Cointelegraph explored the metaverse of the creator economy Web 3.0 protocol at an online event last week.
A metaverse project that would provide a digital hub for creators gave the community the opportunity to walk the streets of their digital city and explore an early version of the vision it aims to achieve.
Last week, the content creator economy protocol Web3, DEIP, launched an event within its metaverse. With DEIP CEO and co-founder Alex Shkor acting as a virtual tour guide welcoming participants with a speech, Cointelegraph explored the city while listening to the guide.
Alex Shkor Explains
In an interview with Cointelegraph, Shkor explained that the space was created with the goal of empowering creators and connecting them with each other. Shkor said that they wanted, “to create the space where creators could meet, collaborate, and learn more about the latest technological advancements that enable the transition to the decentralized creator economy.”
The platform hopes to offer creators a platform to discover, evaluate, license, and exchange “intangible assets” such as works of art. It also aims to transfer data storage from centralized publishers to a decentralized platform, giving creators more control over their works. Aside from this, DEIP also aims to give creators better monetization opportunities.
According to Shkor, the space was created by the Arhead Metaverse ecosystem, the Balagan creative agency, and the Atrium architecture studio. The team has also partnered with Near Protocol and the Octopus network to help drive their ecosystem.
During the event, one of the most notable attractions was a blue balloon dog. Shkor mentioned that it is Jeff Koons’ Balloon Dog (Blue), which is a physical sculpture that was turned into digital art to be exhibited at the event.
Event Preliminary Assessment
While holding an event within a metaverse is an interesting step forward, the event also showed signs that metaverses are still in their early stages. Wandering around the digital venue, Cointelegraph ran into some minor hiccups like disconnections and audio outages.
Meanwhile, metaverse tokens are doing well despite the current bear market. According to a report by Kraken Intelligence, digital assets related to metaverses/digital worlds have outperformed other token categories by 400% year-on-year.
Kraken Exchange posted on Twitter that, “The #NFT boom of 2021 has not only drawn mainstream attention to digital art investments, it has also popularized the crypto metaverse. Kraken Intelligence’s report takes a closer look at how the crypto metaverse will change the way we communicate.”
Blockchain-based games using non-fungible tokens (NFTs) and metaverse platforms remain wildly popular throughout 2022 so far. Despite falling prices across the market, the number of users among those games has remained constant at around 1 million users per day, according to data from decentralized application (Dapp) tracker DappRadar.
Kraken’s report noted that while the number of daily users was flat in May, “NFT volume saw a big decline, with a daily drop of 87.1%.”
By Audy Castaneda
