METAPHOR BY LIVEPLEX

Though a metaverse model can be developed without the blockchain technology, it is not a complete world. 

The word Metaverse often makes us imagine wearing a virtual reality (VR) headset and going through an immersive experience in a virtual world.
This is not all wrong, but it is an incomplete definition of a Metaverse. The Metaverse is expected to be a futuristic version of the internet. 
Why do we need a new internet?

Our current internet is inadequate. Incentives are skewed toward a limited set of stakeholders, creators get exploited and users have very little control over their data. 

The internet handles several million data transactions per second. The blockchain infrastructure is in its technological infancy compared to the current iteration of the internet. Yet, blockchain is not just an infrastructure layer; it is an economic layer too. These economic features of the blockchain can potentially address the challenges of the internet.

WATCH OUR SERIES METAPHOR WITH ALEX AND MICHAEL

Liveplex is a technology company that helps brands move from web2.0 to web 3.0 using its proprietary API stack.
Talk to us at [email protected]

Web 3.0, or Web3, has only recently been defined. Primarily, Web3 aims to be fully decentralized, putting content creation in the hands of creators and not platform owners.

While no one owns the internet, a few major companies exert considerable influence, and some critics say they have too much power. Web3 
democratizes the internet and puts control back in the hands of users.

The metaverse is a device- and vendor-independent collective virtual space created by the convergence of virtually enhanced physical and digital reality. It has its own independent virtual economy, enabled by digital currencies and nonfungible tokens (NFTs).
Education, medical, retail and virtual events can deliver a more immersive experience. They don't have to create their own infrastructure, but the metaverse will provide the framework. Virtual events can present more integrated offerings, while retail can offer a more immersive shopping experience.
In this regard, the metaverse is not unlike the spatial web of Web3. It's a virtual immersive experience focused on 3D graphics and the real-world image, rather than 2D graphics and text like the current web experience. Instead of clicking through a site's links, users walk through it virtually.

Liveplex is a technology company that helps brands move from web2.0 to web 3.0 using its proprietary API stack.
Talk to us at [email protected]

The current increase in attention to the Metaverse is partly driven by the very recent ability to fully ‘own’ virtual objects, experiences, or land. Blockchain, the ‘crypto finance hub,’ makes it possible to precisely define a virtual thing so it can be bought and sold.
Why is Metaverse so important ? If you’re trying to reach an audience of 15-30-year-olds they’re probably not on the internet or on social media any more, they’re probably in the Metaverse.
Nikeland a place to hang out, play, and dress your avatar in virtual Nike products, opened in Roblox last year. By early this year, nearly seven million people had visited Nikeland. In 2020, 12.3 million people attended a single virtual concert by rapper Travis Scott, hosted in Fortnite. When you watch the video of that concert (available online), you realize after a short while that the dancing figures … were all real people, connecting from locations around the world.
There are things you can do in virtual reality and augmented reality that you just can’t do in real life across distance. You can mimic being together in ways that aren’t possible over Zoom. You can point to something to explain, use hand gestures (in some platforms), draw on a piece of paper, go places together. Think about the incredible possibilities, such as a collaboration between surgeons, or creating a clay model for a new-car design. These and all sorts of other collaborative activities are all easy in the right metaverse world, which eliminates the impediment of distance.
Want to know more ? Talk to us at [email protected]

Liveplex is a technology company that helps brands move from web2.0 to web 3.0 using its proprietary API stack.
Talk to us at [email protected]

The growing adoption of blockchain technology is presenting new ways of earning money, from playing your favorite online game and exercising regularly to learning new content or simply watching YouTube videos.

A few X-to-Earn strategies are taking off:
• Play-to-Earn (P2E): Rewards paid based on performance in blockchain-based games
• Learn-to-Earn (L2E): Students can be compensated for sitting through lessons, competing assignments and quizzes
• Move-to-earn (M2E): Meant to incentivize physical activity and fitness, users are rewarded for being on the move
• Watch-to-earn (W2E): Users earn rewards for watching videos and other forms of digital content
• Create-to-earn (C2E): Allows users to create and monetize content with NFTs

Alex and Michael tell you more about how Liveplex incorporates these in our products.

