Blockelite X Highstreet AMA Recap

Blockelite X Highstreet AMA Recap

Thank you to everyone who joined AMA Blockelite x Highstreet on 21st September at 03:00 PM UTC I 10:00 PM (UTC+7). Here is the recap for those who missed this AMA.

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Yuno – Blockelite Host: Hello fellow Eliters and welcome to another Blockelite AMA Series
So ladies and gents, Our special guest today is Travis Wu – Co-founder & CEO of Highstreet
Hello @TTar248 , welcome to Blockelite today

Travis Wu – Co-founder & CEO of Highstreet: Hello hello~ great to meet everyone here

Yuno – Blockelite Host: Thanks for joinning today
And Hope you’re fine today

Travis Wu – Co-founder & CEO of Highstreet: Feeling great~

Yuno – Blockelite Host: Great
On to the Segment 1 of our AMA, we hope you’re ready for the next few questions coming at you!

Travis Wu – Co-founder & CEO of Highstreet: absolutely

Yuno – Blockelite Host: Our guest is ready, we will enter Segment 1 right now !!!
Q1: Can you please introduce yourself and share a quick overview about Highstreet?

Travis Wu – Co-founder & CEO of Highstreet: Travis here, CEO at Highstreet, We are an MMORPG game where in-game items are real products from real brands. Its a bit of a childhood dream for our team of gamers. our team grew up playing maplestory and World of Warcraft where we’d spend hours grinding levels, with the rise of GameFi and NFT, our degenerate gaming habits all of a sudden can become quite productive. Especially when in game items have real world values intrinsically tied to them.

Yuno – Blockelite Host: Thank you, for your introduction, our pleasure to have you join us today
Next question
Q2: The name Highstreet seems to be very interesting. Can you share with us the story behind it or the inspiration for approaching this name?

Travis Wu – Co-founder & CEO of Highstreet: Highstreet is essentially shopify on an MMORPG game, it allows various brands from HIGH fashion to STREET wear to easily launch their own virtual shops in our metaverse. The game itself is inspired by some of our childhood classics, from Maplestory, Avatar the last airbender, Treasure Planet,One Piece, as well as Ready Player One. Highstreet you can think of as a very real place that you and your friends can travel to and have epic adventures in.

Yuno – Blockelite Host: Thanks for answer
Next question
Q3: Can you explain how Highstreet Metaverse works? What role do HIGH tokens play in the Highstreet ecosystem?

Travis Wu – Co-founder & CEO of Highstreet: Highstreet Metaverse is an MMORPG game that starts you off on Freshmint Island where you learn to craft and defend yourself. Then you head on over to the Continent of Solera where you begin your journey as an Explorer. There are class systems in place, at the start you can either be an archer or Brawler, but we’ll add more down the road. As you shop around Highstreet City you’ll start realizing real world brands embedded into the game allowing the integration of physical and digital worlds together. Our products are mostly phygital so feel free to redeem what your character wears in game into the real world. HIGH token is one of two tokens in the Highstreet Metaverse, HIGH is primarily used for in game Real Estate, special heal items, Tickets for in game Ferries etc whereas another token to be launched later in the year “street cred” will be used for other in game products.
https://www.youtube.com/watch?v=5QBYWviLZ0k
https://www.youtube.com/watch?v=_tro1LVIDWM
https://www.youtube.com/watch?v=KW5MrxN-34w

Yuno – Blockelite Host: Thank you, next question
Q4: What are the target users of Highstreet?

Travis Wu – Co-founder & CEO of Highstreet: At the start probably a lot of native gamers who love MMOs or enjoy exploring immersive worlds. We are built with Native VR support as well so definitely think a lot of PCVR players will be interested in trying the metaverse out itself. One of our core features is our commerce component though so I think this is where a lot of crypto natives would be drawn towards us, besides the play to earn strategy, our market place has tons of Defi mechanics in it and have plenty of ways for people to earn

Yuno – Blockelite Host: and How do i know if this project is trustworthy?

