Bullieverse to Launch Marketplace Soon
The marketplace offers strategic advantages over a general marketplace and will boost the in-game economy of Bullieverse.
Advantages of Bullieverse marketplace
Bullieverse has announced that it will be launching its marketplace soon. Bullieverse is an open metaverse where NFTs come to life through an immersive gaming experience built on the Unreal engine. The Bullieverse marketplace is strategic because it focuses on the targeted audience and provides sustainable values to boost the in-game economy. Therefore, Bullieverse believes it would be best not to list a top-quality NFT collection on public exchanges where quality is not part of the criteria.
OpenSea, for example, is the largest NFT art marketplace by market cap, but most move-to-earn apps have noticed that an in-house marketplace brings more volume than a generic marketplace. A marketplace also has a commercial advantage in short and medium-term value for the DAO and community due to transactions of in-game assets. Therefore, Bullieverse will charge 2% for transactions on the marketplace and 2% as royalties. These charges will be made after two months of using the marketplace, an incentive to attract the community to in-game transactions.
Bullieverse Economic Model
Bullieverse is working with an economic model where the marketplace takes the central stage. The metaverse launched Bear Hunt, its first game, in Q2 2022 and is working on releasing Necrodemic in Q3 2022. The leaderboard will be released in the coming days ahead of the marketplace.
Two new features that rely on the marketplace will also be added to the metaverse. First, is the NFT levelling up, which will allow NFTs to get to higher levels and accumulate value. The second is the Battle passes, where gamers can create value for themselves through quality gameplay.
Through the marketplace, assets will have value based on the economic model of Bullieverse as against a general marketplace where value depends on demand and rarity. This will also ensure that content creators are well compensated for the value they contribute to the marketplace.