VR Platform High Fidelity to сreate Virtual World on EOS

Virtual reality platform High Fidelity hopes that using blockchain they can reach an audience of a billion people and have raised $35 million to do so
29 June 2018   1831

During Series D fundraising round a $20 million investment by Mike Novogratz’s Galaxy EOS Ecosystem Fund was gained. Also there were attracted such existing investors such as Breyer Capital, IDG Capital Partners and Vulcan Capital. 

The CEO of High Fidelity, Philip Rosedale is also known as the creator of the highly popular virtual world Second Life. He is creating a blockchain infrastructure to back a billion VR customers and has already constructed a native cryptocurrency and digital-asset registry.

The High Fidelity platform is currently in beta, so it has been partly launched. The headsets that will really take us into the big consumer market are not available just yet. A lot of our early focus is on location-based facilities.
Philip Rosedale,
CEO, High Fidelity

In the virtual reality, the users will access tokens regulated by a tablet-like device to purchase goods licensed by real-world merchants. Rosedale provides the scenario of a person wanting to look cool in VR acquiring a pair of Rayban sunglasses. The purchase and virtual sunglasses would then be recorded by the merchant on the EOS blockchain platform. 

The head of strategic partnerships (Galaxy Digital), Sam Englebardt claimed on the matter: 

It’s a global phenomenon that fundamentally requires a trustless consensus mechanism for currency, property and identity.
Sam Englebardt
Head of Strategic Partnerships, Galaxy Digital 

High Fidelity is aimed to enter in the Metaverse or the universe of virtual reality worlds. Rosedale ran Second Life in 2003, and this gave birth to a cryptocurrency named Linden dollars. That produced above $4 billion globally in virtual transactions. For the new virtual world, he will use blockchain to create a token called High Fidelity Coin. It is a stable coin paired to the US dollar,  the digital money will be needed to apply the VR platform.

Diffusion 2019 to Gather Crypto Hackers in Berlin

World most interesting tokenised protocol teams joined forces to create one of the biggest devconf in the world
20 September 2019   253

19th-20th October 2019, Berlin, one of the IT capitals of the world, will gather representatives of blockchain, AI, IoT and Big Data industries across the globe. 350 developers are going to test their skills, by hacking with 25m+ lines of open source code. Thousand of prizes awaits the winners.

This two-day event will focus on the practical application of open-source distributed ledger technology, smart contracts, machine learning and programmable tokens, to create a new data layer.
 

Diffusion

Diffusion 2019 Attendants
Diffusion 2019 Attendants

The conference will last for two days and is focused on the practical usage of open-source blockchain technology, machine learning, programmable tokens and smart contracts with a goal to create a new data layer. 

If you are not a skilled programmer, you will find what to do, Join panels, chats, workshops. Discuss the latest topics, such as token economics, blockchain for enterprise, AI, deep learning and more. Whether you are a dev, work in IT or tech industry, geek or just interested all that new - this is a place for you. You will be able to discuss things and share knowledge with lead developers, professors, start-upers and CEOs.

Part of Diffusion 2019 Attendants
Part of Diffusion 2019 Attendants

The event will take place at the Factory Berlin.

Hype.Codes team is happy to report that our journalist is going to the Diffusion 2019 too! Anton will provide you, our dear readers, with the freshest news and announces straight from the Factory.

Also, check out the latest conference's partnership with ETHBerlin.

And now the most interesting thing. You will be able to to take part in a hackathon for free!

Apply for free place at Hackaton now!

Not a coder, but still want to attend an event? 

Get your ticket here!