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An Analysis of the Encrypted Metaverse

The word Metaverse first came from the novel "Avalanche", but it doesn't stop there. Works such as "The Matrix", "Ghost in the Shell", "Ready Player One", and "Black Mirror" also contain metaverse. The concept of the universe. As the greatest "Metaverse" concept IP in the past 27 years, "The Matrix 4" was released some time ago, and the film and television industry once again set off an upsurge of discussions about the Metaverse/Brain in a Vat and the Metaverse Infinite Matryoshka. (The story background of The Matrix is ​​based on the 22nd century, when the earth is ruled by robots, and humans use their own flesh to provide energy for the robots; humans live in a virtual world Matrix built by robots. But human memory is cleared, I don't even know the truth about my life in the virtual world.)

Basically, the metaverse can be thought of as a fusion of the virtual world and the real world, just like the virtual world in "The Matrix", and this will be a persistent, decentralized three-dimensional virtual world. After the explosion of Epic's "Fortress Night" and Roblox, the concept of metaverse has returned to people's vision. Since then, the metaverse has been booming, and 2021 has also become the "first year of the metaverse".

The New Media Research Center of Tsinghua University believes in a research report that the predecessor of Metaverse can be understood as an open multiplayer game. "Second Life" (Second Life) is a phenomenon-level virtual world released in 2003. It has a strong world editing function and a developed virtual economic system, attracting a large number of enterprises and educational institutions to settle in it. According to the development team, this is not a game, because "there is no conflict to create, and there are no artificial goals" in which people can socialize, shop, build, and do business. Before the birth of Twitter, BBC, Reuters, CNN and other newspapers used "Second Life" as a publishing platform. IBM also bought real estate in the game and built its own sales center. Even Sweden and other countries also established virtual life in the game. embassy.

To sum it up, the metaverse is a fusion universe, merging reality and virtuality; the metaverse is a super universe, which transcends the real world. Metaverse ≠ virtual world, but metaverse = virtual world + real world.

The metaverse has four main characteristics, which is also the reason why the metaverse can be recognized and become popular with the public.

(1) Persistence: The metaverse will never die, just like the DeFi protocol, it can exist indefinitely without being monopolized by a single centralized institution or organization. In this virtual world, everyone's assets and achievements can be accumulated, and will not disappear just because a game manufacturer goes bankrupt.

(2) Interoperability: Since the codes are all open source, the metaverse world can give interoperability to the data, digital assets, and content produced by people using products in every experience. From the user's point of view, the props and equipment we obtain in each different game can be sent to friends in a more convenient way, or traded with other players in different shopping malls.

(3) Governance returns to the community: Like DAO (Decentralized Autonomous Organization), Metaverse can transcend geographical restrictions and share the virtual world with players from all over the world who want to participate in the ecology. The concept of governance can allow players to gather stronger centripetal force, carry forward the Metaverse, and create a positive feedback experience environment.

(4) Economic benefits: Just as Axie Infinity has previously developed an ecology such as game guilds, scholarship programs, and rental services, the virtual world in the Metaverse will inevitably generate more different economic behaviors such as leasing, selling, and buying.

In the "Metaverse Report" last month, Grayscale divided the existing metaverse into two categories, one is the Web2.0 closed enterprise metaverse, and the other is the Web3.0 open encryption metaverse . To understand simply, the first category is centrally owned and controlled by large technology companies, and the second category is jointly owned and controlled by global users.

As we continue to leapfrog into new ages and our interactions with the internet expand, the Metaverse promises to be the vanguard of Web 3.0.

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Virtual Worlds (Basic)

Sandbox

Sandbox runs on the Ethereum blockchain, allowing players to use their creativity and imagination to freely transform the virtual world, customizing it as they wish while collaborating with others. Sandbox has launched P2E activities, in the virtual world, players can spend time completing a series of tasks to earn assets. It’s worth noting that SandBox raised $93 million a month ago, led by Japan’s SoftBank’s Vision Fund.

Decetraland

Decentraland was originally created in 2015, first launched the Beta version in 2017, and gradually became one of the most powerful metaverse projects in the wave of NFT in 2021. Where users can buy land, visit buildings, move around or meet people. Decentraland has become a popular gathering place for the metaverse of the crypto world. Notably, the Ministry of Foreign Affairs and Foreign Trade of the Caribbean island nation of Barbados has signed an agreement with Decentraland to create a digital version of its embassy.

Cryptovoxels

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AR/VR (Cornerstone)

Bloktopia

Bloktopia is a virtual skyscraper built on Polygon. In this virtual world, players will be transported to an immersive virtual world where they can buy, sell and lease virtual assets and gain additional sources of income, Examples include playing games, token staking, and advertising revenue. Beyond that, they get access to virtual events, galleries, stores, and direct access to educational and learning tools from top figures in the crypto world. The Skyscraper has 21 levels, honoring the total supply of 21 million bitcoins, and each level has special amenities and features designed to enhance each player's experience.

