The first early human communities owed their existence to agriculture, and they soon grew into intricate cultures all around the world. Just as it did tens of thousands of years ago, the world is changing… The MetaVerse is here, and DAO based communities like RADA are emerging online and already spreading social values and responsibilities inspiring people globally.
From the moment Facebook, the most popular social media platform in the world, reported its parent company rebranding to Meta, the metaverse concept has gone mainstream.
But what exactly is the metaverse, and is it likely to be central to our daily living?
The idea of the metaverse itself isn’t new. The term was coined almost 30 years ago in the 1992 sci-fi novel, Snow Crash by Neal Stephenson which presents a 3D virtual world where avatars interact with AI agents.
Fast forward almost three decades from the year when the first text message was sent, and we now live in a new cyberspace community.
So, how exactly will the metaverse engage us across work, education and social contexts? And specifically, how can the blockchain metaverse support communities, just like RADA. First, we explain the metaverse, blockchain, and crypto.
The metaverse is a broad notion that has diverse connotations for different people and organizations. Even so, there are some aspects of a metaverse that we can all agree on.
First and foremost, it is a digital space, a virtual augmented reality that extends beyond the actual realm. It's also a gathering place for individuals to socialize and share immersive experiences like developing their own museum, presenting digital art, attending a virtual concert, or even playing one of the games in development.
The fact that there are no numerous metaverses – there is only one — is arguably most crucial. Virtual worlds, digital brands, and services combine in this shared reality. People in this realm use their digital identities to engage, communicate, and effortlessly transact value, freely roaming between numerous virtual worlds.
The Blockchain Metaverse
The blockchain metaverse adheres to Web 3.0 ideals (i.e. decentralization, trustless and permissionless, connectivity and ubiquity, AI and machine learning), equipping individuals with blockchain technology's benefits.
People can own and use their virtual assets according to their requirements and preferences thanks to the power of non-fungible tokens (NFTs). In a word, NFTs are one-of-a-kind blockchain tokens that grant holders ownership rights to a digital asset.
That is likely the most significant benefit offered by the blockchain metaverse. This form of token is a digital representation of a one-of-a-kind object, such as an avatar, a name, a game item, digital artwork, a specific membership, virtual real estate, or a variety of other ideas. These tokens can be used to create experiences or as a kind of collateral in some DeFi protocols. NFTs become the key to managing digital assets within the metaverse in this fashion.
Gone are the days where digital assets are owned and controlled by a central entity such as a game developer. Citizens in the blockchain metaverse inherit all of the properties inherent in NFTs, giving them full authority over their acquired assets.
Cryptocurrencies are the monetary forces that sustain the metaverse. And metaverse tokens including several play-to-earn dapps have been outperforming most of their peers recently.
Elemon example, any other RADA examples of the market. Mention RADA/LV.
Economy of the Metaverse
The metaverse's influence extends beyond blockchain technology. It is already laying the groundwork for a new form of economy by creating new income streams and, over time, new social structures.
Some of these monetary flows are related to virtual lands - building a virtual experience then charging rent - but in-game items, wearables, and avatars are the headlining habitants of the blockchain metaverse. The traditional gaming industry's market for clothes or digital skins is estimated to be worth $40 billion each year.
Communities of the Metaverse - RADA, the shining example
Not only will the blockchain metaverse open the doors for a new type of virtual economy. It has the potential to have a profound impact on our society by generating a new wave of opportunities.
And RADA is doing just that! The LaunchVerse is where everyone is welcome!
What is LaunchVerse?
Officially released Dec. 1st, 2021, RADA LaunchVerse is a DAO-based Launchpad for GameFi & Metaverse Blockchain projects, where new projects have their initial token or NFT offerings. It stands as a space to simplify and popularise crowdfunding in Blockchain, at the same time make initial Token sales equally accessible for the masses — newcomers and veterans alike.
The main features are what make LaunchVerse unique and community building.
During the project's IDO period, a #share2earn Event will be launched on LaunchVerse.
The community-driven campaign raises awareness of RADA’s Launching Partners. People that help to expand the community by sharing the initiative with friends or their own network are rewarded or given incentives. RIR (RADA Investment Rights) are awarded to members each time someone joins the #share2earn Event through a customized referral link.
Contributors, or persons who add value to the community (who RADA calls RADERS), as well as the Launching Partners, are assured RIR investment allocations for projects launching on LaunchVerse.
In true community fashion, RADA recognizes the necessity of accommodating each project's preference for using alternative blockchains such as Binance Smart Chain (BSC), Polygon, KardiaChain, Solana and Avalanche.
Due Diligence done by RADA
When investing, it’s sometimes hard to know what to do, where to put your hard-earned money, or where to get legitimate information from, so RADA does the hard work for you so you can make an informed decision. RADA compiles informative Project Reviews where all accurate data can be found on each project. Regular events are organized by RADA so community members can learn all there is to know.
RADA Community Projects
To stay updated on any of RADA’s IDO launches, all announcements are released on RADA's Social Media Channels. One upcoming project kicking off on LaunchVerse is The Parallel. The project engulfs the community spirit through its offerings.
The Parallel is a virtual world universe with a real-world simulation game system where players can fully create materials in the world and participate in monetization, entertainment, and networking activities. Using cryptocurrencies in The Parallel, players can rent conference rooms, host parties, and even go to work.
Thanks to the Hydra System (a copyright ownership system), no two NFTs can share more than 85% similarity traits. True ownership is in the hands of the players who can lease the Paragons (player-created characters) and Land without the worry of plagiarism. Paragons can be rented out to other players, or land rented out for profit. On top of that, players can earn money by working as tenants on land owned by landlords.
In a pandemic world, where people are struggling for food, shelter, medicine, and other necessities, they have been given a chance to obtain money through the #play2earn mechanism. But, unlike other projects that are just #play2earn, The Parallel goes a step further by making all experiences enjoyable and potentially profitable. With The Parallel, playing is no longer the only way to enjoy; being creative, being entertained, and everything else The Parallel has to offer brings more enjoyment through this range of experiences and the chance to earn.
The collaborative nature of The Parallel means that players aren’t necessarily focused on competing with each other. Instead, the goal is to connect everyone to help build worlds together.
The Parallel aims to create such an overwhelmingly appealing and rewarding #enjoy2earn universe that will ultimately cultivate the world's largest gaming community of crypto-enthusiasts and non-crypto-enthusiasts alike - and RADA is bringing that together with LaunchVerse.
So, the metaverse is poised to alter our current way of life. It has the ability to change the way we socialize, trade, and enjoy ourselves dramatically. It is already forming an emerging economy to fulfill our virtual society's expanding digital wants and preferences.
This, however, is only the beginning. The blockchain metaverse has the ability to transform our current reality, creating a decentralized realm where RADA members can collaborate and accomplish greatness as a team.
>> Read more: RADA LaunchVerse