Connect with us

NFT

DRepublic launches a combined NFT platform, ‘MetaCore’ Using EIP-364

press release

PRESS REELEASE. Blockchain company DRepublic has announced the launch of their innovative combinable NFT platform MetaCore, and NFT product Legoot, using the new EIP-3664 Modularity.

Blockchain MMORPG game “Cradles: Origin Of Species” creators DRepublic have now developed the first-ever combinable NFT platform MetaCore, using the new EIP-3664 Modularity. DRepublic’s groundbreaking new technology has allowed them to create Legoot, the first ever combinable NFT product. This opens up a new realm of possibilities in the NFT industry.

What is EIP-3664?

EIP-3664 is the next infrastructure layer for NFTs and on-chain development, bringing notable functionality improvements on the previous 1155 (multi-token) & 721 (non-fungible token) standards. The most relevant advancement EIP-3664 offers is its disaggregation and assemblage characteristics which enable the arbitrary combination of all NFTs. The most important features of EIP-3664 are its combinable, separable, and modifiable attributes which can be utilized for any kind of NFT operations through the blockchain.

Users can now use EIP-3664 to create an infinite number of different products without repeating work. This customization allows for the first-ever extensibility of metaverse ecosystems as well as NFT assets.

MetaCore: NFT Identity System

The MetaCore platform is an identity system and Layer-2 ecosystem which allows all metaverse citizens to join alternate metaverses by using a unique MetaCore Identity. With the ability for citizens to be connected to multiple metaverses, the potential for creatives to become involved in cross-chain/open-source community collaboration is exponential.

Imagine a new breed of multi-element NFTs, unbound by the constraints of single static-image pieces, with almost unlimited levels of customization and disaggregation. This gateway is the MetaCore Identity attribute. It’s the next generation of modular, combinable NFTs. Each component can be combined and divided freely, without restrictions.

MetaCore uses blockchain smart contracts allowing users to sign contracts with others to set their own specific terms & conditions, all traceable via the blockchain. The MataCore login ID also supersedes the outdated password login standard and has already been supported by Cradles: Origin Of Species, and Legoot.

Legoot: The Real LEGO Loot

NFT Loot boxes are a hot item right now but only offer NFT prizes with very limited functionality. MetaCore is already adapted to multiple metaverse blockchain games and Legoot, a loot-like project aiming to utilize the full power of EIP-3664 enabling loot props that are changeable.

Until now, NFT items have held a singular purpose and value, but the Legoot NFT assembly toy enables the free assembly and disassembling of its own parts that can be sold individually.

Think of Legoot as a true NFT LEGO that can be used by players to mount to MetaCore for NFT digital identity purposes, like disaggregating down NFT weaponry items into multiple pieces for individual sale.

Cradles: Origin Of Species

Cradles: Origin Of Species is a prehistoric blockchain MMORPG game with the potential to disrupt the entire blockchain gaming world through the power and unique functionality of EIP-3664. These new game NFT attributes can be summarized in four categories

  • Changeable attributes: NFT attack power and life value, both of which can be decreased or increased.
  • Transferable attributes: NFT attributes can be transferred to other NFTs in the event of destruction or other circumstances.
  • Upgradeable attributes: Players can pay a fee to upgrade/increase the NFT level, accompanied by the increase of other attribute values.
  • Evolvable attributes: NFTs that evolve automatically over time, and simulate the time attributes in the real world, so that NFT has the characteristics of time-varying.

Limitless Possibilities

These unique new attributes are just a glimpse into the possibilities that EIP-3664 and MetaCore can provide in an NFT context. This flexible architecture opens up endless possibilities for NFT expansion. Users could previously buy a NBA player card. However, users can now own an entire team NFT that includes multiple players. Each player can be disassembled and sold separately.

EIP-3664 smart contracts may be reused as building blocks to create an infinite number of new use cases for blockchain technology that goes beyond the theoretical. As the Metaverse explodes, MetaCore is now seeking NFT game collaborations. All features now are available on Legoot, for users to make their first combinable NFT.

