• Home
  • Latest News
  • Cryptocurrency and NFT
  • Virtual Worlds
  • Learning Zone
  • Videos
    • News
    • Learn
  • FAQ
  • Directory
Monday, September 14, 2026
Metaverse News Outlet
  • Home
  • Latest News
  • Cryptocurrency and NFT
  • Virtual Worlds
  • Learning Zone
  • Videos
    • News
    • Learn
  • FAQ
  • Directory
No Result
View All Result
  • Home
  • Latest News
  • Cryptocurrency and NFT
  • Virtual Worlds
  • Learning Zone
  • Videos
    • News
    • Learn
  • FAQ
  • Directory
No Result
View All Result
Metaverse News Outlet
No Result
View All Result
Home Cryptocurrency and NFT

MultiversX eyes metaverse scalability as CEO sheds light on spatial computing

2023-10-19
in Cryptocurrency and NFT
0
MultiversX eyes metaverse scalability as CEO sheds light on spatial computing
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

The metaverse gained attracted a lot of interest from the crypto community and venture capital firms during the peak of the previous bull market. The likes of Meta and Apple joining the metaverse bandwagon only gave more legitimacy to the concept, but both multibillion-dollar tech firms have taken quite a different approach toward it.

On one hand, Meta shifted its entire focus to virtual reality (VR) and recently released new smart glasses in partnership with Ray-Ban, while Apple incorporated a spatial computing approach focused on augmented reality (AR) and launched its own AR glasses earlier in 2023.

Beniamin Mincu, the CEO of blockchain-based metaverse-focused platform MultiversX, believes the spatial computing approach by Apple is more catered toward the metaverse goal than Meta’s VR Quest headset. In an exclusive interview with Cointelegraph editor Zhiyuan Sun, Mincu said that Meta’s focus on virtual reality could be a mistake, as it isn’t as intuitive, while Apple’s spatial computing approach makes the AR glasses a more intuitive experience.

He explained that Meta’s glasses are only fixated on a particular virtual world, while the metaverse concep is more about an interactive experience within that virtual world. The glasses focus only on one use case rather than multiple ones:

“I think the most fundamental one that changes the conversation is viewing a lens or an interface as a spatial computing device. I think this is a very underrated paradigm shift that Apple has introduced. So this is why spatial computing, it seems like it’s the same thing, which is a different world.”

Spatial computing refers to the processes and tools used to capture, process and interact with 3-dimensional data. It can include the Internet of Things, digital twins, ambient computing, augmented reality, virtual reality, artificial intelligence and physical controls. Spatial computing is human interaction with a machine, in which the device retains and manipulates referents to real objects and spaces.

Related: The Sandbox co-founder explains how the metaverse has evolved for brands: Web Summit 2022

Mincu added that MultiversX’s new technical upgrades on Oct. 19 will align it with the spatial computing approach and make it more scalable. The technical upgrade would bring key features to the platform, including early block proposals, parallel node processing, consensus signature checks and dynamic gas cost improvements.

These technical upgrades promise to increase transactional throughput seven times, with faster confirmation and shorter finality. Among other notable changes, the new upgrade will bring on-chain governance, a new and enhanced virtual machine, and an improved relayed transaction model, which would allow tokens operating on the network to cover gas costs.

Source link

Tags: CEOComputingEyesLightMetaverseMultiversXscalabilityshedsspatial
Share76Tweet47
Previous Post

BTC Price Prediction | Bitcoin Price Prediction As $28k Support Holds

Next Post

mstylelab: Macy’s Newest Venture into Digital Fashion

Related Posts

Meta Begins 8,000 Job Cuts, Starting in Singapore

Meta Begins 8,000 Job Cuts, Starting in Singapore

2026-05-20
0

Meta has reportedly begun cutting staff in Singapore as the company executes a plan to reduce employee numbers by 8,000...

Mark Zuckerberg is Reportedly Using a Personal AI agent to Speed Up Work

Mark Zuckerberg is Reportedly Using a Personal AI agent to Speed Up Work

2026-03-23
0

Meta CEO and co-founder Mark Zuckerberg is reportedly building an AI agent to help handle his work in managing the...

Meta Shuts Down Horizon Worlds on Quest Headsets

Meta Shuts Down Horizon Worlds on Quest Headsets

2026-03-18
0

Meta Platforms will shut down its Horizon Worlds metaverse for virtual reality users in June, pivoting to a mobile-only experience...

Flow Files Court Motion to Block Korean Exchange Delistings

Flow Files Court Motion to Block Korean Exchange Delistings

2026-03-09
0

Nonprofit organization Flow Foundation and its parent company Dapper Labs on Monday filed with the Seoul Central District Court to...

Crypto Use Cases Narrow, but Will Show Its Winners: NYDIG

Crypto Use Cases Narrow, but Will Show Its Winners: NYDIG

2026-02-23
0

The number of crypto applications that can attract investors is starting to shrink as the industry matures, but that could...

Load More

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
Top 5 Biggest Metaverse Crypto Projects for 2022

Top 5 Biggest Metaverse Crypto Projects for 2022

2022-01-16
Why Are Photographic Avatars Vital for Work in the Metaverse?

Why Are Photographic Avatars Vital for Work in the Metaverse?

2022-01-02

Gateway to the Metaverse | Monthly Memos from Hrish Lotlikar

2022-01-04
YouTube’s Primetime Channels bring streaming movies and TV into the YouTube app

YouTube’s Primetime Channels bring streaming movies and TV into the YouTube app

2022-11-01
Someone paid 450k to be Snoop Dogg’s virtual neighbour

Someone paid 450k to be Snoop Dogg’s virtual neighbour

0
Metaverse Land On Solana Is Also Gaining Value Rapidly

Metaverse Land On Solana Is Also Gaining Value Rapidly

0
Snoop Dogg Sandbox Sale Goes Live Today!

Snoop Dogg Sandbox Sale Goes Live Today!

0
Metaverse Land Sales Are Flying

Metaverse Land Sales Are Flying

0
Why Meta and Alphabet’s Stock Have Been Struggling Lately

Why Meta and Alphabet’s Stock Have Been Struggling Lately

2026-08-27
I’m a College Professor. Here’s How AI Has Changed the Way I Teach

I’m a College Professor. Here’s How AI Has Changed the Way I Teach

2026-08-17
Who Owns Napster?

Who Owns Napster?

2026-08-05
AI Influencers Are Heading Into Uncharted Territory

AI Influencers Are Heading Into Uncharted Territory

2026-08-05

Metaverse News Outlet

Our mission is to bring you the latest metaverse news and help you learn about the metaverse. It doesn't matter if you're a metaverse beginner or a metaverse noob, we've got you covered. Be sure to check out our Learning Zone to find out how you can join the metaverse if you want to get involved.

Categories

  • Cryptocurrency and NFT
  • Latest News
  • Learning Zone
  • Virtual Worlds

Recent Posts

  • Why Meta and Alphabet’s Stock Have Been Struggling Lately
  • I’m a College Professor. Here’s How AI Has Changed the Way I Teach
  • Who Owns Napster?

No Result
View All Result
  • Home
  • Latest News
  • Cryptocurrency and NFT
  • Virtual Worlds
  • Learning Zone
  • Videos
    • News
    • Learn
  • FAQ
  • Directory

© 2018 Metaverse News Outlet.