Zilliqa, a DeFi-focused DeFi blockchain that focuses on scaling, is seeing its cryptocurrency rise in the lead up to the Metapolis launch later this month. ZIL has risen nearly 5X in the past two weeks, from $0.041 up to $0.2 by Friday.
Zillqa uses layer 2 scaling known as “sharding”, which divides a blockchain network into “shards”, to distribute transaction workload. This method is currently being tested by Ethereum.Meanwhile, Metapolis is a metaverse-as-a-service offering that offers clients a blank slate on which to develop their own metaverses. The Zillqa blockchain will power Metapolis.
Zillqa tweeted Wednesday, “Zilliqa created Meta city and named it Metapolis.” This is the big secret that will be revealed at the event in Miami on April 2nd.
Meta, formerly Facebook, teased that it would be involved in the project in January. The company is now promoting and adopting the “metaverse concept” – where virtual lives are more important than real life – and has made this transition. Just days before the biggest ever Bitcoin conference starts in the same city, this launch event will be live. Sandra Tlibe, Head of Metaverse at Zillqa and NFT at Zillqa, suggested that JPMorgan might have already purchased a piece of land in Metapolis.
“Metapolis will permit conceptually rich and custom-designed domes in cities that can host brands, artists concepts, games, real estate, or other digital experiences,” Zillqa wrote in a blog post about the project.
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