'Sulake,' the parent company behind the social media-video game hybrid 'Habbo' has announced that it will now use 'Immutable X' as the sole provider of Habbo NFTs. Immutable X is a layer 2 NFT solution, meaning that it has reduced carbon emissions in its minting process and reduced transaction fees when compared to its non-Ethereum-based competitors.
Habbo launched its original set of NFTs near the end of 2021, and these NFTs sold out nearly instantly. Now, Sulake will continue to create NFTs in a climate-conscious and affordable way with Immutable X. Habbo, which originally launched in the early 2000s as 'Habbo Hotel,' is a pioneer in the digital content ownership sphere, with its digital collectibles being present since the game's inception. Now, the move to collectible NFTs seems like a perfect fit for the platform's next business venture.
Gamified Social Media NFTs
'Sulake' Announced 'Immutable X' as its Sole NFT Platform for 'Habbo'
Trend Themes
1. Gamified Nfts - Gamified NFTs are a rising trend, and businesses can explore its scope in the gaming industry by introducing NFT collections for an exclusive gaming experience.
2. Layer 2 NFT Solutions - Layer 2 NFT solutions like Immutable X with lower carbon emissions and transaction fees can be an opportunity for blockchain-based businesses in the gaming and art industry.
3. Climate-conscious Nfts - Climate-conscious NFT solutions can offer a sustainable and ethical way of creating value for the content creators of different industries.
Industry Implications
1. Gaming Industry - The gaming industry can explore the trend of gamified social media NFTs that can offer an exclusive gaming experience to the players while also being sustainable and cost-effective.
2. Art Industry - The art industry can explore the trend of climate-conscious NFTs, which can provide a sustainable and secure way of collecting and selling digital art.
3. Blockchain Industry - The blockchain industry can leverage the trend of layer 2 NFT solutions that can offer more efficient and cost-effective ways of creating, storing, and trading NFTs.