Somnium Space

Somnium Space is an open, permanent VR world based on Ethereum. Its ultimate vision is to become a virtual reality world similar to the movie "Ready Player One". Players can socialize, buy land, build various facilities, imports, sales, etc., and can make a profit. Everything in Somnium Space will be completely shaped by the player.

Highstreet

HighStreet is building a VR world that will serve as a bridge between the virtual world, real life, and the Internet, including consumer products, games, and more. HighStreet hopes to redefine product consumption and how the market should sell these virtual products in this hybrid life of real world and virtual world. Highstreet also hopes to ensure the liquidity of all buyers by pricing products based on DeFi, introduce DeFi into the world of luxury goods and collectibles, and ensure fair and transparent transactions.

It is worth noting that HighStreet completed the second round of financing led by Animoca Brands in October. In addition, Animoca Brands, as the top game studio in the blockchain world, will allow assets in its projects to cross into the HighStreet world.

MeSkullz

MeSkullz wanted to build a VR virtual world where users could socially interact, play games and build communities. MeSkullz uses NFT as a connection point between the virtual world and the real world. It can be used as an avatar or digital data in the virtual world. Each NFT (character) is composed of today's famous works of art. It is unique and corresponds to the virtual world. 3D avatars. The project is not yet online and is still in the pre-sale stage. However, judging from the modeling shown on Twitter, MeSkullz is closer to an open-ended pixel-style game like "Minecraft". The modeling of the characters is very detailed, which is worth it focus on.

OVR

OVR is a decentralized platform for the web that aims to combine the real world with the virtual world with the help of Augmented Reality (AR). The platform consists of 1.6 trillion unique hexagons, called OVRLands, which can be purchased through auctions, traded decentralized, or leased. Each OVRLands is a 3D environment that can host games, events and tournaments, allowing users to independently create digital experience content from static 3D works to virtual stores, AR advertisements, artificial intelligence virtual assistants, etc. through the SDK, allowing users to use smartphone applications Explore and experience these AR content in the real world to create your own metaverse.

Ceek VR

CEEK is an award-winning developer of premium social virtual and augmented reality experiences (AR), aiming to provide creators with the tools they need to generate new revenue streams from the digitization of their art. Examples include helping music artists, athletes, event creators, and producers create fan-focused experiences. CEEK currently offers many immersive VR experiences in the virtual world within "CEEK CITY", including theaters, concert stages, sports centers, party lounges and more. Users can use CEEK Token to vote for content, control programming, and more.

Nouns3D

Nouns3D is a developer focused on Augmented Reality (AR), aiming to create a virtual pet world called Tamagotchi, where users can feed, play and grow with pets. Nouns3D uses the GLB model to realize the transferable format of storing 3D models in GL, and issued 10,000 3D NFTs. Under the background of AR technology, 3D NFTs will appear in people's daily life through applications. In addition, Nouns3D also tends to be social, and each 3D NFT can be changed to the user's name, which can play an important role in the virtual pet world.

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game entertainment)

Axie Infinity

Axie Infinity is a Pokemon-like NFT game that allows users to collect, breed and battle iconic Axie monsters for glory and profit through tradable and sellable NFT game assets. Axie Infinity is not only the biggest Ethereum game, but also one of the most used applications on Ethereum right now. As the pioneer of "gold-making" in the blockchain field, this summer fired the first shot of the NFT and GameFi frenzy, which also made blockchain games enter a stage of frantic development in the past few months.

Star Atlas

Star Atlas is an MMORPG game based on the Solana public chain, which will be built based on the Unreal 5 engine. In the far future of the game world three factions have emerged: (1) MUD Realm ruled by humans (2) ONI region controlled as a syndicate of alien races (3) Ustur region controlled by sentient robots. These factions are preparing to compete for resources, territory and politics. As citizens of the Star Atlas, players will have the ability to influence the outcome of this interstellar conflict and will be able to receive rewards for their contributions.

It is worth noting that the game has more than 30 professional development members who have decades of experience in game development and have participated in games such as "Star Citizen", "Horizon: Waiting for Dawn", "The Sims Series", etc. Development, and production of such films as Captain Marvel, X-Men: Dark Phoenix, and Spider-Man: Far From Home.

My Nighbor Alice

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Fan economy (fan interaction)

NBA Top Shot

NBA Top Shot is a game jointly launched by Dapper Labs and the NBA League that focuses on collecting NBA NFT cards. Based on the Flow public chain, the content of the cards is mainly the iconic actions of some famous Odaily players. NBA fans buy, sell, trade and collect digitized signature moves of the season.

It is worth noting that NBA Top Shot has also received investment from multiple NBA stars. In addition, NBA commercial director Josh Goodstadt once said: "The association believes that blockchain technology has created a truly unique product. Collect, manage and interact."

Chiliz（Socioscom）

Chiliz is a blockchain ecosystem built for sports and entertainment. Chilliz enables sports teams and other organizations to create their own fan tokens and use fan tokens as a medium of exchange within the community. Some of the high-profile partners include several major football clubs such as FC Barcelona, ​​Paris Saint-Germain and Juventus, which have issued their own fan tokens. These tokens can be traded on Chilliz Exchange. Additionally, the in-app experience allows organizations to use the Chilliz blockchain to activate their own offline fanbase with merchandise, giveaways, and exclusive experiences.

