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Festivals in the metaverse: How Web3 projects are taking culture virtual

As the metaverse becomes a place to hang out, more large-scale events will pop up to entice users into digital reality.

The metaverse is the future, or so is the claim of many interacting with the industry — a claim that can be backed up by the amount of activity pouring into the Web3-metaverse domain. 

Engagement in the metaverse of 2022 is looking less like a Sims-esque video game and more like government agencies creating virtual offices to connect with future generations of clients or nations facing the existential threat of climate change using the metaverse to create digital versions of themselves.

One way brands and organizations are using the metaverse is by hosting large-scale virtual events similar to those they already hold in-real-life.

This type of metaverse activity has been seen in many iterations over the last year, one of which was the metaverse’s first-ever fashion week in April 2022. The event invited fashion enthusiasts, designers and brands into virtual reality to participate in activities that mirrored real-life events at fashion weeks around the world. Catwalks, DJ-led afterparties, talkbacks and more were all included in the digital version of the iconic fashion industry event.

In The Sandbox metaverse, a Pride festival was held in June. Similar to fashion week, what could be experienced at a physical event was recreated but with extras only made possible through digital reality, such as a Pride-themed game to be played by festival goers.

Most recently, Decentraland held a four-day music festival with mega-headliners which included Björk, Ozzy Osbourne and Soulja Boy. The event had multiple stages designed with the aesthetic of the artist performing, along with other interactive attractions for festival goers. 

Physical festivals of such caliber cost hundreds of thousands, even hundreds of millions of dollars in cases like the popular Coachella music festival. Aside from the costs, some festivals take years of advanced planning, with months of physical prep time. To call it a big feat to pull off a mega event is putting it lightly. 

As festivals and large-scale events like fashion week continue to become digitized and built into the metaverse, the question arises as to what it takes to create such an experience. Moreover, how is it different from its physical counterpart?

Complex yet creative 

A common thread among those involved with large-scale metaverse events is that it is indeed complex. As it is still a relatively new evolution of online activity for both planners and users, there is a greater learning curve for everyone involved. 

Akhbar Hamid is the co-founder of People of Crypto Lab — which hosted this year’s Pride festival in the Sandbox. He told Cointelegraph:

“An important thing to remember is that throwing festivals and experiences in the metaverse is a very new experience and we are building and creating what that blueprint looks like everyday.”

This “blueprint” includes a different set of logistics and planning depending on the virtual world.

Related: Al tech aims to make metaverse design accessible for creators

Hamid gave the example of The Sandbox. As it is not yet a fully open metaverse and still in alpha, there is a bit more planning involved:

“With metaverse worlds you can create and build within existing worlds and reskin existing user experience, which can allow you to execute in a shorter time frame.”

Generally, building experiences from scratch can take months, he confirmed, with additional time allotted for bug testing afterward. 

Boundaries don’t exist

One thing that everyone commented on is the limitless possibilities for utilizing space in the metaverse, which simply doesn’t exist in the physical world. Raluca Cherciu, the CEO and co-founder of Unpaired — which operated the OxArena venue in Decentraland’s four-day music festival — told Cointelegraph: 

“In the metaverse, what’s possible takes on a whole new meaning and the laws of physics do not apply.”

She continued saying that as a venue with no spatial limitations, from an architectural point of view, they could really create whatever the imagination conspired. In the metaverse, “you don’t have to worry about things like permits and can have much more expansive areas to play with and build in.”

Related:Spatial digital art exhibitions to level up metaverse experiences

Hamid also touched on the fact that apart from no limitations for space in the metaverse, there are also no borders. People from anywhere can attend a metaverse festival and minimize typical festival travel costs like airfare and lodging:

“This opens the doors for global festivals where everyone can share in the same experience from thousands of miles away.”

However, in a borderless environment, issues do arise. As pointed out by Cherciu, one big hurdle is creating schedules that work across multiple time zones, which she said can impact attendance of the event. 

Community at the core

Nonetheless, the community aspect is one of the most important elements for digital festival planners — and not just in attendance numbers. The community is the inspiration for everything that goes into building the experience. 

