The Metaverse will be the next evolution of the internet.
Metaverse will be a multi-trillion dollar industry.
Metaverse will reshape social interactions forever.
We keep hearing such comments when asked about the metaverse. But in reality, the majority of people never even heard of Metaverse a year ago.
What changed? The hype started when Web3 gained mainstream recognition. NFTs showed their true potential in 2021, outperforming the crypto markets with innovative and market-expanding use-cases. One of them is play-to-earn or NFT-powered blockchain gaming.
NFTs have evolved in a big way, from simple trading card collectibles to becoming a valuable asset in every major industry. On the other hand, play-to-earn games took off by showcasing how true ownership of in-game assets can immensely benefit players monetarily.
These market sectors in crypto went on to onboard millions of new users because they provided a better alternative to the traditional gaming experiences. The first virtual world—the internet — was built by centralized organizations. They are closed networks that only extract value but never fairly distribute it back to the users.
The metaverse and Web3 change that dynamic with technology that brings together an array of user-centric digital applications. These applications can empower blockchain games featuring NFTs and in-game currencies or other assets.
However, first, we need to understand what makes a metaverse, how the current landscape looks, and what an ideal metaverse has in its arsenal. In this article, you will find answers to these questions and dive deeper into the metaverse rabbit hole. Let’s get started!
First, let’s try to define what the metaverse is.
We say “try” because no one knows what a metaverse or possibly a combination of metaverses could be like in the future. So it would be wrong to fixate on one definition of the metaverse. But we can try to understand it by drawing a parallel to the Internet.
When we talk about the Internet, we don’t refer to it as an individual network or protocol that uses only one type of technology. Several things make up the Internet, including the hardware, software, and networks involved.
Similarly, the metaverse is a virtual world made up of different technologies that bring together users worldwide and provide immersive experiences.
Another similarity between both is that they allow users to take on any digital representation they want in the form of an avatar. These avatars are not new. They existed in many virtual worlds before. For example, in a video game such as Fortnite or Call of Duty, players use avatars with different skins to represent themselves in the game.
Take the movie “Ready Player One” as an example. It features a metaverse where humans can take on any avatar and explore the OASIS. Players can participate in battle royale tournaments, car races, etc. They also have a chance to win OASIS Credits, the in-game currency.
The metaverse creates a digital Web3 economy, where users can create value, be it goods or services, and sell them in an open marketplace.
Users can create NFTs. They can play games. Hell, they can even organize concerts in the metaverse. So what we are trying to say is that the metaverse is not limited to a single app, like how the Internet is not limited to only social media platforms. A metaverse is so much more than that, and everything within it will provide unique experiences and provide an economy without relying on a single platform or government.
Okay, but why does it matter?
The fundamental reason why the metaverse matters is that it enhances human connection beyond two people texting or face-timing online. It creates a sense of physical space in the virtual world and allows anyone to interact directly. That is why it can have a massive impact on broader society.
A Web3 metaverse is a better option because it transforms everything digital to another level, adding a new layer of ownership.
And What Makes a Metaverse
The internet we use today has gone through many changes. When the internet first went live, it had simple features like linking web pages and sending messages from one computer to another. Now the internet has evolved into websites, apps, and social networks.
Similarly, the metaverse also has a set of technological innovations that lay the foundation for Web 3. First up, we have the underlying blockchain technology that powers all the protocols in the crypto ecosystem. The unique characteristics of blockchain, immutability, distributed ledgers, and enhanced security also translate to the metaverse.
Building on top of the blockchain, NFT is another prominent technology with a major role in metaverse. NFTs provide a digital certificate to users who access different parts of the metaverse, like a play-to-earn game or music concert.
If we consider NFTs, we also have to include blockchain gaming. Finally, we have AR and VR platforms, which are essential for enhancing user experiences.
So, we can now understand that the metaverse is growing into much more than just NFTs and gaming. There are virtual lands such as Sandbox, and tokens, among other things, that revolutionize the way we see the creator economy today.
Moreover, metaverse games such as Axie Infinity and DeFi Kingdoms continue to grow in valuation with millions of players every month, spilling over into newer ecosystems. Axie Infinity is clearly the top game, with most NFT sales surpassing $4 billion and hosting over a million players every month. While Defi Kingdoms recently launched on Avalanche subnet, indicating a widespread growth in the near future.
With big tech giants such as Meta, Microsoft, and Epic Games entering the metaverse space, the scope for a centralized metaverse is huge. Yet, the Web3 community continues to frown upon such centralized systems that don’t return value to the users, while they tend to make hefty profits.
While Meta plans to invest at least $10 billion dollars to develop the metaverse, Microsoft’s recent Activation deal for a whopping $68.7 billion and Epic Games’s recent fundraising from Sony and KIRBI (the holding company of Lego) worth $2 billion are all instances of growth for the overarching metaverse. Besides, the majority of the funding for GameFi projects has been in the last couple of years. Yet, not many of these games have an all-in-one approach.
Bullieverse: an ideal Metaverse that has got it all.
The Bullieverse is an open-world metaverse built around communities of gamers and creators. It aims to develop a metaverse environment that allows users to derive value in multiple ways with NFTs, virtual real estate, and tokens—all in one space!
