MARK.SPACE is an open source platform for creation of 3D/VR spaces and objects of any purpose, as well as their quick launch and integration into a unique ecosystem. The platform is maintained by a crypto economy and is powered by the Blockchain
The MARK.SPACE ecosystem is modelled after the real world economy and has similar features. Real world economy deals with the production, distribution, and consumption of goods and services, where, in well functioning economies, wealth is created and further redistributed. Lets see how a typical economic cycle is implemented in the MARK.SPACE ecosystem.
The MARK.SPACE platform is designed to give users all the tools for VR content creation. The current prototype allows for creation of residential, shared and business VR spaces (offices and malls), filled with preselected or custom elements of furniture, interior design, appliances and multimedia content. In the future, there will be an option to add any user-created digital content like articles, books, paintings and music.
At present, we are developing our own scripting language that is going to make it possible for users to create their own 3D objects and applications. Alternatively, you can already easily virtualize the interior of any existing premises by using a 360° camera and importing it to MARK.SPACE.
Goods and Services Distribution, and Consumption
The MARK.SPACE Shopping area will allow both: the distribution of goods produced in the real world and any content created within the platform. This would include the ability to sell custom elements of furniture and decor created by users (our platform already allows to do this) as well as the entire personal or business spaces purchased earlier. Freelancers will be able to create their own virtual offices for advertising and selling their services. The ability for all users to advertise over common areas (like sidewalks or roads) between buildings and mall interiors will also be implemented. Tokens earned by users could be further used in the value creation cycle.
Distribution of Wealth
Just like with regular real estate, virtual locations will have a long term tendency for appreciation value, due to added 3D details and scarcity of the spaces. Once created, well designed and unique, and filled with quality-content, personal spaces are going to attract many visitors, thus making it a valuable asset from an economics standpoint. A VR store in the MARK.SPACE Shopping district will be transparent, showing its income statement, balance sheet and cash flows, becoming a real asset which can be evaluated using any conventional methods. If there are assets to be sold, businesses like VR real estate agencies could appear, offering their services to the public. With the growing number of users, virtual economies will be flourishing, as demand for MRK tokens used for all transactions on the platform will increase. Users of the MARK.SPACE platform will enjoy the appreciation of both their virtual real estates, as well as the cryptocurrency they hold. The wealth created will be further redistributed.
Enormous computational capacities amassed by cryptocurrency miners are going to serve as a backbone for the new emerging crypto economy. Massive amounts of VR content to be generated in various MARK.SPACE districts will have to be rendered. This provides a great opportunity for yesterday’s miners to get revenue by providing their computational resources for distributed rendering of MARK.SPACE spaces. This is just one of the ways how an internal VR economy extends to real world.
Synergy of Real and Virtual Economies
Products made in the real world will be sold in different stores within the MARK.SPACE Shopping District. Various existing businesses will broaden their presence in the MARK.SPACE Business District. Platform users who have their apartments in MARK.SPACE Residential District will be sharing them via social networks, driving more traffic into all existing MARK.SPACE spaces. New curious visitors will be exploring the areas and entering shopping malls. A painter, for example, would create their gallery (or fully virtualize the existing gallery) in the MARK.SPACE Business District, also attracting users. Virtual and real economies would merge together using the power of synergy to its fullest.
Yana Kontorovich CEO & Founder, PhD in Economic Sciences. Businesswoman, Investor