Metahero Announces the Launch of Their Ultra-HD Metascanning Technology Fueled by the Native Deflationary Token

Metahero Announces the Launch of Their Ultra-HD Metascanning Technology Fueled by the Native Deflationary Token

LONDON, June 21, 2021 (GLOBE NEWSWIRE) – The creators of Codewise release a new project that will revolutionize 3D scanning and cryptocurrency adoption, Metahero.

Metahero is a metascanning technology that can create ultra-high-definition personalized avatars and digital items to be used across the metaverse and various industries: medical, fashion, engineering, education, and more. Among others, this technology has been previously used to create characters for the CyberPunk 2077 game by CD Projekt.

Metahero 3D Chambers

The Metahero technology uses mobile 3D Chambers consisting of 16 mobile pillars equipped with a server unit and 4 cameras each. 64 apparatuses in total are snapping pictures at a full synchronization.

Chambers can scan up to 4 people at a time, in various poses or in motion, one scan every 120 seconds, 400 scans a day, and 150,000 a year. At the initial price of $200 per scan in HERO token — a Metahero’s native currency, the 3D Chambers could create a yearly revenue of circa $150M.

Initially, 12 Chambers will be distributed around the world in strategic, highly-urbanized locations with a significant interest in technology and gaming.

The first Chamber is already functional and traveling to the first global location in Doha, Qatar. The 3D technology and mobile Chamber units lie at the foundation of the project’s revenue model, leased in the form of a franchise to Metahero partners, with all transactions, royalties, and payments in HERO token.

Metascans on Blockchain

The project’s secret weapon is blockchain technology. It will be possible to use ultra-HD metascans to generate NFTs (Non-fungible tokens) and earn rolling royalties from selling and trading personal avatars, art, and other 3D models on the Metahero marketplace and secondary markets.

The goal is to create a business revenue model completely based on a Metahero’s native utility token, HERO. If succeeding, it could be the first time crypto tokens have actual use other than crowdfunding and speculation.

HERO Token

The initial number of tokens will be 10B HERO with various locking mechanisms in place to limit pump and dump schemes. Additionally, HERO is a deflationary token, meaning that the total supply of tokens will diminish over time, and their value should naturally increase.

June 21th, the HERO token launches as a public presale exclusively available on Tenset Gems Platforms. Anyone with 1000 10SET tokens can partake. Private and public presales will be priced the same, collecting 10,000 BNB total, covering 20% of the total HERO supply.

July 5th, HERO will launch publicly on Pancakeswap v2. All of the 10,000 BNB will be added to liquidity and locked permanently.

Media Contact

Company: Metahero Limited

Email: marketing@metahero.io

Website: https://metahero.io/

SOURCE: Metahero Limited

Flow Price Down By 1.28% – Time To Buy FLOW?

The cryptocurrency market generally appears to have mellowed down a little over the past few days. Flow (FLOW) is one of the assets that are trading lower today. Investors may want to take this price as the asset’s ‘calm before the storm’ and buy FLOW.

The FLOW token is poised for growth due to the massive adoption and the recent boom of non-fungible tokens (NFTs). This article seeks to explore the Flow blockchain and determine if this is the right time to buy FLOW.

Flow: An NFT Focused Blockchain

Developed in 2018 by Dapper Labs, the company behind CryptoKitties, the Flow blockchain has become more relevant since NFTs gained wide adoption.

DapperLabs is led by founders Roham Gharegozlou, Dieter Shirley, and Mikhael Naayem. Dapper Labs is also the company behind the ultra-successful NFT platform NBA Top Shot.

The team developed Flow to specifically address scalability issues right after the success of CryptoKitties of 2017.

The Flow blockchain enables developers to build new, unique, and massive crypto-focused businesses and decentralized applications (dapps).

It is a fast, decentralized, and developer-friendly blockchain, designed as a foundation for the new generation of apps, games and the digital assets that fuels them.

The FLOW token is the native asset of the Flow network. It fuels the network and all the applications built on it. The token is used by developers, validators, and users to participate in the Flow blockchain and earn rewards. It is also used to pay fees and to participate in future protocol governance.

Flow uses a multi-node or four-node architecture that enables it to be faster and more scalable without using layer two solutions like the Ethereum network. The nodes are called the Collector Nodes, Execution Nodes, Verifier Nodes, and the Consensus Nodes.

