Oracle introduced its blockchain in 2018 based on Hyperledger fabric from Linux Foundation. Since then, the company has been approaching its legacy customer base to enable digital transformation to the Web 3.0 business models.
To help brands quickly launch NFT marketplaces with immersive, personalized, and secure metaverses for their customers, Liveplex deployed its Web 3.0 platform on Oracle Cloud Infrastructure (OCI) by using Oracle Blockchain Platform and a high-performance computing cluster that uses flex virtual machines (VMs) and bare metal servers with NVIDIA GPUs. Using open standards, NFTs, and a hybrid, multi-region blockchain architecture, Liveplex's application programming interface (API) gives brands a virtual platform to engage and reward their customers, promote their content creators, and monetize their products, services, and other digital assets. Listen to this chat with Mark Rakhmilevich, Sr Director Blockchain Product, Oracle about how Oracle and Liveplex come together to transform business models for their collective customers. COMPLETE TRANSCRIPT More about the technology partnership at https://docs.oracle.com/en/solutions/liveplex-on-oci/index.html#GUID-26801456-6B8C-4E29-A1CF-6F8ED3213151
Without the influence of broad speculation, token value in the aforementioned models should grow linearly with respect to cash flow generated atop the network. Generally, the goal in token design is to implement mechanisms that create financially productive digital assets that align incentives of stakeholders. Such productive assets can then generate cash flows to their holders. Rather than treating all digital assets as money, some should be evaluated as businesses. Discounting future cash flows to their net present values is one example of a sufficient valuation approach. The more things change, the more they stay the same. We speak with Patrick Kelley at Tilth to get his take on this ! Here is our podcast back with another season
The new world requires a modern payment platform capable of transacting and working with many digital currencies. Liveplex APIs integrate into existing financial systems allowing users and creators to connect directly to financial systems. This allows users to have more personalized and detailed user experiences
Metaverse trends often occur in the context of metaverse development. One of the significant points of the metaverse is that it’s still experimental. Everyone contributing to the metaverse has something unique to add. Nobody knows what it’ll become in the end. And the emergent nature of the metaverse means new trends can occur in surprising ways. This is partly because the metaverse is a vast and boundless 3D environment with no proper barriers. The metaverse is also a social environment filled with people living out unique experiences together. This creates exponential growth in metaverse activities. Even the methods by which people get online can improve and change thanks to metaverse trends 2022 style. New virtual reality (VR) tech is coming out for various platforms. Computers and game consoles alike have immersive VR headsets. And smart glasses and apps for smartphones are creating new ways of layering the metaverse onto the world through augmented reality (AR). This has made the metaverse a real merging of the physical and digital worlds.
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.
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.
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@example.com
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
Why should defi be the future of Finance In today’s episode – we explain why there is a need for 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.
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?
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
Metaverse is a mix of 3-dimensional worlds accessed through a browser, a mobile app, or a headset. It would allow people to have real-time interactions and experiences across large distances. A vast ecosystem of online applications will be the outcome. The Metaverse comprises of the following distinct layers, with each layer influencing one aspect of the user experience:
Experience: Physical limitations are removed as physical space is dematerialized in the digital world. The Metaverse provides people with a wide range of experiences.
Creator economy: To produce digital assets or experiences, developers use various design tools and apps. Numerous platforms are developing more straightforward creative methods over time, for example, drag-and-drop tools. Metaverse brings customers closers to the brands taking the data brokers away from in between them
Spatial computing: It blends mixed reality (MR), virtual reality (VR), and augmented reality (AR) for enhanced experiences.
Decentralization: Scalable ecosystems support business owners in providing a more comprehensive range of specialized digital items enabled by blockchain technology.
Human interfacing: The hardware layer of the Metaverse includes human interfacing with 3D, realistic avatars.
Infrastructure: The technology that powers people’s gadgets, connects them to the network, and distributes content is part of the infrastructure layer.