The Play-to-Earn (P2E) industry has significantly grown, fueled by the adoption of non-fungible tokens (NFTs) by institutional investors and retail traders. The NFT market is no longer viewed as JPEGs running on blockchain technology for speculative purposes; instead, the real-world utility has increased. Nations – including China and United Arabs Emirates (UAE) – worldwide have embraced the metaverse industry, primarily run by the NFT market.
According to the latest crypto price oracles provided by Coingecko, the total play to earn market capitalization stands at around $8,202,056,201 and a 24-hour trading volume of about $1,892,824,170. Interestingly, crypto analysts forecast the P2E market will continue rallying exponentially as adoption is still in the early stages.
Aftermath Islands Takes on Metaverse with AI Tech
Aftermath Islands, a virtual world made of highly realistic theme-based islands and communities, has announced the launch of its artificial intelligence (AI) powered Non-Player Characters (NPCs) for the metaverse players. According to the Aftermath Islands developers, the AI-powered NPCs are capable of providing fully interactive conversations and experiences for both players and commercial entities within the Metaverse.
As a result, Aftermath Islands is expected to gain more traction ahead of other metaverses (P2E) games. Moreover, the AI technology that powers these NPC’s avatars uses OpenAI GPT3, an advanced deep-learning AI model that employs over 175 billion parameters.
@AftermathIsland without a doubt! This is going to be an insane metaverse with so many possibilities. It even included a free P2E game where you can mint free NFT’s to use in game. Even if you don’t have money to buy anything, you can earn enough to sell and purchase at no cost.
— JDK (@JonKirkpatric18) February 12, 2023
According to David Lucatch, Managing Director of Aftermath Islands Metaverse Limited, “Artificial Intelligence applications such as OpenAI GPT3 provide cost-effective opportunities for brands, retailers, educators, travel and tourism operators, governments, and other organisations to move from static-based information push models to the truly interactive capabilities in the Metaverse, creating new and innovative ways to create awareness, engagement, activation, and conversion. We already see strong commercial interest, as AI-powered avatars can naturally interact with users and can recommend solutions that can be “clicked” within Aftermath Islands to instantly launch access to a host of web activities such as eCommerce sites that support revenue-based activities and 24/7 automated and intelligent customer service and support.”
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