Matrix NFT – A new era for the movie industry and franchise

Every day the world experiences new events, phenomena and activities. The NFT world is not short of it either. Every day the NFT world pops up with new NFT projects. The new NFT projects are coming up with new and exciting things. There are games, music, art and many more things. Though people are trying to add more features to it and make it more attractive and engaging. All things considered, Warner Bros has entered the NFT space with the Matrix Avatar NFT project. Let’s move on to what the Matrix NFT is and what it has to offer.

What is Matrix NFT?

The Matrix NFT project is the result of the combined efforts of Warner Bros. and Nifty. Warner Bros teamed up with Nifty for the Matrix NFT project. The project contains 100,000 Matrix avatar NFTs on the Palm blockchain. The avatars are developed by the creator of Epic Games’ Metahuman. Since the NFTs were released on the Palm blockchain, minting them has the least impact on the environment and gives a touch of eco-friendliness.

The initiative also represents the first entry of a major movie IP into the NFT avatar world. Oddly enough, the Matrix NFT avatars bear no resemblance to the characters of the Matrix world. Although this is a great incentive because it will all be unique and the owners of the NFT avatars can call it their own. The owners can also explore the Matrix world with their unique avatars.

The NFT avatars had a fixed price when it was released. The avatars cost $50 and enthusiasts were given several options when purchasing the NFT avatars. They can be purchased with cryptocurrency backed by DAI and Palm blockchain, credit cards, debit cards and Fiat currency.

The project was released on November 30, 2021. The launch of the NFT project took place in two phases. Let’s see the NFT avatars launch process.

Launch of the project

Phase 1

The project released the first batch of Matrix Avatar NFTs on November 30, 2021. These NFT avatars were randomly generated. The first set released was simple and portrayed normal people confined to the Matrix World. These avatars are available on Nifty’s marketplace and people can buy and sell them. The traits of these avatars are random and are a mix of different traits and in different arrangements.

Phase 2

The second phase of the launch took place on December 16, 2021. This phase included two options for the owners of the NFT avatars. The owners could take a red pill or a blue pill.

If the blue pill is the choice, the owner’s avatar will be trapped in the matrix.

If the choice falls on the Red Pill, the owner’s avatar will be transformed into a resistance fighter. The Resistance fighter will have all similar traits, but they will be improved over time as a Resistance fighter.

Taking the blue pill will get you stuck in the Matrix world. Therefore, you can fully explore the metaverse. By taking the red pill you can turn your avatar into a fighter.

The way the project works is close to the functionality of a game NFT project. The project offers missions that allow the owners to get free NFTs along with upgrading their avatars. The project also offers challenges and it allows the NFT avatar holders to upgrade their avatars and new NFTs as rewards. The project is also equipped with an active online community.

Conclusion

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Warner Bros with the Matrix NFT project enables the general population to experience the Matrix efficiently. The project will become acquainted with developments in the future, making it more interesting and valuable. The project is teeming with potential and is expected to do well in the future.

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