RhinoX Soulbound NFT Launches Roadmap Detailing New ‘Soul Breeding’ Mechanism
RhinoX holders will now be able to "breed" soulbound NFTs from their first generation RhinoX NFTs.
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Soulbound tokens are coming to RhinoX, the game developed by BNB Chain platform BinaryX.
RhinoX Soulbound tokens
BinaryX, the GameFi development platform behind the metaverse games CyberChess and CyberDragon, today announced the launch of its official RhinoX roadmap which unlocks new use cases for soulbound tokens in the Web3 space. The roadmap reveals RhinoX’s plans to develop a ‘soul breeding’ mechanism that gives existing RhinoX token holders the ability to breed 2nd generation NFTs from their existing NFTs.
The concept of soulbound tokens was first introduced by Ethereum founder Vitalik Buterin. He envisioned a blockchain-backed, non-transferable NFT that could be used to represent an individual’s identity in the metaverse. RhinoX is inspired by that concept.
Earlier this year, the RhinoX team launched the first iteration of RhinoX NFT, now known as the 1st generation Soulbound NFT. It is tied to a credit rating system and a behavior analysis model that tracks key user data. A reward mechanism is also applied, and RhinoX holders stand to enjoy certain benefits according to their level of activity and milestone achievements. Now, the team plans to introduce the ability to ‘breed’ new 2nd generation NFTs from the 10,000 1st generation RhinoX NFTs that sold out in June of this year.
The 2nd generation NFTs would be called Baby RhinoXs, and it will come with a different set of use cases, such as social identity building and asset collection. According to Global Head of Business Development at BinaryX Chun:
“Personalization is key to self-identification. We want RhinoX to be a canvas for creative designs to come alive. We hope that with the ability to personalize the NFT, RhinoX holders will feel a greater sense of ownership to the NFTs they own.”
RhinoX is also slated to launch a new social platform called RhineT. RhineT will be a space for users to connect and interact with each other on Web3. Users can perform actions such as browsing someone’s NFT collection, making connections with others, and chatting on the platform. Users on the platform will be authenticated through their ownership of the RhinoX token.
In the latter half of 2023, the project intends to establish cross-chain interoperability to enable the movement of data and value to be transferred between RhinoX and other reputable NFT projects. This will open up new pathways for interaction and collaboration between RhinoX and their partners running on multiple chains.
RhinoX’s Credit Rating System is expected to go live in 2023 Q1. The system will be the foundation of RhinoX’s ecosystem, and will give rise to new NFT use cases and applications in the Web3 space.
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