Usages of Blockchain in Virtual Reality

You may think blockchain is not important for you because, there are various virtual currencies and there is no need for another one but I think you’re wrong.

In this post, I will discuss the possible usages of blockchain in VR based on two articles from Invest in blockchain website.

 

There are several reasons why blockchain technology has us so excited, and some of them can be applied in VR. The main elements of blockchains, that are also applicable to VR, are the elimination of third parties, micro-economies, unique and limited assets, smart contracts and unfalsifiable proof of ownership and intellectual property.

 

Blockchain could help VR in this sections

  1. Storing Data:ontent created for VR can be safely stored with the use of blockchain technology. As of now, there is no set industry standard for this. Blockchain technology provides an excellent way of storing VR data and is superior to the methods we currently use.
  2. Watching and Protecting Copyrighted Material:
  3. Research Projects Blockchain would allow for VR cooperation in the form of open-source projects, intellectual cooperation and user-generated content. Users are able to work together on open-source projects in a virtual environment, while every adjustment and improvement is stored on the blockchain and the contributors will be updated.

 

Projects Using Blockchain to create virtual reality

Decentraland:

The native currency in Decentraland is Mana. With Mana, parcels can be bought and traded, your owned land can be developed, and you can start to charge people when they engage with your creations. Through this, users can actually earn money by making valuable virtual creations and experiences. Besides the cryptocurrency, blockchain technology will also function as a public ledger on which ownership of everything within Decentraland is stored.

Vibe

Vibe is combining VR and blockchain to create new virtual spaces in which a large variety of activities can be conducted, from sports entertainment to business meetings. These spaces will be part of the Vibehub, the platform on which the interactions of Vibe users will occur.

Mark.Space

This highly ambitious project wants to completely change how we engage with websites. Instead of visiting simple, 2D pages, Mark.space allows website owners to create a fully 3D environment through which visitors can move themselves and engage with the content of this environment. Websites created through the Mark.space platform will be fully VR compatible, but the 3D spaces can also be visited through any computer or augmented-reality device, and will be available for every browser.

 

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