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Kavya Barua
Sep 30, 2021

Torum Will Use Avatar NFT To Make Social Metaverses A Reality

Torum Avatar NFT metaverse
Following significant investment from Huobi Ventures in August 2021, the Torum SocialFi platform has announced the introduction of a 'Social Metaverse' and the world's first-ever social-integrated Avatar NFT.

Torum SocialFi Platform

Since the emergence of the NFT market, the conceptualization and building of metaverses have been on the increase, and Torum is driving the social side of this growing sector with its Huobi-backed SocialFi platform and ecosystem.

The Malaysian-based SocialFi platform has chosen to take the lead and create a Social Metaverse inside the crypto and blockchain industries. 

This development will begin with the introduction of the world's first socially integrated Avatar NFT.

Introducing Your Metaverse Identity

Torum, which is powered by Binance Smart Chain, is launching 21 sets of Genesis Avatar NFTs with unique themes and famous cultural allusions. 

Each avatar symbolizes a unique identity in the Torum metaverse, which is home to approximately 115,000 other individuals. 

The BEP-1155 Avatar NFT is made by merging six distinct types of Avatar pieces of varying rarity, which can only be obtained using the Torum Genesis Blind Box NFT.

There are over 85 million Avatar versions to explore, allowing the community to fully express their inner creativity. 

Because the Avatar NFT is directly linked into Torum, the user may utilize the Avatar as a socialized metaverse profile, bringing the “Social + NFT” principles to life.

NFT Genesis Blind Box

Each blind box includes one Avatar NFT component that is used to construct a whole Avatar NFT set and can only be purchased with Torum's native currency, XTM. 

To guarantee that everyone has an equal opportunity, the possibility of each NFT drop is fully fair and transparent, as the total supply is predetermined by smart contracts and traceable via blockchain.

Every XTM paid on the blind box purchase will be permanently deducted from the overall token supply. As the supply of XTM in circulation decreases, it provides a win-win scenario for all parties in a healthy metaverse economy.

Access To The Crypto Social Metaverse

Because the metaverse concept is still in its infancy, there is enormous untapped potential for a socialized metaverse. Torum's Avatar integration is a wonderful example of how he can open up the potential of having a Metaverse persona on social networking sites.

When the Avatar NFTs and NFT pieces unlocked from the blind box become available, they may be posted and exchanged on Torum NFT Marketplace. 

The multi-chain SocialFi project's quick and flexible approach has also resulted in the integration of DeFi and crypto marketing tools such as Torum Finance and Torum Lounge.

Torum, which has over 115,000 registered users and is backed by Huobi Ventures, is always ready to adapt and absorb any blockchain innovation that arises in the crypto market, including Metaverse.

Torum Will Use Avatar NFT To Make Social Metaverses A Reality
Kavya Barua is a voracious learner who is fascinated by crypto and Fintech advancements. Graduated from Janki Devi Memorial College's B.A (Hons) English program at the University of Delhi. She aspires to be a successful professional, having a keen interest in learning and achieving results.

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