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

DeFi isn’t dead, it just needs to fix these 3 critical problems

It’s been a rough year for DeFi, and it may not get any better until projects focus more on security, regulation and usability. The persistent challenges  decentralized finance  face have been well documented by a handful of analysts and the recent collapse of the Terra ecosystem re-enforced the fact that something is critically wrong with DeFi. I think DeFi today is completely broken for 99% of the population. The promise of a more transparent financial system has been overtaken by greed. UST/LUNA is just the latest in a string of bad developments: — Peter Yang (@petergyang) May 11, 2022 Let's take a look at what experts say DeFi needs to do in order to have another revival.  Improved usability To date, the promise of open and uncensored access to a global decentralized financial system has been largely hampered by the complicated interface, confusing multi-step staking processes and lack of clarity surrounding the yields on various tokens. What do you thi...
Post a Comment
Read more

ENS DAO delegates offer perspective on DAO governance and decentralized identity

AlphaWallet CEO and Spruce co-founder talk about their roles as contributors to the Ethereum Name Service following the project's recent airdrop. Earlier this month, the Ethereum Name Service, or ENS, formed a decentralized autonomous organization, or DAO, for the ENS community.  Cointelegraph spoke to two ENS DAO delegates who applied for the opportunity to represent the community and stay involved in the decision making process: Victor Zhang, CEO of AlphaWallet, an open source Ethereum wallet, and Gregory Rocco, co-founder of Spruce, a decentralized ID and data toolkit for developers. Zhang spoke about his experience as an external contributor to ENS and an early supporter since 2018. Zhang initially sought to help ENS by offering Alpha Wallet as a user-friendly tool for  resolving .eth names and cryptocurrency wallet addresses. Essentially, if a user inputs an .eth name in the AlphaWallet, it will show the wallet address, and vice versa using reverse resolution. Alpha...
Post a Comment
Read more

Institutional demand for crypto isn’t subsiding, but impact will be gradual

As another $2-trillion stimulus package looms in the U.S., institutions will continue to look at BTC as a hedge against inflation. For example, just last week, when the currency was hovering around the $30,000 threshold, a whole host of pundits was warning investors to brace for impact, suggesting that the premier crypto asset was on the verge of a correction and could once again dip to around the $20,000 region. However, in just one day, Bitcoin was once again playing with the bulls, retesting the $38,500 limit, only to witness a selloff and eventually settle around the $33,500 region. While for most crypto veterans that might have been another day at the office, others branded the upsurge as “Elon’s Candle,” which relates to Elon Musk, the CEO of Tesla, who included “Bitcoin” in his Twitter bio as well as sent out the following cryptic message “in retrospect, it was inevitable” to his 40 million-odd followers online. Regardless of the cause, has the recent price volatility sca...
Post a Comment
Read more