MADworld is an NFT-based platform that bridges the real world to a digital one. Because of this, it has given rise to numerous new possibilities for gaming and virtual reality (VR). If you have never heard of MADworld before now, then check out our video below!
The “nft trading platform” is a unique NFT platform that bridges the real world to NFTs and beyond. The platform has already been used for some of the most successful blockchain projects.
The NFT market is showing no signs of slowing down. Metaverse games are in the same boat. People are beginning to pay attention to this rapidly emerging, new asset class in non-fungible tokens (NFTs). When the play-to-earn idea was initially launched, it stunned the entire gaming industry. Many projects seem to be following this trend and making full use of the benefits and usefulness that NFTs provide.
Even significant stock and crypto market investors are beginning to understand the long-term worth of NFTs. And how their inventive use-cases have the potential to transform the whole globe. If NFTs are employed as a means of value exchange between fans and content providers, the creator’s economy will rise by a factor of 10.
Top companies and sectors are also showing interest in capitalizing on this life-changing possibility. However, the existing market for NFTs is confined to virtual land, artwork, and community access cards. We have yet to witness real-world integration in which users can convert real-world objects into NFTs. While some provide the service, creators are not granted power and there is no DAO mechanism in place.
To solve these gaps and connect the real world and the metaverse, MADworld is developing a unique NFT platform that allows artists to easily turn their art and real-world artifacts into digital collectibles. We’ll look at the details of this platform in this post and see how it’s bringing the NFT ecosystem to the business level.
MADworld is a near-field communication platform that combines DAO, NFTs, DeFi, and near-field communication technologies (NFC). Both artists and collectors benefit from the NFTs made and exchanged on the site. In terms of safeguarding excellent artworks and time-tested artists in the business, the decentralized autonomous organization (DAO) structure is advantageous.
The goal of developing an all-in-one platform for NFTs and metaverse development is to democratize access to a creator-centric ecosystem where brand marketers may communicate directly with IP owners via a branded digital experience. MADworld brings up several commercial prospects for huge brands and sectors since real-world things and estates may be turned into NFTs and sold freely. Nike, Dior, LVMH, and Burberry are just a few of the well-known brands.
DAO voting verifies the art or digital valuables that are placed on the blockchain. Holders of UMAD, MADworld’s native token, may use their voting rights to determine if the NFT pieces pass the collateral mechanism. This approach allows artists to manage the value of their work by leveraging their community and popularity. For collectors, this also produces a capital-efficient model. Collectors may use their NFTs as collateral to borrow MADworld native tokens since $UMAD can be freely traded and swapped with other cryptocurrencies.
The platform’s efficiency is not limited by the user’s financial resources. It’s also in the decentralized database. MADworld intends to build its own central registry, which will allow users and collectors to examine token IDs as well as other metrics such as file storage and cross-chain functionality.
NFTs released on MADworld will eventually be accepted on different platforms, enabling authors to reach a wider audience. Animoca, Ucollex, and Chargespot are some of the existing cross-chain platforms that have partnered with MAD. Because multi-chain technology lowers high entry hurdles and facilitates the transfer of NFT value across multiple blockchain networks, we may expect more to be added in the future.
MADworld’s Main Characteristics
Battle of Digital Art
We’ve never witnessed a competition between artists on a blockchain platform where the only judges or assessors are the DAO members. With “Limits,” MAD is presenting a brand-new kind of art competition. The artists are given 20 minutes to produce engaging artwork based on a certain topic in this digital fight. The ultimate award is decided by the live audience. All of the fights are powered by MAD tokens.
Ucollex is a marketplace for toy art.
Ucollex is a one-of-a-kind marketplace that sells artwork by Pat Lee and Dan Fraga, two legendary DC and Marvel comic artists. The inclusion of an NFC chip is what makes this feature stand out. People who purchase physical copies of an NFT may use the chip to identify the collectable. It’s also good for the environment since it can be recycled in a sustainable manner.
MAD hopes to exhibit NFTs and attract more people to the business by using Chargespot’s hundreds of rental stations. It’s an interactive feature that lets makers and collectors reach a larger audience. All of this is accomplished via the use of augmented reality and virtual reality technologies. Users may see their NFT galleries using virtual reality headsets such as Oculus Rift or Google Cardboard.
