Five Companies That Are Pivoting From the Blockchain to the Metaverse Next

Currently, there are a number of companies, such as HTC, MoviePass, LimeWire, Neopets, and DBS Bank, that are moving toward the metaverse and focusing on their own digital communities. These companies are pivoting from the blockchain to the metaverse, which is an important step in the evolution of the internet by Pivots From Blockchain To Metaverse Next.

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Bunch

Founded by Selcuk Atli and Jordan Howlett, Bunch began as a mobile video chat service. In late 2017, the company pivoted into a full-blown social networking platform with an immersive gaming environment. In the coming months, the company will launch beta testing for Bunch 2.0, which includes a virtual world.

The company’s vision is to bring people together. In the metaverse, players can create games, engage in social VR experiences, and interact in real time. In the game, users can customize their avatars and experience immersive adventures.

According to a recent report, the MMOG industry is expected to reach $55.7 billion by 2027. The industry has seen significant growth over the past six months, increasing awareness 131%.

DBS bank

Among the most notable innovations of Singapore’s largest bank is its commitment to implementing emerging technologies. The bank recently inked a partnership with The Sandbox, a blockchain-based metaverse gaming platform. The two will work together to develop DBS BetterWorld, a community-focused metaverse.

The sandbox is a three-dimensional virtual environment where players can construct ethereum blockchain-based games. It also serves as a platform for promoting a sustainable world. DBS will purchase carbon offsets and work with the company to ensure the BetterWorld is carbon neutral.

The sandbox also employs digital avatars to enhance lifelike experiences. It is also one of the first companies in the world to use motion-sensing technology to create more realistic avatars.

HTC

Despite being a smartphone company, HTC has a foot in the enterprise market. Its high-end virtual reality headsets for businesses continue to power several commercial VR experiences.

One of the most exciting things about the metaverse is that it combines the real world with immersive virtual reality. This concept is relatively new, but it’s already capturing the imagination of tech enthusiasts and millions of people who spend hours every day in virtual social spaces.

The Metaverse may be a decade away, but the notion is gaining ground as companies like Facebook and Microsoft launch new ways to collaborate online. It’s also becoming more important in the design and manufacturing processes as it can provide a more productive working experience.

LimeWire

Using connections to the music industry, LimeWire aims to be a one-stop shop for artists and fans to buy and sell digital collectibles. The new service will debut in May with support for nonfungible tokens (NFTs) trading. The new platform will offer an NFT-based marketplace, custdial services, and digital wallets. It also plans to launch its own token in the future.

Initially, LimeWire will focus on music-related NFTs. But the company’s founders, Julian and Paul Zehetmayr, are eyeing a broader market. Their plan is to use LimeWire’s brand strength to attract users, and they plan to launch a utility token later this year. The LimeWire token will allow access to exclusive content and community voting. The tokens will be denominated in US dollars and will come with voting rights on LimeWire’s policies.

MoviePass

Almost a year after its collapse, MoviePass is attempting to reinvent itself as a “end-to-end cinematic marketplace” powered by decentralized technologies. At its height, the company had millions of users and promised unlimited movie access for less than the price of a ticket. However, the service ran into legal and financial hiccups. The US Securities and Exchange Commission filed a lawsuit against its executives, claiming they misled investors about the value of their services.

Unlike the old version, which operated through a debit card-like system, MoviePass 2.0 will be based on “virtual currency.” Credits will vary by location, but will also depend on factors like peak moviegoing hours and the popularity of a particular title.

Neopets

Taking a leaf out of the books of other online games, Neopets has now switched from a classic blockchain game to a metaverse, albeit one based on a web3 technology. The Neopets Metaverse is a free to play game that allows players to interact with and customize their pet Neopets. Several mini-games will also be available to players.

The Neopets Metaverse is designed to provide users with an immersive experience. They will be able to customize their pets and Neohomes, engage in PvP matches, and add to liquidity pools. The team has emphasized that it is not a replacement for the original Neopets platform. To know more about Pivots From Blockchain To Metaverse Next just follow us.