Paragons Is Ringing in the New Year with Its Innovative and Groundbreaking 3D-Generated NFTs
As the year 2021 comes to a close, non-fungible tokens, better known as NFTs, have cemented their position in the digital market, and it continues to generate plenty of projects that draw in enthusiasts along the way. Despite being relatively new to the market, this digital phenomenon has raked in billions in sales with the digital art sector at the number one spot, generating over $1.5 billion by itself. Although skeptics have been appearing since the emergence of NFTs, its reputation has only garnered even more aficionados.
Non-fungible tokens are technically unique digital assets, like artwork, images, songs, digital trading cards, and so much more that are tokenized. They are verified and stored using a technology called blockchain, a distributed database that maintains a secure and decentralized record of transactions. As the NFT market continues to grow at an exponential rate, plenty of companies have stepped in to join the NFT frenzy, including the ever-so-exciting Paragons.
Unlike most NFTs that inhabit the metaverse, Paragons NFTs are high-definition, 3D-generated, ethereal artworks infused with over 250 unique attributes. The beautifully created digital art is made by SpaceRenders, who intricately designed each NFT to connect the modern world and the project’s Paraverse. There will be a total of 9,424 unique 3D-generated Paragons NFTs available for minting once the project drops. Its pre-sale will be on January 28, and its public sale will be on January 29.
Each Paragons NFT will display a variety of mystical characteristics that are randomly generated, including crypto-themed jewelry, Saturn rings, and more characteristics that are heavily inspired by some of the greatest artists of all time.
Owning a Paragons NFT will give its holders access to the ever-exclusive Paraverse, a 3D in-browser world that they could explore anytime they want, as well as several free NFTs, including Shrines for the holder’s lands and Parables, creatures that inhabit the Paraverse. Several activities can be done inside the Paraverse landscape, including communicating with other Paragons NFT holders, interacting with their Paragons, and harvesting resources. The Paraverse will also allow future owners to take part in an immersive experience that will authorize them to trade with each other, as well as hang out. In addition, the holders will have the chance to earn the Paraverse’s native ERC-20 tokens through its play-to-earn mechanic, where they can stake their respective Paragons to earn passive income, as well as additional NFT drops, and the ability to mint future NFTs through the resources and tokens they earn. With a token-fueled economy and an ever-changing Paraverse, the possibilities for growth amongst Paragon collectors are endless.
Because Paragons revolves around being a community-powered project, holders will have access to a community vault and the project’s decentralized autonomous organization or DAO. According to developers, the project was made to cater to all NFT enthusiasts, most notably those who are typically interested in 3D-generated artworks and those who seek projects with long-term utility and tokenomics. Through Paragons’ roadmap, NFT holders are made aware of the project’s future. Still, the team is affirming that it will add value to the Paraverse and future drops, functionality for resources, and Tokens in due course.
Check out Paragons’ website to learn more about it.
