Highstreet is a decentralized metaverse and gaming platform that offers brands a way to develop their presence in the virtual world via Highstreet World. The project provides “metaverse as a service,” making it easy for brands to integrate with and deploy their virtual offerings to better engage with their community of consumers, fans, and more.
Highstreet offers a unique experience that blends the world of retail with that of gaming, allowing consumers and brands to experience meta-lifestyles within a highly versatile metaverse world. The Highstreet Marketplace makes it easy for brands to leverage the metaverse to provide shopping and gaming experiences to engage with their community, letting them open virtual storefronts in the metaverse powered by Web3 technology.
The platform also supports Highstreet World, an open-world MMORPG gaming experience. What sets this apart is how most of the in-game assets required to play are produced by real-world brands, with higher utility and value as a result.
HIGH is one of two native tokens in Highstreet World that leverages a dual token economy model, the other being STREET Red. HIGH is issued as an ERC-20 token on Ethereum, and a BEP-20 token on the BNB Chain is used to buy virtual real estate and limited edition items and works as the governance token of the Highstreet ecosystem.
Highstreet World offers an engaging Play-and-Earn MMORPG game and open-world metaverse experience. Brands and users can access varied services such as shopping, gaming, NFTs, attending social events virtually, and more.
The Highstreet Market provides a frictionless checkout with e-commerce for a more immersive shopping experience. It allows real-world brands to tokenize their products and offerings, putting them on-chain and giving consumers access to “phygital" (physical + digital) items.
The Highstreet ecosystem consists of the following major components:
Highstreet Marketplace: A platform where users and brands can buy and sell phygital products and NFTs for use in Highstreet games.
Highstreet Homes: Users can buy virtual homes across the Highstreet World metaverse via Initial Home Offerings (IHOs).
Highstreet Lands: Blocks of virtual land are offered as single Hexes, 10-Hex Zones, 50-Hex Regions, and 15-Hex Megaplexes. Real-world brands can buy and develop these lands to provide virtual infrastructure such as clubs, shops, homes, and more.
Forever FOMO Duck Squad (Ducks): Ducks are the official mascot and avatar NFTs within Highstreet World. This NFT collection of ducks can be used as in-game characters, let holders access the exclusive FOMO Duck club in the Highstreet World, and enjoy exclusive airdrops and vaults.
Highstreet was co-founded by Travis Wu, who currently serves as the project’s CEO. The core team comprises people with experience working with firms like Sotheby’s and McKinsey.
The team introduced its Forever FOMO Duck Squad NFT Collection in September 2021 and had its IDO public sale on Polkastarter. Another round of IDO public sale on Impossible Finance in October followed this.
Other significant developments announced in the last quarter of 2021 include the HIGH staking program and staking for FOMO Duck NFTs. The first IHO sale, The Solarium, was conducted in Q1 2022, while Highstreet View Alpha was offered for homeowners.
In August 2022, Highstreet partnered with Animoca Brands to sell virtual residences inside Animoca Archipelago via IHOs. In October 2022, Refinable partnered with the platform to launch an exclusive NFT storefront within Highstreet.
Period | Change | Change (%) |
---|---|---|
Today | $-0.078 | -5.53% |
7 Days | $-0.094 | -6.60% |
30 Days | $-0.114 | -7.91% |
3 Months | $-0.063 | -4.50% |
Highstreet token could be a good asset to include in your crypto portfolio if you believe in the mainstream potential of digital assets and wish to diversify into the metaverse sector of the industry. As a native token of a unique metaverse project that brings mainstream brands to experience the virtual worlds, the HIGH token is a promising cryptocurrency to invest in and hold.
The Highstreet price could increase as more brands partner with the platform to launch their games and experiences in its metaverse. This could bring in more consumers and users, and the resulting uptick in demand for its token could support the HIGH price statistics.
The price of HIGH crypto could also strengthen as the mood in the crypto market turns bullish. This would boost the risk-on attitude among investors and increase their interest in buying and trading crypto assets linked to projects such as Highstreet.
While it is impossible to offer an accurate HIGH crypto price prediction over any duration, we recommend monitoring the following fundamentals to understand price action and volatility in the Highstreet coin:
The HIGH price depends on the level of interest in the Highstreet metaverse among brands, consumers, and investors. Increasing the number of brands partnering with the project to enter the metaverse could bring in more users, increasing the demand for the HIGH token and increasing the value of Highstreet crypto.
When Highstreet announces new partnerships, integrations, and investments from notable brands in the mainstream and crypto industries, investor confidence in its token increases. This powers an uptrend in the price of HIGH crypto in the market.
As the developers implement new features that increase the number of use cases for the $HIGH token, its value could also increase. In addition to being used as a native currency and governance token, adding new applications could encourage more users to buy and hold the token, sending the value of $HIGH upwards.
A positive outlook towards cryptocurrencies in general and toward sectors like the metaverse, GameFi, and NFTs could also boost the $HIGH token price. On the other hand, a bearish or risk-averse sentiment among global investors could drive sell-offs in the crypto market, weakening the price of the Highstreet coin.
$HIGH is one of two native tokens in the Highstreet metaverse platform and has the following uses:
You need HIGH tokens to buy limited edition items from the Highstreet Market. HIGH tokens are also required to purchase real estate within the Highstreet ecosystem.
You can stake $HIGH to earn passive income and grow your crypto portfolio. Staking $HIGH on Highstreet Market offers a lucrative way to stay engaged with its community and increase your holdings.
HIGH also doubles up as the governance token of the Highstreet Market metaverse. Token holders enjoy voting rights and can contribute their thoughts on the project’s future evolution.
Trade Highstreet coin against other crypto assets and profit from changing market conditions and volatility. You can buy or sell HIGH against other cryptocurrencies or hold it long-term if you believe in the future potential of the Hightstreet project. Check the live price of Highstreet token, HIGH current market cap, current circulating supply, and 24-hour trading volume, and perform technical, fundamental, and sentiment analysis on the HIGH price chart before trading Highstreet in the crypto market.
Highstreet boasts a formidable lineup of partners and investors. Renowned investors in the Highstreet project include Huobi Ventures, NEO Global Capital, Binance Labs, Mechanism Capital, Avalanche, Shima Capital, Evernew Capital, GBV, Palmdrive Capital, and more.
Some brands and businesses partnered with Highstreet include NFTOO, BNV, LayerZero, Animoca Brands, Kikitrade, Refinable, BuerBear, and more. In addition, the platform has also integrated with Shopify on its Merchant Portal for a seamless connection for purchases and payment data.
Highstreet introduced its official staking program in December 2021, giving token holders a lucrative opportunity for passive income generation. Here’s how you can stake HIGH on Highstreet:
1. Visit the Highstreet Market website and sign in by connecting your MetaMask wallet to the app. You can also register for the app using your Google or email account.
2. Ensure that your wallet is funded with adequate tokens by buying HIGH on KuCoin or other supported platforms and withdrawing your tokens to your wallet.
3. Click on the Staking tab from the dropdown menu on the top right section of the page.
4. Choose between Flexible and Locked options, and enter the number of HIGH tokens you wish to stake. If you select the Flexible option, enter the weeks you want to stake your tokens.
5. Click on Stake and confirm the transaction using your wallet.
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