March 30, 2023 – New York, United States
Lost Worlds is announcing the launch of its latest beta version LOST version 2.0 on the Avalanche blockchain.
LOST is a fully featured mobile minting platform linking NFTs (non-fungible tokens) to the real world while adding value to the LOST cryptocurrency token.
The Lost Worlds mobile web DApp (decentralized app) provides an innovative way for users to interact with NFTs.
The DApp bridges the gap between Web 2.0 and Web 3.0 with a real-world use case for NFTs by introducing geoNFTs, a unique form of token that links digital collectibles to physical locations, unlocking new possibilities.
Users can visit the website on their mobile devices to start minting NFTs within minutes.
The Lost Worlds platform features a seamless Web 3.0 onboarding experience, enhanced by robust anti-spoofing technology.
Users can connect their cryptocurrency wallet or if they are new to Web 3.0, they can create their own wallets in less than 30 seconds with just their email address via the fast and secure Lost Worlds non-custodial wallet solution.
Starting today, users can purchase geoNFTs on the platform using their cryptocurrency wallet, Apple or Google Pay or a credit card. They can also mint geoNFTs using the native LOST utility token.
All purchases are settled on the blockchain, and some projects have special incentives that will have a positive impact on 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, decreasing the total circulating supply over time.
Additionally, each time a geoNFT is created or minted using an alternative payment method to LOST tokens such as another cryptocurrency or cash the platform charges a transaction fee that is used to purchase LOST from the open market and send it to The Black Hole.
Some projects will trigger an additional removal of three times the number of LOST tokens from circulation, creating a circulation and total supply shock tied to the platform’s usage.
Users will also be able to participate in quests to earn LOST token rewards and non-tradable ERC-721 NFT badges, which they can use to gain access to real-world events, token gated drops, exclusive merchandise, online experiences and more.
The more users mint tokens and complete quests, the smaller the supply of LOST becomes, with the aim of driving…
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