Meta Music Studios unveils Apollo Project metaverse for music and games
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Meta Music Studios is unveiling The Apollo Project as a metaverse for music and games.
The so-called MusicVerse will is being created by Steve Gray, founder of Meta Music Studios and a former executive at companies such as Tencent, Electronic Arts, and THQ.
The Apollo Project will be based on a new blockchain dubbed dVerse, which is short for the Decentralized Metaverse. It will also be known as a Decentralized Online Entertainment (DOE) platform. The dVerse will host entertainment products focusing on music and games.
These games incorporate a combination of free-to-play games and nonfungible tokens (NFTs) and the play-to-earn model, where players can earn rewards and own items that they can resell for a profit.
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The Apollo Project is the first NFT project developed by Gray. The first batch of NFTs for sale will be available by the end of the month.
TAP Stars, an avatar growing game, will be the first game with the launch set for February 2022. Additional games will be introduced over the next twelve months including TAP Crews, TAP Karaoke, TAP Runner, and TAP Capoeira.
“I have been watching the metaverse for years as the market developed, but now there is definitely a hot market opportunity and I’m excited to create the new MusicVerse which will become a world for entertainers and entertainment,” said Gray, CEO of Meta Music Studios, in a statement. “Today the metaverse is home to the newest blockchain-based games which are on a fast trajectory, estimated to have a compound annual growth rate of as much as 25% to 30% —
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