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Disney Strengthens its Metaverse Ambition with Patent for an Amusement Park

Disney is one of the latest entertainment organizations to experiment with headset less augmented reality. As a result,  Disney park visitors may soon be traveling through the metaverse. Beginning their year on a high note, the world’s largest entertainment company just received patent permission for metaverse capabilities at its theme parks.

The company will employ software that tracks people’s phone activities at Disney parks. It will then create customized interactive attractions for each of these guests, which will be shown as 3D graphics on neighboring physical locations. Rather than a general fun activity, each visitor would have his fun customized to their request. This means that one person could see Cinderella from a hot dog stand while another would be enjoying another Disney show.

Disney’s metaverse ambition

Disney has been making moves to join the ongoing tech conversation. On December 28, 2021, the tourist site got their patent called a ‘virtual world simulator in a real place’ approved.  Before then, the entertainment giant had filed a trademark application with the US Patent and Trademark Office. 

During the company’s fourth-quarter result call, CEO Bob Chapek remarked that Disney intends to tell stories through a “three-dimensional canvas.”  This technology is a strong pointer to Disney’s intention to fulfill its ambition

According to Chapek, “Our efforts to date are merely a prologue to a time when we’ll be able to connect the physical and digital worlds even more closely, allowing for storytelling without boundaries in our own Disney metaverse.” 

In November 2020, Disney revealed their metaverse vision. Tilak Mandadi, the company’s chief strategist, wrote an article at the time highlighting the company’s metaverse objectives. According to Mandadi, the experiences would be timeless but yet distinctive to the individual, as well as social and connected.

Growth to be expected

In an interview with the Los Angeles Times, Disney stated that it has no immediate plans to use the patent.  However, getting the patent shows how deliberate Disney is to get ahead of its competitors.  Disney has a long history associated with modern American culture. Its influence has also spread to other parts of the world. 

Currently, there are 12 parks in the United States, Paris, Hong Kong, Japan, and China. These parks have become tourist locations and homes for individuals seeking fairytale adventures. It is reported that Disney parks around the globe get millions of visitors yearly, and the entertainment giant rakes in billions as profit.  All of Disney’s services brought in approximately $17 billion in revenue in 2021. While several organizations struggle to keep things together as a result of the pandemic and restrictions associated with it, Disney continues to record tremendous progress. 

The metaverse is expected to be the craze of the blockchain community in 2022, as Defi and NFTs were in 2021. If everything goes as planned, Disney could see its growth explode in the coming months.

Wasder launches on Solana as it aims to disrupt the industry

Wasder, a global gaming platform or social microverse for gamers, has announced its launch on Solana, a market-leading blockchain technology, to become the primary gateway to future metaverses.

The collaboration establishes a new bar for both gamers and publishers as Wasder is the first popular gaming platform and digital microverse of its sort. The new launch allows gamers to take part in the Game of Wasder, a truly gamified adventure embedded inside the social network that allows users to get more involved with games like Minecraft, Call of Duty, Roblox, Fortnite, Garena Free Fire, PUBG Mobile, and others.

Understanding the Game of Wasder

The Game of Wasder creates a more immersive experience when it comes to interacting with brands. It allows game publishers and developers to host their communities on Wasder, combined with Game Spaces. Furthermore, it provides players with a variety of other high-value options, such as showcasing their in-game items like NFTs, Battlepasses, and prizes while also exposing them to a bigger audience.

Wasder’s rewards are exclusive NFTs from games with whom Wasder has collaborated. Wasder has already teamed up with Gala Games’ Townstar and Vorto Games’ Hash Rush and will announce numerous additional partners in Q1 2022. Wasder’s Battlepasses will also be available to users, allowing them to gain rewards playing a specific game within a specific timeframe. In addition, players can display their rewards/NFTs on their personalized profiles, giving them a new avenue to promote themselves in the group as well as their reward stockpile.

