Alternate Reality Technology on the Blockchain?

A recent press release from DMG Productions announced that Fox Business will air an episode of Innovations w/Ed Begley Jr. television series later this year that will explore how blockchain technology is transforming alternate reality technology. Innovations is an award-winning educational and informative series that covers the latest breakthroughs in all areas of society in an information-based 30-minute show.

I must admit, when reading the headline including the phrase “alternate reality” I was naively hopeful that CERN researchers had found a way to transverse through the multiverse. Unfortunately, that was not the case, even though I knew it before reading further. However, the actual reality and developments which will be covered in this 30-minute show are no less fascinating. The producers of the show plan to cover VIBEHub, a technology platform that can be used to create virtual reality marketplaces and hubs.

VIBEHub is a virtual reality application that captures visual performances using volumetric video, a holoportation technology. VIBEHub offers a virtual social reality in which it would be possible to attend a concert located thousands of miles away, attend an education seminar in a different time zone, or go on a virtual date with someone located on another continent. The associated cryptocurrency is VIBE token, based on the Ethereum blockchain. As of press time, the price of VIBE was $0.168181 according to VIBE is listed on HitBTC and Etherdelta exchanges.

VIBEHub offers a hybrid chain solution with offloaded microtransactions isolated to a private off-chain solution.

I’m eager for this show’s debut later this year and the possible impact it has by introducing the concept of blockchain-enabled virtual reality and augmented reality to casual viewers.

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Cryptobellum is a digital publication of Telesto Studios, LLC focusing on the cryptocurrency market and the underlying blockchain technology that fuels it. Created and managed by Sharon Moran, Cryptobellum also provides original features and covers AI and other technological advancements.