The Metaverse term has seen a thrust into mainstream highlight since Facebook changed its name to Meta in late October.
Moreover, Crypto projects such as Decentraland, Enjin and The Sandbox have been working on Metaverse concept for many years now. Though, their efforts have failed to garner the same recognition as Meta to date.
Furthermore, Coinbase, in their blog, said that we want to help pull pieces of identity together. They can do this by creating an identity on-ramp into the Metaverse.
Coinbase Want To Invest in The Free Metaverse Ecosystem
They’ve also added to the blog that the idea behind their work with the ENS is what makes them create a unique username NFT that resolves to a wallet. Also, this will allow users to hold a unique ID across different worlds in Metaverse.
In addition, they are also working on the technology that will allow the normal person to purchase their avatar while defining and maintaining a public profile and establishing trust. Further, they are working on features like Sign in with [Eth/Coinbase]. This feature will allow users to sign in to every app in the Metaverse.
Lastly, the goal of Coinbase is not to expand their business or just make money. They are all up to create Metaverse Ecosystem while helping crypto grow in the right way.
In the end, we all know that Metverse will exist in the future, and we all know that it will be a series of interconnected virtual worlds.
Coinbase’s goal is to make it easy for anyone to establish their identity and gain access to Metaverse world in a simple, decentralized, and trusted way.
If Coinbase succeeds, it will allow Metaverse to reach its full potential by keeping it free and open to everyone.