British tech startup Vault Hill announced on Friday the launch of a new website ahead of its Initial Land Offering for its Metaverse platform and a further pre-sale of the firm’s Vault Hill City (VHC) token.
The London-based enterprise’s Metaverse platform revealed its ambitious plans to reshape human interactions with the digital world with a mix of virtual and augmented reality, (VR/AR) technologies and the blockchain to build its extended reality (XR) world.
The website also hopes to communicate the Vault Hill’s approach to how users interact with XR technologies and become its gateway to its upcoming Vault Hill City.
Users can create bespoke avatars to navigate the virtual world, which will operate as their unique digital passport and identity as well as a means of protecting privacy and data, the company said.
Jimi Daodu, Vault Hill Founder, said,
“By leveraging extended reality, blockchain, and artificial intelligence technologies, we aim to create a metaverse that focuses on the principles of create, experience, and share which enhances the human experience”
The company’s Metaverse platform will create a virtual shared space for users to interact with real-time 3D (RT3D) content and other users represented by avatars to merge VR and AR technologies.
Along with blockchain, Vault Hill’s platform will also leverage emerging technologies such as cloud computing, artificial intelligence (AI), and non-fungible tokens (NFTs), and hopes to build user interfaces for developers to boost adoption and monetisation of such technologies with smart contracts.
Content creators can use the platform to address issues on incentives and lack of content ownership, while investors can voice concerns on unsustainable returns on investment (ROI) or value creation.
New Executive Board Appointments
The announcement comes after Vault Hill appointed Nigerian hip-hop artist MI Abaga as its Creative Director, signalling a major shift to promote the company’s vision of building the Metaverse.
Vault Hill Names M.I Abaga as its Creative Directorhttps://t.co/zRL22PGbKh#Ad #Sponsored
— Techpoint Africa (@Techpointdotng) October 29, 2021
According to Daodu, MI Abaga’s addition to the enterprise’s executive team was “a step in the right direction” to promote the brand’s growth and “foster our culture, values and ethos as an organisation.”
Lavinia Osbourne, Director of Butteryfly Wealth Management, also joined Vault Hill’s advisory board to build relationships with key blockchain firms such as Cointelegraph, Gemini, and Polkadot, among others.
Osbourne is also an award-winning host and founder of Women in Blockchain Talks, which discusses women leaders in the blockchain industry.
The announcement comes as several Metaverse firms revealed major rebrands and product launches, including Facebook, who rebranded as Meta at the Facebook Connect event and unveiled several key products and technologies as it outlined the company’s next phase of operations.
Other Metaverse firms such as Boson Protocol, NVIDIA, NexTech AR, UpWorlds, STYLY, Delta Reality, and many others have developed similar initiatives for building digital marketplaces, hosting virtual events and concerts, and facilitating training and instruction for groups.
