Blockchain meta-universe opens door for virtual DAO industry to become model of meta-global industry

After Facebook, the sixth largest company in the world, changed its name to Meta, the idea of ​​Metaverse rose to prominence. In fact, the meta world is nothing new. Author Neal Stephenson first wrote a comment about 30 years ago in his new historical research, Snow Crash. Ernest Klein's "Ready Player One" announced the concept of virtual reality where people can play and chat remotely. The new book was adapted from the 2018 film as an idea by Stevens Pilberg.

But what is the global meta? How is blockchain-based meta edge different from existing meta edge? Why are virtual lands and cryptocurrencies like SAND and MANA exploding all the time? How is the blockchain metaverse affecting the way we live today?

in the meta world

The meta-world is an abstract concept, different meanings of people and organizations have different meanings. However, we all agree that the meta-world has to make sense.

First, the digital space, an integrated virtual reality in augmented reality that connects beyond the physical world. It is also a place where people come together to share and interact with past experiences, from creating their own museums to displaying digital images, enabling virtual music. and play an improvement game.

But perhaps more importantly, there is only one meta-world, not many. It is a shared world where virtual worlds, digital names and services are crumbling. In this space, people use digital identifiers to interact and exchange values, and digital tokens can be moved around multiple virtual worlds.

VR Space Dream Experience. Par : Dream Space

Now that the basis for this concept has been put aside, it's important to remember that the meta-world can be understood from two different perspectives: the process meta-world and the blockchain-based meta-universe. The first has to do with the principles of Web 2.0, a mixed concept that games and social experiences have now brought to life online. On the other hand, the blockchain metaverse adheres to the principles of Web 3.0 and empowers people through the benefits of blockchain technology. This is our next goal.

Blockchain-based Meta Edge

The power of non-fungible tokens (NFTs) enables people to own and use virtual assets however they want and enjoy them. In fact, NFTs are unique features that exist on the blockchain, providing ownership of digital assets. It would be the best meta-world blockchain offering. Tokens of this type are digital representations of specialized organizations, independent of avatars, names, toys, graphics, special members, virtual gardens, and countless other words. These tokens can be used to gain past experience or to redeem products for a DeFi contract. In this way, NFTs become the key to becoming a digital asset in the metaverse.

Let's take a look at the representatives of "Fortnite" (Fortnite) to see these many benefits. "Fortress Night" has one of the most influential players in the world, and is also a major participant in teaching the historical history of the meta-universe. In this game, players can get skins to decorate their avatars or swap weapons or equipment to enhance their gaming experience. However, the biggest limitation is that not all assets received by users are actually theirs. , and the assets that offer the benefits of the game, but also owned and operated by a company called Epic Games, the developer of the game. The avatar of "Fortress Night" is also unique to this virtual world and cannot be used anywhere . The same goes for Roblox, Minecraft, Animal Crossing or any other similar platform. Moreover, if the central server that stores the game tools goes down, the assets and investments in them will be gone forever.

In the blockchain meta-world, the public gets all of the NFT's assets, giving them full control over the assets they receive.

After the blockchain game is completed, the game related to NFT toys can no longer be used. However, the owner still manages the assets. Metadata can be reused in other applications, so ownership has a cost to preserve.

In the blockchain meta-world, the public can access all products on the NFT, giving them full control over the assets they receive. The digital numbers provided by the NFT avatar can cross multiple virtual worlds. Skins, toys, and other digital assets can be traded, connected to another network, and even rented without having to find some sort of middleman to oversee the process.

Many groups in the blockchain industry are already exploring this type of interaction. For example, Loot allows communities to create electronic applications in addition to virtual representations of Dungeons and Dragons. The WorldWide Webb3 pixelated meta-universe allows users to move around the game using CryptoPunk, Bored Apes, and other NFT avatars.

Virtual World Wide World Web3. Source: Twitter

NFTs allow owners to manage their assets according to their needs and preferences. While avatars, toys, and all kinds of NFTs are part of the blockchain meta-edge, there are other types of NFTs that take the blockchain meta-edge to a whole new level. It's a virtual building.

virtual buildings

NFTs, describing virtual real estate, may be the most attractive blockchain meta-world. When these digital lands came together, a virtual blockchain world (BVW) was created. It is a 3D virtual space where users can enter their own. It's a digital realm that gives homeowners the freedom to build homes, promote creativity and thoughtfulness, and promote independence. According to BVW, homeowners can create a wide range of digital homes.

Platforms like Decentraland, CryptoVoxels, and Somnium Space appear to be social, while sites like Sandbox, Treeverse, or Ember Sword are Play-to-Earn games with virtual real estate features. However, each platform comes with unique features. Somnium Space is a platform designed for virtual reality (VR) and CryptoVoxels is compatible with most NFT avatar inputs.

Certain digital uses of land

In some virtual lands, metacosmic populations can create multiple digital models. In other cases, virtual planes can become an integral part of console game mechanics, real estate can become a drummer, or simply reward owners for additional resources.

CryptoVoxels 3D virtual store and Axie Infinity 2D virtual space.

Plans like Decentraland, Sandbox, CryptoVoxels or Somnium Space allow users to create buildings in the virtual plans they have. In most cases, resources are not limited by the architect's design.

