The real world and the virtual world will be merging increasingly; this merger will introduce benefits and advantages that have never been available before. Virtual reality built on blockchain technology and using cryptocurrencies – this combination opens up a plethora of new, wonderful opportunities. Please read on to find out more.
Thanks to the massive technological developments in the field of computer science, most of us carry a powerful computer in our pocket all the time. Yes, our current smartphone is way more powerful and even cheaper than any home PC from the 1990s.
VR headsets are available at prices comparable to average office computers or smartphones. Cryptocurrencies are accessible to anybody who can connect to the internet, for example, through Wi-Fi. And many high-quality software crypto wallets are available for free. Nothing seems to stand in the way of massive adoption of virtual realities built on blockchain, and using cryptocurrencies.
What is Virtual Reality (VR)
Virtual reality (artificial reality, artificial environment, computerized simulation) uses advanced computer technology to create a lifelike simulated environment. With the help of virtual reality, users find themselves inside the simulated environment. Instead of just watching a scene on the screen in front of them, users can fully interact with the 3D world because this environment allows for full immersion.
Although the VR world is artificially generated, the user experience is lifelike. With many simulations, it is difficult for the brain to distinguish between physical and virtual reality. That’s why VR is fully immersive.
VICTORIA VR is the first to use only realistic 3D virtual reality to bring realism to the highest level and give you a completely immersive experience.
VICTORIA VR is the first Massively Multiplayer Online Open World Game with realistic graphics in virtual reality. VICTORIA VR is a blockchain based world built and owned by its users. The whole VR world is rendered in Unreal Engine, and it is built to be a universal platform for all virtual realities, games and decentralized applications, collectively creating a metaverse – a shared virtual realm where people are free to do absolutely anything.
Crypto in VICTORIA VR Virtual Reality
Cryptocurrencies or virtual currencies typically use blockchain as an immutable public ledger. They allow not only peer-to-peer payments but you can also use smart contracts to automatically execute otherwise complex and time-consuming processes, for example, you can pay salaries, dividends, commissions, fees, set up conditional payments once the goods are delivered, and more.
VICTORIA VR (VR) Token
Victoria VR tokens (VR) are based on Ethereum ERC20 standard. With a pre-defined, limited volume of tokens, VR is deflationary and serves as the main currency in the VICTORIA VR world.
What can you buy for your VR tokens in the VICTORIA VR world? You can purchase VR Lands (again limited in volume), VR resources, VR art items, VR keys, VR documents, VR clothing, VR subjects, VR tickets, VR courses (lessons), and more. You can also stake your VR tokens for a year (lock and hold your VR tokens) and receive a minimum of 18% p.a. On top of that, VR tokens can be used for trading as most other cryptocurrencies.
Get your VICTORIA VR (VR) tokens and benefit from a minimum of 18% p.a. from staking.
NFTs: Non-Fungible Tokens in VICTORIA VR
The virtual world of VICTORIA VR uses not only VR tokens but also NFTs – non-fungible tokens. Here’s what that means.
Fungible describes an asset that is not unique. Some examples:
- A gram of 24 karat gold can be exchanged for another gram of 24 karat gold.
- An ounce of 22k gold can be exchanged for another ounce of 22k gold.
- The United States one-dollar bill can be exchanged for another US one-dollar bill.
Non-Fungible Tokens ERC721, and ERC1155
Non-fungible describes an asset that is unique. NFTs (non-fungible tokens) contain identifying information recorded in their smart contracts. It’s this information that makes each NFT different and as such, they cannot be directly replaced by another token. They cannot be swapped like for like, as no two are alike.
VICTORIA VR uses several standards of NFTs, for example:
ERC721: Each NFT is one unique item in VICTORIA VR. This standard allows us to tokenize and protect ownership of any arbitrary data, for example, a unique work of art, a unique product, a unique piece of land, a unique item. Such NFTs can also be used to prove that you have received an original product (not a fake, counterfeit).
ERC1155: Standard used to create both fungible (currencies) and non-fungible assets (e.g. in-game items). The advantage is that transactions can be bundled together – which reduces the cost of transferring tokens.
Virtual Reality With Blockchain and Crypto
VICTORIA VR makes use of the most advanced technologies to give you the best user experience:
- Virtual reality: To give you a realistic, 3-Dimensional, fully immersive, lifelike experience.
- Blockchain: For immutable, transparent transactions on public ledger in the form of blocks.
- Virtual currencies (crypto): Firstly, VR token as the main currency in the world of VICTORIA VR. And NFTs (e.g. ERC721, and ERC1155) to tokenize and protect ownership of any arbitrary data.
Many Benefits of Virtual Reality
Virtual reality built on blockchain technology and using virtual currencies brings about a most promising proposition. Virtual reality offers so many benefits and advantages that sooner or later it might be as common as a smartphone in your pocket today.