Optimism in Zilliqa’s ZIL quadruples as the Metaverse Service Launches Metapolis

Metapolis, a metaverse-as-a-service platform based by Zilliqa’s blockchain, will be live on April 2.

The ZIL token from smart contract platform Zilliqa has tripled in six days to become one of the top performing cryptocurrencies of the month.

According to data source Messari, the token has grown 300 percent to $0.186 from $0.045 on March 26 — with values increasing roughly 20 percent in the last 24 hours. The cryptocurrency had a 321 percent rise for the month as of press time, the biggest among digital assets with a market value of at least $1 billion.

Social media buzz surrounds Zilliqa’s Metapolis, a metaverse-as-a-Service (MaaS) platform set to debut with a VIP event on April 2, 2022, in Miami, Florida.

“We are just getting started,” Redditor BlockChayne wrote in a Reddit post earlier this week after reviewing Zilliqa’s progress in 2021. “Leading the charge is the game-changing Metapolis, which will enable Zilliqa to spread its meta-wings across a variety of verticals and blockchains.”

The metaverse is a combination of virtual reality (VR), augmented reality (AR), and the internet. It essentially attempts to recreate the democratic real world via cyberspace. According to Markets and Markets, the augmented reality industry is expected to increase from $15.3 billion to $77 billion by 2025, at a compound annual growth rate of 38.1 percent. In 2025, the virtual reality market is expected to rise from $6.1 billion to $20.9 billion.

What makes Metapolis unique?

Metapolis, often known as the “metaverse for all,” is a service that provides clients with a blank canvas on which to create their own virtual universe.

While many predict that the Metaverse sector will expand in the next years, getting access to it will be difficult for the ordinary public because developing virtual infrastructure needs major investment and technological knowledge. Meta, formerly Facebook, lost $10 billion on its augmented and virtual reality activities last year. The loss was reportedly five times greater than the sum spent by Facebook for Oculus VR in 2014, and 10 times greater than Instagram’s purchase cost.

Metaverse-as-a-service providers, such as Metapolis, provide the necessary technology and infrastructure for customers to establish and manage their own metaverses. The service providers essentially remove the high-cost entrance barrier, allowing smaller firms to enter.

“Metapolis, whose suffix means ‘city’ in Greek, is designed as a cutting-edge extended reality (XR metaverse) — a hybrid of AR and VR — and is powered by Zilliqa’s scalable and secure blockchain platform,” Aparna Narayanan, Zilliqa’s head of communications, stated in a blog post published in December.

“Metapolis would enable conceptually rich and custom-designed domes as part of cities that can hold brands, artists, concepts, games, e-stores, real estate, or other digital activities – providing a new layer of connection for both the physical and digital worlds.” “Metapolis appears to be self-sustaining, with interaction layers like NFTs, e-commerce, play-to-earn, digital mannequins, advertising billboards, and more,” Narayanan noted.

According to a March 25 press release, Metapolis is built on “unreal engine” – a powerful real-time 3D development tool for photoreal images and immersive experiences – which means the user experience will most likely equal that of top games.

Metapolis recently announced a relationship with Agora, the global talent awards app, and garnered $2 million in pre-launch income from its client pipeline.

“We are enthusiastic about this collaboration because we will be able to bring not only creation to life within the metaverse, but also provide borderless access for creatives all over the world to connect in the digital world.” “The collaboration between Agora, Zilliqa, and Metapolis places us at the vanguard of web 3 innovation,” Sandra Helou, Zilliqa’s head of metaverse and non-fungible tokens, stated in a news release.

Disclaimer: These are the writer’s opinions and should not be considered investment advice. Readers should do their own research.

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