Avarta is partnering with Bit Hotel, an NFT based play-to-earn game to redefine the blockchain gaming industry. Bit Hotel allows their players to explore revolutionary NFT gaming, where they get to collect NFT items and display them in their room or in mini-games. This collaboration comes at the perfect time for players to build their reputation in the Metaverse with Avarta’s breakthrough trust methodology as well as securing their valuable digital assets such as Bit Hotel tokens and NFTs. Additionally, the Avarta and Bit Hotel team will work together on exploring use cases that leverage the ability to offer differentiated access to parts of the Metaverse.
Bit Hotel is redefining the standard for social play-to-earn blockchain games. In Bit Hotel, each room and common room functions as a chat room where players can hang out, chat or trade with each other. Players can also battle it out in one of the mini-games to earn token rewards, and withdraw them to their wallets. Bit Hotel has a Bit Hotel Coin and land sales go live in end January. The partnership with Avarta will be beneficial to Bit Hotel Landowners, providing them with the Trust layer they need to interact with other players in the ecosystem.
Kareem de Vries, CPO of Bit Hotel commented:
“We could not be more thrilled with this partnership. Avarta is playing a crucial role in aggregating multiple digital identities, and establishing trust within the Metaverse!
Matthew Ainscow, Chief Executive Officer of Avarta commented:
“We are excited to partner with Bit Hotel, a social play-to-earn game that's revolutionizing NFTs in the Metaverse.”
About Bit Hotel
Bit Hotel is a Social-first Play 2 Earn NFT Gaming Metaverse, in which users will be able to use Bit Hotel tokens to acquire native NFTs and participate in decentralised governance. These NFTs have in-game usability and consist of characters, hotel rooms, furniture and other artefacts that have their own perks. These NFTs consist of varying rarities and can be traded on the open market.
Users will be able to meet and chat with other players, compete on our various ever-changing mini-games, and battle their way up the global leaderboard to earn in-game assets. Users will be able to use their rooms to host small gatherings and as their own personal social hub. DAOs and communities will have club houses; in which they can host AMA’s, organise IDOs, and other communal activities. Bit Hotel offers users authenticity, anonymity, and the reminiscence of their 8-bit upbringing.
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Avarta protocol deploys a three-layered solution to address authentication and identification issues in the DeFi space. The security layer is centered around a biometric-secured multi-signature, multi-chain wallet that safeguards every transaction. Avarta’s compliance layer features a validation mechanism that combines transactional data with third party information that helps Dapps remain compliant. The differentiation layer addresses overcollateralisation in DeFi via Avarta’s Trust Scoring mechanism to offer users collateralisations that match their risk profiles.
Avarta is partnered and backed by the likes of X21, Andromeda Capital, GHAF Capital Partners, Maven Capital, CRT Capital and Magnus Capital.
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