Hedera, a Distributed Network Targeting Businesses, Jumps Into Metaverse Fray

Hedera, a Distributed Network Targeting Businesses, Jumps Into Metaverse Fray
The Hedera Network, which claims to be the only public distributed ledger network suited for the security and stability requirements of big businesses, is jumping into the cryptocurrency-fueled frenzy over virtual worlds, angling to develop what it describes as “enterprise metaverse.”The HBAR Foundation, which supports development on the Hedera Network through grants, has formed a new partnership with MetaVRse, a web-based 3D creation platform, to support development of metaverse-related applications, according to a Dec. 14 press release.The metaverse refers to the idea of digital worlds that would combine elements of augmented and virtual reality, the internet, gaming, art, culture and…