Blockchain firm Hupayx to send off Trice: A co-op NFT stage

Seoul, South Korea, April 14, 2022 – South Korean blockchain tech firm Hupayx is sending off Trice, the principal nonfungible token (NFT) condo stage in its country.

Trice places the stage’s development motor in the computerized incorporation of genuine resources. This is on the grounds that, albeit the virtual resource and NFT markets are developing amazingly quick, they are as yet unique to conventional money and venture markets. Hupayx needs to tokenize the physical business in more assorted regions and revamp the market design to increment free to virtual and crypto-assets.

The word “trice’ means a short, quick moment of time. This represents the philosophy of the company to bring concrete value to NFTs with utility — assets that can be objectified and verified. The company has emphasized community as its core driving force for the Trice ecosystem. In the past, suppliers and consumers were separated, especially for platform businesses. Trice, however, blurs this boundary; everyone with the platform strives to raise the value of their assets through various activities. In turn, Trice’s role as an intermediary disappears, and the role of the consumer is reorganized as an active market participant. NFT holders will benefit from direct transactions between real-life property and asset owners, users and the community enjoying a greater profit — contrary to current platforms where users only receive a fraction of advertising revenue.

Hupayx is introducing its pilot project “Slate-1” to grandstand the new economy model they are proposing. “Slate-1” is a townhouse participation NFT that will be given in organization with Korea’s head publicizing organization, Korads. “Slate-1” is a business enrollment accessible to movie producers of course, giving markdown rates to the rental of video creation focuses worked by Korads. Noncommercial NFT holders, nonetheless, can in any case stake their NFTs, permitting them to acquire administration tokens used to support projects and get awards in HPX, Hupayx’s utility token.

A Korads agent said, “The ultimate goal is to create a new form of K-content where fans directly participate in different stages of film production and therefore significantly expand viewer participation — from the selection of scripts to investments and even in post-production through fan community activities.”

The “Slate-1” discharge timetable and task achievements will be declared on Wednesday, April 20.

Ethan, head of Hupyax, said, “From the second half of the year, we will [hear] the voices of market participants by launching full-scale commercial services and various pilot projects and actively steer the project to best reflect the market’s needs.”

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