The Metaverse Paradigm,A Collision Of Reality and Fiction
The Metaverse is the core concept that powers the vision of creating a virtual world, facilitating experience, identities, and persistent presence for both individuals and businesses within that world, and how it relates to their real life.
With the emergence and broader adoption of blockchain technology and the blockbuster success of decentralized finance and decentralized applications, the world of Web3 projects has gained a lot of attention from the public. Now more than ever, the crypto community is set to define the way we live, learn and play in the near future.
What Is A Metaverse?
A Metaverse is a Web3-based public platform of decentralized and open services. It’s also a collective virtual shared world, full ownership of virtual property forever protected by the decentralized ecosystem that the metaverse exists within.
The word metaverse is a derivation of the term “Internet”, a virtual space; that’s why it’s sometimes also referred to as a web 3.0, a network of worlds and a shared universe. The idea of the metaverse is to create a virtual space where people can communicate and interact in real-time, not via a website or a social media platform, but in an almost real and physical feeling space. A metaverse may be seen as a “real” universe. The idea of a metaverse was first introduced by science fiction writer Neal Stephenson in his novel Snow Crash, a story about the development of a virtual reality world, which is made possible by the invention of a micro-computer. Although the novel was published in 1992, the metaverse is still a concept discussed, especially after the invention of VR, AR, and MR technologies.
Imagine a future where the virtual and the real world are connected seamlessly, where we can create and share new experiences with just a thought.
The Race To Adopt The Metaverse
Increasingly, businesses throughout the world are slowly incorporating virtual technologies into their agendas.
With the rebranding of "Facebook" to "Meta," Mark Zuckerberg hopes to better capitalize on the ever-expanding opportunities presented by Web 3.0 and the metaverse.
With the launch of its new virtual reality technology, Microsoft is jumping into the race to create a metaverse within Teams. According to Bill Gates, the majority of virtual meetings will shift to the metaverse, a 3D environment with digital avatars, within the next two to three years.
Nike completed the acquisition of a virtual shoe company, the first indication of the brand's interest in the metaverse and non-fungible tokens (NFT).S
Adidas stepped into partnership with Punks Comics, Gmoney, Bored Apes as part of their adaptation to the metaverse.
Decentraland has entered into an agreement with Barbados, a Caribbean nation, to formally declare digital real estate in order to build the world's first virtual consulate.
Metaverses will develop into a fully functional economy within a few years, synchronizing and integrating into our daily lives in the same way that email and social media channels did previously.
The worldwide market for products and services in the metaverse will soon be worth $1 trillion ,based on the number of people using virtual reality and augmented reality devices.
Virtual reality worlds, such as those found in video games, could be facing significant growth, a new report from Juniper Research has forecast. The research estimates that the total value of all virtual gaming worlds will reach $400 billion by 2025, up from $11 billion in 2017.
The third quarter of 2021 was a great quarter for the cryptocurrency industry. Investments in blockchain startups, with the total amount of funding coming in at a whopping $8.2 billion, with $1.8 billion allocated for Web 3.0 and non-fungible tokens (NFTs).
ZenCapital.VC fund Metaverse & Gaming investments
The Venture Capital fund Zen Capital fund Early investments in the P2E Gaming & Metaverse ecosystem include : Mars4 , Eartha, Moon, Venus, Aarmaldia, Eeversol.world, Zomfi, SolChics, Monstropoly, Zen Fighters, Momentibles, Wizardia, Spellfire as well as Ready Player DAO and many more in the pipeline Web3 Startups taking part of Gaming industry transformation.
The Metaverse is just beginning, as this revolution unfolds, the Metaverse will radically change every aspect of our lives.
SolChicks - Zen Capital’s Unicorn Investment
Zen Capital is one of the most active funds in the crypto sector. The fund has invested in a number of projects in the field of decentralized finances, metaverses and blockchain-powered games.
SolChicks, a blockchain-based game, has received investment from Zen Capital and, in a short time, attracted the attention of many investors. The project is currently in the final stages of development, with a working demo available on their website.
We were happy to support SolChicks early and see on 2021 December 14 them reaching a 3.4 billion valuation on Coinmarketcap.
SolChicks is the Solana ecosystem's fastest-growing and largest play-to-earn massively multiplayer online role-playing game (MMORPG). With over 700,000+ members across Twitter, Discord, and Telegram in just three months since its initial launch on September 3, 2021.
