Published on: 03/05/2022

NFT Guru founder to launch Metaverse’s first monastery

NFT Guru founder has created a monastery for Metaverse. NFT Guru is a project of The Trillionaire Life’s founders, the popular Instagram platform. Vaibhav Sharma, aka Tullu, one of the founders, spoke extensively about the new enterprise.

In New York, he began his career at the UN HQ on a gender equality campaign. Sharma managed 5 billion impressions and engaged with 250 million individuals through data-driven campaigns. He has aided numerous companies and organizations in their rapid growth with his leadership qualities.

“NFT Gurus is a high utility digital art NFT collection that has 7777 provably unique NFTs stored as ERC-721 tokens and hosted on IPFS. Each Guru gives numerous benefits to holders. It enables the holders with lifetime access to the games and events in the Metaverse, Priority for Female Gurus collection to holders, custom clothing line, celebrity meetups, business dinners, yoga events, giveaways, guest speaker events, NFT Airdrops, meditation events and networking parties on a global level,” said Sharma during the briefing on his current firm.

As for the project, Sharma said it was a massive task to establish the first monastery in the Metaverse. Decentraland and Sandbox are two of the metaverse platforms the firm has acquired.

NFT popularity

“NFT stands for ‘non-fungible token’. A ‘token’ in this context is an asset that exists on the blockchain, and most NFTs are a part of the Ethereum blockchain. Ethereum is a cryptocurrency just like bitcoin and dogecoin that also supports these NFTs storing extra information on a digital ledger. In layman’s terms, NFTs are the certificates to say that you own something digitally. It can be videos, photos, audio and other unique items,” Sharma said.

Recently, NFTs have gained enormous popularity, and new NFT projects are popping up all over the crypto world. However, the NFTs will likely become more common soon, allowing for decentralized trading only limited by the creators’ imagination.

There are various forms of NFTs, including collectible objects, art, music, gaming, event tickets, trading cards, virtual fashion, real-world assets, domain names, memes, and major sporting events.

Artwork is by far the most common type of NFT. Most of these works are maintained in a digital ledger, which provides a public certificate of authenticity and ownership. Digital artwork by Beeple called ‘The First 5000 Days’ sold at Christie’s auction in March 2021 for a whopping $69.3 million.

Metaverse going global

Many independent artists and small businesses have increased their reach thanks to the 3D virtual environment. Legacy corporations have finally awoken from their slumber in the wake of the digital revolution.

JP Morgan was the first bank to build a Metaverse site a few months ago. Meta Bank DeFi has also announced its entry. The photorealistic crypto project claims to be the first decentralized 360 solution bank in the virtual world.

MetaBlaze launched as the World’s First Blockchain-Gaming Metaverse Offering Lifetime Passive Yields at the same period. It allows players to immerse themselves in a high-level 3D P2E RPG with exclusive material, superb graphics, and exciting gameplay.

From March 24-28, the first-ever Metaverse Fashion Week featured shows and digital experiences. Several renowned designers and fashion powerhouses such as Dolce & Gabbana, Roberto Cavalli, and Tommy Hilfiger attended the event sponsored by Decentraland.