Month: May 2022

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Announcement Metaverse Blog

Blockchain Game Alliance joins Metaverse Summit to Showcase the Best Innovation in Gaming & Blockchain

Metaverse Summit is honored to present Blockchain Game Alliance

BGA’s goal is to spread awareness about blockchain technologies and encourage adoption through the use of NFTs, Play-to-Earn, highlighting their potential to foster new ways to create, publish, play, and build strong communities around games.

The Blockchain Game Alliance is an organization committed to promoting blockchain within the game industry.

Their goal is to spread awareness about blockchain technologies and encourage adoption by highlighting their potential to foster new ways to create, publish, play, and build strong communities around games.

The BGA also provides an open forum for individuals and companies to share knowledge and collaborate, create common standards, establish best practices, and network.

How Blockchain Collectibles Can Transform Game Monetization & Promotion

Virtual items have had perceived value pretty much ever since gaming went online and gamers could see what virtual “stuff” they had compared with other players.

With the emergence of blockchain technology, virtual items like rare game assets have had their value proposition drastically increased when they are created on the blockchain as non-fungible tokens (aka NFTs).

Core Properties of Blockchain

Properties bestowed by blockchain will revolutionize the monetization and promotion potential of game assets.

What are these properties, and how can they benefit game items, gamers, and game developers?

Transparency; Immutability; Security; and Decentralization.

That might sound like a game of buzzword bingo, but each of these core aspects of blockchain benefits game items — and the gamers who own them — in unique ways.


Transparency

Scarcity has always been a function of calculating the value of anything; it’s one of the fundamental principles of supply and demand.

With blockchain, because assets are created on a distributed public database, the supply (and ownership) can always be openly and transparently tracked.

If rarity of a certain asset is claimed, it can easily be investigated and confirmed via a blockchain explorer like Etherscan or EnjinX.


Immutability

History and provenance have likewise long been a criteria in determining what an item is worth, and blockchain adds this to the digital world.

The Ethereum blockchain cannot be tampered with, as its records have to be confirmed by a vast decentralized network of independent computers.

Thus, each tokenized asset has a trackable history and can gain value from factors like prominent owners, use in significant gaming events, and past purchase prices.


Security

It could be argued that because there are no single points of failure, Ethereum is the safest database in the world, covering the storage, transfer, and management of virtual assets.

If one game server goes down, you could lose anything — but that’s not the case when one computer on the blockchain drops out.


Decentralization

In the traditional system, gaming assets are stored on a centralized server owned by the game company.

They provide you access to your assets, rather than real ownership — and this access can be lost or revoked at any time for a variety of reasons.

With blockchain, you own assets directly on your personal blockchain address. As long as you keep the private keys required to transact from this address safe, nobody can take them away.

The best way to do this is by using a cryptocurrency wallet to act as an interface with your blockchain address. Metamask, Opera or the Enjin Wallet, for example, is optimized for blockchain gaming assets.


The Benefits of Ethereum

All of the above properties add value, but specific technological features of Ethereum help to provide even more value in monetization potential.

Game developers can use the smart contracts of cryptocurrencies and token standards like ERC-1155 (optimized for the creation of both fungible and non-fungible tokens) to change the way items generate revenue. These include:

Trading Fees: Developers can benefit from automatically receiving a portion of every asset sale/trade; for example, getting 5 Tokens when Player A sells to Player B, 5 Tokens when Player B sells it to Player C, and so forth.

Melt Fees: Developers can also benefit from automatically receiving a percentage of the cryptocurrency retrieved when an asset is melted (destroyed). For example, if a player melts an item backed by 50 Tokens, and the melt fee is 50%, the developer will receive 25 Tokens.

Asset Rentals: Going away on holiday? Stopped playing a specific game? Put your assets up for rent and have them automatically returned to you when the rental period is finished.

Transparency. Immutability. Security. Decentralization.

Four words that could well change the world of gaming forever and give game developers unimagined potential for monetization and promotion.

Categories
Announcement Metaverse Blog

Unstoppable Domain : Building Decentralized Digital Identities for the Open Metaverse

 

Metaverse Summit is honored to present Unstoppable Domain – The #1 provider of NFT domains on the blockchain

Unstoppable Domains is on a mission to return the power of the internet to people. To accomplish this, we are creating NFT domains that put you back in control of your data. These aren’t just traditional domains, these are domains with superpowers.

