MultiversX eyes exaggerated scalability when CEO sheds light on spatial computing

The resulting meta version attracted a lot of interest from the crypto community and venture capital firms during the height of the previous bull market. The likes of Meta and Apple joining the Metaverse bandwagon has only given the concept more legitimacy, but both multi-billion dollar tech companies have taken a different approach to it.

On the one hand, Meta has shifted its full focus to virtual reality (VR) and recently released new smart glasses in collaboration with Ray-Ban, while Apple has already released its own AR glasses that include a spatial computing system focused on augmented reality (AR). 2023.

Benjamin Minku, CEO of blockchain-based Metaverse-focused platform Multiverse X, believes that Apple's spatial computing approach is more geared towards the opposite goal of Meta's VR Quest headset. Minku said in an exclusive interview with Cointelegraph editor Zhiyuan Sun that while Meta's focus on virtual reality may be a mistake, because it's not intuitive, Apple's spatial computing approach makes AR glasses a more intuitive experience.

He explained that meta-spectacles are only fixed on one virtual world, while the metaverse concept is about the interactive experience within that virtual world. The glasses focus on one use case instead of several:

I think the most fundamental thing that changes the conversation is to see the lens or interface as a spatial computing tool. I think this is the most underrated paradigm shift that Apple has introduced. So spatial computing, it sounds like the same thing, that's why it's a different world.

Spatial computing refers to the processes and tools used to capture, process, and communicate 3-dimensional data. It may include the Internet of Things, digital twins, ambient computing, augmented reality, virtual reality, artificial intelligence, and physical controls. Spatial computing is human-machine interaction in which the machine captures and maintains references to actual objects and locations.

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Minku added that MultiversX's new technical update on October 19 will adapt to the spatial computing approach and make it more scalable. The technical update brings key features to the platform including early block proposal, parallel node processing, mutual agreement signing and flexible gas cost updates.

These technical improvements promise a seven-fold increase in transaction volume with faster verification and shorter summary. Among other significant changes, the new update brings on-chain management, a new and improved virtual machine, and an improved transaction model, which will allow tokens working on the network to cover the cost of gas.