Speaking on the new launch, Thomas Gronnevik, CEO of Wasder, gave a detailed insight into what Wasder looks like. Speaking on gamer’s ownership, he said, “Players have historically been unable to have ownership over their items in games. What this means is that there have been limitations to who you can trade them with, or moving them between your own accounts, or other artificial demands that you had to go through in order to do anything with the items you had either earned or bought. NFTs allow for gamers to really control their own things which means that they can trade them between their own accounts, or with their friends, or sell them if they like. Remember old Pokémon trading cards? No one controls them but you.”

In a release, Wasder opened up on the goal of its platform. It wrote, “ We wanted to create a system that gives every player equal access to earning & acquiring really cool rewards & NFTs. After every season, control and ownership of those rewards & items should be in the hands of the players, ensuring that everyone can enjoy what we create, and that it creates a vibrant, decentralized, and player-controlled economy after each season ends.”

Why Solana?

Wasder noted that it looked out for a platform that would return power back to the players and also share in the vision of massive adoption. Solana ticked all the boxes. Here are some reasons why Solana was the perfect destination

  • It’s highly scalable.
  • Their transaction speeds are very high.
  • Low transaction fees and fast-paced transactions. 
  • Highly sustainable

Apart from developing the Game of Wasder on the Solana, Wasder plans to use the Solana blockchain for a variety of purposes, including the minting of NFTs. Although Wasder intends to enable various blockchains for NFTs in the future, the Solana ecosystem will be the first and will power the basic mechanism that allows players to exchange NFTs.

OpenSea- A NFT Marketplace to add Ethereum Layer 2 Protocol

OpenSea is a Non-fungible Token Marketplace that helps in buying, selling, and discovering rare digital items by leveraging NFTs. Recently the platform announced its plan to integrate OpenSea with an Ethereum scaling solution to remove gas fees altogether. 

These high gas fees were one of the factors slowing down the adoption of NFTs by digital artists. OpenSea plans to make the onboarding process a lot simpler by providing support for trading by leveraging Immutable X, a decentralized protocol. This integration will help OpenSea to provide their user’s increased scalability, instant trade confirmation, and the best of all, zero gas fees. 

Partnership with Immutable X

“Integrating Immutable X enables us to offer users a gas-free trading experience without sacrificing the security of the Ethereum network,” said OpenSea Head of Product Nate Chastain. 

He continued, “We’re rolling this out for … future game developers and players on OpenSea who will benefit from this scaling solution.” 

Immutable X according to a press release is capable of processing over 9,000 transactions in a second. OpenSea is one of the largest NFT marketplaces that has become popular in the digital art community by tokenizing everything from music, art to digital wearables. 

“OpenSea’s support is a massive addition to Immutable X and a step forward for scaling Ethereum NFTs,” said Immutable co-founder Robbie Ferguson. “We look forward to supporting their insane exponential growth with our protocol.”

OpenSea, a robust NFT marketplace

To support this venture, the company recently raised over $23 million in its latest rounds of funding. The funding was led by Andreessen Horowitz, a Silicon Valley venture capital firm. Among the angel investors, there were few popular names such as  Naval Ravikant, Alexis Ohanian, Mark Cuban, Dylan Field, and Linda Xie. 

Started in 2017, OpenSeas has become immensely popular among NFTs enthusiasts which are bound to increase with this latest Immutable X collaboration. OpenSea also announced support for Tezos-based NFTs which will improve the platform’s efficiency.

With more and more users becoming aware of the potential and capabilities of NFTs, the requirement for a robust NFT marketplace such as OpenSea is also growing. With all of these collaborations and partnerships, OpenSea is equipping itself with the tools to handle the surge.

Know more about ERC 1155

Ethereum brought about a revolution in the blockchain space by creating the first Turing-complete blockchain—i.e., able to solve any reasonable computational issue— that enabled developers to build Smart Contracts. It enabled the creation of various applications, called Distributed Applications, that could leverage Ethereum’s decentralized and secure blockchain while tokenizing specific use cases.

Ethereum has various protocols that can be used for different use cases. More developers can also propose different protocols to enhance functionality. The most popular protocol, ERC-20, enabled the creation of fungible tokens on the Ethereum blockchain. While ERC-721 enabled the creation of non-fungible tokens?—?the most popular application being Cryptokitties?—?that would still be based on Ethereum’s blockchain.

