As we planned in our roadmap, we will get a security audit for Myax. At a glance, CertiK’s Security Audit service fits perfectly. In addition to that, for KYC, CertiK and sumsub’s services are great candidates to partner up.

MaticNews x MYAX AMA Recap and Transcript

MaticNews: Let's start with an introduction of you and your team! What past experiences you all have if any?
MYAX: I have been in the Telecom and Marketing Consulting business for the first 15 years of my professional life. And it is my privilege to say that we have been working as a team for seven years on Beauty Tech and A.I.

We have created two apps called Hairmod and Maya, My beauty Assistant; both became the app of the day a couple of times on the Appstore. MYAX Co-Founders’ expertise in A.I. and reach in the Beauty & Fashion ecosystem help us to conduct a game-changing project like MYAX.
MaticNews: Out of curiosity, why did you choose this name, is there any background story?
MYAX: MYAX is an abbreviation for My Avatar X. Both the platform and the coin are called MYAX ($MYAX). Maya (our virtual influencer) is our inspiration for the name!
You can meet her here https://www.youtube.com/channel/UCVkpJIR4MSTk3tGcsjwjYng
MaticNews: What is www.myax.me ? Please introduce the project to us!
MYAX: MYAX is all about storytelling on web3. For the past decade, new technology has been accelerating the evolution of our storytelling mediums—the way we create, experience, and interact with stories. Social platforms such as Facebook,  Instagram, TikTok, and YouTube have changed what it means to tell a story: from a linear narrative to a multidimensional experience, from passive consumption to interactive participation. But now we're taking it one step further: we're about to enter the metaverse.

This project is about creating a new frontier for creativity in the digital world—one based on virtual reality and augmented reality and artificial intelligence and machine learning. It's a place where you can bring your story ideas to life and engage with users and other creators in one space. A place where you can find inspiration or share your unique voice with others in an infinite variety of ways.

A place where all the creative industries that rely on visual experiences will converge: film, television, gaming, education, commerce—and even storytelling itself will be redefined as we know it today. We are calling this place MYAX.

MYAX is the technological playground for creative society to shape emerging trends and unleash their creative force for a new form of art; Storytelling in the metaverse. We want to remove the barriers to creating and delivering.
MaticNews: On what chains will MYAX be available?
MYAX: MYAX is developed on the Polygon (MATIC) network. There aren't any other blockchain networks on our agenda.

Solana, Ethereum, Avalanche, etc. were considered as an alternative but for Myax, Polygon is the right address. Speed, gas fee, security, and environment are the most important fundamentals for the network comparison. Our mission is to empower everybody to achieve more.

The company vision is to create and endorse an ecosystem where creators, users, investors, technology innovators, and influencers come together in a new digital layer that is transparent, verifiable, interoperable,  secured by $MYAX coin, and accessible to anyone who wants to create.
MaticNews: Speaking of your core, what is the use-case for your native token?
MYAX: Let me put three use cases of $MYAX

Imagine what you could do if you could monetize all of your creative ideas! Every content and asset creation will be incentivized with $MYAX regarding the contribution to the ecosystem. This could be a simple dancing video of your Avatar for Tik-Tok or a complete Meta-movie just for MYAX platform with tens of Co-creators.

2. Wearable Fashion NFTs
Turn your work into Fashion NFTs instantly with MYAX. MYAX Studio tools include wearable fashion NFT creation and minting where artists can list NFTs in desired marketplaces. Base formats for wearable fashion NFTs are available in the studio library to inspire and accelerate creation.

3. Launchpad
Crowdfunding for creative minds. MYAX Platform helps creators to crowdfund their own or collective meta-contents with staking pools. In this way, users may invest in UG content directly. MYAX is an open platform for innovators and I am pretty sure that we will see more use cases soon.

MaticNews: What is User-Generated Content for the Metaverse? Why is it important?
MYAX: Please check out https://www.myax.me
A metaverse is a digital space that exists above the physical world where people can come together to explore, socialize, interact, work, and play like never before.
The metaverse needs user-generated content (UGC) to function properly. MYAX is where people can come together to create their own experiences and have them witnessed by millions.

It's powered by three key components: user-generated content, artificial intelligence, and blockchain technology. UGC gives the Metaverse its lifeblood; it allows users to create their own experiences within it.

Artificial intelligence and blockchain are the technological foundation of how a MYAX works and form the basis for building the secondary world.
Artificial intelligence contributes to the existence of the Metaverse by enabling the creation of intelligent NPCs (non-player characters) and allowing users to create their own experiences. MYAX token enables tamper-proof storage of data and prevents nefarious actors from manipulating or destroying UG content in the MYAX.

