Enjin Assembles All Star Team of 70+ Projects for Decentralized Metaverse

[waybesuricata]

A group of over 70 projects is working to establish the decentralized infrastructure for the metaverse, as tech giants including Meta and Microsoft move to capture and centralize the nascent sector.

The group led by Enjin is seeking to create the ‘infrastructure for the decentralized, cross-chain metaverse’ on Efinity. Efinity is among the first batch of bids in Polkadot’s parachain auction and promises to create a ‘cross-chain NFT superhighway’ to service the development of Web3.0.

“With NFTs spreading rapidly beyond art and gaming, we have an opportunity to bring together creators from every corner of the globe in an open, decentralized, and collaborative metaverse,” Enjin CTO Witek Radomski told BeInCrypto. “Our goal is to bring NFTs to everyone, and working closely with our ecosystem partners brings us one step closer to this reality.

Explaining the benefits for the projects which work with Enjin and Efinity, Radomski went on to add, “The companies don’t need an in-house blockchain team in order to gamify their project with NFTs, and they won’t need to pay high gas fees on Ethereum either.”

Among the assembled participants is Hololoot and VRJam who will support the visual elements of the decentralized metaverse, offering augmented reality (AR) and virtual reality (VR) functionality. Other collaborators include Lost Relics, Age of Rust, Forest Knight, Dvision Network, Uniqly, Pluto Alliance, and SwissBorg.

Enjin has also created a $100 million fund to help further develop decentralized metaverse projects.


Source and continuation of news: https://beincrypto.com/enjin-assembles-all-star-team-of-70-projects-for-decentralized-metaverse/