Home System concept Metaverse applications are more necessary than the concept of speculation

Metaverse applications are more necessary than the concept of speculation


TOKYO, March 7, 2022 /PRNewswire/ — Recently, the launch of the Ethanim metaverse infrastructure officially ended in Tokyo, Japanwhere several speakers shared their views on the metaverse. Takaaki AnsaiCEO of Ethanim, detailed Ethanim’s vision, business logic and development plan on stage, and was interviewed by the media after the launch.

In the interview, the CEO of Ethanim Takaaki Ansai believes that “the metaverse should not remain on the surface or be a concept of speculation, but should be implemented through practical applications. Only applications can build a true ecology of the metaverse”.

Although 2021 is the first year for the metaverse industry, the speed of its development and the popularity of its concept far exceed the rise of the Internet. It is even considered the next wave of innovation 20 years after the mobile Internet. However, the scenario applications were not brought to scale due to technical difficulty. Many metaverse concept stocks have dropped, which is cooling the metaverse.

Talking about the current state of the industry, the CEO of Ethanim Takaaki Ansai said: “At present, the metaverse industry is still in its infancy, and more companies are needed to solve the problems of the industry through technology, to land and develop the space of market of the entire industry. Our team founded Ethanim to solve the decentralization problem of the metaverse. Only after decentralization can the development of the metaverse industry enter the 2.0 era.”

It is understood that Ethanim has created a new blockchain architecture based on traditional blockchain technology to solve the decentralization problem. It combines Trias -1 trust computing and virtual resource pooling technology, which can not only solve the problem of hard-to-reach block network nodes quickly, but also support unlimited horizontal expansion of the system . It allows metaverse applications such as games, VR/AR and social networks to have the smooth experience of centralized applications while being decentralized.

As the infrastructure platform of the metaverse, Ethanim Network supports the development and deployment of any large decentralized application on the chain. Application state snapshots in the Ethanim ecology are stored forever and may still provide services to users. Even if the app is tampered with or terminated, users can restore the app to any previous version based on status snapshots stored on the channel. At the same time, user behavior information, digital assets and virtual identity will exist eternally in the ecology, which basically realizes the application’s eternal life.

Apart from security concerns, from a user experience perspective, users can freely manage acquired game equipment, digital artwork, and virtual identity in the metaverse app on Ethanim. They can also take advantage of financial services such as staking, insurance and securitization of digital assets; Additionally, Ethanim supports parallel interoperable multi-version applications. Users can freely create new versions, switch and interoperate in different versions. NFT assets can also be presented in different flavors. It allows users to experience the metaverse world “from free imagination to real experience”.

Ethanim not only supports full application decentralization within its own ecology, but also supports integration with other public chain ecologies, such as Solana, Avalanche, Polygon, Near Protocol, and more. It helps applications within its ecology achieve complete decentralization. This ecological integration will greatly promote the metaverse in a new wave of development.

From the investment situation in the metaverse industry, well-known blockchain funds (such as a16z Crypto, PanteraCapital, AlamedaResearch (SBF), Multicoin Capital, Figment Networks, R8 Block Capital, etc.) have long invested in metaverse projects. New funds have recently emerged to invest in the metaverse, such as venture capital institution Chiron, which raised $50 million as a metaverse eco-fund. the 200 billion dollars Korea Investment Corp (KIC) will invest in the metaverse industry. European venture capital institution Hiro Capital has announced the launch of its €300 million fund for HIRO CAPITAL II, which will focus on investing in games and the metaverse.

“The metaverse industry has great development potential, and the play-to-earn model of on-chain games will be favored by more and more users. Then Ethanim will do its best to cooperate with game publishers while creating a good metaverse infrastructure platform, and working together to create a true digital world that integrates entertainment, social, learning, production and life.” Ethanim CEO Takaaki Ansai noted.

SOURCE Ethanim