[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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97 Comments

Community posted 5 months ago Admin

Posted by “Scout4Ever” on June 22, 2022.

[Archived]

I don't find this interesting. How about reducing the lag in the game??? How about passing peer faster???? These are issues that affect us all, that's what IMVU needs to work on and improve, and not come out with more stupid things. I don't see any greatness in the NFT's. People can make regular items shiny, or use lots of color. And as far as the transferable issue, the only way these items could become profitable, would be to make a limited amount of them. We can do that now. Discontinue an item after so many sales. I always thought the reason why we don't sell items as it is done in other games, is that hackers would have a field day !!!! How are u gonna solve that????

0 Votes

Community posted 5 months ago Admin

Posted by “Cheri” on June 22, 2022.

[Archived]

Considering the sad state that IMVU Desktop is currently in, it's surprising to see how much time is being wasted on NFTs. It's just the next shiny new thing. The only way this will work is if someone can transfer ownership of a product that actually makes a decent profit, and the new owner gets the credits instead of the original creator. Otherwise, it's just trading cards and vaporware.

0 Votes

Community posted 5 months ago Admin

Posted by “MsPixelicious” on June 22, 2022.

[Archived]

sounds like an elitist way to 'force the use' of those VCOIN!!

whats happens if you dont get involved and people start 'avoiding' creators products for fear theyre not 'AUTHENTICATED' with an NFT??

0 Votes

Community posted 5 months ago Admin

Posted by “ENXROACH” on June 22, 2022.

[Archived]

IMVU loves shooting itself in the foot every couple of weeks.

0 Votes

Community posted 5 months ago Admin

Posted by “Ewes” on June 22, 2022.

[Archived]

I could explain better in Portuguese, I'm interested, but I find the methodology in English complicated. I may be misunderstanding. would you have someone to translate this type of notice?

0 Votes

Community posted 5 months ago Admin

Posted by “Polystyrene” on June 22, 2022.

[Archived]

To add to questions about copyright and theft....will extended reports pick up NFTs using stolen assets as they do regular products?

0 Votes

Community posted 5 months ago Admin

Posted by “Polystyrene” on June 22, 2022.

[Archived]

Would like to know this too.

0 Votes

Community posted 5 months ago Admin

Posted by “NoooX” on June 22, 2022.

[Archived]

What does the DMCA think about this? While even problematic theft events in the game cause chaos . this NFT project looks like it will be a headache . Can you inform us about how you will defend the rights of many 3D model artists? Putting a product on the nft market shows that nft's copyrights belong to that person O.o ? And the only person who will check that that person has reached that mesh by stealing will be the person who made the mesh, and following it will put an extra burden on us. And I regret to say that a great chaos awaits us .

0 Votes

Community posted 5 months ago Admin

Posted by “MYSTIFY” on June 22, 2022.

[Archived]

NFT's a are scam and a meme at this point like all other crypto. It's gonna crash and people are gonna cry. Only reason imvu is hopping on it is because it's unfortunately as trendy as a meme. Kinda sad imvu... kinda sad but it's surely not the worst thing that they have done by far.

0 Votes

Community posted 5 months ago Admin

Posted by “OlinaDiMore” on June 22, 2022.

[Archived]

I feel

Stern sailed

The ship (imvu) sails from one or more of the crew in a port.

0 Votes

Community posted 5 months ago Admin

Posted by “Incorruptus” on June 22, 2022.

[Archived]

Sounds great to be welcoming this idea finally. And thank you so much for developing it. It will be a great edit and add to our network and shop as well as selling abilities. Cheers to IMVU!

0 Votes

Community posted 5 months ago Admin

Posted by “jazzKat” on June 22, 2022.

[Archived]

Nice but there MUST be a pathway to remedy claims of, and/or demonstrable, theft. How is the 'blockchain' NFTs sit on corrected in these instances. Right now there isn't a way to remove 'links' in the blockchain once published, so they're live but not purchasable?. DMCA doesn't seem up to the task here.

0 Votes

Community posted 5 months ago Admin

Posted by “4u” on June 22, 2022.

[Archived]

It's good this moves forward. Has anyone else been making NFT's for other platforms? lets hook up, PM me I have some exciting opportunities.

0 Votes

Community posted 5 months ago Admin

Posted by “SonnyDesigns” on June 22, 2022.

[Archived]

great! I can't wait to see this

0 Votes

Community posted 5 months ago Admin

Posted by “oOMillieOo” on June 22, 2022.

[Archived]

I agree with you

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.