Recapitulation of Metafi PROJECT AMA event held at AMA LOVERS CLUB.
Date: Wednesday, 23rd March, 2022
Time: 13:00 UTC
The Metafi PROJECT team was represented by @Lucadallisola who judiciously shared with us detailed knowledge and information about Metafi PROJECT.
1st Segment: INTRODUCTION
✨✨QUESTION1🩸: Can you briefly introduce yourself and the team?
👉ANS: Of course, I’m Luca, CMO of MetaFi - super excited to be here and answer some questions!
A bit about me: I originally come from a strategy & marketing background - having worked in several industries from diplomacy, to social partnership, I most recently founded a digital marketing studio, where in 2021 we were able to generate +3M for DTC brands all over the world.
I’ve also been an avid trader for the past several years, so when Matt approached me with the concept of MetaFi everything seemed to perfectly align.
Sort of felt as though everything I had previously done in my career led me to this project haha
I'll attach a small brief of the rest of our star-studded team below for you all:
Matt Danilaitis - Founder
Previously venture capitalist and investment manager, working in investment teams managing over $10 billion in assets. More recently advisor to blockchain games and metaverse projects. In MetaFi, Matt’s key focus is bringing Web3 asset trading to the Metaverse for the first time and igniting a new industry: Metaverse banking.
Vladimir Rogojin, PhD - Blockchain Lead
15-year experience specializing in Blockchain, Cybersecurity, Deep Learning and Big Data. Deep theoretical background, solid software development skills coupled with long and significant academic experience. Passionate about 3D game development. Highly interested in cutting-edge technologies.
Kyle Joyce - Gaming Lead
Senior gaming product strategist and Founder of a full service game studio. Kyle has experience bringing AAA+ games to market across mobile, PC, browser, and VR gaming. At MetaFi, he is utilizing the latest technology in-house to create the most engaging metaverse trading experience.
Arturas Bagdonas - Development Lead
Senior software engineer with ample experience in the European startup space and keen interest in blockchain development. At MetaFi, he is overseeing the development team and working alongside the product team to deliver the most innovative frontend solutions for MetaFi traders.
Modesta Zemgulyte - Design Lead
Award-winning designer with track record in both crypto and traditional industries. Previously designer for The Economist, Modesta brings a wealth of experience managing design teams and delivering visual assets with a focus on social media. At MetaFi, she is leading the brand’s design and creative direction and ensuring brand consistency.
✨✨QUESTION2🩸: Can you tell us about MetaFi? What is it all about?
👉ANS: MetaFi is the first ever Metaverse World of Trading
You will enter the metaverse, buy tokens and NFTs in the metaverse - and chat about your trades with others
But it doesn’t stop here
We’re also building the first ever Metaverse Bank - a place where your NFTs and tokens maximize their true potential
We scan the internet for the best APY or find a guild that pays to rent out your NFT
This way the Metaverse Bank unlocks the most profitable way to hold your assets - based on your risk appetite
Here’s a little example for you guys - MetaFi World Teaser: https://twitter.com/MetaFiorg/status/1491055962748485632
✨✨QUESTION3🩸: So what can we do on the MetaFi Metaverse space?
👉ANS: excellent question
This world is divided into trading zones inspired by ancient Egyptian civilization
Zones include: Crypto Exchange, Crypto VC, NFT, FinTech, Decentralized Earning, Stock, Commodity and others
Within these zones, users trade, display their NFTs and communicate with text, images, or voice
And for the first time in history, Web3 assets will be traded on Web3
✨✨QUESTION4🩸: So you mentioned "Metaverse Bank" earlier. Can you elaborate on that?
👉ANS: Metaverse Bank maximizes the passive income from your Metaverse Assets: tokens, NFTs, and land.
The banks are different within each MetaFi World city: some are open to $METAFI token holders, others serve the MetaFi Citizens holding our NFTs
Banks may specialize in:
🔥 Digital Real Estate
🔥 Staking or LP programs for highest APY
🔥 NFT Delegation
🔥 NFT-backed loans
And many other services
Every time I see these visuals I smile haha - can’t wait for you guys to see this project live.
✨✨QUESTION5🩸: With the MetaFi NFT launch around the corner, I'm sure people would like to get some information about the NFT.
Can you share more details about MetaFi NFT utilities?
👉ANS: MetaFi is launching the Genesis NFT collection of 4,000 unique MetaFi World Citizen NFTs
This collection will bring utility from day 1
There are three main utilities ⬇️
First, Initial Metaverse Offering boost - you will get a boost on your allocation when pariticpating in the MetaFi’s launchpad
Second - you will receive guaranteed allocation in the community round of $METAFI token (the whitelist)
Finally, our Genesis collection opens up metaverse utilities in the MetaFi World of Trading - including $METAFI staking boost, VIP services in the Metaverse Bank, and bigger voting rights in MetaFi DAO
Here's a sneak peek into our NFTs (don't tell the rest of the team I showed you) 🤫
Is that Pharoah? Haha😄
Yessir! To compliment our Egyptian civilisation I mentioned above
Trust me though, he’s just the beginning 😎
✨✨QUESTION6🩸: Now let's talk about the governance token
Can you give an overview of the Tokenomics and Utility of $METAFI tokens?
