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What is the metaverse and its application in the field of art?

Buy and sell works of art

First, let’s talk a little bit about the metaverse…

The word metaverse has been one of the most common keywords in digital currencies in the last decade, and international and even Iranian investors in this field have been able to make a lot of profit from projects related to this field. Given the interest of large IT companies in this sector, its growth is likely to continue in the coming years and decades. The metaverse is currently based more on the concept of the term NFT, digital life, and blockchain games, and for this reason, finding and investing heavily in the best metaverse spaces and games can bring good profits to users in this field.

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In this article, our goal is to examine the variables affecting the evaluation of metaverse projects and introduce the best metaverses for recent years.

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And now let us give you a little explanation about the so-called Metaverse:

Metaverse is composed of two words Meta meaning beyond and Universe meaning world, which together mean beyond the world. Metaverse is a virtual world in which users can perform many real-world activities in a quasi-realistic way but without the need for physical presence; for example, a company can hold its business meetings in the metaverse with the quasi-realistic presence of its members. In this case, employees enter the meeting venue using their VR headsets and glasses and appear in the desired location as 3D avatars (virtual characters). Presenters can also do their work in the best possible way using the tools at their disposal in a fully modeled manner.

The metaverse is the result of various technologies such as virtual reality, augmented reality, artificial intelligence and blockchain, and innovations such as NFT in various crypto areas have led to its expansion. The main feature of the metaverse space is that users own virtual assets in it and organizations and governments cannot take or seize this ownership from users. Currently, the metaverse is mostly in the form of virtual life projects and blockchain games, but in the future, the metaverse is going to involve a large part of our world.

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In this section, we will introduce you to the top 10 metaverse platforms that we predict will become the best in the coming decade:

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1- Decentraland

Decentraland is a decentralized 3D virtual reality platform based on blockchain technology. Decentraland has become one of the biggest pioneers of metaverse platforms due to its features and capabilities. In this platform, which is primarily game-based, it is possible to buy and sell, trade and create any related artwork and avatar property. In addition to buying and selling avatars, users on this popular platform can also trade their land, their buildings and virtual assets, which is achieved by the Decentraland Marketplace.

Owners of virtual land can only trade their assets through non-fungible tokens (NFTs) called Land. There are a total of 90,000 Land tokens on the Decentraland platform. Land, which means land in this game, refers to the tokens that represent ownership of virtual land.

In addition to the possibility of trading land, this virtual asset can be used for business purposes. Land owners can carry out any activity on their virtual land. In addition to simply trading virtual land, they can build various structures and sell them. This environment can also be used only for playing games and creating avatars (virtual characters). Advertising sites, social networks, and holding online art exhibitions are examples of the wide range of activities possible on the Decentraland platform.

The Decentraland platform has so far hosted major events such as the Buffalo Metaverse Tour, the Australian Metaverse Open, Drop, the American Art Fair, the California Auction, and many others.

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2- Illuvium

Illuvium is another popular metaverse platform, and is more of a fantasy game than a specialized virtual activity space. Developed on the blockchain alongside the Immutable X L2 network (a proprietary virtual currency transfer network), Illuvium is a fantasy fighting game that asks its players to explore vast and diverse landscapes to hunt and collect magical creatures, known as Illuvial. Each Illuvium is represented by a non-fungible token (NFT) and can be bought and sold. They can be traded on external exchanges as well as on the decentralized, fee-free platform IlluviDEX. On this platform, it is possible to earn money by buying and selling in-game items, crafting components, and a process called Shard Curing (for trapping Illuvials).

Some of the prominent companies that have shown interest in Illuvium include: Immutable X, Influx, Bitcoin.com, Blockchain Game Alliance, and Lotus Capital, among others.

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3- Sandbox

Sandbox is another metaverse gaming platform. In this platform, users can earn money by playing or creating games; in other words, the Sandbox platform is designed for two groups, the first group of gamers and the second group of game developers. Gamers (players) play various games designed by other users and earn money by receiving rewards. The Sandbox platform is considered a working environment for the second group, which is attributed to game developers, who become game owners and earn money by designing various games using software provided by the platform itself.

VoxEdit, Sandbox Marketplace, and Sandbox Game Maker are three pieces of software that the Sandbox platform provides to game developers. The token used in transactions on this platform is in the utility token category.

A token is an ERC-20 token that can be earned through staking or depositing. (The same standard Ethereum token network that is used to produce and buy and sell artwork as NFTs.)

Users and gamers on this platform, like Play To Earn games, are only the original owners of the game, but given that the goal of sandbox design is to change the structure of traditional computer game platforms, developers own everything and control user content, providing nothing but the game experience to users.

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4- Axie Infinity

Axie Infinity is the most popular metaverse gaming platform and holds the record for the highest NFT trading volume and the highest number of daily users among other platforms.

This platform is based on blockchain technology and CryptoKitties, inspired by the Pokemon game.

In this exciting game, users buy colorful cartoon characters that look like monsters called Axies through NFT. With these characters, users not only build their own game world, but also fight with other characters that represent other users. Here, by receiving tradable cryptocurrencies that are received as points, unlimited income can be achieved. One of the main goals of Axie Infinity users is to earn digital currency through the game. In addition to cartoon characters, game symbols and elements such as land and war tools and other virtual items in this game can be traded as ERC-721 tokens (NFT token standard).

Users of the Oxy Infinity game can earn SLP tokens and exchange these tokens for fiat money or cryptocurrency on exchanges.

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5- Cryptovoxels

Crypto Voxel is a popular metaverse platform that allows for virtual land trading.