Analysis of Competitors
Right present, the NFT market is exploding. Every major corporation is vying for a piece of these burgeoning initiatives, which are expected to see huge market demand in the near future. So, although MADworld will face stiff competition, the NFT platform, with its key differentiators and planned alliances, will play a key role in bringing brands and sectors into the metaverse.
It will also be critical to keep a careful eye on the creator’s economics. Many initiatives are already using the talents of independent artists and content producers. Since a result, greater onboarding of prominent companies and celebrities is needed for MAD to achieve sustainable development for its DAO members and artists, as it helps spread the word.
UMAD is the name and ticker symbol of Mad World’s governance token. It has a total quantity of 10 billion coins, all of which are issued at the same time. As a result, this coin does not have any deflationary or inflationary mechanisms.
In terms of token allocation, the team set aside over 10% for public and strategic private sales. This permits both private and public investors to become Mad World shareholders. Artists and other creatives get 23 percent of the supply in the form of incentives for sharing content since it’s a DAO-centric NFT origination platform.
Mad World set aside 8.45 percent of its developer money to speed up development and foster innovation in the metaverse. These coins will be used to obtain licensing, publishing, and retail relationships, according to the team. Close to 35% of the supply is held by the firm, which is allocated among the marketing fund, corporate reserve, and team members.
Mad World’s tokenomics are meant to encourage future demand while also ensuring that liquidity is available in the immediate term. UMAD tokens are unlocked by the platform’s greatest spenders. They may help by serving as a brand ambassador or by raising online engagement via special offers and deposit recommendations.
Investors perceive NFTs as having long-term potential, and most think the metaverse is only getting started. As a result, a platform like Mad World has a good place in the gaming crypto world, with many use-cases and user rewards. The team just received a $6 million donation from Animoca Brands, which is a big equity stakeholder. Master Ventures, IBC Capital, SMO Capital, Libra Capital Ventures, Chiron Partners, Lotus Asset, AC Ventures, and ZBS Capital were among the seasoned investors in the round.
After earning funds via a private auction, the Mad World team is making remarkable strides. They announced the release of MADminds, a one-of-a-kind NFT collection based on the eight greatest minds in history, at the beginning of November. There will be a total of 8,888 NFTs with distinct characteristics.
The partners at MADworld onboarded a new content creator for their souvenir NFTs relating to the Xtreme Pong Event in the second week of November. They planned to hold a tournament with a prize pool of USD 120,000 for the winner. The whole event was broadcast live on Airrack’s YouTube channel, which has over 2.5 million followers.
On the ApolloX Launchpad last week, the MADminds NFTs sold out in just two minutes. The MADworld NFT platform also passed the Certik security assessment exam.
MADworld’s NFT platform is still in its infancy. However, it is critical to emphasize what they have accomplished so far and what we might anticipate in the next year. They began the token generation event in Q1 2021, after the private sales and strategic presales. The NFT platform is also fully operational. The team will focus on building a dedicated community around the platform and running social media campaigns this year.
The full usefulness of the token and asset tokenization will be realized in 2022. In the first half of 2022, the Ucollex vertical integration and UMAD staking incentives will be accessible. After that, there are digital brand galleries. Many businesses will join this market, and MADworld will most likely be the go-to platform for converting real-world and digital assets into NFTs at that time. Finally, in 2023, there will be cross-chain cooperation across metaverses as well as a distinct B2B platform for businesses.
DETAILS OF THE IDO:
@madworldnft IDO will take place on @paid network’s Ignition, @MANTRADAO’s Zendit, and @animocabrands’ Animoca Launchpad.
More than ever, the NFT market need a dynamic NFT platform that serves both makers and collectors. MADworld is capable of all of this and more. This project has a lot of promise, not just because it includes staking and a marketplace, but also because it has a DAO structure. We’ve seen time and time again that communities are the lifeblood of any NFT. As a result, it will be very beneficial to any creative attempting to sell their artwork and physical goods. In addition, we’ve seen a developing tendency in DeFi centered on capital-efficient models. The MAD, for example, has one of the most effective collateral borrowing processes in the industry, which only a few platforms use. As a result, MAD, the Multiverse Artist Defender, may be a key participant in the metaverse game, expanding the ecosystem as a whole with new use-cases and value-generation ways for all stakeholders.
Karthikeya Gutta, a crypto writer and freelance contributor for ItsBlockchain, was born and raised in India. With in-depth analysis and research, he covers many facets of the sector. His enthusiasm for blockchain and the crypto ecosystem stems from his belief that it has the potential to transform the world and benefit millions of people.
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