New metaverse marketplace beats Facebook to the punch

JD Renner
crypto marketplaceBermix Studio Unsplash

The race for metaverse domination is on, and the winners will be the companies who "move fast and break things."

The only thing Facebook has managed to break so far is the record for most memed YouTube video, with its cringy vision for Web 3.0 social interactions. Fencing anyone?

On the opposite side of the spectrum is a flood of innovation from forward thinking companies that are shaping the very idea of what next phase of the internet will look like.

One such company is MetaMundo, and it just received $2.7 million in funding to help bring its metaverse marketplace to life.

One key aspect of the decentralized internet is the ability to own the digital assets and identities we cultivate online, and MetaMundo is poised to become the most price-friendly place to buy and sell valuable NFTs.

The reason for this is their decision to build their platform around the layer-two network, Polygon, who's fees for minting and transacting are a fraction of what you pay when dealing with direct Ethereum alternatives.

They've also made the decision to allow the buying and selling of assets that can be used in a variety of metaverse worlds, including Decentraland, Cryptovoxels and Somnium Space.

MetaMundo is set to come online in Q1 of next year, so while Facebook has indicated it will be 10 years before it makes its first meta-moves, more agile competitors like MetaMundo will have years of data about how people actually behave in this new era of the internet.

Facebook Marketplaces? That's so 2.0.

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Writer | Video Producer | Crypto Investor Sharing My Journey to Financial Independence

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