Metaverse And Branding 2022
If you’re bored of traditional advertising and looking for a new way the reach an audience, Metaverse is here to help.
Quick Summary: What Is the Metaverse?
Take for example the blockchain powering Upland. A player's identity is verified through their Ethereum address, and from there they can create, buy and sell property on the platform. The best part is-- this process is automatic and enabled by smart contracts. Property rights work the same way: you own an asset by owning the blockchain key which generated it.
Metaverse is a non-fungible token (NFT) built on the blockchain and tracked on its own public ledger. Unlike cryptocurrencies, where generic tokens are traded, each NFT is unique, meaning that every single one can be tracked and verified on the blockchain.
The Metaverse is a decentralized network of virtual universes, and that means it's made up of a bunch of smaller networks. It encompasses these individual networks, each with its own rules on things like registration, accounts, and transactions.
The metaverse, a term first introduced in Neal Stephenson’s 1992 novel Snow Crash, is a fully immersive, shared virtual space where people can communicate and conduct business using avatars. It was established that the metaverse would become a platform as important as Facebook or Google+, so Branding 2022 partnered with Metaverse to create its initial token, ETP.
In 2019, users of the popular metaverse game Roblox cleared $110 million from such activity. Our team saw a huge opportunity in not only capitalizing on the success of these games but booming in a whole new way.