Giovanna Graziosi Casimiro, senior extended reality and events producer at the Decentraland Foundation, told Cointelegraph that the goal of a metaverse festival is to provide attendees with an “unparalleled sense of belonging.”

She said there will be certain aspects of metaverse experiences that will fall short such as the physical presence of thousands of people or hugging friends at a concert. However:

“I always like to emphasize that virtual events are not replacements for IRL events, but rather complements that allow for more holistic experiences.”

To make a virtual experience altogether complementary, cohesive and intriguing for its physical community, Hamid says a strong understanding of the community that the festival is dedicated to is very important.

He said creators need to ensure that “the game and experience you create speaks to the audience you are celebrating,” adding:

“You want to create a moment that the existing Web3 community will enjoy and an experience that the Web2 community will want to experience as they begin to explore metaverse worlds.”

One avenue that shouldn’t be overlooked when bridging these experiences is choosing artists with an authentic interest in interacting with their community in a new way. 

Web3 talent

As mainstream artists continue to find their way into the world of Web3, festivals and other large-scale virtual events can help further this trend. 

Casimiro says performances in virtual worlds open up much more creative freedom for artists, stating, “They have completely free range to tell their stories and explore their unique narratives however they desire.”

She says the metaverse can even help artists personify themselves as characters or elements from their songs. Identity in the metaverse has been a big topic for users and digital avatars.

When it comes to artists, the metaverse, too, is, “a space for identity expansion through storytelling.” This year, the entertainment network MTV introduced a new award for “Best Metaverse Performance” as an official competition category for their annual awards.

Another aspect of metaverse performance, Hamid says, is that those on the backend can get live metrics and perform “live social listening” to monitor community satisfaction with the performance.

Large-scale considerations

Aside from community satisfaction, there are other road bumps that have to be considered when creating a digital festival. 

“Keeping open and organized channels of communication is one of the biggest challenges,” says Casimiro. “Especially when you’re dealing with several different platforms.” She also said finding a balance between encouraging artists to push their creative boundaries while making sure there is technology available to back these dreams up.

Hamid cited an age-old problem that the Web3 space continuously faces, which is education, stating, “We have to make entering these spaces more accessible and educate the masses on all that is achievable through this technology.”

The simultaneous task of learning what it takes to put on a digital festival while educating communities on how to participate is no small task. However, Hamid believes that festivals are one of the best ways to do so.

“Cultural moments like festivals, like Pride, Women’s History Month, Black History month are all great moments to create unique metaverse experiences that help bring mass consumer awareness to the new technology,” he said.

Looking forward

The metaverse is not going anywhere. According to a Q3 DappRadar report, hundreds of millions of dollars have poured into metaverse development in the last quarter alone. 

The metaverse continues to be a big component of the success of other Web3 tools such as nonfungible tokens (NFTs). According to industry observers, what will contribute to the success of the metaverse and its major events is one primary thing: accessibility. Hamid said that the future of metaverse festivals will “be accessible from any device anywhere.”

Related: The metaverse is becoming a platform to unite fashion communities

Casimiro added that she has produced virtual concerts since 2019 and has no doubts they will continue to be a staple in the industry: “In the last three years, there’s been a cultural shift towards a global village with global access to content.”

For Cherciu, accessibility and social interaction will be the prevailing elements for all metaverse activity:

“The metaverse provides new opportunities for people in economic, physical or mental distress to participate in socially rewarding experiences that otherwise would not have access to/be able to take part of.”

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Here’s how the Metaverse enables inclusivity for genderqueer people

Avatars in the Metaverse are slowly becoming queer-friendly as adoption grows and more projects cater to people with gender dysphoria.

In the wake of the rising popularity of games like Fortnite, Roblox and Minecraft and the concept of the Metaverse, the ability of “avatars” to escape unpleasant realities, or simply have fun, is emphatically relevant. It warrants a discussion on digital citizenship and the “inclusivity” of individuals and their identities in the virtual realm, and it provides new meaning for those with gender dysphoria or who identify as genderqueer.

