SkillGaming to Catapult Metaverse Development into a New Reality
We are delighted to announce that Skillgaming.com recently attended the World Metaverse Show at the Address Hotel Dubai Marina from 5–6 October 2022 to showcase our metaverse project codenamed “Escape”
🤷♀️ Why Dubai? 🇦🇪
As we are all aware, many countries are experiencing a paradigm shift in their approach to the economy as a result of the current pandemic, and they are discovering brand-new ways to bring revenue into their various countries, most significantly through digital transformation.
We chose Dubai to debut our metaverse because it is a very majestic country, and we saw how they were at the forefront of empowering the development of Web 3 and the metaverse. Dubai plans to take advantage of a $30 trillion market opportunity and be the first in the region to host metaverse events that will explore the digital economy and identify how governments, businesses, and communities can unlock the vast potential of this immersive medium, spearheaded by Dubai Crown Prince Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum.
He aims to make Dubai one of the top ten metaverse economies in the world, as well as the epicentre of the metaverse community, by attracting thousands of blockchain and metaverse companies and providing more than 40,000 virtual jobs by 2030. We plan to align our strategies to his, as it fits our future vision like a jigsaw puzzle.
🌍 What is the World Metaverse Show?
From October 5–6, 2022, Skillgaming had the chance to participate in the World Metaverse Show at the Address Hotel Dubai Marina and present the first iteration of our metaverse project, code-named “Escape”—https://escape.vision.
The World Metaverse Show is a thought-leadership-driven, business-focused, global initiative that brings together digital builders, entrepreneurs, investors, governments, enterprises, technology providers, and experts from gaming, 3D, VFX, XR, Web3, and beyond.
The show has exciting keynotes, enterprise use cases, product showcases, panel discussions, and tech talks about the trends and challenges of implementing technology, which will shape the future of the metaverse, virtual reality, and how it is used.
SkillGaming was represented at the World Metaverse Show by Karen Yap, Head of Business Development for SkillGaming and Escape.Vision. She was with Zen Zijlstra from the Hatchworks VC Investment Wing, which invests in SG Web3 Gaming and Metaverse Vision, and her Metaverse Unreal 5 development team, Vignesh, Dinesh, and Naveen, who work hand in hand with the SG team to help turn the Escape metaverse vision into reality.
🧠 Meeting New Friends and Like-Minded People
Like a magnet, this event helps bring together bright and like-minded individuals who believe in Web 3 and the metaverse. This event connects CEOs, CMOs, Heads of Departments, Directors, Chief Metaverse Officers, Product Developers, Chief Innovation Officers, Blockchain Developers, Marketers, Influencers, Legal, Investors, and even AI experts from different ministries and industries around the world all under one roof.
As we march on crafting the path to an ideal metaverse, some may succeed and some may fail in this endeavour, but I consider everyone here to be a trailblazer who is propelling this sector forward. We are merely a part of the evolutionary process. Remember, the first mobile phones were the size of a brick, and look where we are now. Consider the internet’s evolution. Everyone was sceptical when it was first introduced, but now no one can live without it. There will come a day when all this will be the new normal.
It has been a humbling experience for the SkillGaming team to present our metaverse codenamed Escape.Vision and we received nearly 99.99% positive feedback on the quality of our metaverse. This event allowed us to determine whether or not we are on the right track with our metaverse development and innovation. We also had the opportunity to learn and educate people about the metaverse, as well as to answer any questions, concerns, or doubts they had. On top of that, we made many new friends and potential partners and investors.
We also discussed the following topics in line with the event flow:
- From “the Industry” to “the Metaverse”
- Adoption of the metaverse will benefit businesses across the board
- The emerging metaverse economy is enabled by blockchain
- Building the metaverse with AR/VR/Mixed
- NFTs as the optimal currency for the metaverse
- Web 2.0 to Web 3.0 & revolutionising the gaming industry
- Cybersecurity and the Metaverse: Creating a Trusted Ecosystem
- Powering 3D models to bring virtual worlds to life
- Building a digital economy through metaverse decentralised architecture
- The emergence of digital fashion in the metaverse
- The metaverse framework and policy making
- Redefining the new rules of brand marketing in the metaverse
Below are some like-minded people we’ve met along the way. Investors, venture capitalists, marketing and public relations firms, media, interviewers, legal, other metaverse and game builders whom we shared our pain points, tips, vision, successes, and learning curves with.
We learned from the attendees of this event that the Metaverse and Play-to-Earn gaming are relatively new to the general public. They are enthralled by the hype, but they do not fully comprehend it.
I feel we can go far if we care to listen and know the “problem” people are facing in the real world, what they need, and think of the “solution” and incorporate it into our metaverse as we continue to build and innovate.
What is the ESCAPE Metaverse?
Unlike other web-based metaverses which are being built using blockchain or Unity, Escape is being constructed differently using UnrealEngine 5.0, proprietary sub-engines, and key elements of both Web 2.0 and 3.0 to deliver an ultra-realistic vision of the future, incorporating key societal, demographic, and technological trends humanity is currently witnessing.
In Escape, the NFTs you own matter. Besides just owning abstract items such as a building or vehicle with the hope it goes up in value over time, you can be a business owner in many popular sectors, powering a part of the Escape economy. Most land, including buildings, landmarks and places of interest, businesses and objects (e.g. vehicles, items, etc.), pay a base yield and a performance yield, depending on a range of factors. This is known as "Hyperonomy".
“We looked at the various economic systems such as fractional reserve and resource based; the conclusion was to borrow concepts from all and create a new economic system that is effort based, still encapsulates the competitive nature of the human spirit, but less focused on outright capitalistic practices and one more focused on sustainable use of resources.” — said Zen Zijlstra, Hatchworks VC Portfolio Analyst and Metaverse Economy
Escape is not like other metaverses. We are technically unique because of the following:
“I have faith in the metaverse and web 3 future. Escape is your go-to utopia that brings individuals and communities together regardless of where they are in the world. We have built a high-quality, immersive virtual world focusing on technology, entertainment, culture, gaming, advertising, education, and much more. Everyone can now own a piece of the dream they can’t afford in the real world. This includes having a business, assets, properties, real estate, land, transportation, job and the ability to monetize them through multiple sources of real yield. It is a win-win situation for every level of the use case” — said Karen Yap, SkillGaming and Escape.Vision Head of Business Development.
Overall, we are happy to attend the World Metaverse Show and are given this platform to showcase our work and know that we are on the right track, so what is needed is for us to keep on nurturing, building, innovating, and striving for the quality metaverse and gaming vision that we believe in, by the people, for the people.
There are a lot of cool ideas bouncing around during the events. One of the ideas discussed is to create an island called “NEW DUBAI” in the metaverse, a future Dubai that we envision, and it will also come with future technology and our own version of Dubai Aquarium, where users can purchase diving gear and use it to dive and experience the aquarium. This will allow those who have a phobia of the deep sea like me to experience the aquarium too in a safe environment.
I’m going to sign off now. Please stay tuned and visit the ESCAPE.VISION metaverse and SKILLGAMING ARCADE. Please contact me at karen@skillgaming.com if you have any partnership, investment, collaboration, reseller, GaaS/MaaS interests, or simply to discuss ways we can synergise.
KEEP SOLDIERING ON AND WE SHALL SEE YOU ON THE OTHER SIDE — AN ESCAPE TO YOUR NEW REALITY!
