Future Initiatives for MetaCanopy

MetaVerse Platform

The metaverse is a digital reality that combines aspects of social media, online gaming, augmented reality (AR), virtual reality (VR), and cryptocurrencies to allow users to interact virtually.

Augmented reality overlays visual elements, sound, and other sensory input onto real-world settings to enhance the user experience.

In contrast, virtual reality is entirely virtual and enhances fictional realities.

The MetaCanopy team is developing a blockchain-based MetaVerse platform where community members can purchase, build, and explore within the MetaVerse using CANOPY tokens.

NFT Marketplace

NFT stands for Non-Fungible Token. Cryptocurrencies, which use a digital public record of transactions called a blockchain, are fungible. NFTs are digital items that can be bought and sold using this blockchain technology. But they are not fungible, making them a different type of asset.

Non-fungible tokens, commonly known as NFTs, are unique cryptographic tokens that exist on a blockchain and cannot be replicated, having a unique identification code and metadata.

E-Commerce

The E-commerce industry is one of the driving forces of the global economy. The MetaCanopy team is developing a blockchain-based E-commerce platform where community members of MetaCanopy can fulfill all their daily shopping needs by using CANOPY tokens. The execution of this concept signifies a fundamental shift in how a blockchain-based E-Mall for E-commerce is created. As our world continues to embrace the value of modern digital solutions, the MetaCanopy team understands that it’s more important than ever for industry giants to place ethical consideration into how technology, data processing, and alternative economic systems, can be crafted to benefit users on every level of interaction.

Decentralized Exchange (DEX)

A decentralized exchange is an exchange market that does not rely on a third-party service to hold the customer's funds. Decentralized exchanges allow direct peer-to-peer trading of cryptocurrencies or other digital assets. These exchanges are usually powered by smart contracts. Decentralized exchanges have many benefits, including increased security, transparency, and immutability. However, they also have some disadvantages, such as lower liquidity and higher fees.

The MetaCanopy team is developing a decentralized exchange.

Launchpad

Crypto launchpads are essentially platforms that help launch crypto projects. They serve as incubators for crypto companies, providing a way for investors to gain an early foothold in projects before they issue tokens in a public ICO. Projects found on launchpads tend to attract funds by offering their coins at a discounted price in order to boost demand and attract more investment attention in the project before taking it public.

Gaming

The world has seen an increase of $22.3 billion in 2021 from $20.36 billion in 2020, in the Global Sports Market. It is growing with a CAGR of 9.5%.

What we see here is the growing demand of our customers for a good 3D virtual gaming experience. That’s why we are aiming to proffer our youth population with a remarkable 3D gaming experience with blockchain technology-based VR sports. We are aiming to build a fantasy sports collection that provides you with a rich range of gaming options while giving you true ownership of your gaming assets.