How Cudos is powering the metaverse
Let’s begin by exploring what a metaverse is?
There’s no universally accepted definition of the metaverse except that it’s the next stage in the evolution of the internet. As Matthew Ball, author of the extensive Metaverse Primer, puts it, “The metaverse is an expansive network of persistent, real-time rendered 3D worlds and simulations that support continuity of identity, objects, history, payments, and entitlements, and can be experienced synchronously by an effectively unlimited number of users, each with an individual sense of presence.
The metaverse provides immersive experiences through the confluence of augmented reality (AR), the Internet of Things (IoT), 5G, artificial intelligence (AI), and other technologies. Much of the advancements around the metaverse are built around gaming, virtual meetings, shopping, digital concerts, and more with the integration of blockchain and NFTs.
But the journey hasn’t been smooth for the metaverses supported by the centralised cloud services, as lag and server outages remain an issue. Evidently, the current computing infrastructure isn’t enough to create immersive virtual environments. For the real-time rendering of digital avatars with realistic details and high-end NFTs, platforms need a steady supply of computing power with low latencies for data transfer.
As the demand for computing increases, the hyper-scalers rely on more data centres to fill the gap, increasing energy consumption and undesirable carbon footprint levels.
But in the race to meet computing needs, we cannot overlook the need to embrace environmentally sustainable options.
Our network offers a solution by providing near-limitless computing power through a global network of service providers. We are a marketplace where the demand-side can access computing capabilities cheaper than hyper-scale providers while enabling the suppliers to earn revenues from their spare hardware resources.
As a Layer 1 interoperable blockchain, Cudos solves this issue by embracing cross-chain support. It is built on the Cosmos ecosystem utilising the Inter-Blockchain Communication (IBC) protocol. The IBC protocol allows interoperability between different chains in the Cosmos SDK ecosystem, facilitating transfers of tokens, assets, NFTs, and data between them and the building of cross-chain applications.
Additionally, using the Gravity Bridge, the Cudos network supports transfers of assets to and from Ethereum into the Cosmos hub with the ability to move them across other Cosmos chains.
The soon-to-be-launched Cudos blockchain will function using its own native CUDOS token and provide affordable transactions. The network is designed to mint, own, or transfer NFTs without spending on heavy gas fees.
The metaverse is fast emerging as the next big technology platform, tightly integrating real and virtual worlds. Consequently, blockchain networks like ours will be fundamental to effectively architect its future.
Build on Cudos!
We’re out to improve blockchain and cloud technology whilst reducing their harmful environmental effects. Our network offers a cheaper and more energy-efficient alternative for dApps, asset ownership, and transfer. Check out our docs and start building on Cudos today!
Join Cudos’ Discord server
Join Cudos’ Telegram community
Buy CUDOS
Become a Cudos’ ambassador
Come build on the Cudos network!
About Cudos
Cudos is powering the metaverse bringing together DeFi, NFTs, and gaming experiences to realise the vision of a decentralised Web3, enabling all users to benefit from the growth of the network. We’re an interoperable, open platform launchpad that will provide the infrastructure required to meet the 1000x higher computing needs for the creation of fully immersive, gamified digital realities. Cudos is a Layer 1 blockchain and Layer 2 community-governed compute network, designed to ensure decentralised, permissionless access to high-performance computing at scale. Our native utility token CUDOS is the lifeblood of our network and offers an attractive annual yield and liquidity for stakers and holders.
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Originally published at https://www.cudos.org.
