APRIL 30, 2024 — SWITZERLAND: STYLE Protocol, which transforms NFTs into 3D assets that can be used in any game or metaverse, has raised $2.5 million in seed funding.
The project solves the interoperability problem within gaming by allowing players and their purchases to flow seamlessly between platforms. Everything from skins to weapons —not to mention outfits and objects — becomes fully functional in diverse worlds.
It also means that online identities, avatars and personas can be transformed into playable characters in every game within STYLE’s ecosystem. This approach is truly innovative, scalable, and low-barrier to entry for everyday gamers.
Backed by the likes of Morningstar Ventures, Dutch Crypto Investors, GBV Capital, Protocol Labs and Alpha Ventures — along with prominent VCs including Filecoin, Faber, AlphaGrep, FunFair and Blockhub — STYLE delivers the infrastructure to usher in a new era of gaming.
Compatible with the world’s most prominent blockchains — including Ethereum, Polygon, Binance Smart Chain and Solana — this protocol is supercharging the Web3 gaming experience, removing silos, and offering compelling advantages for developers and players alike.
Right now, vast silos exist in the world’s most popular games, meaning that assets won or purchased with Sandbox, Fortnite and Roblox are incompatible across titles. Not only does this limit storylines and entertainment value, but it doesn’t give gamers value for money across worlds.
STYLE’s vision is to ensure items can be fully usable in 3D in worlds and be moved, multiplied and even rented across virtual environments, unlocking diverse revenue streams. And at the beating heart of this protocol is $STYLE — a native token that enables players to level up their experience.
For a fee, 2D images or NFTs can be transformed into 3D assets that can be deployed within games. Existing assets, including NFTs, can be bridged to another virtual environment using $STYLE. Another exciting development sees holders given the freedom to use text prompts to generate a fully bespoke avatar using artificial intelligence. For example, typing “cat with ninja weapons” into STYLE’s powerful engine will create a customized avatar only limited by the imagination. The days of only being able to select from a limited number of characters and outfits are now a distant memory. Complete creative freedom is here.
STYLE Protocol growth strategist Suranjan Singha said: “One of the biggest roadblocks standing in the way of digital asset adoption is interoperability. Gamers who pay good money for in-game items should have the right to move them and use them however they please. STYLE Protocol is the hub that makes this happen — and we’ve got an ambition to become the backbone of virtual worlds. It’s time to tear down borders, add utility to non-fungible tokens, champion decentralization, and allow Web3 games and metaverses to finally achieve their full potential.”
Launching in $STYLE
An initial DEX offering (IDO) for $STYLE is taking place in 2024 — with the token available on flagship launchpads including Seedify, Pools and ChainGPT. All token holders can participate in votes concerning the development of the ecosystem, with $STYLE stakers eligible for yearly rewards and a greater role in governance.
The industry has already seen how creative freedom with NFTs can bring huge benefits. For example, anyone who owns a Bored Ape has been given a worldwide license to create derivative works based on this intellectual property — paving the way for TV shows and music videos that feature these coveted collectibles as main characters. Gaining usability and renting assets as skins to players is next.
There’s clear evidence of the immense power that crossovers can have, too. Some of the most memorable TV episodes and songs of the past 20 years have seen different programs and genres blend with one another to create something unique and dynamic. STYLE Protocol believes a similar revolution in gaming is now long overdue.
Leo Hilse, STYLE Protocol’s founder, added: “Imagine a fully decentralized future for virtual gaming — a giant network where the world’s biggest games and worlds are connected through one powerful protocol, and a lack of compatibility between gaming engines is a thing of the past. That’s our ambition at STYLE, The initial seed funding and the successful IDO is a huge vote of confidence in our vision. We’ve got some exciting features lined up in the coming months — and with 300,000 supporters across platforms, a brilliant community joining us for the journey. Game on.”
About STYLE Protocol
STYLE aims to help gamers transcend identity across the multiverse — meaning NFTs and other virtual assets can be used in any game, anywhere. The protocol’s focus on interoperability is designed to enhance adoption, tear down barriers to entry, and deliver a world-class experience for players. Follow STYLE Protocol on X, Discord, Telegram and LinkedIn, or visit the website: https://www.protocol.style/
For more information, please contact:
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