RJAM, the foremost platform for Web3 live events, announced today that its groundbreaking new digital currency VRJAM Coin will IEO on November 30 via Gate.io and MexC. VRJAM’s and metaverse’s crypto-coin is currently valued at $40 million and has garnered investment from 15 of the world’s major web3-focused venture capitalists and investors.
In 2019, VRJAM launched a “alpha state” product and subsequently bootstrapped the firm for four years, achieving double-digit annual growth. As a result of the founder’s perseverance, the company became the UK industry leader for immersive live events, serving hundreds of premium content providers and companies.
After four years of development and market validation, VRJAM’s public content platform was released at the beginning of the month. Download the VRJAM platform app to explore the virtual world of 5th Dimension, or create an account on the VRJAM browser application to render a custom avatar and purchase VRJAM NFT’s.
VRJAM is a premium content platform for high-quality, immersive live events that was developed based on years of experience serving clients like as Red Bull, Glastonbury Festival’s Shangri La, Amazon-owned Twitch, and the UK Creative Industries Council. Google (VRJAM is a member of the prestigious Google Campus startup accelerator) and Epic Games, the world’s largest video game publisher, have both shown interest in VRJAM’s technology.
VCs and investors have put a total of $US2.2 million into VRJAM Coin so far, which is a strong sign of the currency’s quality. Among the VCs and investors who have supported VRJAM Coin so far are NGC Ventures, Sky Vision Capital, DWF Labs, EnjFi, Gate.io Ventures, Animal Concerts, AU21, Stablenode, Axia 8, Enjin, Eight Rings Ventures, Panony, TPS Capital and Oracle Investment Group.
Due to its emphasis on consumer usage, VRJAM Coin is fairly unique within the web3 industry. VRJAM Coin is also designed to be used by customers, companies, and content creators to purchase and sell products, content, and services within the immersive virtual environment created by the VRJAM platform. This means that the coin’s adoption by customers and brands increases its demand. By virtue of this increased demand, the token price is partly shielded from the turbulence of the cryptocurrency markets, providing investors with a safer and more reliable investment opportunity.
The VRJAM platform provides a variety of use cases for its cryptocurrency, including the purchase and sale of tickets, avatars, backstage passes, premium content, and virtual property. VRJAM’s virtual real estate model is also distinctive and provides an intelligent alternative to the conventional’metaverse land’ investment modelo. However, the most important aspect of the consumer use case addressed by VRJAM Coin is how consumers convert from Web2 to Web3.
VRJAM’s user acquisition approach depends on partnerships with major brands and content providers to provide free access to magical experiences on the VRJAM platform for consumer audiences. By partnering with leading creators and companies to provide exclusive premium content, VRJAM obtains access to a powerful user acquisition approach that converts consumer audiences into account owners and coin holders on the VRJAM platform.
Animal Concerts, Polygon Studios, Snoop Dogg, Billy Ray Cyrus & Avilla Brothers’ ‘Hardworking Man’ metaverse project, Roger Sanchez, Umek, DJ Craze, Jay Worra, and Stanton Warriors are some of the brands and creators that VRJAM currently collaborates with to activate live events and content on the platform. This strategy is improved and accelerated by VRJAM’s play-to-earn rewards program, through which over $US20M in cryptocurrencies will be provided to consumers as rewards and incentives to promote the adoption of VRAM’s technology.
On November 30th, a number of major events will come together to achieve a successful market entry for VRJAM Coin, including the activation of VRJAM’s NFT marketplace through the offering of a variety of super-rare NFTs from top-tier music artists. The launch of VRJAM’s native.staking pools, including farming pools and traditional, time-locked pools, to provide the VRJAM community with possibilities to expand their investments, as well as the debut of VRJAM Coin on two of the world’s most prominent cryptocurrency exchanges, MexC and Gate.io.
VRJAM
VRJAM is a real-time, award-winning platform for premium virtual events and immersive social gaming. The VRJAM platform enables creators and businesses to provide fans with virtual experiences that change fan engagement in the Web3 environment. Over the past three years, the platform has enabled some of the world’s greatest companies and musicians, like Carl Cox, Ultra Records, Twitch, Red Bull, and Fatboy Slim, to reinvent the fan experience in digital space.
These experiences are monetized through the use of VRJAM’s native cryptocurrency, VRJAM Coin, and the creation of groundbreaking new types of NFTs that are native to the VRJAM virtual environment.
The live experience elements of the platform combine with an elegant smart contract infrastructure and crypto-native feature sets to enable businesses and content creators to render digital material and interact with followers in novel ways.
VRJAM’s community of collaborators, advisors, and investors comprises some of the leading companies in the blockchain industry, such as Polygon and Gate.io, as well as a variety of top-tier consumer brands, such as Epic Games, the world’s leading game publisher.
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