Nanome is a virtual reality startup company that’s developing a blockchain platform called Matryx.
Find out everything you need to know about Nanome today in our review.
What Is Nanome?
Nanome, found online at Nanome.ai, is a virtual reality company that seeks to combine virtual reality with the benefits of blockchain technology. The company builds intelligent virtual reality interfaces that allow scientists and engineers to collaborate, design, and simulate with “nanoscale precision.”
Overall, Nanome’s software is built to help advance research and development in life sciences, materials sciences, and nano-engineering through the use of hands-on virtual reality interfaces.
In layman’s terms, Nanome is building virtual reality software for the medical and science industries.
The company’s latest product, called Matryx, promises to be the future of collaboration. It’s built on the blockchain to provide security, transparency, and seamless collaboration for the virtual reality industry.
Nanome was founded by UC San Diego alumni, including co-founder Steven McCloskey. McCloskey was part of the first graduating class of nano-engineering graduates at UC San Diego when he received his bachelor’s degree in 2015. He was frustrated by the lack of tools available to nano-engineers for complex 3D modeling and simulation at the nanoscale, so he set out to rectify the problem.
Together with colleagues, McCloskey built a simulation tool for modern VR platforms like the Oculus Rift. That simulation tool is called Nano-One. It allows users to build molecules with carbon, oxygen, nitrogen, and hydrogen atoms.
On September 1, 2017, Nanome announced it was holding a token sale for its Matryx platform. That token sale will see the release of MTX tokens throughout September.
What Is Nanome’s Matryx Platform?
Matryx is a blockchain-based decentralized collaboration platform created by Nanome. The platform consists of a bounty system, a library of digital assets, and a marketplace.
Overall, Matryx aims to provide “incentivized innovation through collaborative competition”. The platform is specifically catered towards the bounty space. Here’s how the company explained the platform in a recent Bitcointalk.org forum post:
The Matryx Bounty system aims to accelerate innovation and reward all users who contribute. A bounty is simply a challenge posted to the platform with a fair MTX reward for users who contribute to the answer. Any user can post bounties to the Matryx community and any user can participate.”
As you’ve probably noticed, the word “bounty” has expanded far beyond just bug bounty programs. Today, blockchain companies (and other companies) post bounties for all different types of projects – from translations to 3D modeling projects.
How Does Matryx Work?
Here’s the basic process by which Matyrx works:
Step 1) A Bounty is Posted: A user posts a bounty. Any user can post a bounty to the Matryx platform. In Nanome’s example, a user requests a 3D spacecraft model and posts a bounty to the platform.
Step 2) Designs Submitted: Users can submit their best spacecraft models to compete for the bounty. The user who posted the bounty likes one particular design and requests a round of revision from the community.
Step 3) A Winner is Chosen: Two new users take the user’s favorite spacecraft designs and “remix” them. The user chooses a winner, and a smart contract distributes MTX tokens to all contributes.
Using blockchain-based bounties, Matryx allows users to validate each participant’s contribution to a solution, then reward those contributions with MTX tokens. Using a cryptocurrency token like MTX enables Nanome to leverage smart contract systems, upgrade the platform over time, and maintain the flexibility needed to shape the platform to the needs of the users.
Meanwhile, Nanome built its Matryx system on blockchain technology to reduce the friction of tracking and compensating contributors. It allows for easy micropayments, transparent bounty competitions, and a secure, immutable, and competitive marketplace for bounties.
The MTX Token Sale
The MTX token sale will launch on September 13, 2017. There will be a total supply of 314,159,265 MTX tokens available. The project has a max funding cap of 161,803 ETH.
You can stay up-to-date on the MTX token sale online at Matryx.ai. Investments have a minimum purchase of 75 ETH. Purchases over 150 ETH are eligible for a 10% discount, while purchases over 300 ETH are eligible for a 15% discount.
60% of the total MTX supply has been allocated for the crowdsale.
Nanome, Inc. is a San Diego, California-based company. The company completed a seed funding round in March 2017.
Nanome was founded in July 2016 by alumni from UC San Diego. As mentioned above, company co-founder Steven McClusky was one of the first graduates from UC San Diego’s nano-engineering program. He graduated and was disappointed with the VR tools available to nano-engineers for complex 3D modeling – so he set out to try and rectify the problem.
Nanome is a virtual reality technology company creating products for the medical and science space. The company recently launched a blockchain technology platform called Matryx. Matryx is a blockchain platform for bounties. Users can post bounties on Matryx, while other users can compete for bounties on the platform.
To fuel their Matryx platform, Nanome is holding a token sale for MTX tokens. That token sale begins in September, with the pre-sale launching on September 6.
You can learn more about Nanome today by visiting the company online at Nanome.ai. Or, you can learn information specific to the Matryx project by visiting Matryx.ai.