How LunaOne Is Challenging the Metaverse Game

Meta Platforms Inc. META CEO Mark Zuckerberg once described the metaverse as a virtual environment a person can go inside of instead of just looking at a screen.

In recent years, companies such as Meta Platforms, Microsoft Corp. MSFT, and Alphabet Inc. GOOG have invested billions of dollars into developing a 3D world, where people can virtually connect, play, shop, work, study and attend events. The Web2 ​paradigm remains unfriendly to consumers, builders, and developers, with Meta fees as high as 47.5% for selling items in its Metaverse. 

While Meta Platforms and Alphabet Inc., have started innovation around the metaverse, another unique company, LunaOne is dedicated to developing a metaverse that will stand out. 

LunaOne is working to pioneer a hyper-realistic metaverse that provides a hub for people’s digital selves to live, work and play in a decentralized society. LunaOne is an open-world concept that anyone can game, shop, learn and attend virtual events in in a 3D 360-degree immersive experience with a 1-to-1 representation of reality. 

From the company’s start, LunaOne leadership has been committed to making the experiences in its metaverse as close to real life as possible. To ensure proper functionality, the company developed proprietary intellectual property known as LunaOne-Chain, which was designed with over 400,000 transactions per second and uses directed acyclic graphs to ensure a fast and scalable blockchain.

LunaOne also says its metaverse is extremely secure. The company uses a decentralized file storage system that allows metaverse members to connect and store data by distributing it among all members of LunaOne.

Participants in the LunaOne platform can also participate in the marketplace built into the metaverse. LunaOne’s metaverse economy is based on a currency called XLN. The company has distributed roughly $25 million worth of XLN tokens to its 45,000 registrants. In LunaOne’s metaverse, participants can buy, sell and build on the virtual property and use tokens to make proposals that directly impact the governance and development of the metaverse itself.

While LunaOne claims to have put together an exciting and decentralized metaverse, the company’s leadership is also extremely excited about the team it put together to continue improving it. 

Beyond just a terrific highly capable staff, LunaOne is also excited to be working as a principal partner with the Metaverse Standards Forum. As the main partner, LunaOne will assist in overseeing the forum and funding its projects. This could allow LunaOne to help create the standardization that will ultimately allow for an open and inclusive metaverse across organizations.

As the metaverse continues to develop, LunaOne says it is confident it will be a thought leader in both its development and in providing access to the masses.

To learn more, go to lunaone.com.

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