Travis Wu – Co-founder & CEO of Highstreet: The core team itself has been working together for almost 6 years now. We started as a traditional equity based Virtual Reality company called LumiereVR where we use our computer vision technology to help brands and retail companies turn underutilized real estate into mixed reality experiences. Since our inception we’ve built and picked up a few entities along the way. We have an award winning studio arm backed by Sundance Festival that consistently pushes the boundary of Art and Tech, In fact, last year, my co-founder produced a piece that won an Emmy. In 2018 we also acquired a data analytics company called Retinad Realite Virtulle based in Montreal. Incorporating their gaze tracking software into our metaverse allow brands to receive consumer behavior data in real time. How long a product had been interacted with, how many times a logo’s been seen, every piece of information is natively picked up and processed for brands to help improve their customer experience. Our team today consists of people from corporates like Mickinsey and Sotheby’s, as well as crypto natives and Traditional alt asset traders. However the one thing that binds us all together is that we’re all super hard core gamers that’s been building our vision together for the past 6 years. Ready player one is like a Bible for many of us, so building Highstreet is really that first piece of the puzzle.

Yuno – Blockelite Host: Perfect, last question in segment 1
Q5: What’s the next big milestone that Highstreet is working towards?

Travis Wu – Co-founder & CEO of Highstreet: So we just dropped NFTs (https://highstreet.market/ffds) of our Duck mascots haha so things are pretty exciting, by the end of the week these ducks will be able to enter our mid-autumn vault to earn a chance to receive HIGH Vouchers. these vouchers not only will turn into HIGH tokens post TGE, but before that you can use it to participate in our Drop 0 release as an opening event for our market place. There you can buy specialty products as well as earn even more HIGH as rewards. Finally we have Public sale coming up soon! Announcements will be out next week, as well as exchange listings that follows. During Halloween our metaverse will open for public alpha and we’ll kick everything off with an In Metaverse AMA as well, so get your ducks and prepare for an epic adventure !

Yuno – Blockelite Host: We wrapped up nicely the first part.
Are you ready for Segment 2 (5 best questions from twitter)?

Travis Wu – Co-founder & CEO of Highstreet: yep!
ready to go

Yuno – Blockelite Host: Our guest is ready, we will start Segment 2 right now !!!
Q1: Since the tokens from the marketplace represent redeemable limited edition products, how is it ensured that no token or product can be plagiated and therefore no user can be scammed? What gives the tokens the mark of being original and not replicable?

Travis Wu – Co-founder & CEO of Highstreet: At the moment for our limited edition market place we are handpicking merchant partners, usually they are reputable brands or celebrities starting new apparel companies. All tokens generated from these products are locked on our platform, so there are no chances of fraud. Anything off platform is not real.

its important to distinguish that our limited edition product market place or Highstreet Market serves erc20 tokens NOT nfts. They are more similar to Unisocks

Yuno – Blockelite Host: Next question
Q2: Could you explain more about your marketplace? Can I sell my own NFTs in Carmoon marketplace? Are there any certain requirements for users who want to buy and sell their NFTs in that marketplace?

Travis Wu – Co-founder & CEO of Highstreet: We have two types of market on Highstreet, limited edition and common products. Limited edition market place you have to apply to us in order to get products listed, its mostly a launchpad for new brands with great track record. The common market is for regular products from established brands, however eventually we will open for the community to participate and anyone can launch their own brands through highstreet just like with shopify. Since we are a phygital focused platform, its not as easy as making a JPEG, all our products have real world i items attached to it, so we need to ensure you can deliver these physical products to protect our users.

Yuno – Blockelite Host: Thank you, next question
Q3: Almost 80% investors have just focused on price of token in short term instead of understanding the real value of the project. Can you tell us on motivations and benefits for investors to hold your token in long term?

Travis Wu – Co-founder & CEO of Highstreet: Price of token is obviously important to us and all our token investors and hodlers. However the token utility being an important in-game mechanic is something that we take pride in. Buying property within Highstreet, paying for in-metaverse entertainment, for example bidding for what song comes next in one of our Highstreet Clubs, all of these require tokens to participate. We believe a strong enough utility attached to the game will be the driving force of both token price, as well as overall sustainability of the product.

