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Trace Network Labs
About Trace Network Labs
Trace Network Labs (TRACE) is an NFT-based decentralized finance protocol that facilitates the integration of luxury and lifestyle into various multichain metaverses. Utilizing web 3.0 technologies, it enables permissionless financing options and offers unique merchandise identification solutions. TRACE serves as a gateway for lifestyle brands to create and launch limited edition products for digital avatars across multiple metaverses. $TRACE, the native token, is used for governance, allowing holders to propose and vote on on-chain decisions. It also plays a key role in "Buddy," a product for creating metaverse-agnostic avatars, and "Bling," a marketplace for rare, limited-edition NFT lifestyle products. Moreover, $TRACE facilitates various metaverse experiences and commerce, supporting business collaborations and shopping in the virtual world. Trace Network Labs is at the forefront of merging blockchain, NFTs, and metaverse experiences, creating an immersive digital ecosystem.
Trace Network Labs (TRACE) is an enterprise-grade, NFT-based decentralized finance protocol that leverages composable smart contracts to enable permissionless financing options through DeFi. It also offers unique merchandise identification solutions using NFTs. TRACE is positioned as a decentralized protocol that facilitates the evolution of luxury and lifestyle in any multichain metaverse. It aims to redefine luxury lifestyle in metaverses using NFTs and digital fashion, powered by web 3.0 technologies. The network focuses on being the gateway for lifestyle brands to launch limited edition lifestyle and fashion products specifically for digital avatars in various metaverses. Trace Network Labs is developing an ecosystem that enables individuals to create exclusive virtual spaces and live a digital life seamlessly across multiple metaverses.
$TRACE has several applications within the Trace Network Labs ecosystem:
- Governance: $TRACE holders can propose and vote on on-chain governance proposals, influencing the future features, parameters, and improvements of the Trace Network.
- Digital Identity Creation: Through the product "Buddy," $TRACE is used in creating realistic, metaverse-agnostic avatars, allowing users to traverse various virtual worlds with a unique digital identity.
- Marketplace Transactions: In "Bling," a global marketplace for rare and exclusive NFTs, $TRACE facilitates the creation, marketing, and distribution of limited-edition lifestyle products and accessories by luxury brands.
- Metaverse Experiences and Commerce: $TRACE enables enterprises to launch various metaverse experiences, including business collaborations and shopping, with integrated payment components for transactions in these virtual spaces.
Trace Network Labs is innovating at the intersection of blockchain, NFTs, and the metaverse, creating an infrastructure that supports digital human civilization with web 3.0 native features, avatars usable across multiple chains, and unique experiences in the digital world.