Victoria VR is developing a revolutionary blockchain-based metaverse with realistic graphics powered by Unreal Engine. While it is building an ‘all-inclusive’ metaverse experience that merges the massively-multiplayer-online role-playing game (MMORPG) model with a social experience playground, it can be successfully used by businesses and individuals to create all kinds of online events, including business meetings, conferences, conventions, seminars, and workshops, among others.
The sudden onset of the COVID-19 pandemic at the end of 2019 has changed the event industry, accelerating the adoption of digital solutions. The share price of Zoom, the go-to video communications platform, reflects the rapid shift from live to online events. Zoom stock surged from less than $70 at the beginning of 2020 to a peak of over $550 per share in mid-October of the same year.
While the gradual end of lockdown measures has brought live events back to normal, the virtual events market is here to stay and thrive in the coming years. Some analysts put the valuation of the global virtual events industry at over $110 billion, with the market being expected to expand at a compound annual growth rate (CAGR) of 21.4% from 2022 to 2030.
Metaverse Is Game-Changer for Virtual Events
The emergence of the metaverse can transform the virtual event experience, and Victoria VR is poised to become a leading player thanks to its realistic graphics that can be leveraged to create 3D business environments to host various types of events, including summits, sales meetings, conferences, trade shows, and exhibitions, among others.
Last year, Meta (formerly known as Facebook) CEO Mark Zuckerberg highlighted the importance of the metaverse trend by rebranding the social media behemoth he is heading. His extensive explanatory clips introduced the technology to neophytes. Shortly after the rebranding, Meta launched a virtual reality (VR) remote work app to let users have business meetings.
However, even though Meta and other tech giants are leading the metaverse trend, the well-known privacy issues and other concerns are leaving much room for smaller competitors that care about user data, and this is where Victoria VR steps in.
Victoria VR’s metaverse relies on blockchain, a technology that takes the security of user data to the next level as it has no single point of failure thanks to the decentralization feature. Most of the assets in Victoria VR’s realistic virtual world are in the form of non-fungible tokens (NFTs), which provide holders with ownership rights and full control over their assets. Eventually, Victoria VR plans to become led by a Decentralized Autonomous Organization (DAO), transferring the decision-making power to the community.
Victoria VR Is Ideal for Virtual Meetings
Victoria VR is building a realistic virtual world that can be leveraged by businesses and individuals who plan to organize online events that are as close to reality as possible. Victoria VR is focusing on connection, communication, and interaction – three of the most important aspects to build a top-notch event experience.
Victoria VR’s metaverse provides users with a 3D environment that offers unlimited possibilities to those who gather in virtual events. The realistic world powered by Unreal Engine – which has been employed by reputable gaming studios in the US and worldwide – ensures that virtual business meetings, conferences, expos, and seminars are practical, convenient, and natural. Victoria VR’s technology combines virtual reality (VR) with blockchain and live streaming to deliver the best event experience possible.
Metaverse users can also join Victoria VR for all other forms of activities, including entertainment, social interaction, shopping, learning, and more. With a realistic 3D avatar, you can explore the unique world developed by Victoria VR, which is the go-to metaverse to live your digital life. The sky is the limit with this realistic virtual world – users can choose to have online meetings, play games that integrate the Play and Earn model (which is more fun than P2E), develop their digital real estate (VR Land), watch a movie, create digital art, and much more.
Victoria VR has recently released a teaser, showing the breathtaking views of its digital world, including water, trees, nature, mountains, and beaches. This is a world where users can build their digital property and host all forms of virtual events that simulate real-life interactions.