Review ByteNext ($BNU) — The NFT-Centric Metaverse Incubator

It can be said that Blockchain will help businesses create the next empires such as Google, Facebook, or Amazon. Blockchain will create unimaginable opportunities for those who know in time to catch and take advantage of this technology’s potential. ByteNext (BNU) is a cryptocurrency that operates on the Binance Smart Chain platform.

Concept project – What is ByteNext?

ByteNext is an ecosystem consisting of many DApps with the aim of solving all problems in life by applying the superiority of Blockchain technology. At the same time, towards the goal of promoting Blockchain technology to be applied systematically.

ByteNext was established in Singapore, with offices at 163 Tras Street, #10-5 Lian Huat Building, Singapore. ByteNext is a technology company that owns many Blockchain products, systems and software, making everything transparent and complete. As a global technology company, ByteNext believes that continuous development is the biggest competitive advantage of the project.

Outstanding features

What is unique selling point?

ByteNext (BNU) aims to build AvatarArt with an extremely simple user interface. Along with that, there is a direct support team that guides new users to access NFT in the simplest and fastest way.

AvatarArt will establish depository centers as well as preserve painting works at a certain point. For each actual work after being appraised and deposited at the center, AvatarArt will generate a unique NFT for the valuable work that is anchored according to the real work. This will help the value of the NFT work have real value, not some ambiguity.

Works are auctioned online without having to travel to the auction site. Because the actual work has been secured and sealed at the center with a unique NFT code. Proving ownership has also become simpler. Blockchain application in auction and transfer transactions

How does ByteNext (BNU) work?

Artists around the world can create AvatarArt accounts by connecting to the Binance Smart Chain wallet. They will take photos of their paintings and provide basic information about themselves, their work, prices… to send to AvatarArt. AvatarArt will automatically generate an NFT Token for that picture. However, in order to trade this Token, the artist needs to bring their work to a certain place of AvatarArt. As soon as the center receives the work, the experts will appraise and confirm to release of the NFT.

What is the project trying to achieve?

ByteNext is a blockchain incubation hub that aims to make the Metaverse Economy a reality. They believe it’s a network of NFT projects, connected through an ecosystem that provides Openness, Sustainability, Immersion.

To do so, they have established an ecosystem consisting of NFT marketplace, DEX, Launchpad that supports both INO and futuristic feature like Extended Reality Metaverse and Yield Guild.

ByteNext focuses on developing highly applicable products in DeFi to solve life’s problems. Currently, ByteNext has launched BVote – a voting and evaluation application on Blockchain that is being widely applied in life. Currently, ByteNext is developing AvatarArt – a product that helps NFT artists to transform their works.

AvatarArt provides artists with an ecosystem to NFTize their work for participation in exhibitions and auctions around the world. AvatarArt will be a diverse ecosystem for thousands of artists with many works of art. Auctions will take place continuously and proactively. Transactions are made in the most flexible and convenient way to promote and develop the artwork market to the next level.

Technical Data

BNU Token is a utility token in the AvatarArt ecosystem, initialized according to BEP-20 standard on Binance Smart Chain.

Key metrics

• Token name: Bytex
• Ticker: BNU
• Blockchain: Binance Smart Chain
• Token Standard: BEP20
• Contract: 0x4954e0062e0a7668a2fe3df924cd20e6440a7b77
• Token Type: Utility Token
• Total Supply: 200,000,000
• Circulating supply: 17,250,000.00

Token Allocation

Token Sale

BNU Price (USD) IDO: $0,09

Token release Schedule

Token use case

• BNU Token is used to participate in auctions and trade NFTs
• Used to buy places on the virtual reality exhibition platform
• Used to pay royalties to each author when there is a successful sale
• Use to create liquidity pools
• Use for Staking/Farming
• Use to be able to pay fees in the ecosystem

How to own the token?

• Step 1: Visit Binance’s Website (https://www.binance.com/en)
• Step 2: Buying your first Bitcoin (BTC)
• Step 3: Create a Metamask Account
• Step 4: Connecting MetaMask to Binance Smart Chain
• Step 5: Deposit BNB to your MetaMask wallet
• Step 6:  Make Your First Trade on Pancakeswap

Other Exchanges to Buy Cryptos. The following are other sites you can buy from these exchanges:

• HotBit (Which permits US investors)
• MXC (This exchange allows US investors)
• Bilaxy
• OKEx
• Huobi Global

Market and community

Market

• Market Rank: #1613
• Market Cap: $2,001,564.30
• Fully Diluted Market Cap: $23,206,542.58
• Trading Volume: $8,350.84
• 24h Low / 24h High: $0.1152 / $0.1212

Community

For many, Metaverse could become the platform to interact and form meaningful relationships. However, for the Metaverse to become fully functional, a tool that provides smooth communication, easy asset raising and lending are required.

In early November, ByteNext Ambassador Program has attracted NFT mavens and enthusiasts alike. The program managed to gather 519 ambassadors, which exceeded their initial expectation. Few notable names such as Maksym — who has more than 53100 subscribers on Youtube, or Nurik who owns a Youtube channel with more than 24300 subscribers are among their new extended community.

Backers

ByteNext with a team of experienced developers in the field of startups and Blockchain. Always accept challenges to create and develop innovative products

Team/Founder

Doan Duc Manh – Founder and Chairman

Starting out as a computer programmer, Mr. Doan Duc Manh has an understanding of the technology field.

Tran Anh Vuong – Co-founder & Advisor

Known as a famous investor of Shark Tank Vietnam program, Mr. Tran Anh Vuong has many years of experience in the business field, especially in technology startups. With the starting point of having a master’s degree in business administration, Mr. Tran Anh Vuong used to lead many large corporations and hold positions in trillion-dollar enterprises.

Partners & Investors

Alternative project

ByteNext focuses on developing Blockchain-based products, especially the current Avatar. AvatarArt’s ecosystem includes:

• NFT support system
• Diligent professionals
• NFT auction system
• Creative artists
• NFT trading system
• Art lovers and speculators
• 3D virtual reality space to organize exhibitions Exhibition and Auction
• Center for the preservation of works of art

The AvatarArt project targets a niche market to bring the highest values ​​to the art market. Therefore, AvatarArt is positioned as a platform to support the development of the NFT trend.

• NFT Exchange is where users can trade NFT art on Binance smart chain.
• 3D Virtual Reality Exhibition: After the artwork becomes NFT, they will be displayed in 3D virtual reality exhibitions with different locations. These positions are also converted to NFTs. Artwork owners will auction and trade with the NFT to get the right location for their artwork.
• Avatar DApp will integrate all functions of AvatarArt ecosystem with DApp and Web3 to help users connect with Binance Smart Chain wallet.

Conclusion and analysis

NFT is currently a hot trend in the Blockchain market. However, it is still very strange and confusing for most people. Especially artists cannot access this technology due to their expertise. ByteNext (BNU) was created to build the AvatarArt platform to support art creators around the world. Make their paintings NFT works on Binance Smart Chain, which can be auctioned and traded globally.

Find more information about ByteNext:

Website: https://bytenext.io/

Twitter: https://twitter.com/Bytenextio

Telegram: https://t.me/ByteNextAnnouncement

If you have any questions, comments, suggestions, or ideas about the project, please email ventures@coincu.com

DISCLAIMER: The Information on this website is provided as general market commentary, and does not constitute investment advice. We encourage you to do your own research before investing.

Elise

Coincu Ventures