Metaverse announced by Highstreet and Animoca Brands

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Highstreet World, a retail-focused MMORPG metaverse, has partnered with Animoca Brands for an “Initial Home Offering” (IHO) of 5,000 futuristic All-Terrain NFT Trailers. With this IHO, Highstreet aims to fulfill its vision of bringing together the stories and adventures of traditional brands and Web3 ecosystems to develop the cornerstone for the future of business. 

Well, an initial home offering, or IHO, is much like an initial coin offering (ICO) in crypto or an initial public offering (IPO)  in business. Instead of coins or shares, its NFTs that Highstreet and Animoca Brands will offer.

The homes for sale of the upcoming IHO will be part of the Highstreet World metaverse. The virtual world is made up of a host of regions with unique chracterstics.

Along with the Highstreet IHO, Animoca Brands is also unveiling the ‘Animoca Archipelago’. A region in the Highstreet World, Animoca Archipelago features a network of islands, each representing a brand or game that is part of Animoca Brands or that Animoca brands have a stake in. These include REVV Motorsport, LayerZero, ApeCoin, PSG Talon, and more.

“Animoca Archipelago is a place where many universes shaped by games, brands, and IP coexist in harmony,” said Travis Wu, CEO of Highstreet World Metaverse. “Models and assets from other projects will function within this enormous space, where users can interact with each other in novel ways and also the Highstreet x Animoca Brands collaboration use their metaverse experience to make Highstreet World better. The addition of more features, especially in collaboration with Animoca Brands’ portfolio companies, will encourage more gamer adoption and participation.

Whitelisting for the Highstreet IHO will start this month. Once the IHO goes live, the minting will take place on Highstreet’s marketplace. However, the metaverse is yet to announce more details on how to participate in the sale.

The upcoming Highstreet IHO with Anmico Brands follows in the footsteps of a previous sale on the Binance NFT marketplace. At the time, the total trading volume had crossed $10 million. What’s more, currently, the floor is at 250% of the mint price. 

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