Blockchain technology is becoming increasingly popular for financial and security applications and may soon be applied to virtual reality.
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An organization is working on the first Massively Multiplayer Online Open World with photorealistic graphics. Victoria VR is a shared virtual arena where users can do everything from play games to trade goods. It is one of a growing number of virtual reality worlds in development that are trying to use blockchain.
“Blockchain is important in our project because of its transparency, openness, and the impossibility to rewrite and cheat history,” said Tomáš Bém, co-founder of Victoria VR, in an email interview. “So users become the real and sole owners of all their assets (VR land, items, NFTs, VR tokens, skins, special objects, etc.) in Victoria VR.”
While Victoria VR is billed as a game, the platform will also be available for entrepreneurs, stores and advertising, Bém said. Blockchain is being used in an effort to ensure that no one can cheat when making purchases in the VR world. The only currency in Victoria VR will be VR tokens.
