Decoding Hyperverse; Is It The Next Meta Scam?

Currently (18 feb 2022) trading at around $5, Hyperverse seems to be the new buzzword in the metaverse. Interestingly Binance mentions the HVT coin is not listed for trade and service in the platform! Decentology, the developer of Hyperverse, explains it as a platform that makes it easier for the developers to build and utilise smart contract primitives as effortlessly as web2 APIs.

In a blog published on Oct 19, 2021, Decentology announced it is building a new open, blockchain-agnostic , decentralised marketplace. The company declared that they’ve raised a seed funding of $4.3 million.

Image: Decentology

The blog claims that the community of developers won’t have to shell extra bucks as up-front cost if the Hyperverse Developers innovate and build useful Smart Modules. This can be scalable upto thousands of such Smart Modules. The blog also mentions Hyperverse Academies and other Hyperverse Projects. The company seeks to onboard 10 million web developers to Web3!

SEE ALSO: Microverse Is The Next Big Thing In Metaverse: All You Need To Know

According to a guide by Marifilmines, Hypervese doesn’t (at this point) seem legit citing the following reasons.

  1. The Hyperverse Crypto website is very vague and seems defunct.
  2. There are a multitude of negative reviews calling Hyperverse another Rug Pull Ponzi.
  3. The founders and backers had launched failed projects like Blockchain Global, HyperCapital and Hypertech, which they’ve seemingly rebranded as Hyperverse.

SEE ALSO: 2021 The Year Of CyberCrimes: $14 Billion Worth Cryptos Scammed

Cover Image: Pixabay

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