– In this video, we’regonna be diving deep into one of the most ambitious campaigns I’m seeing in the NFT space, and that is the Nanoverse. So right off the at-bat, in my previous videos, maybe a couple months ago, I talked about thisproject called Nanopass. Essentially, it’s kindalike this land style NFT where you buy a piece of land and then like everyweek or every so often, they’re gonna give you random prizes for whoever regards these things.Right now the cost of a Nanoverse pass is pretty much 1.5 Eth, and then they have been givingout really interesting trophies from whitelist recognizes to the shards, which we’ll talk about later. And they likewise committed apart a great deal of free NFTs that have increased in value over season. Unquestionably worth it in somecapacity if you’re into that.But what I wanna talk about is Nanopass is really justone of the projects that really was the grain togrow this whole nature, and that’s what we’re gonnabe talking about today. And for these specific projectswe are talking about today, they actually offered ourcommunity some whitelist spots, so if you wanna check that out or get other whitelist opportunities, make sure to join The Parallax Discord. So the first thing we gotta do is, we gotta cover who is behind Nanopass and this whole universe, right? And they rebranded their busines from Nanopass to Nanoverse to clarify to everybody like, hey, we’re not just one projection, we’re going to be a whole universe and ecosystem of project. And so the mastermindor ability behind all this is gonna be this person, Rei, which is a Nanoverse dev.And he’s the founder ofpretty much all these projects we’re gonna talk about today. It’s gonna be Nanoverse HQ, Project PXN, NFTY Keys, and Oxygen Lab. So they got a lot on their sheet, they’re trying to do alot at the same time. So we’re gonna diveinto each one of these, what are the pros, what arethe cons, what are the risks. So we talked about Nanopass previously. So what’s the phase twoof this entire operation? And listening to themost recent AMA with Rei, the next stage of Nanopass is to do a illustration sketch activity, and it’s gonna be a 3D avatar activity. So undoubtedly, for Nanoverse, they’re really thumping that YFU anime style kinda vibe, right? And of course, there’s a really big market of beings that really like this stuff and are willing to pay alot of fund for it as well.And for the actual likeness or how these avatars will look, there’s only a couple teasers out, but I don’t think that really represents what they’re building because from my understanding, they’re gonna be structure like 3D avatars that you can use in different metaverses that support those specific files. But the really interesting thing that they’re building on top of that is they’re building neural networks. So when I firstly learned about it, I was like, okay, that’s kinda weird. Why would an NFT project do AI, right? It sounds very complicated. And actually, it isvery complicated, right? So the thesis that they have, and this is just me kindasummarizing what they said, and I could be totally wrong, Rei said that, as duration gone on, as NFTs become more popular, parties are gonna spenda lot more time at home living in the metaverse, or we’re all really kinda doing it previously by spending a lot of our hours and days in front of a computer.So the thesis is, beings get lonely in frontof a computer all day, right? They need some intimacy. Not everybody has a lot offriends they can talk to. And so this AI that they’re building, it’s kinda like a virtualassistant like Siri, but they’re trying to buildso much more on top of that. So like with Siri, you can tell it to do thingslike make an alarm clock, remind me to do this thing at this time, send a text message back, right? It’s kinda like if X, then do Y. So what they’re trying to do is, they’re trying to train this AI to be more like a comrade, so that when you talk to it, it helps you out in your everyday life. You’re not just telling it what to do, but it’s actually likea assistant, in a certain sense. And I know that soundskinda weird at first, but we’ve seen a lot ofdifferent movies out there where they created an AI thathelps you out in your life. Kinda like, if you’veever dallied Halo before, there’s like an AI helping outMaster Chief doing his thing.So if you think about likelong-term vision wise, if Nanoverse is building a macrocosm, then the tract that theysold you in the initial stages, that’s kinda like yourplace where you hang out. Then the PFP project, that’s a 3D kinda model, can live in that 3D opening and you can hang out with it, learn it to do different nonsense, and it gets smarter and smarter and becomes a companion, right? And so it’s kinda like buildinglayers on top of each other. And then who knows in thefuture what’s gonna happen next? Another interesting dynamicof this whole thing is that there’s these ideas of shards. So essentially, theNanopasses that you get can haphazardly give you shards every week, or I forgot how often it is. And then you make those shards and then you give it to your 3D avatar and then you level it up and you make it smarter. Instead of just like allowing parties to get the full accessto the entire thing, you kinda had to level up your NFT and then that also increasesthe value of the NFT.So it’s a very interesting game mechanic of like establishing NFT ingredients, gameify elements intoartificial intelligence. From the AMA that I verified, they’re really hiring like top tier beings from big companies tohelp work on Nanoverse, and the government has like 30 both the employees and growing. And so they have a lot of funding to like make this all happen. So it’s really interestingto see what they’re doing. And if you kinda comparethat to, let’s say, other firebrands or programmes aredoing that YFU meta as well, a lot of these projects, they’re just gonna come and lead, they’re not really gonnaput in the resources to reach something last a long time.Just from the servicelevel and my understanding, it seems like Nanoverse is really trying to build a long-term brand. So next thing we’re gonna coating is gonna be Phantom Network, also known as Project PXN on Twitter. And so when I firstly sawthis, I was thinking like, they’re already do one paint chart. Why are they doing anotherone at the same time? It clangs a little cash grabby, right? Virtually, from myunderstanding, it’s kinda like, if you think of Nanoverse as a macrocosm, same to how Marvel orDC has their own universe, you can have Spiderman, you can have Ironman, you are in a position to have Dr.Strange, right? And they could all exist at the same time and build their own IPs, and they can all come togetherfor certain special movies like “The Avengers” and stuff like that. And so Nanoverse is trying tobuild this entire ecosystem