Project aims to build a creator-focused economy through blockchain

A metaverse challenge that would offer a digital hub for creators gave the group a possibility to journey inside its metaverse metropolis and discover an early model of the imaginative and prescient that it goals to attain.

Final week, Web3 creator financial system protocol DEIP launched an occasion inside its metaverse. With DEIP CEO and co-founder Alex Shkor performing as a digital tour information welcoming individuals with a speech, Cointelegraph explored town whereas listening to the information.

Exploring the DEIP metaverse metropolis.

In an interview with Cointelegraph, Shkor defined that the house was created with the aim of empowering creators and connecting them with one another. Shkor mentioned:

“We have been eager to create the house the place creators may meet one another, collaborate and be taught extra concerning the newest technological developments enabling the transition in direction of the decentralized creator financial system.”

The platform hopes to present creators a platform to find, consider, license and trade “intangible property” similar to artworks. It additionally goals to switch information storage from centralized publishers right into a decentralized platform, giving creators extra management on the subject of their work. Other than this, DEIP additionally seeks to present creators higher monetization alternatives.

In line with the Shkor, the house was created by the Arhead Metaverse ecosystem, Balagan artistic company and Atrium architectural studio. The workforce additionally partnered with Close to Protocol and the Octopus community to assist additional its ecosystem.

Throughout the occasion, probably the most noticeable points of interest was a blue balloon canine. Shkor talked about that that is Jeff Koons’ Balloon Canine (Blue), which is a bodily sculpture that was transformed into digital artwork to be showcased on the occasion.

Jeff Koon’s Balloon Canine (Blue) showcased on the DEIP metaverse. 

Whereas working an occasion inside a metaverse is an attention-grabbing step ahead, the occasion additionally confirmed indicators that metaverses are nonetheless of their early phases. Shifting by the digital location, Cointelegraph met some minor difficulties similar to getting disconnected and audio being reduce off.

Associated: Delight within the Metaverse: Blockchain tech creates new alternatives for LGBTQ+ individuals

In the meantime, metaverse tokens are performing effectively regardless of the bear market. In line with a report by Kraken Intelligence, metaverse-related digital property have outperformed different token classes by round 400% year-on-year.

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