According to Fred Ehrsam, co-founder of the cryptocurrency exchanges Coinbase and GDAX, Virtual Reality (VR) is going to be one of the first “Killer Apps” for Blockchain.
The 5 projects that are combining Blockchain tech as well as VR, include:
Decentraland: Decentraland’s blockchain-based world redefines the concept of blockchain data as a form of ownership. As the “first virtual platform owned by its users”, Decentraland wants its users to grab a VR headset and use a web browser to immerse themselves in a 3D interactive world. Decentraland foresees a virtual world in which new content can be spatially explored and discovered.
Indiesquare: Indiesquare created Bitcoin VR, a game on the Steam VR gaming marketplace. Bitcoin VR enables players to walk around the Bitcoin blockchain and see transactions processed through their headsets. The Bitcoin transactions fall from the sky in the form of gems, and one can either grab them to see transaction details or shoot them with a bow and arrow.
Voxelus: It is a single multiplayer VR game taking place in a 3D environment. Gamers can hold 3D assets on the Voxelus marketplace called Voxels. These digital assets can be converted into cryptocurrencies like Bitcoin and Ether on the Uphold platform. The digital token unit, earned by uploading content and selling it on the marketplace, can even be used to buy equity stake in a company.
AR Token: This decentralized AR/VR ecosystem for the exchange of 3D content was launched by a well-known player in the space, Cappasity. This company is known for 3D digitizing audits, as well as applications for augmented and virtual reality. Cappasity is building a platform to enable AR/VR/3D content generation, whereby Each content file is assigned an ID or a hash stored on the blockchain to prevent copyright infringement. Once a content transaction has been completed, its details will be processed to a smart contract protocol.
Nanome (Matryx): Nanome’s main business is the design of VR interfaces for its pharmaceutical clients, and it is bringing its suite of VR products to the blockchain with its decentralized collaboration platform, Matryx. MTX tokens will incentivize collaboration on the platform. The company’s early focus is on the fields of science, technology, engineering and mathematics (STEM).
A pharmaceutical company, university or government will be able to post a bounty on the Matryx platform. Users can then find or be assigned the bounty in VR, and design and submit solutions. The winning designer will be compensated at the end of each competition-style round. The pharmaceutical company and solution designer will share in the revenue.