Together, these three components enable users to come together and interact in ways never before possible. The MYAX is a place where we can come together and create our digital worlds. UGC is important because it allows users to create their own experiences. This means that users can become more engaged and involved in MYAX, which can lead to truly innovative and unique content.

The possibilities are limitless!

This can take the form of anything from a YouTube-style fan-made video like we did it with Maya (our virtual influencer) in a room to an interactive game in the new story of the Harry Potter series.

MaticNews: Furthermore, would you like to add something more on what will be able to do in the MYAX Platform?
MYAX: MYAX is the social network of Avatars in a sense.
On MYAX you may:
Access and interact with user-generated Meta-contents
(Meta-games, Meta-stories, Live shows, etc.) with your unique Avatar. Create and personalize your Avatar with endless possibilities. Dress up your Avatar with wearable fashion NFTs. Buy/Sell/Rent wearable Fashion NFTs. Create and share engaging content on social networks. Get paid for your content (Create-2-Earn which I mentioned above on utilities)

This is a quick wrapup MYAX of Myax Platform.
MaticNews: Will be any rarity tools that help us to buy your NFTs?
MYAX: On MYAX; creators may mint wearable Fashion NFTs with desired utility such as using this particular NFT to enter a specific such as a virtual fashion show or a historic meta-movie where visitors are asked to wear certain fashion NFTs.
Already two haute couture brands that we are working on ask to create wearable NFTs which can be used as tickets for the virtual fashion show.
The wearable NFTs will heat up the market soon!
You can create the web3 compatible content  on MYAX with your Avatar and share it web2 social networks. Such as TikTok, YouTube or Instagram.
MaticNews: Why people should choose your marketplace in the future instead of the traditional ones?
MYAX: There is a tremendous interest among fashion brands, designers, and students from various Universities to create fashion NFTs. We found out the pain points of creators and will super ease the production, minting, listing, and marketing of digital assets. Moreover the control over on fashion NFTs utilities makes MYAX Fashion Marketplace unique.

Shortly, Myax’s NFT marketplace is focused on wearable NFTs and that creates uniqueness.

MaticNews: How can we join your ecosystem? In which phase of the project are we right now?
MYAX: Best way is follow us on social networks. Follow us on Twitter and join our Telegram channel.

I also like to urge all the members of the community to participate in our community giveaway campaign right now:) And subscribe our newsletter on https://www.myax.me/

MaticNews: Let’s talk about the tokenomics! Please tell us about yours and about why you chose this model?
I also like to share some infographics about tokenomics:

MYAX Tokenomics

MYAX Token Supply

MYAX Distribution

MaticNews: Furthermore, how is the revenue being generated for the project itself which can be used to finance future developments?
MYAX: A sustainable ecosystem for creative society is among the most important goals of the MYAX. In every aspect of the platform, revenue sharing within the ecosystem plays a crucial role. With the growth of the platform, users who create will benefit more and more.

Every transaction and every revenue generation automatically feeds the ecosystem. This creates more opportunities for inexperienced creators or young potentials who are searching for support.

MaticNews: Talking about the security side, the Clichè question that we ask in all AMAs, are there any KYCs or audits planned?
MYAX: As we planned in our roadmap, we will get a security audit for Myax. At a glance, CertiK’s Security Audit service fits perfectly. In addition to that, for KYC, CertiK and sumsub’s services are great candidates to partner up.
MaticNews: Who are your current partners and what is the marketing strategy to have a good amount of users at the launch of the platform?
MYAX: We have several partner such as:
Clo Virtual Fashion (Fashion NFT Creation), Metaverse Standards Forum (being sync with other metaverse ecosystem members), Wolf3D (Avatar creation), Unity (Content creation engine), Universities (Beykent and Çanakkale Onsekiz Mart) (Community and RD) and Famous fashion designers (wearable fashion NFTs and PR).
Besides that, for marketing purposes, we will attend AMAs, organize giveaways and publish press releases. Wearable fashion NFT lines with Fashion Designer will take the leading role in these community-building activities.
MaticNews: Talking about the future, as recap, do you have any preliminary roadmap that you would like to share with us?
MYAX: Let me share the roadmap with you guys:

MaticNews: Last, but not least, what do you think about the current market moment?
MYAX: As you all know, we are still in a bear market. But as a team, we believe that we should develop even harder at this moment. Near the end of 2022, the cryptocurrency market will recover hopefully (some positive vibes appear even today). This momentum will be perfect leverage for the MYAX project too.

MaticNews: Thank you for joining us!
MYAX: This was great, thank you for having us!

Written By

Petrache Ionut

Nov 1, 2022