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Terra Virtua and Casper Network will also be exploring the rapidly evolving NFT market. This partnership will set a new milestone in the mainstream adoption of blockchain technology.
Blockchain-based authentication of physical virtual assets has seen a rising demand in recent times. The key features of blockchain technology like transparency and security bring authenticity to real-world assets. In one such development, Terra Virtua, an immersive entertainment-focused collectibles platform and marketplace, has joined hands with Casper Network for the authentication of physical assets.
Leveraging the Casper Network’s blockchain technology, Terra will also users verified authentication of physical assets before purchasing. Speaking about the partnership, Jawad Ashraf, Co-Founder and CTO of Terra Virtua said:
“We are looking forward to working with CasperLabs to leverage NFTs in terms of authentication. This is a truly untapped global market and we are working closely with the Casper team to launch some great solutions”.
Besides, Terra Virtua is also working on similar applications in the red-hot NFT market. Non-fungible tokens (NFTs) have been a rage in the crypto market. Besides, the NFT market itself is a billion-dollar industry as of date.
Via its digital marketplace, Terra Virtua also facilitates consumer NFT purchases. Terra is soon planning to release a virtual reality capability using which it will allow collectors of digital assets to display and interact with virtual goods in augmented reality. Thus, Terra is working on bringing a unified experience for users by leveraging the latest mobile and gaming technologies.
New Opportunities for Terra Virtua and Casper Network
As said, Terra is on a mission of reinventing the world of collectibles while engaging fan-based user communities. The company has also had its operations in the UK, US, and Asia. This partnership between Terra Virtua and Casper Network will unlock new opportunities for both companies.
Terra’s ability to mass market NFTs has been recognized by some of the global brands in the industry. Terra has worked with some of the big names like Legendary Entertainment, Paramount Studios, and others. The official announcement notes:
“With the Casper Network’s mainnet live, CasperLabs is excited to push the mainstream adoption of blockchain technology through innovative NFT use cases in collaboration with Terra Virtua”.
This partnership will set a new milestone in the mainstream adoption of blockchain technology. Besides, Casper’s secure and decentralized solutions will add a layer of trust for customers.