Introducing Trace Network — Defi Protocol Enabling Lifestyle For Metaverse
For a while now, there’s been lots of talks about metaverse all over the crypto space and so many metaverse projects rolling out. The fact that cryptocurrencies are already digital assets with different utilities, we can easily create a digital economy with tokens and virtual collectibles (NFTs).
What is Metaverse?
Metaverse is an evolution of the internet, combining different elements of technology. It is a network of an online 3D, virtual space where users connect, meet, game and socialize.
Metaverse is not fully in existence but some NFT video games give the closest experience of the metaverse. Boundaries have been pushed from what an ordinary game is to creating virtual economies for users to create events.
In making the metaverse fully in existence, so many blockchain networks have been creating a lot to make this possible. Trace Network is a complete decentralized protocol enabling lifestyle for multi-chain metaverse
Trace Network is an NFT-based enterprise decentralized protocol applying the potentials of composable smart contracts to enable decentralized financing options, powered by Decentralized Finance(Defi), and NFT-based merchandise identification solutions.
As we all know, all Defi protocols are created to solve problems and bring solutions to some user or enterprise problem which is what makes them unique in their own way.
Here are the solutions proposed by Trace Network for enterprise solutions
- NFT based on-chain merchandise identity management — Trace Network SDK extension will let brands move their minted NFT generated for a new product to their PLM systems.
- Traceability for movement of brand’s product(NFTs) based on merchandise identification — Since NFTs are for creating a unique identity, there’s a need for it to be traceable as part of the goal of blockchain technology. Trace Network is helping brands with real-time traceability for the movement of goods.
- On-chain NFT swap for the community — Trace Network will also help brands with an instant swap of NFTs between community members serving as brand engagement and gamification to involve them more with the brand.
Expect more from Trace Network and follow my blog for more detailed posts about this Enterprise Defi Protocol.
See Trace Network official website
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I am Bee 🐝