In the real world, there is a known bias against those who do not identify with the sex assigned to them at birth. According to a recent study, approximately 2.7% of adolescents in the United States identify as trans or gender diverse. Extrapolating this to the global population, more than 200 million people likely fall into this category and come under pressure from societal exclusion, suppression of identities and marginalization, as well as a lack of awareness, access to facilities, security and safety.

Recent studies have also revealed the therapeutic abilities of gaming avatars for many queer people, who suffer from higher rates of anxiety and depression due to the need or obligation to identify their gender, as there are people who prefer not to do so.

Related: Pride in the Metaverse: Blockchain tech creates new opportunities for LGBTQ+ people

What does an avatar really bring to the table?

An avatar is a digital human representing you in a virtual space that you can share with other individuals for various types of experiences. It is a personalized graphical illustration, character or alter ego representing a user on their computer. In many ways, creating an avatar is a good way to solidify one’s own personal image or persona. The designs of these alter egos have been accentuated by the growing market for games that create roles for individuals participating.

An avatar functions as a digital place where transformations occur, and it becomes a location for desires. The virtual body acts as a person’s digital twin and remains closely connected to their physical body, which becomes the basis for the virtual body’s identity. An avatar can be represented either in a 3D or 2D form, depending on the platform the person is on.

Customization is key

For people still trying to figure out their own gender identity — or affirming one — the avatar’s appearance becomes an important starting point to test out who they really want to be. Hence, being able to customize the avatar is key and facilitates gender identity expression and consolidation. This gives people a good way to explore and validate their identity.

When choosing an avatar’s appearance, we make some aspects of our desires visible. Gamers and Metaverse residents alike have the ability to choose their gender and select from a dozen preset options for body type, facial features, expressions, hair color, facial hair and more. Metaverses and games are also providing gender-neutral clothes, preferred names and the use of pronouns. These customization options give users the liberty to act in the manner they truly feel in real life.

This is far from what they can experience in real life. So, in many ways, an avatar facilitates the process of identity creation by providing diverse possibilities that are reflective of a user’s gender expression. This unique method of curating one’s avatar is the real freedom of expression without any discrimination.

Related: Digital identity in the Metaverse will be represented by avatars with utility

Identity consolidation

An avatar can have a fluid identity. This means that a user can change their avatar’s appearance, gender and personality at will. This allows a person to physically emulate what they want to be in the future. For many people, coming out as a queer is preceded by a private acknowledgment of their identity. This virtual embodiment is, in manner, practicing and anonymously testing out the gender they really experience.

This can be constantly refined with more virtual experimentation and help finally consolidate their identity for real-world interactions. Genderqueer people can also anonymously meet and interact with similar people and create online support networks. Games can also enable an avatar to create stories and improvised interactions with other players, thus helping in setting up a real-world scenario.

Moving with yourself

This journey to self-realization and gender identity primarily affects young people. An avatar gives them the option of working with themselves in the virtual world to understand their true nature and build on that identity. A tool to create real-looking avatars, such as Buddy from Trace Network, can enable a person to choose their identity and consolidate their own real likeness in the future, complete with gender, body type, gender-neutral apparel and more.

An avatar in a game or metaverse allows users to explore, develop and rehearse their identities in a relatively safe environment without facing discrimination, negative encounters, bullying or isolation. This is the best way to start as “out” and express oneself without fear and with head held high!

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

The views, thoughts and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.

Lokesh Rao is the co-founder and CEO of Trace Network Labs and has over 12 years of experience in the enterprise tech space, helping global fashion companies acquire and implement technologies in more than 20 countries. Since 2017, Lokesh has been actively involved in building solutions for enterprises using DLT and blockchain. With Trace, he is building a technology platform that will enable lifestyle brands to launch multichain and multiverse products, using NFTs for “digital twins” — aka user avatars in the metaverse.

Legendary Trader Peter Brandt Says Bitcoin Has 25% Chance of Hitting $160,000 – Here’s His Timeline

Spanish LGBT token responds to critics, says it expects listings soon

The MariCoin project was among 10 projects chosen for the Algorand Foundation accelerator program in November 2021.

Spanish LGBT-related token MariCoin (MCOIN) has responded to the community following skepticism around the project’s concept and goals.

