How is Blockchain able to speed up the revolution in virtual reality?
Victoria VR is a blockchain-based ecosystem that combines multiple platforms of virtual reality and generates an entire world filled with photorealistic content created by users, recorded in the blockchain
The high-tech revolution is at the forefront of virtual reality and augmented reality technologies today. Technology that looked like pure science fiction less than a decade ago, is quite mundane nowadays. In all spheres of life, from entertainment and education to the real estate and travel industries, virtual reality widely used. The market value also reflects this growth: the global market value of virtual reality was less than $15 billion in 2019, but if the dynamics remain as they are now, it will reach $70 billion by 2024. The market for virtual reality will grow even faster, judging by the recent events in the world.
For the virtual reality industry, the general turmoil caused by COVID-19 and quarantines has turned out to be quite a boon. After all, people still want new experiences and just that is given to them by virtual reality; users can visit different places in our world and even explore new worlds with no risks and maintain a social distance.
But virtual reality isn't the only industry that has recently been in bloom. Blockchain technologies and crypto currencies are other popular players. The industry has recovered since the 2018 crypto market collapse, and now it is stronger than ever. Naturally, people explored how blockchain could combine with what virtual reality brings to the table. It turned out that they pair well with these novel technologies.
First, without sacrificing its protection, it enables the decentralization of virtual reality content. Basically, it becomes possible to create a full-fledged virtual world by using blockchain, filled with the creations of its users and working on the rules created by its users, without the developers of the platform intervening. It makes it possible for users to create a world that truly lives on its own and enables users to experience it with no risk.
Second, copyright protection will still be in place despite decentralization because of blockchain; if one can steal the credit from the creative work of someone else, we record it in a blockchain. We can free protection of copyright from the bureaucracy that plagues it now, and an effective system of protection enables platforms of virtual reality to become pieces of a united ecosystem.
Third, merging with the market for profitable crypto currencies makes it much easier to popularize virtual reality. The interest will increase dramatically if people realize they can not only spend their free time in a virtual world but also make decent money from it.
An advanced platform that brings together virtual reality and blockchain
Victoria VR is a marvellous example of a project that leans heavily on all the benefits offered by the symbiosis of blockchain and virtual reality. It is a blockchain-based ecosystem that brings together multiple platforms of virtual reality and creates a complete world filled with photorealistic content created by users, recorded in the blockchain. Victoria VR users can therefore work with no risk or need to travel, visit tourist destinations, take part in meetings, enjoy concerts and play games.
By trading and running companies in the virtual world, Victoria VR also enables its users to make money in the actual world.
The icing on the cake is the ability, through staking VR, to earn a passive income of up to 20% annually: the Victoria VR token. In order to become eligible for staking, users only have to hold VR on their DEXFIN Exchange accounts.
DEXFIN exchange is quite an interesting platform. For every aspect of the crypto market, the crypto platform removes the need for specialized services. It offers trading of crypto currencies, staking of different tokens, access to campaigns for crowdfunding and tokenized assets all in one place. And DEXFIN Exchange also provides its users with a proprietary DXF token that both offers a lot of trading advantages and allows them to earn passive revenue through staking.
Victoria VR is paving the way for a new generation of joint blockchain and virtual reality projects that offer all the advantages and freedoms of virtual reality to their users, and real benefits in the physical world. The collaboration with DEXFIN Exchange ensures that enough interest and financial resources will give to this revolutionary project to take off and dramatically speed up the Virtual Reality Revolution.
Virtual Reality, Augmented and Artificial Intelligence 2021 specialist Amit Caesar wrote the article.
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