Liveplex is a technology company that helps brands move from web2.0 to web 3.0 using its proprietary API stack.
Talk to us at [email protected]

In today’s episode – we explain why there is a need for a decentralized finance system in the first place
DeFi or decentralized finance, seeks to build and combine open-source financial building blocks into sophisticated products with minimized friction and maximized value to users using blockchain technology. Given it costs no more to provide services to a customer with $100 or $100 million in assets, we believe that DeFi will replace all meaningful centralized financial infrastructure in the future. This is a technology of inclusion whereby anyone can pay the flat fee to use and benefit from the innovations of DeFi. DeFi is fundamentally a competitive marketplace of decentralized financial applications that function as various financial “primitives” such as exchange, save, lend, and tokenize. These applications benefit from the network effects of combining and recombining DeFi products and attracting increasingly more market share from the traditional financial ecosystem.

WATCH MICHAEL AND ALEX TALK MORE ABOUT THIS IN OUR PODCAST #METAPHOR

#liveplex #metaphor #podcast

Liveplex is a technology company that helps brands move from web2.0 to web 3.0 using its proprietary API stack.
Talk to us at [email protected]

In the past year, we’ve heard a lot of buzz around non-fungible tokens (NFTs) and the metaverse. However, many people don’t realize that the metaverse serves as a promising use case for NFTs, and very soon, NFTs and the metaverse could be intrinsically connected.
But doesn’t an NFT just refer to a token for digital art? How will NFTs help us access the metaverse? 

Listen on to learn why NFTs are the key to the metaverse with Michael and Alex from Liveplex 

Liveplex is a technology company that helps brands move from web2.0 to web 3.0 using its proprietary API stack.
Talk to us at [email protected]

Alex and Michael show us how you can build a Metaverse with Liveplex Tech stack.

The basic notion of the metaverse revolves around creating an open, shared, and persistent 3D virtual world with decentralized digital spaces for different solutions. The technologies in the metaverse include virtual reality, seamless and persistent 3D worlds, and extended reality, which brings the best of virtual and real worlds together. In addition, the metaverse also offers the assurance of interoperability, which implies the ease of transferring virtual items from one platform to another.  

The core values of metaverse development can help you learn more about metaverse and digital avatars. If you want to create a metaverse virtual world, then you must focus on the following core values of the metaverse. 

Technological advancements are gradually incorporating VR capabilities in console and PC devices as well as individual headsets. Innovation in VR technology, such as in the examples of Oculus, can help in the enhanced translation of physical movements to the realm of VR. As a result, the metaverse would move beyond the limits of PC-dependent headsets, which rely on external tracking. 
The metaverse is often touted as the next-gen representation of the internet. Therefore, the answers to “Can I create my own world in the metaverse?” would obviously draw the limelight towards open standards. The basic premise of open standards in the metaverse suggests that a single entity cannot take control of the metaverse. 

The metaverse must offer not only a creator economy but also a decentralized one at that. You can find how to build a virtual world in the metaverse only by reflecting on the need for a decentralized economy. Participants in the metaverse must have the freedom to trade their assets while exercising complete ownership and control over assets. Blockchain and cryptography can serve as vital technologies for supporting the creation of a decentralized economy.

Liveplex shows you how 

Liveplex is a technology company that helps brands move from web2.0 to web 3.0 using its proprietary API stack.
Talk to us at [email protected]

On the assumption that the “Metaverse” will likely influence our lives in many ways, some of them currently unfathomable, in the years ahead—and that many of you also are mystified by this and other developments in the tech world; Liveplex Metaverse Teams explains the Metaverse.

The current increase in attention to the Metaverse is partly driven by the very recent ability to fully ‘own’ virtual objects, experiences, or land. Blockchain, the ‘crypto finance hub,’ makes it possible to precisely define a virtual thing so it can be bought and sold. There are entire metaverse worlds based on this new economy. 

Michael and Alex from Liveplex Metaverse Team explain

Liveplex is a technology company that helps brands move from web2.0 to web 3.0 using its proprietary API stack.
Talk to us at [email protected]