Blockchain and Virtual Reality: A Match Made in Heaven – Part 2

In continuation of the material from our last article, by the way, if you haven’t seen it, you can read it here

1 – Blockchain 3D Explorer

This product allows users to visualize the blockchain and its complexities using virtual reality. With this application, blockchain functions are displayed in a 3D virtual world. Users can venture into this world and explore blockchain operations in real time. Blockchain 3D Explorer users will be able to identify transactions on the network in VR, as well as take on a passive role as they watch those transactions move between nodes. Bringing a level of realism to the possibilities of blockchain, Blockchain 3D Explorer is the ideal tool for teaching people about blockchain. An oral lecture on blockchain technology cannot be compared to the visual training that Blockchain 3D Explorer offers. As blockchain courses become popular in universities, this tool will be a great way to provide a better learning experience for students. Blockchain 3D Explorer is available on various platforms including MacOS, Linux, Android and Windows.

2 – Decentraland

This is one of the most popular VR/blockchain offerings. This is a web-based virtual reality world accessible to users through a virtual reality headset. Decentraland VR content is rendered in each block using different reference points. The platform was built on top of the Ethereum blockchain and also uses Ethereum smart contracts for its operations. Decentraland is a virtual reality adventure that allows users to play casino games, listen to music, shop, or even start a business. The platform also provides an incentive to participate by allowing users to monetize their experiences. The native cryptocurrency MANA is used to manage the platform’s ecosystem and also allows for the sale of VR real estate in a limited space.

3 – Matryx

Taking its name from the VR themed sci-fi blockbuster, Matryx is also a virtual reality-focused platform, albeit one focused on blockchain, that allows people cut from the same cloth to work together to solve problems while earning rewards. By combining virtual reality and blockchain, Matyrx hopes to revolutionize how STEM companies operate by providing a platform for decentralized collaboration. Users of the system can share their problems with the community; community members gain access to these problems in virtual reality and are motivated to find solutions through rewards in the form of MTX, the platform’s user token. Interaction within the Matrix network is made possible thanks to specially created smart contracts that confirm the contribution of each participant.

4 – Capasity

Imagine being able to create your own 3D, VR or AR (augmented reality) content for your business that you can monetise; rent it out, sell it, or even use it to promote your products? This is the solution that the AR token offers. The AR Token idea is the brainchild of Cappasity – a cloud-based 3D, VR/AR platform for business. The Cappasity content marketplace is supported by blockchain protocols and storage infrastructure; it also offers toolkits that allow users to try their hand at digitizing 3D objects, and provides developers with an SDK to create their own AR/VR applications. Cappasity functions as a decentralized marketplace that will make AR/VR more accessible through the use of a unique billing system thanks to the platform’s native cryptocurrency – CAPP.

5 – Mark. Space

It is an open-source blockchain-based platform that is used to create 3D, AR/VR objects or spaces, as well as to integrate them into unified ecosystems. Mark. Space is quite accessible, supports many browsers, and requires no registration or installation. It is also compatible with virtual reality hardware such as Oculus, CardBoard and HTC Vive. Users Mark. Space can now create modern VR offices, stores, or even communities for business or entertainment. The virtual reality spaces under this platform are known as units. Transactions involving these units help secure ownership rights by recording this data on the blockchain. Like other VR/blockchain projects, the Mark. Space is managed by its own internal cryptocurrency, MRK tokens.

Reality

Although VR is not as popular as blockchain technology, there is no denying that it will play a crucial role in how we run our societies in the future. New VR projects are popping up all over the place, so we’re only scratching the surface of the five we’ve talked about here. The growing demand for AR/VR solutions from private consumers and corporations has led to a sharp increase in market share in this industry. In fact, statistics

Although VR is not as popular as blockchain technology, there is no denying that it will play a crucial role in how we run our societies in the future. New VR projects are popping up all over the place, so we’re only scratching the surface of the five we’ve talked about here. The growing demand for AR/VR solutions from private consumers and corporations has led to a sharp increase in market share in this industry. In fact, statistics from the International Data Corporation (IDC) predict a whopping 52.5% growth rate over the next five years, while revenue could approach $75 billion by 2021! Blockchain-based virtual reality applications can further accelerate growth rates by making virtual reality platforms more secure and ready for mass adoption.