New Watch-2-Earn project LOFI will be Launched on IOST!

On August 25, 2022, ultra-fast, decentralized blockchain network IOST announced a new partnership with the Watch2Earn Project- LOFI to further expand the NFT and X2E sectors to the IOST ecosystem.

Watch-2-Earn project on IOST!

Many projects tried to become the next Axie Infinity, but in the end, the project that led the next wave of Axie Infinity was StepN. There are too many M2E projects being launched and promised to be a better version of StepN. However, IOST anticipates that the trend after StepN will start with other X2E projects.

There is a high potential for Watch to Earn space. IOST believes there are three essential elements for a successful project, and the LOFI team has determined that it has all of the followings:

• Many users in the target market.
• It should be used regularly in users’ daily life.
• Using this product should return a positive impact on users’ life.

LOFI’s target users are those who watch videos on Twitch, YouTube, or another video platform. LOFI offers users more benefits than the traditional way of watching the video. It can have a positive impact on users’ lives and has the potential to be used by hundreds of millions of users around the world.

The LOFI team will launch the first product through BSC but will later expand to multi-chain and support IOST. IOST hopes to provide high-quality DAPPs to the IOST community through this partnership, and hopefully, this will make the IOST ecosystem more diverse.

About LOFI

• LOFI is a Watch-to-Earn platform where streamers and fans engage in symbiotic relationships with tokens. We aspire to build a more productive and progressive ecosystem of live streaming based on amplifying and rewarding fans for their contributions.
• LOFI will allow fans (referred to as “viewers”) to watch, earn, and contribute to their favorite streamers with our easy-to-use app, LOFI EQ.
• Viewers earn tokens with LOFI Pods NFT while watching Twitch (support for YouTube will come at a later date) with the LOFI EQ app.
• LOFI EQ provides ‘Starter Pods,’ so users can earn $BUZZ without purchasing an NFT: Starter Pods are less efficient than LOFI Pods, and some conditions(ex: watching ads, etc.) for earning would be added.
• From the perspective of tokenomics, LOFI EQ promotes interaction between viewers and streamers based on compensation.

About LOFI Team

• GLOBAL EXPERIENCE: From Silicon Valley to Korea, China, Singapore, and Africa, we have valuable experience in multinational companies such as AWS, IBM, Louis Vuitton, Samsung
• TECH BASED TEAM: LOFI’s core AI technology is proven with copyrights, patents, and prestigious awards. You can experience our AI technology on our previous product, LOFI Station (https://station.lofi.buzz/). LOFI’s core AI technology links your face and NFT image in real-time through a single camera (available on mobile).

Official links

• Twitter: https://twitter.com/LOFI_Buzz
• Discord: https://discord.gg/lofi-buzz
• Website: https://lofi.buzz/
• Whitepaper: https://whitepaper.lofi.buzz/

If you would like to hang out with the IOST community on chat, social media, or discuss product development, we have something for everyone:

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