The question of metaverse interoperability

Sat 23 Oct 2021 ▪ 18h00 ▪ 10 min read - by Alexis Patin

Do you ever dream of showing off your NFTs in a vast metaverse with millions of people constantly exploring myriads of unique creative worlds? If your answer is somewhere in the vicinity of “Yes!”, then we have something interesting to show you:

Enter The OVR Metaverse

Before we begin, let’s recap some of the basic and most crucial concepts for a more in-depth understanding of what a project like OVR can bring.

A quick recap of the NFT phenomenon

If you’re reading this, then chances are you’ve heard of the recent wave of NFT adoption that enabled just about any artist in the world to sell an image or a gif that’ll bring them more money than a years’ worth of doing a day job. Sounds good, but how does it really work, you may wonder? On the technical side of things, NFTs are made possible by the ERC-721 standard that generates an electronic signature proving that the person in possession of the token is the one sole proprietor of the NFT and that they are the only such person in existence. If you think that it’s just an image you can copy, and that once you do that, it stops being unique, then that actually couldn’t be further from the truth. There is very well-thought-out and solid proof of digital rights involved, and it can be put to many more uses than just trading NFTs. 

The Metaverse

This is where the metaverse comes in. But what’s a metaverse anyway? Simply put, it’s a digital world. A world that has its own rules, and those rules always strictly adhere to the principles of the blockchain. No one can cheat on the blockchain, and therefore, each part of this world is unique. Many metaverses are competing for the user by offering the most inimitable content possible.

A rich and compelling metaverse is commonly defined by three key factors: emulation, migration, and re-presentation.

Emulation stands for mimicking an experience and presenting content in its original context while still introducing changes along the way.

Migration means introducing resources and data into different contexts and environments, sometimes with significant changes to conditions or experiences, resulting in a deviation from the source.

And finally, re-presentation is the experience of data and resources that constantly evolve and move around in the metaverse, travelling across newer media, formats, and platforms.

The challenge of metaverse interoperability

However, many experts believe that there won’t be one dominant metaverse. Instead, cross-metaverse bridges will gradually be created to allow users to keep their avatars and possessions and to easily migrate them between metaverses. The idea is rapidly becoming more and more popular and has been eagerly supported by the Open Metaverse Interoperability group.

However, many challenges await on the way to perfecting metaverse interoperability, the first and most logical being the question of accessibility: is the metaverse accessible to anyone via any browser, or is it tied to just one app? And how about other platforms, like gaming consoles, for example? Can you access it via those? 

Access point compatibility is but one example of the barriers that we’re currently facing. Below are some other issues that often come up when it comes to metaverse interoperability:

Creative flexibility: Can users bring their 3D creations into modelling software (like Blender or Maya), or are they restricted to using only objects and tools from the given virtual world?

Avatar integration: Can users import their own custom avatars into a platform such as Ready Player Me?

The spatial dimension: Is the virtual world accessible both on a screen and in virtual/augmented reality?

The OVR Metaverse 

Here is where OVR can be a nice surprise for anyone pondering over those challenges: the OVR metaverse sports a cutting-edge concept of not just creating your own world, as you would in a sandbox or a decentraland, but recreating our entire earth. 

On the metaverse, the earth is split into 1.6 trillion hexagonal lots, all unique and perfectly matching their real-world counterparts. You can buy a custom-sized piece of your street, your garden, or even the Louvres!

Now that we have established what an NFT and a metaverse are, you may be wondering: what’s the connection? Some metaverses don’t allow linking and restrict their users to internal purchases, but the concept of linking is becoming more popular by the day and now you can buy a piece of OVR land and use it to show your NFTs.

And that is just the beginning! On an OVR land, it is possible to create almost anything – buildings, art galleries, billboards; you can throw a party and arrange a festival or a unique experience for your visitors – the sky’s the limit (and, of course, your wallet)!

How to join the OVR ecosystem 

If you want to embark on the OVR adventure, you must first acquire the OVR coin. You can buy OVR tokens on the internal IBCO service. The starting price of the yield curve is $0.07 per OVR. The larger the number of tokens produced, the higher the price. The IBCO is both a primary and a secondary market, where you can buy and sell on the curve: by buying, you create tokens, buy and sell them, and burn them. The IBCO will never cease, and it acts as the primary guarantee of liquidity for OVR token holders who are willing to sell. The purchasing power of OVRs to buy OVRLands has a floor value of $10, regardless of the market price. If you don’t want to bother with KYC, you can also buy OVR tokens on Uniswap, MXC, Bitmart, Bilaxy, or Loopring. 

The possibilities of OVR 

OVR isn’t merely a tool to show off your CryptoPunks on a virtual piece of land – it also has the OVR builder, an extremely powerful and intuitive 2D/3D creation tool integrated into the metaverse. It is also possible to use OVR on your smartphone. All you need is to download the app and start following the various location/event indicators. You could go on a treasure hunt, play online with friends or strangers, participate in an e-concert, or visit an NFT gallery. It is also possible to create a customizable avatar: more and more world-famous fashion brands like Dolce & Gabbana and Asics are eagerly joining in on the trend of creating NFT clothing that you can link to your avatar.

The advantages for businesses

Like many other metaverses, OVR isn’t meant for entertainment alone. It can also be used as a powerful business tool that can have no less impact on customers and companies than the Internet itself. Soon enough, you won’t be able to properly trade and advertise your NFTs without having a verified shop on a metaverse. And that’s exactly the kind of advantage OVR aims to offer. 

In the OVR ecosystem, you can invest in lots so as to resell them later or just rent them out. Also, you can stake your OVR tokens. If you’re a creator, you can easily sell your 2D/3D creations or AR experiences. On October 8, the ovr.ai site recorded more than 340,000 plot sales with over 500 open sales. These numbers alone speak volumes of the potential of this new e-retail business.

The OVR team

OVR sports a team of blockchain experts mostly of Italian descent, but many talents from all over the world have joined the OVR adventure to contribute to the new ecosystem.

The CEO is Davide Cuttini, a seasoned entrepreneur in the field of augmented reality with lots of experience in robotics, blockchain, and machine learning.

Diego Di Tommaso is the co-founder and COO. Diego is a senior adviser at PwC with a dual career in consulting and tech. He is a versatile specialist aiming to bring a more business dimension to the project.

In addition, many talented engineers specializing in 3D, game development, visuals, and other fields, are working full-time to further the development of OVR.

Conclusion

OVR is here to bring about a massive change in the blockchain ecosystem, especially that of NFT and metaverses. The many applications of OVR, whether they are for mere entertainment or digital business, make it clear that the e-world is occupying a more and more important place in our lives and its possibilities are almost endless. Once linked with artificial intelligence and regularly visited by millions of people (which at this point is inevitable), this virtual world can no longer be ignored and will enter our lives for good, as once did social networks and other 21st century inventions. If you’re still wondering if those arguments hold any water, go ahead and do your own research, and see for yourself that it’s all true and that the change is already here, and when you’re done hesitating, jump onto the metaverse bandwagon ASAP! The OVR metaverse awaits!

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Alexis Patin

Blockchain, stacking et altcoins!

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.