Introducing The 4 New Platforms Combining VR And Blockchain
This discussion throws light on the combination of VR and blockchain. It is one of the best applications of technology. Read on
Combing VR And Blockchain
To state about blockchain it is a decentralized ledger technology that comes with the relevant applications which are in finance, data storage, cybersecurity and investing it doesn’t seem like a likely candidate for virtual reality as the former is a somewhat complicated platform relying on a blend of algorithmic cryptography to achieve autonomous consensus between individuals as the latter is an immersive new way to experience games and entertain oneself. However, here come these young inventions that are finding new applications with each passing day and slowly drifting closer together. Hence the market now has several examples of unique, useful solutions combining both blockchain and VR as others are joining soon as the trend catches on.
The claim is that through VR the purpose is in the fields of science, engineering, and more where Decentraland takes it back to its roots in the gaming world. Hence by now the virtual world is accessible through any normal VR headset and is hosted entirely on the blockchain, as accordingly, it has some unique implications including the ability to verifiably own the property that one inhabits.
Here the players are required to register themselves on the ledger to participate and can use cryptocurrency to record their irrefutable ownership over parcels of land onto it. Thereby a player’s virtual land can be developed with houses, businesses, or other services, just like in the popular game Second Life and monetized accordingly. The virtual denizens have then flocked to the terraforming event to reserve their spot in Genesis City helping Decentraland raise $ 24 million in a crowd sale for the project within just 35 seconds.
Another one that is the most applicable uses of virtual reality is to transport the viewer to a place they cannot be physically as it doesn’t necessarily have to be a custom virtual world and this is where Ceek demonstrates to an enthusiastic public. The current scenario is that Ceek as of now enlists an impressive combination that is of VR production and those blockchain smart contracts to allow anyone with a headset to attend those live VR concerts as also many other events that are with their favorite celebrities and the musicians.
Hereby the Ceek token holders can vote for the acts they want to see thanks to robust ERC20 Ethereum smart contract capabilities and fund curated content from the community that might not involve famous people at all. So a unique model hereby encourages users to get together in Ceek City a virtual venue complete with areas to hang out, chat, and watch the show together.
Henceforth Gazecoin is a unique blockchain solution that seeks to solve the issue that advertisers have in the new VR medium, there were current advertising methods for VR as it is still optimized for framed media where the approach is difficult to measure in terms of results because users aren’t interacting with a mouse. Here the key performance indicators have largely gone undeveloped for VR until now.
As it is known that this is where GazeCoin now uses a custom engine thereby to track a VR viewer’s eye movements so that it can determine exactly how much of attention they’re paying to sponsored content, rewarding them and advertisers proportionately as brands develop their own VR experiences can create derivative tokens built on the GazeCoin platform as well as providing them with a proprietary token while also contributing value to the underlying blockchain.
4. Blockchain 3D Explorer
Therefore it is somewhat a novel idea where those who are curious about the inner workings of the admittedly complicated blockchain can view it working in real-time in a virtual reality environment as the simple 3D rendering of the decentralized ledger is a thing to behold and helps put in perspective how the network is organized. Hence one can even pinpoint exact transactions on the network and watch as they move from node to node.
Thereafter Blockchain 3D Explorer is an excellent tool for teaching blockchain to the uninitiated as made even better because it’s provided for free on the various platforms that support it including Windows, Linux, and MacOS.
The Bottom Line
However, both VR and blockchain’s boundaries are still being tested considering the relative youth of these fields. It is that one thing is clear where innovators are not waiting for the next best thing as they’re actively working to create and build it. It is while each contributor takes a different approach to incorporate in these technologies as the possibilities for the future are endless. Hereby as VR evolves and is embraced by the mainstream it will help blockchain continue offering new immersive experiences and opportunities for development.