MyMetaverse is an NFT-enhanced gaming network that aims to achieve a real-life equivalent of Ready Player One. That’s a lofty goal by anyone’s standards, but the team at MyMetaverse are well on their way, already with servers for Grand Theft Auto 5 and Minecraft that can have NFTs integrated.
MyMetaverse is still in the early stages, but with a lot in the works. To build the ecosystem they’re going to, there are a number of technical difficulties that need to be overcome. This is part and parcel of being one of the first of anything, and with the race for the metaverse in full force, those who can solve these problems will see themselves far ahead of the competition.
One of the most fundamental decisions to make for a metaverse is the blockchain on which it is built. A slow, expensive blockchain will detract players and creators, as well as inhibiting any scalability. MyMetaverse has had close ties to Enjin since the beginning, and so it isn’t wholly unexpected that MyMetaverse will be integrating its two current games, and all future games, into Efinity.
Efinity is a next-generation parachain developed by Enjin on the Polkadot blockchain. A parachain is its own blockchain, but one that uses its relay chain (Polkadot) for the security and accuracy of transactions. Efinity will have extremely minimal transaction fees, nothing like the sort of gas fees paid on Ethereum, but its magnum opus is the speed of the chain. Internal tests of Efinity by its development team allowed them to mint 120,000,000 NFTs per 6-second block.
“You can mint twenty million NFTs per second on Efinity’s layer one blockchain. There is no
other layer one or layer two solution with this kind of NFT scalability on its roadmap or
horizon. Meanwhile, Efinity is already in closed alpha and posting these numbers,” said
Simon Kertonegoro, CEO of MyMetaverse. “When Efinity goes live, NFT volume is going to
flow organically onto it. I honestly think it’s the fastest, most affordable, and most feature-rich
NFT blockchain that can ever exist.” — Simon Kertonegoro, CEO of MyMetaverse
I work with MyMetaverse on a regular basis as a writer, so I have tried my best not to allow any of my opinions in this article to avoid accusations of bias, but I will say this: as blockchains like Efinity open up, blockchain gaming — which is already growing at an alarming rate — will become supercharged, shedding the shackles of older chains. For the metaverse (and there needn’t be only one; I’ve never been much of a maximalist) to be viable, these are the sort of important foundations that need to be built.
We’re getting close.