Startup To Offer Psychedelic Therapy in the Metaverse

Psychedelic Therapy Metaverse - GCI Content Hub - Global Cannabis Intelligence

Health and wellness startup purchases virtual land in The Sandbox, utilizing technology to facilitate guided psychedelic therapy in the metaverse.

Ei.Ventures announces the purchase of a virtual land estate in The Sandbox, where clinicians will be able to host psychedelic therapy sessions in the metaverse.

The Sandbox is a virtual world where users can create, own and monetize virtual assets and services on the Ethereum blockchain via the Sandbox marketplace.

Miami-based psychedelics startup E.I Ventures, in conjunction with parent company Orthogonal Thinker, owns a 12-by-12 estate in The Sandbox valued at $2.2 million. It is the third-largest land sale in the network of virtual lands known as the metaverse.

Covering 144 pieces of virtual land, the 12-by-12 space will be called PSLY.COM, named after the soon-to-be merger company of Ei.Ventures with Mycotopia Therapies. The company – expected to be created in March 2022 – will focus on research, development and commercialization of novel therapeutics based on psilocybin, the active ingredient in ‘magic mushrooms’.

CEO of Ei. Ventures David Nikzad said in conversation with Forbes that PSLY.COM will be designed as a utopian and highly empowering space in the metaverse, where people can receive psychedelic therapy and interact with their community in a new way.

Ei. Ventures has set out to move psychedelic therapy into the metaverse by 2025. These plans run alongside the development of a psilocybin transdermal patch for use in clinical therapeutic applications.

Although the creation of PSLY.COM in The Sandbox is still in its early stages of development, VR experiences of Hawaii, positive psychedelic journeys and healing modalities are just some of the plans the company expects to realize in the metaverse.

Why use virtual reality for psychedelic therapy?

Psychedelic therapy will be administered using virtual reality nature in the metaverse to facilitate guided psychedelic experiences, alongside a therapist in the metaverse.

The ongoing pandemic limits physical interactions that would otherwise be essential for in-person therapy, making the metaverse a more viable avenue for company growth. Covid-19 is influencing wholesale changes in the ways we communicate and connect with one another.

The company hopes to offer its services in jurisdictions where psychedelics are legal, beginning with patients in Oregon and Jamaica.

To explore additional psychedelic content, click here.

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