An announcement by NFT-based luxury lifestyle metaverse catalyst, Trace Network Labs, recently launched its first product, Buddy.
Trace Network Labs is building a blockchain-powered platform that will allow lifestyle brands to launch multi-chain, multi-verse products for residents of the metaverse. Metaverses are parallel digital realities in which people are represented by their digital twins or “avatars” and can do pretty much most of the things that are possible in reality: work, play, and socialize.
The project aims to be a leader in the combination of NFTs, DeFi and digital fashion.
Blur the lines between physical and virtual domains
At the heart of the metaverse identity of users, Buddy strives to be the next generation of humanoid avatars that go beyond PFPs and allow residents of the metaverse to truly express themselves through their avatars. Buddy is intended to be Trace Network Labs’ springboard for creating metaverses powered by NFTs and digital fashion. Under Buddy, all fashion items, from avatars and clothing to accessories, would be minted and stored in the chain as NFTs. Users can create an unlimited number of avatars and modulations of those avatars with Buddy and dress up for any event on the metaverse using their digital wardrobe. Buddy allows one to perform tasks in the metaverse, buy gadgets, play games, socialize and negotiate with their avatars, and fully personify their metaverse avatars.
The company sees Buddy as a revenue-generating asset with future value to its owners, rather than just a digital one. It also hopes to pave the way for immersive experiences in virtual meetings and events hosted on metaverse platforms and enable a new facet of virtual storytelling. As Google login is for Web2.0 applications, Buddy will be for entering a metaverse.
Buddy has the potential to play a role in identity creation in metaverse social contexts and enable authentic virtual representation of users. Additionally, Metaverse will allow its users, called Buddies, to purchase limited edition portable NFTs from Trace Network’s BLING NFT marketplace.
Trace Network goes one step further and also plans to launch its NFT BLING Marketplace in the next quarter. The marketplace will be a forum for people to buy and sell lifestyle products as well as enable NFTs and Buddies to build their digital wardrobe and equip their Buddy avatars across the metaverses. The Marketplace aims to link real world goods and non-replaceable virtual tokens that would be minted to represent particularly limited luxuries such as dresses, wallets, handbags, beauty accessories and much more!
What awaits us for Trace Network
At this point, it is very clear that the next step in the global journey to digitization is the widespread adoption of the metaverse. And with its new roadmap and plans, Trace Network appears to be on the perfect path to enable experiential commerce, where people can tap into a variety of shopping and entertainment experiences with their knowledge.
In addition to ticketing PFPs and NFTs, Buddy could pave the way for how the next generation could interact within the metaverse by completely redefining social construction and self-identity!
With its first mover advantage and primary focus on fashion and lifestyle NFTs, it is even better positioned to become a household name in the space.