OVO is a great new platform which aims to issue several exciting non-fungible tokens. This platform originates from Japan. However, it is available worldwide for all users who are interested in NFTs. The team integrated the latest and most advanced AR-NFT technology into their network. As a result, you can provide excellent end-to-end NFT solutions for various content. However, the company focuses on high-quality products.
In addition, the OVO platform will gradually integrate Issue, Market, Auction, Mystery Box, Mining, Merging and other features. He also plans to deliver Super Avatars in the coming months.
Nyathees is a very popular Anime character in Japan. It already has 5 million downloads on the LINE store, not to mention other markets. The OVO team partnered with its creators and launched the Nyathees non-fungible tokens on the OVO platform last year. The number of NFT sales has already exceeded 60,000, while transfers have occurred more than 100,000 times.
While the team was pleased with such partnerships at first, it had more ambitious plans. The company wants to create its own OVO Metaverse. The team will call it MetaArtia. OVO plans to import various popular projects or content into its Metaverse. Furthermore, all NFT assets issued on this blockchain will need to implement their applications on MetaArtia. Thus, customers will be able to interact with their Avatars in MetaArtia.
The platform will also have its own native token. The team plans to launch the OVO token ICO sale on March 21, 2023. It will end on March 22, 2023. OVO will be an ERC20 token and will trade for $0.16 during the initial coin offering. However, the price of the token is likely to increase over time. The company aims to raise $150,000 during the sale. The total supply of tokens is 240,000,000, but only 18.75% will be available for purchase at this stage.
What is OVO Super Avatar and how does it work?
The team announced that the platform would process non-expendable assets issued in OVO in the near future. It will then transfer them to any metaverse platform connected to the OVO website. For example, the company posted “Nyathees,” a famous two-dimensional character, in Japanese on the OVO platform. As a result, users can now purchase their NFT card, along with other basic features such as NFT transactions and mining. However, this platform has one advantage, unlike other similar ones. It also allows clients to use it on other metaverse platforms, which is a rarity.
Furthermore, the company stated that in such a case, customers could use Nyathees and other IPs as their Avatars in different Metaverses. These avatars have AI ability which is an added bonus. That means clients can train their avatars and teach them to understand what they want to do. As non-fungible tokens, each Avatar will be totally unique. These friendly characters will bring a lot of joy to their owners.
OVO has far-reaching goals. His goal is to build an immersive creation system eventually. The latter will be based on XR (VR, AR, MR) technology. Any creator will have the opportunity to create unique non-fungible tokens in the virtual space created by the company. Also, they can easily distribute their tokens to various metaverse platforms afterwards. The team plans to present the preliminary form of the OVO metaverse soon.
What makes this platform stand out from the rest?
OVO is a pioneer in some respects. Although Defi projects are numerous and it is difficult to surprise markets with a new one, this project definitely brings innovation. It also employs a splendid virtual asset rights authentication scheme. The latter is also called the Dual Copyright Inspection Mechanism (or DCIM).
According to the team, this scheme is made up of the upper-level asset management mechanism as well as the lower-level copyright verification. The lower level involves copyright cooperation, along with a license agreement represented by non-fungible tokens. For its part, the upper level is actually the circulation mechanism for the management and issuance of said assets.
The company noted that the NFT created on its platform would be based on ERC1155 and ERC721. In addition, the DCIM mechanism will have several advantages. Thanks to it, customers will be able to solve various problems related to virtual asset rights authentication. Overall, this project has great potential. It also has an experienced team and a great roadmap.
