Virtuals Protocol priceVIRTUAL

The Interchain Foundation is funding the Tharsis Labs team to release an open-source evmOS, the Ethereum-compatible layer 1 solution targeted at boosting interoperability between Ethereum and Cosmos. The funding will see Tharsis Labs open-source evmOS, bringing Cosmos’ ( ATOM ) functionality to users on the Ethereum ( ETH ) network. Interchain Foundation, the entity helping to advance the Cosmos ecosystem and its Inter-Blockchain Communication protocol, announced the development on March 18. With evmOS, developers can build EVM-powered decentralized applications and chains using the Cosmos software development kit. Tharsis Labs will open-source the Ethereum virtual machine-compatible software under the Apache 2.0 license, Interchain Foundation said. In this case, ICF will fork evmOS’ technology and rename it Cosmos EVM, which will allow the Cosmos ecosystem’s steward to continue the project’s development. Cosmos EVM will be part of the Interchain Stack and be built under the Interchain Labs team. “We feel this is the right thing for the community for the longevity of the code we’ve developed, and are excited about the ICF’s support of this. I look forward to contributing to this next phase in a strategic advisory role,” said Federico Kunze Küllmer, co-founder of evmOS and representative of Tharsis Labs. According to the ICF, an open-source provenance will see further integration of the forked tech stack, bringing permissionless innovation to the space. The integration of evmOS as the main EVM solution for Cosmos targets benefits such as cross-chain communication for the scaling of DeFi applications. Despite the funding and forking of the evmOS, the ICF says it remains committed to the projec’s roadmap. As well as Ethereum compatibility, the Interchain Foundation aims to build evmOS into the solution all proof-of-stake networks can tap into for fresh web3 adoption. “evmOS has been a critical piece in bridging the Ethereum and Cosmos ecosystems, and we are excited to support its continued evolution under the Interchain Foundation umbrella,” Josh Cincinnati, president of the ICF’s Foundation Council, said. In July last year, LayerZero Labs partnered with Initia Labs for an interoperability standard for Cosmos. The collaboration aimed to bring omnichain interoperability to Cosmos SDK and LayerZero-enabled chains.

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Here's a summary of the potential use cases of $BMT (Bubblemaps) in gaming and the metaverse: Use Cases 1. *In-Game Asset Tracking and Visualization*: Track and visualize in-game assets across different gaming ecosystems or metaverse environments. 2. *Interoperable Virtual Economies*: Enable seamless movement of assets between different metaverse worlds

$BMT (Bubblemaps) has the potential to play a significant role in gaming and the metaverse by leveraging its unique features for both users and developers. Here are some potential use cases: In-Game Asset Tracking and Visualization: $BMT could be used to track and visualize in-game assets across different gaming ecosystems or metaverse environments. Players could use it to manage and trade assets, while developers could integrate Bubblemaps into games to enhance asset management and provide a visual representation of assets' movement and transactions in real-time. Interoperable Virtual Economies: By using $BMT, assets could seamlessly move between different metaverse worlds or games, enabling interoperability. This would create an ecosystem where items, currencies, and other digital assets can be traded or transferred across platforms, enhancing the metaverse's cohesiveness and growth potential. Gaming Guilds and Communities: $BMT could provide tools for gaming guilds to track their members’ assets, achievements, and interactions across multiple games or virtual worlds. This would help manage shared resources, rewards, and virtual real estate within the metaverse, boosting community engagement and collaboration. Reward Systems and Tokenized Items: Developers could use $BMT for creating unique, tokenized rewards that players can earn and display within games. These rewards could be visualized as dynamic "bubbles" representing their rarity, value, and progression within the game, enhancing the player experience and incentivizing engagement. Augmented Reality (AR) Integration: In AR-based metaverse environments, $BMT could help map and track the placement of virtual items and assets in the physical world. This would enable users to interact with virtual assets overlaid on their physical surroundings, creating new gaming mechanics that blend the digital and physical realms. Social and Networking Features: $BMT could be utilized for creating visual social graphs and networks within metaverse platforms, allowing users to visualize their connections, game interactions, and communities. These features could be used for matchmaking, team formations, and organizing events within the metaverse. Gamified Data Visualization: Players could use $BMT to visualize their gaming history, performance, or in-game investments. For instance, the map could illustrate a player’s progress in various games, detailing their achievements, earned tokens, or assets across different metaverse platforms. Marketplace Integration: By integrating Bubblemaps with virtual marketplaces, players could visualize the value and history of in-game items before purchasing or trading. This would add a layer of transparency, allowing users to make informed decisions about the assets they acquire within games or the metaverse. The flexibility of $BMT in gaming and the metaverse hinges on its ability to integrate with diverse ecosystems, making it a powerful tool for both players and developers looking to enhance their virtual experiences.

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