Crypto Blockchain Industries, a French creator of games, technology, and blockchain products, has announced the acquisition of Xave, a blockchain technology firm located in Barcelona and Argentina that has been building Xave World, a specialized music metaverse. The Xave World metaverse, which has its own cryptocurrency and marketplace, provides a variety of entertainment and performance experiences, as well as production tools and multiple NFTs centered on music and performers.
Xave will become a part of the Alphaverse as a result of this purchase, integrating all music-related activities and allowing all Alphaverse users to enjoy events and music from Xave-launched artists.
The Xave World Metaverse leverages blockchain technology to create innovative experiences around music, making various technologies and tools available to artists and content creators to create their own concerts, sell tickets and NFTs, and broadcast via streaming, for example, in order to develop and promote their communities. Additionally, users will be able to monetise their own experiences and contribute to the growth of known or upcoming artists.
Xave World Metaverse has a decentralized economy using its own cryptocurrency
The Xave World Metaverse operates on a decentralized economy, which is fueled by its own cryptocurrency, Xave Coin, which has been openly traded on the Probit Global platform since March 2022. Xave has developed its own NFT marketplace, dubbed Xave Market, which functions as a digital shop dedicated to the selling of NFTs. Xave has created a unique approach that enables everyone to contribute to the funding of artists, their work, and their performances, as well as participate in their success.
Not only are the NFTs digital treasures, but they also provide access to rare encounters with the artists. Additionally, users and artists will be able to own a piece of Xave World’s open metaverse by buying plots of land and constructing unique houses or places inside it. Each piece of land conceals a secret, function, or valuable resource that owners might uncover and profit from.
For MetaNews.