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Zilliqa Attracts Attention With New Initiative

The proposed Zilliqa Metaverse is drawing a lot of attention.

Zilliqa

In the new year, there are uncertainties around the survival of certain cryptocurrencies and also what blockchain innovation will be out of trend.

Interestingly, there is a new theme in the blockchain space, which is the Metaverse. Lots of projects are embracing this new trend, including Zilliqa.

Recently, Zilliqa made its big Metaverse announcement on Twitter, and since the announcement, the coin has been trending.

The announcement was made on Twitter.

Zilliqa, a layer-1 dApp development protocol is one of the latest projects to dive into the Metaverse trend.

A post on Twitter by Zilliqa teased Metapolis, the official Metaverse of the platform. According to Yahoo Finance reports, developers refer to the project as an “extended reality (XR)”.

Besides, XR is a combination of augmented reality (AR) and virtual reality (VR) technologies. The digital city will be constructed of domes that will contain real estate, games, brands, art, and more. It also uses the non-fungible token (NFT) and avatar model like other Metaverse projects. There was also a teaser video to give investors an idea of what this innovation is about.

Accordingly, developers are working on having Metapolis ready by the new year.

The New Frontier: Metaverse

The Metaverse is a digital reality that is a combination of online gaming, social media, augmented reality, cryptocurrencies, and virtual reality that allows users to interact virtually. This shared virtual environment is accessed by its users via the Internet. Also, the combination of virtual reality and augmented reality in the Metaverse is useful in creating a sense of virtual presence.

In addition, this new innovation in social media and entertainment is getting the backing of technology giants and venture capitalists.

Mark Zuckerberg, CEO of Facebook also believes that “augmented reality glasses will eventually be as widespread as smartphones.” Facebook also recently announced they will be rebranding into Meta Platforms. Thus, companies, brands, and projects far and wide are getting into the Metaverse in one way or another.

$ZIL Price Outlook

As of the time of publication, Zilliqa’s price was $0.080786 with a 24-hour trading volume of $189,869,189. ZIL price also dropped by 1.7% over the last 24 hours. Besides, it has a circulating supply of 13 Billion ZIL coins and a total supply of 21 Billion.

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