Eroverse relaunch & rebrand announcement

It has been 16 months since we successfully conducted the Eroverse ICO in Pinksale. People in the crypto space were looking for a trustworthy project and we were highly motivated to bring our ideas to a working product. And so, we did!

From the very hectic initial months promoting the project while working with several influencers and adult content creators, we delivered 4 NFT collections, EroversePlay, and built the foundations of our non-released NFT marketplace. We also started working on proofs-of-concept related to VR games that could expand our ecosystem further. Our roadmap was ever-developing and expanding.

While our launch was successful, things did slow down over time. Our marketing efforts were not having any effect and continuing to do so would have only meant burning our development budget. The bear market that started in November 2021 right before the project launch forced us to aim for the long run and focus on developing new features and improving our platform. However, marketing efforts were halted, and our staff was reduced in the interest of keeping our financials healthy.

It is for these reasons that bold decisions need to be made to continue with the project and not let our efforts go to waste. We do see an opportunity in revisiting a few aspects, such as the following:

• Rework our business model to ensure profitability.

• Remove transaction taxes to make our token more interesting for exchanges and trading in general.

• Focus on more and different client segments.

• Add more use cases to our ecosystem that not only focus on visual novel games. There is a potential for innovation in areas like Web3, AI, and VR.

• Develop a multi-chain token from the start.

• More, to be announced in our roadmap.

What’s next?

To regain our momentum, it is key that we relaunch our governance token, Eroverse. Since we are envisioning a rebrand, the new token will have a different name.

We will take a snapshot of all Eroverse holders on a date to be announced soon. As soon as our preparations are ready and the market conditions favorable, we will launch a new token, which will be airdropped to the Eroverse holders captured on the snapshot. This way we ensure we can fund our future development by attracting new investors, while keeping value for our long-term holders.

NFT collections and all developments (EroversePlay, NFT Marketplace) will be adapted to work with the new token and brand. Additionally, Eroverse holders at the time of the snapshot will receive brand new NFTs to identify and reward them in the future.

As an investor and supporter reading this, we would like to thank for helping us continue with the project.

Stay tuned for more information on this matter.