First post :) Here goes
It is undeniable that the world of cryptocurrency is in a period of massive expansion. However upon looking for new investment opportunities I repeatedly encountered the same problem. The large breakout boom have happened for most substantial, project backed cryptocurrencies, with a market cap of at least 10 million. Therefore, it is hard to enter go into an investment and expect massive gains - I'm talking bitcoin 2010 to now massive. And who doesn't want massive returns right?
This is why voxelus and the voxel have captured my attention.
Voxelus is a VR company launched in 2015 which is determined to develop and spread a system in which you can create your own virtual worlds and consequently enter and interact with them (think minecraft). At the same time, the platform allows you to sell your own created content, or alternatively buy content created by others.
The company in my has huge potential to grow. Its technology has potential to be adopted by limitless games. Being supported by co-founder Halsey Minor, legendary C/NET creator I think the company definitely has experience in its midst as well (the value of his voxel holdings was initially around $115.95 million dollars - more with the recent price surge).
Uphold has since discontinued support for the Voxel however Hasley Minor remains committed to it (he is no longer on the board of Uphold but is still a shareholder).
Halsey Minor
So why the creation of a cryptocurrency with the game?
The idea as Minor put it, is to make game rewards more tangible, giving greater initiative for players to engage with the virtual worlds.
Now imagine if you will if the game has a hundred million users (about the same as minecraft) and each of them has ten dollars on their account. That already puts voxel at a one billion dollar market cap, a huge increase from the current measly $25 million.
So why hasn't the cryprocurrency caught on still?
Well VR is still a developing industry. It is a small niche at best, the technology is just to expensive and not available enough. However, if the test of time has told us something is that technology will always go forward.
It is estimated that the industry will be worth $162 billion until 2020. And even then the companies in this field will have ample room to develop. As things are set up now VR will overtake every aspect of our lives, just as computers are doing now.
The crypto is currently worth around 0.000025btc following a recent rapid jump in price (and a correction from arround 0.000030), it also has a relatively large volume of some $500,000 a day, very large when looking at the total valuation.
The team has high hopes for their company as well as their payment system. Saying it is likely be ranked in the top 10 cryptocurrencies in the following years. While that might be slightly overly optimistic, considering the current development of VR and the prospects of their company I would say it is not too far off.
Please follow and resteem
I'm new here :)
Halsey minor interview (Mar.15)
http://uk.businessinsider.com/halsey-minor-uphold-voxelus-cryptocurrency-voxels-2016-3