OIG AMA with MetaBrands
Frumps | OIG: Greetings OIG Community! Welcome to another fantastic AMA!
We are lucky to have with us MetaBrands, The Gateway to the Metaverse!
Joining us is @inPlanB
Hi Wilson, can you please introduce yourself to our community and tell us a little about who you are and what you do at MetaBrands?
Wilson🔺| MetaBrands.io | Kuu | DeFi_Nerds: Hello Everyone,
I am Wilson from MetaBrands where I take the role of developing partnerships & communities along with several DAO members.
My background is in computational applied mathematics with a master’s degree in applied geophysics and I’m a PhD drop out.
I have been involved in the crypto space since 2017, investing, engaging, networking and interacting with several DeFi protocols… exciting stuff. Thanks to that I got invited to be part of the MetaBrands which is composed of a large group of individuals, all around the world.
Frumps | OIG: Wow, you have an amazing background! Its a pleasure to be able to talk with you and learn about your fantastic project.
What is MetaBrands? How would you define it and its mission and values?
Wilson🔺| MetaBrands.io | Kuu | DeFi_Nerds: @MetaBrands is a Metaverse Resource DAO that governs and manages assets and resources within the Metaverse in order to grow and generate yield on a monthly basis, while allowing instant exposure to the top play-to-earn ecosystems.
The project focuses on creating the Gateway to the Metaverse, by contributing and supporting existing projects and brands in the metaverse and sharing 80% of the yield generated through the monthly yield airdrops program to holders and MAGE Relic owners.
Vision and Mission is well outlined on our white paper
MetaBrands.io - Gateway to the Metaverse
the culmination and convergence of a dream world and reality. Thanks to the evolution of web3 and decentralized…
Frumps | OIG: This sounds amazing, the Metaverse is clearly a trending topic and is only going to get bigger! 80% of the yield shared is fantastic.
What problems does MetaBrands solve in the industry and how does it solve them?
Wilson🔺| MetaBrands.io | Kuu | DeFi_Nerds: Great question!
As with every captivating trend, people and companies are rushing in to capitalize on the market momentum. However, they are overwhelmed with the extensive amount of projects from which to select and often struggle to make the right choice. Many DeFi users are wary about the complexity of these systems, technology, markets, and gameplay and, in most cases, lack the bandwidth required to assemble and comprehend vast amounts of information and make the best decision for their portfolio strategy.
MetaBrands can be seen as an ally in the space to help elevate other projects and ecosystems by contributing and participating on a much higher level than an individual. Another aspect of MetaBrands is that 80% of the yield generated is airdropped to MAGE Relic holders.
Another aspect is that MetaBrands’ 12 DAO advisors have over 30+ years of experience in the realm of blockchain and cryptocurrency, providing a well-rounded knowledge and understanding to navigate the dynamic landscape….
Frumps | OIG: This is greatly needed! It is true that many people feel overwhelmed with the complexity and varity of choices in the industry. Amazing to hear the 12 DAO advisors experience!
Tell us how the Metaverse Resource DAO will work, including the selection criteria of assets and the MetaBrands Asset Management Structure
Wilson🔺| MetaBrands.io | Kuu | DeFi_Nerds: Sure
The Metaverse Resource DAO is a decentralized autonomous organization comprising of the 12 core advisors, MAGE Relic owners, and MAGE token holders. This collective will govern and manage the assets and resources within the Metaverse in order to grow and generate yield on a monthly basis. DAO participators will be able to vote and create proposals around 3 fields: Operating Protocol (Core), Contribution Strategies (Strategy), and Resource Deployment (Resource).
Some Selection Criteria Includes:
-Play-to-Earn Game with an acquirable cryptocurrency or in-game assets (NFTs)
-Strong community engagement with dynamic gameplay
-Virtual ecosystem including digital real estate with lease & resell opportunities
-Virtual economy with a native token
-Unique, multi-purpose NFTs (Collectibles, Interoperability, Real-World Utility)
Frumps | OIG:😍This is really exciting! Your criteria is very clear and the structure of your DAO is clearly well thought out!
Wilson🔺| MetaBrands.io | Kuu | DeFi_Nerds: thanks
Frumps | OIG: What is the role of the MAGE token? What are the benefits to holding this? When and where can we get it?
Wilson🔺| MetaBrands.io | Kuu | DeFi_Nerds: That’s a very important question
MAGE is the governance and utility token in the MetaBrands ecosystem. One key use case of the MAGE token is NFT minting, as the MAGE token is sacrificed or burned in order to create the MAGE Relic NFTs providing a “multipass” in the metaverse.
MAGE token is also used alongside the MAGE Relics to vote on DAO proposals — one token is equivalent to one vote. Furthermore, the MAGE token can also be used for payments, liquidity mining, whitelisting, and discounts (when used to purchase assets directly from MetaBrand’s Treasury).
The official MAGE Token is scheduled to launch on December 16th on Uniswap.
Frumps | OIG: Wow, the utility of the token is massive!
Can you also tell us about your NFTs? What are the benefits to holding them? Where will we be able to get them?
Wilson🔺| MetaBrands.io | Kuu | DeFi_Nerds: There are 3 different MAGE Relics and MAGE Ranks: Master, Oracle, and Archmage.
Each relic has its own benefits and they are also upgradable to the highest tier, Archmage.
Simply by holding the NFT in your wallet, you are eligible for the monthly yield airdrops, DAO permissions, and also access to @MetaBrands Ventures which is dedicated to projects related to metaverse and play-to-earn model.
MAGE Relics are stackable, meaning that one wallet may hold as many relics as desired and receive all of the complementary benefits.
You can see these relics as Multipasses in the metaverse such that they will be granting different utilities in different ecosystems.
