High Fidelity to Create New Virtual World on EOS Blockchain

High Fidelity to Create New Virtual World on EOS Blockchain
фото показано с : cryptoslate.com

2018-6-30 20:00

Blockchain and virtual reality are arguably two of the most innovative inventions of this generation. Bringing the future to the present day, VR platform High Fidelity is creating a new virtual world powered by the EOS blockchain.

Backed by Billionaire Mike Novogratz

One of the earliest institutional investors to become a Bitcoin bull, Mike Novogratz and his Galaxy EOS Ecosystem Fund led a series D fundraising round for the High Fidelity platform with a $20 million investment, along with contributions from Breyer Capital, Blockchain Capital, Vulcan Capital, and IDG Capital Partners.

Related Story: Mike Novogratz and Bloomberg Team Up to Create the First Institutional-Grade Benchmark for Crypto Market

Currently, in beta, the High Fidelity platform aims to use an EOS-based blockchain to support billions of potential VR users in a universe of virtual reality worlds, coined the Metaverse.

In an interview with Reuters, CEO at High Fidelity Philip Rosedale said:

“To reach this scale and to deliver safely on such a promise, VR must be decentralized, including deeply using blockchain technology.”

High Fidelity has already developed a native cryptocurrency for its popular VR game, Second Life, using the Linden dollars (L$) as a medium of exchange to purchase goods and services within the virtual world.

To date, Linden dollars have produced over $4 billion in virtual transactions globally and can be traded for USD on the LindeX exchange.

CEO at High Fidelity Philip Rosedale, said in an interview:

“If bitcoin had been around in 2005, I would have been delighted to use it for Second Life.”

High Fidelity Coin – Intro to the Virtual World Economy Founded in 2013, High Fidelity Inc is a social virtual reality company and developer of Second Life.

For the new High Fidelity platform, Rosedale plans to issue a new stablecoin on the EOS network, called High Fidelity coin, with a 1:1 parity to the US Dollar.

In the new virtual Metaverse, users will be able to use High Fidelity coin to purchase goods and services licensed by real-world merchants.

Each transaction will be recorded on the EOS blockchain for merchants to verify.

Sam Englebardt, High Fidelity board member and Head of Strategic Partnerships at Galaxy Digital, told Reuters:

“Virtual reality may be the first killer app for blockchain. It’s a global phenomenon that fundamentally requires a trustless consensus mechanism for currency, property and identity.”

Rosedale confirmed that High Fidelity raised over $70 million so far for the new project’s research and development, staff, and new offices in Seattle, WA.

The post High Fidelity to Create New Virtual World on EOS Blockchain appeared first on CryptoSlate.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

High Performance Blockchain (HPB) на Currencies.ru

$ 0.0100291 (+7.61%)
Объем 24H $25.057k
Изменеия 24h: 5.20 %, 7d: 30.40 %
Cегодня L: $0.0090557 - H: $0.0100291
Капитализация $732.823k Rank 1812
Доступно / Всего 73.07m HPB

virtual blockchain fidelity high eos new world

Источник: cryptoslate.com

virtual blockchain → Результатов: 24


OSC Study Reveals Only 5% of Ontarians Own CryptoAssets, Know Blockchain Even Less

According to the Ontario Securities Commission (OSC), despite the raised interest in virtual currencies during the last months, most of the investors do not have the necessary knowledge about them. The OSC performed a study with 2500 individual residents of Ontario, that revealed that the vast majority of Ontarians approach to cryptocurrencies with caution. At […]

2018-6-30 00:50


Blockchain & VR: ImmVRse Determined to Build Millionaires in the VR World

Presently, there is hardly any virtual reality platform that connects content creators with buyers, in a seamless way like ImmVRse. According to recent research carried out in the UK, quite many young people from the ages of seven to eleven are now choosing more and more carriers in the technology line compared to being police […] The post Blockchain & VR: ImmVRse Determined to Build Millionaires in the VR World appeared first on ZyCrypto.

2018-6-27 20:14


Фото:

Malta Passes Trio of paid as Portion of ‘Blockchain Island’ Plan

Malta has taken a significant step toward becoming a “Blockchain Island.” Calling the news a “world first,” Schembri, who introduced all three bills to parliament, tweeted: The three bills –numbered 43, 44, 45 – are titled “The Innovative Technology Arrangements and Services Act,” “The Virtual Financial Assets Act,” and “The Malta Digital Innovation Authority Act,” respectively. With

2018-6-27 20:06


Фото:

Malta’s parliamentary reading approves three blockchain

Malta approved three distributed ledger technology and crypto-related bills in their second reading in Parliament yesterday, June 26, according to legislative records from the plenary session. The approved bills include the Innovative Technology Arrangements and Services Bill, the Virtual Financial Assets Bill, and the Malta Digital Innovation Authority Bill. The first two bills provide for

2018-6-27 18:16


Фото:

Proposed Regulations Could Cause Major Shifts in Canadian Crypto Businesses

Canada’s government has released draft regulations for “virtual currencies” with a consultation period of 90 days, saying that proposed regulatory changes could mean a loss of $60 million over 10 years for businesses that deal in cryptocurrencies but will improve Canada’s international reputation and make it easier for crypto businesses to deal overseas.

2018-6-13 20:24


Фото:

Jason Attar Takes Cryptocurrency to the Big Screen in New Mockumentary

Award-winning comedian, actor, writer and director Jason Attar is once again heading for the big screen with his new project KevCoin: The Movie. A follow-up to his previous film One Night in Powder, Attar will don the guise of his infamous character Kevin Powder — a rock star “fixer” who’s constantly trying to reinvent himself through wild schemes — and take on the world of digital finance as he seeks out fame and riches.

2018-6-11 22:31

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

China introduces new ID metaverse proposal

The Chinese-based company, Telco, has proposed a new digital ID system for bringing China into the metaverse. Telco’s proposal aims to bring all Chinese citizens into the metaverse using their ID metaverse system.