Matryx is an online decentralized platform or network for collaboration. This collaborative platform helps the users in earning various rewards, sharing the results and solving the problems. It uses the technology of blockchains to perform validation of contributions made by each and every active participant in the platform. It performs the addition of each and every submission to the marketplace and matrix library, in order to facilitate purchases that are to be held in the future. It comes under the categories of VR and gaming. It is comprised of the following three essential aspects:

  • An efficient marketplace
  • Digital assets library and
  • A bounty system.

 

“Our goal is to make Matryx the de facto standard for decentralized collaboration, proving that a global community of collaborators will yield innovation faster than work attempted in siloed teams,” said Steve McCloskey, Chief Executive Officer, Nanome.

“Matryx aims to create an environment that encourages healthy competition and the open exchange of ideas for critical fields like math, science, technology and engineering. By leveraging Blockchain-based bounties, we’re also able to reward contributors openly, encourage future collaboration, and evolve the platform as user needs demand.”

 

Matryx is basically a Nanome product, where Nnanome creates a link between research, engineering, and science with the help of blockchain technology and virtual reality. Nanome had created a VR interface known as Nano – one and a VR mathematics toolkit known as Calcflow. The major motto of Matryx is to establish STEM and knowledge collaborations. It requires resources that satisfy the R & D demands, in order to reach its motto.

 

Steve McCloskey is the Founder as well as the Chief Executive Officer (CEO) of this platform. The matrix tokens are usually referred to as MTX tokens, which are nothing but ERC -20 tokens. The major responsibility of these MTX tokens is to sell, purchase or remix assets.

 

Best Matryx Wallets for MTX Tokens:

Matryx Token known as “MTX is an ERC20 token which is supported by following list of wallets:

Read more for full List of ERC20 Wallets.

 

Best Exchange to Buy Matryx (MTX) Tokens:

Matryx token is listed on few exchanges but most of the volume is coming from the Huobi only. Below is the recommended exchange for trading MTX:

 

Significance of blockchains:

The blockchain smart contracts overcome or avoid the friction due to tracking and contributors’ compensation. The winners are getting rewarded at the end of each and every round of the bounty competition. Also, the creation of new generation will happen after giving the rewards. The tournament contracts are responsible for the management of those iterations done across the platform.

 

Unique features of Matryx:

  • It is an innovative and research – oriented ecosystem with a variety of ideas and public collaborations.
  • It offers several rewards and bonuses to its valuable contributors. It uses MTX tokens for providing those rewards.
  • It allows open access to its users since it is a highly transparent platform.
  • It is highly flexible in nature and it leverages system with smart contracts.
  • It allows anyone to post matrix bounties.

 

How does it actually work?

Matryx uses smart contract systems (via Blockchain) to generate bounties and incentivize solutions. Problems will be posted, along with a bounty for a verified solution, users can collaborate to solve these problems, share results, and win a reward for contributing their effort. All submissions received by them will be added to the library and marketplace for future purchase through MTX tokens. By using a token, Matryx can support ongoing upgrades, and platform features and improvements, as user demands dictate.

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