Multiple transformations and collaboration with AI giant Nvidia, how did Vanar Chain surge 4.6 times in 30 days?

Written by: Nancy, PANews

Recently, the Layer 1 blockchain Vanar Chain has gained significant market attention due to its soaring growth and collaboration with AI giant Nvidia. Behind Vanar Chain's rise to fame, in addition to undergoing multiple brand transformations, its focus on popular concepts such as gaming, the metaverse, and AI has also generated considerable buzz and discussion for the project.

Before its transformation, Vanar was originally launched in 2018 as Terra Virtua, a subscription-based VR (virtual reality) and AR (augmented reality) content platform that supported cryptocurrency payments. It was co-founded by Gary Bracey and Jawad Ashraf, with the former having over 35 years of experience in video game production and development.

In 2020, after raising $2.5 million in funding from NGC Ventures, LD Capital, YBB Foundation, and Hashed, Terra Virtua began its transition into the NFT space, becoming a digital collectibles platform. In the following months, it collaborated to launch well-known movie NFTs such as "The Godfather," "Top Gun," "Pacific Rim," and "Godzilla vs. Kong," and invited former Disney executives to join the team.

In November 2023, after the approval of Terra Virtua's new blockchain proposal, the brand was upgraded to Vanar, adopting VANRY to replace the original token TVK. Today, Vanar Chain is a Layer 1 blockchain focused on entertainment and gaming, providing various tools and modules for Web3 developers and companies in the entertainment industry, aiming to help the next 3 billion consumers enter the Web3 world.

According to the official website, Vanar consists of four sectors: the metaverse, marketplace, gaming, and land. Among them, Virtua Metaverse is a diverse and visually rich metaverse platform where users can play games, trade game asset NFTs, purchase land, and socialize; the Virtua marketplace allows for the buying, selling, or trading of digital collectibles, and users can interact with it and even create their own digital characters; Virtua games allow users to experience and unlock games in an interactive metaverse player lounge, earning rewards such as Virtua XP and free collectibles in the process, with current games including Jetpack Hyperleague and BATTLE FOR VIRTUA PRIME; land is the core of Virtua Metaverse, divided into different plot sizes and containing multiple experience zones, including monsters, mechs, battlefields, and players.

Additionally, Vanar has also jumped on the AI narrative bandwagon, introducing multiple AI solutions into its products, including AI-driven IP tracking for brands, AI analytics for creators, AIGC-generated music/video trailers, AI-enhanced identity verification, and building and reviewing DApps with AI. Recently, Vanar also announced Nvidia as a member of its ecosystem, integrating NVIDIA technologies such as CUDA, Tensor, Omniverse, and Gameworks into the Vanar platform, providing developers with tools to create advanced AI solutions.

The news of the collaboration with Nvidia has further propelled the surge of the Vanar token VANRY. According to CoinGecko data, in the past 30 days, VANRY has increased by 460.8%, with a circulating market cap of $470 million.

As of now, Vanar Chain has already collaborated with several traditional and Web3 enterprises in its ecosystem, covering areas such as the metaverse, gaming, finance, NFTs, and AI. According to the upcoming roadmap, Vanar Chain plans to launch its mainnet this year, collaborate with major gaming and financial giants, and launch AI projects, among other initiatives.