MetaGenus HS 1
MetaGenus HS 1
Oct 17, 2022 - Oct 23, 2022
Marketplace: OpenSea OpenSea
Blockchain: Ethereum Ethereum

ILLUSORR, in collaboration with Verified Creators Pedro and Aman, has launched "The First 1000" collection of uniquely designed avatars that are etched in blockchain as the first 1000 avatars made by the creators. This collection is the first of many NFT projects that ILLUSORR plans to launch in partnership with Verified Creators. Each collection will have a metaverse experience where holders can use their fully functional 3D NFTs, which are interoperable and can be taken to any other metaverse platform. In 2023, ILLUSORR plans to launch four unique cities, each designed with a different theme and built on different blockchains. For the first city, ILLUSORR has partnered with Polygon Studios to build on Polygon. Before launching these cities, ILLUSORR will release its second avatar collection called "ILLUBeings." This collection will also have four themes to match the four cities. Holders of the MetaGenus HS 1 collection will receive airdrops of four free ILLUBeings from each theme. Therefore, when you purchase one MetaGenus HS 1, you are effectively buying five avatars in total.

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Explanation of the Key Terms

NFTs

A non-fungible token, or NFT, is a unique digital asset that represents ownership and authenticity of an item. NFTs use blockchain technology to ensure that each token represents a one-of-a-kind item, such as a piece of art or music, and cannot be exchanged for an equal value.

Polygon

Polygon (formerly known as Matic Network) is a layer 2 scaling solution for Ethereum. It provides a faster and cheaper way to transact on the Ethereum network, making it an attractive alternative for developers who want to create dApps or launch NFT projects without worrying about high gas fees and slow transaction times. Polygon uses a proof-of-stake (PoS) consensus mechanism, which is more energy-efficient than Ethereum's proof-of-work (PoW) mechanism. Polygon also has its own native token, MATIC, which is used for transaction fees and as a governance token for the network.

Blockchain

Blockchain is a distributed ledger technology that allows for the secure and transparent storage and transfer of data. It works by creating a network of nodes that are connected to each other, with each node having a copy of the ledger. Transactions are verified by the nodes and added to the ledger in the form of blocks, which are then linked together in a chain. Because each block contains a unique hash that is generated from the previous block's data, the blockchain is inherently resistant to tampering and fraud. This technology has the potential to transform industries by reducing costs, improving security, and increasing efficiency.

Metaverse

The metaverse is a virtual shared space where users can interact with a computer-generated environment and with each other in real-time. It is a concept that has been popularized in science fiction but is now becoming a reality thanks to advancements in technology. In the metaverse, users can create and customize their digital avatars, explore virtual worlds, and engage in various activities such as gaming, socializing, shopping, and more. It is an immersive and decentralized environment that has the potential to transform the way we work, play, and interact with each other in the digital age.

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