Please describe your proposed solution.
What we're proposing elevates virtual events by integrating unique features designed to capture the spirit and immersive qualities of in-person experiences. Key features include player avatars, a comprehensive customization system, proximity voice and text chat, unlockable items based on Cardano native assets, token-gated events, pets, vehicles, along with a community storefront that accepts Cardano payments.
Currently, our event production is limited to once every one or two months. To expand this, we're focusing on empowering creators to host 'Socials' – our term for diverse, virtual gatherings. By providing creators with tools and customizable templates, we're making it easier and quicker to launch engaging events tailored to different themes. This initiative will not only boost the frequency of events but also diversify the topics and experiences available.
On the creator side, we're introducing specific monetization tools that utilize Cardano's blockchain for transparent and equitable compensation. This is more than just payments – it's about creating a fair ecosystem where creators are incentivized to deliver high-quality, engaging content. For attendees, they'll be accessing unique experiences and rewards that are meaningful and tailored to their interests. This dual approach – empowering creators and enhancing end user experiences is necessary for a self-sustaining platform.
Our goal is to evolve Future Fest into a hub for online gatherings, similar to a platform like Twitch for live-streaming. The Future Fest website will aggregate all user-created events, offering a diverse and easily accessible virtual events that users can pop in and out of.
The impact of our platform will be measurable through the increased daily active users and platform retention rate. This will not only validate our platform's effectiveness but also demonstrate Cardano's potential in being the backbone to powering the Metaverse.