Highstreet HIGH
About
What Is HIGH (Highstreet)?
HIGH Token (Highstreet) is a native token of a decentralized commerce-centric play-to-earn metaverse built with virtual reality (VR) support. Apart from realizing a two-way currency flow within physical and virtual worlds, Highstreet (HIGH) introduces a market where in-game items can be redeemed for real-life products. During gameplay, users have an opportunity to explore the metaverse, fight monsters and complete quests all the while acquiring goods that have both digital and real-world utility.
The project aims to define the new generation of retail and offers an effortless, secure and entertaining way of making online purchases.
Apart from HIGH, the game features a utility token STREET, acquired through completing various tasks in the game. While HIGH is considered a governance heavy token, giving gamers an opportunity to vote on major decisions on the platform, profit through stacking and buy products on the marketplace, STREET serves as the primary currency facilitating the commerce in the game and can be used to buy armor, weapons, heals, travel tickets and hotel stays. HIGH is paid to owners of properties in taxes and is also obtainable through participation in metaverse’s special events.
As stated in the official sources, the token first went live in October 2021. The company’s twitter feed reports that the game is currently as of November 2021 in private alpha testing with the public beta testing coming towards the end of the year. Highstreet market is already accessible to users via browser.
Who Are the Founders of Highstreet?
Highstreet (HIGH) was rebranded from a computer vision company LumiereVR. Established in 2015, it was focusing on elevating retail experience through incorporation of VR technology. The co-founders of LumiereVR and Highstreet are Travis Wu and Jenny Guo.
Travis Wu is an experienced software developer and blockchain enthusiast with a background in VR. He studied entrepreneurship at Draper University in San Mateo, California and computer science at Queen's University in Ontario, Canada.
Jenny Guo majored in electronic art and political studies at Bard College in Annandale-on-Hudson, New York and studied creative producing at Columbia University in New York. She is an award-winning VR film producer, a devoted art collector and a successful entrepreneur. Guo also has an extensive background in art dealing between China and the United States.
What Makes Highstreet Unique?
Highstreet (HIGH) is an MMORPG game that blurs the boundaries between physical and virtual worlds. All the in-game items are represented on the platform as ERC-721 non-fungible tokens (NFTs) divided into two fractions. While the purchase of the digital fraction gives players an opportunity to use the item within the metaverse, buying the NFT as a whole allows gamers to also receive the item in real life.
The project ensures the legitimacy of every product sold on the market. The gamified marketplace’s authentication process guarantees that only verified trustworthy sellers can join the platform.
A bonding curve is a mathematical function used to set a relationship between the price of an asset and its available supply. Highstreet (HIGH) implements bonding curves to provide product liquidity for buyers and offer an automated price discovery for sellers.
As video games are currently taking over the industry of group entertainment for the young audience, creation of the in-game presence provides brands with an opportunity to expand a consumer market. Although Highstreet (HIGH) mainly features limited edition products by high-end brands at the present time, the platform encourages both startup and established companies to apply to launch their creation.
More Info
When Will HIGH Trading Begin?
HIGH first sale was in October 2021.
Can HIGH Hit $50?
During the token’s IDO, HIGH was on sale for $1. While for most of October 2021 the token price was at around $5.5, it started experiencing a significant increase upon the announcement of the beginning of Highstreet (HIGH) alpha testing in late October and so far reached at its highest $32.18. Between the unique concept and the development team's dedication to the project, Highstreet (HIGH) has a fair chance of further growing the value of its governance token with the game's public release and future plans fulfillment.
Where Can You Buy HIGH?
Highstreet (HIGH) is freely tradable and is currently available for purchase on the following exchanges: Uniswap (V2), PancakeSwap (V2), LBank, DODO BSC, HOO and Bitget.
New to cryptocurrency? You can read more about how to enter the market and how to buy BTC, HIGH or any other token in CoinMarketCap education portal — Alexandria.
AI Analysis
What is the Highstreet (HIGH) cryptocurrency good for? What are its main use cases?
