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When speaking of the metaverse, one often invokes the idea that it is a singular virtual space. The reality, however, is that there are multiple parallel metaverses being built at once. Of course, there is the metaverse being developed by Meta (Facebook). Then there are metaverses in development on notable blockchains, such as Ethereum. Two such examples include the Sandbox and Decentraland.
What is manifesting before our eyes is better described as the “Multi Metaverse” (drawing on a popular science fiction concept known as the multiverse). But for the multi metaverse to truly take shape, they’ll need to be able to share information and assets with one another. They will need to be “interoperable”.
The key to building a true metaverse is ensuring their interoperability.
What is Interoperability?
Interoperability is the idea that independent blockchains have an awareness of what takes place on separate platforms. This awareness allows smart contracts on either platform to respond to events taking place on another.
The key here is that there is two-way communication happening between both platforms. If the communication is only one-way, then it doesn’t quite have interoperability.
Why is Interoperability Important?
The reason why interoperability is desired is so that platforms can piggyback on one another’s innovations and achievements. After all, the whole is greater than the sum of its parts.
Each blockchain is a network with its own set of users contributing to that particular platform’s network effects. By creating interoperability between two platforms, the ease in which a user can migrate their assets, attention, and activity to the other is dramatically increased.
Interoperability is all about compounding growth and maximizing efficiency.
Building Interoperability
One of the reasons Ethereum was, and is, so successful is that every token and smart contract (ERC20, ERC721, ERC1155) on Ethereum is interoperable with the next. This led to an explosion of innovation within Ethereum because of the multitude of ways these smart contracts can be combined.
So, while tokens on Ethereum are by default interoperable with one another, different blockchains aren’t. They cannot “talk” to each other without significant engineering taking place. By creating these communication pathways, a network of blockchains can be formed creating a tide that lifts all boats.
The Ethereum Virtual Machine
If there is one innovation that is simplifying building blockchains that are interoperable with one another, it’s the Ethereum Virtual Machine (EVM). All you need to know is that it’s an operating system that runs smart contracts.
When a developer builds a decentralized application (dApp) for Ethereum, it can also be deployed onto any blockchain that also has an EVM built into it. For example, Polygon and Binance Smart Chain both have an EVM built into their system.
EVM based blockchains are already “speaking the same language”. So interoperability is already somewhat easy to build between EVM compatible networks. The real trick will be creating interoperability between fundamentally different blockchains such as Bitcoin and Ethereum.
Interoperability on Mozverse
The importance of interoperability is understood and prioritized at Mozverse. So when a business creates their NFT marketplace within a metaverse, it’s able to be visited in a separate metaverse. When a user buys an NFT from a store on Ethereum, it’s able to be used within Polygon. By recognizing the key benefits that interoperability brings, Mozverse is bringing immense value to businesses and enterprises who create their Web3 presence through Mozverse.
Mozverse understands that interoperability is about starting with the right technologies and having a grasp on where the Web3 movement is going. It’s clear that Ethereum and its related technologies will be around in the future. As a partner to businesses and enterprises creating NFTs and a Web3 presence, it makes sense to choose the most viable option in the present and the future.
Team Behind Mozverse
The team behind Mozverse is led by Danny Mozlin, the firm’s creator and cofounder. Danny is an entrepreneur with his hands in a number of technology sectors, including virtual and augmented reality. He combines his experience working wirth virtual spaces with his knowledge of cryptocurrencies and Web3 to create a unique offering for companies entering the metaverse. With the help of his cofounder Zach Hirsch, and a team of more than 20 engineers, marketers, and designers, Mozverse is filling a crucial gap in the emerging industries around the metaverse.
