Review Lovelace ($LACE) – A decentralized financial payment network
Lovelace created a fully differentiated NFT Platform which includes creator tools that reflect next-generation GameFi (Defi+Gaming) Play-to-Earn concepts.
Concept project – What is Lovelace?
Lovelace is a decentralized financial payment network that rebuilds the traditional payment stack on the blockchain. It utilizes a basket of fiat-pegged stablecoins, algorithmically stabilized by its reserve currency LACE, to facilitate programmable payments and open financial infrastructure development.
What is the project trying to achieve?
By building Lovelace aim to:
- Provide a full-service NFT platform designed to enable creators and brands to build utility into their digital products
- Provide unique, first party Play-to-Earn NFT experiences
- Bridge the gap between traditional gaming and finance
- Improve imperoperability between legacy Networks and the Cardano Blockchain
- Pioneer NFT development, infrastructure, standards, and utility on Plutus (Cardano Smart Contracts)
What is unique selling point?
It is built on an ecosystem of robust smart contracts that are responsible for the listing of NFT assets, management of NFT staking and reward programs, management of purchases, auctioning, transfers using NFT, and standard fungible tokens, and establishing of NFT metadata on IPFS within the Lovelace platform.
Off-chain data (e.g. User accounts, unfulfilled bids, etc.) will be managed by a centralized backend system that powers non-blockchain applications as well as the user interface.
Lovelace by creating a broad solution that encompasses the curation, conceptualization, creation, and sale of high-utility NFTs across multiple blockchain topologies, bring value to NFT issuers and purchasers
Lovelace empowers creators to realize the potential of the metaverse through its NFT marketplace, Play-to-Earn gaming engines, smart contracts, launchpad, and partner integrations. “Metaverse as a service” helps projects envision newfound experiences with NFT ecosystems, increasing engagement, driving repeat patronage, and opening up opportunities for new economies and trade. Develop or participate in NFT experiences, play-to-earn games, digital economies, and worlds across Cardano and other chains using Metaverse-as-a-Service toolkit:
- NFT marketplace: Present and sell NFTs
- Smart contracts: Mint and add utility to NFTs, incl. DeFI attributes
- Play to earn gaming engines: Create own blockchain mini-games
- Partner integrations: Integrate NFTs and games across the metaverse
- Launchpad: Raise awareness and capital, and launch blockchain game or NFT collection
- Cardano connector: Enable the porting of Ethereum NFTs to Cardano and other blockchains to increase value and community size
- Token Name: Lovelace
- Ticker: LACE
- Blockchain: ADA
- Token Standard: ERC20
- Contract: Updating…
- Token type: Utility-token
- Total Supply: 250,000,000 LACE
- Circulating Supply: Updating…
Token use case
Purchase $LACE tokens to benefit from the following:
- Discounts on NFTs and transaction fees
- Access to IDO and INO launchpad
- Play to Earn game transactions
- Native staking
Lovelace IDO Whitelist
- IDO Date: Tuesday, November 23rd
- Initial market cap: $397K
How to own the token?
Markets and Community
Lovelace has crossed the mark of 67,000 Followers on Twitter.
Conclusion and analysis
Lovelace is focused on the Cardano ecosystem but will support many networks such as Ethereum, Binance Smart Chain, Polygon, Solana, and Astar. This project breathes new life into an industry that was relegated to collectibles and digital art, with the full support of robust blockchain technologies. Help shape the next generation of NFTs to provide more value for their creators, owners, and users alike.
Find more information about Lovelace:
If you have any questions, comments, suggestions, or ideas about the project, please email [email protected].
DISCLAIMER: The Information on this website is provided as general market commentary, and does not constitute investment advice. We encourage you to do your own research before investing.