The concept of virtual worlds and the Metaverse has been growing in popularity over recent years, with the introduction of AI and NFTs offering new opportunities for immersive experiences. However, there are still many challenges that lie ahead for these technologies to be adopted by the masses.
According to RFOX VALT co-founder and CEO Ben Fairbank, there is a lot of untapped potential for AI and NFTs in the space. However, the challenges developers face in the journey toward mainstream adoption of the Metaverse and virtual reality are also numerous.
RFOX VALT is an up-and-coming virtual reality and Metaverse platform allowing users to purchase highly customizable apartment spaces.
Q: While AI solutions are gradually entering the mainstream, the Metaverse and NFTs are still far from mass adoption. What are the main challenges for virtual worlds that integrate these technologies?
The concept of virtual worlds may not be new, but the introduction of immersive VR experiences that make up the Metaverse poses some barriers to entry that are yet to be ironed out. Virtual reality headsets are still considered to be expensive, and are classified as luxury items. Moreover, the UX for blockchain interactions surrounding NFTs is often confusing and clunky without upside benefits to the end user, other than purely speculative revenue-generating opportunities for early adopters. This, however, is all rapidly changing as Metaverse platforms are being developed.
Q: What inspired you to explore the intersection between the Metaverse, AI and and NFTs?
A Metaverse should be, by its literal definition, a platform that offers immersive experiences that are made possible by the introduction of cutting-edge technology. A logical progression from
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