Heir

Heir is a decentralized fan interaction platform jointly launched by basketball legend Michael Jordan and his son. It is planned to be launched in 2022, aiming to build bridges between athletes, "culture creators" and global fans. The platform will be membership-based, with NFTs serving as the backbone of the new digital experiences Heir seeks to achieve, and will help athletes leverage the strengths of Web3 and the Solana public chain to connect with fans, including access to exclusive experiences and Direct route to product launch.

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Trading Platform (Virtual Asset Trading)

Opensea

OpenSea is currently the world's largest comprehensive NFT trading platform. Users can mint, display, trade, and auction NFT on the platform. OpenSea is the most important part of the NFT ecosystem, and its Ethereum NFT transaction volume accounts for about 98% of the market transaction volume. According to the survey, the lowest price of virtual land in Decetraland and Sandbox on Opensea has exceeded 10,000 US dollars.

Magic Eden

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Identity system (required)

ENS

The Ethereum Name Service (ENS) allows Ethereum users to create and manage decentralized domain names on Ethereum. These decentralized domains are minted as NFTs, which makes them easier to trade and promote. These NFTs, such as ethereum.eth, make transacting via these NFTs considerably easier compared to long alphanumeric addresses. According to the internal discussion notes published by Coinbase in December, it will cooperate with ENS to create the identity system of the Metaverse, making it possible to create an NFT with a name as a unique identity.

BrightID

BrightID is an Ethereum-based identity system that allows applications to verify that users do not use multiple accounts. It solves the unique identity problem by creating and analyzing social graphs. Unlike real-world identity systems, it provides online security, privacy, and protection of personal data. No one can create multiple accounts. All users have their own unique BrightID. As such, BrightID might provide an identity portal to the metaverse, much like a social security number or other government identifier.

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pay (economic)

Moonpay

MoonPay is an encrypted payment service provider based in the United States that builds a payment infrastructure for cryptocurrencies, allowing users to purchase cryptocurrencies, including NFT, using traditional payment methods such as debit cards, credit cards, and bank transfers.

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Infrastructure (Cornerstone)

From the current point of view, it seems that most metaverse projects have chosen to deploy on the public chain of the Ethereum blockchain. As we all know, Ethereum has problems such as high gas fees, slow confirmation speed, and block size limitations, which have even damaged the development of some projects on Ethereum. Not only that, it is extremely difficult to deploy complex smart contracts such as purchasing NFTs and minting coins, and sometimes even needs to pay Gas fees that are ten times higher than in the past.

So from the current point of view, the metaverse can only stay at the concept stage due to the lack of infrastructure, and many applications cannot be widely used. Therefore, it seems unrealistic to "count on" the single public chain of Ethereum to carry such a large transaction and ecological application in the Metaverse. The industry urgently needs to provide support for the development of the Metaverse through the coexistence of multiple chains. At the same time, through cross-chain, NFT and assets can achieve efficient docking, and some metaverse top projects can also be transferred to other blockchains, reaching a wider user audience, and ultimately realizing the mutual benefit of the entire metaverse ecology.

Bearer public chainstorage

storage: Recently, a programmer on Twitter wrote an in-depth post on NFT, exploring where NFT actually exists. He found that usually NFT will point to the storage location outside the chain. In the metadata, it is either linked by HTTP URL or IPFS Hash value. If HTTP URLs are used, once the server storing these media is shut down or shut down, these NFTs are just blank. Therefore, IPFS (decentralized storage solution) headed by Filecoin provides a decentralized data storage infrastructure for the Metaverse. In addition, applications such as Livepeer also provide decentralized video transcoding services for Metaverse.

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Summarize

Note: This article only shows some of the more popular projects. In the cryptometaverse ecology, there are still a large number of high-quality projects waiting for readers to discover by themselves.

Since the beginning of this year, driven by Facebook, more and more technology companies have announced the exploration of the Metaverse, among which Microsoft, Tencent, ByteDance, and Nvidia have attracted much attention. However, the importance of the blockchain to the development of the metaverse is still seriously underestimated. Due to differences in the regulation of the blockchain in various countries around the world, the blockchain industry is still surviving in the cracks of supervision, and a large number of technical talents and capital cannot enter smoothly.

The current metaverse is still a digital world beyond our cognition, and it will also be people's peek into a corner of the future Internet. With the blessing of the Web3.0 concept, the closed metaverse of Web2.0 is destined to develop into an open encrypted metaverse.

According to the "Notice on Further Preventing and Dealing with the Risk of Hype in Virtual Currency Transactions" issued by the central bank and other departments, the content of this article is only for information sharing, and does not promote or endorse any operation and investment behavior. Participate in any illegal financial practice.

risk warning:

According to the "Notice on Further Preventing and Dealing with the Risk of Hype in Virtual Currency Transactions" issued by the central bank and other departments, the content of this article is only for information sharing, and does not promote or endorse any operation and investment behavior. Participate in any illegal financial practice.