Understanding the Brand Reshaping and Smart Contract Migration of NFT Worlds

On April 25th, it was announced that the metaverse platform NFT Worlds will undergo brand reshaping and smart contract migration. All products will be renamed on May 5th, and NFT plans to migrate to new smart contracts through air drop. Users do not need to cancel pledges, royalties will be enforced, and NFT holders do not need to do anything.

The metaverse platform NFT Worlds will undergo brand reshaping and smart contract migration

Introduction

On April 25th, 2021, the metaverse platform NFT Worlds made a significant announcement regarding its brand reshaping and smart contract migration. The platform is set to rename all its products on May 5th, and NFT plans to migrate to new smart contracts through an air drop. This article seeks to explore the reasons behind the brand reshaping and smart contract migration, its impact on NFT Worlds, and what users can expect moving forward.

The Reason for Brand Reshaping and Smart Contract Migration

NFT Worlds’ brand reshaping and smart contract migration come as part of its strategy to improve its service delivery to users. The migration will enable the platform to optimize transaction speed, reduce gas costs, and increase security while providing a more seamless and user-friendly experience. The decision to migrate to new smart contracts is based on the desire to increase NFT Worlds’ capabilities, especially in handling complex transactions and high-volume trades. This ambitious move is expected to make NFT Worlds more competitive in the rapidly growing NFT market.

Impact on NFT Worlds

As mentioned earlier, brand reshaping and smart contract migration will have a massive impact on NFT Worlds. For starters, the new smart contracts are expected to increase NFT trading volumes, speed up transaction times, and reduce gas costs. This migration is also a crucial step in ensuring that NFT Worlds remains competitive in the NFT market, especially at a time when more platforms are entering the market. Moreover, the platform aims to improve users’ experiences by providing more user-friendly features, improving security and enhancing liquidity.

What Users Can Expect?

Users are not required to cancel pledges, and royalties will be enforced even after the smart contract migration. NFT holders do not need to do anything as their NFTs will be automatically transferred to the new smart contracts through an air drop. However, users are advised to enable the self-destruction feature found in the V1 contract to ensure that their NFTs in the previous versions cannot be used after the migration.

Conclusion

In conclusion, the brand reshaping and smart contract migration of NFT Worlds marks a significant turning point for the platform as it seeks to enhance its capabilities, improve user experiences, and remain competitive in the fast-growing NFT market. The migration to new smart contracts will bring with it faster transactions, lower gas costs, and more user-friendly features. NFT holders can rest assured that their holdings will be transferred automatically through an air drop, and royalties will be enforced even after the migration.

Unique FAQs

1. What is brand reshaping and smart contract migration?
– Brand reshaping and smart contract migration refer to the process of changing the image and structure of a platform respectively. NFT Worlds is changing its brand name and migrating to new smart contracts to enhance its capabilities and provide a better experience for its users.
2. What is an air drop?
– An air drop is a method of distributing tokens or NFTs to existing holders at zero cost. An air drop preserves the ownership structure of a community token distribution while still allowing for efficient distribution.
3. What is the self-destruction feature, and how does it help after smart contract migration?
– The self-destruction feature is a feature that enables users to disable or destroy their contracts. After the smart contract migration, users who had NFTs in previous versions of the platform are advised to enable this feature to avoid the unauthorized use of NFTs in outdated smart contracts.