24 February 2024
MAD Metaverse, led by CEO Zalo Correia, has received an undisclosed strategic investment from DWF Labs, a Web3 venture capital business and worldwide digital asset market provider. For the sake of bolstering the NFT project's ecology, DWF has joined the MAD Metaverse team as a strategic adviser. DWF Laboratories is a venture capital firm that backs and invests in cutting-edge Web3 Cryptocurrency businesses with the potential to become market giants. To help MAD Metaverse reach new heights, the company will provide strategic advice, consultancy, smart contract audits, and other strategic services.
Also Read: How Do Web3 And The Metaverse Fit Together?
What is Metaverse?
The term "metaverse" refers to the notion of a permanent, online, 3D cosmos that integrates several types of virtual worlds. It's like the Internet of the upcoming years, if you will. Users will be able to collaborate, convene, play, and interact in these virtual worlds thanks to the metaverse. Some platforms have features reminiscent of the metaverse, even if the metaverse itself does not yet present in its entirety. Computer games are presently the nearest approximation to a metaverse encounter that we have. Creating virtual economies and holding events within games are two examples of how creators have expanded the definition of a video game.
Cryptos are well suited to a metaverse, however they are not essential. In this way, various utility tokens and digital collectibles may be used to establish a decentralized digital economy (NFTs). Utilization of Cryptocurrency wallets like Trust Wallet as well as MetaMask might be useful in the metaverse as well. In addition, blockchain technology has the potential to deliver trustworthy and open administrative structures. Currently, individuals may make a decent living via the use of programs that are similar to the blockchain as well as the metaverse.
Many players depend on play-to-earn games like Axie Infinity to supplement their income. Other than SecondLife, Decentraland is another instance of a blockchain-based virtual reality application. Massive corporations in the technology sector are making strides to become the industry's de facto leaders in shaping the future. Nonetheless, due to the blockchain industry's decentralized nature, even tiny firms may take part in the evolution of the metaverse.
Continuation of MAD Metaverse and DWF Labs
We could see immense possibilities forward as well as the importance that initiatives like MAD Metaverse are delivering to the industry, and MAD Metaverse is another step towards the fulfillment of its Web3 goal. Working with a prestigious international investment business like DWF Laboratories is a great honor for the whole team. The backing of MAD Metaverse is a sign that the Web3 sector and the NFT business have plenty of room to grow.
One such Metaverse game is MAD Metaverse, which was developed on the Ethereum platform and allows players to earn rewards as they play. Inside the game, players may play with 3 sorts of NFTs, i.e., MAD Metascientists, MAD Metacells, and MAD Nanocells. In this game, "evolutionary NFTs" (Non-Fungible Tokens) take center stage, with unique qualities as well as mechanisms that make them more and more valuable as the game advances.
More About DWF Labs
DWF Laboratories is a Singaporean, Swiss, British Virgin Islands, UAE, South Korean, and Hong Kongese multi-stage web3 investment and digital asset market provider. Digital Wave Finance (DWF), the parent business of which the investment firm is a subsidiary, is one of the biggest high-frequency Cryptocurrency trading companies on the planet. DWF is active in the spot and derivatives markets of more than 40 major Crypto transactions.
More About MAD Metaverse
The major avatars in MAD Metaverse are 10,200 MAD Metascientists, who inhabit a post-singularity virtual world. To create new MAD Metacells as well as MAD Nanocells, both of which evolve over time, players must explore the Madverse in pursuit of $BIOMETA, the game's native money. Certik as well as other blockchain auditing organizations have verified the game's integrity. Additionally, the team has formed alliances with a few of the sector's most prestigious names in game creation and development, such as Kevuru Games, EA Games, as well as Ubisoft.
Disclaimer: The author’s thoughts and comments are solely for educational reasons and informative purposes only. They do not represent financial, investment, or other advice.