Some had even criticized the project for its name, which played on a homophobic slur in Spanish. But according to key people in the project, they have simply misunderstood. 

MariCoin CEO Francisco Alvarez told Cointelegraph that the project’s name is about “turning an insult into a fortress,” referring to peculiarities of tackling homophobic language as the very word word “gay” is still being used as an insult in some communities.

“In Spain it is very common for members of the gay community to call themselves ‘Maricón,’ so Juan, an active member of the community, thought MariCoin was a fantastic name for a cryptocurrency that would unite the whole community,” Alvarez said.

The CEO noted that the MariCoin project has “found a generalized acceptance” of over 90% in other Spanish-speaking countries like Argentina, Venezuela, Cuba, Mexico, Uruguay, Ecuador, and others. “Although we must work on that other 10% that does not share our vision,” he noted.

According to MariCoin co-founder and president Juan Belmonte, the project expects to list its Algorand-based token on crypto exchanges supporting the Algorand blockchain on Jan. 31.

“We have been in talks since September 2021, as we have announced, to list on Binance. Our CTO is working on the white paper and we will have the first version ready next week,” Belmonte told Cointelegraph.

He also noted that MariCoin has closed their waiting list at 10,000 “Maricoiners,” as committed in their roadmap. “Due to the avalanche of mails, we have had to open a second list to reserve the coin at the starting price of $0.025, starting next January 31,” the executive added. Some people in the community previously were skeptical about MariCoin’s waiting list for investing via Google Forms.

Related: New LGBTQ token aims for equity but raises red flags with community

Belmonte also mentioned that MariCoin was selected for the Algorand Foundation accelerator program in Miami last year, with support from blockchain investment firm Borderless Capital. Apart from MariCoin, the accelerator also selected 9 other startups including Latin American digital bank NeoMoon, blockchain game Alchemon, nonfungible token platform Dartroom, and others.

The Algorand Foundation and Borderless Capital did not immediately respond to Cointelegraph’s request for comment.

Legendary Trader Peter Brandt Says Bitcoin Has 25% Chance of Hitting $160,000 – Here’s His Timeline

New LGBT token aims for equity but raises red flags with community

While sporting a questionable name, the coin project says it wants to enable a “social and ethical” payment method.

The cryptocurrency community has raised concerns about Maricoin, a new token supposedly related to the LGBT+ community, with some people even suspecting the project to be a scam.

Launched in December 2021, Maricoin promises to enable a “social, ethical, transparent and transversal means of payment” targeting the global “pink economy,” which is estimated to amount to trillions of dollars.

One might question Maricoin’s ethics though, as its name is a portmanteau that plays on a Spanish slur for homosexuals.

According to the project’s website, Maricoin runs on the Algorand blockchain, with creators planning to list the token on several crypto exchanges in 2022.

The project was reportedly founded in Madrid by local hairdresser and entrepreneur Juan Belmonte, who said that the new token is designed to help the community profit by providing a new payment method for LGBT-friendly businesses worldwide.

According to CEO Francisco Alvarez, as many as 8,000 people were already on a waiting list to buy Maricoin as of early January.

Despite the token being widely promoted as the “first coin created by and for the LGBT+ community” on many mainstream media channels, Maricoin is not quite the first cryptocurrency project related to the LGBT+ community. As previously reported by Cointelegraph, there are a number of LGBT-related tokens and initiatives, including the LGBT token, which was launched back in 2018.

Several industry observers have expressed skepticism over Maricoin, with some even alleging that the initiative could be a scam.

“It’s not a coin, it’s a token, clearly a scam to catch fools who want to make easy money with crypto. Their website is poorly made, ugly and doesn’t have a single tech line about how this crypto will work. Not a single whitepaper and their waiting-list form is a damn Google Doc,” one Redditor argued.

Related: Beware of sophisticated scams and rug pulls, as thugs target crypto users

Justin Ehrenhofer, vice president of operations at crypto wallet service Cake Wallet, said, “This 100% feels like a scam.”  He noted that the Reuters article on Maricoin didn’t include much skepticism on the project: 

Maricoin did not immediately respond to Cointelegraph’s request for comment. This article will be updated pending any new information.

