Importantly, MaaS will not help companies build their own Metaverse equivalents that compete with Decentraland or Roblox, but will instead allow companies to gain from existing Metaverse infrastructure, similarly to how SaaS operates. The company already operates its own cryptocurrency token called LACE and intends to offer MaaS services to streamline Metaverse adoption. It announced its MaaS offering at the Consumer Electronics Show (CES) 2022, where it launched MCity. Organizations can sign up for a .metaverse domain, which will provide them with a secure VR space to build metaverse campuses. Eventually, MaaS could drive standardization in the sector, with a few companies acting as Metaverse ‘brokers’ to help in infrastructure development.

Source: Libya Today March 18, 2022 08:34 UTC