Metable Introduces ‘Learn to Earn’ Metaverse: Where Blockchain and Education Converge

30 views 2:31 pm 0 Comments May 17, 2024

When education meets blockchain, the Metable platform introduces its open beta phase, offering users the opportunity to earn while engaging in a virtual Metaverse environment.

Metable has officially rolled out the beta version of its educational metaverse platform, leveraging blockchain technology for its operations.

Developed on the Polygon (MATIC) blockchain, Metable empowers users to create and manage virtual schools, enabling them to generate income by teaching on the platform.

Unveiling the Beta Version

With the launch of the Metable beta, the platform brings forth a range of new features within its Metaverse ecosystem. This includes the innovative concept of earning royalties through the resale of NFT-based online courses.

Throughout the open beta phase, Metable successfully demonstrated its capability to support over 50 users concurrently in a multiplayer environment, showcasing seamless interactions within the virtual 3D world.

Participants had the freedom to customize their avatars, participate in virtual treasure hunts to collect coins, and engage in quiz competitions.

Alessandro Moretti, Co-founder of Metable, expressed, “The introduction of the Metable Beta signifies a significant milestone for both the education sector and the Web3 domain. We encourage educators to leverage our virtual toolkit for creation, and students to explore the advantages of a decentralized Learn-to-Earn ecosystem.”

Metable operates within a decentralized framework, fostering a Web3-based educational model that opens up new learning opportunities for professionals, content creators, and influencers, enabling them to establish innovative revenue streams.

Vision for the Future

The Metable team envisions a future where education is streamlined and enhanced, aiming to revolutionize the teaching experience through seamless integration with the metaverse, as outlined in their whitepaper.

“Our goal is to propel teaching into the future by seamlessly integrating the metaverse, making it accessible and intuitive for all,” as stated in the Metable Whitepaper 3.0, page 6.

Metable strives to create a “decentralized educational metaverse” that enables users to teach, collaborate, socialize, and enjoy interactive experiences irrespective of their physical location.

Implications of Polygon Integration

Operating on the Polygon blockchain, Metable stands to benefit from various advantages and potential challenges associated with the platform’s architecture and future prospects.

Advantages

Polygon’s low transaction fees present a favorable environment for Metable, particularly in NFT trading and course enrollment processes.

Moreover, the high scalability and fast transaction speeds offered by Polygon facilitate real-time interactions on Metable, paving the way for potential user base expansion without performance constraints.

Challenges

However, a notable concern on the Polygon blockchain pertains to centralization risks. While Metable emphasizes decentralization, Polygon’s reliance on fewer validators raises centralization concerns.

Additionally, being a layer-2 (L2) solution built atop Ethereum (ETH), Polygon introduces complexities that may expose Metable to potential exploits and vulnerabilities.

Driving Educational Progress

Despite the inherent challenges and benefits of Polygon’s blockchain infrastructure, Metable signifies a beacon of innovation in the realm of education. By merging earning opportunities with educational pursuits in a global virtual space, Metable sets the stage for future educational advancements.

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