DRepublic Links

Medium | Twitter

Cradles:Origin Of Species Links

Cradles | Whitepaper | Discord | Twitter

MetaCore Links

MetaCore | Twitter | Contract |

Legoot Links

Legoot | Opensea

Media Contact Details

Contact Name: Tib Palin

Contact Email: tib@cradles.io

DRepublic is the source of this content. This Press Release is intended for informational purposes only.

The information does not constitute investment advice or an offer to invest.


This is a press release. Before taking any action related to the promoted company, or any of its affiliates, or services, readers should do their due diligence. Bitcoin.com does not assume any responsibility for any loss or damage caused or alleged by the use or reliance of any content, goods, or services mentioned in this press release.


Listen now to the latest Bitcoin.com Podcast:

Image Credits: Shutterstock, Pixabay, Wiki Commons

Read More

NFT

Singapore High Court Injunction Blocks Sale or Transfer of BAYC #2162 NFT

The Singapore High Court has granted a court injunction which stops or blocks the sale of a Bored Ape Yacht Club (BAYC) non-fungible token (NFT) that one man claims was wrongfully taken away from him.

NFT Used as Collateral

A Singapore man has won a court injunction that blocks the sale or potential transfer of a Bored Ape Yacht Club (BAYC) non-fungible token (NFT) that he claims to be rightfully his. According to a report, the NFT is currently in the possession of an online lender named Chefpierre.

The man, who has been identified by the Strait Times (ST) as Janesh Rajkumar, is seeking to recover the BAYC 2162 NFT which he pledged as his security for a loan obtained from Chefpierre. Rajkumar claimed the NFT was wrongfully taken from him.

The Bored Ape Yacht Club NFTs are popular with celebrities, some of whom have paid large sums of money to acquire them. The ST report notes Madonna is the latest celebrity to become the owner of a BAYC non-fungible token, after she reportedly paid 180 ETH.

BAYC’s Rare Attributes

Detailing the NFT’s uniqueness, Rajkumar argued the collection is rare even among BAYC NFTs because it has attributes that enable the holder to create another exclusive series. Leveraging the NFT’s rarity and high value, Rajkumar was able to use the BAYC as collateral when borrowing.

In his arguments before the Singapore High Court, Rajkumar insisted his loan agreement with Chiefpierre stipulated he was not relinquishing ownership of the NFT. In the event he failed to pay back on time, Rajkumar would inform the lender who then had to provide a reasonable extension of the repayment period.

The agreement also specified that the lender could not exercise the foreclose option, Rajkumar argued.

What are your thoughts on this story? Tell us what you think in the comments section below.

Terence Zimwara

Terence Zimwara is a Zimbabwe award-winning journalist, author and writer. He has written extensively about the economic troubles of some African countries as well as how digital currencies can provide Africans with an escape route.

Image Credits: Shutterstock, Pixabay, Wiki Commons, mundissima

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Read More

Continue Reading

NFT

Dvision Network Announces New Land Staking Feature to Bolster Virtual Plot Utility

press release

PRESS RELEASE. The Dvision Network has recently announced the new ‘LAND Staking Feature‘ in their Dvision Metaverse, with the development being finalized to present a new use case to the virtual plot owners. Officially, Dvision LAND NFT users can now stake their plot and receive DVG points or additional NFT items through the new LAND staking program. This is a crucial component of the entire project and its ecosystem as Dvision currently has about 10,000 LAND owners, as a result of 3 finalized rounds of the LAND Sales, eager to deliver fascinating and advanced content to Dvision World.

Important details to note

Dvision Network launched a new NFT staking solution to improve the usability of the digital plots, and the team has hence already completed three successful LAND sales across several platforms. Furthermore, over 10,000 LANDs have been sold through platforms such as Shopify, Binance NFT, OpenSea, and NFTb.

The LAND staking function, in fact, is the first utility to link to virtual plots before the formal launch. The ‘MetaCities’ will use the LANDs to eventually introduce content created by individuals within Dvision Metaverse.

What else is there to know?

