Details
PixelPlex helped the client finalize their project vision and establish the technical architecture for their metaverse platform comprising multiple cities with different experiences as well as assisted with project development.
The client saw strong potential in the metaverse concept since it introduces users to the blockchain, decentralized systems, and NFTs, while incorporating gamification and entertainment. Moreover, the metaverse opens up a lot of revenue streams such as selling merchandise, setting up hubs for playing VR games, token trading, and advertisement placement.
With only a rough idea for the project, the client needed help finalizing their project vision, analyzing the market competitors, specifying functionality, and creating platform architecture.
After evaluating several vendors, the client entrusted their project to PixelPlex due to our solid expertise in blockchain and metaverse development.
The PixelPlex team helped the client establish the project vision and scope for UFORIKA — a decentralized metaverse presented as a web application.The UFORIKA metaverse will comprise 7 cities, each with a specific focus, including a battle stadium, residential area, fitness center, entertainment activities, and an educational area.Our team established the key features for the solution’s MVP and subsequent releases, and finalized the project's tech vision. We also helped the client develop smart contracts and a UFORIKA wallet.
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To finalize the project vision and map out relevant features, our consulting team performed a thorough discovery session during which we:
Based on the results of the discovery session, our technology and business consultants provided the client with recommendations on establishing a solid project vision.
Start with the development of the metaverse-based game right away.
Follow an incremental approach.
Start with the development and audit of smart contracts and the creation of solid documentation.
This will help minimize risks and distinguish the project from fake initiatives and increase trust in it. It will also help build a strong community around the project.
Use the project’s native tokens —$FORA — as a part of their monetization strategy.
Create a $FORA contract and implement a crypto wallet in advance.
This way the client will be able to efficiently organize presale rounds by enabling users to purchase $FORA tokens through a crypto wallet.
Implement NFT staking to enable users to generate passive income while increasing the token price as more users buy $FORA.
Design the staking strategy with fixed and dynamic annual percentage rates, withdrawal fees, and payout rules.
Add new strategies, such as adding staking rewards particular to each city in UFORIKA, implementing a DAO pool with participation in DAO granted to real estate token holders, etc.
The developed strategies will help incentivize users and maintain their interest in the project while creating additional revenue streams for the client.
One of the client’s requirements was the creation of the platform’s native token and token economy. Therefore, our team prepared a token vesting and allocation strategy that included:
Our blockchain consultants came up with efficient token use cases and monetization methods for UFORIKA. These included:
Together with the client, we elaborated on each feature of the platform and defined the functionality that would be a part of the MVP and subsequent releases.
Some of the key features of the project are:
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The client entrusted the entire tech vision implementation to our team, including choosing the optimal blockchain, designing platform architecture, and mapping out tech stack and third-party integrations.
Our team performed an analysis of more than ten of the most popular blockchains on the market, considering criteria such as consensus mechanism, transaction speed and fees, NFT minting costs, etc.
Then we mapped the client’s requirements to our findings, ultimately choosing the Polygon blockchain for implementing the solution. Some of the key reasons for selecting Polygon included:
Based on the required functionality and future scalability plans, our tech specialists suggested adopting a microservices development approach.
As a result, the components of the system will be developed as independent modules that have certain limited functionality and external interfaces for communicating with each other.
The future platform will have 4 main levels:
Our tech architects have compiled a list of technologies suitable for solution implementation, including:
Our team has also offered third-party solutions required for the project’s development, such as
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The audit confirmed that the smart contracts codebase is straightforward and conforms to the latest security guidelines.
Multiple metaverse cities with a specific focus (game battles, education, fitness, etc.)
Engage-to-earn mechanics
Real estate plots providing users with different revenue opportunities
NFT marketplace where users can buy plots, animal-like creatures for battles, and other game attributes
Crypto wallet for seamless transactions and token trades