Yuno – Blockelite Host: Continue with Q4
Q4: Do you agree that a project’s token value is as good as its utility? If yes, since the “Highstreet’ will issue “Highstreet’ token as part of the protocol’s release, what are your plans for increasing its value and what are the main purpose of the “Highstreet’ token?

Travis Wu – Co-founder & CEO of Highstreet:

There are two major tokens in Highstreet Metaverse that will work with each other, i’ll attach a diagram to better describe this,High tokens will launch first, Street token will come after our metaverse has launched later this year and HIGH’s utility has been translated to the community

Yuno – Blockelite Host: Ok, last question of this segment, everyone please prepare good questions for segment 3.
Q5: What can I do to assist in the development of #Highstreet world project? Do you have a way of involving Community members to participate actively in project apart from GOVERNANCE?

Travis Wu – Co-founder & CEO of Highstreet: Participate in our NFT event at https://highstreet.market/ffds !
Not only is it a great way to get started learning about the Highstreet Metaverse but also allow you to win tokens ahead of public sale. We have about 300,000 tokens available for winners.Doing so will actually helpus test the robustness of our smart contracts, a lot of the activities used basically reward community members for being early testers ahead of token launch. So please join all our social media too!
Medium: https://medium.com/highstreet-market
Twitter: https://twitter.com/highstreetworld
Telegram: https://t.me/highstreetworld
Discord: https://discord.com/invite/439FhsrMu2

Yuno – Blockelite Host: You are awesome, thanks for answer all 5 best questions from twitter of my community.
Last Segment for AMA today, The guests will select 5 best questions from the community.

Travis Wu – Co-founder & CEO of Highstreet: thank you~
ready!

Blockelite Community:
Did you consider community feedback/requests during the creation of your product in order to expand on fresh ideas for your project? Many projects fail because the target audience and clients are not understood. So I’d like to know who your ideal consumer is for your product?

Travis Wu – Co-founder & CEO of Highstreet: We are actively considering community feedback, we are actually going to be building an app targeting Oculus Quest 2 called Highstreet Snapshot that will allow VR natives (one of our most prized users) to follow our development chapter by chapter while immersed in the worlds we’ve built. THey can provide feedbacks directly on social or even during our AMAs which we will hold within the metaverse itself

Blockelite Community:
How safe is your platform? Has there been any Audit so that its safe from bugs and smart contract is fully audited?

Travis Wu – Co-founder & CEO of Highstreet: Yes our smart contracts have already been audited by certik, we are however looking at another round of audit soon just to get another opinion !

Blockelite Community:
How do you plan to spread awareness and benefits about your PROJECT? in different countries where English is not good?

Travis Wu – Co-founder & CEO of Highstreet: we have ambasadors from 12 different countries and are actively working with influencers across different regions. So far we covered North America, LATAM, SEA, China, Korea, Japan

Blockelite Community:
What is total supply of your project? Where we can buy it? Are your plans to focus on market or to grow community

Travis Wu – Co-founder & CEO of Highstreet: HIGH has 100M total supply, you will be able to participate in winning tokens by joining our NFT campaign at https://highstreet.market/ffds . We will announce public sale date and platform next week as well 🙂

Blockelite Community:
Since NFT is popular nowadays, is there a plan for NFT integration?

Travis Wu – Co-founder & CEO of Highstreet: Yes you can rent slots in the Highstreet City and other cities to post your NFTs up for display:
https://www.youtube.com/watch?v=GVYN7Dd_KqM&ab_channel=HighstreetMetaverse

Blockelite Community:
Can you list 1-3 killer features of Your Project that makes it ahead of its competitors? What is the competitive advantage your project has that you feel most confident about?

Travis Wu – Co-founder & CEO of Highstreet:

  1. We are building an MMORPG built from the ground up to support VR natively
  2. We are integrating real brands and real products into this world
  3. Every Product in the game is phygital meaning either you can redeem it for a physical product, or they’re fractional NFTs that allow you to pick either to buy just the digital component or the entire phygital pair

Yuno – Blockelite Host: Our AMA is ended