This platform, which is designed based on blockchain and is a platform for buying and selling real estate, structures, and anything (like an NFT art token) virtually, represents the evolution of the metaverse. Users on this platform own plots of land through which they can earn income. In this platform, users can use these assets in accordance with user goals, such as art galleries, exhibition streets, shopping and sales ports, etc., in addition to selling their metaverse properties.

Two important features of the Cryptovoxels platform are the use of augmented reality (VR) and the Ethereum cryptocurrency (ETH). The use of augmented reality technology makes the virtual market world formed on this platform seem real. Apart from usernames and created characters, which are known as ERC-721 tokens (the standard NFT network), all transactions on this platform are carried out with the Ethereum cryptocurrency.

Cryptovoxels is not just a virtual land trading platform, but also a marketplace for buying and selling digital art collectibles such as NFTs. The metaverse platform supports various types of art NFTs, including related tools, animated art, art design, or static art.

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6- Bloktopia

The Blocktopia platform is another gaming platform aimed at commercializing the metaverse. The platform features blocks of virtual real estate that are available to Block Token holders. In this game, a skyscraper is designed using augmented and virtual reality technology, with 21 floors, the number of floors representing the 21 million Bitcoins currently in existence (2022).

The Blocktopia platform is based on blockchain, and the four basic principles of this platform, which are learning, playing, creating games, and generating revenue, have created a platform for users of this platform to earn money in unlimited fields, especially artistic ones.

Blocktopia users can earn money by buying and selling virtual properties or renting them to other users. Advertising and earning profits through staking or depositing BLOK tokens are other ways to earn money on this platform.

REBLOK (a type of NFT) is the real estate ownership token on this platform. Assets are not limited to one owner and a property may have multiple owners; in addition, the ADBLOK token is also used in the advertising finance process.

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7- Metahero

MetaHero is a unique metaverse platform designed by WDW (a 3D scanning company).

The MetaHero platform is also based on blockchain and supports 3D scanning and modeling technology. By combining these three technologies, this platform has brought the virtual space closer and more similar to the real life space.

MetaHero’s technological advantages allow users to create 3D avatars and use virtual tools and items in various games, social media, online fashion, the music industry, and especially the 3D art design industry and VR experiences such as exhibitions of these works for buying and selling.

The platform is also designed on a blockchain that has a non-inflationary token called hero, this native token is used in all Metahero platform transactions such as purchasing avatar NFTs. Users generate revenue through Metahero NFTs that are registered on the blockchain.

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8- Star Atlas

Star Atlas is one of the most popular metaverse platforms that has attracted attention due to the type of game design and the narrative it has of the future. This platform is designed based on blockchain and helps a lot in buying, selling and creating artistic NFTs. The tokens used in this game are based on the Solana blockchain, the advantages of this network include proper processing, high speed, low transaction costs and providing the technical infrastructure of this game in a specialized way for novice activists.

Star Atlas is designed with a space theme in the style of an MMO (Multiplayer Online Game).

This game, which narrates life in the distant future, gives users the opportunity to live off-planet, engage in space operations and exploration, and compete with other teams in this galaxy of adventure.

Of course, the final version of this game has not yet been released, but the mini-games that are occasionally released on this platform are a scaled-down version of Star Atlas, which gradually introduces users to the main Star Atlas game and generates revenue through mini-games.

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9- Roblox

Roblox is another name that is on the list of top metaverse platforms. Roblox is an online gaming platform. Roblox users can use the Roblox Studio game engine (a subsidiary of Roblox) to design their own video games in various forms and with their own stories in this 3D world and share them with other users. This platform is a good platform for implementing ideas to design and create various games, even those related to the stories of works of art or art collections; it also provides ideal conditions for game enthusiasts to play for hours and chat with friends on specialized and general topics. Roblox platform users earn money by designing games and creating various items in the game, and sometimes designing artwork related to the theme or story of the games and selling them in their storefront.

This blockchain-based platform has a native token called Robox, which is used in all Roblox transactions. It goes without saying that the profits and revenue from the trades made in this game are shared between Roblox and you.

The Roblox platform has become one of the most well-known and popular platforms in the metaverse, offering more than 20 million games and creating a different and attractive platform for game creation.

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10- Somnium Space

Sominium Space is also among the top metaverses. This platform is cross-device (networked) and users can access Sominium Space via PC, web, mobile, and VR headsets. This platform allows users to purchase virtual land and structures, and they can build a bridge between the digital and real worlds using four functional elements.

A module for building your own digital environment and structure, a virtual reality experience, an SDK for creating avatars, and an NFT marketplace for trading your artwork in-game are the four main and functional platforms of the metaverse in Sominium. In this blockchain gaming platform, any piece of land or types of assets that users own in the game can be traded as NFT tokens. (Like a tokenized art collection). Of course, to use the Sominium platform, users must have access to a Meta Mask wallet or decentralized extension. (The same wallet that is the main activity in the field of NFT art)

Avatars, clothes, cars, artwork, art collections, and generally any type of structure can be enhanced on this platform with the help of artificial intelligence and in-game methods to earn more profit.

Another cryptocurrency used in the game is the Somnium Space Cubes token. This token (CUBE) is an ERC-20 cryptocurrency on the Ethereum platform. Using this currency facilitates transactions within the platform.

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And finally, as a reliable and expert consultant in this field, we suggest that you, as someone interested in artwork, a creator of artwork, or even active in this industry, consult with specialized and committed experts at Honare Iranian Holding before taking any major action. You can even entrust the execution of these types of actions to the experts at Honare Iranian Holding in the NFT section of the holding site with the highest international standards by simply completing the specialized form for requesting metaverse services.
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