Legendary Trader Peter Brandt Says Bitcoin Has 25% Chance of Hitting $160,000 – Here’s His Timeline

10 women who used crypto to make a difference in 2021

These 10 inspiring women made things happen using crypto and blockchain in 2021, one block at a time.

This year, new research showed that there’s still a long way to go before there is gender parity in the crypto and blockchain space. WEF’s April Global Gender Gap Report 2021 found that it will take close to 135.6 years to close the gender gap due to the COVID-19 pandemic.

However, that hasn’t stopped these women who used blockchain technology and cryptocurrency to tackle a whole range of social issues ranging from girls’ education in developing countries to the wealth gap in black communities in the United States.

In no particular order, these 10 women are changing the world using crypto one block at a time.

Tavonia Evans

Tavonia Evans is the founder and lead engineer of GUAP Coin, which she created to help close the wealth gap and support black-owned businesses in the United States. Despite being hospitalized with COVID-19 and facing sweeping funding cuts, Evans says that her company accomplished more this year than ever before.

“We’ve onboarded hundreds of women of color into the Masternode space, an area of crypto that is largely male-dominated,” she told Cointelegraph. 70% of GUAP nodes are owned by women of color.

“We’ve sparked awareness about crypto among a population with less access and education in crypto and finance — and we continue to do so.”

This year, the company onboarded its first brick-and-mortar merchants. It also launched the xGUAP wrapper on Binance Smart Chain.

Lisa Wade

Lisa Wade was the 2021 recipient of Blockchain Australia’s Gender and Diversity Leader of the Year award, which recognized her work advocating for women and LGBTIQ+ people in the blockchain industry.

She is the founder of NEOMI, an investing ecosystem that connects charity entrepreneurs looking to raise capital with investors looking for authentic impact investments. Wade explained to Cointelegraph:

“NEOMI has a lens on our theory of change, which supports LGBTI and female entrepreneurs.”

Wade is also the chair of NAB Pride and pioneered the Australian bank’s “Rainbow Women” initiative, which gives LGBTIQ+ women a space to speak about issues that are holding them back on career development in the finance sector.

She also continued her work in environmental activism, co-creating a blockchain initiative called Project Carbon which tokenizes voluntary carbon credits.

Olayinka Odeniran

Olayinka Odeniran is the founder and Chairwoman of Black Women Blockchain Council (BWBC), which is working toward increasing the number of black female blockchain developers to half a million by 2030. 

Over the past year, the BWBC partnered with blockchain software company Consensys to help African people throughout the globe get involved in crypto.

She also launched a room on social audio app Clubhouse called “What The Hell is Blockchain” and a community site where members can network and learn about everything from nonfungible tokens (NFTs) to decentralized autonomous organizations (DAOs).

In case this wasn’t keeping her busy enough, she also released a social impact NFT collection CyberMermaid through ocean conservation nonprofit The Dope Sea.

In 2022, Odeniran plans to host a month-long event for Women’s History Month in March and release a new program to teach African women about NFTs and blockchain.

Maliha Abidi

Maliha Abidi is a Pakistani-American author and internationally acclaimed visual artist. She founded ‘Women Rise NFTs’ this year. The collection of 10,000 NFTs represent diverse women from around the world including activists, artists, scientists and coders. 

The collection has been featured on the front page of Rarible and at DCentral Miami. Abidi also had an artist residency during Art Basel in Miami.

According to Abidi, so far, 2,350 NFTs from the collection amounting to over 150 Ether (ETH), around $591,000, have been sold to 1,200 unique buyers including some big names like Randi Zuckerberg and Gary Vee. 10% of the total profits from the project will be donated to charities supporting women and children.

Abidi’s major project for next year will be the creation of the world’s first metaverse school for marginalized children from around the world.

Lavinia Osbourne

Lavinia Osbourne is the founder and host of Women in Blockchain Talks (WiBT), which is a female-led educational platform in the United Kingdom where women can network and learn about blockchain. She told Cointelegraph:

“Getting started in this revolutionary space is key to change and adoption, so Women in Blockchain Talks wants to make this as easy as possible for people — women and marginalized groups in particular — to do just that.”

