The Bullieverse Marketplace is coming to you!
Hey Bullievers
We are thrilled to bring our in-house marketplace to you. Before we jump into the exact implementation, we would like to talk about some broader trends to keep note of.
Strategic Advantage:
Opensea is admittedly the largest player by market cap, but this space is unbundling rather quickly. We witnessed that withthe move to earn apps where the in-house marketplace brought in more volumes than a generic marketplace.
We believe this is the future. It is not alright to list a high-quality art NFT collection, with a cheap derivative all on the same platform without any curation or quality criteria. Marketplaces must also start focusing on targeted audiences with high-quality assets to provide sustained value to all those involved. We believe we have a niche play, and our community deserves bespoke value addition that mainstream marketplaces will struggle to provide.
Commercial Advantage:
Apart from these broad strategic factors, we see short and medium-term value for the DAO and the community by bringing our asset transactions in-house.
Our In-game assets distributed through the loot boxes are on Polygon Network, which means cheaper and faster transactions to our community.
We will charge only 2% for transactions performed on the marketplace, and 1.5% of royalties will be charged. Sellers will benefit from these lower fees immediately.
Our Economic Model: Pillar 1
Our marketplace is our first step toward building our economic model. As you know, we launched our first game Bear Hunt in Q2 2022, and we are working on Necrodemic to be launched through Q3 2022. In parallel, we are launching the economic model elements that will add value to our NFT holders and Gamers.
While the marketplace is the first product rollout, we have a leaderboard launch in a few weeks. Through these weeks, we also look to add two key features for the community to benefit from.
- NFT leveling up — where genesis NFT holders will see their NFTs get into higher levels. Higher levels would typically mean better value accruals.
- Battle passes — that our gamers can buy and create value for themselves through high-quality gameplay.
Both these aspects of the economic model rely on our marketplace. Imagine owning a level 0 Bull NFT, and going through the ecosystem and getting an upgrade to level 5 over time. The Bull NFT is more valuable now as it is able to earn better rewards on our platform. Listing this bull NFT on Opensea wouldn’t do justice as the price will be purely decided on market demand and rarity.
With our marketplace, our assets will be priced in the context of our economic model. We believe this big differentiator will help this product stand out. As we expand our economy across not just the assets created by the Bullieverse team, but also other creators, the marketplace will play a critical role in ensuring these creators get compensated in line with the value they create on Bullieverse.
All these strategic elements aside, we have an exciting set of giveaways planned for the launch.
Keep Bullieving!
About Polygon Studios
Polygon Studios aims to be the home of the most popular blockchain projects in the world. The Polygon Studios team is focused on supporting developers building decentralized apps on Polygon by providing Web2 and Web3 teams with a suite of services such as developer support, partnership, strategy, go-to-market, and technical integrations. Polygon Studios supports projects from OpenSea to Prada, from Adidas to Draft Kings and Decentral Games to Ubisoft.
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About Bullieverse
Bullieverse is an Open Metaverse where NFTs come to life through an immersive gaming experience built on the Unreal engine. This ecosystem is rapidly expanding, with new players joining the community, and new games being created with in-game assets & fair incentives, aligned alongside Web3 ethos. Through Bullieverse DAO, Bullieverse will progressively decentralize to become a community-owned metaverse governed by the $Bull token holders.
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