[Archived - RigsK] Opportunity for Creators - Creating NFTs on IMVU

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Posted by “RigsK” on June 22, 2022.

[Archived]

Hi Creators,

We wanted to keep you posted about an exciting new opportunity we’re working on for Creators and our entire IMVU community.

Later this year, we’ll be integrating NFTs into the IMVU Shop. To start we will create and sell a range of IMVU NFTs. After that we will integrate NFT creation directly into IMVU Studio tools so all Creators can have the option to make and sell NFTs in the Shop. Regular IMVU items will of course continue to be promoted and celebrated in the IMVU catalog. Creators can choose to make regular IMVU products, NFTs or both.

Check out the information below and stay tuned for more details on this exciting new feature and the benefits of NFTs in IMVU. You can also get involved by applying to join the IMVU Beta Group - see below for details.

–

NFTs 101

NFTs are new to many of us, so here is some basic information on what they are and how they work.

What is an NFT?
- NFTs (Non-fungible tokens) are collectable items with a digital certificate of ownership that is tracked on a blockchain for authenticity. NFTs allow people to verify that they are the official owner of an individual item. The owner of an NFT can keep or sell their NFT, similar to a real-world item when purchased.
When will NFTs launch?
- A few already have! Check out our 2021 Fashion Show NFTs and our collaboration with SHOES 54035 for a few examples of NFTs that are already living in the IMVU world. A broader rollout, including creator tools and NFTs in Shop, as described in this post, are planned in the near future.
What can an NFT be?
- Since an NFT is the certificate of ownership, nearly anything can be an NFT. On IMVU, you will first be able to create and own NFT clothing, hair, and some accessories; but over time, you’ll be able to also create and own NFT rooms, avatars, animations, furniture and more.
How will NFTs work on IMVU?
- NFT items will be sold inside of the Shop and can be purchased using VCOIN. Once purchased, they will immediately be displayed in the NFT section of your inventory and shown to other users when they click the NFT icon on your profile badge. NFT buyers also get a gold profile badge and will have the ability to unlock future exclusive features. Unlike regular items, users will be able to resell NFT items they buy, with Creators getting a percentage of proceeds from the re-sale.
- NFTs on IMVU will work natively for all users, meaning you don’t have to go through extra steps, such as connecting an external Web 3 wallet.
How do IMVU NFTs affect the environment?
- NFTs on IMVU carry no gas fees - meaning there is no processing fee when you make or verify an NFT transaction. Our NFTs utilize the Immutable X platform, through the purchase of carbon credits. These carbon credits offset the energy footprint to zero for any NFT created or traded utilizing the Immutable X platform.

Benefits of creating NFTs on IMVU

Why should I create an NFT vs. a regular item?
- NFTs provide new benefits and features to the IMVU community. An NFT comes with the ability for the owner to resell it, as well as exclusive access to a gold profile badge and other upcoming exclusive features. By creating an NFT, you are enhancing the IMVU experience for users while gaining an additional revenue stream from royalties on resells. NFTs also have the potential for increased overall value due to NFT exclusivity or limited runs.
How do NFTs increase my earning potential?
- In addition to receiving a royalty with the initial sale, the original Creator can also earn royalties every time a user resells the NFT. The NFT has more functionality than a traditional IMVU digital item because it is owned, it can be resold, and it provides the user with exclusive benefits like a gold profile badge. Similar to the broader NFT market outside of IMVU, NFT prices in IMVU could become higher than traditional digital items due to the added ownership and functionality they provide.
Are regular items being replaced by NFTs?
- Nope! IMVU will continue to support both NFTs and regular items.
How are NFTs different from custom creations on IMVU?
- Custom items, like other regular items, are not capable of being resold and do not grant access to the exclusive profile badge or other future NFT-based features.
How do NFTs protect against item theft?
- While there is no way to ensure the asset will not be imitated, an NFT proves that the particular item in question is authentic and owned by a specific user. Additionally, imitations of an NFT will not grant access to the exclusive profile badge or other future utility connected to NFTs.

