|augmented reality||ERC-721||SPH token||Spheroid Universe|
The community of Spheroid Universe now completely relies on the native SPH token to buy virtual spaces. These tokens are locked in the platform for the time being, as the developers are working on enabling withdrawals and KYC procedures in May 2021. Spheroid Universe is a platform that allows space-owners to add advertising, images or games at physical location through a digital interface.
The project caught my eye when the SPH token showed 135% increase in the past 24 hours, and more than 1600% in the past week. With a value of $0.40, the token skyrocketed from its lowest point at $0.00003862 in August 2020. What is this project?
Spheroid Universe is all about augmented reality. They have developed their own scripting language, allowing other developers or users to add digital items or entire programs. These can then be showcased as spaces, a bit like virtual land, that’s tied to a real-world location. Technically you could buy Time Square, put your advertisement there, and then everybody who uses the app can see it.
Tell me more!
They refer to their universe as an extended reality. This virtual layer on top of our planet is parceled out into plots, and these are so-called Spaces. Each space is an ERC-721 NFT. Interesting is that the developers claim that a Space ‘is intellectual property created, registered and protected on the basis of and in accordance with the laws of the European Union’. They make it sound like you own actual, physical land… in the legal sense. Don’t ask me what that would mean for your taxes.
The developers position Spheroid Universe as a new advertising market, where Space owners earn a share of the ad revenue. So, as a Space-owner you don’t have to build something yourself, you can also rent it out.
They also promise that every VR helmet will support the software, while phones of course also do their thing. According to their official website, 300 thousand Spaces have been sold already across 54 different countries.
It’s still very early. This is definitely not investment advice. However, it’s interesting to know that these developments are taking place. Spheroid Universe isn’t the only one. There’s also a project called SuperWorld, which basically does the thing.
On the official website they have a marketplace. The cheapest parcel is a piece of land somewhere in a forest in France. It costs only 0.03 ETH, but it’s also very likely that hardly anybody will ever go there. A piece of land in the southern parts of Paris is listed for 0.1 ETH, which already seems more interesting. However, the real hot spots would be the Champs-Élysées, or the area near the Colosseum in Rome, or of course Time Square and Hollywood Boulevard.
Spheroid Universe is obviously still in its early days. That doesn’t stop people from speculating. Someone acquired a virtual Space in the middle of Disneyland Paris or Universal Studios Florida. For 5000 ETH or $8.6 million they will sell it.
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Robert Hoogendoorn is a gamer and blockchain enthusiast. He got in touch with crypto in 2014, but the fire really lit in 2017. Professionally he’s a content optimization expert and worked for press agencies and video production companies, always with a focus on the video games & tech industry. He’s a content manager and creator at heart, working on Play to Earn and for a variety of third party magazines and websites.