Wallfair and Polygon have launched their MVP 1.1 platform, offering streamers another way to maximize value through content creation.
Phase one saw Wallfair host a live event by giving first round testers the ability to highlight issues and potential feature aspects of the platform. Information gleamed from that session allows Wallfair to begin test-net development on Polygon while diversifying the feature suite.
Wallfair is positioning itself as a social event trading ecosystem that democratizes the creative economy. This not only incentivizes content creators to provide high-paced and engaging content on the platform but it also gives their communities more ways to show support to their favourite creators, as well as being able to speculate in real-time on live events using in-game tokens. A heavy focus is now on the creation of socially engaging, high-energy and immersive experiences, and Wallfair takes engaging in live events to the next level by enabling the audience to seamlessly create, trade and profit from speculative events.
Next on the list for Wallfair is a fundraising round and developing partnerships e-sports, crypto and blockchain partners and influencers. The project will also partner with NFT and DeFi players, offering a true multi-chain future of solutions to platform users as well as incorporating NFTs into their own mechanics to incentivize content creators and players to reward engagement in the community and ensure the ongoing participation in a variety of events – 24/7 mini-games, Third Party Live Streams and Wallfair Special Events.
By bringing NFT partnership options onto the platform, users and creators will be able to buy exclusive, scarce, mintable NFT Season Passes, with highly customizable avatar perks as well as reduced fees and other future bonuses. Creators will be able to mint certain moments in their event and offer tradable NFTs as rewards to the event participants.
The Wallfair ecosystem will be built on the Polygon Network. This decision was taken in order to lay the foundation for mass-adoption, by reducing gas fees for users as well as providing a faster transaction time. The Polygon Network is said to be able to process up to 65,000 transactions per second and offers Layer-2 scalability, ensuring platform users not only get the best value when buying onto the platform but the high transaction rate means that real-time speculation on live events becomes a safer and faster possibility.
Wallfair’s ecosystem will be powered by EVNT token, a stacked utility token that is carefully designed to effectively capture the value growth in the Wallfair ecosystem. The EVNT token will be required for all key functionality on the platform.