Phenom Unveils Its 3D Metaverse with a Built-in NFT Marketplace
Niko Pajkovic — December 22, 2021 — Tech
References: mvers & beincrypto
Tech startup Phenom has announced its plans to launch the Phenom Metaverse, a virtual reality platform that will include business, entertainment, and networking opportunities. In addition, the new virtual space will host a built-in NFT marketplace.
According to the company, the Phenom Metaverse has been designed to function as a "whole 3D universe" that will facilitate virtual communication by allowing its users to work, play, study, attend events, and earn rewards. However, the platform's headlining feature is its in-game NFT gallery, where users can go to buy, sell, and trade their NFTs.
The newly developed metaverse will require users to build virtual avatars. It will also implement a unique feature called Aura, an in-game ranking and a reputation system that will work to mediate user interaction.
Image Credit: Phenom
According to the company, the Phenom Metaverse has been designed to function as a "whole 3D universe" that will facilitate virtual communication by allowing its users to work, play, study, attend events, and earn rewards. However, the platform's headlining feature is its in-game NFT gallery, where users can go to buy, sell, and trade their NFTs.
The newly developed metaverse will require users to build virtual avatars. It will also implement a unique feature called Aura, an in-game ranking and a reputation system that will work to mediate user interaction.
Image Credit: Phenom
Trend Themes
1. Virtual Reality Metaverse - Developing a virtual reality platform that offers business, entertainment, and networking opportunities with NFT marketplace integration presents a disruptive opportunity to enhance remote collaboration and further democratize the economy.
2. In-game NFT Gallery - Integrating an NFT gallery within a 3D virtual reality platform presents a disruptive opportunity to create new business models for virtual asset ownership and monetization.
3. Aura Reputation System - Implementing a system that ranks and manages user reputation within a virtual reality platform presents a disruptive opportunity to create trust and social accountability within virtual communities.
Industry Implications
1. Virtual Reality - Virtual reality companies can leverage NFT technology to offer immersive and interactive experiences with asset ownership and monetization options.
2. Gaming - Gaming companies can expand their offerings and revenue streams by integrating NFT marketplace features into their in-game ecosystems.
3. Blockchain - Blockchain companies can provide infrastructure and solutions for secure NFT ownership, trading, and verification within virtual reality platforms.
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