What’s next?

Stay tuned for events, contests and more opportunities exclusively for Creators as we work to bring this exciting new feature to our community.

Get involved! Apply for the NFT Beta Group

Interested in being involved in the development of the IMVU NFT experience? Apply to the NFT Beta Group here: https://www.surveymonkey.com/r/BQD26Y5!

Get excited about this new opportunity for IMVU Creators! NFTs on IMVU will provide an additional way for Creators to expand their business and creative talents, plus earn through resale.

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Community posted 5 months ago Admin

Posted by “jazzKat” on June 27, 2022.

[Archived]

"...in another service that supported them *without spending $$USD etc."

Typo edit

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Community posted 5 months ago Admin

Posted by “jazzKat” on June 27, 2022.

[Archived]

Aside from product icons, SFAIK most theft that persists seems to revolve around Classic editor because thieves use an older hacked version of that iirc.

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Community posted 5 months ago Admin

Posted by “LestatDeLioncourt” on June 27, 2022.

[Archived]

Sorry to jump in but, my opinion...

50/50 As long as you can open a product in Classic, those assets that show there in the project folder are at risk. New features that are not supported in Classic should not be compromised.

If NFTs are only made with Studio and cannot be opened in Create Mode they should be more secure.

They tried closing the edit process in Create Mode (all products) from Studio made but it was restored / postponed Reference: https://help.imvu.com/s/question/0D54p00002UPCSlCAP/

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Community posted 5 months ago Admin

Posted by “4u” on June 27, 2022.

[Archived]

@jazzKat Is there any reported theft going on with Studio products? which I'd presume NFT's will be submitted with.

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Community posted 5 months ago Admin

Posted by “jazzKat” on June 27, 2022.

[Archived]

This is kind of what Studio does, content is sent to HQ for 'verification' (don't know what that is). Don't remember where that happens in the process but content does have something done to it...

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Community posted 5 months ago Admin

Posted by “jazzKat” on June 26, 2022.

[Archived]

Unless IMVU's SEC(?) filing has been updated that's not correct. Per that filing VCOIN is explicitly not digital currency it's a token (this is a legal distinction iirc). It can be exchanged for cash through Uphold but its circulation is restricted - Uphold is the only third party monetary entity able to process them AFAIK. IOW VCOIN cannot be bought and sold like bitcoin.

IIRC the idea was/is to provide VCOIN as a means to allow users on different platforms to exchange 'value' without additional fiat currency-back costs (e.g. USD) - once you have bought/earned some VCOIN from IMVU you would be able to use them in another service that supported them with spending $$USD etc.

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Community posted 5 months ago Admin

Posted by “LestatDeLioncourt” on June 26, 2022.

[Archived]

Google defines VCOIN as:

"VCOIN is a digital currency that is driving peer-to-peer transactions in more than 140 countries, across virtual platforms and ecosystems." I am thinking the intent may be there and who knows if there are any takers...

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Community posted 5 months ago Admin

Posted by “LestatDeLioncourt” on June 26, 2022.

[Archived]

More specifically in terms, where is VCOIN used other than IMVU :)

0 Votes

Community posted 5 months ago Admin

Posted by “jazzKat” on June 26, 2022.

[Archived]

If the NTFs in this context are backed by VCOIN then they could only be sold/transferred where that digital token is used. You wouldn't be able to transfer value because VCOIN is strictly a limited-use token so exchanges like Uphold wouldn't be able to do anything with them except transfer buy/sell specifically within the VCOIN ecosystem (VCOINs value is expressly locked in).

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Community posted 5 months ago Admin

Posted by “LestatDeLioncourt” on June 26, 2022.

[Archived]

Maybe I could rephrase this... Is there opportunity for the NTFs that we make here to be sold outside of IMVU? I know some NFTs are sold across other companies, platforms.

