INSUBCONTINENT EXCLUSIVE:
If VR on the blockchain is all a bit too disruptive for you to handle, close the tab and carry on, you Luddite.High Fidelity, a social VR
investment firm Galaxy Digital Ventures
Also participating in the round were Breyer Capital, IDG Capital Partners, Vulcan Capital and Blockchain Capital.The startup is building the
believes will allow the company to scale quickly once VR hardware catches up with expectations.Lately, the company has put plenty of
resources toward building out the blockchain side of its technology to drive in-game transactions and other aspects of the service
The usage is one of the company key differentiators, even as it devotes resources to tech advances surrounding latency, 3D audio and
me.Second Life was well-known for its bustling in-game economy built on its Linden currency that still manages to drive a staggering $700
Their Digital Asset Registry does this all in a decentralized capacity
The startup has also founded the Virtual Reality Blockchain Alliance (VRBA), a supergroup of early adopter companies that is basically
worthwhile testbed for the often cagey theoretical real-world use cases for blockchain technology, with platform creators having the
Life creator Linden Lab, which is also an investor in High Fidelity, has already introduced its own VR play called Sansar
The similarly beta effort loosely integrates various user-created environments into a sort of world wide web of game engine worlds that
and remains in beta, $70 million is a pretty hefty amount of total funding, especially when they have the looming specter of Facebook
investing billions into eating their aspired lunch.Rosedale acknowledges the challenges, but seems to think that privacy concerns with
told TechCrunch in an interview
He foresees VR reaching an audience of 1 billion over the coming decade and the market for in-game goods in those worlds hitting $1
trillion, with High Fidelity leading the way.
