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  /  cryptocurrency   /  Crypto v Fiat Currency War Reaches the Metaverse! NFTICALLY is the Pioneer
Crypto

Crypto v Fiat Currency War Reaches the Metaverse! NFTICALLY is the Pioneer

NFTICALLY launches the world’s first crypto-free metaverse for e-commerce. This is how it will work.

NFTICALLY, the creator of the NFT marketplace, has announced the launch of Comearth, the world’s first e-commerce metaverse ecosystem that will operate without cryptocurrency. This platform would be useful for businesses and individuals looking to open their own stores in the metaverse. All they have to do is purchase a plot of land in the metaverse and construct whatever they want on top of it. NFTICALLY founder and CEO, Toshendra Sharma stated that Comearth will give all types of direct-to-customer (D2C) brands and businesses the opportunity to open a storefront in the metaverse.

Comearth is a metaverse fusion of Shopify and Amazon, where users can open their storefront through a do-it-yourself (DIY) interface and sell products or generate leads by providing customers with an immersive 3D experience. On Comearth, anyone can create their own e-commerce metaverse storefront using its DIY interface. Businesses can purchase a plot of land in the metaverse and then construct a 3D structure on top of it. Its interface will handle everything. And business leaders will only need to bring their own products to sell.

 

What makes Comearth unique? 

Comearth aims to solve some of the most common problems associated with various metaverse platforms around the world. The majority of these revolve around events or gaming and require some kind of crypto token for various activities. Even though businesses in India are excited about exploring the metaverse ecosystem as a new channel of growth, no easy-to-implement platform is available.

Enterprises are looking for measurements, and specific signals they can get from the metaverse to fine-tune their business strategy, which is completely lacking in the market. They have created all of these things in a completely bundled manner for all big and small businesses across the country. But due to regulatory constraints, Indian businesses are also wary of dealing in cryptos, making them hesitant to do business in the metaverse. NFTICALLY hopes to solve this issue as well with Comearth. 

In India, brands face significant challenges when dealing with cryptocurrency. They won’t need to touch cryptocurrency to enter the metaverse on Comearth. This has nothing to do with cryptocurrency. This is more of blockchain technology and web 3 things.

 

Brands that are already on board 

Some publicly traded companies have already decided to open storefronts and experience centers on the Comearth metaverse. CEAT Tyres, Mafatlal Industries, and Metro Brands are among them. The firm hopes to have Comearth available in private beta to selected brands within the next 2 to 3 months. Certain other brands have already confirmed their participation. These are primarily public companies such as Mafatlal Industries, Metro Brands, and Ceat Tyre. Comearth is also collaborating with them to create a 3D immersive experience for them in the metaverse.

 

How will Comearth function? 

Businesses must first purchase land in Comearth. They can construct their store or experience centers on the land. Everything will be accessible via a DIY interface. Comearth has 235,000 land parcels, with the smallest unit measuring 11 square meters (or 900 square meters). The smallest unit of land in Comearth will cost only US$200 to purchase. Customers would be able to visit the Comearth store even without VR headsets by using a browser or a mobile device. 

Once you buy a piece of land, you can build anything on top of it as long as certain guidelines are followed. You can generate leads and sell both digital and physical goods. You can also redirect all of your sales into your existing sales channel. On this metaverse, each store owner will have complete control. They can set their own analytics, control the structure and look and feel, and decide who can and cannot enter, as well as measure everything at their own level.