Breaking News
Get 40% Off 0
👀 Reveal Warren Buffett's stock picks that are beating the S&P 500 by +174.3% Get 40% Off

Metamask Founder Joel Dietz Reveals Layer 1 Protocol for Metaverse Interoperability

Published Mar 17, 2022 11:00AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
Metamask Founder Joel Dietz Reveals Layer 1 Protocol for Metaverse Interoperability

  • Founding architect of Metamask Joel Dietz gets back to crypto after a multi-year break.
  • Dietz announced a new project called “MetaMetaverse”.
  • The project attracted many investors, such as DAO Maker, Ghaf Capital, Decasonic, Metaverse Group, and others.

Founding Architect of Metamask Joel Dietz has returned from crypto retirement to build a layer 1 protocol for Metaverse interoperability.

The MetaMetaverse is a cross-chain that includes a programming language for generating and managing metaverses, running games and simulations within, and mapping parallel realities.

Joel Dietz was well known in the early crypto industry not only for designing and securing the early funding for Metamask but also for establishing the academic field of cryptoeconomics, setting up the legal standards for utility tokens at Harvard and MIT.

He was also famous for creating the first governance protocols in crypto, including a project called Swarm that became the first regulated DeFi project in Germany.

Although Joel Dietz took a multi-year break from crypto, he decided to return because “the Metaverse needs its own language.” Dietz aims to enhance Metaverse interoperability to map human experiences by a coordinate system, known as metametalang.

According to Dietz, every type of human experience can be mapped on coordinates and can be made accessible to others.

That “language” can be used to generate and map metaverses. The platform also boasts crucial features, such as dividing space into cubes. Users can place cubes inside of cubes and shrink themselves to experience it, leading to an Alice and Wonderland effect.

The MetaMetaverse project attracted $2 million in December 2021 through a seed funding round from various prominent investors.

Participants included DAO Maker, Ghaf Capital, Decasonic, Metaverse Group, The LAO, Neon, Router Protocol, PARSIQ, IQ Protocol, Terrasurge Capital, Polygon Studios, Hilman Capital, 3Commas Capital, Carl the Moon, Electric Feel, DeBrididge, CV Labs, and Bobas Network.

Chris Furlong of Neon noted: “Neon is proud to support Meta Metaverse. This is one of the most innovative teams in the space, creating not only gorgeous worlds within worlds but a new set of underlying protocols and piping that will be used in the open metaverse for years to come.”

MetaVerse As a Service

MetaMetaverse also provides tools for people who want to build their own metaverse. Each individual or corporate can get their own metaverse. Each metaverse can be subdivided and sold.

MetaMetaVerse positions itself as a marketplace for metaverses. That concept goes beyond selling metaverses to individuals and corporations. Owners of metaverses can sell items inside their custom-created world. Moreover, MetaMetaverse sells specialty items, including MetaShips, to enhance the overall user experience.

MetaMetaverse founder Joel Dietz also said:

Metaverse is ten times bigger than crypto. In 30 years every building in every city will be designed and sold in the Metaverse. We are building the protocol that will allow the higher-end assets and clear business use cases to be supported. We are happy so many notable investors, cross-chain bridges, and existing layer 2s are supporting this layer 1 protocol for metaverse interoperability.

On the traversing front, MetaMetaverse will drop a free MetaShip to 1,000 lucky winners who complete a few steps across social media. The MetaShips are a vital way to travel around the MetaMetaverse. Every MetaShip has utility and can be upgraded for faster travel, better stats, functionality, and a different style.

Continue reading on CoinQuora

Metamask Founder Joel Dietz Reveals Layer 1 Protocol for Metaverse Interoperability
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.
  • Any comment you publish, together with your investing.com profile, will be public on investing.com and may be indexed and available through third party search engines, such as Google.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email