Live Planet, a Media company, has hinted that it will launch a blockchain-based virtual reality network. Crypto and other blockchain-related content will be hosted on this Blockchain Virtual Reality (VR) Network.
Per the Aug 8 press release, this network that Live Planet will unveil will definitely be the first of its kind. In addition, it will be the first application that the company will run on VideoCoin Network technology — the firm’s developing media infrastructure that is based on blockchain.
Back in June, Live Planet reportedly onboard the 20th Century Fox Film Corporation former chief technology officer Hanno Basse. On joining the company, he was placed in its decentralized media solutions division to be its president — a role which involves building VideoCoin Network, VR streaming, and other publishing services of the company.
Blockchain VR Network partnership
To either record or stream content, blockchain-related content creators will have to use Live Planet VR System — the company’s 360 stereoscopic video service. However, the announcement stated that users are not limited as they can also stream on the network using other platforms like YouTube, Oculus, and Samsung VR.
In relation to the project, Live Planet has managed to attract a number of partners, including BLOCKTV, Crypto Trader, Bad Crypto Podcast, Boxmining, YEN.io CoinCentral, and Decentralized Films. The above list encompasses diverse kinds of content creators, who usually generate independent news coverage, TV shows, and podcasts.
In July, but rather in a different blockchain-driven media venture, tZERO — Overstock’s (retail giant) cryptocurrency wing — made an announcement about the tokenizing process of the movie “Atari: Fistful of Quarters.”
Exclusively, this is what Patrick Byrne, Overstock CEO, said:
“We have been looking for the team to crack the code for Hollywood and bring much-needed transparency and accountability to an industry that has been historically resistant to change. This is an extremely impressive team and we are thrilled to bring the tZERO tech stack to the movie industry.”