VR And Crypto: Bridging New Technologies Together

The world of virtual reality, known as VR, has been expanding a lot lately. Meanwhile, the use cases for cryptocurrencies have done the same.
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There is a new link in the technology industry where VR and crypto are now working together in creating new virtual experiences.

More and more cryptocurrency news events and meetings are being hosted in VR rooms or platforms. Meanwhile, the blockchain based virtual worlds and platforms are being launched as well, making use of their own cryptocurrencies to enable their virtual netizens to purchase in-world items.

If you are wondering whether this is an emerging trend or only a niche segment of the crypto ecosystem, there are a couple of different answers.

In times when the coronavirus has effectively canceled meetings, cryptocurrency conferences and other meetups, VR and crypto are working on a new mission – to give users a way to meet and learn without increasing their chances of catching nasty infections or worse yet, the deadly COVID-19 virus from their fellow attendees.

Believe it or not, since February, there has been a big number of Bitcoin (BTC) and other crypto meetups that have been hosted in VR. The first one seems to have taken place on VRChat on February 15, when the developer Udi Wertheimer arranged a virtual social gathering which was also attended by other prominent Bitcoiners including Eric Wall, Brad Mills, Hodlonaut, and Meni Rosenfeld, Chairman – held at the Israeli Bitcoin Association.

VR and crypto are moving forward at a fast pace with these meetups. As the coronavirus pandemic shows no signs of abating, the first virtual crypto conferences are being scheduled – one of them is the Consensus 2020 which was initially scheduled to take place in May in New York. With the change of plans, the Consensus 2020 conference “will now be a completely virtual experience, where attendees from all over the world can participate online at no charge.”

At the moment, VR and crypto events are not that widespread but it is expected from them to dominate the news and headlines in the near future. As the Blockstream CEO Samson Mow recently told the media:

“There is even a group [on Telegram] led by Udi Wertheimer called Bitcoin VR Degenerates that is quite active and Udi has been regularly hosting Bitcoin VR events for the past month.”