You may be surprised to know how efficient game development has become. The evolution of software, now more accessible than ever, combined with the rise of free tools and rapid advancements in AI, has given indie developers the ability to execute projects at scale. This is the perfect moment for any aspiring game developer or designer to begin their indie journey. With systems that empower smaller teams, the barriers that once existed for game creation are quickly disappearing.
As many of you saw in the keynote from FP Lee, founder of Sanctum, during Breakpoint, the concept of creator coins pegged to SOL is very innovative and provides a fresh solution to a crucial need in indie game development: consistent and reliable revenue. The yield generated from these coins serves as a revenue stream for projects to execute their vision while offering perks to supporters as a thank you.
A true community can be fostered through this process, and this is a core component for the success of any indie game. A community isn’t just made up of users; it’s built by people who believe in the vision and offer their support in any way they can. At VORLD, we stand by this ideology, and we believe LSTs open doors for people who want to be part of the indie journey with the creators without worrying about putting their capital at risk but massively helping them in focussing on the deliverables.
With the recent launch of Pathfinders on Lilypad, the Solana community has demonstrated the potential and willingness to adapt to this next generation of NFTs. We’re excited to announce that we are working closely with the teams at Lilypad, PhaseLabs, Sanctum, and Metaplex to evolve this ecosystem even further. Our approach introduces a unique mechanism that not only provides base security and perks for the supporters, but also appreciates the SOL-pegged value over time, driven by market activity and revenue from the yield during the lock-in periods, all powered by the latest Metaplex CORE standard.
We are thrilled to announce that VORLD will be the first to launch an LST-backed NFT collection using this unique dynamic value accumulation mechanism, powered by VorldSOL.
VorldSOL’s Role in Our Upcoming Collection
To optimize the launch of our Astrokidz NFT Collection, the flagship IP being developed at VORLD that will come to life in comics, games, and other digital experiences, we’ve crafted a launch plan that focuses on minting, staking rewards, SOL backing, and a dynamic value accumulation mechanism. This plan considers the accessibility of advanced technology and the shared vision of VORLD and our partners.
Minting Details and SOL Backing
Each NFT will be available for minting at a price. Upon minting, each NFT will be backed by the same value of pathSOL which is pegged 1:1 with SOL, which means you will get the mint value whenever the NFT is burnt, this ensures an inherent value is tied to each NFT for its lifetime. This backing brings stability and security to the collection.
A 5% fee will be applied to each mint, which will support collection-related expenditures. Additionally, a 5% royalty fee will be applied to each NFT on secondary sales, ensuring that the ecosystem and its community benefit from marketplace activity.
Staking and Trading Mechanics
Once staking is enabled on the NFT with lock-in periods, users will still be able to hold it in their wallets and trade their NFTs on the marketplace, providing flexibility in managing their assets. However, burning the NFT will not be possible before the lock-in period ends. Depending on the selected lock-in period, holders will receive staking rewards such as exclusive drops, enhanced in-game benefits, and other perks. The longer the lock-in period, the greater the rewards.
Dynamic VorldSOL Backing and Value Accumulation
Our NFTs will feature a dynamic backing mechanism that increases their value over time. If X amount of revenue is generated from the collection, a percentage will be converted into VorldSOL and added to the NFT backing pool. This creates a direct correlation between ecosystem success and NFT value growth.
By allowing the backing to grow with the revenue, we provide padded support to the NFTs, ensuring a more stable and valuable investment for long-term holders. This dynamic system makes the NFTs more resilient and valuable over time, providing holders with a secure and growth-oriented asset.
Burn Mechanism and Value Realization
Once the lock-in period ends, NFT holders will have the option to burn their NFTs. Upon burning, they will receive the pathSOL backing associated with their NFT, along with any additional VorldSOL accumulated from the backing pool. Both LSTs, pathSOL and VorldSOL, will remain pegged 1:1 with SOL, ensuring stability and value realization.
This mechanism guarantees that long-term holders are rewarded not only with staking benefits but also with a potential exit strategy that captures the increased value of their NFTs.
Final Thoughts
VorldSOL represents a groundbreaking step forward in fostering community-driven success for indie game developers. It inspires talented indie developers to take the leap and grow the indie ecosystem on Solana, bringing true value to Solana and the Vorld. We are excited to foster such indie projects by providing guidance and technical resources to ensure the success of these individuals and their projects on a longer run. This LST not only empowers our team to focus on our vision but also gives supporters a way to contribute to the long-term vision and also enjoy the perks of the vorld as a proud holder of our collection without risking the capital that goes into the mint.
With each NFT backed by SOL and a dynamic mechanism that appreciates over time, we’re building a robust framework for value accumulation and sustainable growth.
The current implementation of VorldSOL is just the first step toward building a strong economy that will serve as the core of VORLD. The systems are being designed to integrate this within the game, opening up a completely new economy and revenue stream for developers, and leveraging Solana as a financial backbone. This enables us to implement unique in-game mechanics and more, we look forward to sharing more details and other implementations in upcoming posts as we progress on this journey.
We would love to hear your thoughts and invite you to be part of our amazing community to help realize the dream of building one of the best IPs the world has ever seen while contributing to the long-term vision of growing the pie for all indie game studios that join our ecosystem on Solana.
Connect with us for any clarifications on twitter or shoot a comment below :
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