The Metaverse Project, intended to be a digital hub for creators, gave the community the opportunity to travel through their Metaverse City and explore an early version of the vision they are striving for.

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Last week, the Web3 Creator Economy Protocol DEIP launched an event in its metaverse. With DEIP CEO and co-founder Alex Shkor acting as a virtual guide welcoming attendees with a speech, Cryptooshala explored the city while listening to the guide.

Exploring the city of the DEIP metaverse.
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In an interview with Cryptooshala, Shkor explained that the space was created with the goal of empowering creators and connecting them with each other. Shkor said:

“We aimed to create a space where creators could meet each other, collaborate and learn more about the latest technological developments to move towards a decentralized creator economy.”

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The platform hopes to provide a platform for creators to find, evaluate, license, and share “intangible assets” such as works of art. It also aims to move the data warehouse from centralized publishers to a decentralized platform, giving creators more control over their work. Apart from this, DEIP is also committed to providing creators with the best opportunities for monetization.

According to Shkor, the space was created by the Arhead Metaverse ecosystem, creative agency Balagan and architecture studio Atrium. The team has also partnered with Near Protocol and the Octopus network to help grow their ecosystem.

During the event, one of the most notable attractions was the blue balloon dog. Shkor mentioned that it is Jeff Koons’ Balloon Dog (Blue), a physical sculpture that was converted into digital art for display at the event.

Jeff Kuhn’s hot air balloon (blue) is introduced to the DEIP metaverse.

While the launch of the metaverse event is an interesting step forward, the event also showed signs that the metaverse is still in its early stages. While navigating the digital location, Cryptooshala ran into some minor difficulties such as muting and unmuting.

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Meanwhile, metaverse tokens are performing well despite the bear market. Metaverse-related digital assets have outperformed other token categories by about 400% year-on-year, according to a Kraken Intelligence report.