KuCoin AMA With Lovelace World (LACE) — The First Metaverse-as-a-Service Platform Allowing Creators To Easily Develop Digital Products With Gamified Rewards
Dear KuCoin Users,
Time: February 28, 2022, 11:00-12:00 (UTC)
Lovelace World creates a broad solution that encompasses the curation, conceptualization, creation, and sale of high-utility NFTs across multiple blockchain topologies. Lovelace World brings value to NFT issuers and purchasers where none had previously existed. Their “metaverse as a service” helps projects envision newfound experiences with their NFT ecosystems, increasing engagement, driving repeat patronage, and opening up opportunities for new economies and trade. Lovelace offers participants access to the world of Play-to-Earn gaming through various partner metaverses using NFTs as the conduit for gamers to enter the cryptocurrency space. Lovelace World has expressed this in our very own NFT offering – Adanimals. Owners of these NFTs earn rewards while unlocking functionality within the Lovelace and broader partner metaverses.
Official Website: https://lovelace.world/
Q&A from KuCoin
Q: What is Lovelace?
Jay: Lovelace is the first Metaverse- as- a- Service platform that allows creators to easily develop digital products with gamified rewards, leveraging proven technology and infrastructure available through the Lovelace SDK.
Q: What is Lovelace’s goal?
Jay: We are making a ‘turnkey’ solution for Brands (Fashion, Music, and Gaming) to create their own Metaversal products (P2E games, NFTs, Digital Spaces, etc.).
We bring all of the tech infrastructure, models, game engines, smart contracts, and our Launchpad, and they bring their IP, fans, and ideas.
Like Squarespace is for Blogging, Lovelace is for all things Metaverse, and our main goal is the onboarding of major brands and businesses into the space.
Q: What is the main utility behind the Lovelace World ($LACE) token?
Jay: Lovelace’s native token ($LACE) will empower creators to use a host of creator tools and build custom projects from the ground up.
$LACE will also give users a cross-chain NFT marketplace discount on transactions, access to exclusive launches on our launchpad, governance to help decide which direction the project goes in, and so much more.
We have spent a lot of time building out our value accrual mechanisms and ensuring our token utility has real-world value.
An overview of what that utility includes is as follows:
- Service and fee reductions
- Access to incentivized perks
- Access to launchpad and SDK
- Needed to stake for project and partner rewards
- Various aspects and tiers of our P2E ecosystem will require holding, staking LACE, and partner tokens
- Voting on projects to be incubated
- Treasury claims
Q: What are some examples of your products/dapps?
Jay: The one we are most excited about right now is LoveLoot, our incentivized native staking platform.
LoveLoot is designed to be a one-stop-shop for providing DEX liquidity, registering and qualifying for our LaunchPad, and participating in weekly NFT giveaways from other partners and related Metaverse projects like NetVrk, The Sandbox, Nanopass, Metroverse, and many more.
Q: How can someone get started with LoveLoot?
Jay: Users have to stake 2,000 $LACE within our dApp to get started.
Our first NFT giveaway is tomorrow, and we have over $14,000 worth of NFT to be given away, and it's typically this much or more per week.
If you are currently a $LACE staker, our March 8, 2022 Giveaway will feature:
Metroverse (1.9 ETH)
Capsule House (1.1 ETH)
2 Lives of Asuna (0.33 ETH)
15 whitelist spots for Adanimals, our NFT project releasing next month
And those who don't win but still meet the requirements will receive a Lovelace branded NFT called 'LoveKey', which is not for sale and has several secret use cases for our products.
Q: What are your other upcoming products?
Jay: The next product that will be released is the Lovelace NFT Marketplace and Launchpad.
These products combined will be considered V1 of the Lovelace Market, the highest quality cross-chain NFT tool (currently supported on 5 networks).
Q: What is Adanimals?
Jay: Adanimals is a first-party Metaverse built using the Lovelace platform.
We call it a Metaverse Playground as it focuses on many hyper-casual minigames that are all P2E enabled.
Adanimals is essentially a showcase of the Lovelace SDK, bringing together our very own tech stack to produce our premiere first-party title!
Q: What was the inspiration for Adanimals?
Jay: We were inspired by the games and universes we all grew up immersed in. The likes of Neopets and Pokemon are two worlds very close to the team's heart.
We have added our own flair, which will be seen in the development further down our roadmap when our meta and macro games are live.
Free-Ask from KuCoin Community
Q: Do you have any plans to attract non-crypto investors to join your project? Because the success of a project attracts more investors who haven't yet entered the crypto world. What are the plans to raise awareness about your project in the non-crypto space?
Jay: Yes, we do. We have partnered with both crypto and non-crypto native projects, which will be using our SDK.
One of the most exciting projects we have coming through our ranks is a major fashion brand with an existing non-crypto customer base.
We are also using non-crypto communication channels and business development tactics in order to connect our project to the wider, traditional market.
Continuing to do these things is how we plan on attracting these investors and users.
Q: What is your strongest advantage that you think will make your team lead the market?
Jay: We believe our strongest advantage comes from our experience in the industry.
Our co-founder team has previous experience building NFT projects and concepts that are still incredibly successful today.
We also have an incredibly strong development and security team that we believe adds massive benefit to the products we are building.
Q: So many projects like to speak about the "long term vision and mission," but what are your short term objectives? What are you focusing on right now?
Jay: Right now, we are focusing on our upcoming Adanimals launch and ensuring everything is safe and ready to use from launch day.
Q: Do you allow suggestions and feedback from the community? Are we allowed in decision-making? Do you put the community into consideration?
Jay: Yes, of course, we do!
Q: Do you have a token burning plan to increase the token value and attract investors to invest?
Jay: Yes, we do have numerous plans to reduce supply and increase value. We are busy working on the final mechanics of how we will be doing this, but it is in our very near plans.
Q: Where did you get the inspiration for creating Lovelace? How did you decide on this name? Can you please tell the story behind it?
Jay: We created Lovelace after bringing together the best bits and pieces of our previous projects we have built. We built Lovelace as a focused metaverse studio.
The name is a play on Ada Lovelace, the mother of mathematics.
We are also focusing on certain areas of our technological expertise on pioneering web3 on Cardano.
Q: Are there various tiers in LoveLoot with respect to the amount of $LACE tokens a user should have?
Jay: We will have a tiered system focused on being as fair as possible. We will be releasing these details in the coming weeks, so stay tuned!
Q: What are the attractive features of your project? What are the vision and goals in your project that you want to achieve in 2022 and beyond?
Jay: We believe our ability to work with partners and reskin our technology to build custom products that fit in the metaverse is most attractive.
For example, we have the ability to create custom mini-games based on a client's brand!
Q: Is there anything else you would like to share or you want us to know?
Jay: Follow us on our socials to stay up to date with the latest news, and join us on our weekly AMAs to find that hidden alpha!
Our website is also full of valuable info, so check it out at https://lovelace.world/.
KuCoin and Lovelace World have prepared a total of 20,000 LACE to give away to AMA participants.
1. Free-ask section: 750 LACE
2. AMA activity: 19,250 LACE
Activity 1 — Quiz: 15,000 LACE
Activity 2 — Price Guess: 3,000 LACE
Participation Rewards: 1,250 LACE
. . .
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