 

NFT domain and decentralized digital identity for Metaverses
TLDR; NFT domains are domains that live on a public blockchain and give users complete ownership of their stored data. The main benefits to owning one are simplifying crypto transactions by replacing wallet addresses with the domain name and easily creating and hosting websites on web3.
If you haven’t heard yet, NFT domains are the newest kids on the block(chain) and they have the power to change what we know of as the internet today. But before we dive into all that goodness, let’s take a step back to run through what traditional domains are and define NFTs — that way, you can truly understand the superpowers behind NFT domains.
Typically, you interact with a traditional domain when you type the address (like Twitter.com) into your browser. But did you know traditional domains were originally built to do so much more on the internet? Think of functionalities like email and payments. Hard to believe, right?
But as we can see, traditional domains haven’t progressed much beyond displaying websites. This might be because traditional domains have been controlled by centralized servers since the internet was created. This made it much more difficult for developers to innovate on top of that technology.
Luckily for us, the tech that powers NFT domains (a.k.a. blockchains) opens up a whole new realm of possibilities for us on the web!
What is an NFT?
NFT (non-fungible token): a digital certificate of authenticity used to assign and verify ownership of a unique digital or physical asset. Unlike fungible tokens, NFTs are not interchangeable with one another.
Okay, so how does blockchain technology make these NFT domains so special?
Great question! NFT domains are essentially a suite of smart contracts, which is a fancy term to describe software written on a public blockchain. This means that instead of one company controlling your data online, the power is transferred back to you as the user. And by being built on blockchains, anyone can look at the data stored there, creating a level of ultimate openness and transparency. 
On top of that, there is the benefit of enhanced security — only you hold the power to make updates to your NFT domain, which minimizes worries about servers getting hacked or domains getting stolen.
All that to say, blockchain superpowers give everyone a safer way to surf the internet while also giving control back to you over what gets shared and where it gets shared.
Cool, I’m starting to get the power of blockchain but am still not 100% sure what I can DO with an NFT domain?
We were just about to get to that! To quickly summarize, here are your domain’s superpowers (with more exciting new features on the way):
Simplify crypto transactions by replacing all your complicated wallet addresses with your domain name as your username.
Use your domain to receive 275+ coins and tokens across multiple blockchain networks. 
Login to apps with your domain name as your universal web3 username.
Unlike traditional domains, fully own and control your domain. You buy it once, you own it for life!
Easily create and host websites, ranging from personal websites to NFT galleries. 

 

Why did we choose Unstoppable Domain?

 

Below are 5 reasons you need an Unstoppable Domain that range from the superpowers they provide compared to regular domains (such as also functioning as a wallet address) to the unique benefit of never having to pay renewal fees.

 

#1) Zero Renewal Fees

 

Unlike traditional .com domains, you fully own and control your Unstoppable Domain, so you never have to pay renewal fees. Ever. You buy it once, you own it for life!

 

#2) Seamless Crypto Payments

 

No longer fear your payments getting lost in the ether (pun intended). Instead of copy and pasting your wallet address (which is similar to a bank account number and can look like: 0xc6b0562605d35ee710138402b878ffe6f2e23807), use an Unstoppable Domain as your one-stop-shop username to store all of your wallet addresses for sending and receiving crypto. 

 

#3) Multi-Chain Compatibility

 

Your NFT domain comes with the superpower to receive over 275 supported coins and tokens, with many more on the way! Now you can navigate crypto transactions with ease, regardless of the blockchain network. Browse the complete list of supported cryptocurrencies here.

 

#4) Decentralized Websites

 

Want to create a website on the decentralized web? Create one in just a few clicks with our pre-made templates. Own any NFTs? Create a gallery-style website to show off your favorite collectibles as your collection grows. We’ll be adding more features and templates in the future, so stay tuned here.

 

#5) Own Your Identity on Web3

 

As the world shifts to web3, it’ll be more important than ever to own your part of the new internet. By owning an Unstoppable Domain, you’ll not only help progress the digital world, you’ll ensure your identity is secured for the next wave of technology.

Categories
Announcement Metaverse Blog

LightHouse : Connecting the open metaverse

Come and experience the future of search engine with our sponsor Lighthouse! they are building the most extensive search engine of the spatial web to help onboard the next billion users to the open metaverse. #metaverse#web3#future

LightHouse: Connecting the open metaverse

Creators around the world are working day and night to build breathtaking experiences across the spatial web.

We are witnessing in real-time visionaries like The Sandbox, Decentraland, Somnium Space, Cryptovoxels, and many others lay the foundations upon which millions of users can unleash their creativity and rewrite the rules of what can be done online.

At Lighthouse, we define the open metaverse as the experience-centric web — a sharp contrast with the information-centric web we are all familiar with.

