TLM and Silver Backed NFT’s Are Going Live!
NFTs backed by silver and TLM for Engagement carry with them a surprising and important historical significance.
On March 31st, 2023, now Alumni Custodians on Neri (Max, Adam, and Duane) passed a Proposal for resourcing to create Syndicate-specific NFTs backed by TLM and physical silver, and distribute those NFTs through Neri-based drops to landholders. The purpose of these efforts is to increase regular engagement with AW players as well as better incentivize players to choose the lands on Neri that have these greater rewards.
After the Neri Council’s approval, LD2 minted two new NFT templates, one backed by TLM and one backed by LD2 physical silver-backed digital tokens. The TLM-backed NFTs are now ready to distribute to Neri landholders in anticipation of an example game (tentatively named Silver Mines) being placed on those lands.
The TLM version of the NFTs can serve as rewards and may be blended into silver-backed NFTs, redeemable for physical silver per LD2’s normal business practices. The TLM from the blending process can return to the landholders to be reused as rewards.
We’re thrilled to share with you an interview with the man behind the silver curtain at LD2, Extra von NotHaus! Extra (pwxue.wam) has also submitted his candidacy on Neri, where you can vote for him.
Hello Extra! Tell us a little about yourself!
My name is Extra von NotHaus and am one of the two founders of LD2 as well as serving as the Chief Executive Officer. In that role, I oversee all the non-technical operations and business/product development activities of the company. In addition, I manage relationships the length of our supply chain, and the strategic relationships, both existing and emerging.
I'd be remiss if I didn't mention my co-founder and the Chief Technical Officer at LD2, Steve Brendtro (Über Steve), an active developer with multiple NFT projects on the WAX blockchain and responsible for the NFT Backers platform (https://nftbackers.io).
How did you learn about Alien Worlds? Where are you involved?
I learned about Alien Worlds almost exactly two years ago from Duane Philippi who is one of the founders of the KROWN community. He was an early adopter of the game and walked me through onboarding and understanding the fundamentals at that time. We have initially been embraced by the Council of Neri and that is where we built the first series of our asset-backed NFTs.
What is your favorite part of the game?
The community of people that the game has brought together from diverse backgrounds and areas of interest. Given the variety of ways to utilize the game’s infrastructure, it attracts players who want to leverage that for their particular use case, and that facilitates an ecosystem where individuals who may not generally interact can be exposed to those disparate topics and perspectives.
This is a unique project, is there foundational knowledge folks might need to understand it?
LD2 is a blockchain-based digital warehouse receipt protocol that allows customers to buy physical silver and receive a digital token as a warehouse receipt instead of taking immediate delivery. These tokens are globally liquid, value-stable, low-volatility, and 100% backed by silver. LD2 tokens have their silver backing on deposit with a third-party vault that is regularly examined by an independent auditor to ensure that there is exactly one troy ounce of .999 fine physical silver in the vault for each token issued, independent of token ownership. That ownership is transferred with the tokens as they serve as a barer receipt. LD2 tokens are redeemable through the depository for the silver, which helps to build trust with token holders and structures LD2’s tokenomics and value proposition.
Why do you feel it’s important for you to do it?
NFTs have been all the rage recently but they still notoriously suffer from the inherent risk of losing most, if not all, of their value. This market price/value risk in NFTs is the key problem that LD2 will ameliorate. Unlike other backing options that rely on empty, fiat, tokens that can similarly become worthless in a market correction. The LD2 protocol links digital tokens with value-stable real-world assets. By adding value-stability to markets, digital asset owners are attracted.
Existing and future AW players/NFT holders will be the clear benefactors of this type of solution as they can feel far more confident in the long-term value of their NFTs. While market fluctuations will always have some impact on the market price of any NFT, adding a hard asset backing with LD2 creates a price floor, thereby significantly limiting the downside risk of losses for the AW NFT holder and ensuring a permanent real-world tangible value for the NFTs.
What’s your ultimate vision for a successful outcome with this project?
While LD2 is largely focused on its overarching goal of bringing this real-world underlying value to NFTs, that needs to be executed in manageable steps to ultimately be successful. With that in mind, the proceeds of this proposal are backing AW NFTs with the Trilium provided. Once AW NFT holders are exposed to this revolutionary solution and the backing of hard assets/silver it will resonate across the ecosystem.
Tell us about LD2 and the Liberty Dollar.
The Liberty Dollar was a private currency created by my father, Bernard von NotHaus, and introduced in 1998. It functioned as an alternative to the US dollar. It was backed by precious metals, such as gold and silver, and was particularly popular among individuals and groups skeptical of the Federal Reserve and the US government’s management of the economy. The currency was used as a medium of exchange like the US dollar by over 200,000 people and accepted by over 5,000 merchants. In 2003, a digital version of the currency was introduced, predating Bitcoin and all cryptocurrencies by over five years.
However, in 2006, the US government began investigating the Liberty Dollar, and in 2009, my father, was indicted on federal charges of counterfeiting. After his subsequent conviction the Liberty Dollar was shut down but the judge required all the customer’s assets to be returned.
My father finally concluded the over-decade-long legal battle with the US Government in 2017. In April 2018, LD2 was launched, utilizing the business model of digital warehouse receipts and drawing from years of operational knowledge and legal insights. This gives LD2 an edge over other asset/precious metals-backed digital tokens that have struggled to succeed.
What’s next for you?
Next for LD2 is to continue to build asset-backed NFTs within AW as we’d expect other planets, besides Neri, to begin to embrace the paradigm that having a real-world asset backing inherently increases the value of not only the NFTs but the entire ecosystem by offering a completely new type of value off-ramp.
Beyond AW, LD2 looks to greatly expand over the next year. There is still a huge market opportunity for a real, trustworthy precious metal-backed digital token. By utilizing the warehouse receipt structure, which no other token uses, LD2 can differentiate itself from the other options in the market that have yet to really resonate with customers. That expansion will be through greater marketing efforts which require additional funding resources so if anyone reading this is interested in that please contact LD2.
Are you a landholder on Neri who’s excited about these exclusive and groundbreaking TLM-backed NFT’s? Claim them at NeftyBlocks starting at 16:00 UTC on May 22nd, 2023!
Stay tuned for Part Two to this article, where we will dive into a step-by-step on how to claim these NFT’s, and blend them in physical silver-backed NFTs! Neri landholders can also contact LD2 with any immediate questions about the claim on their Telegram channel.
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