What Is Metahero (HERO)? 

Metahero (HERO) is a new technology platform that creates lifelike 3D avatars and virtual objects for gaming, virtual reality platforms, social media, and fashion. The concept allows users to quickly shift themselves and tangible assets into the metaverse in the future. Users can use this technology to make NFTs from actual art and collectibles. According to its whitepaper, Metahero envisions the metaverse platform powered by augmented and virtual realities as the future of living and entertainment. 

Interestingly, the necessity for digitization was never more apparent than during the COVID-19 epidemic, which forced education, livelihood, social contact, entertainment, medicine, and other aspects of life to move online. The Metahero project aims to provide gamers, artists, and entrepreneurs direct access to virtual opportunities of the future by combining 3D technology with a marketplace and a unique token-based ecosystem.

Moreover, the platform plans to create a comprehensive 3D scanned real-world object and person database in the future. The project uses cutting-edge technology to convert real-world art into ultra-HD NFTs, essentially making art accessible to all and permanently preserving it in digital form. Through increased accessibility, artists, art collectors, and institutions can all benefit from increased revenue. Metahero has teamed with Wolf Studio, a global leader in 3D scanning, to bring this vision to life.

Further, the platform trusts the blockchain's ability to establish independent and equitable ecosystems for the future. Users can scan people and items in ultra-high-definition using Metahero 3D chambers worldwide. Similarly, artworks can be scanned and converted into 3D NFTs.

Furthermore, the platform seeks to develop the HERO app, a critical project component planned and carried out gradually. The HERO app intends to keep track of HERO holders' and patrons' holdings and rewards. HERO tokens can be purchased with BNBs on decentralized exchanges and swapped with HERO in the first phase. The platform aims to add a built-in secure wallet to buy HERO directly from the app. As a result, the HERO app seeks to serve as an entry point into the Metahero ecosystem.

Meanwhile, HERO is the platform's native cryptocurrency, which runs on the Binance Smart Chain, a parallel smart chain running smart contracts on the Binance Exchange. Smart contracts are just like regular contracts. However, instead of being drafted on paper, these contracts run in the form of protocols on the blockchain.

Notably, the protocol technology provides scalability and large-scale participation. HERO is a deflationary token, which means its circulating supply diminishes with time by burning 0–2 percent of each transaction. Cryptocurrency burning is when a fraction of tokens are sent to a wallet with no private key. As a result, the tokens are lost forever. Project developers usually burn tokens to reduce availability and increase market value. HERO serves as the utility token in the Metahero ecosystem to pay for royalties, Metahero 3D scanners, and transactions on the 3D NFT marketplace. 

History of Metahero (HERO)

Robert Gryn is the founder of Metahero. He is the former CEO of Codewise and one of Poland's Forbes 100 wealthiest individuals. His goal is to help crypto and blockchain technology become more mainstream. Stanislaw Glogowski serves as the CTO at Metahero. He is a smart contract expert who has worked as a software engineer in the Ethereum ecosystem. Jeremy Lopez, the COO of Metahero, has held director and top leadership positions in several firms. 

The platform launched an initial DEX offering (a fundraising technique that launches a token on a decentralized liquidity exchange) on July 5, 2021. 

HERO tokens have a total supply of 10 billion. The platform offered 2 billion tokens for the public and private presale to raise 10,000 BNB. With the 10,000 BNB raised during the presale, the project permanently locked another 2 billion tokens in the liquidity pool. 

How Are New HEROs Created? 

HERO is a deflationary token, and its supply decreases with time. As a result, no new HERO tokens are created. On the other hand, the platform allows holders to earn rewards on staking. As a passive incentive, 0–2 percent of each transaction is divided proportionately among all holders through smart staking.