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FLOW On A Bullish Run

FLOW is currently trading at $17.54 and is down by 1.28% on the daily trading chart. The asset is ranked at 92nd position on the most valuable crypto chart and has a market cap worth over $600 million.

FLOW hit an all-time high (ATH) of $39.21 in April this year. However, a month after the crypto market crash, the asset shed more than half its value.

At the end of May, FLOW was trading at $12.93. It dipped even more and was trading at $6.67 on June 22. However, the ERC-20 token appears to be on a rebound, and this might be a great time to buy FLOW.

FLOW Technical And Fundamental Analysis

The FLOW coin is bullish on the trading charts despite its drop in price in the last 24 hours.

The crypto asset is trading above the 20-day moving average (MA) support price of $17.32. Its relative strength index (RSI) is at 61.81, meaning it is trading dangerously close to the overbought level.

Market experts are also bullish on the digital token. FLOW is expected to break through the $27.52 mark by the end of the year, per Digitalcoin. Its seven-year forecast puts FLOW at $82.8.

The Flow ecosystem has seen a couple of developments over the last few weeks. The Flow blockchain announced the launch of its native fiat-backed stablecoin. The Flow stablecoin called FUSD is done in partnership with financial infrastructure provider Prime Trust.

It was also revealed that USD coin (USDC) is coming to the Flow network. Other networks the Coin would go live on include Avalanche, Celo, Hedera, Kava, Nervos, Polkadot, Stacks, Tezos, and Tron.

Flow is also continuing to innovate in the NFT space. It recently powered CNN’s genesis NFT named “Vault by CNN.” The NFT collection was minted on the Flow blockchain and featured moments from the cable news network’s 41-year history.

Flow is also set to host Rarible’s new NFT marketplace. Rarible recently raised fresh capital of $14.2M to launch on Flow alongside hiring new employees.

Institutional investors also see potential in the Flow network. Regulated digital bank Anchorage Digital added custody and staking support for FLOW towards the end of June due to significant demand from institutional clients.

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Warner Bros. Drops Massive Space Jam NFT Collection

Space Jam: A New Legacy is the biggest non-fungible (NFT) token collection for a movie ever with nearly 100,000 items up for sale.

Warner Bros. sent a shockwave through the NFT word on Monday with the announcement of a new NFT collection tied to the soon-to-be-released Space Jam sequel, Variety reports. The collection contains a staggering 91,000 limited-edition NFTs featuring characters from the movie Space Jam: A New Legacy, including future NBA first-ballot Hall-of-Famer LeBron James. Eight Looney Toons characters will be featured including Bugs Bunny, Tweety Bird, Daffy Duck, and Porky Pig.

Part of the NFT sale is aimed at making sales of this nature easier to jump into for the average consumer. With that goal in mind, the collection is offering a pair of free NFTs to get people started and understand ownership of digital assets a bit better. To claim one, users must register at Nifty’s, the startup that is hosting the launch. The other free NFT can be earned by sharing a post about the giveaway on social media. Other than that, the remaining NFTs can be purchased on Nifty’s for $2.99 each.

The NFTs will all be sold at that flat rate, which does make them much less exclusive than other similar tokens, but the Space Jam collection is more about offering them to everyone. To make collecting more interesting, a rarity scale was added to the set so, much like buying a pack of baseball cards, you have a chance to get ultra-rare variants of each NFT. The rarest category, called Legendary tier, will only see ten copies of each card printed.

The two free-to-earn cards are not an exception to this and, as all sales of the Space Jam collection, will be randomized and include all levels of rarity.

Warner Bros. working to bring NFTs to the masses

Palm NFT Studios worked with Warner Bros. to develop the Space Jam collection. The company provides an energy-efficient way to mint NFTs for the mass market that reduces power usage by 99% according to Palm NFT Studios.

Nifty’s was considered a surprise choice for many to play host to this massive collection because they are a very young startup with much less experience than many at handling such a project. Pam Lifford, President of global brands and experiences for Warner Bros., stated that the two companies had shared goals of bringing NFTs to the average everyday household. “That goal, combined with our constant focus on creating lasting connections for our fans, is what makes this NFT program so exciting for us,” she said. “And while NFTs are growing in popularity, we’re excited to work with Nifty’s to bring these fan engagement opportunities to the next level.”

According to CEO and Co-founder of Nifty’s, Jeff Marsilio, “we’re emphasizing community, engagement, discoverability, things that go beyond buying and selling.”