What Is Highstreet (HIGH)?

Highstreet is an open-world cryptocurrency metaverse that integrates games, shopping, crypto, social networking, gaming, and NFTs all in one MMORPG game. According to the whitepaper, users can participate in quests, attend social events, interact with other players, and purchase NFTs from real-world brands.

Highstreet's native utility and governance token is HIGH. HIGH token holders can vote on on-chain governance proposals to determine future features. Their votes are weighted in proportion to the number of HIGH tokens they hold. HIGH token holders will create and use special items with their HIGH tokens to the token staked.

Apart from HIGH tokens, STREET tokens are also used in Highstreet world. As a result, later players have an equal chance to participate in the game without hyperinflation while also being fairly rewarded for early participation.

There are several uses for STREET tokens:

• In-Game Currency: Used to facilitate in-game transactions (e.g., buying from NPC characters representing brands, repairing items in-game).

• Play-to-Earn: STREET token is earned by hunting monsters and completing quests. STREET token is equivalent to SLP in Axie Infinity.

• In Highstreet, players are assumed to be fully immersed in virtual worlds, and the market is maturing VR hardware.

Additionally to the active involvement of leading hardware manufacturers like HTC, other factors contribute to the development of the Highstreet:

• Users' physical embodiment of the virtual world is captured by a Tafi avatar SDK to represent their movements in it.

• Highstreet uses the Unity Multiplayer game engine to enable social features on VR.

• VR analytics measure VR experience metrics through gaze analytics.

History of Highstreet (HIGH)

Highstreet, built by computer vision–based VR retail company LumiereVR, went live in October 2021. There are a lot of investors in the project, including HTC, Palmdrive Capital, Cherubic Ventures, Mechanism, Jump Trading, and NGC from the crypto sector.

In the Highstreet protocol, there is a total supply of 100,000,000 HIGH tokens.