Design and Concept
Last updated
Last updated
Since Facebook changed its name to Meta, the term “Metaverse” has been used frequently. There are a large number of Metaverse projects that are established every day, but none has emerged as the clear winner. It is possible that the technology is not yet ready for widespread adoption. We hold differing views. The Internet should serve as an illustration of how the Metaverse actually operates. When it occurs, it will be utilized everywhere without your awareness. And that is currently occurring on Blockchains.
Most people believe that Blockchain is concerned primarily with Cryptocurrency. However, it is more potent than that. Blockchain is analogous to a new standard on top of the internet that requires all users to utilize the same metadata. All cryptocurrency tokens are compliant with the ERC-20 standard, whereas all non-fungible tokens are compatible with the ERC-721 or ERC-1155 standard. Anyone can develop the next NFT marketplace in the style of Opensea without requiring NFT creators to submit their products for inclusion. Defi or decentralized finance product creators can be created easily by any business or DAO due to the same user interface of all tokens. Consequently, the largest decentralized exchange, Uniswap, may swap any Ethereum token without ever contacting the token’s developer. Additionally, anyone can construct an application on top of an already-established one, and so on. Similar to 1inch, which aggregates liquidity from DEXs such as Uniswap and Sushiswap. Additionally, smart contracts allow anyone to build a new user experience on top of them, such as when venus.finance designed a more intuitive user interface for the original venus.io smart contract.
Blockchain and Smart Contract is already a Meta, and we are constructing a universe that unifies everything that has been developed on it. This is how we build the Metaverse.
Bill Gross, who has established numerous startups and incubated a large number of others, previously presented a TED Talk about the most crucial aspect of a successful startup. He stated that five criteria determine a company’s success. Idea, Team, Financial Model, Funding, and Timing. In addition, he stated that Timing accounts for roughly 42 percent of corporate success. In 1999, he founded Z.com, an online video streaming network similar to YouTube. In 2003, his business folded. After internet connectivity began to gain in popularity and Adobe Flash made it simple for any computer to render video, YouTube was launched successfully just two years later, in 2005.
The majority of metaverse projects use a 3D internet platform or may require VR headsets. But how many people in the world have VR headsets or powerful computers capable of running 3D internet games? However, everyone has an internet-connected mobile phone. They are prepared to utilize any newly launched internet platforms. This is why we designed our Metaverse in isometric 2D rather than 3D and made it mobile-friendly.
The majority of Web 2.0 users find it intimidating to invest their money in something they don’t fully comprehend, which makes purchasing cryptocurrencies difficult. We utilize a cashback business model to enable users to purchase anything in real life at any ecommerce of which they are already a member and receive cashback in cryptocurrency in order to test out web3 and the metaverse and gain an understanding of how they function.
The cryptocurrency cashback will not be created out of thin air. This system’s core principle is that we receive a commission fee from ecommerce platforms with whom we have linked because we attract customers to them. We use the cashback to buy PBUX tokens at the current market price and distribute them to users.
We have linked more than 20,000 stores across the globe that allow users to earn cashback. The shop will be customized to your location.
Any Web 2.0 or Web 3.0 online platform can be integrated with the Playbux metaverse. We are able to turn any platform to building and provide our users in-game applications. Without leaving the metaverse, a user can access our virtual world, hang out, socialize with people, and use any integrated applications. At the alpha launch, 1inch, The best DeFi aggregator on the BNB chain, was integrated. Users can use the 1inch swap service within the Playbux metaverse.
Everyone will possess a room and be able to personalize it. You may invite your friend to your room to hang out. Community owners can either form a partnership with us or acquire a larger structure for their members to use. Projects who have a smart contract will be able to incorporate it into their Playbux space and allow users to access it from within the platform. There will be both NFT and standard digital decorating. Space-related information will be published in the near future.
Tokenomics is a crucial aspect that determines a project’s long-term viability. The issue with the majority of inflationary tokens is that they lose value over time. Some projects inflate a secondary token so as not to affect the governance token or the primary token. However, it will not fix the problem, as the secondary token will continue to lose value over time, harming its holders. We chose the dual token structure, but add a twist by making the secondary token royalty points that users are unable to withdraw or spend on withdrawable items. Consider it similar to the in-game cash of an online game that cannot be withdrawn once earned. Thus, users that primarily utilize the Metaverse as a game will not be affected by the price drop.
SDK program will enable game developers from all around the world to create their own games using the Playbux environment and place them in our game center. Playbux and the game’s creator will split the profits from the game they have made. With the help of this concept, users will become creators, and Playbux will serve as a platform for them to showcase their idea and creativity.
