The crypto community is terrified and enthralled by a new development of metaverse ecosystems that possess play-to-earn and DeFi (Decentralized Finance) features. These features are subsumed into the game mechanics to decentralize games and empower platform users or players. Thus, with the development of NFTs (Non-Fungible Tokens), Metaverse, GameFi, and DeFi applications, there has been an expansion of ecosystems that attracts users to activity-based platform dynamics. This development, however, is not without its problems as there is the concern of interoperability and social integration.
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The Metaverse is siloed; can it be integrated?
One of MetaGrail’s aims is to provide an interoperability protocol that would allow for the integration of the various multiverses of all metaverses. It seeks to achieve this aim by combining several metaverse ecosystems and their aggregated capabilities. Moreover, with the support of MetaGrail’s standardized protocols, it would be possible for the Metaverse ecosystem to provide users the ability to decipher their social function sections. With the adoption of this process, every platform would form a part of the multiverse, allowing players to navigate various platforms and hold exclusive social identifiers and differentiators secured by NFT technology.
How MetaGrail is integrating the best of blockchain technology to integrate the multiverse
MetaGrail’s attachment of identity recognition and social trajectory to NFTs and a social token issuance model have made room for an ownership economy of NFT. Also, it seeks to enhance the decentralized social ecosystem by deviating from the traditional economic model. With the platform’s encouragement of partnerships and sharing of social content, users would be able to monetize their social influence. In addition, MetGrail will allow for a wide range of applications for the SocialFi Field to deviate the social from platform-centric to user-centric.
In order to achieve its objectives, MetaGrail would partner with different parties- developers, GameFi, DeFi, and Metaverse platforms, so as to build a shared decentralized social ecosystem, with value remaining its key factor. Although the MetaGrail project is still underway, its website should be launched on January 1, 2022.
In the words of Mr.Gavin Nation, CMO of MetaGrail,
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Source: Cryptocurrency - investing.com
