Blockchain tech and virtual reality share one thing in common: their lack of awareness in the public eye. However, they can complement each other in a number of ways. For example, virtual reality is popular with the creation of digital environments in real world applications like gaming, property, security, and organizational training.
The blockchain is decentralized in nature, and provides instant transmission of information. This instant and immutable transmission of data helps improve the performance of different platforms, such as virtual reality. This is especially true as the storage of data in centralized units could reduce its growth and viability.
Top 9 Virtual Reality (VR) Blockchain Projects
The blockchain also offers the ability to track voice communications and the tracking of bodies for avatars in virtual environments.
When data gets stored within blockchain distributed ledgers, users are then afforded a greater amount of control for their data, and thus heightened privacy and security. This could help prevent copyright infringement.
1. Voxelus Or Revolution VR
Voxelus has rebranded to become known as Revolution VR. This company released a multiplayer game and also a marketplace where users can trade 3D assets. Users can buy and sell in-game items using Voxels (VOX) cryptocurrency, which can then be exchanges for Ether or Bitcoin on the platform. One can also use Voxels to buy a stake in the Voxelus business.
Voxelus allows anyone to create, share and play virtual reality content without prior experience with VR coding.
The platform was launched by Halsey Minor, who also launched Salesforce.com.
Like other blockchain VR projects, the Florida-based developers at Ceek develop social virtual and augmented reality 3D experiences. Some of the experiences include live concerts, classrooms, charities, and even sporting events. These events can be viewed and participated in by anyone with a VR headset.
Ceek has also launched its independent virtual reality world called CEEK CITY. This VR City includes features such as a theatre, arena, sports stadium and more.
Ceek also works with peer-to-peer social experiences.
CEEK also has its own brand of cryptocurrency, also called CEEK. CEEK tokens are ERC-20 compliant and let users pay for experiences, voting, engaging in contests, and buying and selling virtual goods on the CEEK platform.
Ceek also has what’s called a Celebrity Coin Cast that gives the entertainment industry access to mint custom coins and be traded within the platform.
Decentraland is a virtual reality world that users can access with virtual reality helmets via the web. Decentraland was built on the Ethereum blockchain, makes use of Ethereum smart contracts. The virtual reality content gets rendered for each block through different reference points.
Users of Decentraland can explore hosted and user-generated content. One can visit a casino; watch live music, shop with friends, start a business, and much more. Users can even create their own experiences and resell them on the platform.
Decentraland sold 70,399 of its land to more than 3,000 users in exchange for MANA coins in August of 2017. Mana coins are used to buy empty land.
The ICO targeted artists, gamers, and online communities who are interested in making money through building and selling VR and 3D experiences.
4. Nanome – Matryx
The San Diego-based Nanome, or Matryx as it’s sometimes called, designs virtual reality applications for clients in the pharmaceutical industry. Nanome is responsible for producing Calcflow, Nano-pro, and Nano-one. These brands are used by some of the biggest development labs. Nanome focuses on STEM, which are science, technology, engineering and mathematics.
The Nanome – Matryx partnership will allow its suite of virtual reality products to enter a new decentralized platform. The partnership will make use of the internal MTX tokens that can be leveraged for enhanced cooperation between users on the platform.
For example, some large pharmaceutical companies and other businesses could post a reward on the Matyx platform. Users could find the reward in virtual reality, and then come up with their individual solutions, with the best idea rewarded at the end of the contest.
The Nanome – Matryx ICO raised 12,000 ETH.
5. Gaze Coin
Gaze Coin functions similarly to a monetization platform that allows advertisers make virtual reality experiences on the platform, which have been enabled on the blockchain. As well as the internal token Gaze coin, programmers can make their own derivative that uses the Gazecoin platform.
What’s in it for users is that they can interact with this content using virtual reality. Gaze Coin employs a separate engine to monitor a user’s eye movements as they view the content. This is what enabled Gaze Coin to reward users with new tokens.
To put it simply, Gaze Coin functions as an application for virtual and augmented reality advertising, and provides a way to track copyright and reward users.
So far, the project has raised $6,215,827 at the conclusion of its ICO.
6. AR Token
The AR token is a decentralized AR/VR platform for trading 3D content. AR token is owned by a company named Cappasity, and is well-regarded in the VR industry.
The platform allows one to create a numerous forms of media, such as augment reality, virtual reality, and 3D. Each bit of data is assigned a unique hash and then stored on a blockchain ledger to prevent copyright problems. The details for transactions are stored via a smart contact protocol.
Using the platform, customers can buy and sell content packages using CAPP tokens.
Cappacity is due to enter the second phase of its ICO during March 22 for this year.
Vibehub is a virtual reality platform with its own internal cryptocurrency that rests on the blockchain. Vibehub’s internal currency is the VIBE token, which users can use to buy and sell experiences on the vibe marketplace.
Vibehub rose over 5,000 ETH in an ICO last year, so most of the features for the platform are either in development or testing.
Vibehub will allow any users to buy or sell virtual reality sessions including live performances, music, and unique offerings from celebrities. There are plans to roll out games and other features in the near future.
Vibe hub also records unique social experiences, lectures, talks, and other streams in videos that get hosted in the platform. Users can then watch or go to these events for a fee. As the platform is decentralized, one can use a wallet service and social features such as a profiles and postings, making it similar to Facebook, except on a trust less and immutable ledger that guarantees the integrity of the data.
Vendors or virtual or augmented reality content get paid in VIBE tokens (ERC20), which can then be traded around on numerous popular exchanges such as Binance, Ether Delta, or HitBTC cryptocurrency exchanges.
The tokens can also be used to buy virtual assets to cast votes on the platform. The good news is that there are no fees charged for micro transactions to take place.
Additionally, augmented reality content will be made available on the web as well in the oculus rift.
Indiesquare is credited for creating the bitcoin virtual reality game, which involves a real-time simulation of bitcoin transactions in the blockchain. Customers can purchase Indiesquare through either Steam or the virtual reality marketplace.
As part of the experience offered by Indiesquare, players are able to walk around the blockchain in the included Forest of Satoshi using VR headsets, with this; users can see a live stream of transactions as they are processed. One can also help prune the network using a virtual bow and arrow.
9. Blockchain 3D Explorer
As the name might suggest, the Blockchain 3D Explorer is a three-dimensional rendering of the blockchain. This lets people see the blockchain working in real time in an augmented reality environment.
Blockchain 3D Explorer puts the inner workings of the blockchain into perspective, and categories how the network gets organized. Users can even find the exact transactions on the network and then watch them as they move from node to node.
When used correctly, the Blockchain 3D explorer could be a great tool for teaching how the blockchain works to others, as it gives a first-person account for how the blocks interact with each other.
Blockchain 3D explorer can be acquired without cost on the platforms that support it’s codebasing, including Windows, Mac and Linux.