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Dvision Network & Elrond Partnership Announcement!

The unparalleled partnership with Elrond will guarantee a better functioning Dvision ecosystem!

The Dvision Network is a new VR content ecosystem that utilizes blockchain technology. It aspires to provide the best user experience by utilizing the advantageous features of Blockchain and VR technologies, and by creating an unprecedented and inclusive virtual ecosystem for businesses and designers.

Welcome to the Dvision Network! The blockchain-based VR content platform the Dvision Network officially announces the establishment of a strategic partnership with Elrond. The partnership between the Dvision Network and Elrond will further the development of blockchain technology. The Dvision Network will operate on Elrond’s infrastructure in the future, developing the metaverse on Elrond’s engine in order to build up a sustainable and strong NFT ecosystem. The Dvision Network may also utilize Elrond’s smart accounts primarily to guarantee the best UI/UX experience for our users. In fact, the Dvision Network is excited to work with Elrond’s progressive and unique team. We are excited to collaborate in the areas of technical assistance, business development, and marketing to further explore the potential of blockchain and VR technology combined.

Partnership Details

Technical Assistance

→ Generally, the Dvision Network is considering the adoption of coins or tokens from its partnering companies (especially the major ones). Hence, in the overall payment system of the Dvision Network and metaverse, Elrond coins (EGLD) will be available for use. In a nutshell, Elrond users will be able to trade on all platforms of the Dvision Network with their EGLD coins and incur payments (e.g. purchasing NFT items, land, space, etc.). Basically, they will be able to engage in all sorts of economic activities using their Elrond assets. For its part, Elrond will provide engineering support to the Dvision Network during the integration of their coin into our payment system. We would also like to mention the fact that Elrond has launched their mainnet about one month ago, and their eGold (EGLD) has recently been listed on Bitfinex.

→ The Dvision Network will further implement a more advanced, technical integration. We are considering operating on Elrond’s infrastructure in the future and developing one of the functions of our metaverse on Elrond’s smart contract engine. Primarily, we would like to migrate our ERC-721 NFT items into Elrond’s smart accounts to deliver a better UI/UX for our users. This level of integration will give Dvision Network users ownership of their Elrond-based digital assets. Those assets will also be transferable at native protocol costs using the Maiar app. It will be possible for 1,000 token transactions to be completed with just $1.

Business Development & Marketing

→ COVID-19 has put a long pause on holding high-level, large conferences and exhibitions due to the risk of spreading infection. In the aftermath, the Dvision Network noticed a huge potential for VR technology and for hosting large blockchain-related events such as Deconomy, Consensus, or UDC completely virtually in a VR metaverse. Thus, the Dvision Network has decided to hold a blockchain conference next year upon the completion and release of its product. Overall, the Dvision Network will provide unique advertising campaign opportunities for Elrond during those events. They will also be introduced as one of the main strategic partners of Dvision and will have a customized and target-oriented Elrond booth and access to banner ads. This will guarantee maximum visibility and introduce Elrond to its target audience. On top of that, Elrond will be presented as one of the main guests of the Dvision Network, joining a panel discussion session.

→ Throughout this strategic partnership, both parties will encourage the growth of decentralized systems. They will rely on their mutual assets to create change and use bilateral cooperation to solve business issues and improve technology. The unparalleled partnership with Elrond will guarantee a better functioning Dvision platform and solidify its ecosystem.

About Elrond

Elrond is a complete rethinking of public blockchain infrastructure, specifically designed to be secure, efficient, scalable, and interoperable. Elrond’s main innovation rests on two cornerstone building blocks:
1) A genuine Adaptive State Sharding approach: effectively partitioning the chain state into multiple shards, handled in parallel by different participating validators; 2) Secure Proof of Stake consensus mechanism: an improved variation of Proof of Stake (PoS) that ensures long term security and distributed fairness while eliminating the need for energy-intensive PoW algorithms. Elrond’s goal is to be a high throughput, fast transaction speed, low transaction cost platform. This will allow efficient and competitive dApp user experiences.

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