PlayPad: Introducing new funding models to develop the gaming and NFT market
VR has been making leaps and bounds in technological advancements.
We can already shop, listen to music, watch movies, and even use social media in virtual reality. The future is more digital than ever before.
But have you heard about metaverse? It is depicted in science fiction novels as an Internet-like network existing outside of our world.
Metaverse is a virtual reality environment that includes its user interface and networking infrastructure — explained as an interconnected network of experiences where metaverse users can create three-dimensional virtual objects and interact.
A lot of the technology powering the Metaverse is still in development and funded by venture capitalists. Its potential applications range from healthcare to blockchain; let’s focus on its blockchain functionality in the next part of the article.
Problems with current blockchain solutions
In an ideal scenario, users step into a virtual room with their friends and colleagues and join in a blockchain-based VR adventure game where they hunt for wins and treasures.
Users can then spend their winnings anytime, converting crypto to cash when they need it. For instance, users can use their cryptocurrency to buy in-game items, exclusive clothing, and even virtual land. Alternatively, users can also use it to sell items and rent them out for events.
The problem comes if metaverse is superintended by a centralized organization like Facebook or Google. Centralization presents a closed experience and adoption problem. Blockchain solutions are well suited to solve these problems.
Since blockchain is an inherently open-world technology — it gets easier to create digital economies. With blockchain-based governance, the 3D virtual space can truly transform into an interconnected network of experiences.
Right where PlayPad comes in.
Defining PlayPad and its benefits to the blockchain Metaverse
PlayPad is the first-ever IDO platform specifically developed for gaming, VR, and NFT play-2-earn projects. This decentralized platform supports multiple chain networks and ecosystems like Binance smart chain, Ethereum, Avalanche, and Polygon.
The project stands out because of its unique tier allocation system aimed at implementing fairer IDO processes.
PlayPad’s financial architecture will provide extra revenue to developers
Their goal is to build a launchpad accessible to everyone by developing a complete ecosystem inclusive of KYC procedures and game development standards.
Projects have to participate in a specific diligence and verification process to protect other developers and investors. Projects also need to stake the specified minimum number of PPAD tokens to participate.
The opportunity to invest in exciting projects allows independent game developers and other users to earn an income every time they sell their in-game assets as NFTs or trade their valuable NFT collections on the NFT marketplace.
PlayPad’s multi-chain compatibility solutions
Most current launchpads prefer to focus on just one blockchain, not PlayPad.
PlayPad is pioneering a revolutionary approach to bring NFT and multi-chain projects to the market. The only way to achieve this is by developing sophisticated bridging solutions built with multi-chain compatibility capabilities from the site.
Being an IDO platform, PlayPad allows projects to fund their work by raising funds between various EVM Blockchains.
Due to the interoperability, developers can also start projects and collect investor funds in $AVAX $HECO, $ETH, $MATIC, and $BNB.
PlayPad Token Allocation and Roadmap
PlayPad uses a day and quantity model of allocation system.
The difference here compared to other allocation models is that instead of prioritizing just the number of tokens a user stakes, PlayPad considers the participated date. This helps the platform accurately determine the IDO
For users, the benefit of buying PlayPad tokens is if anyone invests in the projects listed — they earn a passive income.
If users go further and stake the PPAD token — they get included in the IDO pool and receive benefits from the prize pool.
PlayPad is a Multi-Chain launchpad for specific projects, regardless of the blockchain used. While current platforms focus on specific chains, PlayPad can host all projects through Ethereum EVM support, regardless of their chain.
SafeLaunch is a decentralized venture capital community allowing SFEX token holders to invest in the private, seed, and IDO rounds of exciting early-stage projects, removing barriers that previously made such opportunities off-limits except to a limited number of people and firms.
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