We see a near-term future where most social and commercial use cases of the web migrate to persistent, real-time, and interactive 3D digital spaces. In this future, the richness of experiences is unlike anything we’ve seen before, and navigating through it all is one of users’ biggest challenges.

This is where we come in.

OUR MISSION

We are building the most extensive search engine of the spatial web to help onboard the next billion users to the open  metaverse

pillars-low.png

The pillars of navigation

Discovery

Lighthouse empowers users and creators to find one another. Our powerful navigation platform allows users to search for items across and within worlds – significantly facilitating discovery and unifying cross-world search capabilities.

We also understand that the metaverse is meant to be a profoundly social place. By enabling the creation of friend groups, we empower users to navigate the open metaverse in tribes and make exploration an intrinsically social experience.

Our real-time, rich and intuitive search capabilities are achieved through direct data integrations with the worlds we partner with. We aim to one day be the decentralized connecting layer unifying the dots across the entire Web3 ecosystem.

Mobility

We see a near future where landing places increasingly replace landing pages. In this future, navigating across spaces is as frictionless as using hyperlinks to navigate across web pages today.

Lighthouse intends on being the gateway for these bridges between worlds, regardless of the ecosystem on which they are built – opening up a new primitive for mobility in Web3.

Categories
Announcement Metaverse Blog

OVER the REALITY: The Future AR Metaverse is Here

 

OVER is the decentralized infrastructure for the AR Metaverse, merging the physical and virtual world through Augmented Reality, creating a new dimension where everything is possible.

Our decentralized digital layer enables OVER users to create never-before-seen geolocalized experiences. Now, it’s your turn to stake a claim.

 

The Future AR Metaverse is Here
Become an nFT Landowner
Stake your claim in the OVER ecosystem by buying, selling, or renting OVRLands. Content creators who contribute to the metaverse can unlock exciting new opportunities to build and launch their own AR experiences
DISCOVER MARKETS
Jump into the AR Metaverse
All you need to do is create your unique, personal avatar, and you’re ready to join the AR Metaverse! User-generated experiences allow for endless exploration and opportunities to meet new people. Avatars are created using the OVER App, so get yours now.

 

THE BUILDING BLOCKS of the AR Metaverse
OVER is building the Metaverse and making it accessible for anyone, from anywhere.
Thanks to the SDK, builders can use an expressive tool to connect 3D assets, experiences, and play-to-earn games to the spatial domains defined by OVRLands and mapped with OVRLand Mapping.

Categories
Metaverse News

METAVERSE NEWS : Niantic partners to build a real-world metaverse

Niantic, the technology company behind Pokemon Go, is partnering with UK-based digital technology authority Digital Catapult to develop a ‘real-world metaverse’.

The Niantic Lightship Augmented Reality Accelerator will provide UK entrepreneurs the opportunity to engage with Cartoon Network and globally renowned choreographer Wayne McGregor to create immersive experiences.

The program will look at how augmented reality technology might shape the real-world metaverse, transforming it into the next platform for social interactions, improving human experiences, and bringing people closer together. Moreover, Niantic just released the Lightship Augmented Developer Kit, which seeks to make creating AR experiences easier for developers.

Three startups are set to be awarded up to £100,000 each to develop a demonstrator of a socially engaging AR experience using the platform

“We’ve always been devoted at Studio Wayne McGregor to investigating the ever-inspiring interplay between new technology and human performance – propelled by physical intelligence,” Wayne McGregor CBE remarked.

“This one-of-a-kind cooperation with Niantic and Digital Catapult enables us to dream larger and go deeper into our expanding metaverse(s), envisioning a new sort of shared creative experience that frees the imagination.”

“We know that really connecting with movement allows us to have a deeper knowledge of what it is to be human and our role in the world. This initiative gives everyone the tools they need to tap into their inner creativity, engage with others in creative ways, and explore their bodies and the environments they occupy in new and unlimited ways.”

In addition, Digital Catapult has the most reach into the immersive ecosystem of any UK organization: its flagship immersive accelerator, CreativeXR, received 750 applications last year.

“The UK has unique strength in the large number of creative studios and businesses that have emerged from sectors such as games, TV, film, vfx, theatre, and music and are now leveraging AR & VR technology to explore the creation of entirely new kinds of immersive experience,” said Jeremy Silver, CEO of Digital Catapult.

“Digital Catapult is delighted to be collaborating with Niantic to drive early adopters and open up this new field of cultural and commercial opportunity as one of the world’s leading businesses at the forefront of enabling the growth of augmented reality as a platform for new products and services.”