A pioneering project of metaverse jewelry collection, Chains NFT hopes to collaborate with major fashion brands such as Tiffany & Co and Louis Vuitton to become the first luxury jewelry store in the metaverse market.
Wait, what language is that?
• TVN: NFTs (Non-fungible Tokens) are the latest cryptocurrency phenomenon to become widespread. While not necessarily new, it is a way to turn digital artwork and other collectibles into a unique, verifiable asset that is easy to trade on the blockchain.
TVNs have become a way for people to support the work of independent or original creators by purchasing their digital work. NFTs are used to buy and trade digital works of art which can take the form of GIFs, virtual trading cards, images of physical objects, video game assets, and more.
• Metaverse: The metaverse is a given space of virtual reality in which users exist in a computer-generated environment and interact with other users in a non-physical world. Platforms can focus on social connection and online gaming through augmented or virtual reality, and users can trade virtual items and cryptocurrencies.
While the idea itself is not new and has been explored through many sci-fi movies and games like Second Life or The Sims, it is now part of the mainstream dialogue due to Facebook’s recent foray. in this area, drawing attention to changing technology.
The project – founded by Jacob Bamdas and blockchain jewelry brand Crypto Jeweler – is ambitiously reaching out to mainstream jewelry brands, promising to take its NFT (non-fungible token) jewelry out of the digital realm by allowing its designs to be physically produced.
“In terms of utility, we would like to partner with companies like Tiffany & Co. or Louis Vuitton,” Bambas said in an interview with Highsnobeity.
He explained, “We want to bridge the gap between where the NFT space was and where it is heading, I was not a strong supporter of NFT until recently. [but] the second I realized the potential of space, I knew I had to create something different.
The Chains team claims that they are currently creating around 10,000 “hyperrealistic pendants and chains” through Crypto Jeweler, which they will soon begin to “issue.”
NFTs are available on the Opensea market platform with a starting price of 0.134 Ethereum (US $ 3,164.02) per coin and buyers are entitled to join an “exclusive but large club” to offer owners a “Much more involved experience than the typical NFT. “
“We grew to 23,000 members on Discord and 10,000 on Twitter in about seven weeks,” Bamdas said, noting that “without our community we would be nothing.”
Crypto Jeweler Founder and Chains NFT Designer Michael Ray said the design concept is “a legacy heirloom with a very real vibe” that is unique and treasured to every owner and makes Chains NFT “not only a trailblazer. for jewelry but also for e-commerce and luxury fashion. “
“Our roadmap has one of the most ambitious, project-driven and community rewarding roadmaps, and we know it will not only receive the world’s attention, but it will will bring together a community of artists, celebrities and friends, ”he added.
NFTs are blockchain-based crypto tokens that each have unique and distinctive codes and metadata that cannot be replicated.
Digital tokens are used to represent physical and real-world items such as real estate, artwork, and jewelry, as well as to represent property rights and owner-user identities, among others.
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