A very big decision Blockchain technology company MetaJuice about the NFT Marketplace

 A very big decision Blockchain technology company MetaJuice about the NFT Marketplace

To launch the market, IMVU is partnering with original luxury fashion house Metaverse Auroboros to take on the design challenge. The challenge is to create a digital haute couture design with iconic symbols and textures inspired by nature created by Ouroboros.

MetaJuice, a subsidiary of Together Labs, announced on June 21 that it will launch an NFT marketplace on the Metaverse of IMVU - an avatar-based social network - with more than one million daily active users.

NFT or Immutable Token is financial security based on digital data stored on the blockchain, a form of a distributed ledger. NFT assets are recorded on the blockchain and the owner can transfer them, allowing NFT to sell and trade.

MetaJuice has partnered with IMVU manufacturers for its first batch of globally portable NFTs, leveraging the power of the current IMVU community.

"The NFT marketplace will unlock exciting new jobs for users and give 200,000 developers more ways to make money. Providing scarcity, proof of ownership, and additional benefits of virtual assets will boost the economy of IMVU," said Darren Tsui, CEO of Together Labs, the parent company of IMVU.

In the early stages of launch, IMVU users can contribute and view NFTs in the Metaverse.

And if users choose to wear NFT in the room or in the experience, they will have a special badge and name color in the room and in the chat.

Other users can see this and click on the avatar and search for information and metadata about NFT that makes them appear private.

"Longtime IMVU users buy millions of dollars worth of digital products every month," said John Burris, President of MetaJuice. "With the growing benefits of exclusive offers, limited service, and resale, we believe NFTs will enrich our already vibrant real economy."

To launch the NFT marketplace, IMVU is collaborating with famed fashion house Auroboros from the original Metaverse to take on the design challenge. The challenge is to create a digital haute couture design with iconic symbols and textures inspired by nature created by Ouroboros.

These designs will be converted into digital wearables and NFTs that will be displayed and sold on the IMVU NFT Marketplace and the creators will receive a share of the sale as part of the prize package.