Fungible ERC-20 tokens

Fungible tokens are interchangeable and not unique. They can function as money. A one-dollar bill can be exchanged with another one-dollar bill. These tokens are also divisible. So I can transfer 0.1 of an ERC-20 token to someone.

Non-Fungible ERC-721 tokens

Non-fungible tokens represent a unique value or an asset and hence are not interchangeable like currency. Think of this as a token that represents a book or a painting or the most popular implementation of this protocol?—?Crypto Kitties. Each token represents a unique kitten and it can be traded, exchanged and used for but cannot simply be interchanged with any other token of the same kind. This concept opened up a new avenue for value and assets that could be stored and represented on the blockchain.

Non-fungible ERC-1155 tokens

This protocol is like ERC-721 tokens on steroids. Developed by Witek Radomski, as the Chief Technology Officer for Enjin project, this has primary applications in the gaming sector. Introduction of this token took gaming on blockchain to the next level. Radomski’s journey to improve gaming on the blockchain has been a long drawn one. He was the creator of ERC-721, which was accepted by the Ethereum community and was implemented in various crypto games.

This is before he realized the limitations of ERC-721. In a game, I could transfer an asset to you but most games require multiple assets of the same kind. For example, in a game like PubG, one would need 10 rounds of ammunition for a gun or in another game I could need 10 swords. Here, Sword is a non-fungible token but having ten such swords is the exact use case for games. This use case is not solved using ERC-20 or ERC-721 protocol. As per Radomski, “mainstream games need an evolved token”.

Need for ERC-1155

Modern games like World of Warcraft are often very complex and have tens of thousands, if not hundreds of thousands of items. These items could be deployed using ERC-20 tokens, but they require deploying separate smart contracts for each of the item type. A game with 100,000 items with separate smart contracts and blockchain entries for each one of them will be highly inefficient. For instance, it would require a contract for swords, a separate contract for grenades, a separate contract for the reward items and each of them need to be invoked at some point to transact in that item.

This scenario requires a developer to create a contract every time you want to add an item or edit / delete it. It is as inefficient as needing a developer to add/edit/delete pages of a media website that is mostly populated of content by journalists or writers.

It is a big redundancy because the contracts would all have the same code with minor tweaks. But because of the nature of blockchain, every node would have to store every bit of information with itself. So every node keeping track of 100,000 items in just one game is costly.

What does ERC-1155 do?

ERC-1155 clubs all these items in one single contract. That means 100,000 tokens are operated from one single contract where most of the information is the same barring a few details that help distinguish the items from each other. The contract treats these items as a collection.

Multi-transfers

Swapping these tokens is one of the most important transaction types. This is achieved by atomic swaps. In a traditional atomic swap, there are four steps. To explain this in simpleeasy terms, it is like checking out every item separately. If I want to buy four items from a supermarket, I can checkout, pay and get the receipt for all four separately. Now imagine this process with a thousand items and you see the magnitude of inefficiency we are talking about here.

ERC-1155 is designed to club all of this into one transaction?—?a shopping cart with multiple items and one receipt. This would not only be efficient for the user/game but also reduce congestion and Gas fees on Ethereum blockchain.

Fungible and Non-fungible in one token type

Current blockchain games are too simplistic. But with any modern game, the complexity of the narrative and story will most likely demand a different type of assets and therefore requiring both fungible and non-fungible tokens to be used. In a typical modern game, assets like weapons, ammunition is a fungible asset. Each one is not unique from the other. They can be traded, earned, gifted or bought.

However, a history, provenance, or identified unique weapons may require non-fungible tokens. These are unique and still may be traded, bought, earned or gifted.

Combine this with the fact that the game developer would want to create many such items in bulk and have a number of machine guns and a number of non-fungible items as well. Normally ERC-20 and ERC-721 are in different silos and do not allow for swaps but ERC-1155 makes it possible to swap these tokens as the user or the game developer wishes.

Conclusion

ERC-1155’s application has the power to will take blockchain gaming to the next level. Although its applications are not limited to gaming, gaming can greatly this industry benefits from the most with the kind of flexibility that ERC-1155 provides.