Trace Network Labs has launched BUDDY, the first-ever project that focuses on creating real looking avatars in the metaverse.
In the picture alongside, you can see the BUDDY avatar of Pradeep Chakraborty, Consulting Editor, Dataquest, who was present at the launch.
BUDDY, is a human-looking avatar – the virtual replications of users themselves – bearing a complete likeness to their physical attributes and other characters.
Users can mint such digital avatars on the Polygon Blockchain. Trace Network has leveraged Polygon as it comes with negligible 'gas fee'. The gas fee is the transaction fee required on a blockchain to validate a transaction, in this case, minting a BUDDY avatar NFT.
During the event, users were also allowed to create their own avatars using a simple front-facing photo of the users (a simple selfie). Using this image, and AI, the avatar is rendered as a 3D model. It is then stored on Blockchain in the form of an NFT so that users can own it and retain it forever.
Once the avatars are converted into NFT and owned by the users, Trace Network dissolves its involvement with their data and content. From then on, as more and more metaverses and projects emerge and integrate into our Avatar framework, it will keep on opening up various experiences for users.
Sunil Arora, Co-founder of Trace Network Labs, said: "With the launch of Buddy, we are empowering the residents of metaverses to create fashionable real-looking and human-like digital avatars; after all, what you look like and wear, defines you, your lifestyle and shapes your personality as well.
"These NFT-based avatars will also become the common digital identity that can transport the avatar to any metaverse. So, you don't need multiple IDs for multiple metaverses. We intend to onboard a billion users in the next 5 years as this will be key to enabling creators to build digital life experiences for the meta-population."
Users who minted BUDDY avatars could walk, run, and shake hands with other avatars, among other things in the metaverse.
Trace Network is making Buddy accessible to all the metaverses, and blockchains so that users do not require multiple avatars to access multiple metaverses. Simply put, a BUDDY avatar is portable and metaverse agnostic.