Highstreet is a metaverse project applying VR technology combined with e-commerce and NFT, creating a virtual economy for users to earn from digital assets and virtual real estate.
Developed by LumiereVR, Highstreet integrates Play-to-Earn, NFT, and VR, providing a realistic immersive experience while opening up real investment opportunities between the digital and real worlds.
MAIN CONTENT
Highstreet combines e-commerce, VR, and NFT in an open-world metaverse.
A dual Token system: HIGH for governance, STREET for in-game activities.
The development roadmap focuses on expanding the market and enhancing user experience until 2025.
What is Highstreet (HIGH)?
The Highstreet project is built on the Blockchain, combining prominent technologies such as Play-to-Earn, NFT, and VR to create a multi-experience open-world metaverse platform.
Players can not only entertain but also invest and trade real digital assets.
Developed by LumiereVR – a renowned company in the field of virtual reality with partners like LVMH and Victoria’s Secret, Highstreet focuses on redefining e-commerce through VR and financial models such as RWA (Real World Asset).
Immersive e-commerce experience in games.
Connecting consumers with brands through NFT.
Building a diverse virtual economy in the metaverse.
Highlights of Highstreet
Dual Token system: HIGH and STREET
Highstreet operates a dual Token system consisting of HIGH and STREET. HIGH is the governance Token, used to pay for major products and vote in the metaverse. STREET is the utility Token in-game for daily transactions like buying items or staking.
Integrating VR technology
The platform is built on VR technology developed by LumiereVR, providing a vivid immersive experience through devices like HTC Vive. This technology has previously successfully collaborated with major corporations like Macy’s and LVMH.
Integrating e-commerce in games
Highstreet's special feature is the phygital commerce model, allowing players to buy NFTs representing real products, using both in-game and exchanging for physical goods outside.
What is special about Highstreet Metaverse?
Highstreet Metaverse is a virtual world based on blockchain and modern technologies like P2E, NFT, and VR, along with a diverse virtual real estate system, creating a hybrid economy between the virtual and real worlds.
This metaverse world is designed as an MMORPG, where users can interact, earn money, and own digital assets from many real brands.
Themed open world fragmentation
Highstreet divides the metaverse into themed areas, each representing a specific ecosystem or brand:
AVAX Alps: The cold snowy area honoring the Avalanche ecosystem with prominent projects like Trader Joe.
Binance Beach: The coastal area recreating the Binance NFT platform, featuring restaurants, galleries, and lively NPCs.
Animoca Archipelago: A chain of islands connecting Animoca Brands' brands and games, simulating a diverse amusement park.
Highstreet City: A modern trading center connecting players and Fomo Ducks pets, with a booming economy.
Special factors in Highstreet Metaverse
Highstreet not only focuses on entertainment but also develops a multi-dimensional digital commerce and asset ecosystem, integrating many motivating factors for users to stay long-term.
Metaverse commerce: Buy NFTs of real products with the ability to exchange for physical goods.
Virtual real estate: Buy, sell, build, rent virtual land in a highly liquid hexagonal form.
P2E Gameplay: Participate in monster hunting, complete quests and staking to earn real rewards.
Vivid VR experience enhances social interaction.
Basic information about HIGH Token and Tokenomics
HIGH Token is the main Token of Highstreet, issued on Ethereum and BNB Smart Chain according to ERC-20 and BEP-20 standards.
Ticker: HIGH
Total supply ETH: 100 million HIGH, on BSC is 2,014,744 HIGH
Current circulating supply is about 50 million HIGH
Token allocation is clear with 30% for gameplay rewards, 28.7% treasury, 30% private/seed, 8% team, and 3.5% public sale. The vesting schedule is designed until 2025 to reduce Token release pressure.
Token allocation: Gameplay Rewards 30% Treasury 28.7% Private/Seed 30% Team 8% Public Sale & Launchpool 3.5%
Utility of HIGH Token
Governance: Vote on proposed changes in the metaverse.
Shopping: Pay with NFT, real estate, and services.
Staking: Earn commissions from transaction fees and exclusive item sales.
Development roadmap to 2025
Highstreet plans to enhance user experience through a mobile application, developing an SDK toolkit to support third parties in creating content and refining the phygital commerce model.
Launch of the Highstreet Mobile App: Manage assets, staking, and access the marketplace.
Release SDK for developers and brands to build their own content.
Implementing Phygital Commerce model connecting NFT and physical products.
Expanding into Asian markets such as China, South Korea, and Vietnam.
The team, investors, and strategic partners of Highstreet
Highstreet is led by the LumiereVR team with over 6 years of experience in the VR field, headed by Travis Wu – a veteran CEO in virtual reality technology.
Highstreet is a breakthrough in the trend of combining the real and virtual worlds, opening a new era for the digital economy and trade.
Travis Wu, CEO of LumiereVR, 2024
The project has received investment from Genesis Block Ventures, NEO Global Capital, Houbi Ventures, Binance Labs, and Animoca Brands – reputable investors in the cryptocurrency and metaverse industry.
Strategic partners include HTC Vive, Unity, AWS, Avalanche, Binance, and Animoca Brands, ensuring technology and sustainable development support for the project.
Current situation of Highstreet
Highstreet has launched the Beta version of the virtual world Highstreet World, with the Binance Beach, AVAX Alps, and Highstreet City areas operating stably. The VR experience through HTC Vive has received high praise from users for its realism.
The ability to integrate e-commerce in games allows players to buy NFTs representing real products, receive physical goods, creating a new consumer trend. However, the project still faces challenges regarding VR adoption and fierce competition in the metaverse market.
Conclusion
Highstreet is a metaverse project with a clear development strategy, combining modern technologies with the real world through RWA and phygital commerce. Supported by major corporations and strong investors, the project promises to be an important bridge in the future of Web3.
Frequently Asked Questions
What is Highstreet?
Highstreet is a metaverse combining VR, NFT, and e-commerce, allowing users to both play games and invest in real digital assets (Source: LumiereVR, 2024).How are HIGH and STREET Tokens different?
HIGH is used for governance and major purchases, STREET is used in-game for daily activities like quests and staking.How many HIGH Tokens does the project have?
Total supply ETH 100 million, BSC 2 million, clearly allocated with a vesting schedule until the end of 2025.Which VR devices does Highstreet support?
Well-compatible with HTC Vive and high-end VR devices, providing a deep immersive experience.Does the project have plans for market expansion?
Yes, Highstreet plans to expand into Asian markets such as China, South Korea, and Vietnam in 2025.
Source: https://tintucbitcoin.com/highstreet-high-la-gi/
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