Project aims to build a creator-focused economy through blockchain


A metaverse undertaking that would supply a digital hub for creators gave the group a chance to journey inside its metaverse metropolis and discover an early model of the imaginative and prescient that it goals to realize.

Final week, Web3 creator economic system protocol DEIP launched an occasion inside its metaverse. With DEIP CEO and co-founder Alex Shkor performing as a digital tour information welcoming individuals with a speech, Cointelegraph explored town whereas listening to the information.

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Exploring the DEIP metaverse metropolis.

In an interview with Cointelegraph, Shkor defined that the house was created with the aim of empowering creators and connecting them with one another. Shkor stated:

“We had been eager to create the house the place creators might meet one another, collaborate and study extra concerning the newest technological developments enabling the transition in direction of the decentralized creator economic system.”

The platform hopes to present creators a platform to find, consider, license and change “intangible property” akin to artworks. It additionally goals to switch knowledge storage from centralized publishers right into a decentralized platform, giving creators extra management as regards to their work. Other than this, DEIP additionally seeks to present creators higher monetization alternatives.

In response to the Shkor, the house was created by the Arhead Metaverse ecosystem, Balagan artistic company and Atrium architectural studio. The staff additionally partnered with Close to Protocol and the Octopus community to assist additional its ecosystem.

Through the occasion, probably the most noticeable sights was a blue balloon canine. Shkor talked about that that is Jeff Koons’ Balloon Canine (Blue), which is a bodily sculpture that was transformed into digital artwork to be showcased on the occasion.

Jeff Koon’s Balloon Canine (Blue) showcased on the DEIP metaverse. 

Whereas operating an occasion inside a metaverse is an attention-grabbing step ahead, the occasion additionally confirmed indicators that metaverses are nonetheless of their early levels. Transferring by the digital location, Cointelegraph met some minor difficulties akin to getting disconnected and audio being minimize off.

Associated: Pride in the Metaverse: Blockchain tech creates new opportunities for LGBTQ+ people

In the meantime, metaverse tokens are performing well regardless of the bear market. In response to a report by Kraken Intelligence, metaverse-related digital property have outperformed different token classes by round 400% year-on-year.