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Blockchain-enabled virtual reality technology ("VR"/"AR"/"XR"), like the metaverse, is on the cusp of changing how humans interact with each other forever. What used to be the stuff of science-fiction is, unbelievably, accessible at this very moment.
Considering how smartphones revolutionized humanity’s ability to communicate with each other, virtual reality’s effect on human communication will be exponentially more impactful. With blockchain-enabled virtual reality technology, people will be able to have hyper-real experiences that feel as though they are in a location they physically are not.
Further, VR technology will also give humans access to events they never would have had access to ‘in real life’ ("IRL"); people will be able to travel the world, attend concerts & sporting events, and have experiences they have always dreamed of -- all from the comfort and safety of their own homes, or any place in the world. These virtual environments have the potential to facilitate exciting, innovative, and safe spaces for people to communicate, connect over shared interests, and learn from each other.
As is the case with all technology, the blockchain is a tool that can be used or manipulated for different purposes, good and bad. To this point, with technology as powerful as the blockchain and virtual reality, humanity must be extra cautious when it comes to applying said technology in our everyday lives. For this reason, blockchain and virtual reality entrepreneurs must take their obligation to society and the rest of humanity seriously. Thankfully there are a handful of leaders in the space who are intent on using the power of blockchain
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