2023 has been a huge year for us at Avatr, so it’s time to introduce ourselves, recap the year and let you know what’s next.
Back in early 2022 we released the Avatr White Paper where we described how a new approach to talent recruitment could work. The new approach was Tokenizing Talent — where every workforce participant creates an Avatr which is the digital representation of their performance in a tokenized form.
A participant’s tokens (NFTs) would then take on a life of their own, rising and falling in value based on market forces within the Avatr platform, mainly driven by the participant’s performance. Reward pools would then be generated as a result of this performance and disributed to all NFT holders and the creator.
This is a simple but powerful play and earn model where participants can build their profile and reputation with a far more capable model than a simple review-based star system. For the first time, better performance will lead to real rewards.
With this model defined, the Avatr team was established to bring Tokenizing Talent to life.
So, who is Avatr?
Avatr is the product of its group of founders who collectively bring decades of experience in recruitment, software development, marketing and finance to the project. Our founders also have impressive track records in founding and running their own companies, prior to Avatr, so Avatr isn’t their first rodeo.
Have a look at our Video Library to find out more: https://avatrdapp.org/video-library/
How does it work?
Avatr relies on the concept of tokenizing workforce participants (clients and candidates) into NFTs, supported by an internal economy of rewards. These two concepts were very difficult to implement until recently with the advent of efficient blockchains and NFTs.
The Avatr Platform will run on the Polygon network and use the TLNT token as its internal currency. Tokenizing of workforce participants will also take place on Polygon with each participant being broken down into a large number of NFTs.
2023 — what’s happened so far?
The Launch
This year was all about launching the Avatr brand, starting development of the platform and releasing the Avatr Membership NFT.
Brand Launch
The Avatr brand launch involved launching the Avatr Community on Discord then announcing Avatr on all the usual channels — Twitter (X), Instagram, YouTube and TikTok.
To help kick off brand awareness of Avatr we’re also running an impressive round of competitions where a few lucky (and industrious) community members will win an iPhone, a MacBook Pro, a trip for 2 to Aus Crypto Con 2024 and even a Tesla Model 3!
You can find out all about the Avatr competitions here: https://avatrdapp.org/competitions/
The culmination of the Avatr brand launch is Aus Crypto Con 2023 in Melbourne, Australia running from 10th November to 11th November 2023.
Avatr is a Gold Sponsor of Aus Crypto Con 2023 which includes running our own stand. We’re very excited to have the Avatr team in the same place at the same time where we will have our first chance to tell the Avatr story to a large number of people, face to face.
If you can’t attend Aus Crypto Con, keep an eye on our socials as we will be publishing a lot of content about the goings on at the conference.
The Platform
Development of the Avatr platform is underway with the first element of the platform being the NFT and TLNT token minting functions.
The main Avatr platform is in the design and prototyping stage as we build out the functions which will enable the innovative Tokenizing Talent business model.
The Avatr Membership NFT
Avatr uses a membership NFT as its path to autonomous governance. The membership NFT will go through multiple levels over the coming years, starting with the MAKO NFT which goes on sale this year. A new membership level will be released each year until we reach the MEGALODON NFT which will be the membership gateway to the Avatr DAO.
The MAKO NFT will be released in November 2023 via a pre-sale and three subsequent rounds of sale through to March 2024.
You can find out more about the Avatr Membership NFT levels and benefits here: https://avatrdapp.org/avatr-nft-sale/
2024 — what’s next?
TLNT Token Generation Event
The TLNT token will be the currency of the Avatr Platform and will be released in the first half of 2024.
You can learn more about Avatr’s tokenomics here: https://avatrdapp.org/tokenomics/
Platform Development
The most important work of 2024 for the Avatr team will be the continued development of the Avatr Platform.
Work is underway with the initial team in place and working through various early stage development tasks such as software architecture, prototyping, application deployment models and so on.
The Avatr Platform is planned for Beta release in Q4 2024 with a limited public launch in early 2025.
Avatr community members who have purchased the MAKO NFT Gold Package will be invited to join the Beta program.
Wrapping up
That’s it for our first update on Avatr! We’ll be posting various updates as we go through a very exciting time for the project over the coming months.
To stay in the loop, connect with us on your channel/s of choice — all the links are in our linktree: https://linktr.ee/avatrdapp
- Justin
