Decentraland or The Sandbox … or BNV World? We May Soon Be Able to Monetize Engagement in the Metaverse

By August 5, 2022The Sandbox
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Decentraland or The Sandbox … or BNV World?  We May Soon Be Able to Monetize Engagement in the Metaverse

He also weighed in on the pros and cons of the fashion event at The Sandbox, a plot of land owned by BNV.

“Sandbox is built around the concept of play-to-earn, gaming and earning rewards; what we are trying to do is to bring this fashion element where we are showing the different ways that fashion is represented in it. can go,” he said.[While it’s not] The best place to showcase wearables, it’s more about giving people a Metaverse experience where they can move around, connect and interact with people, seeing things they won’t be able to see anywhere else — and we’re trying to do that in a fashion-friendly format.”

Given the popularity of Decentraland and The Sandbox, which differ greatly in aesthetics and user experience, it is no surprise that one of the biggest buzzwords in the metaverse is interoperability – the ability to operate digital assets in different virtual worlds. However, at the moment this is not possible.

“But we believe it will happen!” Hobbs said. “If you’re moving into someone’s Metaverse space, you’re bringing value to them because you’re engaging in their space; it should be self-fulfilling, without making micropayments or signing up for a membership or registration process. That’s it. There must be an interoperable metaverse.

It is precisely this kind of online interaction and interaction that got Hobbes and his team thinking: with all the models playing to learn or play to earn that currently exist in the largest virtual worlds, why is there no fashion. – System to earn? As BNV begins to build its metaverse, BNV World, this concept of monetization engagement is going to play a central role in its operation.

“We’re working on it,” Hobbs promised. “We spent a long time thinking about how to take real-world elements of the fashion industry and translate that into Web3.” He explained that in the physical world, for example, if you wear a new outfit to an event and people ask about it, you are essentially promoting the product and advertising the brand, but without of any monetary benefit. In Web3, it can be very different.

“If people talk to you [in the metaverse]They can click on you and find out where you got your wearable – they can see that it’s from this designer, that there are only a hundred [this wearable in existence]What is it currently trading for and where to buy it. You are actually giving out a lot of information and you are promoting for that particular brand, and you can be rewarded for that,” he said. “Our ‘fash coin’ and the economy we will build to support it is what enables this to happen. We have spent a lot of time working on the mechanics of this economy so that it is not only costing money but money as well. is bringing.

Source: www.tatlerasia.com

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