MetaFabric, a decentralized platform for identity verification on the blockchain has released its Metaverse identification NFTs (Non-fungible tokens).
MetaFabric is a blockchain-based platform that enables the creation of digital assets. The company has announced the launch of its Metaverse Identification NFTs, which are built on top of the Ethereum network. Read more in detail here: where do you buy nfts.
MetaFabric, a next-generation communications service, has released the first of its Metaverse IDs. A new kind of digital identity created with the goal of navigating the virtual world.
The MetaFabric platform’s backbone will be IDs, which will enable users to connect all aspects of their digital character. It does this by using an NFT to represent a unique handle and web URL. Users may then add a variety of digital decorations to their identity.
When fully operational, the objective is to provide a single hub for accessing and storing digital commodities including wallets, NFTs, avatars, and personal data, resulting in a rapid and efficient entry point to the metaverse where the information included belongs exclusively to the user.
MetaFabric’s Metaverse ID is now available! Now is the time to sign up: https://t.co/YiD0qzYMUR
Share your ID on your social media. Tag @meta_fabric & your metafriends. Let’s find out who will be the first to create ID #1 and what will it be. The game is on. pic.twitter.com/umtFVcrAve
December 30, 2021 — MTAFABRIC (@meta fabric)
The launch will be split into two sections, the first of which is now going place under the pretext of a Dutch auction. Prices begin at $1000 and gradually decrease until they reach a plateau, with the final amount determining the price for the second phase, a public auction. However, since user IDs are completely unique, the most popular names will be the first to vanish.
Users must have an ETH wallet filled with $FABRIC, the platform’s native coin, in order to participate. Then go to the MetaFabric website and create a user ID. However, the fee paid (excluding gas) will be burnt by the MetaFabric team, reducing the total amount of tokens in circulation.
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