Fun

Crypto’s Next Frontier: Virtual Reality – And World of Warcraft

News Feed - 2019-07-29 02:07:36

Imagine the near future, when virtual reality – along with cryptocurrency – has become a fixture of daily life. The Other World Built on Ours – And Powered by Crypto


Some people might work in VR, commuting to work from their home-office desk and doing tasks at a virtual workplace. The work will mostly be intellectual, but just consider the possibilities: After work, what can you do?


Imagine a massively multiplayer roleplaying game like Runescape or World of Warcraft suddenly converted to VR. Now add cryptocurrency and blockchain, what do you have? The ability to own that bow or staff in your hand. Likely even the ability to trade it for real money, via blockchain.


The implications aren’t just in economics, either.


VR gaming will give rise to more exercise among gamers if nothing else. People will have to move about to play the games most effectively. That alone will be viewed as an improvement by many.


Beyond that, however, there are the implications of a new world on top of the existing one. Want to travel to China? No need to get on an airplane.RelatedPosts Jeremy Lin’s $65 Million a Cold Comfort as NBA Champ Hits Rock BottomAmid Bitcoin Price Drop, Crypto Analyst Foresees Sustained Rally


Get on your VR headset and pay a small fee to tour China – perhaps in real-time. Virtual worlds could overlay existing ones with the right camera equipment.


Combat games might take on an entirely new meaning. You could simulate the grisly reality of killing someone with a gun or a sword, and that might shift the way we view video game violence as a culture. Working, Paying, and Playing in a Blockchain Virtual Reality One wonders whether Facebook will mesh its virtual reality and cryptocurrency plays. | Source: ALAIN JOCARD / AFP


The possibilities are endless. Augmented and virtual reality will create a new depth to life on earth. In this other universe, anything is possible.


The ability to own things in virtual space may quickly become more important to people than owning material things.


If this happens, the effect on the environment is hard to understate.


So far, we’ve identified two real ways that VR and AR technology might improve society. Then there is another benefit: genuine demand for blockchain.


Some game platforms like Enjin have already built upon Ethereum, but other platforms exist and are actively trying to attract game development. Even Ripple wants in on the action.


The future is likely to see increasing physical labor done by robots. People will have more leisure time and likely more money – either a universal basic income or a general increase in wages for human work.


Human labor will shift to intellectual pursuits, while leisure time will increasingly be spent in virtual space.


The consequences of games taking place in virtual reality, where you feel what’s taking place, might seem much more significant in the future.


Yes, some aspects of it will be a great deal of fun. People will, for example, be able to own extremely expensive race cars in games. These cars could even be produced and sold by real-life manufacturers.


People could win and lose money betting on races or even playing regular types of games.


Then there is the new world of online casinos, where players can enter and walk around.


All of which leaves out the porn industry’s obvious applications to VR. Crypto Needs Use Cases, and VR Needs Blockchain


The whole frontier makes more sense with cryptocurrency technology. People will want to own the assets they spend so much time earning, and blockchain can have other benefits such as personal identification and verification.


The concept can be extended further. The virtual world may be much more extensive and easier to traverse than our real world, built as it will be on the networks of today. Imagine attending an actual boxing match in VR, along with a billion other viewers who otherwise couldn’t have fit in the auditorium?


Even better: imagine paying for the ticket as you get there by touching your digital wallet to the entry point.


Movie premieres, theme parks, games, activities – all of this may become more accessible, even to people without a lot of money. That may, in the end, be the real promise of the technology: opening the world to those who might have no other way to access it fully. Tags: virtual realityworld of warcraft

News Feed

Ethereum ETF launch drives $2.2B inflows — CoinShares
Josh O"Sullivan13 hours agoEthereum ETF launch drives $2.2B inflows — CoinSharesCoinShares reports that spot-based Ether ETFs, debuted with a significant $2.2 billion of inflows, offset by Grayscale’s $285 million in
Bitrue Aims to Democratize Token Listing Rights by Opening Voting Power to Users
Bitrue Aims to Democratize Token Listing Rights by Opening Voting Power to Users Digital asset exchange Bitrue is seeking to engage its user community directly b
Evidence Shows Politicians and Wall Street CEOs Expected the Market Crash Well Before Covid-19
Evidence Shows Politicians and Wall Street CEOs Expected the Market Crash Well Before Covid-19 The coronavirus outbreak has sent shockwaves through the world’s economy and
Ukraine Targets Russian Politicians’ Crypto Wallets as Russian Banks Are Cut From SWIFT
Ukraine Targets Russian Politicians’ Crypto Wallets as Russian Banks Are Cut From SWIFT Ukraine is now trying to expose cryptocurrency wallets used by politicians in Moscow amid
While the FTX Co-Founder Claims He ‘Wasn’t Running Alameda,’ SBF Is Asked Why He Threw Caroline Ellison ‘Under the Bus’
While the FTX Co-Founder Claims He "Wasn’t Running Alameda," SBF Is Asked Why He Threw Caroline Ellison "Under the Bus" While the former FTX CEO Sam Bankman-Fried (SBF) has done
President Biden announces picks for SEC, FDIC and Treasury leadership
Turner Wright5 hours agoPresident Biden announces picks for SEC, FDIC and Treasury leadershipCFTC Commissioner Christy Goldsmith Romero could replace Martin Gruenberg after allegations of a toxic workplace culture at the
Amaka Nwaokocha10 hours agoEuropean Commission aims for universal acceptance with digital euro proposalWith this move, the European Commission aims to open up the payments market controlled by banks, Visa and Mastercard.
Turner Wright13 hours agoJudge denies motion from Binance regarding allegedly ‘misleading’ SEC statementsThe legal teams for Binance, Binance.US and CZ filed a motion for the court to order the SEC to comply with “
Major Exchanges Experience Technical Issues as Bitcoin Price Drives in Massive Traffic
Major Exchanges Experience Technical Issues as Bitcoin Price Drives in Massive Traffic Bitcoin has finally broken the $20k resistance level. The record-breaking
Helen Partz10 hours agoEOS Foundation urges creditors to reject $22M Block.one settlementThe EOS Network Foundation has called on plaintiffs to drop the $22-million settlement with Block.one weeks after initiating a new
Forcount crypto scheme promoters plead guilty to wire fraud conspiracy
Turner Wright2 hours agoForcount crypto scheme promoters plead guilty to wire fraud conspiracyOn July 22, two of the five individuals who allegedly stole $8.4 million from investors between 2017 and 2021 by promoting For
US Bitcoin ETFs ‘on track’ to top Satoshi’s BTC stack soon
Jesse Coghlan7 hours agoUS Bitcoin ETFs ‘on track’ to top Satoshi’s BTC stack soonUnited States Bitcoin ETFs have added around 37,510 BTC to their holdings each month on average and could soon surpass Satoshi Nakam