Map2Earn to help merge physical and virtual worlds

cointelegraph.com:

Blockchain has been fostering the development of new and often unpredictable markets and economies driven by demand for innovation. From unprecedented crowdfunding mechanisms to play-to-earn (P2E) and move-to-earn (M2E) models, decentralized technology is empowering communities like never before.

One of the next big things in today’s tech revolution is the so-called Map2Earn — an emerging and fast-growing trend revolving around an economic model that incentivizes people to scan physical locations and buildings for 3D mapping. While this is not an independent market yet, Map2Earn may play an essential role in augmented reality and the Metaverse. Both are multibillion-dollar markets and are expected to expand rapidly in the following years.

Some analysts expect the Metaverse market to exceed the $1 trillion mark by 2030. The AR and virtual reality market may grow to about $500 billion by that time.

Many AR and Metaverse use cases involve simulations of a map. The ecosystem will soon require Google Map-like alternatives. The Map2Earn model will accelerate the creation of quality 3D maps with the help of communities, with participants being incentivized for their effort. While the requirements differ from case to case, most often, users are invited to take pictures of physical locations with their smartphones.

Map2Earn has some great benefits that anyone with a smartphone can leverage. Unlike other similar trendy economic models, such as P2E and move-to-earn, which require more effort, Map2Earn can reward users simply for taking a few shots while taking a walk, going to the office or traveling for fun.

Thanks to Map2Earn, blockchain and Metaverse projects with large communities can build detailed 3D maps of the physical world and