Businesses building a social media and online presence can go one scale up once they build their presence on Metaverse. Metaverse is the next platform after social media, where businesses will look for their targets.
Highstreet offers such Metaverse for businesses, both traditional and decentralized. They have banded with several platforms, thought leaders, and funds to offer a new opportunity to the world.
The Highstreet marketplace allows you to make virtual storefronts within the Metaverse and in web3. The next generation of shopping is already unfolding on Highstreet. You can read this article if you want to know about this play and earn Metaverse.
What Is High Street?
Highstreet is a play-to-earn decentralized metaverse based on commerce. The platform is built using virtual reality (VR) support. As a result, this platform can be a bridge between the real world and metaverse properties.
Highstreet (HIGH) introduces a market for players to redeem in-game items for real-life products. Users can explore the Metaverse as they play the games. They can fight monsters and complete quests while gaining goods with both digital and real-world utility.
The platform makes a modern, entertaining, and new way of setting up a decentralized virtual marketplace. It opens up a new generation of retail shops before us.
On this platform, there are two different tokens. STREET is the primary token on the platform. For most of your commercial uses, you need the help of STREET. For example, you can buy armor, heals, travel tickets, weapons, and hotel stays using STREET.
The other token, HIGH, is a governance-heavy token. Gamers with this token can vote on the major decisions made on the platform. Users can also profit through staking, and they can also buy products on the marketplace using HIGH.
Who Created Highstreet
Highstreet, the Metaverse is a rebranding of a computer vision company named LumiereVR, Established in 2015. The company focused on elevating the retail experience using VR technology. The co-founders of the previous brand of Highstreet, LumiereVR, are Travis Wu and Jenny Guo.
Travis Wu has a background in VR and is also an experienced software developer with a passion for blockchain. He studied entrepreneurship at the University of Draper University. He also studied computer science in Ontario.
Jenny Guo, the co-founder of this crypto, majored in electronic art and political studies at Bard College. She also studied creative production at Colombia University. In addition, she is an award-winning film producer.
What Is Unique About Highstreet?
Here are some features that make this platform unique –
Both Physical And Digital Access To Assets
One unique feature of Highstreet is that it thins out the boundaries between the virtual and the real world using MMORPG. All the items on the platform come as ERC-721 NFT tokens. Purchasing the digital fraction of a product allows users to use it virtually. But purchasing the NFT allows users to receive and use the item in real life.
Authentication
Another unique feature of his platform is its authentication process. Highstreet’s gamified world allows only authenticated, and trustworthy sellers can join the platform.
Bonding Curve
Another unique feature of Highstreet is its bonding curve. It is a mathematical function allowing the platform to calculate the price of an asset according to its availability in the market. Thanks to the bonding curve, the buyers get product liquidity, and the sellers get the feature of automated price discovery.
In-Game Presence For Brands
Brands, both startups and established, can participate and make an in-game appearance on the platform. This is a brand new opportunity for brands to expand their reach beyond the internet and grasp modern-day young consumers through an interactive and entertaining platform.
High Street Crypto Price Prediction
Metaverse is the new era in gaming, and the entertainment industry opens up a good opportunity for gamers and investors. It is tempting to want to invest in the tokens on the Highstreet platform.
But is it HIGH worth investing in?
At the time of writing this article (The first week of August 2022), the price HIGH is $1.99. The trading volume of this crypto is $17,259,064. The current market cap rank of HIGH, according to Coinmarketcap, is around #577. The live market cap of this crypto is $24,510,998. There are 12,302,500 HIGHs in circulation with a maximum supply of 100,000,000.
Currently, the market of this crypto is a little down. If you are an investor, you can buy it from several exchange platforms. Here are some exchanges where you can purchase Highstreet.
Both STREET and HIGH, the native tokens of the Highstreet platform, are unique and might be worth investing in (only after calculating the risks).
Crypto tokens are volatile, and the risk involved is often minimal to severe. Similar VR and metaverse platforms are in the competition. You can take APEcoin and Decentraland, for example. Before investing in any of these tokens, you must take both volatility and competition into account.
Frequently Asked Questions (FAQs) :
I thought you might have more questions, so I answered some of the most popular ones asked on the internet about Highstreet.
1. What Is High Street Market?
The High street market is a metaverse market where consumers and brands can break the boundaries of the virtual world and real world using a new MMORPG. The platform incorporates NFT, shopping, gaming, brand appearance, and much more.
2. How Do You Get High Street Coins?
If you are a user of this platform, you can gain coins through different activities like attending social activities, completing quests, and socializing with players.
3. Why Are High Streets Important?
The platform enables brands to maintain a virtual appearance on this Ethereum-enabled platform. They can open their virtual stores on this platform and sell to a brand new base of consumers.
Bottom Line
While other VR metaverse platforms are more game and entertainment-centric, Highstreet tends to aim towards a virtual storefront. It might usher in a new age of consumer behavior and retail business. If such technology interests you, then Highstreet might be worth the investment.
You can take it as an experiment and only invest your surplus money. I hope that this article was able to help with the required details about this platform. If you are looking for any further information, you can ask questions in the comment section.
