Notes

Give Me 15 Minutes, I'll Give You The Truth About Virtual Reality
Given Ripple’s recent involvement in the NFT space, Cointelegraph spoke to David Schwartz, Ripple's chief technology officer and co-creator of the XRP Ledger, during NFT NYC to learn more about the company’s growing interest in nonfungible tokens. Once transferred to a user’s digital wallet, tokens or NFTs are verifiably owned by that user. You can even create a property, such as art or buildings, and you can sell that property to other metaverse users, exchanging the property for non-fungible tokens (NFTs) or other units of value. For example, players can’t take their rare World of Warcraft sword, sell it, and then buy a house on Second Life, and activities are restricted by centralized platform owners. You can purchase, sell and stake your assets and virtual plots. In addition, artists can program in royalties so they’ll receive a percentage of sales whenever their art is sold to a new owner. Say what you will about Facebook’s foray into the metaverse (they’ll probably censor people in these new parallel universes), Zuckerberg’s move into this space shows that within the Big Tech juggernauts, this guy is ahead of the curve.

As the metaverse develops, Chainlink’s ability to provide trust-minimized connections between off-chain entities and blockchains will help further an interoperable and fully integrated metaverse that seamlessly incorporates all metaverse-related platforms, real-world experiences, and more. Sometimes, the current existence of user-owned digital goods that have traditionally real-world qualities of rarity, value, and history is referred to as evidence that the metaverse is already with us. From real-world data such as sports results and weather readings to metaverse-related events, Chainlink acts as a trust-minimized infrastructure for connecting real-world and online experiences, resulting in immersive metaverse encounters. In order to build a cohesive metaverse, there needs to be infrastructure that connects blockchains with each other and with centralized social media platforms, video game companies, and more. Etcheto said that the team began developing Moonray as a traditional, premium video game, but saw the potential of blockchain in gaming early enough to pivot the game design and business model. Some argue that the metaverse exists in the human interactions, feelings, and experiences that make up the digital lives we live on individual social platforms, video games, and more. Individuals’ willingness to participate on social media for fear of having their online identity arbitrarily seized.

Short of that, there are interactive programs and media presentations which are more interesting and teach more than just an old filmstrip. Xi's absence hasn't meant that China has fallen off the agenda here; European leaders are watching closely as tensions escalate between Washington and Beijing, particularly over Taiwan. Ideally, further metaverse developments would bridge all of the fragmented ecosystems that hold independent value and combine them into one holistic virtual environment, defined by seamless interoperation between each individual aspect to build a sum that is greater than its parts: an open world where people can co-exist in a shared virtual network rather than a fragmented ecosystem where individual networks are disconnected from one another by disparate hardware and software, differing geographical locations, and borders built up by competing entities. While blockchains offer greater interconnectivity than the current meta-room alternative, they are unable to solve the problem of fragmented ecosystems by themselves because they function as highly secure yet disconnected environments-leading to the need for secure oracles to bridge the gap.


All projects built on top of a blockchain are capable of communicating with each other due to their shared underlying infrastructure, leading to connected ecosystems that create a unifying experience. For buyers, this means a high level of due diligence, and for sellers or developers, it likely means extra work to handle the legal details while making the process feel “touch of a button” seamless for buyers. While we don't have an official scope of work for OMI set yet, here are a few areas we are looking into. However, as popular as MANA and Decentraland are, they do come with a few drawbacks. MANA is well-established metaverse crypto and is widely available, making it highly attractive to even the most novice user. NFTs can represent ownership of digital assets, including images, video, music, trading cards, cryptocurrency wallet names and even land within online virtual worlds. nft can buy, sell, trade, and create NFTs from online exchanges or marketplaces. NFTs are based on the same blockchains as many cryptocurrencies, most often Ethereum. Fortnite, Sweeney’s version of a world beyond ads, is still packed absolutely full of big pop culture franchises and brands building name recognition - in the same Post interview, he imagined auto companies dropping models of their cars into the metaverse to let people test-drive them.


Here's my website: https://metaversezeus.com/how-brands-such-as-nike-and-prada-utilize-nfts-and-what-could-go-wrong/