where it’s not just likeone picture profile, but they have multipledifferent labels that maybe can interact witheach other in the future. Now there’s not a lotof information available on this online, a good deal of it’s just like me supposing or me like listening to an interrogation and kinda sharing what I learned. But if they do pull this off, it’s quite unique because they’ll be able to be the Marvel, but for NFTs in the animeYFU kinda space, right? And I think there is a space for that.To be fair, though, the justification is that if youkinda partition your resources into multiple NFT projects, can you really focus onmaking each one of them enormous? It’s gonna be a question ofwhat chairmen they have in place, how much reserve do they have, how much funding that they have to build all these thingsout at the same time. So that remains to be seen. But the good part is thatif they construct engineering, let’s say, artificialintelligence for one job, they can literally just copythat over to another project.And so when one programme the potential benefits of like a technology breakthrough, all their projects canbenefit in this way. So I think if they confine it all together and make all thesethings talk to each other and increase the valueof each asset over period, unquestionably, they do have a shot. But again, it’s kinda like a startup, so you surely take a risk when you invest into these projects. But it’s quite an interesting hypothesi. Under the Nanoverse ecosystem, it’s gonna be thisproject announced NFT Keys, and it was started by Rei who started all those other projects that I only talked about.And this other developer who used to be a developer at Kaiju Kings and they started thiscompany together, I belief. Well, essentially, there’s this niche, if you weren’t once familiar with it, it’s like mechanical keyboards. For me, I have a mechanicalkeyboard as well. It’s a really popular niche. Like it’s growing in size very fast over the past like duet times. So mechanical keyboards, it’s kinda like insteadof using like abiding and not so good keyboards that you get when you buy a computer. Why not customize it and deck it out? And so there are people who are spending several hundreds of dollars, even thousands of dollars to build these mechanical keyboards. And not only that, but they will collect a bunchof mechanical keyboards.People might have like1 0 mechanical keyboards and each one will cost like 500 to $1,000. Obviously, you can’tuse all these keyboards at the same time, you are unable literally use one at a time. But it’s more like a collector’s item and there’s a entire know in typing. So what they’ve done is, they determined this niche, and then they’re goingafter it in the NFT space and they’re gonna create some kinda NFT that represents local communities. Why this is a smart marketing play is because they’re tappinginto a strip sell that’s willing to spend alot of fund on keyboards.And now they’re ableto do it in an NFT way. The interesting part is that when you’re buying these NFTs, they’re gonna have somekind of token mechanic where you can farm clues , not too much information about it hitherto, but you can use those tokensto buy physical keyboards that they will be obliging in real life. Who will they partner with and how they will make this keyboard, they haven’t announced that more, but then that’s essentially the example. It’s kinda like, what would it was like if a mechanical keyboardcompany formed an NFT? And this is exactly what you get.So I think they do a goodjob with how it inspects, how it feels, and they just kinda replicatethe success the government has with their other past campaigns and reproduction it intothis particular niche. I think it’s something that can do well because there’s a starved marketplace for it, there’s not a lot of competitors. Actually, there’s no … I can’t think of a singlecompetitor right now who’s seeing NFT keyboards. So clearly a projectto keep on your radar. Then the last company, we’re talking about a good deal of firms within one company, right? The last thing we’re gonna talk about is going to be thisthing announced Oxygen Labs, which, essentially, iskinda like NFT launchpad.The idea of Oxygen Lab is essentially like if Nanoverse is buildingthis whole universe, the highway you increasethe value of each NFT, part of this ecosystemis to provide a platform for other entrepreneurs to build here. So if they’re like, hey, we’re going to give youX sum of funding, if you construct dream NFT thatyou always wanted to do and somehow that has toplug into what we’re doing, by you creating aproject in our ecosystem, we’re gonna help pushing you out. Not simply that, your project’sgonna increase in value, and by you coming into our ecosystem, our ecosystem also increases in value.So if “youre seeing” like over occasion, if more and more projectswanna be part of this ecosystem and the launchpad is really good and they genuinely give youthe funding or the marketing or cautioning assistances that are able to want to have a successful NFT project, then I can see this becomingsomething big-hearted in future. Now, it is new, and there’s not a lotof projects on this yet, so you can’t say it’s a huge success, but definitely has potential. And so overall, when I kinda look at thiswhole Nanoverse ecosystem, for me, I imagine the founder, Rei, is pretty smart in terms of like market and hiring top rank geniu, structure out different brands, noticing inventors to partner with to build these labels, right? And so I would say like, that is a pro in that theycan bring a lot of beings in to build something. The only con I would have is like because they’re building somany things at the same time in such a short amount of hour, I wonder how their resourcesare being spend, right? Like if one technologist isworking on a certain project, then they don’t have the hoursto spend on another job, then who’s doing that, right? They got to hire another person.I think it actually comes down to leadership in like asset in thehuman capital management, like administer parties, allocating the freedom fundsinto the right places to create value. Outside examining in, we don’t really have a fullscope of what that looks like because they are a private busines, but overall, if they pull it off, it’s gonna be something really cool. The artistry looks pretty good, even further, the practicality has been very successful from my understanding of whatpeople say about the project.And I know a few friendsthat have Nanopasses and they have been somewhat joyful with its own experience overall. So overall, I’m pretty optimistic, and I’m elicited to seewhat they have in store for the future. So with that said, that’s it for this video. I’ll see you guys in the next one.( “Crane Paradise” Dylan Sitts)( “Crane Paradise” Dylan Sitts points ).