VERSES, XYO Network to power emerging spatial web

VERSES, a non-profit foundation creating the universal protocols and standards for the next generation of the Web, and XYO Network, the technology bringing blockchain to the real world, has announced a partnership to power key aspects of the Spatial Web, a single, worldwide network linking people, places and things, both virtual and physical, the company said.

Working in close collaboration with XYO Network proof-of-location capabilities, blockchain-native VERSES will power the Spatial Web by securing user data and authenticating assets and locations, for a boundless new Web 3.0 that is smarter, safer, seamless and immersive. The partnership is expected to deliver a series of unique applications and benefits to consumers, enterprises and public entities alike.

The VERSES Spatial Web Protocol is a universal and open standard for the next generation of the Web existing in augmented reality (AR) or virtual reality (VR), connecting people, places, things, and currencies into a single digital network. VERSES also enables and manages blockchain-based property rights in augmented reality.

XYO Network connects the digital world with the real world offline through location-based technology via industry-leading tracking beacons. The technology allows everyday consumers to track real-world items in real time. Building on this, XYO Network is building the world´s first people-powered proof-of-location network using blockchain technology to enable location-based decentralized apps (dApps) and services.

VERSES is a next-generation protocol connecting people, places and things to the Internet via secure blockchain technologies. The VERSES Spatial Web Protocol is a universal and open standard for the next generation of the web that connects people, places, things and currencies into a single, digital network. VERSES enables developers to turn any location into a smart space, any product into a smart asset and to enable cryptocurrency transactions across the real and virtual worlds. For more information on VERSES, visit our website at http://VERSES.io.

XYO Network is an effort to create a vast, geospatial, blockchain-powered location network currently under development with the goal to provide accurate, certainty-driven location data on everything from cars to smartphones. By combining location beacons with IoT and mobile devices, the XYO Network ecosystem plans to deliver the verified coordinates and data needed to execute smart contracts, run smart cities, foster financial transactions, and power a legion of location-centric applications. For more information, visit https://xyo.network.