Skip to main content

OVRLands Mints 778k NFTs on Polygon

And so it’s another significant feat achieved by OVRLand.

OVR (a non-fungible tokens – NFTs) metaverse has hit another milestone by minting over 778k NFTs in about six days to become arguably the biggest and most active gas burner on Polygon. Currently, OVRLand has the largest owners community, more extensive than the Metaverse incumbents like the Sandbox and Decentraland.

According to the team, OVR boasts the most active NFT community in the metaverse.

NFTs are basically digital assets that are situated on blockchain technology. Ideally, they’re a unique set of non-interchangeable tokens that offer individuals the power to own as well as fully control a digital item.

Every NFT comes with a specific digital identifier that can’t be copied, subdivided, or substituted. That way, together with the immutability that blockchain technology offers, makes NFTs valuable assets for not only certification of authenticity but also ownership.

Also, OVR is a decentralized structure for AR metaverse, whereby the physical space integrates with the digital world to come up with an excellent user experience that features unlimited possibilities.

There’ll be over 1.6 trillion OVRLands in the OVR metaverse. Every LAND measures about 300 sq. meters and has a hexagonal shape, given that the contact points between every hexagon are lateral with a similar distance always from the center.

OVR migration to Polygon Network means that now users can easily make payments, while other features have been made easy. Moreover, the transition means that Merkle Proof and minting functions have been transferred effectively from the Ethereum network to Polygon. Therefore, it means that users can mint OVRLands successfully on the Polygon Network for barely a few cents.

Interestingly, the cost of minting OVRLands is reduced by adding the Polygon Network payment to the BSC and Ethereum payment scheme in the primary market. That way, it massively lowers the cost of transactions.

Moreover, the secondary market is already up and running too. With it, users can enjoy several benefits like;

  • Batch minting of every light-minted OVRLands.
  • Direct NFT minting of the new primary market sales.
  • Users who registered without the declaration of personal custody wallets will have an opportunity to generate one.
  • The bridge of NFT from Ethereum to Polygon.

There’s much more on the cards; you just need to stay tuned!

 



from NewsBTC https://ift.tt/lPm4fXQ
via IFTTT
Labels:

Comments

Post a Comment

Any questions, Please.

Popular posts from this blog

Five Bitcoin Price Charts Analyzing The Dramatic Q1 2022 Conclusion

There are only hours remaining until the Q1 2022 close in Bitcoin price action. With the important quarterly candle set to close tonight, let’s look at what technicals might say about the direction of the next quarter. Q1 2022 Comes To A Close For Bitcoin The first quarter of a year, often sets the tone for the year to come. In investments, a poor Q1 performance is indicative of a bad year ahead. Considering the fact that Bitcoin price is now above $45,000 after touching $32,000 this quarter, it is tough to say the performance has been “poor” by anything other than crypto standards. Related Reading | Bitcoin Weekly Momentum Flips Bullish For First Time In 2022 The cryptocurrency has recovered nearly 40% from the low, leaving a long wick behind. Such a long wick suggests that before the quarter came to a close, buyers stepped up in a major way. Buyers were able to step up in a larger capacity in Q1 2022 than bears were able to in the final quarter of last year. The bearish wick to cl...
Post a Comment
Read more

FTX hacker reportedly transfers a portion of stolen funds to OKX after using Bitcoin mixer

On-chain activity suggests that the hacker has sent at least 225 BTC (4.5 million) to OKX so far. Hackers who drained FTX and FTX USA of over $450 million worth of assets just moments after the doomed crypto exchange filed for bankruptcy on Nov. 11, continue to move assets around in an attempt to launder the money.  A crypto analyst who goes by ZachXBT on Twitter alleged that the FTX hackers have transferred a portion of the stolen funds to the OKX exchange, after using the Bitcoin mixer ChipMixer. The analyst reported that at least 225 BTC — worth $4.1 million USD — has been sent to OKX so far.  1/ Myself and @bax1337 spent this past weekend looking into the FTX attacker’s deposits to ChipMixer. It appears they’ve likely been transferring a portion of the stolen FTX funds to OKX after withdrawing from CM So far we’ve accounted for at least $4.1m (255 BTC) sent to OKX pic.twitter.com/C46JZWtktn — ZachXBT (@zachxbt) November 29, 2022 According to ZachXBT, the FTX h...
Post a Comment
Read more

2 metrics signal the $1T crypto market cap support likely won’t hold

Despite the 8.5% weekly rally in cryptocurrencies, the lack of stablecoin premiums in Asia and futures markets activity shows buyers’ lack of confidence. Cryptocurrencies broke the $1 trillion market capitalization resistance on Oct. 26, which had been holding strong for the previous 41 days. Despite Bitcoin’s ( BTC ) modest 5.5% weekly gains, the aggregate value of 20,000 listed tokens increased by 8.5% between Oct. 24 and 31. Total crypto market cap, USD (in billions). Source: TradingView The cryptocurrency market was positively impacted by a 6.3% weekly rally in the Russell 2000 mid-capitalization stock market index. Some encouraging news accompanied the positive tailwinds from traditional markets. For instance,  55,000 BTC was withdrawn from Binance on Oct. 26, a record high. Typically, analysts consider the reduced number of coins deposited on exchanges a bullish indicator, as the immediate selling pressure eases. Moreover, exchange and wallet provider Blockchain.com ...
Post a Comment
Read more