Blockchain has fueled the development of new and often unpredictable markets and economies due to the need for innovation. From unprecedented crowdfunding mechanisms to play-for-money (P2E) and go-to-monetize (M2E) models, decentralized technology is empowering communities like never before.
One of the next big things in today's technological revolution is Map2Earn - an emerging and rapidly growing trend that revolves around a business model that encourages people to scan physical locations and buildings. economy for 3D mapping. While not yet a standalone marketplace, Map2Earn can play an important role in augmented reality and metadata. Both are multi-billion dollar markets and are expected to grow rapidly in the coming years.
Some analysts expect the Metaverse market to cross the $1 trillion mark by 2030. The AR and VR market could reach around $500 billion by then.
Many AR and Metaverse use cases involve map simulation. The ecosystem will soon require Google Map-like alternatives. The Map2Earn model will accelerate the process of creating quality 3D maps with the help of the community, as participants are encouraged for their efforts. While the requirements vary from case to case, most users are usually required to take pictures of physical locations with their smartphones.
What makes Map2Earn different
Map2Earn has great benefits that anyone with a smartphone can take advantage of. Unlike other similar trendy business models like P2E, and moving to monetize requires more effort, Map2Earn can reward users just for capturing a few moments while walking around, to the office or travel for leisure.
Using Map2Earn, blockchain and Metaverse projects with large communities can create detailed 3D maps of the real world and deliver unique AR and Metaverse experiences. Currently, one of the problems with most virtual world projects is that GPS accuracy is limited when geolocating an AR asset, up to less than six meters.
On top of that, it's nearly impossible to put AR content inside. Super detailed maps built with the Map2Earn feature can increase location accuracy to just 20cm. This could allow creators to more accurately overlay AR content onto existing buildings, walls or statues, creating experiences that were not possible before.
Since Map2Earn is a relatively new concept and not very popular, it offers a huge revenue generating opportunity for users who can contribute at the early stages of map creation.
All the user has to do is find real Metaverse and AR projects to create detailed maps by implementing the Map2Earn model. One of the best examples today is OVER, a blockchain-based decentralized framework for AR metadata. The platform merges the real and virtual worlds to deliver a unique AR experience, opening the door to a wide range of use cases.
Metaverse is powered by its native token with the token OVR. Holders can use the token to purchase OVRLand, a 300 square meter hexagonal piece of land directly mapped to a physical location and represented by a non-fungible token.
OVER's goal is to create the most comprehensive and detailed 3D Web3 map of relevant locations around the world, indoors and out. Map2Earn plays an important role in this ongoing process. In fact, OVER is the project that has contributed the most to defining and promoting the Map2Earn model.
Anyone with a smartphone can spend about five minutes filming any part of OVRLand to help create the map. By default, every time a user maps a location, they own the data generated through the NFT (OVRMap), just like the crowdsourced version of Google Maps owned by the contributors. Users are also rewarded with OVR tokens for their efforts through contests and sponsored mapping initiatives.
Any OVER user can become a mapper this way. In this process, the user creates three key elements represented by the NFT:
3D points provide the creator with a visual representation of the 3D structure of the location they want to zoom in.
AI Neural Render - this feature can be used to create a digital copy of a mapped location.
Precise geolocation of indoor and outdoor AR content.
The Future of Map2Earn
OVER launched the Map2Earn Beta program in December 2022, which can be considered the most important test for the model. This is still an emerging concept and should be implemented by other AR and Metaverse projects looking to empower their communities while improving geolocation accuracy.
The new location accuracy will allow creators to associate specific digital experiences with physical objects, including buildings, walls, and statues. For example, one could bring a statue to life through 3D animation or implement unique experiences on each floor of a multi-story building as part of AR tourism.
Map2Earn is a powerful template ready to help unify the real and virtual worlds at lightning speed.
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