Virtual Innovation HUBS

Framework for a Virtual Economy

Digital worlds have spurred the creation of technology incubators and innovation hubs exclusively dedicated to digital realms, encompassing various technologies including but not limited to virtual reality (VR), augmented reality (AR), artificial intelligence (AI), and occasionally spanning across multiple blockchain networks. The emergence and convergence of these technologies is increasingly evident, underscoring the importance for new design and innovation hubs to provide essential resources, mentorship, and networking avenues for developers and entrepreneurs.

These hubs play a pivotal role in cultivating an environment conducive to digital world related innovations, fostering collaboration and creativity. Each of these technologies is poised to play a significant role in shaping the future landscape of the virtual economy, with their interactions being more synergistic than competitive. Innovation hubs serve as the foundational framework for the emergence of digital worlds, facilitating the utilization of these technologies in a secure and immersive manner.

EAPES Creator Studios endeavors to leverage design and innovation hubs with tangible real-world connections in the realms of augmented reality (AR), virtual reality (VR), and artificial intelligence (AI). This expansion of blockchain compatibility, products and services provide a distinct and enjoyable experience for the EAPES Community and beyond, while also constituting a unique, profitable, and sustainable endeavor for the EAPES project.

Looking at augmented reality and virtual reality, the present market stands at just $1.8 billion and is forecasted to rise to $4.6 billion by 2030, indicating a modest growth of 155.56%. Yet, this growth doesn't fully utilize the extensive potential of artificial intelligence tools and applications, which are anticipated to experience exponential growth in the coming years.