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Blockchain, Featured, Press Release, Technology

HashCash Forges Partnership with US company for Metaverse Development

International blockchain specialist HashCash Consultants is elated to announce a collaboration with a major US-based company specializing in metaverse development. Metaverse is one of the most highly anticipated innovations incorporating blockchain technologies with global markets expected to increase multiple times in the upcoming years. 

Metaverse: Revelation of the Upcoming Revolution

Research experts estimate the global metaverse industry will scale over $800 billion within 2024. The consistent increase in VR/AR headset sales solidifies the fact that there is a growing interest surrounding the metaverse realm, VR/AR, Web 3.0, and blockchain-powered gaming. 

Also Read: There may be Conflicts Arising from Gen Z’s Expectations from the Metaverse

CEO Quote

Noted blockchain proponent and HashCash CEO Raj Chowdhury made the following statement regarding the latest collaboration:  

“The metaverse is developing at a massive pace drawing global attention for its limitless potential. While the interest in its impact is evident in gaming and crypto sectors, other industries will soon catch up to the utility of virtual environments.”

Impact of Blockchain and Crypto on the Metaverse

In a general sense, metaverse refers to a system that facilitates alternating between real and virtual worlds built upon the foundations of a functional decentralized economy. Blockchain is integral to the entire architecture of its development. Users can create or edit avatars in the metaverse, and trade in virtual assets or estates in the metaverse using crypto tokens. HashCash builds blockchain solutions for both gaming platforms and cryptocurrency exchanges

Also Read: The Metaverse Story: A Trillion Dollar Crypto Economy

Metaverse Applications

Chowdhury has been a proponent of incorporating technological innovations across multiple domains. He has previously voiced his opinion on the metaverse’s significance in Gen Z. In terms of application, he concludes, “The metaverse’s offering of simulations and virtual reality can be utilized in several domains reducing associated risks or operational costs. In addition to gaming and social networks, metaverse can become invaluable tools for healthcare, military, education, manufacturing, workspace, and many more.”

HashCash: Frontrunners of Blockchain Innovation

HashCash has been at the forefront of global blockchain innovation, winning international top honors for blockchain development. The company has ventured into the gaming industry in the past, offering blockchain exchange solutions and high-security HC Net networking platforms. Recently, the company made a notable contribution to UAE’s burgeoning crypto sector.

Wrapping Up

The metaverse is one of the most promising application prospects of blockchain innovation. Enterprises and institutions can harness disruptive technology to secure the best growth and revenue opportunities for their business, powered by digital transformation. 

Source: https://finance.yahoo.com/news/hashcash-announces-collaboration-us-metaverse-070000392.html

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