DenCity – Virtual Reality & Augmented Reality Life-Like Blockchain?
This AI-powered metaverse runs on Blockchain technology. It offers participants an immersive experience away from the bitter reality of the world. They can move to a new galaxy or universe where they can come up with their own rules for living.
Dencity – A Complete Ecosystem
On Dencity, people will be able to purchase and sell goods within the ecosystem. They will pay and are paid in the DNX Token, which is an ERC Token that will be used in both the virtual and real world. This Token will allow citizens of this metaverse to transact seamlessly.
Why The Use Of Blockchain?
The main reason why they used the Ethereum blockchain is to move the decision making power from a single point to everyone in the metaverse. Since the refinement of VR technology in the recent past, more people now spend more time in virtual worlds.
These interactions often occur on platforms such as computers and mobile phones, powered by VR hardware such as Oculus Rift, HTC Vive, and many more. It is estimated that the VR industry will be worth over $200 billion by 2021.
Rules Are Essential For VR
Those behind Dencity believe that rule and order are important for any society to thrive. With this in mind, they intend to release a survival guide. However, since participants control Dencity, members will be encouraged to converse in communities and sub-communities and create their own rules and regulations.
Creates Real World Incentives
In most virtual worlds that exist today, users get rewards, but these rewards have no real application in the real world. According to various reports, over 2.2 billion people play games daily.
However, none of this is incentive to participate in these virtual worlds since there is no real money involved. Gaming generated revenues of over $100 billion globally, but only a tiny fraction of this money went to gamers. The rest, who represent 95% of the ecosystem, did not make anything.
One reason why gaming companies do not reward virtual players with any real-world rewards is that a huge chunk of them does not pay. After the initial purchase, most of them never make any purchase. However, if they could earn tokens with real-world uses, they may be incentive to stay on.
Anger Over User Control
Over the years, manufacturers have faced a backlash from players over a change in the rules. Sometimes it is because the rules make things too easy or too difficult. However, if it was the community which was deciding on the rules, these issues would not exist.
In fact, each sub-community would have the right to choose its rules. It could then play the games or participate in the virtual world in a manner that it liked. In most cases, central authority always leads to some bad decisions.
Dencity has a well-planned roadmap that starts at the ICO stage and ends up at the interplanetary communication and trade. Each step has been carefully planned out to ensure there is no dissatisfaction among participants.