This BVW has been welcoming users and visitors for many years. Entrepreneurs who get land in this virtual world can start to create the center of their dreams. Here are some examples of virtual entities:

Library or museum has NFT and previous experience

Music venue where real-life and meta-universe DJs hold concerts

business centre

The sandbox is like a game

Retailers and retailers can play an important role in the virtual marketplace

Zoo des casinos du Decentraland

advertising and display sites

Stade

Decentralized and Virtual Theater. Source: NFTplazas

Digital Land embraces community creativity by becoming a virtual space for up-and-coming games that host live events, trade virtual goods, showcase NFT art galleries, and raise funds. Obviously, virtual real estate NFTs offer added value that is hard to find in any other asset.

Strong demand for virtual real estate

Zuckerberg's platform for the metaverse is the catalyst for a recent surge in virtual real estate values. However, there is no doubt that digital campaigns themselves have great potential. The tool appeals to both investors and hobbyists alike and supports precise measurement.

For example, two virtual countries became the highest NFT sales in November. Decentraland's Fashion Street estate sold for 618,000 MANA or US $ 242 million and Axie Infinity Genesis Plot sold for ETH 550 or US $ 233 million.

However, these sales are not isolated cases. Since the end of November, the average price of virtual land in Sandbox has increased by almost 500%. The virtual sandbox land exchange rate in November was $ 14,800, compared to an average of $ 2,500 in October.

A similar situation has occurred with other BVWs. For example, the expected price of the Decentraland network is 116% and the average price in November is $ 25,000. CryptoVoxels digital real estate price is 25% higher than the October listing fee.

Favorably, this significant increase is not limited to the 3D world. The browser-based pixelated virtual world, which identifies the Triverse Eye, achieves similar results. Since September, the price of Treeverse has increased an average of 256%, while the starting price of the series has increased by almost 100% over the same period.

It should also be noted that the demand for virtual land has increased. An increase in demand often leads to a price change which leads to the recent acquisition of virtual goods. The biggest impact was Sandbox, which saw a 421% increase in virtual domain trading from October through November. Likewise, with the support of other BVWs, the demand for virtual pitches has at least doubled.

Last but not the least is the importance of virtual land across the entire NFT market. In October, the floor market value of the top 100 NFT projects was estimated at $ 16.8 billion, of which only 8% was virtual land. A month later, the market value of virtual real estate increased to US $ 4 billion and now represents at least 25% of the commercial value of NFT floors.

Due to the combination of capital and macro-components of these digital spaces, the value of virtual real estate has been significantly improved. Facebook data is really useful, but it's about understanding the journey through the virtual world of blockchain.

industry-leading meta

The impact of the meta edge goes beyond the blockchain. It paved the way for new types of businesses by creating new capital and new social models.

Some of these resources are associated with virtual lands. For example, in The Sandbox, owners can decide to create a virtual experience where visitors can join for cash. If the owner decides not to build the house, the space can be rented out to someone else for renovation.

Sandbox virtual world map, location: Sandbox

However, the investment portfolio is not limited to virtual real estate. Avatars, connected objects, and in-game objects can be attractive. This product will be our own embodiments and people in the metaverse blockchain. For consumption, the size of the digital skin or clothing market in the existing gaming industry is estimated at $ 40 billion per year. A window of opportunity.

Major brands, especially fashion brands, have been warned. Following the advancement of the NFT product collection over the past summer, well-known brands such as Gucci and Dolce & Gabbana have launched their own NFT collections and entered the field. In August, Burberry became one of the first fashion brands to work directly with the Metaverse Project. 2,250 NFTs, including avatars and wearables, were released by BVW during the Blancos Block Party.

Last week, new additions grabbed the headlines. Adidas entered the blockchain meta-world through a partnership with The Sandbox, becoming the first joint venture designed to be a gaming platform to be obtained. Join The Walking Dead, Atari, Snoop Dogg, and more.

ancient cosmic population

The blockchain meta-world could have a huge impact on our community by not only opening the door to new forms of virtual commerce, but also creating new opportunities. In this case, the opportunity has shifted to full-time employment.

Virtual property managers or NFT specialist real estate agents can become agents to facilitate rental and sale in the virtual world. Knowing all the changes that have the most impact on the digital space can be beneficial.

Virtual designers have to look broad. Individuals provide services to landowners without much digital development. Whether the building design is finished or just closes the art gallery, the designer needs to finish it.

DJs, Musicians and Event Planners: Filmmakers and artists specializing in global events are in high demand.

Developers are a must. Whether it's drafting (smart) contracts, syncing front-end and back-end, or building full games, developers have different rules.

A meta-entrepreneur becomes the owner of a store, museum, or unknown entity.

DAOs, or decentralized autonomous organizations, should be the model for business modeling in the meta-world. As DAOs will eventually flood the streets of the Metaverse, you will need to create jobs for the Public and Community Relations Manager, Consultant, and many more.

Play to win existing players. For example, an Axie Fellow is an athlete hired by the owner of Axie to use his work tools while performing recreational activities or working and producing agricultural products. These models allow both parties to collect certain amounts of income.

Celebrity Portfolio hosted by DappRadar

These are just a few examples of what the future holds. The meta world is going to change the way we live now. It can have a huge impact on our relationships, our business and our entertainment. It is already designed to transform the industry to meet the new digital needs and preferences of the virtual community.

But that's just the tip of the iceberg. The blockchain meta-universe can transform our natural reality and make way for different places where CyberKongz, RTFKT clones and your avatars like to dance together until the dawn of the virtual field.