HAVAH (HVH): Uplifting NFT Interoperability Across Multi Chains

NFTs, or non-fungible tokens, are scarce digital assets with verifiable value and can be authenticated. They have added a new layer of functionality to the crypto space as tradeable assets that can be collected, used for gameplay and more. However, NFT functionality has limitations. And HAVAH moves the dial in this space, created specifically to fill this multi-chain gap while still maintaining the value of each NFT.

What Is HAVAH?

The HAVAH crypto platform is created with an interchain NFT transmission protocol. This protocol allows the developers to build a comprehensive ecosystem where NFTs could serve their utility and be traded. Users are invited to transfer their NFTs across many chains into the platform. Here, users can display their collectibles and view other users' collections. In addition, users can mint NFTs on decentralized apps (DApps). They can also contribute to the ecosystem to earn HVH tokens and participate in community governance through the operation of Planets, off-chain nodes that maintain the health of the HAVAH ecosystem. With its interchain functionality, this platform takes NFT ownership, creation and utility to a new level.

What Are the Problems HAVAH Is Trying to Solve?

NFTs have inherent benefits, including their verifiable scarcity, authenticity and value. However, their limitations have presented challenges to traders, collectors and creators alike. NFTs are created on a specific platform and are tied to that blockchain. This means they have only been able to exist on their specific blockchains. Their success relies on the continued success of the chain itself. HAVAH is an interchain ecosystem that allows creators to produce new NFTs in a multi-chain environment, and this enhances their utility. 

The platform offers an extensive range of DApps for developers and users to benefit from. In addition, it also allows users to import NFTs from many other blockchains in the HAVAH crypto space. By doing so, users can store all their NFTs in one location. When users participate in the ecosystem, they are compensated with HVH tokens. Because of this feature, users can generate future financial gains simply by participating in it.

How Does HAVAH Bridge the Multi-Chain Gap in NFT?

The multi-chain gap in NFT has created frustrating limitations for developers, collectors, and users. NFTs have had to live on the chain they were built on, which has limited their functionality and collectibility. This project functions on a mainnet blockchain network using the interchain NFT transmission protocol. This protocol has been carefully refined to allow NFTs on other chains to be transferred to this platform. These secure transfers preserve the integrity, authenticity and value of transferred NFTs. By allowing users to gather their NFTs from various chains in one location without affecting value or authenticity, this multi-chain platform is changing the NFT space.

The Pros and Cons

The most significant benefit of this interchain platform is the ability for a user to pull together their NFTs on various chains in one location. On the platform, users can show off all of their NFTs and view other users' collections. HAVAH has gaming mechanisms, including games for NFTs created on this platform. In this way, the platform is more than a fundamental repository. It offers actual functionality and adds fun to the NFT experience. Developers can also use the platform to create their own NFT collections and games.

There are several financial benefits associated with using this platform as well. For example, this platform preserves the value of NFTs. NFTs do not lose their scarcity or authenticity when they are transferred. In addition, users who actively participate on the platform can also earn HVH token rewards. These tokens can be held for potential future financial gain and give users community governance utility.

Previously, some excellent NFT projects have suffered because of the decline of the chain that they exist on. This platform enables the life of a project to be rooted in its merit rather than relying on the survivability of its chain. Through interoperability on multiple chains, projects can take advantage of the many services and features offered on different chains.

However, it is essential to note that this is still a relatively new project. It is still establishing new partnerships and attracting more NFT projects. Available games are still limited, and some features are still being developed or refined. Nonetheless, taking advantage of the platform at this stage allows one to get in on the ground floor.

HAVAH Price

The native token, HVH, is currently used to compensate users who contribute to the platform's operation. In December, the platform announced a token reward for those participating in the Incentivized Testnet. At launch, there will be a total supply of 10 billion tokens. This includes roughly 4.8 billion HVH tokens provided on the service start date and an additional 5.2 billion tokens issued via Planets. Users who own Planets will receive an allocation of 4.3 million HVH daily in the first year. This decreases by 30% in the second year. As the platform's number of users grows, the circulating supply of HVH will be at most 10 billion through the functionality of the Sustainable Fund.

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The Team Behind HAVAH

Several collaborators have been involved in the development of this exciting project. These include ICONLOOP, 2bytes and others. Its partnerships have been strategically established based on expertise in GameFi projects, infrastructure, social media features and other relevant areas. These partnerships are with Aniverse, Grid, Altava Group, Pala, Souffl3 and Finger Labs. Additional partnerships are being established to design and position the platform to fulfill its missions strategically.

Is HVH Token a Good Investment?

HVH is earned through participation in the platform, so there is an opportunity for users to amass a sizable number of tokens gradually. While the token's prime utility is currently within the platform ecosystem, its utility shows a projection to evolve. The true benefit of using the HAVAH crypto platform is tied to its multi-chain interoperability rather than to the value of HVH at this time. However, as the platform continues to evolve, this could change. 

The Bottom Line

The metaverse continues to expand rapidly, and multi-chain interoperability is one of the more exciting areas of growth. HAVAH has specifically been developed to promote cross-chain functionality with NFTs, dramatically changing the utility and development of NFTs on different chains. Because it is actively being refined with collaboration from numerous respected companies, this is a project to watch.