0 Votes

Community posted 5 months ago Admin

Posted by “DarkAngel5” on June 26, 2022.

[Archived]

Reminders- anyone can post a related idea to this topic without being attacked. We don't post to debate users' ideas. We can have our own ideas we can't attack others for theirs.

Off-topic comments will continue to be removed.

Thanks

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Community posted 5 months ago Admin

Posted by “MaxSMoke777” on June 26, 2022.

[Archived]

To reiterate my very simple and easy to implement solution for finding pirates, we can simple "Hash" all of the files IMVU has. A hash is a unique fingerprinted generated from the file's content. By giving each XMF a hash, it'll be plainly evident when a mesh has been stolen by looking for identical hashes and comparing them by upload date and derived status. This won't impact existing IMVU files and will only exist to locate the accounts of mass item thieves. It's a harmless solution for tracking down theft.

We don't have to BREAK IMVU, nor set back every creator's ENTIRE CATALOG as they are forced to reupload everything they've already done with a solution that won't slow down piracy AT ALL.

[Mod Edit-DarkAngel5]

0 Votes

Community posted 5 months ago Admin

Posted by “NoooX” on June 26, 2022.

[Archived]

And as I said before . to prevent thieves, completely remove the ''XMF'' and ''CHKN'' files from loading into the game. we just need to upload the mesh with the FBX file. remember, the only files that thieves can access are the xmf and chkn files. The FBX "original file" will never be accessed.

If the mesh producer needs to remove and install the mesh with the "xmf" file if there is a problem with the mesh after installing the Mesh in the game and after a while and after the time it was derived by other texture artists, he should contact live support.

And this process should not be easy . In order for live support to fulfill this request, after opening the "PROJECT" of the existing "MESH" from the opposite side, 3DMAX,BLENDER,MAYA, whichever program the designer uses. it needs to be verified by on-screen video. ''Remember that the files "CHKN" and "XMF" are not opened in 3D model programs . It takes a difficult process to open it. And when they are opened, various deformations occur in the "Mesh", and the mesh deteriorates . and it is more difficult to repair it than to redo it . a thief who can already do this doesn't bother with it, produces her own mesh .

I've been thinking about how to prevent thieves for 2 years. this is the only solution I have found

(Unless this happen . It is impossible to prevent theft .)

Good Day

0 Votes

Community posted 5 months ago Admin

Posted by “Dunkx” on June 26, 2022.

[Archived]

VERY VERY EXCITED FOR THIS GOOD NEW! YAYYYY.

0 Votes

Community posted 5 months ago Admin

Posted by “StarlitEyes” on June 26, 2022.

[Archived]

This sounds really cool actually! Looking forward to it.

