Whitepaper Beta for PolariumLand.
PolariumLand is a virtual reality platform powered by Polarium.Finance on the Binance Smart Chain. Users can create, experience, and monetize content and applications. Land in PolariumLand is permanently owned by the community, giving them full control over their creations. Users claim ownership of virtual land on a blockchain-based ledger of parcels. Landowners control what content is published to their portion of land, which is identified by a set of cartesian coordinates (x,y). Contents can range from static 3D scenes to interactive systems such as games. Land is a non-fungible, transferrable, scarce digital asset stored in an Binance smart contract. It can be acquired by spending our BEP20 token called POLARIUM.
This is the beginning of a decentralized ecosystem in which you can actively engage in a variety of ways. This universe combines four multibillion-dollar global markets: video games, property owning, digital services, and NFT, all of which have been integrated using blockchain and also contribute towards the another multibillion-dollar business that has only recently begun to take off which is Metaverse
PolariumLand’s value proposition to application developers is that they can fully capitalize on the economic interactions between their applications and users. To allow those economic interactions, the platform must allow three things to be traded: currency, goods, and services.
PolariumLand will integrate a core system that allows global, instant, and cost-effective payments between any two users on the internet. Cryptocurrencies allow for trustless payment channels to be established between parties, with low-trust hub-and-spoke systems already possible.
The PolariumLand scripting language will allow the development of applications, games, gambling, and dynamic 3D scenes. This scripting language will be designed to handle a wide range of capabilities, including creating objects, loading textures, handling physics, encoding user interactions, sounds, payments, and external calls, among others.
We expect users to publish, distribute, and collect rare digital assets issued on the blockchain by their creators. Just as it occurs today in other virtual worlds or through online forums, these digital assets will be traded inside this world through the scripting system and be backed by the aforementioned naming system.