Frumps | OIG: Again, this is incredible, you have really designed these NFTs in a way that makes them extremely valuable to have!
We can see that MetaBrands have achieved a lot already, what are you most proud of so far?
Wilson🔺| MetaBrands.io | Kuu | DeFi_Nerds: Reflecting back to 4 months ago when this idea was at the beginning of conception, we’ve actually accomplished everything we had hoped for plus more and saw that the demand for MetaBrands was overwhelming.
I would say that I’m extremely proud of our DAO and how quickly we’ve been able to execute and deliver. With our collective skill sets and soon to be community of Relic owners, @MetaBrands has curated a strong pool of talented individuals that are valuable assets to support our partners or upcoming projects that we plan to incubate and participate in.
We’ve already secured 2 partnerships with 2 upcoming metaverse projects, each having our own unique “headquarter” where mage token holders and Relic owners can come and discover some amazing surprises inside! Furthermore, we’ve already secured a Revenue Sharing Investment in one project where all relic owners will be able to share a % of all fees generated by in-game activities. Relic owners will soon be able to participate in the token sale of this project as one of the earliest backers due to our strategic value offered for this project.
Frumps | OIG: You have achieved so much and you are so early in your journey! This answer has got me so excited to see where you are going to go in the future!
Wilson🔺| MetaBrands.io | Kuu | DeFi_Nerds:
We’re very excited as well
Frumps | OIG: What things have you got coming up in your roadmap that you feel our community should know about?
Wilson🔺| MetaBrands.io | Kuu | DeFi_Nerds: Nice question
Besides the IDO on TrustPad (12/11), it’s the MAGE Relic minting and marketing awareness campaigns and the launch of MetaBrands Ventures (private allocations for Relic holders)
Also, the deployment of the Axie Infinity scholarship program which will start to generate yield to Relic holders.
Please, have a look at our roadmap
Frumps | OIG: There is just so much exciting things happening with MetaBrands, I fully recommend the OIG community check out your Roadmap!
Well @inPlanB , its time to hear what the community wants to know!
Wilson🔺| MetaBrands.io | Kuu | DeFi_Nerds:
Community Twitter Questions:
Question 1) @chungngo13
Many people want to learn about your project but they have problems with English, so do you plan to spread awareness about your project in different countries where English is not good? Do you have a marketing strategy aimed at developing many different communities?
Wilson🔺| MetaBrands.io | Kuu | DeFi_Nerds: That’s a great and very important question
We all know blockchain by nature is inclusive, non-discriminatory, and permissionless in access. However, in certain circumstances, it can also be restrictive. That can be because of the chosen language, the user interface, the portal it is hosted on or anything else for that matter. Since the rise of the internet, the world became more connected and has chosen to do that via English. That is whichever way you look at it the lay of the land. We are very much aware of this possibly excluding an audience, and we will certainly try to be as accessible as possible.
At the moment we do have the whitepaper available in 4 languages next to English, namely Spanish, Portuguese, Vietnamese and Japanese. Not enough but a start! As we are also a new and developing portal, we are also learning where and how we can best and easiest interact with you, our community. Let us know!
Frumps | OIG: Great to hear you are open to suggestions. You have clearly considered this in detail.
Wilson🔺| MetaBrands.io | Kuu | DeFi_Nerds, [8. Dec 2021 at 22:42:32]:
yeah. community is everything to us
Question 2) @TanjinJahan4
Smart contracts are susceptible to failure and many projects fall victim to this, costing users money and the project discrediting. How reliable and secure is your smart contract? Have you tested it through any of the parties?
Wilson🔺| MetaBrands.io | Kuu | DeFi_Nerds: Very important question
Security is top priority for any project, and that is not different for us. MetaBrands’ smart contracts will go under audits to ensure a higher level of confidence.
For extra security, @MetaBrands will make sure that the Relic NFTs are verified on NFT marketplaces to be adamant about sharing with our community about the proper contract address and be careful of scams. We can provide guides and insight on how to verify our NFTs are in fact from the original contract address.
Frumps | OIG: Again, clear to see this is an area you are going to excel at!
Question 3) @Puja0211
What are the key features of “Metabrands” technology and products that you believe will help you succeed? How would you earn revenue to support the project’s development, and what strategies do you have to attract more users in the future?
Wilson🔺| MetaBrands.io | Kuu | DeFi_Nerds: One of our favorite aspects of MetaBrands is really the meaning behind the name. MetaBrands, contributing and supporting brands (ecosystems, projects, games) that we feel are meta. This is one unique aspect about MetaBrands is that it actually thrives off creating symbiotic relationships with other projects.
MetaBrands has created a series of strategies, both short-term and long-term, that will leverage the talented network of gamers, developers, artists, advisors, DeFi participants, and marketers within the community to provide access to assets, skills, and essential resources needed to bring specular ideas or projects to life.
Frumps | OIG: It's great that your aim is to grow and connect with other projects, this will benefit the whole industry!
Well @inPlanB this about sums up our time here at the OIG Main Stage. I am absolutely blown away by your project! It's been amazing to hear about MetaBrands. Are there any final words you would like to leave with our community?
Wilson🔺| MetaBrands.io | Kuu | DeFi_Nerds: I just want to say thank the OIG community to spend the time and learn more about @Metabrands.
I’m dropping some links for the OIG community to check @MetaBrands more deeply
Telegram (Announcements): https://t.me/MetaBrandsAnn
White Paper: https://whitepaper.metabrands.io
Pitch Deck: https://tinyurl.com/MB-PitchDeck
OpenSea Collection (MetaBrands Alliance): https://opensea.io/collection/...
Frumps | OIG: It's been a pleasure, thank you again. Thank you to the OIG community for your support and brilliant questions. See you all soon and stay blessed!