Virtual reality is an artificially generated, 3-dimensional rendering of the digital environment. The beauty of VR is that it may be any environment or simulation we want it to be, and we can be “in” it, engaging in a variety of ways, having multisensory experiences, and even doing things that defy logic.
Virtual reality will be much more than the current state of things, thanks to the creation and expansion of the metaverse. VR’s future is bright, but before we get there, it’s vital to understand how it came to be and why it’s become such a major concern in recent years.
A shared virtual environment, called the metaverse, that can be accessed via the Internet is made lifelike by virtual reality or augmented reality. Most people would rightfully associate the metaverse with the various gaming worlds they enjoy playing in, and they would be correct – but with blockchain powering it, it can be so much more than that. Decentraland is a virtual place where we can buy and sell real-money digital property and participate in it. In The Sandbox, however, we are able to build and own our virtual worlds and make money.
RFOX VALT – RFOX’s very own metaverse – is another excellent and clear example of a metaverse maximizing the possibilities of virtual reality. The ecosystem is an independent virtual environment that uses its own tokenomics. It’s also having public land sales, which are usually snatched up by big-name businesses who want to turn the property into their own shop where customers like us can check out, buy, and have their things delivered for real. RFOX VALT is planning to have an NFT exhibit where you can view the most current NFTs displayed in 3D models. It also has an events section where friends can go along to concerts.
RFOX plans livestreams and Metaverse for the E-commerce Market
RFOX was created to play a significant role in the future of e-commerce. It is built upon the advances of live streaming, the metaverse and is known for being a company that innovates through the use of cutting-edge technology. RFOX has been developing an e-commerce streaming app, which will be bolstered by the launch of RFOX Media’s future RFOX TV streaming platform. The e-commerce platform will be connected to RFOX VALT, which allows online sellers to reach larger audiences in the virtual universe. Cashback and affiliate programs, as well as a 5% platform fee and money from KOLs, will all contribute to the app’s financial health and future growth.
One tract of metaverse land in The Sandbox was sold last November 2021 for $4.3 million. A $450,000 purchase by another individual for metaverse prime land right next to Snoop Dogg cost $450,000. During the initial property sale in RFOX’s very own RFOX VALT, one of the Callinova businesses sold for 2 million RFOX tokens (worth $177,000 at the time of writing). It’s difficult to ignore the growing demand for metaverse land, especially when people are prepared to pay millions of dollars for a piece of virtual real estate.
The accessibility of virtual reality technology has increased dramatically over the past few years. The graphics are getting more realistic, the virtual reality headsets become smaller and cheaper for everyone, and new virtual reality accessories continue to be developed. There are endless possibilities. With alternate reality options such as virtual reality or augmented reality becoming more sophisticated and more integrated, it is possible that the boundary between reality and virtual reality will become less distinct.
RFOX Metaverse Key Elements
Cyberpunk 2077 is a game that explores the possibilities of virtual reality. It uses the idea of braindance to show the future. Putting dystopian visions aside (happily), VR technology is now used in a variety of businesses to improve people’s lives. The metaverse is also useful, but virtual reality can be especially helpful in cases where sensory experiences are not possible, feasible, dangerous, impossible, or impractical.
The metaverse land can be used in a number of ways, just like physical property. It is ideal for those who plan to open their own metaverse shop to showcase NFTs, as well as landlords and tenants. RFOX VALT can be divided up into sections. Each section has a unique theme. The quarter is made up of 25 shops, which are then sold to the public. If you won one of these shops in RFOX VAT, you have the option to make it yours or lease it.
There are many other metaverse companies that offer different options for owners to use their metaverse property. Nikeland was launched by sports giant Nike via metaverse platform Roblox. This world allows Nike fans to interact, create, compete and even share experiences.