Virtual Innovation HUBS
Framework for a Virtual Economy
Last updated
Framework for a Virtual Economy
Last updated
Digital worlds have catalyzed the emergence of technology incubators and innovation hubs exclusively dedicated to digital realms, encompassing technologies such as virtual reality (VR), augmented reality (AR), artificial intelligence (AI), and often extending across multiple blockchain networks. The convergence of these technologies underscores the importance of design and innovation hubs that provide essential resources, mentorship, and networking opportunities for developers and entrepreneurs.
These hubs play a pivotal role in fostering an environment conducive to digital world innovations, promoting collaboration and creativity. Each of these technologies is poised to significantly influence the future landscape of the virtual economy, with their interactions being more synergistic than competitive. Innovation hubs serve as foundational frameworks for the emergence of digital worlds, facilitating the utilization of these technologies in secure and immersive manners.
EAPES Creator Studios aims to leverage design and innovation hubs with tangible real-world connections in AR, VR, and AI. This expansion of blockchain compatibility, products, and services offers a distinct and enjoyable experience for the EAPES Community and beyond, constituting a unique, profitable, and sustainable endeavor for the EAPES project.
Market Outlook:
Augmented and Virtual Reality (AR/VR): The AR and VR market generated revenue of approximately $59.76 billion in 2024 and is expected to witness a CAGR of 22.0% during 2025–2030, reaching $200.87 billion by 2030.
Artificial Intelligence (AI): The global AI market size was estimated at $196.63 billion in 2023 and is projected to grow at a CAGR of 36.6% from 2024 to 2030, reaching $1,811.75 billion by 2030.
These projections highlight the extensive potential of AI tools and applications, which are anticipated to experience exponential growth in the coming years.