Metaverse: The new business model on the internet

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Years ago the ecommerce revolution took us all by surprise as it started gaining market share compared to physical retail stores. It started with simple things and ended up as we know it today were you can purchase any kind of items or service using the internet.

We are also watching closely how the revolution of home office is taking place, where employees no longer need to move every day from their houses to do their jobs while getting the same results from their home.

But what is missing on all of this revolution, or what is being lost in the process? The social aspect, the feeling of a face to face meeting, the sensation of having a person right in front of you on an environment which helps to communicate and express on an easier way.

The metaverse is here to change that.

Lets start by explaining what the metaverse is a virtual reality space in which users interact with each other on a computer generated environment. With the technology today, this environment can be customized to fullfill the needs of any company, it can be a theather, a nightclub, a company support center, a conference meeting room, or a retail store selling real life items.

In this environment, people can see each other, speak to each other using their voice, see the other person hand movements and so many things more. Technology on this area is moving very fast, so fast that it looks like a scene out of ready player one, there are even products on the market already which allows the users to wear a vest which allows them to feel if another person is touching them, or even artefacts which are made so that the user can run but stay at the same position.

Facebook founder Mark Zuckerberg recently announced that the tech giant will be evolving from a social media company to a "metaverse company," operating on an "embedded Internet”, blending the real and virtual world more than ever. Given that nearly three billion people use Facebook each month, Zuckerberg's words deserve to be taken into account.

Covid-19 or not, technology has come to transform our lives in ways we would not have imagined two years ago. The blockchain platform Decentral Games has surprised the world with this new system of transactions in ethereum within the metaverse. 

Having recently announced alliances with Atari, Theta, Binance Smart Chain, Coingecko, Tron and Polygon, Decentral Games is pleased to announce its latest partnership with Amnesia Ibiza from Spain, one of the most famous nightclubs in the world. Collectively, they launched the first festival in the Descentraland metaverse.

The most famous international DJs performed live at the event at a 12-hour broadcast festival. The event included big names like Yves V, Paul Van Dyk, Benny Benassi, Luciano, Anfisa Letyago, Bushwacka, Luca Donzelli, Caal, Sam Blacky and Romina Malaspina, among many others.

According to Gabriel Mellace, Investor Relations at Decentral Games, “We are very happy so far with the results. Users have provided an incredible feedback, for the music and for the Arvum eSports shows”.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Publication date: 
10/18/2021 - 13:15

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