Blockchain Republic (ROB-RepublicOfBlockchain)⑥
◆1.5 million USD Virtual Property
On February 8, 2021, at Exinfinity, a virtual real estate’Land’ made from the blockchain’s Non-Fungible Token (NFT) was traded at 888.25 ETH (ETH). In terms of dollars, it was worth over 1.5 million dollars, and it was sold at the highest price up to the point of the NFT transaction. Exinfinity is a blockchain-based game and marketplace platform. Unlike general virtual assets that have the same value per token, NFT refers to tokens with different values per token. It is mainly used to tokenize scarce products such as game items and art objects on the blockchain.
‘Flying Falcon’, a user who purchased the land, said, “(The purchased land) has the best location among Exinfinity lands and has a high profit rate.” Said. According to CryptoArt, the transaction volume of NFT-based artworks traded until February 9 exceeded 80 million dollars.
Consciousness Technology (CT) and Extended Reality (XR) When looking at the simplification of human history, there are many futurists who see it as the’Conscious Technology (CT) Era’ through the agricultural era, industrial era, and information era. If the main product of the agricultural era is food, the industrial era is machinery, the information era is information and services, and the consciousness technology era is’linkage’. Through consciousness techniques, humans become connected and experienced in extended reality (XR-eXtended Reality). Individuals can have an expanded self or an extended experience with the help of XR. When we experience reality, we do it with our five senses: sight, smell, hearing, taste, and touch. Of course, when we speak of’reality’, it is not only reality that is caught by the five senses. There is also a reality that is captured by imagination, reasoning, and inspiration.
There are VR (Virtual Reality), AR (Augmented Reality), and MR (Mixed Reality) in XR (Expanded Reality), but the current technology is heavily focused on vision. In the future, XR technology related to other senses will also develop rapidly.
VR is a technology that allows you to experience a virtual world in a state separated from reality, and because only the virtual space is visible, immersion is high. AR is a technology that connects to the real world and puts virtual information on it. Likewise, the boundary between other VR and AR technologies is whether there is a’continuity with reality’. MR is a technology that maximizes user experience by combining the advantages of VR’s immersion and AR’s realism. MR places virtual objects in real space or constructs a virtual space based on reality. Experts believe that VR and AR will be integrated into MR in the future. As technology advances, the convergence of reality and virtual will become much more free. These technologies will eventually lead humans into the world of extended experiences.
◆Metabus
The metaverse world is opening up!
Metaverse is a compound word of’Meta’ which means transcendence or abstraction and’Universe’ which means the universe. It is a transcendental world in which the real space is transferred digitally and abstract and reality are mixed. This is a world that is both transcendence and linked with reality. The XR (extended reality) discussed above is evolving and developing in the form of a metaverse. The current metaverse, which is in its early stages, replicates real-world activities in a similar way, such as communicating with each other, earning and spending money, playing games, and watching company business, where individuals embodied in the form of avatars in a three-dimensional virtual world online. can do.
Metaverse first appeared in 1992 by American science fiction writer Neil Stevenson in his novel’Snow Crash’, meaning a virtual world that can only be entered through an avatar, a virtual body. In September 2020, the signing event of the girl group’Black Pink’, which took place in a virtual space created by’ZEPETO’, a 3D avatar production studio, is an example of using Metaverse. 50 million fans around the world created avatars and received autographs from Black Pink Avatar at a virtual autograph event, and received a selfie taken with the Black Pink avatar and their own avatar as a souvenir. Major tech companies such as Nvidia, Microsoft (MS), Facebook, Roblox, and Unity are simultaneously defining Metaverse as a’land of opportunities’ to expand investment and launch various platforms, products, and necessary technologies. . In particular, Nvidia CEO Jensen Hwang said at the’GPU Technology Conference (GTC2020)’ held in October 2020, “The era of metaverse is coming,” and “Metaverse will become a virtual reality space that succeeds the Internet.” did. In this regard, NVIDIA has released’Omniverse’, a simulation collaboration platform that allows free collaboration in virtual space.
Due to the recent spread of Corona 19, games using metaverse have emerged, and NFT is actively used within metaverse. Blockchain games using NFT, The Sandbox, Decentraland, and the Second Earth Project, which builds a’second earth’ in cyberspace in the form of’mirrored world’, are also metaverse platforms.
In 2017, I proposed’Cyberation Korea’, which expands the appearance of Korea into the cyber world, because the geopolitical boundaries of Korea are too narrow compared to the overall capabilities of Koreans. Such a world could be built in’Second Earth’.
◆Expansion Economy by Metaverse-‘Metanomics’
Even in the metaverse, economic activities in the physical real world can occur more abundantly and freely. I think that a frame similar to the extended reality (XR) can be applied to this change in the economic paradigm. It is also because the economy is’reality’! Virtual Economy (VE) consists only of tokens and smart contracts on the blockchain without connection to the real economy, and Augmented Economy (AE) will be possible as a token economy that converts real economy items into stock tokens. The two forms seem to be becoming a reality as a mixed economy (ME) as blockchain technology advances and regulations are reorganized. These three token economies can be summed up as an eXtended Economy (XE). Since extended reality (XR) will appear in its true form in the metaverse, I would like to call the extended economy generalized in the metaverse as’Metanomics (Metaverse + Economics)’.
What is important to metanomics is that trust and robustness must exist as a protocol within the metaverse, and blockchain technologies, especially NFTs, smart contracts, and the blockchain web, show such possibilities.