👉ANS: $METAFI brings a true revolution in token utility
There are 4 main dimensions of $METAFI ⬇️
🏦 UTILITY: Metaverse Bank access to make passive income
🤗 REFERRAL: rewards for inviting friends
🌎 GOVERNANCE: choose where treasury funds are allocated
📈 DEFLATION: weekly buy-back and burn events
IGO is coming soon 😎
✨✨QUESTION7🩸: Before we conclude the introduction segment, Can you tell us what is to come for METAFI?
👉ANS: Absolutely, In the next month, we will do:
- 10 partnerships with major metaverse and real-world gaming / FinTech projects
- Metaverse trailer released
We’re also running an early community campaign and with rewards for early members
To make the most out of it, join our community channels:
2nd Segment: LIVE Questions
✨✨QUESTION1🩸: I understand that you are a launchpad for NFTs game projects. So, I would like to know the structure you have designed and developed for your launchpad? A project that wants to participate in your launchpad, what requirements does it have to have in order to apply and be accepted in MetaFi?
👉ANS: MetaFi launchpad allows you to become the backer of the next metaverse champions
We are starting with the Initial Metaverse Offering
Our vision is to build launchpad products for all risk appetites - where you are in full control of your downside risk
First IMO will be for the $METAFI token - details coming soon
Our focus is AAA games and metaverse projects. As a rule we look for two things - BOTH proven ability to build strong crypto communities (marketing) and product expertise
We have seen a lot of game studios building crypto games and failing - because they don’t understand marketing
At the same time, we have seen crypto veterans starting to jump into gaming and failing miserably on the game quality side
Ideally, our games will have a combination of community building and triple A product
✨✨QUESTION2🩸: You indicate that you are a bank and metaverse but could you explain what are the functions, tools or services that your bank would offer? Could you explain the concept of a bank in the metaverse? How do users interact with your metaverse?
👉ANS: So regarding your question on how users can interact with the metaverse
Before entering the MetaFi World of Trading, you have to create your digital avatar - MetaFi Citizen
The Citizen is recognised by your assigned wallet
As a Citizen, you may equip NFTs (verified by your wallet holdings) and wear them on a shirt, jacket or as a pet
You will choose from the vast privacy settings: whether you want to display your wallet holdings, stream real-time trades to nearby Citizens or keep everything private
Your MetaFi Citizen will level up based on your trade volume, wallet ROI, assets held in the Metaverse Bank and other variables.
Hope that clarifies things!
✨✨QUESTION3🩸: You can see a lot of current NFT and Metaverse projects. So there should be tough competition in the market and users will be more careful while participating in platforms, especially new platforms. So, as a co-founder of metaFI, can you explain what are some of the standout features that put metaFI ahead of other blockchain-based games?
👉ANS: I love this - with the influx of projects launching in the market it's always important to look for these key differences that make it unique
let me clarify for you
MetaFi was born to finally allow to trade web3 assets in web3 - you will be able to buy and sell tokens and NFTs in a social environment
Despite the Growth of Web3, it is not widely adopted: most trading happens on centralized exchanges (Web2) AND most chatting happens on Web2 social media: Twitter, Telegram, or Discord
We are here to change that!
What's more, trading outside of crypto is more social than ever
Powerful trading communities is a market mover - look no further than GameStop last year
With that, trading is more open and inclusive than ever: thousands of retail investors discover trading every day
Finally, trading is easier than ever: starting is as easy as downloading an app like Robinhood
All of this calls for a solution that would make crypto trading easy, social and fun
Meet MetaFi 😎
✨✨QUESTION4🩸: Community is one of the key factors in project progress and attracting larger partners or investors. So what strategies or methods do you have to attract more new users, especially non-crypto users? to participate in metaFI and create a strong community.
👉ANS: A strong commuinity is the backbone of any decent community worth its salt
I completely agree
Hopefully you can be part of ours Jojo 🙂
we believe that crypto and metaverse gaming is the next wave of non-crypto people adoption to the ecosystem
Compared to DeFi, GameFi is much easier to relate to for someone that has never used crypto products
For our platform, user focus is the main thing as it is a consumer facing platform meant to act as the sole gateway to all AAA+ metaverses
And we made it very easy for even non-crypto people to join
The user journey will look like this:
💸 You come to the platform and buy some assets with a credit card, paypal, or crypto
💸 You see all of your NFTs in a single dashboard
💸 You can search for any crypto/metaverse project and launch it
💸 You can sell your items instantly, put them up for auction, delegate for passive income or even take out a loan using NFTs as collateral
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