So let’s start with the team, how many of you are there & what’s your previous experience?
My main experience is in retail business (my family business), finance, and cybersecurity in e-commerce. I’m a business grad by degree, but been in crypto since 2015
Jiro is a fine arts major, he takes care of branding and digital marketing, he’s had experience handling this for businesses both local and international.
Appa is mainly our head for the mods, and helps facilitate the chat when needed (we all have turns from time to time as well, along with the rest of our community mods)
All of our devs have had previous experience working as full time programmers building websites for mid-large scale businesses. But now most are 100% crypto!
Wow what a wealth of experience you guys have. You’ve got it all covered!
Did the team start this size or did you expand through growth?
The team started with just the lead dev! 3 more were added after we launched (vouched for by our dev), and one more full stack dev has just been fully onboarded recently.
Great to see you guys are always looking to grow the project!.. So briefly, what is WORLD in one sentence and what’s the vision — An elevator pitch it you will..
World is a crypto e-commerce ecosystem looking to build a strong foundation for both simplicity and security for sales on the blockchain! The goal is to make a seamless yet newbie-friendly experience for the future of crypto based e-commerce.
So you mention e-commerce, what sort of things would we be likely to see on the WORLD market place?
We’re currently partnering with some heavy promoters in the gaming scene, as well as continually reaching out to indie and small to medium sized gaming studios as potential merchants. However this is only our first step. We also have plans to go strong for the adult content creators as they have huge sales commissions going straight to existing platforms (this goes up to 40% per sale)
A question for the techy’s in the room, do you guys follow an agile or a waterfall development process?
As for this we tend to fall toward the agile process as we are bouncing between continual testing and development as seen in our testnet, update, testing, update, testing, then we go for an audit when fully tested followed by v1 of mainnet release! I believe that having the ability to pivot is extremely important in this space
Wow great, I see so much potential with the markets your trying to hit.
I’ve seen people compare WORLD to the likes of EBay, would you be looking sell physical products in the future?
We are. However it’s the last phase of our intended release given physical products are where the serious levels of fraud come into play. That’s an issue I’d like to nip in the bud before it ever has the chance to become a problem, that’s why it is last. Definitely looking to do it though!
So I know the NFT drops for holders was announced recently, can you go into more detail on this?
Sure! There’s 3 tiers of drops we’re doing and having all 3 in your wallet will get the holder a special badge in their profile on the World marketplace as well as some perks for future drops and some giveaways! We have a long list of promotions planned for these so rest assured anyone who can get their hands on these NFTs coming from us will not be stuck with just limited edition NFTs — they will bring value to holders!
I love it, that’s great they’ll add value. How are the 3 tiers divided if you will?
Also can you go into the mechanics of the NFT drops for holders?
The 3 tiers right now are divided by how much WORLD is in your wallet (ETH and BSC networks combined). The lowest one from just 50 tokens, the second tier for holders with 50k+ and the highest tier for holders 250k+
Sign ups will open next week, the top 2 tiers will be first come first serve, and the last will be a random raffle for 500 participants. We will announce this date and time for when the forms will be opened up a few days before they open! So I invite everyone interested to keep their eyes peeled on our announcements channel (https://t.me/worldtokenann)
Just quickly back to the marketplace, on it you can only use WORLD token, will there be scope to add different currencies?
Right now we are strict on world being involved on all marketplace transactions as that’s one of the main utilities of the token. Should there be demand for it, we would look into say allowing ETH then autoconverting it for the seller to receive World. There’s also other possibilities of for example another currency being accepted but 3% of those transactions get distributed to WORLD ecosystem (similar to the current 3% tax rate distribution). We’re always considering all sorts of future schemes but the only ones that will make it are those that benefit the ecosystem and the community the most. These are just some of the ideas that have come along, so no promises any of them will see the light of day :)
WORLD token certainly is unique for where I’m sitting. However, for our audience what makes you really stand out from your competitors?
A marketplace is only as good as its participants. So as great as frictionless yields on a marketplace is, the main driving force between us and others will be key merchants and partners who will help us become one of the dominating driving forces in the space. To aid this, we’ve been busy in the background talking to both potential merchants and marketers to help us get the exposure to seriously bring in both sellers and consumers to the platform, as more potential consumers lead to bringing in more merchants, which lead to more consumers, and so on. The back end is busy getting that all set up properly and soon we’ll be able to release info relating to this.
Only time will truly tell who becomes the dominant force in the future of course!
Last question before we open the chat for the community questions.
You have done a lot of great work since conception, with listings, marketing, developments & partnerships, so hats off to you! What did catch my attention is your partnership with SPI, can you give the community a brief intro what this means for WORLD?
Our partnership with SPI provides new utility for WORLD tokens as they can now be used to shop on SPI’s platform (Amazon, eBay, Walmart and AliExpress) giving an extra 2% discount to boot! On the administrative side as well, we’re sharing resources with each other such as contacts, which is a huge help to us and it helps them move faster in multiple directions since our efforts will be added to theirs. Both projects are in extensive growth behind the scenes and with this we are going to move forward building the future of the space together.
Q12 (Community Question)
What killer features will your platform have compared to the competition?
currently we are the only crypto marketplace who even offers escrow with livechat on non-fiat involved sales. Given the nature of cryptocurrencies being irreversible, I don’t really see why this isn’t the norm however I do see it as an open opportunity for us to make a more secure marketplace. We also have plans to build an ERC20 P2P exchange, which we are also currently the only ones I am aware of who are even considering it.
What place does the WORLD platform want to take among the current NFT marketplaces?
NFT marketplace is just a part of what we’re doing however I see a good spot for adult content creators to have all sorts of fun with NFTs and exclusive content with this technology :) We would be more than happy to foster this growth!