This year, WiBT launched the 50k women into Blockchain by 2023 campaign, which Osbourne explained to Cointelegraph will “show that blockchain is for everyone as well as highlight the different pathways” to get involved in the space.

Osbourne also founded the upcoming female-centric Crypto Kweens NFT Marketplace, which is currently being built on the Rarible protocol.

WiBT introduced a Middle East ambassador to expand their international reach to women and marginalized groups wanting to learn about blockchain technology with translated versions of their educational material.

Jen Greyson

Jen Greyson is a Utah-based advocate of women’s empowerment through cryptocurrency and a board member for Kerala Blockchain Academy (KBA) in India. 

KBA trains women in STEM and blockchain to become leaders in the space. In 2021, it introduced several new blockchain courses, including two free foundation programs. The Academy trained close to 7,000 students this year, with over 6,000 students enrolling into the foundation programs in less than four months.

She told Cointelegraph: “The blockchain training program aimed to equip start-ups and individuals with the requisite knowledge, skills and attitude” needed to crack into the sector. Greyson added further:

“While my home state of Utah is languishing in even getting computers in every school for every student, across the globe, KBA did this in 2021 while navigating a pandemic.”

This year, the Academy’s vaccine traceability solution Immunochain was selected for a government health program in Kerala. KBA also developed a blockchain-powered multi-party document signing and verification system called Sign-A-Doc.

In 2022, Greyson will be launching an NFT podcast and an academy “focused on bringing more crypto education to the feminine.”

Manasi Vora

In May this year, Manasia Vora co-founded the Komorebi Collective on Syndicate, becoming the first investment DAO focused on funding female and non-binary crypto founders.

She is also the founder of the non-profit Women in Blockchain (WIB), which aims to provide a space for women to mentor each other about blockchain and crypto. “We aim to connect women to thought leaders in this space to inspire, collaborate and encourage others,” she said in a LinkedIn post. On Dec. 15, WIB tweeted:

“Crypto is about shared abundance and shared ownership. But this isn’t possible if the underrepresented communities are not included in the building, in the design, in the decision-making!”

Roya Mahboob

Roya Mahboob is not only an internationally-recognized activist but was also one of very few female tech CEOs in Afghanistan before being forced to flee in September this year when the Taliban took over control of the country.

She is the founder and CEO of Afghan Citadel Software Company (ACSC), where over half the employees are women. Because many Afghan women are unable to access a traditional bank account, she pays her employees in Bitcoin. In an August interview with CoinDesk, she said:

“If young people can learn about computers, they can learn about Bitcoin. And now everybody wants to learn how to access Bitcoin. They need to.”

She is also a board member and president of the Digital Citizen Fund (DCF), a non-profit aiming to educate girls and women from developing countries about technology and finance.

Mahboob also sits on the advisery board of Ashford University’s Forbes School of Business & Technology and recently created EdyEdy, a platform that helps young people from developing countries learn practical digital literacy skills.

Cleve Mesidor

Cleve Mesidor is the author of My Quest for Justice in Politics & Crypto, and a former appointee of the Obama administration.

She was appointed as public policy adviser at Blockchain Association in March this year and is a Mayoral Appointee for the DC Innovations and Technology Inclusion Council.

She is also the founder of the National Policy Network of Women of Color in Blockchain, and LOGOS, a social platform on the blockchain for activists.

Alakanani Itireleng

The Botswanan “Bitcoin Lady” Alakanani Itireleng is the CEO of the Satoshi Centre, which educates members of her community on how they can make money from crypto and blockchain technology.

The self-funded center is in the process of developing an incubator where startups will be able to network with potential sponsors or mentors.

She has campaigned for the Bank of Botswana to regulate and legitimize Bitcoin as a legal currency and is also developing a local crypto wallet that will be able to directly connect to regular ATMs.

In a July interview with Forbes, Itireleng said, “I was feeling that there’s something about Bitcoin that is unique, that is different from normal fiat money.” She added further: “I always call it a currency of love.”

Legendary Trader Peter Brandt Says Bitcoin Has 25% Chance of Hitting $160,000 – Here’s His Timeline