Sensorium launches Wakatta – A blockchain compatible with Polkadot to create scalable NFTs
Zug, Switzerland, October 7, 2021 / PRNewswire / – Sensorium DLT, a division of the tech company behind the metaverse Sensorium Galaxy, announced the development of Wakatta – a new blockchain that will meet the needs of the entire entertainment industry through innovative NFT types and a set of growth-oriented business solutions.
“As pioneers in building a bridge between real, high-quality entertainment and the vast opportunities of extended reality, we clearly understand the importance of enhancing virtual and creator economies to create digital experiences. more lively and more equitable for all. Wakatta is our contribution to the evolving entertainment industry. We want to help businesses and artists realize their full potential and achieve their growth goals faster. And to make this possible, we provide them with powerful and brand new NFT types in addition to a first class network, ”says Alex Blagirev, Deputy General Manager of Sensorium and Project Manager of Wakatta.
Wakatta is bringing new types of NFTs to market – scalable, time-bound, and un-chopped. Each of these token classes have been carefully designed to unleash exciting applications in digital and real environments.
As the name suggests, scalable NFTs are capable of mutating over time. Visual artists can use these tokens to legitimately use the works of other artists as the basis for theirs, while the original producers retain control over derivative creations. Musicians can also simplify the process of co-creating songs with others, giving full or partial access to their NFT protected content to be overwritten or used on other compositions. Likewise, fashion houses could use scalable NFTs for collaborations when it comes to digital collections, a trend now in the metaverse space.
Sensorium Galaxy, a high-quality entertainment metaverse, will be Wakatta’s first major integration. As of now, the Alternate Universe plans to use its Ethereum-based SENSO token to fuel its virtual economy, allowing users to pay for transactions on the platform, create virtual beings as NFTs, and benefit from their AI-powered creations via a transparent metaverse. Marlet. With an impressive lineup of world famous artists like David Guetta, Carl cox, and Armin Van Buuren, and more, the Metaverse plans to migrate to the Wakatta infrastructure in the first half of 2022 to ensure a better user experience and better scalability.
“The successful integration of millions of users into the metaverse will depend heavily on the quality of the content, the accessibility, but also the user experience. With NFT mechanics deeply embedded in Sensorium Galaxy’s virtual economy, we simply can’t rely on a network that charges users over $ 100 typing costs and is regularly congested. This is why we intend to migrate to Wakatta – a solution with costs as low as $ 0.001 per transaction and capable of handling thousands of transactions per second, ”explains Blagirev.
For developers of fully digital environments, Wakatta’s limited-time NFTs are a valuable additional gamification tool that can positively impact user engagement. With this type of NFT, event planners could tokenize tickets and enhance them with advanced access and expiration settings, allow attendees to trade them freely in the secondary market, or keep them as collectibles featuring certain levels of rarity. Another promising application for these tokens is in games and metaverse, where in-game assets could be tied to specific time frames.
Un-chopped NFTs are a whole new twist on this technology. These tokens allow issuers to easily record text details directly to the smart contract without needing to write a single line of code.
Wakatta is developed using the Substrate technology framework, the same that powers the Polkadot ecosystem. It is designed for businesses and creators. The network will be equipped with features that will allow non-crypto-savvy gamers to integrate it into their existing structures for custom solutions or take advantage of its robust NFT types through a proprietary keystroke platform.
“Businesses, artists and musicians shouldn’t worry about the complex process of connecting their products and services to the blockchain. With Wakatta, we will provide lightning-fast integration, SDK for developers, as well as 24-hour support. of our team to make sure that the blockchain is all the benefits and no headaches ”, pointed out Wakatta CTO Sergei Drozdkov.
Besides its unique set of new types of NFTs, Wakatta will provide additional growth-oriented features such as Ethereum VM compatibility, on-chain NFT auctions, multi-role assignments for Dapps, customizable integration mechanisms. for digital environments, algorithmic incentives for validators, among many others.
The launch of Incentive Testnet is scheduled for November 2021.
About Wakatta
Wakatta is an NFT-driven blockchain for the entertainment industry, pioneering new types of non-fungible tokens: scalable, time-limited, un-chopped NFTs. From securing digital identities to facilitating creative collaborations, these tools open up new possibilities for games, sports, fashion, art and luxury businesses.
Wakatta is now working with leading partners to harness the potential of its technology. The launch of the incentive testnet is planned for November 2021.
About Sensorium
Founded in 2018 with the sole backing of billionaire Mikhail Prokhorov, listed on Forbes, Sensorium Corporation oversees the technological and business development of Sensorium Galaxy’s digital metaverse and feeds it with a wide range of events and experiences through global partnerships. of leading content and technology.
Since its founding, Sensorium Corporation has raised more than $ 100 million in private investment, making it one of the world’s best-funded startups in the VR space.
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SOURCE Sensorium Corporation
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