Canadian project

Decentralized Metaverse platform, OVR announces the launch of its Map2Earn crowdsource mapping feature. In detail, users can participate in a global 3D mapping initiative called Map2Earn by snapping images of certain locations with their smartphones and getting the project’s native OVR tokens as a reward.

Subsequently, the photos are used by OVR to create a detailed 3D map of the world, which will serve as one of the foundations of OVR’s AR/VR Metaverse. Basically, OVR’s augmented reality (AR) platform encourages users to build a full-fledged Metaverse with its Map2Earn, rewarding users with native tokens to Map the World.

By gamifying the experience of mapping the Metaverse, OVR asserts it responds to the need for decentralization. The OVR team also stated its sophisticated AI system converts photographs taken with users’ cellphones into three-dimensional representations of the target places, which supplement GPS for localizing and rendering specific VR/AR objects on personal devices.

Davide Cuttini, CEO of OVR says,

As we move into the Metaverse, its user participation must become one of its most fundamental staples. By welcoming users to contribute to our project, helping us build out the geospatial infrastructure for a whole universe of experiences, and rewarding them with our tokens, we are making sure that inclusivity is at the very foundation of our digital future.
Even more, it allows OVR to improve the spatial precision of its VR/AR features from around six meters with GPS to as little as 20 cm with this technology. As part of the treasure hunt, OVR users have already scanned 1.4 million locations.

According to the document sent to CoinQuora, with the 3D map in place, OVRLand owners can provide more advanced and detailed VR/AR experiences to their customers, utilizing the crowdsourced 3D grid to pinpoint the digital possibilities available in their areas.

In addition, owners can tie specific digital experiences to target physical objects, such as playing a virtual scene or a specific wall. As well as bringing a statue to life with 3D animation, or deploying different experiences on each floor of a specific building. This is all thanks to the precision provided by the new localization functionality.

McDonald’s jokingly said that it will accept payment via Dogecoin only if Tesla (NASDAQ:TSLA) accepts “Grimacecoin’’.
Tesla CEO Elon Musk has been urging McDonald’s to accept Dogecoin.
McDonald’s tweet is in response to Musk’s latest tweet on having a meal at the food company using Dogecoin.
McDonald’s has come up with a response stating it would accept Dogecoin (DOGE) for payment only if Tesla welcomes ‘’Grimacecoin’’ as payment.

McDonald’s tweeted this in response to the Tuesday tweet by Tesla and SpaceX CEO Elon Musk claiming that he would eat a Happy Meal on TV if McDonald’s accepts Dogecoin for payment.

only if accepts grimacecoin https://t.co/CQrmAFelHR pic.twitter.com/to9HmYJhej
— McDonald’s () January 25, 2022

Grimacecoin (GRC) is a purple-character coin issued on the Ethereum blockchain, which was featured in some of the marketing campaigns of McDonald’s.

Elon has been a staunch supporter of Dogecoin- a Shiba Inu-themed Japanese meme cryptocurrency started in 2013. Earlier this month, Tesla deployed Dogecoin for some of its merchandise. Elon’s tweet on January 25 helped boost Dogecoin price to stay afloat at $0.14 at the time of writing.

Recently, McDonald’s has also been tweeting about cryptocurrency, which paved the way for speculations on its Dogecoin acceptance. Two days ago, the company pinned a tweet that reads: “How are you doing people who run crypto Twitter (NYSE:TWTR) accounts?’’ To add, many tweeps have been in the front row posting memes about McDonald’s and cryptocurrency, especially during the recent price crash.

The United Kingdom is actively looking to regulate the crypto market and has proposed many new policies to bring various crypto markets under the rule of law. However, among the various newly proposed suggestions, what turned many heads is the request to remove blockchain and Distributed Ledger Technology (DLT) references from the definition of crypto assets.

A new crypto report titled “Cryptoasset promotions: Consultation response” from the Her Majesty’s (HM) Treasury noted that, while most crypto assets use DLT or blockchain as an underlying technology, it might change over time the industry evolves. Thus, crypto assets must be exempt from the reference of DLT to “future-proof the definition for innovations.” The official statement said