Ibiza enters the NFT world thanks to the partnership between Ibiza Token and Freeverse.io
Ibiza Token, Ibiza’s first Decentralised Application, and Barcelona-based tech company Freeverse today announced they are partnering to develop an NFT marketplace dedicated to Ibiza-based artists and brands, introducing the next generation of NFTs, called Living Assets, to the island and its community.
Living Assets are blockchain tokens developed by Freeverse, whose properties can be altered in response to any digital information or analytical information available related to age, events, seasons, and social media data such as retweets, likes, and ratings. It will upgrade NFTs to Active Convertible status allowing its holder to interact and change on a daily basis by adding the ability to view, share and trade.
Unlike regular NFT’s, Living Assets are highly responsive to changes within the real-time micro and macro environment of the markets they trade in, transforming NFTs from a rigid to a more fluid and active collectible. The creative skill of the owner to identify and analyze key changes and opportunities in its dedicated trading environment can add value to the asset over time by enhanced engagement, retention, and monetization.
The evolving nature of Living Assets (“NFT 2.0”) will require a more robust blockchain to handle the increase in transactions requiring the creation of a new agreement between creators and users — one that grants them full ownership of the asset, while the creator retains the ability to evolve the asset’s state.
The new platform permits Ibiza-based content creators and brands unlimited NFTs to be created, evolved, and traded at effectively zero cost while allowing users to seamlessly pay and trade in regular fiat currencies, as well as for $IBZ and other cryptocurrencies through a dedicated payment system.
The benefits of Living Assets to owners are primarily that their judgment and actions are rewarded with the potential of increasing the asset’s value over time via enhanced engagement and growth, in parallel to the real-life person or object it represents.
By the way, In order to give added value to NFTs and to bridge the digital world with the physical one, the first Ibiza’s NFT marketplace will offer some options such as the possibility of buying NFTs born from the collaboration between artists and local businesses that will give access to a series of extra content such as Augmented Reality games, experiential events and special deals across the local tourism establishments and retails. In addition to this, users will be able to buy artist’s limited editions of NFTs connected to physical items and get both of them to live a unique interactive experience.
Following Ibiza Token’s roadmap, the new NFT marketplace will be launched at the beginning of Q4 counting on a selected range of artist’s digital creations and planning a growing number of drops from week to week.
About Ibiza Token
Ibiza Token is an ERC-20 governance token on the Ethereum Mainnet, created expressly for the island of Ibiza.
Ibiza Token (IBZ) aims to connect local businesses and content creators to a wider audience to enhance the island’s excellence and create a sustainable ecosystem.
Liquidity pools, farming contracts and, AMMs alongside the benefit of a series of incentives within transactions with local businesses are some of the key features encompassed by Ibiza Token which will also enrich the holders’ experience by discovering music and art from the island through the first Ibiza’s NFT marketplace and joining special deals across a hand-picked selection of local tourism establishments and retails through a dedicated iOS/Android application.
Website: https://ibizatoken.com
Twitter: https://twitter.com/IbizaToken
Telegram: https://t.me/ibztoken ( community)
https://t.me/ibizatoken (official announcements)
Etherscan: https://etherscan.io/token/0x5aa7c403c7de4b3bb0cc07079a03e389671a4771
Polygonscan: https://polygonscan.com/token/0x428ac1de3fc08c0f3a47745c964f7d677716981f
About Freeverse.io
The home of Living Assets: NFT 2.0. Evolving — Scalable — Multicurrency — Sustainable — Certifiable.
Freeverse’s mission is to bring true ownership of ‘living’ digital assets (such as NFTs) into the mainstream.
Born from a simple idea of allowing gamers to trade their in-game assets among themselves, legally, for real money, Freeverse’s ambition is to revolutionize the concept of ‘digital ownership’, where users truly own their digital assets, yet permitting companies and content creators the right to control how those assets are used within their applications.
To accomplish our mission, we have created a platform that allows the creation of ‘Living Assets’ — NFTs that can be traded freely among users, but whose properties are regulated by their initial creators. We go beyond the concept of ‘static’-NFTs (collectibles) and permit NFTs to evolve and change according to how they are actually used. We started two years ago, and made our own game, Goal Revolution, to see how the concept could work.
Now, we’re opening up our patent-pending technology to permit any content creator to create and offer Living Asset NFTs that can be freely traded in our marketplace. We are funded by leading European tech investors.
Website: https://www.freeverse.io/
Medium: https://medium.com/freeverse-io
Twitter: https://twitter.com/Freeverseio
