HBAR Foundation Provides Grant to Support Growth of the Metaverse - LAVNCH [CODE]

HBAR Foundation Provides Grant to Support Growth of the Metaverse

Metavrse logoThe HBAR Foundation and MetaVRse—a web-based, low-code 3D creation platform—have partnered to build metaverse solutions for the world’s largest organizations on the Hedera Network.

The creation of the metaverse will require tools that are easy to use and accessible to all, and MetaVRse is enabling creators to build the next generation of the internet quickly and simply with turnkey solutions. The HBAR Foundation is supporting these efforts via a grant and organizational support to fuel building the infrastructure of the enterprise metaverse on the Hedera Network.  The organizations share a vision that the future belongs to creators, and this partnership will open up massive opportunities for careers in the metaverse.

“The metaverse is the future of human communication. This partnership brings the best-in-class services of MetaVRse and the Hedera Network together to unlock the power of the metaverse for everyone,” said MetaVRse co-founder Alan Smithson.

“MetaVRse is well-positioned to provide the tools to build the metaverse,” added Alex Russman, HBAR Foundation director of NFTs and virtual worlds “We see their code-optional approach to creating 3D experiences, augmented reality, and virtual worlds as one catalyst for the Cambrian explosion of XR experiences we will see deployed in the coming years.”

The HBAR Foundation fuels growth of the Hedera ecosystem by providing grants and resources for technical assistance, marketing and business development to developers, startups and organizations building on the network. Hedera offers 10,000 transactions per second, near real-time settlement, and low fees and bandwidth consumption. Since launching in 2018, the public network has processed over 1.75 billion transactions generated by real-world applications.