0 Votes

Posted by “RigsK” on June 22, 2022.[Archived] Hi Creators, We wanted to keep you posted about an exciting new opportunity we’re working on for Creators and our entire IMVU community. Later this year, we’ll be integrating NFTs into the IMVU Shop. To start we will create and sell a range of IMVU NFTs. After that we will integrate NFT creation directly into IMVU Studio tools so all Creators can have the option to make and sell NFTs in the Shop. Regular IMVU items will of course continue to be promoted and celebrated in the IMVU catalog. Creators can choose to make regular IMVU products, NFTs or both. Check out the information below and stay tuned for more details on this exciting new feature and the benefits of NFTs in IMVU. You can also get involved by applying to join the IMVU Beta Group - see below for details.– NFTs 101 NFTs are new to many of us, so here is some basic information on what they are and how they work.  <ul><li>What is an NFT?<ul><li>NFTs (Non-fungible tokens) are collectable items with a digital certificate of ownership that is tracked on a blockchain for authenticity. NFTs allow people to verify that they are the official owner of an individual item. The owner of an NFT can keep or sell their NFT, similar to a real-world item when purchased.</li></ul></li><li>When will NFTs launch?<ul><li>A few already have! Check out our <a href="https://opensea.io/collection/imvu-fashion-show-2021" target="_blank">2021 Fashion Show NFTs</a> and our collaboration with <a href="https://thedematerialised.com/shop/shoes-53045/cybair-ice" target="_blank">SHOES 54035</a> for a few examples of NFTs that are already living in the IMVU world. A broader rollout, including creator tools and NFTs in Shop, as described in this post, are planned in the near future. </li></ul></li><li>What can an NFT be?<ul><li>Since an NFT is the certificate of ownership, nearly anything can be an NFT. On IMVU, you will first be able to create and own NFT clothing, hair, and some accessories; but over time, you’ll be able to also create and own NFT rooms, avatars, animations, furniture and more. </li></ul></li><li>How will NFTs work on IMVU?<ul><li>NFT items will be sold inside of the Shop and can be purchased using VCOIN. Once purchased, they will immediately be displayed in the NFT section of your inventory and shown to other users when they click the NFT icon on your profile badge. NFT buyers also get a gold profile badge and will have the ability to unlock future exclusive features. Unlike regular items, users will be able to resell NFT items they buy, with Creators getting a percentage of proceeds from the re-sale. </li><li>NFTs on IMVU will work natively for all users, meaning you don’t have to go through extra steps, such as connecting an external Web 3 wallet.</li></ul></li><li>How do IMVU NFTs affect the environment?<ul><li>NFTs on IMVU carry no gas fees - meaning there is no processing fee when you make or verify an NFT transaction. Our NFTs utilize the Immutable X platform, through the purchase of carbon credits. These carbon credits offset the energy footprint to zero for any NFT created or traded utilizing the Immutable X platform. </li></ul></li></ul> Benefits of creating NFTs on IMVU <ul><li>Why should I create an NFT vs. a regular item?<ul><li>NFTs provide new benefits and features to the IMVU community. An NFT comes with the ability for the owner to resell it, as well as exclusive access to a gold profile badge and other upcoming exclusive features. By creating an NFT, you are enhancing the IMVU experience for users while gaining an additional revenue stream from royalties on resells. NFTs also have the potential for increased overall value due to NFT exclusivity or limited runs. </li></ul></li><li>How do NFTs increase my earning potential?<ul><li>In addition to receiving a royalty with the initial sale, the original Creator can also earn royalties every time a user resells the NFT. The NFT has more functionality than a traditional IMVU digital item because it is owned, it can be resold, and it provides the user with exclusive benefits like a gold profile badge. Similar to the broader NFT market outside of IMVU, NFT prices in IMVU could become higher than traditional digital items due to the added ownership and functionality they provide. </li></ul></li><li>Are regular items being replaced by NFTs?<ul><li>Nope! IMVU will continue to support both NFTs and regular items. </li></ul></li><li>How are NFTs different from custom creations on IMVU?<ul><li>Custom items, like other regular items, are not capable of being resold and do not grant access to the exclusive profile badge or other future NFT-based features. </li></ul></li><li>How do NFTs protect against item theft?<ul><li>While there is no way to ensure the asset will not be imitated, an NFT proves that the particular item in question is authentic and owned by a specific user. Additionally, imitations of an NFT will not grant access to the exclusive profile badge or other future utility connected to NFTs. </li></ul></li></ul> What’s next? Stay tuned for events, contests and more opportunities exclusively for Creators as we work to bring this exciting new feature to our community. Get involved! Apply for the NFT Beta Group Interested in being involved in the development of the IMVU NFT experience? Apply to the NFT Beta Group here: <a href="https://www.surveymonkey.com/r/BQD26Y5" target="_blank">https://www.surveymonkey.com/r/BQD26Y5</a>!  Get excited about this new opportunity for IMVU Creators! NFTs on IMVU will provide an additional way for Creators to expand their business and creative talents, plus earn through resale.