Highstreet (HIGH) is a cryptocurrency that combines elements of decentralized finance (DeFi) with the metaverse and virtual reality shopping experiences. Here are some of the key use cases and features associated with Highstreet:
Virtual Shopping: Highstreet aims to create a metaverse platform where users can shop for real-world goods and services in a virtual environment. It seeks to bridge the gap between online shopping and immersive virtual experiences.
Gaming Integration: The HIGH token can be used within various games and virtual environments. Players can use it to buy in-game items, interact in the gaming ecosystem, or make purchases from stores within these environments.
E-commerce Platform: Highstreet is designed to support an ecosystem of retailers and brand partnerships, allowing them to set up virtual storefronts. Users can utilize HIGH tokens to purchase merchandise directly in the metaverse.
Decentralized Ownership: Users can own and trade digital assets, including items purchased or earned in games. This empowers users with true ownership of their digital items, which can be traded or sold independently of a centralized authority.
Community Governance: Holders of the HIGH token may have governance rights, enabling them to vote on various developments, proposals, and decisions related to the Highstreet platform.
Rewards and Incentives: Users can earn rewards or incentives for participating in the ecosystem, whether through shopping, playing games, or contributing to community activities.
Highstreet aims to create a seamless and engaging shopping experience that fuses physical and digital retail, leveraging the power of cryptocurrency and blockchain technology to enhance user interaction and ownership in the metaverse.
What blockchain does Highstreet use? Is it its own blockchain or built on top of another?
Highstreet is built on top of the Ethereum blockchain. It leverages Ethereum's infrastructure for its operations and utilizes technologies such as NFTs (non-fungible tokens) to facilitate its virtual economy. Highstreet combines elements of e-commerce, gaming, and the metaverse, creating a unique platform that allows users to explore, interact, and trade within a virtual environment. While it operates on Ethereum, Highstreet may also use layer-2 solutions or other compatible technologies to enhance scalability and reduce transaction costs.
Is Highstreet programmable? Does it support smart contracts or decentralized applications?
Highstreet is a metaverse project that integrates e-commerce with blockchain technology, particularly focusing on creating experiences for virtual shopping within its platform. While I don't have access to real-time updates, as of my last training cut-off in October 2023, Highstreet does support certain functionalities that are typical of blockchain platforms, including elements that facilitate virtual assets and interactions.
Regarding programmability, Highstreet has been designed to accommodate some level of smart contract functionality, particularly to facilitate transactions and interactions within its ecosystem. However, the extent to which it supports more complex decentralized applications (dApps) may vary.
If you're looking for specific features or detailed technical capabilities, I recommend you check the latest documentation on Highstreet's official website or relevant community resources to get the most current information on its programmability and support for smart contracts.
How fast are Highstreet transactions? What is the typical confirmation time and throughput (transactions per second)?
As of my last knowledge update in October 2023, Highstreet is a blockchain and gaming platform focused on integrating virtual environments with e-commerce. However, specific details such as transaction speed, typical confirmation times, and throughput (transactions per second) can vary based on the underlying technology it uses, network conditions, and other factors.
To get the most accurate and current information, I recommend checking the official Highstreet website, their technical documentation, or their latest updates on social media or community forums. If you have a specific aspect about Highstreet you're interested in, feel free to ask!
How much data can I store on the Highstreet blockchain? Does it support on-chain data storage?
As of my last knowledge update in October 2023, Highstreet is primarily a metaverse platform that integrates elements of gaming and commerce, and while it does utilize blockchain technology, specific details about its data storage capabilities, particularly on-chain data storage, can vary based on the architecture and design of the platform.
Highstreet generally focuses on enabling in-game economics and asset ownership within its virtual environment. Many blockchains have limitations on the amount of data that can be stored directly on-chain due to considerations like transaction size, costs, and efficiency.
For specific details about on-chain data storage capabilities, limitations, and best practices on the Highstreet blockchain, I recommend checking their official documentation or community resources, as these will provide the most current and accurate information. Additionally, the capacity for data storage can also depend on how developers implement various functionalities within the blockchain ecosystem.
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