Blockchain metaverse ecosystems gain traction as brands create digital experi...
Blockchain-based metaverse environments allow brands to offer more user benefits, such as increased interactivity and ownership of virtual items, but will it catch on? Billion-dollar companies are taking the Metaverse by storm as consumers have shown heightened interest in virtual, interactive, three-dimensional experiences that take place online. While the “Metaverse” is still a new concept, research firm Strategy Analytics found that the global Metaverse market is forecasted to hit nearly $42 billion by 2026. This very well may be the case, as a handful of businesses including Nike and....
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Here's how blockchain is currently being used to create business models in the Metaverse, achieving efficiency and cross compatibility with the real world. Enterprise blockchain has come a long way since its inception in 2017. Blockchain for enterprise use initially began as a technology built on private, permissioned networks, primarily used for supply chain management. As blockchain matured overtime, enterprises began to leverage public, permissionless networks like Ethereum to conduct business. Fast forward to 2021 — enterprises are now applying decentralized concepts to create more....
Mainstream designers are debuting NFT collections in the Metaverse this year, demonstrating the future of fashion. The rise of the Metaverse has resulted in an entirely new digital economy, one defined by virtual experiences and interactions. In turn, metaverse ecosystems consisting of avatars are also emerging, allowing individuals to express themselves through digital customizable 3D characters. This idea was recently broadcasted to the mainstream when Facebook’s parent company, Meta, introduced a series of inclusive avatars. While the Metaverse may sound futuristic, recent findings from....
BSC-based projects will get a chance to gain insight from Animoca Brands and assistance from the BSC community. Binance Smart Chain (BSC) and Animoca Brands are launching a $200 million investment program to incubate early cryptocurrency-focused gaming projects building on BSC.BSC and Animonica announced Dec. 6 that they are co-investing up to $100 million each to support game projects in the GameFi sector.One of the largest blockchain ecosystems, BSC will be investing from its $1 billion accelerator arm for decentralized finance (DeFi), nonfungible tokens (NFT) and GameFi. The fund was....
Thanks to the Metaverse, luxury NFTs from premium brands can see their total value skyrocket, potentially reaching $56 billion by 2030. The nonfungible token (NFT) market is hot right now, and the future forecasts that it will only be getting hotter. The creation of the Metaverse opens the gateway for NFT luxury brands to reach $56 billion by 2030. As the production of NFTs continues to create new forms of fashion consumption, more and more premium brands are jumping on this fast-moving train, investing in their new digital collectibles businesses. As more aspects of people's lives are....
Trace Network, the state-of-the-art DeFi and NFT protocol for a wide range of enterprise-grade and consumer applications offer a unique, immersive experience to the community in the virtual world. In a recent announcement, the project expressed its intention to create a lifestyle NFT based protocol for the metaverse. The new protocol will offer limitless customization options for the end-user while allowing brands to enable virtual personas to flaunt their creations. The concept of metaverse has gained a lot of traction in recent days, thanks to the increasing adoption of NFTs and the....