Sensorium Galaxy, a not-yet-released virtual reality platform, has signed famous French DJ David Guetta. The platform hosts its own ERC-20 token, known as SENSO. "In a similar fashion to in-game currencies like Fortnite’s V-Bucks, SENSO is used for all value transactions within the Sensorium Galaxy," Sensorium Corporation's deputy CEO of IR, blockchain and technology, Alex Blagirev, told Cointelegraph. "While that is the first blockchain application in our alternate universe, we’re working on other applications of the distributed ledger technology," Blagirev noted. "One application we’re currently exploring is related to how users will save their profiles on the platform. Unlike with …

In the “real” world, real estate has historically been seen as a viable investment. Individuals and corporations usually purchase land and property either for development or to sell at a higher price in the future. With the world becoming increasingly digitized, it appears that the trend of ascribing significant value to land and property has been spreading to the virtual scene. At the intersection of emerging tech like virtual reality and blockchain, developers, investors and hobbyists alike are creating a vibrant virtual real estate market. While VR provides the tools to visualize these digital spaces, blockchain technology is acting as …

An all-digital alternate universe is using VR to transform social interaction and content consumption — and has already received backing from top entertainment brands. Sensorium Galaxy’s ambitious project was recently given a huge boost when TIDAL — the internationally acclaimed streaming service owned by the likes of JAY-Z, Rihanna and Daft Punk — purchased $7 million in SENSO tokens. This in-platform currency provides users with access to its content — from avatar add-ons to event tickets. The collaboration gives Sensorium Galaxy fresh momentum as it goes live and strives to become a leader in the entertainment and social VR market …

With the coronavirus pandemic forcing many businesses to adopt work-from-home policies, the demand for video conferencing programs appears to have increased. Indeed, by late April, video conference app Zoom was seeing 300 million daily meeting participants, a 50% rise from the 200 million recorded at the start of the month. Amid its growing popularity, the United States Federal Bureau of Investigation revealed significant privacy flaws with Zoom. SpaceX, owned by Elon Musk, even reportedly banned employees from using the software on account of these vulnerabilities. Blockchain projects are now getting into the video conferencing arena, looking to leverage the novel …

Virtual reality media platform, Sensorium, has announced its membership in the Global Blockchain Business Council, or GBBC — a Swiss-based non-profit industry association for blockchain. Sensorium will participate in GBBC’s upcoming virtual forum on May 28, which will see the firm’s director of technology Alex Blagirev discuss his predictions for how virtual social media will change the way that people interact online. Cointelegraph spoke to GBBC to discuss the intersection between social media and virtual reality, or VR, and the role that blockchain plays in the sector’s future. DLT protects copyright for user content A GBBC representative stated that the …

As the global economy struggles to adapt to the rapid changes the coronavirus pandemic has forced upon the world, the virtual conference space is booming. The need to engage, communicate and expand our network has perhaps never been so necessary as businesses struggle to survive what may be the next great economic depression. Blockchain and cryptocurrency are sectors of the financial technology industry that are used to leading the way when it comes to innovation, and it’s no surprise that blockchain conferences are quickly moving online in an effort to keep people in the crypto community connected while also maintaining …

Somnium Space sold 110 Ethereum (ETH) worth of virtual land plots during the first seven days of its multi-week affair. “During the first week of Road to SLO we have sold a total of 25 parcels for 110 ETH,” a Somnium representative told Cointelegraph. “Moreover we have seen a record high sale of a Bundle of 10 parcels from one user to another for whooping 100 ETH.” Last week, blockchain-based VR game, Somnium Space, completed the first week of its Road to Secondary Land Offering, a March 13 statement detailed. During this event, the startup sells 25 virtual land parcels …

A couple of months ago, the crypto community was surprised by the news that users of the Decentraland virtual world platform have spent $1 million on digital land. And the largest deal for the Decentraland project was a sale worth $215,000 to an unknown user. Each plot in Decentraland represents a patch of land in a 3D virtual world, in which participants can do almost anything they want. The virtual world is not endless, and each token within the project is assigned 10 square meters. Blockchain projects that allow users to own virtual property and items, including land, have been …

Consensus, a major global cryptocurrency and blockchain-focused event, is another industry conference that had to change its plans due to intensifying coronavirus fears. In line with the increasing number of industry events being delayed or canceled in response to the coronavirus outbreak, Consensus will not be hosting a conference in New York this year. Consensus 2020 will be hosted in virtual reality at no charge However, that doesn’t mean that Consensus 2020 will not happen. According to an official March 13 announcement by Coindesk, the industry publication that coordinates the event, Consensus 2020 will now be a “completely virtual experience,” …

Almost three years after its ICO, Decentraland has opened its platform — a virtual world in which participants buy and sell fake land, as well as construct buildings. Over the past ten days, Decentraland gamers have purchased over $1 million worth of digital anchorage on the Ethereum-based virtual reality product, Bloomberg said in a Feb. 20 article. Decentralanders use the project’s native crypto asset, MANA, as payment within the game. Users interested in Decentraland Conducting its ICO during the crypto craze of 2017, Decentraland raised over $20 million selling its MANA token. Reminiscent of the popularity seen in the Crypto …

A blockchain-powered virtual reality world is gearing up to launch a huge public update that will deliver a “fully immersive” experience across all major VR headsets. Somnium Space describes its platform as a “persistent VR world,” meaning players are always in the same server together at any given point in time. The team behind it says its “unique server architecture” ensures that loading screens are never encountered as users explore the metaverse. According to developers, many multiplayer games in this space lack richness and depth due to the fact that players are often divided into sub-servers or mirrored rooms, meaning …

Media company Live Planet has announced plans to imminently launch a blockchain-based virtual reality network — the Blockchain Virtual Reality (VR) Network — that will be used to host crypto and other blockchain-related content. Live Planet shared the development with Cointelegraph in a press release on Aug. 8. According to the announcement, this network will be the first of its kind. The press release additionally specifies that this will be the company’s first application based on VideoCoin Network technology, a blockchain-based piece of media infrastructure the company has been developing. Former Fox Film executive behind the Blockchain VR Network? As …