Verses is creating a protocol for AR/VR spaces.
Verses is creating a protocol for AR/VR spaces.
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Verses sets up blockchain-based property rights in augmented reality

  • Posted byby Dean Takahashi
  • Updated
  • 5 min

Verses has launched a protocol for virtual and augmented reality to help people establish ownership of virtual real estate, 3D space, and other goods in the virtual world. The company likes to refer to this idea of owning things within the virtual world as Web 3.0.

Just as websites have a proprietary address, Verses is using blockchain technology to identify specific 3D spaces in augmented reality. That allows people to own parts of the virtual world, or Metaverse, if you will. And Los Angeles-based Verses has set up the nonprofit Verses Foundation to serve as arbiter for the protocol that will delineate this “spatial web.”

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Written by

Dean Takahashi

Dean Takahashi is editorial director for GamesBeat. He has been a tech journalist since 1988, and he has covered games as a beat since 1996. He was lead writer for GamesBeat at VentureBeat from 2008 to April 2025. Prior to that, he wrote for the San Jose Mercury News, the Red Herring, the Wall Street Journal, the Los Angeles Times, and the Dallas Times-Herald. He is the author of two books, "Opening the Xbox" and "The Xbox 360 Uncloaked." He organizes the annual GamesBeat Next, GamesBeat Summit and GamesBeat Insider Series: Hollywood and Games conferences and is a frequent speaker at gaming and tech events. He lives in the San Francisco Bay Area.