Where blockchain meets education, the Metable platform has launched its open beta that allows users to earn as they learn in a virtual Metaverse environment.
By Josh O'Sullivan
Edited by Julia Sakovich
Updated
3 mins read
Metable has successfully launched the beta version of its education-focused metaverse platform built upon blockchain technology.
Metable has been developed on the Polygon (MATIC) blockchain and allows users to establish and manage virtual schools, and then earn through teaching on the platform.
Launching the Metable beta version, the platform has introduced several features to its Metaverse offering. This includes the ability to earn royalties through NFT online course resales.
During the open beta, Metable demonstrated its capacity to host over 50 users within a multiplayer setting without hitting any technical issues as participants interacted with the virtual 3D environment simultaneously.
Users could personalize their avatars, engage in treasure hunts involving virtual coin collection, and join quiz activities.
“The launch of the Metable Beta is a pivotal moment for the education sector and the Web3 space. We welcome educators to begin building using our virtual toolkit, and students to discover the benefits of a decentralized Learn-to-Earn economy,” said Metable Co-founder, Alessandro Moretti.
Metable utilizes a decentralized ecosystem to facilitate a Web3 online educative model. This model allows the likes of professionals, content creators, and influencers access to new learning possibilities and the ability to establish new business models.
The team behind Metable describes the project’s vision as a want “to simplify the collaboration and experience related to education,” according to its whitepaper documentation.
“…we want to bring teaching into the future by making the adoption of the metaverse natural and simple for anyone,” Metable Whitepaper 3.0, pg. 6 reads.
Metable seeks to establish a “decentralized educational metaverse” that allows users to “teach, collaborate, socialize and have fun”, regardless of geographical location.
Built on the Polygon blockchain, there are several advantages and disadvantages posed concerning the project’s limitations and future potential.
Polygon offers a blockchain that has minimal transaction fees which could benefit Metable in terms of NFT trading and course enrollment processes.
Additionally, the speed of transactions and high scalability capacity of the Polygon blockchain offer Metable smooth real-time interactions – alongside the potential to grow a user base further without performance bottlenecks.
On the other hand, one main issue that can arise on the Polygon blockchain is the risk of centralization. As Metable is built to be a decentralized educative platform, building on Polygon features fewer validators. This can pose centralization risks.
Furthermore, as a layer-2 (L2) solution, Polygon is built on top of ETH. This increases the potential for exploits and vulnerabilities inherent to the additional layer’s complexities.
Despite the potential downsides and benefits of Polygon blockchain nativity, Metable highlights potential innovation in the education sector. Combining the ability to earn while learning within a virtual space globally could open the door to future educational innovation.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Josh brings 13 years of writing and editing expertise, with eight dedicated to the crypto industry. Honing a deep understanding of Web3, ZK-Proofs, and disruptive technology, he is eager to contribute any insights and his enthusiasm to the crypto space.
