What is Lepasa Foundation?
Lepasa Foundation will ensure decentralization of the authority & governance of the project & eventually lay the foundation stone for a larger audience to adapt cryptocurrencies & take advantage of enormous possibilities.
By introducing not-so-complex digital concepts in the forms of NFT & DeFi solutions the ecosystem being built in the crypto valley will facilitate mass adoption of blockchain & cryptocurrencies.
Lepasa Foundation building an ecosystem that will bring everyone together who believes in innovation to join the Crypto & NFT revolution. The world is moving on to witness an unprecedented pace. With Lepasa, you can experience all possible opportunities and fun.
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What is Lapasa?
Lepasa is a mythological virtual life conceptualized by a team of artists and engineered by blockchain enthusiasts. The vision is to establish an ecosystem that allows users to create, experience, and monetize their content and applications. Every piece of creativity in Lepasa is an NFT token (ERC-721) and is always owned by its holders on the ethereum blockchain, giving them full control over wherever and whatever they want to use it for. The creature is a non-fungible, transferrable, scarce digital asset stored in the Ethereum smart contract.
Unlike other virtual properties, Lepasa is not controlled by a centralized organization. There is no single authority with the power to modify the rules of the software, contents, economics of the tokens, or prevent others from accessing them.
Vision of Lepasa
The vision of Lepasa, is to create a mythological world that habitats beautiful legendaries. Which will offer a social experience with an economy driven by layers of land and unique creatures ownership, with content distribution. Developers will be able to create applications on top of Lepasa, distribute them to users, and monetize them.
Lapasa in 3D Land NFT
The scripting system is the tool that landowners can use to describe the behavior and interactions of 3D objects, sound, and applications running on land blocks. The planned zones and their capability of development on top of land will make Lepasa land blocks unique. Every land block would be defined with a unique address with devoted characteristics of the area. This will help for the spatial discovery of new content and the creation of a special theme. Blocks in Lepasa have a fixed amount of adjacencies.
Additionally, the content of adjacent blocks can be seen from a distance. For content creators, the establishment of zones provides access to targeted traffic; for end-users, it enables the discovery of themed experiences. Users can travel through neighborhoods and interact with applications that they stumble upon. Developers can acquire users by purchasing land in high-interest areas. This will allow secondary markets to develop around land ownership and rentals, as is already happening on other virtual world projects.
Lapasa Ecosystem
Lepasa’s value proposition to application and game developers is that they can fully capitalize on the economic interactions between their applications and users. To allow those economic interactions, the platform would allow three things to be traded: Crypto Tokens, Digital Goods, and Services. A core system can be integrated that allows global, instant, and cost-effective settlements between any two users on the internet.
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Use Cases of Lepasa
Applications & Games - The scripting language would allow to develop of the applications, games, gambling, and dynamic 3D scenes and to handle a wide range of capabilities, including creating objects, loading textures, handling physics, encoding user interactions, sounds, payments, and external calls, among others.
Advertising - Brands may advertise using billboards near, or in, high-interest land blocks to promote their products, services, and events. Some neighborhoods may become virtual versions of prominent locations for advertisers because of the high interest of users. Additionally, brands may showcase products, services and create shared experiences to engage with their audience.
Digital Collectibles (NFT) - Lepasa expects users to publish, distribute, and collect rare digital assets issued by Lepasa and the other blockchain projects by their creators. Just as it occurs today in other virtual worlds or through online forums, these digital assets would be traded inside this world through the scripting system and be backed by the aforementioned naming system.
Socializing - Groups that currently gather in online forums, chat groups, or even other centralized multiplayer games could port their communities into Lepasa. Offline communities could also find in Lepasa a space to gather and interact. For example, Facebook has a large number of users from around the world and it gives them the ability to create groups, applications, and sub platforms, where they interact for their objectives. Similarly in Lepasa users should have even better opportunities to explore.
Tourism - Virtual Tourism is something that has a strong future. When artists across the globe can inhabit their imaginations on the Lapasa platform, it brings possibilities even for school students and researchers to visit Lepasa for learning, training, and adventure
E-Commerce - Online shopping on websites and mobile is very well established to the core of every corner across the globe, Possibility of a large number of Lepasa habitants can inspire global sellers to sell real stuff to the users by their virtual store on the platform. Other virtual world games have witnessed this already.
How Does it Work?
The proposed protocol has 3 divisions
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Registry Layer - This layer records permanent data of landowners and their content. Ethereum smart contract (ERC-721) to maintain a ledger of ownership records for land blocks. These non-fungible digital assets can be called LAND: each LAND has unique coordinates, an owner, and a reference to the content description file, which encodes what the landowner wants to serve there. Lepasa clients will connect to the Ethereum network to fetch updates to the state of the LAND smart contract.
Content Layer - Lepasa uses a decentralized storage system to distribute the content needed to render the scene. For each block that needs to be rendered, a reference to a file with the description of the block’s content is retrieved from the smart contract metadata. As of today the Inter-Planetary File System (IPFS) that provides a mature solution for the requirements, shall be used.
P2P Layer - Peer-to-peer connections are required to provide interactions between users, as well as programs that the landowner wants to run inside the block. To coordinate the bootstrap of peer-to-peer connections, landowners will have to provide rendezvous servers. The social experience of users in Lepasa will include avatars, the positioning of other users, voice chat, messaging, and interaction with the virtual environment. The different protocols used to coordinate these features can work on top of existing P2P solutions like Federated VoIP or WebRTC.
Tokonomics
LAND is claimed by LEPA, a fungible ERC-20 token of fixed supply. And every swap burns LEPA to create scarcity of the token. This token serves as a proxy for the cost of claiming a new land block. Lepasa’s value proposition to NFT holders is that they can fully capitalize on the economic interactions on several NFT trading platforms. NFTs are based on Etherum — 721 blockchain and can be collected by $Lepa tokens, An ERC-20 tokens available on crosschain platforms.
Conclusion
NFTs are creating opportunities for all kinds of creators (visual arts, game designers, musicians, etc.) and unlocking new revenue streams. Part of what makes them so exciting is the variety of assets they can represent: virtual collectables, game items, digital artwork, event tickets, real estate, identity documents, certifications, and more. The NFT market is exploding right now, as early adopters and Cryptocurrency enthusiasts try to cash in on the trend. Lepasa NFTs are limited edition and unique. There no single replica of one. All of them are game ready that means when you get Lepasa NFTs, They are not just JPEG images but you get actual source file and they have capability to be animated as per user use case. Lepasa NFTs can be animated and easily used in videos/movies, Art and other gaming projects.
Read More Here
Website: https://www.lepasa.com/
Twitter: https://twitter.com/lepasaorg
Telegram: https://t.me/lepasa_discuss
Author
Forum Username: Cikakakz
Forum Profile Link: https://bitcointalk.org/index.php?action=profile;u=2519101
Telegram Username: @Cikakakz
ERC-20 Wallet Address : 0xb957e1e53CAC5DCaD35236C3DF3e5c2E2267Ad35