Overview
Metahero is a company that uses 3D scanning technology in conjunction with web3’s concepts like blockchain and tokenization to create unique avatars and objects like NFTs. This technology utilizes the Internet of Things to scan an object, collect relevant information, and reproduce it in 3D. This way, the platform allows users to turn anything of interest into NFTs.
For this decentralized metaverse to offer its users much more in terms of world-class 3D printing, it has partnered with Wolf Studio, a company with profound technology that has been featured in the fashion, gaming, and music industries. This way, it can effortlessly bridge the gap between reality and the digital world and apply its solutions through tokenization, generating more NFTs in these sectors.
To make users engage with the platform and be able to make their own NFTs, the metaverse employs DeFi – Decentralized Finance – and the use of its token, HERO, which is a Bep-20 based on the Binance Smart Chain. This token allows users to make purchases on the NFT marketplace, pay royalties to original owners, or fund their 3D scans. Furthermore, the token employs a deflationary model through which the token decreases in circulation over time. This makes the token scarce and increases its value over time.
Play-to-Earn
Play-to-earn is one of the distinct features of this Web3-powered metaverse that also makes it popular. Asides from playing using various characters in the game, you can scan yourself with the help of a high-quality camera and the Internet of Things into the game and play. Every competition you win rewards you with a HERO token equivalent.
Furthermore, you can scan anything into the game and make them your property. You can then license them to developers around the world using DeFi, to create streams of revenue for yourself. With the top-notch technology offered by the platform and the incorporation of web3’s tokenization, you can create unique and high-quality NFTs which you can either auction, trade for other valuables, or sell at the platform’s marketplace.
Staking
Staking your HERO CryptoToken can make you earn more of it, and the longer and the more crypto token users stake, the more of it they get. This is due to the company trying to encourage holders of the token to hold onto it to ensure its scarcity. Also, staking ELAND can make you earn more rewards and other crypto tokens.
Security
To store your crypto token, you must select one compatible with your token. Since the BEP-20 network is relatively new, not all platform supports it, so you need to know the BEP-20 supported wallets and select from them. Wallets are classified into custodial wallets, non-custodial wallets, Hot wallets, and Cold wallets. Custodial wallets help you store your private keys. This means you cannot completely control your wallet and can’t connect with DApps (decentralized applications).
