NewsCrypto has revealed plans to create an interactive crypto trading suite in their own Metaverse that will be built on Enjin’s Efinity parachain. NewsCryptoVerse will allow both novice and experienced traders to take part in education, copy trading, and other activities.

NewsCrypto announced that they will move their entire ecosystem – along with many expansions – into a VR setting starting in Q4 2022. NewsCryptoVerse’s core component will include fully customizable virtual offices that traders can outfit with their trading tools and personalized certificates.

This venture was funded by a 1 million NWC grant. The first phase will see the MVP for virtual offices launch in Q4 next year. Decentralization and security being key issues, all user avatars as well as certificates and tradeable objects will be represented using non-fungible tokens. The project’s entire suite of on-chain features and tokens will be developed within the Enjin ecosystem, benefitting from extremely fast, negligible-fee transactions on the Efinity parachain and the security of the network.

NewsCryptoVerse covers five aspects of crypto, including education, work, entertainment, networking, and a market. These activities can be done in various virtual locations, including a university building or office space. A trading room is also available. The NewsCryptoVerse will allow users to pick the right environment for them, such as the type of music they like, or the aesthetics that appeal most to their tastes. Trades can be done in their office, or with other traders in an open trading area resembling an 80s stock market. These spaces offer plenty of opportunities for networking. This will allow users to either learn from other traders, or build their personal brand as crypto educators. Of course, NewsCrypto’s existing products – along with many upgrades and expansions – will still be available through the current interface on the NewsCrypto Platform and app, but many social and networking-focused features, such as virtual offices, will be exclusive to the NewsCryptoVerse.

As more and more brands have started migrating to the Metaverse – especially since Facebook (NASDAQ:) rebranded to Meta in October – the NewsCryptoVerse will also offer companies, brands and crypto startups a new avenue in which they can expand their products. Through partnerships or direct purchases, projects can create customized virtual spaces. This allows for greater user acquisition in crypto-focused areas.

This was echoed by Vid Gradišar, CEO and Co-Founder of NewsCrypto: “We believe the Metaverse will be the most important frontier for bringing crypto into the mainstream, and the current wave of adoption has only just begun. That’s why we’re building the biggest upgrade yet to the NewsCrypto ecosystem by bringing it to an open, interactive, social and feature-packed virtual universe in collaboration with Enjin, an NFT industry leader.”

There are many opportunities the NewsCryptoVerse can offer. They include everything you need, from trading and education to socializing. It is a complete solution for all crypto lovers. What’s more, it’s far from just a change in the user interface – moving from traditional websites to VR – since the community-oriented aspects will transform the entire experience of crypto from an often solitary endeavor to an interactive universe full of like-minded people from all over the globe. After all, a key motivation behind cryptocurrency was to transcend the boundaries between different countries with their own monetary systems by enabling truly global forms of finance, so it only seems fitting that the different ways of interacting with crypto – from learning about it to trading and sharing content with others – should transcend all physical boundaries as well.

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