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NewsCrypto Set to Create its Metaverse Ecosystem on The Efinity Parachain

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Cryptocurrency education and trading ecosystem NewsCrypto recently showed intentions to create its Metaverse ecosystem on Enjin’s Efinity parachain. 

The new NewsCrypto Metaverse ecosystem will include all things crypto. They range from trading to education and even interaction. This move toward the Metaverse will allow the community to engage within a framework that allows for higher levels of awareness.

The Virtual Reality-based ecosystem will take off in the Fourth Quarter of 2022, with deployments in stages until a 2026 finale. 

 

The NewsCrypto Metaverse Ecosystem Will Come With Cool Features

The NewsCrypto Metaverse ecosystem will come with features that allow users to interact freely. One of these features is VR rooms.

These virtual offices will be fully customizable. Traders will set up their virtual offices with all kinds of trading tools, including certificates from the NewsCrypto trading academy.

Unique objects within the ecosystem will be exchangeable and transferable as Non-Fungible Tokens (NFTs). That takes the ecosystem to another level, as NFTs within the Enjin ecosystem are sought-after across the web3 space. 

It brings to the fore the importance of emerging technologies within the web3 industry. Web3 technologies depend on other technologies to increase adoption and use. 

The new NewsCrypto Metaverse ecosystem will increase the adoption of web3 technologies. It also shows how far platforms like NewsCrypto have come in their quest to enable adoption. 

The move to Virtual Reality shows a shift towards technologies that will change how individuals interact. Metaverse ecosystems are the future. NewsCrypto’s move in this direction is proof that the ecosystem will be a part of that future. 

 

The Age of The Social Media Network is Over 

The emergence of web 2.0 gave us technologies such as social media networks. That age is ending as the world moves towards web3 technologies. Instead of social media networks, humanity now has access to Metaverse ecosystems, blockchain technologies, Fungible and Non-Fungible tokens (NFTs), and so on. 

It has enabled further innovation that has spurred the creation of ecosystems and more that enables borderless interactions. It is already clear from the big tech announcements that the Metaverse ecosystems are a big deal. 

Big tech misses the point. By not linking Metaverse ecosystems with web3 technologies, these companies have missed out on the enormous wave of adoption that will occur once they go mainstream. 

Social media networks have benefited humanity. 

We have reaped the rewards of participation in Social Media ecosystems. Metaverse ecosystems will offer significant benefits via usage and involvement. Some of these benefits include the merchandising of products via NFTs, virtual interactions in real-time using avatars, and so on. 

The NewsCrypto Metaverse ecosystem provides insight into such benefits. Traders will now interact virtually and find ways of improving their trading strategies, among other benefits. 

With different flexibilities offered to users, the NewsCrypto Metaverse ecosystem will allow users to create environments that make them feel comfortable. This element of choice allows for freedom and will be a cornerstone of operations of the Metaverse ecosystem. 

 Vid Gradišar, CEO and Co-Founder of NewsCrypto, said.

 “We believe the Metaverse will be the most important frontier for bringing crypto into the mainstream, and the current wave of adoption has only just begun”.

He continued. 

“That’s why we’re building the biggest upgrade yet to the NewsCrypto ecosystem by bringing it to an open, interactive, social, and feature-packed virtual universe in collaboration with Enjin, an NFT industry leader”.

The NewsCrypto Virtual Reality (VR) ecosystem will also allow for the purchase and sales of virtual real estate represented by NFTs. It adds value to the ecosystem as traders and users create and monitor transactions by themselves. 

Once the ecosystem comes on stream, the platform will draw attention far and wide. It represents a fundamental change where ecosystems are now the in-thing. They are now, rather than singular systems. Until recently, that has been an enigma.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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