The Dvision team created DVG (Dvision Gold) a new rewards program. This is a digital reward currency which is needed to improve PETs and allow consumers to use P2E (Play to Earn) in Dvision World. The staking period can be broken down into three stages: one month, three and six months. Users will get a higher payoff if they stake longer. ‘Random Building Boxes’ will also be distributed beginning with the 90-day staking period. There is no difference in the type of building. However, users will always receive one regardless of whether they open a random box.

It is worth mentioning Dvision Network’s technological advancements in recent times. They have integrated Coinbase Wallet and Bitski with Wallet Connect, Wallet Connect, and Fortmatic which allow their metaverse users to have a simplified and varied access to their virtual world. Dvision Network previously announced that they are going completely on-chain and integrating Filecoin and IPFS data storage solutions to securely store their data.

About Dvision

Dvision Network, a blockchain-enabled NFT network, aims to be the best in business. Dvision utilizes its VR technology to create a cutting-edge metaverse environment that is accessible to all users worldwide. Designers, companies and all users can enjoy a dynamic and rewarding metaverse experience. Visit Dvision’s website, Medium, Telegram and Twitter channels for additional information and frequent updates.


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. Bitcoin.com does not assume any responsibility for any loss or damage caused or alleged by the use or reliance of any content, goods, or services mentioned in this press release.

Bitcoin.com Media

Bitcoin.com is your best source for all things crypto-related.
For press releases, sponsored posts, podcasts, and other options, contact ads@bitcoin.com

Image Credits: Shutterstock, Pixabay, Wiki Commons

Read More

Continue Reading

NFT

Aave Launches Social Media Project Lens Protocol With Over 50 Apps Built on Polygon

Aave Launches Social Media Project Lens Protocol With Over 50 Apps Built on Polygon

The blockchain firm Aave has launched the Lens Protocol, a social media project with applications built on the Polygon blockchain. Lens is similar to the social media platform Twitter but Lens profiles are linked to a non-fungible token (NFT) that can be ported into decentralized applications.

Lens Protocol Is Live – Aave Founder Believes People Are ‘Ready for a Better Social Media Experience’

On Wednesday, the blockchain company Aave announced that the Lens Protocol is now live and roughly 50 applications have debuted on the platform. Aave first revealed the Lens Protocol during the first week of February 2022 and the first applications are built on top of the Polygon network.

Stani Kulechov, CEO and founder of Aave Companies said the recent Twitter ordeal with Elon Musk shows that people are looking for something different than the incumbent social media platforms. “The social media experience has remained relatively unchanged for the last decade, and much of that is due to your content being solely owned by a company, which locks your social network within one platform,” Kulechov said in a statement sent to Bitcoin.com News.

The Aave founder added:

But ultimately, as seen from Elon Musk’s bid to purchase Twitter, people are ready for a better experience than what they’re used to. Ownership over not only the content you create online, but also your profile and social network is long overdue, and empowering users is what Lens aims to achieve.

Lens Boasts 50+ Social Applications and Creator Monetization Tools Built on Polygon

The 50 applications built on Lens covers social applications to creator monetization tools, the announcement notes. Lens users that have already minted their NFT profile can access any of the applications such as Peerstream, Lenster, Swapify, Spamdao, and more. “Building a Web3 social media platform on Lens Protocol has opened up a new realm of possibilities for our development team and users,” @yoginth.eth the founder of lenster.xyz remarked during the announcement.

Lens Protocol will provide users with the foundations to leverage full ownership over their “profile, content, and relationships” while plugging into any decentralized application. G.Money, the NFT filmmaker and creator, detailed that lens will empower the platform’s userbase. “An open social graph will allow creators and brands to fully own content distribution and their audiences in a truly multi-platform way. Lens empowers platform choice and opens up wider audiences through direct creator/brand-community relationships,” the NFT filmmaker said.

What do you think about Aave’s Lens Protocol? Let us know what you think about this subject in the comments section below.

Jamie Redman

Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Read More

Continue Reading

Trending

Copyright © 2017 Zox News Theme. Theme by MVP Themes, powered by WordPress.