Trace Network, the state-of-the-art DeFi and NFT protocol for a wide range of enterprise-grade and consumer applications offer a unique, immersive experience to the community in the virtual world. In a recent announcement, the project expressed its intention to create a lifestyle NFT based protocol for the metaverse. The new protocol will offer limitless customization options for the end-user while allowing brands to enable virtual personas to flaunt their creations.
The concept of metaverse has gained a lot of traction in recent days, thanks to the increasing adoption of NFTs and the widely followed virtual-first approach in the post-COVID world. We are already living a second life in the virtual space via games, meetings among others. Being a shared virtual space created with the convergence of enhanced virtual reality and augmented reality on the internet, the metaverse gives a semblance of physical interaction to virtual activities. People find it a welcome relief to otherwise monotonous routines and at the same time, as humans, many attempt to stand apart from the rest.
Trace Network Labs recognizes the need for an immersive virtual experience among netizens, which has encouraged it to create the lifestyle NFT based protocol for the metaverse. Having already created Bling Marketplace, enabling luxury lifestyle brands to create NFT versions of real-world products for sale and auction on a decentralized platform, Trace Network will now enable these very brands to provide NFT wearables and consumables for their customers.
These NFT wearables and consumables will continue to represent the actual real-world articles, and users who own these NFTs may also get to own the corresponding physical product as well – which is of course at the discretion of the brands who issue them. Further, as long as they own the product, they can flaunt it on their avatars in the virtual world. Trace Network is offering the metaverse-focused NFTs as a multichain solution, enabling portability across different metaverses on all leading blockchain protocols.
The lifestyle NFT based protocol for the metaverse will provide a gateway for brands to carry over their brand equity to the virtual world. It will be enabled through a new set of product and service kits that will soon become available to Trace Network’s partner luxury and lifestyle brands.
The difference Trace is trying to make is the delimitation of single-use products i.e., avatars and wearable NFTs getting limited to a single metaverse – something that brands like Burberry, D&C and some others have already done. Trace Network Labs, has envisioned and is currently working on a gateway protocol that will enable the creation of lifestyle and fashion product NFTs that will be metaverse agnostic – those which can enter ANY metaverse!
Soon, with Trace Network’s offerings, it is not just the person who will be enjoying the feel, comfort and status symbol offered by designer brands, but also their virtual avatar will don the same outfits to make a loud statement on multiple metaverses.
Learn more about Trace Network at – https://www.trace.network/