Founded in 2010, the story of Metahero begins with the Krakow-based software firm Codewise, which become Europe’s second-fastest-growing tech firm in recent years. CentralNic Group PLC later acquired Codewise in 2020 and promised to push ahead with the Metaverse concept with a new platform called Metahero.
Understanding the Metahero Platform
Metahero is a decentralized platform that allows users to create their own ultra-realistic 3D avatars and virtual items for integration across games, social media, VR and online fashion using a 3D scanning technology called Metascanning.
The project is unique because it allows anyone to create their own digital asset without having any prior experience in blockchain or cryptocurrency. The Metascanning feature is made possible by Metahero’s collaboration with Wolf Digital World (WDW), one of the world’s largest 3D scanning companies.
How Does the Metahero Platform Work?
Metahero’s fundamental technology is 3D scanning, which evaluates a real-world object to gather data on its image and digitally render it. The company has partnered with WDW, whose technology is being used in the sectors like gaming, music, and fashion to gain access to powerful 3D scanning technology.
This will act as a physical gateway to the digital world of the Metaverse. To obtain access to the online scanner and enter one of Metahero’s ultra-HD meta-scanning chambers, a user must have the Metahero app and a certain quantity of HERO tokens.
Importantly, Metahero is a Binance Smart Chain (BSC) project, built on the Binance smart contract-enabled platform for decentralized app (dApp) development. It combines 3D scanning and non-fungible token (NFT) smart contracts to generate custom meta-avatars and meta-items.
Users will be able to leverage their avatars in games or other apps through the company’s forthcoming NFT marketplace, which was initially scheduled to debut in the fourth quarter of 2021 but has been delayed until the first quarter of 2022.
Users will be able to monetize their avatars or earn extra money by creating NFTs through the marketplace and its tools. Metahero provides its users with the ability to turn almost anything into a hyper-realistic NFT.
Also, creating digital copies of real-life objects is only one of its features. The platform can instantaneously monetise every Metahero NFT and keep it on the blockchain in an immutable manner.
The platform also creates a token-based ecosystem and marketplace to provide businesses and innovators with access to the all-digital contract-based opportunities.
Key Features of Metahero
Some of the key features of the Metahero platform are:
- The ability to scan assets or users in ultra-high quality and display them in the virtual world.
- Its ultra-high definition (UHD) meta-scanning chamber, which consists of 16 mobile columns fitted with a four-camera server section to capture photographs at full synchronization.
- The first 12 meta-scanning chambers are proposed to be installed in heavily urbanized areas worldwide, with the first taking place in Doha, Qatar.
- Tokens use a ground-breaking deflationary methodology to reduce the total quantity without compromising its value. It also includes the ability to trade on paid royalties, the Metahero NFT marketplace, and fund scans.
The Metahero Coin
The $HERO token is a utility token that provides its holders access to the Metahero ecosystem. It also has a novel deflationary mechanism that reduces the overall supply over time and allows holders to trade on the Metahero NFT marketplace, pay royalties, and fund their own scans.
In June 2021, a HERO public sale was held on the Tenset Gems Platform and following the introduction and public presale in July 2021, the company issued an initial dex offering (IDO) on PancakeSwap while imposing restrictions to discourage token dumping.
Users can earn passive incentives by staking their HERO tokens and conversely, when total equity on PancakeSwap hits $10 million USD (€8.8 million/£7.4 million), it activates the repurchase and burn scheme.
According to the designers, the HERO currency was introduced on BSC with inclusion and scalability in mind.
Some of the coin’s key functions include:
- Automatic liquidity – On PancakeSwap, 0 to 6 percent of every trade immediately contributes to liquidity.
- Burn and buy back: HERO tokens are burnt, and the Binance coin (BNB) is then used to buy back and burn more HERO tokens.
- Smart stake: As a passive reward, 0 to 2 percent of every trade is equally divided across all holders; HERO can be bought, transferred, and sold with no fees.
The Metahero Roadmap
The Metahero team has been working to deliver features, products, marketing, and overall value since its launch day in July last year. The priority for the fourth quarter (Q4 2021) was to release the Metascanner at the Facebook Summit.
Metahero also worked on redesigning its website, growing its team, and expanding their global community. In Q1 2022, they have planned partnerships for game and studio development, 3D NFT marketplace development, artist and influencer partnerships, and onboarding strategic investors, among others.
Some of the milestones planned for Q1 2022 have been prioritized and completed ahead of schedule, such as attending blockchain meetups and sponsoring an event, expanding global presence and awareness, and adding multi-language support. The team will continue to keep the community informed on their activities and plans to install its first public Metahero chamber in 2022.
The Bottom Line
Unique assets – whether personal avatars, digital art, or other virtual items – already have a strong demand in the Metaverse. Metahero, a project that aims to make it easier for people to digitize their belongings and themselves, has the potential to be one of the most valuable and used tokens in this space.
The HERO token is essential to participating in the Metahero ecosystem as it allows access to the Metahero marketplace, pays royalties, and funds scans. With its mobile scanning columns and ultra-high-quality scans, Metahero hopes to reach a new level of realism to the virtual world.