Leo Hilse, the founder of STYLE Protocol, recently discussed his project on Cointelegraph’s X Spaces. He explained that the protocol aims to utilize the large number of NFTs and valuable assets that are currently idle. The idea is to allow these assets to be used in different virtual environments, such as Roblox, through a protocol that enables users to earn commissions based on the asset’s usage.
To achieve this, the STYLE Protocol converts NFTs and 2D images into interoperable 3D models that can be used in various game engines and environments. Almost any NFT or image can be transformed into a 3D model as long as it makes sense in a 3D setting. This opens up a wide range of possibilities for fashion items, avatars, and in-game assets that can enhance the player and user experience.
The STYLE Protocol works in several stages. First, it connects to virtual environments like Decentraland or Roblox via an API. Then, it converts 2D assets into 3D models and customizes existing 3D models using AI and a library of base rigs specific to different virtual environments. The blockchain layer allows users to connect their existing NFTs to the STYLE Protocol.
The accuracy of the final 3D asset is determined through a combination of automated AI and manual verification by a community of 3D designers and engineers called Tailors. These Tailors are financially compensated for their work through a stablecoin and the platform’s native token, $STYLE.
Before starting their work, Tailors refer to the AI analysis of the initial 2D image, which helps them understand the style and color scheme. After creating the 3D overlay, APIs automatically rig the 3D model to make it compatible with the chosen virtual environment.
The turnaround time for converting assets into 3D models depends on their complexity. Simple items like sneakers could take 12 hours, while high-poly avatars could take up to 48 hours. Fees also vary depending on the rendering requirements and the virtual environment in which the asset will be integrated. The goal is to minimize fees and make the platform more accessible to everyday users.
The STYLE Protocol currently supports virtual environments like Nifty Island, Decentraland, The Sandbox, MONA, and Spatial. It also allows off-chain modding for larger Web2 titles like GTA.
In addition to the protocol, the platform offers an AI 3D creator tool that generates 3D design ideas based on text prompts.
Access to the core functionality of the platform requires $STYLE tokens. The barrier to entry is currently low, with users only needing about $10 to access basic features. In the future, users will be able to stake $STYLE tokens to unlock advanced features, such as renting out their NFTs as 3D assets in other games.
Hilse emphasized the importance of sustainability in decision-making and stated that additional token utilities and a potential burn mechanism will only be implemented if market conditions support them.
He believes that Web3 and virtual gaming environments are growing in volume and user base, creating a market for infrastructure providers. The goal of the STYLE Protocol is to become the number one accessible infrastructure provider for people to bridge their virtual assets.
For more information about the STYLE Protocol, readers are encouraged to do their own research and consider this article as informational rather than investment advice.