Metaverse – You’ve probably heard the words Metaverse, NFT, and Web 3.0 over and over over the past few years. Blockchain technology continues to grow while deeply affecting every moment of our lives. However, the Global Esports Federation, a non-profit organization, announced in May 2022 that it had established a new council.
According to this statement, there was talk of a new community where Metaverse-related opportunities will be followed, covering all stakeholders. This new Metaverse council, which has been established, aims to bring together the thinkers and developers who lead the Web 3.0 ecosystem. In today’s article, we discuss the aims of the Metaverse council and what kind of change it will cause in the sector.
Table of Contents
Global Esports Federation
Esports, as you know, is an ecosystem where players strive to get rewards. In addition, Esports is intertwined with the gambling industry as it is the scene of high competition. Betting sites using blockchain technology serve many Esports games. In short, we can say that even though Metaverse and Web 3.0 have not developed, making esports bets with crypto has become extremely common.
In the meantime, there may be some things you need to know before you start betting online. Reading our guide might be a good idea, especially if you’re just starting out.
Now let’s come to the Global Esports Federation. As we mentioned at the beginning of our article, GEF is actually a non-governmental organization. It is a non-profit and Singapore-based initiative. In addition, GEF aims to bring together and develop the Esports ecosystem. Therefore, they are trying to create a new perspective by establishing the Metaverse council.
As you know, when we say Metaverse, games come to mind initially. The spread of VR technology and Blockchain-based NFT games can also signify this. Considering all these, we can foresee that the Metaverse council is necessary.
Finally, let’s listen to the words of Hugo Philion, who will chair the Metaverse Council. In an interview with Coinspeaker regarding the Metaverse Council, Hugo said:
“Esports presents boundless potential and a world of opportunities for blockchain applications. I look forward to collaborating with the team, empowering individuals and communities to take better control of their collective futures and experiences, and interact with each other in ways not previously possible,”
Metaverse and Web 3.0 technologies continue to reflect on all sectors and brands. We think many entertainment industries, especially gambling, will transition to Metaverse in our developing world. The Metaverse council will also ensure the transition by adopting Esports organizations first.
Metaverse and Game World
Whether the gaming community will welcome the emerging Metaverse concept is a mystery. In fact, Kotaku, one of the leading news sites in the gaming industry, expresses that they are seriously disturbed by this situation. A recent news report talks about NFT and Web 3.0 as money pits, revealing their displeasure. However, despite this, they want to implement game world projects, mainly MMOs, in the Blockchain industry. And we want to say that this community in the game world is strong.
Final Words
We don’t know if the Metaverse council will achieve its goals. However, we think that they have taken a good step in the long run. Because there was almost a gap between game world communities and Web 3.0 developers. We think that together with the Council, both sides will come together and create different communities.
If you want to keep getting news about crypto and blockchain world, follow us. We regularly prepare articles on Esports, gambling and blockchain industry. As we finish our article, don’t forget to take a look at our guide on what Blockchain is and what we can use it for. Have a nice read.
