The Metaverse is here now, to revolutionize how we interact, connect, socialize, play games, and conduct businesses with one another, not in the usual physical sense but within a shared digital space. The Metaverse is a digital 3D universe that permits enthusiasts, users, and businesses enormous opportunities for porting real-world services and assets. That is where NFTs – entities that define uniqueness and ownership of digital assets – come into play.
Traditional physical companies are joining in the fray: for example, Adidas, the German sportswear giant, was one of the first fashion brands to step into the Metaverse by launching its first non-fungible token (NFT) of digital and physical products. This innovation offers enthusiasts easy access to virtual wearables for gaming and just being in the Metaverse. Interestingly, Adidas has also created a personalized NFT itself – a Bored Ape Yacht Club (BAYC) NFT, referred to as Indigo Herz.
This virtual world translates to virtual spaces and real estate. NFTs are used to hold ownership of such assets in the Metaverse; one of the core use cases of such NFTs in metaverse projects includes selling, leasing, and renting virtual land for passive income, alongside building other structures like virtual shops and hosting events, just like you would in the real world.
However, unlike the real world, the various Metaverse are all walled-in: they all use different formats and there is no way to share assets across each one. You cannot move from one Metaverse to the other wearing the same clothes for example. This is the biggest pain-point today in the growth of the Open Metaverse, where if you buy a pair of Adidas shoes in one Metaverse, your avatar can still wear them in another. Now you can’t.
Smart MFG aims to solve this by launching the first 3D NFT Marketplace for interoperable assets across Metaverses targeted to digital 3D Modelers, 3D NFT Makers, physical makers, 3D Concept Artists, and Gamers. Being on the marketplace would aid them to personalize and showcase their digital collections in virtual reality galleries, authenticate their work with a tokenized certificate, set their prices, run auctions, and collaborate with other onboarded creators, across all platforms.
The benefit of adding interoperability to the 3D assets is two-fold: creators have the opportunity to sell their NFTs not once, but many times to be used across all Metaverses; and gamers increase their liquidity opportunities by having a lot more assets available to lease, buy and play, thus increasing the Play-To-Earn economy and their earning potential.
5 Transformational Changes MFG Promises in 2022
1. First NFT Marketplace for 3D interoperable assets
With the mission of building the foundations for an Open Metaverse through the activation of interoperable 3D assets, the new Smart MFG NFT Marketplace will revolutionise how NFTs work across platforms.
Some of the unique features of the 3D NFT marketplace by SmartMFG include:
- Interoperable 3D assets (asset transformation)
- NFT value creation through community-based marketing
- Auction services
- Lazy Minting
- Digital Permanence – an ability to restore purchases from scratch
- Incentivizing users that stake to access the platform perks with $MFG token
- 3D printing on-demand and other digital-to-physical abilities
- Surprise incentivization of Blind Box users for being part of the MFG ecosystem.
- Easy on-boarding and payment facilities (Eth, MFG, Matic, USDC, Fiat and more to come)
2. 3D Creator Ecosystem and Incentive Program for NFT Creators
As first to market, Smart MFG aims to become the “home” for NFT creators and build a 3D creator ecosystem whereby creators can showcase and sell their design collections in the digital display within the Smart MFG ecosystem to buyers worldwide. With the rapidly emerging and expanding Metaverse, Smart MFG will become the 3D NFT creator ecosystem where like-minded creators gather and buyers are drawn to for all 3D assets.
3. Smart MFG Cross Border Payments
Cross-border payments are one of the disadvantages seen with traditional banks. Moreover, such transactions are open to hackers, i.e., security issues. Hence, the need for a technology that creates trust where there is none, and facilitates a secured and innovative cross-border payment without an intermediary.
The solution is blockchain – a distributed ledger technology that facilitates smart contracts, and its applications. MFG – a native token of Smart MFG (a blockchain company), is able to bridge the gap seen with the traditional financial systems. It disintermediates and ensures censorship-resistant transactions.
4. Supply Chain DeFi Financial Services
The traditional supply chain finance industries are challenged with high-level market fragmentation, disputes, delays, costly procedures, uncertainties, skepticism between multiple intermediaries involved, and difficulty exchanging data across various players.
Smart MFG, already a leader in supply chain fabrication for industry 4.0, provides a complete digital ecosystem that facilitates equal rights of participation, user-control of data, process visibility, real-time notifications, and dissemination of information remotely. It disintermediates central financial sectors like banks, exchanges or brokerages, and employs smart contracts hosted on the Ethereum blockchain.
The MFG token aims to help manufacturers rebuild their supply chains for Industry 4.0. It assists them in transitioning into a new system that facilitates time compensation, secures sensitive information, and incentivizes suppliers to sustain a robust and responsive supply chain using the native MFG ERC20 token.
5. Market Housekeeping and Community Building
With the mission to mainstream the MFG token within and outside the existing ecosystem and launch the revolutionising 3D NFT marketplace, Smart MFG continues to build its ecosystem to make an impact across the world:
- Token identification services (Coinmarketcap, Coingecko, Etherscan, etc.)
- Portfolio tracking services (Delta, Blockfolio, etc.)
- Decentralized exchanges/AMM Platforms (Uniswap, Bancor, Kyber, Sushiswap, etc.)
- DEX aggregator services ( Paraswap, 1inch, Matcha, etc.)
- Other Services (CoinStats, Evai.io, Zerion, etc.)
We are currently exploring discussions with numerous synergistic companies and projects from different verticals to integrate or partner. We have been exploring potential new collaborations and integrations/modalities to further compliment our roadmap for the NFT marketplace and subsequent developments. We are also focusing communication with creators, users, and partners, hence, becoming the lead driver of the rapidly growing NFT economy and Metaverse. Regarding community building, Smart MFG plans to pursue continued community growth that includes profile interests and skillsets that subscribe to our decentralization push and are also passionate about the burgeoning NFT and Metaverse. We are open to discussions, queries, and suggestions on creatively enhancing our community and ecosystem performance.
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ABOUT SMART MFG
Smart MFG, already a leading blockchain supply chain DeFi company, is also the world’s first 3D NFT Marketplace focused on making 3D assets interoperable across all metaverses, and enabling creators, industrial designers, and all makers to own, market, sell and authenticate their digital assets (CreatorFi), and gamers to accelerate their play-to-earn opportunities (GameFi). In addition, Smart MFG’s NFT platform aims to bridge the digital-to-physical divide for all 3D assets. Smart MFG uniquely operates at the intersection of Supply Chain and DeFi, NFTs, Metaverse and GameFi, and serves as an entry point into the Web 3.0 economy.