holoride and XOXNO Forge Strategic Partnership, Introducing RIDE as a Payment Method
In a strategic move that sets out to elevate the NFT landscape on MultiversX, holoride and XOXNO, the esteemed NFT marketplace on MultiversX, have announced a significant collaboration. This partnership aims to introduce an NFT staking program, featuring holoride’s collection of Cloudbreakers NFTs, which includes the intriguing Skyjacks — in-game droid characters playable in the same-named ‘Cloudbreakers:Leaving Haven’ as part of holoride’s native content library. Notably, the collaboration will also introduce the integration of RIDE, holoride’s utility token, as a form of payment for NFT purchases and trading on Xoxno.
holoride is renowned for its immersive library of experiences, catering to a wide range of preferences — from gripping games like Cloudbreakers: Leaving Haven to more laid-back encounters like Jungle Chase and QuizRoad. Their unique innovation, the holoride retrofit, transforms ordinary cars into portals for virtual reality escapades. More details about this can be found on the holoride shop website.
Nils Wollny, the CEO and co-founder of holoride, expressed enthusiasm about the collaboration, citing its potential to expand the Cloudbreakers experience and enhance the overall ecosystem. This move, according to Wollny, aligns perfectly with holoride’s commitment to pioneering entertainment innovation.
Central to this collaboration is the Cloudbreakers staking program, which empowers holoride users to earn rewards by staking their NFTs. The program’s structure unlocks additional reward pools in the second and third months, presenting a progressive incentive structure for participants. Moreover, holoride’s network strength will be harnessed to bring new partner NFT collections to XOXNO and the MultiversX community.
As part of this initiative, XOXNO will facilitate the sales of these NFTs, effectively fostering a tighter integration between the holoride and XOXNO communities. This mutually beneficial partnership also contributes to the visibility and reach of holoride’s NFT offerings. Initial NFT sales will be conducted using both RIDE and USDC, a digital stablecoin pegged to the US dollar.
An interesting aspect of this collaboration is the commitment to the ecosystem’s sustainability. A 1.5 percent marketplace fee on Cloudbreakers sales and transactions carried out in RIDE will be allocated towards a “burning” process. This involves periodically removing a portion of RIDE tokens from circulation, thereby creating a scarcity that could potentially impact the token’s value over time. This mechanism will be continued with the fees collected on XOXNO’s platform, as holoride’s own marketplace will be closed as part of this partnership.
Mihai Daniel Eremia, the CEO at XOXNO, emphasized the significance of this partnership, particularly in providing XOXNO users with access to holoride’s captivating experiences and third-party NFTs. The collaboration’s mutual benefits are poised to enhance both communities’ engagement and offerings.
In conclusion, the holoride-XOXNO partnership holds the promise of expanding the user experience around NFT trading and staking, while also bridging the holoride and XOXNO communities in a way that could be truly transformative. As the two entities continue to chart new territories, NFT enthusiasts and entertainment aficionados alike will be watching closely to see how this collaboration unfolds.
About holoride
Combining the immersive and limitless potential of virtual reality and real-time data from in-motion vehicles, the holoride platform is an entirely new media paradigm. While passengers are immersed in a virtual experience, physical feedback such as acceleration and steering, as well as traffic data, route, and time, come together to create breathtakingly transformative experiences while reducing motion sickness. The experiential power of holoride’s “Motorverse” is further enhanced by the RIDE token, which was conceived to supercharge the social content ecosystem by delivering a more customizable and user-authored experience.
Munich-based holoride was founded in 2018 by Nils Wollny, Marcus Kuehne, and Daniel Profendiner, with Audi also on board as a minority shareholder. In 2021, holoride received the prestigious Best in Show award at SXSW Pitch after winning in the Entertainment, Gaming, & Content category. The company is a 2023 CES Innovation Awards Honoree and received “Best of CES 2019” honors from Tom’s Guide, CNET, and SlashGear. holoride is also recognized as one of the “100 Best Inventions of 2019” by TIME Magazine, and as one of the “100 Most Consumer-Centric Companies of 2022” by Forbes.
About XOXNO
XOXNO is the largest NFT marketplace and aggregator on MultiversX, previously known as Elrond. MultiversX is the first blockchain protocol to combine all three (state, network, transaction) sharding aspects in an adaptive architecture that maintains the highest level of scalability and security. For this reason, XOXNO chose to build its all-in-one NFT marketplace on MultiversX’s advanced, scalable blockchain architecture.
