As a persistent digital environment that can be overlapped with the real world via augmented reality, the metaverse is shaping up to become the successor to today’s world wide web — allowing users, brands, businesses, and a variety of purely digital entities to interact in real-time and physical space.
In the last year, the metaverse has gone from being a theoretical place for work, play, and social experiences to a diverse landscape of products and services — many of which offer never-before-seen capabilities and opportunities. Indeed, as an industry slated to grow at a compound annual growth rate of 39.5% between now and 2028, the metaverse landscape is set to continue to expand in scope and size for the foreseeable future.
Currently, the landscape is dominated by a handful of early movers that have the early bird advantage, making it difficult for new companies to throw their hats into the ring and begin delivering powerful products — largely due to high start-up costs, a lack of talent and little to no pre-existing standardized infrastructure.
The number of augmented reality users now sits north of 1 billion worldwide whereas the number of metaverse and metaverse-like users is predicted to reach 5 billion by 2030. Despite this, a lack of specialized metaverse SDKs has led to a disconnect between the hopes and dreams of a ready and waiting community and the scope of the products delivered by current players.
Unfortunately, due to a lack of tools and development resources, the quality of experiences is beginning to suffer, potentially hindering growth in the industry.
Nonetheless, a huge array of traditional companies see the metaverse as the next step in the evolution of their products, and dozens of popular brands have already begun experimenting with the technology — including the likes of Balenciaga, Louis Vuitton, Dolce & Gabbana, and more. With 17% of computer and IT companies; 12% of education; and 11% of financial companies already invested in the metaverse it is quite clear that practically every major firm will have a presence in the metaverse in the coming years.
GONFTY looks to bridge the gap between pioneering firms and the metaverse through an array of powerful tools, services, and features, helping to ensure that the metaverse and the expansive array of associated opportunities are available to everybody.
At GONFTY, we believe that the metaverse and non-fungible token technologies will gradually permeate practically every facet of our everyday lives. With this view in mind, we are building the infrastructure that will be used to power the tools, products, and services that will be used and enjoyed by the masses.
Working with a range of pioneering firms building in the Web3 and metaverse space, GONFTY will help to deliver industry-leading experiences that go above and beyond what is available today — including novel gaming, retail, and interactive experiences, as well as innovative virtual real estate and virtualized real-world items, and next-generation social media platforms.
Enriched by a multi-chain two-token economy, comprised of the governance token gNFTY and the in-ecosystem currency NFTY$, GONFTY will catalyze the expansion of a community governed, open, and inclusive metaverse landscape filled with interactive experiences that were previously resigned to science fiction.
Our technology will allow firms of all types and scale to easily build their own metaverse experiences, whether they’re building games, social experiences, financial services, virtual/augmented reality experiences, avatar technologies, or something else entirely.
Introducing the Metaverse Engine
GONFTY is proud to be the first project to offer an innovative and revolutionary multi-chain Metaverse Engine. The Metaverse Engine, integrated with our platform, will be a one-stop shop with the necessary tooling for anyone to create their own metaverse or blockchain-based game (including open-world games) on any blockchain of choice. Components of the Metaverse Engine include:
1) GONFTY Gamebench:
- integration layer with a variety of blockchains (including our Canary Network (NFTY Crucible) our substrate-based mainnet (NFTY Chain) and other L1 blockchains);
- toolkits for developing, minting, and maintaining smart contracts and NFTs;
- a game engine;
- a cluster of game servers providing resources for in-metaverse games;
- a studio that provides tools to 3D designers to build the metaverse (including procedural 3D modeling software for the efficient creation and customization of high-quality environments for open-world games and virtual worlds)
2) GONFTY Market:
- an NFT marketplace that facilitates transactions between content creators (providers) and content consumers (users)
- a decentralized exchange that facilitates the trade of the assets and games artifact, with the ability to be embedded within games to enable a mechanism for peer-to-peer trading of in-game assets.
4) GONFTY Wallet:
- a non-custodial wallet with human-readable addresses linked to the user’s avatar to store in-game NFT assets from our platform ecosystem
The Metaverse Engine will be plugged-in to our very own on-chain metaverse ‘GONFTY World’, which will house a suite of high-quality interoperable, independent blockchain games for end-users to navigate and play. Tiles of land will be available to third parties, including games, and will act as a gateway or portal into the respective gaming application. We want to be the ‘Netflix’ for NFT gaming.
As the metaverse continues to grow in scope and utility, and more ambitious developments are realized, the GONFTY technology stack aims to position itself as the cornerstone of a healthy, decentralized, and most of all — accessible — metaverse. This will help existing firms more easily transition into the metaverse and provide startups with the tools they need to turn ideas into reality.
Beyond the standard metaverse and DeFi infrastructure, GONFTY will also provide an array of premium services, providing firms with a customized community DAO, tailor-made SDKs and even the option for a full product build-out (white-glove service) — further helping to reduce barriers to entry.
The future of the metaverse is interoperable. With this view in mind, GONFTY is proud to be built in the Polkadot ecosystem. With this, NFTY Chain will gain interoperability with the diverse array of projects and services connected to the Polkadot Relay Chain as a parachain (or parathread) and will even allow projects built on NFTY Chain to interface with legacy blockchains like Bitcoin and Litecoin through bridges.
With this, NFTY Chain provides a truly collaborative platform for projects building in the metaverse space, opening up a broad spectrum of collaboration opportunities, crossovers, partnerships, and cross-platform experiences. We believe this will help transition the industry away from its current hyper-competitive landscape toward a more collaborative environment where innovation is fostered and celebrated.
Decentralized technologies have proven to be incredible building blocks for financial applications, social experiences, creativity tools, games, and more. But their adoption has been somewhat stifled due to the environmental burden of early blockchain technology — which, admittedly, is responsible for the discharge of millions of tons of CO2 into the atmosphere.
To overcome this obstacle, GONFTY introduces a green smart contract platform that can host practically any scope and scale of application. By dramatically cutting down on the platform’s energy burden while maximizing security and scalability, NFTY Chain will allow environment-conscious firms to deploy in the metaverse without needing to overcome any ethical hurdles.
Built by our heavily experienced team hailing from major tech and financial giants like Microsoft, Goldman Sachs, and Decentraland, GONFTY will help pave the way for the next generation of digital experiences.
At GONFTY, we strongly believe that the quality and accessibility of the metaverse and its associated products and services will strongly depend on the availability of robust and capable underlying infrastructure.
For this reason, we are building the first truly comprehensive suite of tools that will help to standardize and solidify the expansion of the metaverse and provide the backbone firms and builders can rely on when developing their products.
Though we anticipate the first wave of metaverse experiences will be an array of NFT-enabled and tokenized gaming titles, our technology can be applied to a huge variety of use cases, ensuring the only limits are the imagination of our users.
GONFTY is an infrastructure project building a multi-chain Metaverse Engine, empowering anyone to create metaverses and blockchain-based games. It will be at the core of an industry-leading infrastructure platform, integrated with our very own on-chain gaming metaverse, and will house a suite of high-quality interoperable, independent blockchain games for end-users to navigate and play.
For more information about GONFTY, have a look at our links below.
🌐 Website: https://gonfty.network/
🌐 Discord: https://t.co/QEtTZszGIZ
🌐 Medium Link: https://gonfty.medium.com/
🌐 LinkedIn Link: https://www.linkedin.com/company/gonfty