Renovi and Boson Protocol Partnership Agreement
Renovi and Boson Protocol has announced the signing of a strategic partnership which will see the two organizations come together to meet the rising demand from brands and businesses for a complete solution for Metaverse Commerce builds.
As part of the agreement, Renovi will support Boson Protocol sellers with the design and development of their 3D buildings and assets, whilst the Boson team will offer its breakthrough technology which enables brands to sell physical items in the metaverse as NFTs.
The move comes after the two organizations, who have previously collaborated on projects such as Metaverse Fashion Week, look to strengthen their presence in the Web3.0 space.
The organizations are also working together to explore solutions which enable users to rent or purchase digital buildings, as well as buy digital wearables all from the same platform.
RENOVI is a leading Metaverse platform working with a multitude of global designers, brands and businesses to help them navigate the Web3.0 space by offering services such as land rental, 3D building and wearable (marketplace) purchasing and leasing, job opportunities, and buildathon development.
What is Renovi?
Renovi Studios, the company’s design division, has already become an established business in the Web3.0 space — creating, developing, implementing and delivering Metaverse and digital asset strategies in the fashion, entertainment, sports, and hospitality sectors.
The company recently announced the development of a bespoke project for InterContinental Hotels & Resorts (IHG Hotels & Resorts) where its team developed and built a ground-breaking immersive gallery as part of the launch of 10 exclusive non-fungible tokens (NFTs), in collaboration with British artist Claire Luxton.
Renovi has also developed bespoke stores, designed Metaverse appropriate logos and branding, and created novel internal spaces for brands such as DKNY, Phygicode by WyldFlwr, GM Motors, Lion, Taste of the Future, Prive Porter, and Charles and Keith.
During Metaverse Fashion Week last year, Renovi collaborated with Boson Protocol and, through their virtual stores, NFTs were both sold as digital wearables and also as physical items. This enabled fashion brands to promote their products to a new audience, experience new business models such as Direct to Avatar but also sell physical goods.
At the inaugural Metaverse Fashion Week 2022 earlier this year, Decentraland hosted over 108,000 people who explored the burgeoning world of Wearables and digital fashion. Both legacy fashion houses and new digital fashion brands combined minted over 165,000 free wearables during the event.
Justin Banon, Co-Founder of Boson Protocol, said: “Boson Protocol enables the tokenization of physical things as redeemable NFTs which can be sold directly within the metaverse.
“Boson’s SDKs plug into metaverses such as Decentraland to enable builders such as Renovi to easily create metaverse commerce experiences for brands. Boson also enables advanced token gating to create gamified and Web3 loyalty experiences, and phygital support for twinning in-verse wearables with real-world physicals.”
The company has worked with brands such as Tommy Hilfiger, Brandverse, Auroboros, House of RARE, Chubbies, Hogan, Cider, IKKS, ANREALAGE, Deadfellaz, 8SIAN and more.
Andy Charalambous, co-founder, Renovi, said: “Working with Boson protocol means not only they can offer 3D designs for Metaverse platforms such as Decentraland during Fashion week but they can help various brands that they work with to offer phygital wearables and enhance their activations/Metaverse strategies.
About Boson Protocol
Boson Protocol is Web3’s commerce Layer, enabling the decentralized commercial exchange of any physical thing as redeemable NFTs. Redeemable NFTs (rNFTs) can be thought of as NFT vouchers for things which can be: bundled to create phygitals and digital twins, programmed to enable token-gating to holders of specific NFTs and configured to return royalties on secondary sales. Simply purchase the redeemable NFT and get the physical item, or your money back.
About Renovi & Renovi Studios
RENOVI is a leading Metaverse platform working with a multitude of global designers, brands and businesses to help them navigate the Web3.0 space by offering services such as land rental, 3D building and wearables (marketplace) purchasing and leasing, job opportunities, and buildathons development.
Renovi Studios, the company’s design division, has already become an established business in the Web3.0 space — creating, developing, implementing and delivering Metaverse and digital asset strategies in the fashion, entertainment, sports, and hospitality sectors.
SOURCE: MEDIUM
