Metaverse-as-a-Service: How Lovelace Can Spin Off Fully Fledged P2E Ecosystems
While some NFTs are catching headlines with record sales of tens of millions of USD, the vast majority go unsold due to their lack of utility or in some cases to the evident low-quality of the work that went into producing them.
Why does that happen? One of the reasons is natural: the NFT marketplaces that earn a share of each transaction regardless of the price that’s paid are not invested in the quality of the work being sold on their platform. Their primary concern is maximizing fees.
The result is the proliferation of virtually indistinguishable NFT marketplaces full of low-quality and low-utility jpegs, sprinkled with the occasional headline-stealing NFT here and there.
But this is only a small part of the potential that NFTs hold . NFTs aren’t just isolated jpegs to be used as status-affirming profile pictures. They are the building blocks of a new economic paradigm in which digital worlds come together to form the metaverse.
P2E Revolution is Here
A powerful driver of global crypto adoption in recent times has been the Play-to-Earn (“P2E”) gaming ecosystem. One needs to look no further than the example set by Axie Infinity, a P2E game that already boasts a multi-billion-dollar marketplace and which promises to lift millions out of poverty in the developing world. This success has been duly followed by hundreds of projects across several blockchains, each hoping to build from nothing into an “Axie Killer’’.
But what if they didn’t have to start from scratch? What if they could find everything they needed to take a P2E NFT-based game from concept to reality on a single platform? What if instead of looking for an “Axie Killer”, we created the Axie Multiplier?
That’s precisely where Lovelace comes into the picture.
Everything you Need to create a digital economy
As the first Metaverse-as-a-Service platform, Lovelace gives NFT projects the tools they need to create and deliver the next generation of GameFi solutions.
These projects will be able to conceptualize their unique vision with the help and expertise of seasoned NFT veterans who draw on industry relationships developed with creators, developers, exchanges over 8 years investing and building in the blockchain space, NFT marketplaces included.
Besides that, they’ll access the tools they need to execute that vision by creating ready-to-market high-utility NFTs with gamified yield across multiple blockchains with the ultimate goal of fostering the engagement and longevity of these nascent blockchain communities.
By drawing on battle-tested code, vast experience in the NFT realm, and multiple advantageous partnerships across the metaverse, Lovelace will help projects onboard the next billion users into web3, one DeFi enabled NFT at a time.
With code already launched on Ethereum in anticipation of a future expansion to Cardano — as soon as its smart contracts allow it — Lovelace will seize the opportunity to be the first cross-chain NFT marketplace with its foundation on the Cardano ecosystem.
The DeFi, NFT, and web3 revolutions are converging and Lovelace is right at their intersection. We’re bringing a working product into a massive market hungry for a catalyst to set off the next exponential wave of adoption. And we’ll do this while preserving a long-term vision that focuses on building a multi-chain metaverse.
About Lovelace World
Lovelace empowers creators to realize the potential of the Metaverse through its NFT marketplace, Play-to-Earn gaming engines, smart contracts, launchpad, and partner integrations.
Our Metaverse-as-a-Service toolkit helps creators breathe life into their NFTs, games, digital economies, and worlds across Cardano and other blockchains.
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