What the partnership entails

As part of its goal to acquire valuable treasury assets on behalf of the DAO, CGU is making a strategic investment in Caduceus, a blockchain designed specifically for metaverse development and applications.

CGU’s investment will take the form of a significant stake in Caduceus Metaverse Protocol (CMP) tokens.

The Caduceus Foundation was a sponsor of the recent Metaverse Summit in Paris, with the team delivering a presentation about their vision for the space.

The metaverse has emerged as one of the key themes for blockchain technology over the past year, as NFTs, P2E gaming, and online world applications have taken off.

Caduceus – which has recently completed a series of IDOs – aims to address some of the big issues for developers and users, offering a blockchain platform that provides all of the tools required for high-throughput, decentralised metaverse applications.

These include low transaction fees, distributed storage based on IPFS, distributed GPU cloud rendering, support for devices and development kids, high network throughput, and support for EVM and solidity contracts.

As a blockchain-level metaverse platform, Caduceus is the perfect fit for C G U, since it is expected to become key infrastructure for a large number of metaverse applications, games, and NFTs in the future.

About CGU

A platform for lending NFTs to blockchain gamers, helping them increase their earnings and access better opportunities on Play-and-Earn titles.

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About Caduceus

Caduceus is the blockchain solution for the metaverse. The project is an infrastructure-level open blockchain platform specially built for the metaverse and the decentralized digital world. Caduceus utilizes XR extended-reality technology to bring developers, creators, and users an unrivaled metaverse experience.

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SOURCE

https://www.cgu.io/post/cgu-makes-strategic-investment-in-metaverse-blockchain-caduceus

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