The crypto exchange platform Coins launched the country’s first-ever VR Avatar Studio to help Filipinos tap the opportunities of the metaverse.
On January 19, 2023, Eprom Galang, Coins general manager, said it lets people turn their NFTs’ Profile Picture (PFPs) into avatars to create unique online content.
Also, Galang noted that the Philippines is a global leader in NFT and metaverse adoption, and Avatar Studios will help young Filipinos gain new opportunities.
How does Coins VR Avatar Studios work?
Coins is an online service that lets people buy, sell, and store cryptocurrencies. The latter is a digital form of money that uses a decentralized computer network called the blockchain.
Despite the crypto bear market, the technology continues to impact various industries. For example, the Philippines uses blockchain to track fruit deliveries.
Moreover, the decentralized network provides other services, such as NFT art.
The acronym stands for “non-fungible token,” which records ownership of digital and physical objects via blockchain.
However, the company always looks forward to the future for new opportunities. Eventually, it decided to capitalize on the growing virtual reality trend.
Virtual reality is a computer-generated world in which people can visit and perform various activities, such as playing games or meeting officemates.
Nowadays, people experience VR by wearing special headsets that let them feel as if they were inside these digital worlds.
How can you merge VR and blockchain tech? Coins created a solution by launching the Philippines’ first-ever VR Avatar Studio.
It lets people turn their NFTs into digital avatars that represent them in virtual reality. In other words, they would walk around in VR as if they were these characters.
The company launched a demo by letting guests dance as Bored Ape Yacht Club NFTs. They wore motion capture suits that enabled their characters to mimic their movements.
The Coins VR Avatar Studio showed a few TikTok clips of people recording dances as their favorite Bored Apes.
You might be skeptical about people using VR characters, but the trend truly is growing.
According to tech firm Ciena, 89% of Filipino business professionals want to use VR to meet coworkers over video conferencing tools like Zoom.
Moreover, 69% of Filipino respondents see the more widespread use of VR-based tools for business in the next three years.
The crypto exchange invites people to contact them about turning their NFTs into VR avatars. Moreover, you may find the office at UnionBank Plaza, Ortigas, Pasig City.
Conclusion
Coins VR Avatar Studios launched earlier this year, allowing Filipino influencers to create unique online content with virtual reality and NFTs.
Also, President BongBong Marcos has been implementing numerous digital reforms to ensure the Philippines will lead in tech innovation in the future.
Similarly, you should find a way to adapt to the world’s rapid digital transformation. Start by following the latest trends from Inquirer Tech.