Earlier this month, DEIP, an ecosystem that connects Web3 with the creator economy, officially launched its DEIP Metaverse City.
The metaverse has been touted as the next trillion-dollar industry, with analysts predicting that the market could reach $13 trillion by 2030. It, therefore, comes as no surprise that there has been a lot of action in the space of late.
The DEIP Metaverse City is the first virtual city built by creators, meta-architects, and 3D artists. Built on Arhead Metaverse, the project will allow creators from across the globe to interact in the virtual world, as well as tap on DEIP technologies to facilitate the transition to Web3. Notably, creators will have access to the necessary tools needed to create businesses and tokenize, control, and monetize assets.
The metaverse city is the result of a collaboration between Arhead Metaverse, BALAGAN creative agency, and ATRIUM architectural studio. Along with DEIP, the teams have worked to recreate a duplicate of the company in a virtual environment. And the outcome is a sequence of five unique typologies, including a three-story high exhibition space, a boulevard, a maze-like environment of many intersecting streets, tunnels, and a square with an amphitheater.
“We like to create lively, visually diverse environments, where the city unexpectedly unfolds to the viewer and we have implemented these qualities in our project. Of course, we had much more flexibility compared to working in the physical realm. Overall, we've managed to bring together different kinds of urban spaces that visitors might find in some cities,” the ATRIUM architectural studio stated.
Commenting on the protocol, the CEO and co-founder of DEIP, Alex Shkor, explained that his company was building the core infrastructure to power a seamless transition from Web2 to Web3. He said:
It was important for us to open the space where creators could meet each other, collaborate, learn more about the latest technological developments, and move towards the decentralized creator economy. DEIP Metaverse city is a great example of a project that has become a meeting point for talented creative minds. Already during the first day, the city was visited by representatives of Metapurse, Centre Pompidou, Fondazione Giacomo Brodolini, Mubert, and many others. This is just a beginning.
Interestingly, six projects are already tapping on DEIP’s technology, including “phygital” metaverse ecosystem platform Arhead, NFT ticketing solution Legal Music, and virtual architecture and design platform Dearch.space.