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    SOL down 96.5% since its ATH: Will the Solana blockchain survive FTX?

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Using your NFT in any metaverse – The revolutionary idea of this Animoca Brands subsidiary

July 25, 2022
in Metaverse, News, NFT
Using your NFT in any metaverse – The revolutionary idea of this Animoca Brands subsidiary

As the web3 community seeks to promote interoperability between different existing and emerging metavers, MetaMundo launches its 3D asset marketplace. They can technically be integrated into multiple virtual universes. This innovation would therefore allow the use of one’s NFT in any metaverse. It would demolish the virtual walls that separate, for example, The Sandbox from Decentraland.

Metamundo: 3D NFTs for metavers

Villas, vehicles, avatars: the web3 will shop on MetaMundo. The startup had raised $2.7 million, in a round led by Animoca Brands, revealed in November last year. According to a July 19 announcement, MetaMundo has launched its 3D NFT-related asset marketplace.

MetaMundo co-founders Finn Hansen, a former product manager at Booking.com, and Mark Studholme, who has a strong background in ecommerce, have come up with a concept that allows these NFTs, to travel from one metaverse to another.

MetaMundo focuses on interoperability between different virtual worlds, and achieves this by subjecting 3D works designed by artists, designers, and architects to a conversion and optimization process.

Files to remove borders

This technical process, is the personal touch of MetaMundo. It allows to generate 3D files dedicated to various metavers, current or future. Buyers who shop on MetaMundo, thus receive 3D files compatible with existing metavers like The Sandbox.

At this stage, however, developers are just beginning to lay the first bricks of web3, and MetaMundo is trying to stay one step ahead, anticipating the emergence of other metavers in the future. In this respect, new 3D files can be added to the currently available NFTs at a later stage. In fact, this will ensure their compatibility with future platforms.

A forum for interoperability

MetaMundo thus provides a concrete solution to the current concerns about the walls that divide metavers. They prevent the free circulation of NFTs across different virtual universes.

The web3 community has tried to take up this challenge by forming the Metaverse Standards Forum last June, which certainly gathers many platforms, but which is nevertheless shunned by major metavers.

Metavers are one of the essential elements that will enable the switch from a web2 economy to a web3 economy. The abundance of innovations in this field, however, requires a governance capable of coordinating initiatives. Technical solutions must be able to break down the walls isolating these virtual worlds.

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