Welcome to the land of uncertainty as we await the results of MtGox returning Bitcoin to those who’ve waited too long for justice. With only a few profitable projects this week, Wax, The Sandbox, and Loopring have held strong with over 30% gains for holders amidst the downtrend. Here’s to hoping for a better week ahead and a new project to review with an exciting Metaverse VR Market on the horizon called Highstreet.
Introduction
Highstreet is a limited edition marketplace catered to influencer-lead brands or product collaboration between celebrities and artists. The marketplace is available both on the browser or in the metaverse through Highstreet World. Buying on the browser makes it easy for every user to visit the market, connect your wallet and purchase the products you want with tokens. In the Metaverse, if you take the ferry from Fresh Mint Island to Highstreet City, you’ll dock on a rooftop that serves as the 3D manifestation of the Highstreet Market. Based on the Unisocks proof of concept for a decentralized exchange, which demonstrated a viable path to disrupting the way physical goods are released. From a Luxury Brand’s new line of apparel to VIP Concert Tickets, Fine Dining Restaurant Reservation to Small Batch Wine and Whisky sales. Unisocks showed that any limited edition product can be sold on a bonding curve. So the Highstreet team has taken it upon themselves to build exactly that, a marketplace on the ethereum blockchain for high end brands to launch their limited edition products. Through Proof of Play users will be able to earn tokens on the platform as incentives for activity in the Metaverse. When a user participates in social-based activities, they become an interactive element of the experience and generate monetary value for the world they’re building. Play to earn by defeating monsters and completing quests, explore unique regions like Binance Beach and Realm Island where traditional and crypto brands converge. With what you earn, you buy homes across vast regions to help expand your base of operations. Citizens of Highstreet’s metaverse will also encounter FOMO Duck, a mascot with an integral role in the shared digital environment.
With Phygital ((Physically Digital) Products everywhere in the game, this allows users to upgrade their digital and real identities by buying products from brands. Buy an armor in game and get a sweater in real life to match. This collision of realities is what makes Highstreet so different from other Metaverse-inspired games. Linking the real-world to a digital identity is a very complicated endeavor. Highstreet will introduce Limited Edition products, guaranteed liquidity for buyers, and automated price discovery for Merchants to allow for universal expansion of the marketplace and its users. Highstreet takes it a step further by building this Metaverse around an immersive Virtual Reality experience. Much like the way OASIS operated in Ernest Cline’s Ready Player One these digital identities will directly affect so large real-world rewards for players. In essence, users are yield farming but instead of money, they stake their time and attention in exchange of entertainment and real world valuables. Users can earn HIGH Tokens by participating in VR activities that will fall into two categories, Achievement-based or Competition-based. These are mirror…
Hi! My name is Lark Davis!
I’m a cryptocurrency investor with years of experience and I’ve been making consistent profits in the crypto space.
I’m passionate about helping others do the same, so I run multiple educational channels on crypto investing.
