Check Vault Hill City Current Price Today.

$0.001234

-0.93% (24H)
  • Market Cap $120,575
  • Volume $29
  • Available Supply 97.74 M VHC

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Date Price Volume MarketCap
# Exchange Pair Price Volume (24h) Updated Trust Score

Vault Hill City current price is $0.001234 with a marketcap of $120,575. Its price is -0.93% down in last 24 hours.

"Vault Hill aims to create a metaverse called Vault Hill City (VHC) – a collection of virtualshared space including the sum of all virtual worlds and the Internet. In VHC, users caninteract with computer-generated imagery (CGI) and other users. We believe eXtendedreality (XR), a mix of virtual reality, augmented reality, and mixed reality is at the forefrontof enhancing human experiences whilst leveraging the power of blockchain, artificialintelligence and cloud computing technologies. This supports the innovation of Web3.0.VHC proposes to build the first extended reality metaverse focusing on themes of thebasic human instincts, such as curiosity, vision, community, idealism, vitality, romance,and imagination. In building this, we are starting with the infrastructure of themetaverse, which is virtual real estate and a product – Virtual land ($VLAND), a non-fungible token (NFT). The virtual real estate will be designed using urban planning togive developers and users a sustainable and dynamic experience.Market Conditions:As more decentralised metaverses are created, standardising the use throughout theBlockchain is imperative. In the current state of play, real estate prices fluctuate, landparcels frequently remain undeveloped, and v-commerce adoption is limited.Furthermore, the XR hardware is not cost-effective, adding to other market factors thatchallenge the virtual real estate space and widespread adoption.Problem Assessment:The key challenges are the lack of intuitive and rich user experience for users,substandard in-built metaverse developer applications for content developers. This ismainly due to poor development as most metaverses leverage open-source applicationswith poor CGIs and output; coupled with poor mesh optimisation.Ramifications and Repercussions:Poor CGIs negatively impact the fully immersed and interactive user experience coupledwith several factors that have slowed VR/AR technology adoption rates.Notwithstanding, significant upsides remain for VR/AR technology and the industry as awhole. According to Goldman Sachs, the VR/AR industry had a value of $40.4 billion($24.1 billion – software and $16.3 billion – hardware) as of 2020 with a predicted valueof $80 billion ($35 billion – software and $45 billion – hardware) by 2025.The promise of a Better Solution:Vault Hill aims to build an extended reality metaverse that makes us feel a bit morehuman every time we visit. A limitless world with a guiding principle to enhance thehuman experience."