8 Circuit Studios plans to sell tokens to build blockchain-based Metaverse


8 Circuit Studios is launching a cryptocurrency token sale so that it can raise funds to build a blockchain-based platform for the metaverse, the digital universe imagined in the novels of William Gibson and Neal Stephenson and presented in the films Ready Player One TRON and The Matrix .

The company will hold a token sale for cryptocurrency, 8 Bit Tokens, and will launch other integrated products with blockchain in the coming weeks. Blockchain is a decentralized ledger able to verify the uniqueness of digital objects. This means that users will be able to claim the objects they own and transfer them from one virtual world to another. This is one of the requirements of the imagined metaverse, which is like a collection of interconnected worlds that share a common basis for commerce.

8 Circuit Studios (from the name of a theory on the human nervous system) in Seattle has many veterans from games, and hopes to develop a new ecosystem in which all participants – players, developers and publishers – can collaborate and work together to realize the Metaverse sooner than we think possible.

  D-PARC aims to create blockchain accessible to all players.

Above: D-PARC aims to make the blockchain accessible to all players.

Image Credit: 8 Circuit

The company said it will use blockchain technology in new ways – offering additional functionality beyond the basic currencies that developers can integrate into their games – to create living, breathing and virtual worlds that players can not simply explore, but exist within and move between them. [19659002] Token sales will be the first step towards building Metaverse, a universe of fully digital online universes and a huge gaming ecosystem. This new Metaverse will offer an opportunity open to other game developers and publishers to create shared experiences for players. Using the Ethereum blockchain, 8 Circuit Studios is able to create, assign and safeguard digital assets – which you can own and store, along with your cryptocurrency, in a virtual portfolio, the company said.

The key innovation of 8 Circuit Studios are intelligent gaming objects, which will allow unprecedented new ways for players to interact with their games. The company is currently developing its first two games using this technology, Alien Arsenal: Battle for the Blockchain and Project Genesis.

Blockchains can provide truth and skill for digital objects – an idea shared by the likes of Philip Rosedale, who is incorporating blockchain into its high-fidelity open source virtual reality platform.

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