In a significant move for the crypto industry, Mutahir Showkat, a well-known Kashmir-based crypto entrepreneur and tech enthusiast, has launched a new startup called MutaVerse. This latest venture adds to his growing portfolio in the rapidly evolving crypto space.
Speaking on the launch, Mutahir expressed his concern over the increasing number of crypto-related scams. “In recent times, we’ve seen a surge in scams, especially in the crypto world. People are falling prey to fraudulent schemes, and the situation is only getting worse,” he said. Mutahir believes that many people mistakenly view cryptocurrency as simply investing small amounts on decentralized exchanges, without understanding its broader potential.
Mutahir explained that MutaVerse is not just another crypto platform; it’s an initiative aimed at educating people about the real workings of cryptocurrency. “This platform is not about my personal benefit. The sole purpose of MutaVerse is to educate people about how crypto actually works,” he said. He emphasized that MutaVerse is designed to be a community-driven platform, providing users with knowledge about crypto, daily projects, key figures in the industry, and everything else related to the blockchain space.
Mutahir also pointed out the recent hacking incidents, such as the one involving WazirX, which have highlighted the vulnerabilities in the crypto world. “In Kashmir, we’ve seen a rise in crypto-related scams, and it’s crucial to understand that blockchain technology, when used properly, is not about scams. In fact, it can be extremely beneficial for the youth,” he said.
Highlighting the potential of blockchain, Mutahir said, “The blockchain world offers unlimited opportunities for jobs and earnings. MutaVerse is going to play a vital role in educating the youth of Kashmir and people globally about blockchain. We aim to make MutaVerse an all-in-one resource for anyone interested in the blockchain space.”
Through MutaVerse, Mutahir hopes to build a strong community where individuals can learn, grow, and succeed together in the world of cryptocurrency. “This is just the beginning. MutaVerse is here to change the way people view and interact with crypto,” he concluded.
(This story is not edited by Press Exclusive but Published from Syndicated Feed.)
