Crypto Terms: Letter M

What is Metaverse-as-a-Service (MaaS)?

Metaverse-as-a-Service (MaaS) MEANING:
Metaverse-as-a-Service (MaaS) - a technological solution used to build metaverses.
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Let's find out Metaverse-as-a-Service (MaaS) meaning, definition in crypto, what is Metaverse-as-a-Service (MaaS), and all other detailed facts.

Metaverse-as-a-Service (MaaS) is a service provider solution that offers customers the technology and infrastructure to create and manage their own metaverses. The features of a MaaS product are powered by the service provider’s native token, which in many cases also allows holders to take part in the governance process.

The metaverse is a blockchain-enabled immersive virtual world. The key technologies involved in metaverses are artificial intelligence (AI), virtual reality (VR), and augmented reality (AR). Building a metaverse is a complicated process due to the hardware and software requirements, storage and server space, as well as overall technical knowledge.

MaaS solutions were developed as an easy way for users to develop their own metaverse worlds. The service providers simplify the process, reducing the load of technical requirements involved in the process.

Technology-as-a-service has become a popular subscription-based business model for tech businesses to sell their services. In recent years, business models such as Software-as-a-Service (SaaS), platform-as-a-service (PaaS), and Blockchain-as-a-Service (BaaS) have become the standard.

Technology-as-a-Service is typically sold as a cloud-based solution. Companies can reduce the costs of setting up in-house servers by purchasing services from third-party cloud service providers like AWS or Google. This provides businesses with more flexibility and reduces capital expenditures.