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MultiversX CEO Analyzes Metaverse Approaches of Meta and Apple

The CEO of MultiversX, Beniamin Mincu, delved into the strategies of tech giants Meta and Apple in the burgeoning metaverse domain.

by Alexander
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The CEO of MultiversX, Beniamin Mincu, delved into the strategies of tech giants Meta (formerly Facebook) and Apple in the burgeoning metaverse domain. As the metaverse concept gains momentum, both companies have taken distinct approaches to shaping its future.

Meta’s VR Focus

Meta has directed its attention toward virtual reality (VR), even collaborating with Ray-Ban to launch smart glasses. Mincu suggests that this VR-centric approach may not align with the intuitive nature of the metaverse concept, as it concentrates on a single virtual world and a limited range of use cases.

Apple’s Spatial Computing Embrace

In contrast, Apple has embraced spatial computing, emphasizing augmented reality (AR). Mincu believes this approach is better suited for the metaverse vision. Apple’s AR glasses offer a more interactive and intuitive experience, as they enable users to engage with various aspects of the virtual world.

Mincu noted that MultiversX, previously known as Elrond, is aligning itself with the spatial computing approach. The platform recently underwent technical upgrades, enhancing its scalability and functionality. These upgrades include early block proposals, parallel node processing, consensus signature checks, and dynamic gas cost improvements.

The improvements promise a sevenfold increase in transactional throughput, resulting in faster confirmation times and shorter finality periods. Additionally, MultiversX is set to introduce on-chain governance, an enhanced virtual machine, and an improved relayed transaction model, enabling network tokens to cover gas costs effectively.

MultiversX’s commitment to spatial computing aligns with Apple’s vision for the metaverse, emphasizing a more interactive and versatile experience.

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