STR8FIRE: Here’s What The Marvel Universe On Blockchain Would Look Like
In Brief
The STR8FIRE ecosystem is a surefire way to bridge the best of IPs in Web2 to fuse into the novel technology that blockchain offers. As blockchain enhances the gaming scene by offering seamless transactions, smart contracts, and secure storage of digital assets, STR8FIRE is at the forefront of minting the next iteration of IP
At the foundation of the media and entertainment industry, which includes music, films, comics, publishing, and gaming, are inalienable intellectual property rights. IPs, at the highest levels, are mostly in the hands of big corporations.
In an era where virtual worlds are being built for participants to come together to play games, and attend events, virtual ownership of assets is no longer a want. It’s a need.
There are different areas of intellectual property that Web3 affects. They include copyrights, trademarks, patents, trade secrets, etc. However, the minting of NFTs prominently affects copyrights and trademarks. It is not uncommon to see NFTs that carry the trademarks or designs of popular brands. Christian Dior and Louis Vuitton have signed up on the AURA Blockchain to allow their customers to trace the authenticity of their luxury goods.
IPs can also be a collection of interrelated multimedia created from an original work of art or fiction. A novel or comic can be adapted into a movie or a video game. Think of the Marvel or DC comic universes. Like Barbie or LEGO, toys can also be made into movies. In Web3, giants like Fenix Games and Sorare are making great strides. Another company making strides is STR8FIRE, a web3 entertainment company working on expanding existing and new IPs into a universe of related works.
STR8FIRE is an entertainment company developing its IPs and bringing renowned web2 IPs into the blockchain. The company builds on the intellectual property and trademarks that come with media products and expands them into playable games and NFT collections that can be owned and unlock rewards on the blockchain.
Big IPs in Web3
STR8FIRE, an IP-based project redefining the entertainment industry. The company is built on the concept of blockchain ownership of digital assets. It merges the traditional world of Intellectual properties (IPs) in Web2 with the possibilities that expanding IPs into other forms offers. .
STR8FIRE is a Web3 entertainment company that seamlessly integrates interactive gaming experiences, curated merchandise offerings and captivating content to redefine the boundaries of immersive entertainment.
Utilizing Epic’s Unreal Engine and Nvidia’s Omniverse platform, STR8FIRE develops a 3D Pipeline Technology that allows them to create inter-connected narratives across multiple media formats and monetize. Immersive experiences that include animations, comics, games, toys, music are ways the studio presents different IPs to their users.
For example, the company is currently expanding VIRUS, a Sci-Fi animation into a toy collection, mobile game, and NFT collection. VIRUS was co-developed with Bilibili, China’s largest animation studio.
STR8FIRE’s Vision
As the name implies, the project is a thrilling alternative to the ordinary. As many Web3 projects try to offer utility to the real world, they fail at scale when they compete with the much-established centralized ecosystems. Web2 entertainment IPs are sceptical about handing over ownership to a community of fans, while Web3 projects are building for a community that doesn’t trust to be rug-pulled. STR8FIRE is a bridge between the two iterations of the web.
STR8FIRE is a fusion of the best of IPs being made accessible in other entertainment media. They are building, in simple terms, 3D characters and environments for big media corporations and IP owners that enable Web3 communities to interact with them in an immersive environment and play-to-earn reward system. It’s bringing Web2 IPs to the blockchain where communities can own a slice of these IPs and monetize them in games, comics, toys, music, and animations. Marvel Universe in Web3 form.
What makes the project most interesting is that it’s a collaboration between the Web3 community and the most talented creators to develop new IPs and grow existing renowned IPs in Web3.
The ecosystem is fueled by the $STR8X token. This is the native token that would be used to pay fees on the platform; pay in-game purchases, and buy in for play-to-earn games.
$STR8X is the platform’s reward token, which would be used to reward players for playing games. With the token, users can gain access to exclusive content, and early access to new IPs. Another perk of holding $STR8X is that holders can whitelist for NFT drops, toy releases, and comic series. They have access to staking pools, and through these, they can participate in the development of STR8FIRE’S IPs.
The team behind the project is almost a congregation of the Avengers. There’s a Marvel comic writer on the team, a BAFTA-winning animator, an IP developer for Disney, and AI and DeFi experts. Industry names like Christiaan Eisberg, Xuyang Zhao, Ben Lock, and Haiwei Yuan, are leading the project.
The Ecosystem
- Free-to-Play-to-Earn Gaming: with games studios like Bilibili, Epic Games, and DreamSky in the firm’s IP portfolio, players can log into games, play, and earn $STR8X.
- NFTs: the STR8FIRE ecosystem hosts a triple utility NFT model that allows holders to hold IP-based NFTs as digital assets; offers them exponential return on their investment; and grants access to exclusive events and early access to new IPs.
- NFT Burning: token holders can burn their NFTs in return for exponential yields when staking $STR8X.
- $STR8X Buy-Back: with revenue constantly coming in for the firm, a certain percentage of profit made is committed to buying back $STR8X.
Final Thoughts
The STR8FIRE ecosystem is a surefire way to bridge the best of IPs in Web2 to fuse into the novel technology that blockchain offers. As blockchain enhances the gaming scene by offering seamless transactions, smart contracts, and secure storage of digital assets, STR8FIRE is at the forefront of minting the next iteration of IPs.
Disclaimer
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About The Author
Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.
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Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.
