to each of the three rounds and allows Megaverse to consistently raise funds during the development and progress of the project.
To sum up, Megaverse is a project that aims to take the vision of the metaverse up a notch and plans to do so by delivering a range of features.
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