MultiversX Prioritizes Metaverse Scalability as CEO Discusses Spatial Computing

Metaverse Gains Crypto Community and Tech Giants' Attention

The metaverse has become a hot topic among the crypto community and venture capital firms, especially during the previous bull market. Both Meta and Apple have shown interest in the concept, but their approaches differ significantly.

Meta's Focus on Virtual Reality

Meta, previously known as Facebook, has shifted its focus entirely to virtual reality (VR). The company recently partnered with Ray-Ban to release new smart glasses. However, some experts believe that Meta's VR approach may not be as intuitive as Apple's spatial computing approach.

Apple's Spatial Computing Approach

Apple, on the other hand, has incorporated a spatial computing approach with a focus on augmented reality (AR). The company launched its own AR glasses earlier this year, providing users with a more interactive and intuitive experience.

MultiversX CEO's Perspective

Beniamin Mincu, the CEO of MultiversX, a blockchain-based metaverse platform, believes that Apple's spatial computing approach aligns better with the metaverse goal. In an exclusive interview with Cointelegraph, Mincu stated that Meta's VR glasses are limited to a specific virtual world, while the metaverse is about creating an interactive experience within that world.

Mincu emphasized the importance of viewing lenses or interfaces as spatial computing devices, a paradigm shift introduced by Apple. He believes that this approach offers a different and more comprehensive experience.

Understanding Spatial Computing

Spatial computing refers to the processes and tools used to capture, process, and interact with three-dimensional data. It encompasses various technologies such as augmented reality, virtual reality, artificial intelligence, and the Internet of Things. The goal is to enable human interaction with machines in a way that replicates real-world objects and spaces.

MultiversX's Technical Upgrades

MultiversX is planning a technical upgrade on October 19 to align with the spatial computing approach. This upgrade will enhance the platform's scalability and bring key features such as early block proposals, parallel node processing, consensus signature checks, and dynamic gas cost improvements.

The technical upgrades are expected to significantly increase transactional throughput, resulting in faster confirmation times and shorter finality. Additionally, the upgrade will introduce on-chain governance, an improved virtual machine, and a relayed transaction model that allows tokens on the network to cover gas costs.