An announcement from NFT-based luxury lifestyle metaverse catalyst, Trace Network Labs, recently launched their first product, Buddy.
Trace Network Labs has built a blockchain-powered platform that will enable lifestyle brands to launch multi-chain, multi-verse products for metaverse residents. Metaverses are parallel digital realities where people are represented by their digital twins or “avatars” and can virtually do most of the things possible in reality: work, play, and socialize.
The project aims to be a leader in the conjuncture of NFTs, DeFi and digital fashion.
Blur the lines between physical and virtual domains
Buddy is central to the metaverse identity of users and aims to be the next generation of human-looking avatars beyond PFPs and allow metaverse residents to truly express themselves through some avatars. Buddy is intended to be Trace Network Labs ’springboard for creating metaverses powered by NFTs and digital fashion. Under Buddy, all fashion assets, from avatars and clothing to accessories, are created and stored on the chain as NFTs. Users can create any number of avatars and modulate avatars using Buddy and dress up for any metaverse event using their digital wardrobe. With Buddy, one can perform metaverse tasks, buy gadgets, play games, socialize and negotiate deals with their avatars, and fully personify their metaverse avatars.
The company envisions Buddy to be an asset that will generate revenue with value for its future owners rather than a digital character. It also hopes to pave the way for immersive experiences in virtual meetings and events hosted on metaverse platforms and create a new feature in virtual narration. Just like how Google logs in for Web2.0 applications, Buddy is for entering any metaverse.
Buddy has the potential to play a role in creating identity in the metaverse social context and enabling a real virtual representation of users. In addition, Metaverse will allow its users, called Buddies, to purchase a limited edition wearable NFT from the BLING NFT marketplace on Trace Network.
Going one step further, Trace Network also plans to launch the NFT BLING Marketplace next quarter. The marketplace will be a forum for people to buy and sell lifestyle products as NFTs and allow Buddies to build their digital wardrobe and access their Buddy avatar across metaverses. The Marketplace aims to link real-world items and non-fungible virtual tokens designed to represent primarily limited luxuries such as clothes, purses, handbags, beauty accessories and more!
What awaits us for Trace Network
At this point, it is very clear that the next step in the global journey of digitalization is widespread adoption of the metaverse. And with its new roadmap and plans, the Trace Network seems to be on the perfect path to creating an experiential commerce, where people can create a variety of shopping and entertainment experiences with their knowledge.
In addition to ticking PFPs and NFTs, Buddy can pave the way for how the next generation can engage with the metaverse by completely transforming social construction and self-identification!
With the first mover advantage and its primary focus on fashion and lifestyle NFTs, it is even better positioned to become a household name in the space.