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MyTona, first russian company to dive into the Metaverse

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MyTona has become the first company in Russia to announce its plans in the Metaverse sector. The Yakutsk-based game developer said in a release that the “Mytonaverse” metaverse will go live in mid-December.

The release stated:

“The app brings communications closer to real-life interactions: users may hold virtual meetings, travel to different social hubs (worlds), and throw metaverse parties with friends from around the world in the present edition.”

Mytonaverse is a different corporation registered in New Zealand, according to MyTona co-founder Alexei Ushnitsky.

MyTona

MetaNews.

Russia’s stance.

It’s worth noting that Vladimir Putin’s administration released a draft regulation for crypto exchanges as part of its anti-corruption guidelines last month. The policy gave federal employees the authority to conduct “audits in order to combat corruption.”

As a result, the country has launched a crackdown on crypto-related offenses. Despite this, recent statistics indicate that Russians are among the most active cryptocurrency investors.

Crypto transactions exceeded a volume of $5 billion per year, according to the Bank of Russia. In addition, the country attracts a significant number of Bitcoin miners, accounting for 11.23 percent of the average monthly hash rate.

M is for Meta.

The Metaverse industry is expected to grow to a trillion-dollar industry by 2022. And Facebook isn’t the only tech behemoth vying for the top spot. Bill Tai, Actai Global Chair, said CNBC in this regard,

“I think they’d prefer it if there was only one Metaverse, but I don’t think that’ll ever happen.” “I believe the metaverse is a personal experience.”

According to sources, despite increased regulatory inspection, China’s Tencent has made significant moves in the field. In addition, Morgan Stanley is apparently looking at Meta Platforms and Roblox as long-term winners.

Indeed, with so many more participants, it’s evident that investors see the metaverse as the next big thing. Meanwhile, Barbados’ government has gone ahead and established the world’s first Metaverse Embassy.

It’s also worth noting that play-to-earn gaming platforms like Axie Infinity have made a name for themselves in the industry. As well as Decentraland (MANA) and The Sandbox (SAND), now ranked according to market capitalization, are The Sandbox (SAND).

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Michelle D. Madsen

Michelle D. Madsen graduated from the University of Westminster and has been deeply involved in the world of finance ever since. She has worked as a Broadcast Journalist hosting various news shows and informative webcasts about the financial markets. Since 2004 she has also been writing for Metanews daily, her attention to detail, and her in-depth knowledge of the financial markets have led her to cover Foreign Exchange and commodities. The world of finance has changed in the last few years with the introduction and rising popularity of cryptocurrencies. She has in no means been left behind, adding this to her bank of intellect and is now also an expert in cryptocurrencies. For the last ten years, Ms. Madsen has been engaged in the financial market. She has notedly written a great number of incredibly informative reviews for the crypto exchange and forex brokers. Her wealth of knowledge has enabled her to become a leading expert in the field. She continues to inform the public writing up-to-date, thorough reviews for the readers of Metanews as she has for the last decade.
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