A Metaverse Shouldn't have Really High Network Fees
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The possibilities of the Metaverse are genuinely endless. People are all hyped-up to invest in the Metaverse. But one thing that can make a metaverse platform less accessible is "High Network Fee".
Most Metaverses are being built on Ethereum, which has some significant advantages—it's the most widely used blockchain in the industry. It has a ton of tools, libraries, and other resources that make it an ideal platform for many types of applications. However, that has its downsides: the high gas fees and long transaction times can make it challenging to use, especially when there's constant user interaction.
Ethereum's gas fees are prohibitively high for most users, which means that your Metaverse would only be accessible to those who can afford to spend a lot on network fees. Building your Metaverse on a Layer 2 side chain of Ethereum is a better option with minimal network fees to facilitate the users.
XANA Metaverse is built on Layer 2 Ethereum side chain and has extremely low network fees (in fact, they're almost non-existent) and super-fast transaction times. XANA is a truly unique platform that has all of the benefits of Ethereum without the expensive gas fees.
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The metaverse is the next great connectivity and network infrastructure challenge in the evolution of the Internet. In a world where graphics must be rendered on-screen in direct response to where someone is focused through their headset, things will need to move an order of magnitude faster, which requires millisecond latency in the one or low double digits.
This will require a huge increase in capacity and a fundamental shift in how networks are architected and deployed, which in turn means massive industry-wide collaboration across technology companies, mobile network operators, policymakers, and everyone in between.