The Whitepaper for VIMworld can be downloaded here, which includes the full details of our ecosystem.

8Hours Foundation was built upon the tenets that a healthy organization is one with a healthy community and that social engagement is the cornerstone of such a community. Social engagement helps us process stress, effectively improving physical and mental well-being across the board — from a heart attack and stroke to depression and addiction. Being together and interacting with one another, it would seem, is written in our DNA.

Unfortunately, we live in a world that often inhibits us from doing just that. Some argue that technological advancement allows us to connect with each other more than ever before, and when used with care and the right methodology, they can do just that. However, many studies now show that the current communication enabling technologies are the junk food equivalent of social engagement— they feel good, they make us think we’re “full”, but, in fact, they make us more likely to experience feelings of isolation and stress.

What’s the solution then? Turning our backs on technology is not only unrealistic, but it also ignores all the good that can come from it. At 8Hours, we believe it is better to make technology work for us in a positive way, through the purest form of human interaction; play.

Play isn’t just empty entertainment, it’s central to how we learn, how we grow, socialize and give life meaning. The problem is that most people still limit play to their free time, seeing it as something separate, or worse, a deleterious distraction. Avoiding play isn’t just keeping them from having fun, it’s downright harmful to health and happiness.

It was clear to us that what was needed wasn’t just a new game — there are plenty of those — what was needed was an entirely new system that incentivizes and rewards its participants. An ecosystem that brings everyone together, giving value to both physical toys, objects, and their digital counterparts.

Today, we’re officially announcing VIMworld, a revolutionary non-fungible token (NFT) ecosystem fueled by EHrTs and enabled by the 8Hours Ecosystem of games.

VIMworld — a revolutionary non-fungible token (NFT) ecosystem

VIMworld creates a space where entrepreneurship and play help each other thrive. At the core of VIMworld are VIMs themselves, each one unique and permanent. VIMs are non-fungible tokens that will provide an unquestionable system of authentication and allow their owners to both store and build value through play and meaningful connections to others.

VIMs are minted by burning EHrTs, directly driving organic demand for EHrTs.

There will be a variety of ways to obtain VIMs, which include winning them from games in the 8Hours ecosystem (both on PlayTable and other platforms on web or mobile), gifted by the 8Hours Foundation, buying them through the marketplace, bundled with toy packages and more.

Value for these NFTs is built by connecting the 8Hours and PlayTable ecosystem with VIMs, allowing game data and progress to be stored on NFTs whilst acting as ownership tokens for gamers, collectors and more. Furthermore, VIMs are grouped into different rarities and tiers which can be upgraded based on the amount of EHrTs added. The higher the VIM tier, the more benefits, and the value it contains.

These non-fungible tokens can then be traded on our VIMExchange (coming soon), a dedicated marketplace for all 8Hours NFTs, allowing owners of VIMs to buy, sell and trade their tokens. VIMs can also be traded on any VeChainThor VIP181 compatible NFT marketplace, should they decide to enable compatibility.

Learn more in the VIMworld Whitepaper

To help you understand what each feature does and how it could impact the ecosystem as a whole, we will elaborate more on the VIMworld NFT Ecosystem through a series of short articles to be released in the coming days and weeks.

The Whitepaper for VIMworld can be downloaded here, which includes the full details of our ecosystem.

Summary

EHrT is the currency that fuels the ecosystem. Creative content, whether built by 8Hours, third-party developers or players themselves, will drive continued interaction with VIM.

Even at the most basic level of VIM usage, such as in gameplay or as collectibles, VIMworld encourages people to engage with each other. For those who wish to do more, it opens up endless opportunities for personal, professional, and community growth, creating digital communities the likes of which have never been.

Whether you’re a developer-partner, an Ambassador, Envoy or an unaffiliated player who just wants to game, everyone benefits from being a part of VIMworld. And as it grows ever larger, those who contribute most to the platform’s growth and success will stand to reap the greatest rewards.