Review ELEMENT BLACK ($ELT) – NFT-Game Development and Infrastructure with Web3.0 NFT Social Experiences.
Element Black ($ELT) is an upcoming Web 3.0 infrastructure that would fit perfectly in the 2022 metaverse trend.
What is Element Black ($ELT)?
Element Black will build a decentralized meta-universe by building a blockchain-based Web 3.0 infrastructure, starting with the entertainment industry, and ultimately, creating an ecosystem around element Black. Element Black (ELT) is a Social-Fi NFT Game development company dedicated to building an NFT 2.0/Create-To-Earn ecosystem. It strives to become the PUGC NFT distribution platform in the new age, and the bridge to connect Web 2.0 celebrities and fashion brands with Web 3.0 NFT social experiences. ELT aims to provide a unique and rewarding gaming ecosystem that inspires users’ creation and trading on digital assets in Metaverse, and that facilitates social engagements with global celebrities and KOLs. By far, ELT has formed in-depth partnerships with global music stars Akon and DJ Snake, Marvel Universe and DC Universe director James Gunn (Guardians of the Galaxy, Suicide Squad), and Sid Ganis, the former president of the Oscars
What is the project trying to achieve?
The main sections in the early stage of the project include:
- ELEMENT GAMECENTER
- ELEMENT TECHNOLOGY
- ELEMENT NFT MARKETPLACE
- ELEMENT DEFI
In the long run, Element Black’s point of use lies within the whole industrial chain, which will eventually open up the channel of the metaverse which connects with the real world through blockchain technology. The core role of blockchain technology will be realized in re-structuring organization and value distribution.
The Game Center is the core content of the Element Black metaverse. Users can create pixel-level games around Element Black, including painting, music, and video creation. Create characters, music, scenes, and video content for an open-world simulation game based on Element Chain through user-built games
All work created by users can be issued corresponding NFT (non-fungible token)support content creators, investors, or fans can also transfer value-added NFT within the platform. Benefits and profits received from the value-added bonuses will be shared between both parties through smart trade contracts, achieving a closed-loop ecological universe of entertainment + investment + creation.
PUBLIC CHAIN TECHNOLOGY
Element Black will build a public chain that supports the creation of NFT and cross-chain transactions at a low cost. Element Black will also transform and upgrade the existing DAO technology by creatively using DAOfor protocol management and using DAO driver and AI technology to manage rulesets, which is highly inclusive, which can provide full play to the efficient and transparent role of a decentralized system.
The core function of digital assets is circulation. Element Black’s public chain technology enables a large number of digital assets to be widely circulated, which will enable more and more market players to feel the convenience brought by blockchain technology.
NFT TRADING SERVICE PLATFORM
The main service content of NFT trading service platform includes NFTtrading(auction and blind box extraction), creation, finance, exhibition and other diversified services. Users can obtain ELT on the platform by means of auction and mining, or pumping blind box and mining.
- Transaction: The platform will publicly display the information of NFTproducts audited by co-operative institutions to customers, whose product types cover cultural and art products, blockchain games, digital art, virtual real estate, etc. Customers can trade by auction or by drawing a blind box.
- Creation: It provides a platform for artists to create NFT, and a place for collectors to store or trade art assets. This ensures the scarcity, originality, and exclusivity of works.
- Finance: The platform will provide a series of financial services related to NFT, such as transaction insurance, loan, and loan. Minimize the unforeseeable risks brought by the process of art collection and transaction to provide users with the best experience.
- Exhibition: Initiate offline or online exhibition, and NFT owners will be distributed with their corresponding income.
In the current financial system, financial services are largely controlled and regulated by a centralized system, whether it is the most basic deposit, deposit transfers, loans, or derivatives transactions. Defi wants to build a transparent, accessible, and inclusive peer-to-peer financial system through a distributed open-source protocol that minimizes the risk of trust and makes it easier for participants.
What is the unique selling point?
With Element Black, you can:
- Transaction of rights and interests of artists and films;
- Transfer of intellectual property rights (overall transfer or partial transfer);
- Investment transaction of intellectual property (secondary market);
- Digitization of intellectual property rights, traceability, and confirmation of rights;
In addition to the above services, Element Black can also be applied in more places. Most enterprises can join the Element Black universe ecology, so that
the services of industrial chain enterprises will become simpler and many industrial problems will be solved easily. This is the purpose and significance of element Black’s existence
- Token Name: ELT
- Ticker: ELT
- Blockchain: Ethereum (ERC-20)
- Token Standard: Updating…
- Contract: Updating…
- Token Type: Utility, Governance
- Total Supply: Updating…
- Circulating Supply: 40,000,000 ELT
- 22.25% ELT Token will be assigned for private sale.
- 0.75% ELT Token will be assigned for IDO.
- 40% ELT Token will be used for Ecosystem Rewards
- 3% ELT Token will be released for Marketing.
- 14% ELT Token will be released for Treasury
- 12% ELT Token will be distributed for Team
- 3% ELT Token will be assigned to Advisors
- 5% ELT Token will be assigned for Liquidity
- Launch time: 04/2022 & Listing on OKB Exchange
- Initial Supply: 40,000,000 $ELT
- IEO Price: 0.007$
Token Release Schedule
Token Use Case
Element.Black has formed a broad network with social engagements from world-known celebrities and influencers. Partnering exclusively with Akon, Element.Black will soon drop a highly anticipated Akon Music NFT Collection through OKX. Collectors will have the opportunity to co-create music with music legend Akon. The project will be bridge to connect Web 2.0 celebrities and fashion brands with Web 3.0 NFT social experiences. ELT aims to provide a unique and rewarding gaming ecosystem that inspires users’ creation and trading on digital assets in Metaverse
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If you have any questions, comments, suggestions, or ideas about the project, please email [email protected].
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your own research before investing.