PRESS RELEASE. Torum is set to launch a pioneering social metaverse and socially integrated Avatar NFTs through a unique SocialFi platform.

29th September 2021, Kuala Lumpur, Malaysia — Torum SocialFi platform has announced that it will be launching a ‘Social Metaverse’ and the world’s first-ever social-integrated Avatar NFT, following a strategic investment from Huobi Ventures back in August 2021.

Torum SocialFi Platform

The conceptualization and creation of metaverses has been on the rise since the explosion of the NFT market, and Torum is leading the social side of this emerging industry with its Huobi-backed SocialFi platform and ecosystem.

The Malaysian-based SocialFi platform has decided to take the lead and build a Social Metaverse within the crypto and blockchain industry. The world’s first ever social-integrated Avatar NFT will be the catalyst for this evolution.

Meet your Metaverse Identity

Powered by Binance Smart Chain, Torum is releasing 21 sets of Genesis Avatar NFTs that are designed with custom themes and popular cultural references. Each avatar represents a one-and-only identity in the Torum metaverse, joined by over 115,000 other users. The BEP-1155 Avatar NFT is created by combining 6 different types of Avatar pieces of different rarity, which are only obtained through the Torum Genesis Blind Box NFT.

There are more than 85 million Avatar variations to be explored, allowing the community to express their full inner creativity. Torum integrates the Avatar NFT directly so that the owner can use it as a socialized metaverse profile. This allows the community to bring together the best of both “Social + NFT”.

Genesis Blind Box NFT

Each blind box contains one unit of Avatar NFT piece that is used to assemble a full Avatar NFT set and can only be purchased using the native token of Torum, XTM. Each NFT drop has equal chances. The total supply of NFT pieces is pre-determined using smart contracts and tracked via blockchain.

Every XTM spent in the blind box purchase will be burned from the total token supply forever. It creates a win/win situation for all parties in a wholesome, metaverse economy by reducing the circulating supply.

Gateway to Crypto Social Metaverse

As the metaverse concept is still in its infancy stage, there is a massive untapped potential for a socialized metaverse. Torum’s integration with Avatar is an excellent example of how Torum can allow you to own a Metaverse identity through social media platforms.

The Avatar NFTs and NFT pieces unlocked from the blind box can also be listed and traded on Torum NFT Marketplace upon availability. The swift and flexible approach of the multi-chain SocialFi project has also led to the integration of DeFi and crypto marketing tools like Torum Finance and Torum Lounge respectively.

With over 115,000 registered users and Huobi Ventures behind its back, Torum is always ready to adapt and integrate any blockchain trend that emerges in the crypto industry, including Metaverse.

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Media Contact Details

Contact Name: Jayson Tan

Contact Email: hello@torum.com

Torum is the source of this content. This Press Release is intended for informational purposes only. This information is not intended to be an investment recommendation or offer to invest.

This is a press release. This is a press release. Readers are responsible for their own research before making any decisions about the promoted company, or any of its affiliates.

29 Image Credits: Shutterstock, Pixabay, Wiki Commons

Image Credits: Shutterstock, Pixabay, Wiki Commons

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