Xpace, the Next-Era flagship NFT, empowers a new economic logic for the Metaverse

Xpace is the flagship NFT issued by Infinite Virtual Space (IVS). Xpace carries out cutting-edge design around the virtual property rights (3D virtual space), the empowerment of physical space property rights, and the Decentralized Autonomous Organization (DAO), strive to make Xpace a benchmark for “virtual and physical worlds property rights” in 2022.

The world is still in the early stages of the Metaverse and WEB 3.0, and for those who are deeply involved and researching these fields, the expected evolution is unquestionable. Just like several technological innovations in the past, it can be expected that the world will gradually usher in a distributed, free, user-led Internet, and a virtual world with more diversity, closer communication, and a completed economic system.

Innovations always come from cutting-edge conceptual imaginations, and Xpace is no exception. In the research on NFT, combining this unique token type, the way to derive a new format and further empowerment has become the most important researching direction. By extension, NFT can realize the unbiased confirmation of the rights and interests of a specific asset, and implement it to various Dapps in the form of WEB3.0. The ideal form of this concept would enable a complete mapping of assets from the real world to the virtual world and building a metaverse with blockchain as the infrastructure is what IVS has been focusing on. We continue to research on the utility-scenario requirements and economic logic constructions in the metaverse ecology and committed to creating a long-term attractive ecosystem consisting of virtual interactable spaces and economic systems, and Xpace will act as an essential linkage to it.

These conceptual ideas are consistent with the observed community needs. At the same time, it can be also realized that although the NFT community has a large number of followers and a strong fund base, but there are deficiencies in the process of its project operation — mainly in asset empowerment and DAO construction. There is no doubt that the market will encourage innovations and reformations, and this process is always expeditious, and IVS is committed to building Xpace to be the best in it, and to take the lead in times of change.

In the process of attempting to implement the concepts of “real asset confirmation with NFTs”, “metaverse integration”, “decentralized autonomous organization” and “virtual economic system construction”, some solutions have been proposed breakthroughs. Business logics, policies, and ways of governance have been carefully schemed. In this process, we also gained some professional advice and some inspirational ideas from the crypto industry. After endless feasible analysis, Xpace was finally launched, representing the industry-leading NFT empowerment solution and the gradual implementation of the vision of IVS.

Xpace will be the first and the most important NFT asset in the IVS ecosystem, All Xpace holders will obtain the following rights:

- The right to use X-Engine to build your own virtual space and access the Infinite Virtual Space.

- Potential benefits from future IVS multi-chain Space assets issuance and sales.

- Enter the IVS Club and get free minting access to particular limited Avatar assets in IVS.

- Benefits from the governance rights and shares of property rights of the physical space, Xpace-R.

- For commercial activities (such as concerts, movie premieres, and other O2O scenarios) in IVS virtual spaces and Xpace-R physical spaces, Xpace holders could potentially receive discounts up to 100% off.

On top of the equal property rights listed above, Xpace holders will gain additional rights in governance corresponding to their rarity group.

The rarities of Xpace are divided into 3 groups: ‘Super-Rare’, ‘Premium’, and ‘Classic’, each corresponding to 19, 100, and 9880 NFTs respectively.

- Xpace holders in group ‘Super-Rare’ will be given the rights to participate in the management decision-making processes of XPace-R as a committee member (for example. Rights for potential proposals on Xpace-R project-related naming processes).

- Xpace holders in group ‘Premium’ will be granted supports for business start-ups.

- Xpace holders in group ‘Classic’ will be able to participate in the voting process for Xpace proposals.

Tips: Xpace-R refers to Xpace-Reality, which is a blockchain-themed commercial place in the metaverse. Xpace-R will be built as a globalized metaverse-themed exhibition and communication center. Xpace-R is planned to be settled in one of the most attractive and glamorous cities in the world. Holders of Xpace will obtain the property rights of Xpace-R, governance rights, operational rights and obtain the benefits brought by the rights.

IVS is a firm believer and practitioner of WEB3.0 and Metaverse.

Infinite Virtual Space is a comprehensive solution provider to the metaverse, consisting of the following modules: X-Engine, a codeless UGC 3D metaverse space construction engine that supports VR devices; IVS-protocol, the blockchain protocol required to build the metaverse that links the virtual spaces to the blockchain; and an internal circulation token economic model. Based on these modules, IVS will be able to build a metaverse ecology with a multi-chain structure. Starting from 2019, IVS has been working on the developments of X-Engine for nearly three years, and it has been successfully commercialized for 2 years. X-engine has an industry-leading technical architecture in VR equipment supports. The ultimate vision of IVS is to create a decentralized metaverse with diversified commercial scenarios.

IVS hopes to jointly govern and operate the Xpace with DAO, and gradually realize the decentralization of authority, turning Xpace into a pure WEB3.0 project driven by the committee and the community. The community will be deeply involved in, and benefited from the realization of IVS and Xpace rights. Considering the introduction of physical assets, more details are required to be taken into account of. It may be a long and difficult process; however, we believe in the power of the community and hope to participate in this adventurous journey together with DAO.

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Infinite Virtual Space is a virtual space value circulation protocol that fully supports devices on Web 3.0. Xpace is the flagship NFT issued by Infinite Virtual Space. Xpace carries out cutting-edge design around the virtual property rights (3D virtual space), with the empowerment of physical space property rights and DAO.