Blockchain and virtual reality have been gaining popularity for years with augmented reality not far behind. With the gaming industry already switching to cryptocurrency with its play-to-earn models and tokens like AFFYN and DeRace, it’s getting interesting to say the least.
The AFFYN team is developing a metaverse that merges real and virtual reality worlds in an augmented reality metaverse called Nexus World. This team has geo-mapped the entire world and is building a mobile geolocation-based gaming metaverse.
Additionally, Nexus World users who earn FYN don’t have to convert their earnings into fiat currency to use that money in the real world. And, what makes Nexus World even more interesting is that it allows players to start playing and earning without having to pay any initial fee. Yep! This is really cool stuff!
Now, Google has announced it is entering the crypto space as blockchain technology and other next-generation distributed computing and data storage popularity grows. Google is developing this technology under the “Labs” group division. This division is focusing on augmented reality and virtual reality along with their other in-house project.
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The mega-conglomerate is making it no secret that they will be entering the crypto world as blockchain technology usage continues to grow in the marketplace.
Alphabet Goes Crypto?
Google is preparing to make its long-awaited entry into the crypto-sphere. The company is tasking engineering Vice President Shivakumar Venkataraman to lead the division under the ‘Labs’ group.
Bloomberg obtained an internal email last month that indicated the division is set to focus on “blockchain and other next-gen distributed computing and data storage technologies.”
The move comes as other big tech corporations like Meta continue to shift towards blockchain tech. Google already services blockchain companies like Hedera, Theta Labs, and of course Dapper Labs.
The Labs group is a division within Google that serves to put forward the many new innovative tech the company plans on rolling out. The division focuses on augmented reality and virtual reality and also hosts other projects like its in-house incubator Area 120.
It is expected that any initiatives to shift towards accepting cryptocurrency payments from end-users will come from within this division.
“On web3, we are definitely looking at blockchain, and such an interesting and powerful technology with broad applications, so much broader, again, than anyone application,” Sundar Pichai explained during the company’s Q4 earnings call in early February.
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