HypeX

Inspiration 💡

I was a sneakerhead and a sneaker reseller in college. According to Market Watch, the global sneaker market has a 78.75 Billion Dollar market cap. Hype and craziness are both found in the sneaker world and the crypto world. Holders of both markets are passionate and curious. However, even though the sneaker market is huge, the liquidity of the market is low due to the inefficiency of transactions. For traditional sneaker reselling, each transaction requires physical delivery and authentication, which decreases the market liquidity. Due to my tech background. I have been watching the crypto market closely since 2016. I found that the NFT will be the best tool to solve this issue.

Connecting the NFT with physical sneakers will not only increase the liquidity of the sneaker market but also solve the problem of lacking real floor price issues in the current NFT market.

Therefore, we initiated our conceptualization of HypeX. And after few iterations, HypeX designed more fun features to attract users to play&earn in HypeX.

What it does 💪

Blockchain and cryptocurrencies have brought exciting transformations and new trends to different markets. It is in light of this that we are leveraging these innovations to transform the sneakers market. We are introducing HypeX, which is the first blockchain game for sneaker lovers. According to Market Watch, the global sneaker market has a $78.75 billion market cap. It is predicted to hit $128.11 billion in 2027.

There is a vast market opportunity, and we want to contribute to the growth of both the crypto and sneakers markets. We are deploying non-fungible tokens to bring exciting features to our token holders and users. With HypeX, each fractional NFT card is associated with physical merchandise. Users can forge and redeem their NFTs for physical shoes or upgrade their NFT to a higher level with more attributes.

HypeX is the bridge between sneaker lovers and crypto users. HypeX will collaborate with celebrities, designers, and influencers to drop limited and exclusive merchandise in the future. There will also be more games and crypto-related features that engage our users and token holders. We are building a full-stack NFT company that enables players to enter our ecosystem and be rewarded from their NFTs with play-to-earn games.

Our goal is to become the crypto gateway for non-crypto users. HypeX aims to build a metaverse that connects the physical world to the digital world. Blockchain is our tool for building a gateway between two massive industries. With current technology already enhancing wearable NFTs in the metaverse, we are following suit with NBA Top Shot, Decentraland, and sneaker vendors in the real world to further progress sneaker culture in tech.

Highlights/features ✨

Each fractional NFT card in HypeX is associated with a physical product in the real world. Users can buy/sell cards and use them to redeem physical products. The floor price of the NFTs is ensured by the market price of the physical products. The liquidity of the sneaker reselling market is increased by trading digital fractional NFTs in HypeX.
Since HypeX is partnering with the most popular and well-known sneaker/fashion companies, the concept of HypeX has been proven by industry experts.
In addition to getting much attention from Crypto companies & organizations, HypeX has top-tier crypto leaders on board to support the project and has won numerous hackathons.
HypeX has many resources in influencers/KOLs/Celebrities. The power of influencers and HypeX’s strong network will become the bridge between sneaker/fashion lover and Crypto.
HypeX has a world-class team including top developers from Coinbase, Google, Apple, and Microsoft. The excellent team ensures that HypeX will deliver a solid and smooth product.

How we built it 🏗️

Roughly There are three types of technologies we are using in the project: general web technologies, service-oriented technologies, and smart contract technologies. The project is leveraging both proprietary technologies and open-source libraries. Especially for smart contract technologies, initially, we will leverage matured protocols and related implementation. In the long run, we intend to build our own protocol for fractional NFT. The protocol will be submitted as EIP (Ethereum Improvement Proposals) and the reference implementation will be open-sourced for the community to maintain.

What's next for HypeX ⏭️

For product: We will launch our Beta version at the end of this year and keep adding amazing features into our application, and building our Hypex ecosystem to unlock the infinite potential of HypeX NFT.

For marketing: With our initial 1000+ seed users from our cofounder Ian's loyal fans base who is a sneaker influencer with over 1.4 million followers. HypeX will partner with fashion/crypto influencers/celebrities across the social media networks and unite all sneaker NFT lovers and enter the hype!

For fund & token: We are closing our first round (Seed/Private1). And we are planning to do a token launch at the end of the year.

Links 🔗

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