Why The Czech Republic Presidential Candidate Wants to Enter The Metaverse?

The 48-year-old Czech mathematician, entrepreneur, and anti-corruption campaigner has chosen the Somnium Space Metaverse platform. Why did he decide to do this? In this article, you will find out why.

Metaverse-Political Ambitions

Janecek aims to tap into a younger generation of voters by using virtual reality technology. He will be conducting his 2023 presidential campaign in this digital world.

Therefore, Polygon Co-Founder, Sandeep Nailwal, tweeted the news on July 3rd.

Presidential campaigns coming to Metaverse.

Pioneering stuff from one of the top metaverses @SomniumSpace#PoweredByPolygonhttps://t.co/VaCioK53xx

— Sandeep | Polygon ????3?? (@sandeepnailwal) July 3, 2022

Moreover, the Somnium Space Metaverse ecosystem is based on Polygon, which is a very good choice for its speed and cost benefits. Additionally, users and gamers can purchase virtual residences and land, and other in-game assets in Somnium Space.

Benefits of Interacting with the Metaverse

Users can also build their places and monetize them within this Metaverse. Like other popular Metaverse ecosystems, it uses nonfungible tokens () to give users digital ownership rights.

In this case, Somnium Space partnered with Sony to utilize their 3D model creation technology in 2019. This allows users to create full embodiment avatars of themselves, which Karel Janecek has done.

Furthermore, Somnium Space has also partnered with major crypto exchanges FTX and Gemini for NFT sales. It has its native token called CUBE which has a market cap of $21.6 million.

More About Karel Janecek

Janecek is an anti-graft activist. He has even created his election system dubbed the “D21–Janecek method” and the online game Prezident 21. Furthermore, he claims this method would rid Czech politics of corruption.

He has an MBA in finance from Bradley University, Illinois, and a Ph.D. in the field of Mathematical Finance from Carnegie Mellon University in Pennsylvania. In 2010, he established the Karel Janecek Benevolent Fund to support of science and research.

Ted a tady. Karlovy Vary. Zaciname.#tohlejekarelpic.twitter.com/QmPDCET246

— Karel Janecek (@janecek252) July 3, 2022

CUBE and MATIC Price Outlook

The native token for Somnium Space, , grew 3.2% in the last 24 hours. As a result, CUBE was trading at $1.45 at the time of writing this article. However, this metaverse token has lost 20% over the past month. It has also crashed a whopping 95% since its November all-time high of $28.12 according to CoinGecko.

Furthermore, has pumped 15.2% today. Its current price is $0.527. However, MATIC has also been hit hard having lost 82% since its December all-time high of $2.92.

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