Built using Ethereum, Polygon, and Unreal Engine, the Bullieverse is a secure and scalable metaverse that can provide immersive user experiences. There is no limit to who can join and gain the most value.
Bullieverse has three main roles for the community: game player, game creator, and asset owner.
For players, Bullieverse has a series of video games that will allow them to deploy NFTs and earn tokens as rewards. It will also bolster the creator economy by integrating a no-code platform, which users can use to create games with prebuilt components while still retaining their ownership rights. Bullieverse also has land NFTs that you can populate and use to create virtual world experiences. Bullieverse also plans to become a DAO-led metaverse at some point in the future.
With key user-centric features such as SmartFlake, Snow Crash, Meta Launchpad, and the Bullieverse DAO, this is set to take the all-in-one metaverse approach to a different level altogether!
Upcoming Games on Bulliverse:
The first game recently launched on Bullieverse is Bear Hunt. It has already shipped the first NFT collection called COBI NFTs, featuring 10,000 algorithmically generated bulls with over 160 traits. These NFTs will give access to the Bear Hunt game, among many other benefits.
The game is now in private beta, with a rollout planned for Q1 2022. The mechanics of the game are exactly what the game implies. Players have to use their COBI NFT to hunt down bears and get past the outposts. If a player passes all three levels in the game, they receive bull tokens and a bear NFT.
Bear Hunt Gameplay
COBI NFT volume
Similar to Bear Hunt, Treasure Hunt is also a single-objective game. It requires players to solve puzzles to get them to the treasury. Players can play solo or join others to play in a tournament. The first team or player to find the treasure wins the tournament. This will be part of the Bullieverse game collection and engage players before they witness a new way of playing games from game creators in early 2023.
Bullieverse is trying to maximize the utility component of its NFTs by launching different types of games that can complement each other. One of them is Bull Royale. It is very similar to how games like PUBG or Fortnite are played. A team of bulls will land on an island, and whoever lasts the longest wins the game.
With Arcade, Bullieverse plans to introduce a new genre of games. They will most likely be single-players, driving the demand for in-game NFTs and avatars. Games in the pipeline are Basketball and Bull Run.
Basketball in Bullieverse
With so many games in development, Bullieverse is going to create enough demand for the gaming community to join and become creators. Once the initial games gain traction, it is expected that Bulliever will have a thriving gaming ecosystem with new games built by the community for the community.
Progress Made So Far
The execution ability of the Bullieverse team has been on display since its inception. So far, they have shipped key functionalities of the metaverse, with COBI NFTs, the Bull token, and the launch of Bear Hunt.
Bear Hunt is now live to play for all the citizens of the Bulliverse. They can download the application on their Windows and Mac devices. A detailed breakdown is given here. The team is also ensuring fair distribution of the Bear NFTs by integrating Chainlink’s Verifiable Random Function (VRF) on Ethereum and Polygon.
After the successful token launch, Bullieverse introduced a staking program to give exclusive rewards to holders. Early NFT supporters can stake their tokens and receive mint and land passes. They will get a guaranteed allocation for all future NFT collections over the next two years. At the same time, holders can also generate up to 70% returns in annual yields.
In the process of rolling out different products, of Bullievere. It also managed to grow its audience from 10K to 140K followers on Twitter.
The roadmap for this year is divided into four main phases. The Bear Hunt goes live in the first quarter, and NFT holders get early access. The team will also release the Bear NFTs and start a land auction.
Once the foundational assets of the metaverse are rolled out, we will see more features being integrated. Some are PVP fighting games, Bull Run games, and the marketplace. These will be launched once the first iteration of the metaverse goes live.
In Q3 2022, Bullieverse will add more layers to its metaverse with a staking dashboard and DAO governance. From here on, the metaverse will further decentralize and give voting rights to token holders. A new collection featuring cows will be launched.
Finally, the year ends on a high note, adding mobile support and conducting a virtual summit in the metaverse. There will also be breeding and staking features at this point. We expect a full metaverse launch with a creation engine and more creators on board by 2023.
Why GravityX Capital Invested
At Gravity X Capital, we have long-term conviction in any game-changing idea we choose to support. The Metaverse is no different. But we also believe the development of the metaverse should be done properly. It should empower an open world for good actors like creators, buidlers, and gamers, to participate and derive value both socially and economically. This is how we plan to unleash the era of the decentralized Financial Renaissance.
Bullieverse is one such project that fits our category of ideal metaverse. It takes a focused and long-term approach to decentralized GameFi and Metaverse via enabling custom Unreal engines for game development. It allows stakeholders such as gamers, game creators, asset holders, and DAO members to interact as well as earn from it. The strong in-game economics aligns everything with the $BULL token, making it a profitable and all-encompassing business model.
GravityX strongly believes that a custom Unreal engine will help capture the attention of the existing web2 game developers and gaming enthusiasts with its ability to create dedicated games and also design the economics behind them. Besides, it has already tapped into a network of web3 frontrunners with the successful launch of the NFT collection and its first game.
The future of Bullieverse is exciting as it becomes more decentralized, adding high-quality play-to-earn games. We have confidence in the team to execute and deliver on all fronts, which would result in an all-around metaverse built for the future.