[Special] The AMAXG group launches the NFT-metaverse platform

South Korean blockchain research firm AMAXG has launched a metaverse platform where people can trade non-fungible tokens, further bolstering its blockchain marketing initiative.

AMAXG recently launched the platform, dubbed BIZA-UVIT, after partnering with K2SOFT, a metaverse platform, and ANISTAR, a cultural content provider.

According to AMAXG, BIZA-UVIT users can exchange NFTs in the metaverse, virtual worlds shared by people online, and extend their own virtual worlds. NFTs are the digital counterparts of real world assets, primarily visual arts or music, that secure ownership through blockchain technology.

The company entered into a strategic partnership with the Federation of Arts and Cultural Organizations of Korea on November 4, providing them with a platform to digitize works of art, auction them and sell them around the world.

NFTs allow creators to increase their profits by selling and buying them, as each token contains a unique set of data that cannot be tampered with, allowing owners to exercise control over their work. NFTs essentially act as a digital currency in the metaverse where people can produce various content and attract other users.

“There is a clear consensus among experts that NFTs and metaversees are one of the most viable business models among blockchain industries. We will continue to lead the development of blockchain-based technology that combines the real economy and digital asset services, ”said AMAXG CEO Choi Jeong-moo.

The CEO added that the company plans to create a metaverse platform that can be linked to AI and big data platforms, and also enter the blockchain-based education sector.

The company also launched ‘BIZA-Metaversity’, a metaverse-based AI education platform, to provide decentralized, two-way education service.

“We expect BIZA-Metaversity to become the metaverse platform that combines education with one of the most essential technologies in the non-contact age,” said Choi.

Choi added that the Metaverse platform seeks to deliver a virtual and realistic learning experience that is required in the post COVID-19 era.

After the final beta test, AMAXG will bring educational institutions together on the BIZA-Metaversity platform, with the aim of providing an all-in-one educational service across borders.

Most educational institutions, government agencies, private organizations and academies, and even independent professors, can run training courses, post videos online, and communicate with their students, the company said.

Educational institutions are required to pay $ 10 in biza, a cryptocurrency developed by the company, to start a course on the platform. Biza will be used on CarnegieMall, a person-to-person online mall, and UVIT, a digital asset platform, the company said.

Users can search and register for online courses after installing BIZA-Metaversity. Tuition fees must be paid in Biza.

The platform supports Korean, English, Chinese, and Japanese.

“BIZA-Metaversity offers equal educational opportunities to all students around the world. By using the platform, they will have access to “smart education”. It is also convenient for them to pay for the courses, as cross-border transactions are available through biza payments, ”the company said.

AMAXG is moving forward with its expansion of the BizAuto platform which consists of three platforms – BIZA-UVIT, BIZA-Metaversity and BIZA-CarnegieMall. It plans to add BIZA-Motors, a car buying and selling platform, BIZA-Kiosk, a delivery service platform, and BIZA-Checkup, a medical exam booking platform. .

The group mainly accepts payments in biza through the blockchain-based BIZA wallet which has a decentralized self-identification service, BIZADID.

“The BizAuto platform can be useful in that it uses an automatic XML engine that enables fast data storage and processing. Not only can the engine turn existing data into machine learning metadata, it can be directly used in cutting-edge industries such as blockchain, AI, and IoT, ”the company said.

AMAXG says its technology can play a vital role in the World Wide Web Consortium, an international organization that develops web standards, in 350 areas such as finance, electronic content, law, news, e-commerce, l education, manufacturing, medicine and the Internet. .

Choi pointed out that the ultimate goal of AMAXG is to create a successful ecosystem in every industry by strengthening R&D in the blockchain industry, the key technology of the Fourth Industrial Revolution.

“We will share our innovative technology that combines big data, AI, NFT and metaverse in the new future blockchain-based platform, and we will strive to lead the tech industry while continuing to contribute to the world. “said Choi.

Meanwhile, Choi was named vice president of the Korea Blockchain Enterprise Promotion Association last month. Choi is set to win an award from the Ministry of Commerce, Industry and Energy at the 2021 Blockchain Award on November 26 for his efforts in supporting the blockchain industry and technology companies, and for making legislative proposals to institutionalize digital assets.

By Byun Hye-jin (hyejin2@heraldcorp.com)

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