Metaverse-as-a-Service (MaaS) is a novel technological solution that anyone can use to build their own metaverses. The service provider offers the necessary infrastructure to enable both developers and non-technical users to create immersive virtual experiences alongside additional features like in-game tokenomics, NFTs, play-to-earn models, and much more.
As technology gradually evolved, businesses and service providers have transitioned from the one-time fee model to a subscription-based model with increasing pace and frequency. Over the years, several unique business models like Saas (software-as-a-service), IaaS (infrastructure-as-a-Service), and PaaS (platform-as-a-service) have stemmed from the XaaS (Anything-as-a-Service) model.
In the simplest terms, the concept of “as-a-service” involves delivering technological products and solutions via cloud-based services. For example, instead of setting up their in-house database storage servers, which would come at a high cost, companies employ the pay-as-you-use services offered by third-party service providers, like AWS, Microsoft or Google. In this setup, users gain the benefits of less capital expenditure, more flexibility, and the option to upgrade as needed.
With the emergence of the metaverse - an immersive virtual world powered by blockchain, artificial intelligence (AI), augmented reality (AR), and other technological innovations, similar needs have arisen for companies and individuals that wish to participate. However, building a metaverse from scratch requires significant investment and experience with the underlying technology, complicating it for much of the global population.
To solve this problem, blockchain startups have introduced the concept of metaverse-as-a-service (MaaS). Like any other as-a-service model, the service provider will offer the required infrastructure and technology to enable users to build, manage, and maintain their own metaverses. The service provider’s native token will power all accompanying features. The same token will also enable holders to be a part of the network’s governance and allow them to participate in other DeFi primitives.
Take, for instance, the upcoming Bit.Country platform on the Polkadot Network. By design, Bit.Country supplies the application framework and blockchain that anyone can use to build their personal metaverse. Users can also create personalized economies, NFTs, and other products to incentivize their respective communities.
According to Ray Lu, the Founder and CEO of the first MaaS platform Bit.Country and Metaverse.Network,
Think of MaaS as another IT-based service. The notable difference, however, is that there are no centralized entities. Decentralized platforms and open protocols provide the service and the infrastructure. In our case, we have built Bit.Country and Metaverse.Network to empower users to build their own metaverses. Using our MaaS solution, users can implement economic infrastructure, governance, and immersive visual and interactive experience, without any knowledge of blockchain technology.
Ray Lu is the CEO and founder of Bit.Country and Metaverse.Network. Between his keen interest and ample experience in blockchain technology and decentralization, Ray is one of the biggest evangelists of Web3 and the metaverse. With a bachelor’s degree in Computer Science, Ray is also the force behind MVP.studio, IndustryConnect.org and Thunder.University. Before starting Bit.Country, Ray worked with a consortium of leading brands, including Air New Zealand and Datacom.
Connect with Ray on LinkedIn.
© 2021 COINCU Financial Group Inc. Address: Road Town, Tortola, British Virgin Islands (BVI).
Email us: [email protected]