- Lost Worlds has announced the release of its most recent beta version, LOST version 2.0, on the Avalanche blockchain.
- Users can easily mint NFTs through the Lost Worlds DApp and connect their cryptocurrency wallets for a seamless Web 3.0 experience.
- Lost Worlds offers deflationary tokenomics through “The Black Hole” mechanism, and users can earn LOST tokens by participating in quests.
Lost Worlds has released its most recent beta version, LOST version 2.0, on the Avalanche blockchain. LOST is a fully functional mobile minting platform that connects non-fungible tokens (NFTs) to the real world while increasing the value of the LOST cryptocurrency token.
The Lost Worlds mobile web DApp (decentralized app) offers users a novel way to interact with NFTs.
The DApp bridges the gap between Web 2.0 and Web 3.0 by introducing geoNFTs, a unique type of token that connects digital collectibles to physical locations, unlocking new possibilities.
Users can use their mobile devices to access the website and begin minting NFTs in minutes. The Lost Worlds platform offers a seamless Web 3.0 onboarding experience augmented by powerful anti-spoofing technology.
Users can connect their cryptocurrency wallets. If they are new to Web 3.0, they can create their wallets in less than 30 seconds using only their email address, thanks to the fast and secure Lost Worlds’ non-custodial wallet solution.
Starting today, users can now buy geoNFTs on the platform with their cryptocurrency wallet, Apple or Google Pay, or a credit card. They can also use the native LOST utility token to create geoNFTs.
All purchases are settled on the blockchain, and some projects have special incentives that will benefit LOST’s tokenomics. Lost Worlds is introducing ‘The Black Hole’ mechanism, a deflationary model that locks LOST tokens in an inaccessible wallet each time a purchase is made on the platform, gradually decreasing the total circulating supply.
Furthermore, each time a geoNFT is created or minted with a payment method other than LOST tokens – such as another cryptocurrency or cash – the platform charges a transaction fee, which is used to purchase LOST from the open market and send it to The Black Hole.
Some projects will remove three times the number of LOST tokens from circulation, causing circulation and total supply shock tied to platform usage.
Users can also participate in quests to earn LOST token rewards and non-tradable ERC-721 NFT badges, which can be used to access real-world events, token-gated drops, exclusive merchandise, online experiences, and more.
The greater the number of users who mint tokens and complete quests, the smaller the supply of LOST becomes, to increase the token’s value.
In the coming weeks, Lost Worlds intends to make additional significant partnership and platform announcements.
About Lost Worlds
Lost Worlds is the first location-based NFT platform and a significant hub for the geoNFT digital asset community.
The platform enables creators and brands to use geo-location as a medium, combining the physical and Web 3.0 worlds to add a new layer of scarcity and utility to the NFT experience.
Users can use their mobile wallet and the Lost Worlds DAapp to mint location-based NFTs in the real world. They can find NFT drops such as digital collectibles, concert tickets, merchandise vouchers, and much more.
Users can collect and trade NFTs from projects all over the world, as well as purchase them in the marketplace if they are out of reach. Also players can earn LOST tokens by minting NFTs and completing achievements, which they can use to level up and unlock new experiences.
The Lost Worlds development team is dedicated to innovating and improving the platform continuously, with plans to expand its capabilities and integrations.
Follow Lost worlds on Discord, Twitter, Instagram, and the whitepaper for the latest updates.