More than 70,000 people have played the SolChicks playable demo, and on November 26, 2021, SolChicks held a world-record IDO on 30+ launchpads at the same time, setting a new record for simultaneous IDOs.
Project Fundamentals & Technical Situation
The price is currently settled between $0.2 and $0.25, signaling an accumulation phase for the token until the game’s full release.
A Play-to-Earn Gaming System for a Competitive Game
SolChicks are highly customizable, and their appearance is determined by the character's primary and secondary stats. These attributes are critical because they influence the health and damage output of your SolChick, as well as their power levels, among other things. Stats can be improved by using NFT attributes/items purchased and sold in the game. SolChick classes will become available to you if you have progressed to a certain level with your character. When you reach a higher Endgame level, you can enter the Masteries, which will allow you to enhance your power levels even further. These changes are intended to provide players with a more distinctive and enjoyable experience as they progress through the game!
The SolChicks gameplay incorporates many features that allow users to form relationships with their SolChicks. SolChicks’ unique pet gameplay, users can connect their SolChick in a variety of ways, and depending on how they interact with her; this might result in either rewards or losses.
Feeding and playing with your SolChick, or the lack thereof, will have an impact on your battle ability, either positively or negatively; therefore, it is critical that you keep your SolChick in good health.
Further exclusive feature is SolChick breeding, which is a rare privilege available only to users who have SolChicks that have reached Level 45 on the Progression Level tier. Users can theoretically hatch a SolChick with more unusual traits than its parents, but at a cost to the player's account.
ZenCapital.VC fund Metaverse & Gaming investments
The Venture Capital fund Zen Capital fund early investments in the P2E Gaming & Metaverse ecosystem include : Mars4 , Eartha, Moon, Venus, Aarmaldia, Eeversol.world, Zomfi, SolChics, Monstropoly, Zen Fighters, Momentibles, Wizardia, Spellfire as well as Ready Player DAO and many more in the pipeline Web3 Startups taking part of Gaming industry transformation.
The Metaverse is just in the beginning, as this revolution unfolds, the Metaverse will radically change every aspect of our lives.
Zen Capital Invests in Solana ecosystem: Alfprotocol
Zen Capital has completed an Angel round investment in Alfprotocol - a decentralized leveraged liquidity provision dApp built on the Solana blockchain.
With a portfolio that includes market-leading companies like SolChicks, Mars4, SpellFire, and Ertha, Zen Capital is one of the most active crypto funds , with interest in Web3, Play-to-earn (P2E) games, Metaverses and decentralized finance.
Leveraged Liquidity Provision and Yield Farming
Alfprotocol chose to build on Solana's blockchain to expand on decentralized liquidity provision and yield farming platform, allowing for previously unseen leverage in a variety of applications.
To maximize liquidity provision (LP), the protocols will efficiently handle capital deployment between traders and investors. This will be accomplished through AlfMM (a decentralized exchange service) and AAlf (an overcollateralized borrowing service) for unleveraged liquidity and via external protocols that are handled by one of the protocols associated with Alfprotocol.
Users can enter leveraged positions in a variety of assets using the Alf Leverage Protocol. The Alf team originally expects two key uses for the protocol: leveraged long/short transactions and leveraged LP yield farming.
An Alternative Investment Platform to Facilitate More Liquid Markets
Regardless of the benefits of liquidity depth and user experience, centralized exchanges were extremely troublesome in and of themselves. Hacks, scams, fraud, regulatory shutdowns, phishing, market manipulation, unscrupulous insider market makers, artificially inflated volumes, exorbitant fees of listing, and other issues have plagued the business in recent years. Over the years, several preventative and mitigation measures have been put in place; however, centralized platforms have kept their original flaws.
Through the connection of low-risk, low-effort investors who provide liquidity to lending procedures with risk-seeking, active management investors who concentrate on leveraged liquidity provision and yield farming positions, Alf helps to improve capital efficiency and facilitate more liquid markets.
Zen Capital is excited to support the team behind the Alf Protocol and believes it to be an instrumental tool in the coming years. For more information please visit the following link.
ZenCapital.VC fund DeFi & Protocol investments
The Venture Capital fund Zen Capital fund early investments in the HyperC Dex, AlfProtocol, Soldex, AdaLend and many more in the pipeline Web3 Startups taking part of DeFi industry transformation.