8 Circuit Studios plans token sale to build blockchain-based Metaverse

8 Circuit Studios is launching a cryptocurrency token sale so that it can raise money to build a blockchain-based platform for the Metaverse, the digital universe envisioned in novels by William Gibson and Neal Stephenson and featured in movies Ready Player One, TRON, and The Matrix.

The company will hold a token sale for the cryptocurrency, 8 Bit Token, and launch other blockchain-integrated products in the coming weeks. Blockchain is a decentralized ledger that can verify the uniqueness of digital items. That means that users will be able to lay claim to the items that they own and transfer them from one virtual world to another. That’s one of the requirements of the envisioned Metaverse, which is like a collection of interconnected worlds that share a common foundation for commerce.