Tuesday, February 27, 2018

DenCity(DNX)-Expanded Reality Life Meets Virtual Reality


Have you known a Reality life that brings virtual reality? This is about it. This AI-powered metaverse runs on Blockchain technology. It offers participants an immersive experience away from the bitter reality of the world. They can move to a new galaxy or universe where they can come up with their own rules for living. On Dencity, people will be able to purchase and sell goods within the ecosystem. They will pay and are paid in the DNX Token, which is an ERC Token that will be used in both the virtual and real world. This Token will allow citizens of this metaverse to transact the seamlessly.
DenCity(DNX)-Blockchain Usage
The main reason why they used the Ethereumblockchain is to move the decision making power from a single point to everyone in the metaverse. Since the refinement of VR technology in the recent past, more people now spend more time in virtual worlds. These the interactions often occur on platforms such as computers and mobile phones, powered by VR hardware such as Oculus Rift, HTC Vive, and many more. It is estimated that the VR industry will be worth over $200 billion by 2021.
Essential Rules for Virtual Reality
Those behind Dencity believe that rule and order are important for any society to thrive. With this in mind, they the intend to release a survival guide. However, since participants control Dencity, members will be encouraged to converse in communities and sub-communities and create their own rules and regulations.
Creates Real World Incentives
In most virtual worlds that exist today, users get rewards, but these rewards have no real application in the real world. According to various reports, over 2.2 billion people play games daily.However, none of this is incentive to participate in these virtual worlds since there is no real money involved. Gaming generated revenues of over $100 billion globally, but only a tiny fraction of this money went to gamers. The rest, who represent 95% of the ecosystem, did not make anything.One reason why gaming companies do not reward virtual players with any real-world rewards is that a huge chunk of them does not pay. After the initial purchase, most of them never make any purchase. However, if they could earn tokens with real-world uses, they may be incentive to stay on.
User Control
Over the years, manufacturers have faced a backlash from players over a change in the rules. Sometimes it is because the rules make things too easy or too difficult. However, if it was the community which was deciding on the rules, these the issues would not exist. In fact, each sub community would have the right to choose its rules. It could then play the games or participate in the virtual world in a manner that it liked. In most cases, central authority always leads to some bad decisions.
Dencity Roadmap
Dencity has a well-planned roadmap that starts at the ICO stage and ends up at the interplanetary communication and trade. Each step has been carefully planned out to ensure there is no dissatisfaction among participants.
Now Its ICO Time
The world as we know it is on a march to change, a march that would seem almost unstoppable. People often find it tiring being completely the immersed in our collective realities and as such about 2.2 billon people every day find an escape into the virtual world by playing games on their phones and other devices. Further afield, others take a more serious escape by completely immersing themselves in virtual reality (VR) platforms to escape their daily woes. The entertainment industry today enjoys a plethora of benefits with this vast user base of billion of users. This industry is a multi-billion dollar the spinner, but as at its present state is beleaguered with a myriad of problems. One of these problems includes the constant threat of hacks from the use of centralized systems. Furthermore, the emerging VR industry sometimes suffers from unreasonable changes as the owners of these platforms bring change without so much as considering what their users’ thoughts might be on the matter. The DenCity hopes to solve these problems with their token offering.
Virtual Reality Bridge
DenCity is a blockchain based startup with eyes firmly set on the present ills of the VR industry. As it promises to give users a bridge where their Virtual Reality metaverse will also benefit their real-world hustlers with the use of a currency that works in both. The DenCity Token hopes to establish a real-world connection for virtual reality users. Through this DenCity will become one of the first virtual reality worlds to bridge the gap into the real world. Thus, allowing users to create value in their virtual world while utilizing it in the real world through the DenCity token.
Economies of Value
To further expand upon this exciting feature of real-world access, it’s important to understand the economics at hand. The economies of the virtual reality realm are worth in the tens of billions of dollars every year. Even with such a huge market, almost every cent of this revenue even if earned by a user has no real-world benefit to them as they can only purchase virtual goods within their respective platforms. DenCity’s coin will reverse that and allow VR metaverse users to have actual benefit from their activities in the virtual world.
Users Opinion
The DenCity platform also plans to reward users within their network for enjoying the virtual reality worlds. The network in and of itself will reward users with tokens as well as decision making power for the platform. Through this, they plan to turn the tables around by letting them be part and parcel of every decision made on the continued existence of their virtual worlds.This will become an exciting development for an industry that often has remained at the whims of the platform owners. With DenCity the user has a complete and real-like escape from their less than perfect world. With everyday things available in virtual reality such as looking for real-estate to enjoy, build or purchase the outright, defining the job of your own avatar, effortlessly communicate with other VR users within the metaverse as you build a new world together, and determining the rules of living therein by yourselves. All and all the future of the Virtual Reality world is poised for disruption in the real world. While this occurs, DenCity hopes to be the catalyze and platform for such a disruption.
Official Links for More Details
Official Web: https://dencity.life/

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