Metaverse, much like Web3, is slated to be a radical technology that would change the way society functions and a burgeoning technology in itself, NFTs are rapidly becoming indispensable for building these digital worlds. More users, creators, and designers are flocking to the metaverse space as several established corporations throughout the globe recognize its promise creating a niche market for organizations constructing peripheral products to engage the developing ecosystem.
MetaPrints, what does it do?
A decentralized autonomous organization (DAO), MetaPrints produces, distributes, and invests in NFTs used in blockchain and metaverse-based games. The organization’s goal is to establish the standard blueprint among the leading metaverses to hasten the adoption of new brands while maximizing the utility of its community-owned assets to earn and distribute revenue to token holders.
The main objective of MetaPrints is to increase the interoperability of NFTs used in metaverse projects. The foundation will purchase virtual land across various projects, raise the value of the land, and hold assets through virtual estate development for businesses, projects, and artists to generate recurring income from rentals and asset creation.
MetaPrint is a part of the Animoca Brands family, a significant leader in the digital entertainment, blockchain, and metaverse space, and the parent company of the most successful metaverse project, the Sandbox.
Over the past several months, the NFT market has expanded at an astounding rate. Over $17 billion in transactional volume was recorded in the industry in 2021, representing a YoY growth of 21,350 percent, while the secondary market generated $5.4 billion in profit. Since 2020, both the number of wallets/users and transactions have increased at a phenomenal rate, but recent unfavorable macroeconomic conditions and extremely volatile cryptocurrency market prices have led to somewhat subpar 2022 statistics.
Within the NFT space, metaverse-related NFTs initially registered slow growth, but the subsector witnessed an explosive expansion in the final few months of 2021. Metaverse NFTs transaction volume crossed $500 million as around 54,000 owners across 14 distinct projects made a profit of over $250 million. The Sandbox project accounted for more than 50% of market activity in 2021.
Platform Functionalities, Features, and Architecture
MetaPrints business model brings value to all stakeholders within the ecosystem through an innovative build-to-earn approach.
Brands utilize blueprints created by MetaPrints to create a universal brand identity across different metaverses. As per the brand’s requirements, MetaPrint facilitates asset development through Creators, which then could be placed across various Metaverse projects. These assets developed then can be purchased or leased by Metaverse Users.
The platform offers two primary utilities to its owners. MetaPrint NFT owners get 20% from the asset sales tied to the brand and get exclusive whitelist access to content reveal and brand assets sales.
MetaPrints also intends to derive revenue through virtual assets management through its treasury division.
MetaPrints Treasury focuses on the purchase, management, creation, and selling of virtual assets across established as well as promising metaverses in nascent stages. The treasury department will be involved in:
- Purchasing virtual goods from the metaverse, such as land and in-game currency (such as Sand and Mana);
- Adding IP to the property to raise its worth; and
- Renting out a portion of the property for monthly income.
- Managing locked, vested, and undistributed tokens of all parties;
- arbitrage farming to maximize returns;
MetaPrints also provides a community for millions of budding metaverse creators.
- The community gets to participate in the DAO by voting on the platform changes and proposals.
- Creators can collaborate on asset development projects, while those new to the industry get access to an academy to learn.
- The DAO can coordinate the gamers in the community to engage in active art production in the metaverses enabling yield arbitrage opportunities.
Accomplishments and Timeline
MetaPrint envisions a future where virtual economies will eventually become comparable to real-world economies and wants to build the standard blueprint between the preeminent metaverses to accelerate brand adoption by consolidated asset development practices. We at Mapleblock believe that MetaPrints’ vision firmly aligns with our investment philosophy.