INTRODUCING METAVERSE AS A SERVICE (MaaS)
Have you heard about Propel? Did you know the Metaverse could serve as a service feature of Propel? Prepare to be mind-blown as I take you through this interesting discovery.
First, we’ll begin with:
What is Propel?
Propel is the solution to the problem of building a high-quality blockchain project. Anyone building a blockchain must begin from scratch, which would require engineering hours, infrastructure costs, and quality assurance. And there are few references and sources to consult to create an exceptional development as there’s no easy way to the adoption of DeFi and Metaverse. This is where Propel comes in-
Propel identified the need for a resourceful toolset in the industry and therefore became the first-ever Metaverse as a Service (MaaS), DeFi as a Service (DaaS), and Staking as a Service (SaaS) infrastructure provider.
What does Propel do?
Propel delivers a one-stop tech stack for developers and companies to build on outstanding blockchains such as Ethereum, Polygon, Polkadot, xDAI, and Binance Smart Chain (BSC). The aim of Propel is to decrease the repetitive work for Blockchain Projects and simplify the creation of Metaverse and DeFi Projects.
Now let’s see how metaverse serves as a service feature of Propel. But first, let’s know what the metaverse is…
What is the Metaverse?
The Metaverse is a merging of virtual and physical reality, where an avatar, allows humans to interact socially and economically in cyberspace. When Metaverse and Blockchain are combined, a decentralized, immersive virtual space is formed; which allows users represented by avatars to shape their surroundings, buy and sell digital goods in the form of NFTs with cryptocurrencies.
How does Metaverse serve as a Service Feature of Propel?
Metaverse as a Service (MaaS) is a new on-demand delivery model for various software, tools, and solutions for the development of Metaverse Ecosystems. These components can be easily customized and implemented in various combinations to create metaverse ecosystems.
The use of MaaS will significantly reduce the development times, which will enable projects to implement their metaverse ecosystem or join existing ones.
In addition to the save of time and resources, the Smart Contracts, Custom Libraries, DeFi, and NFT modules will ensure the project does not face any security issues, which is often a common problem when developing from scratch.
MaaS also provides ready solutions for brands that will enable them to quickly grow their channels and secure their presence in the metaverse. These channels will help them deliver digital along with physical goods to the metaverse users, which appeals to their vanity and importance.
Some of the major MaaS solutions offered by Propel include:
- NFT Utilities: NFTs are the building blocks of metaverses as they represent several elements within the ecosystem. These enable projects to extend the functionalities of NFT tokens. The NFTs utilities include NFT Renting (re-NFT), Fractional NFT (f-NFT), and NFT Staking (s-NFT).
- Smart Verse Contracts: This enables the automation of several functions through a chain of smart contracts interconnected through the logic of creation and functionality. These contracts play an essential role in enabling interactions between users, objects, and metaverse economics.
- Core Metaverse: This enables brands and project creators to tokenize virtual products in the metaverse applications, which makes it possible to build communities, offer attractive merchandise and other digital assets to users.
In conclusion, The metaverse is an area to watch: big tech’s commitment to it makes that a given. However, according to a Forrester survey in August, it is early days, and 29% of adult consumers in the U.S. said they “still don’t understand it.” Expect that to change soon as the noise around the metaverse and virtual worlds gets louder.
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