Breaking Down Borders in the NFT World
November 16 2021 - 12:34AM
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Unless you have been living off the grid for the past few months,
you must have heard of NFTs, the new wave of digital collectibles
that, in less than one year, has taken whole industries by storm
while becoming a multi-billion business. NFTs are now seen as a
building block of the emerging Metaverse, but, behind the NFTs
boom, and the media hype around it, there is still a big challenge
that needs to be addressed for NFTs to become the driving factor of
Web 3.0. The challenge is the fact that, unlike in the early days,
when there was only one big platform (Openseas), today the NFT
ecosystem is very fragmented with a constant proliferation of new
platforms. To add complexity to the equation, NFTs have gone from
just being on the Ethereum platform, to encompass Solana, Tezos,
and a dozen more cryptocurrencies. This creates massive confusion
and problems because, for the average fan and collector, the
options can be mind-boggling. Further complicating the situation
for collectors and fans alike, every day there is a large
number of drops or NFT releases, and numbers are growing. In early
2021, it could be one or two a day. Today it can be 50 or more
daily, spread across multiple cryptocurrency platforms. Each drop
has a different minting process and can be tied to a different
exchange. This makes it relatively impossible for anyone to keep
up, let alone keep informed, about collections they care about.
Ludo, which is Latin for “I play”, is a company that aims to
simplify this confusion and brings tools that everyone needs to
navigate the complexity of the emerging Web 3.0. The lynchpin of
Ludo’s project is its NFT multiplatform search engine that will
allow users to search across multiple Blockchains and bring an end
to the current fragmentation of the NFT ecosystem. Ludo’s search
engine responds to the need for collectors to have a single source
data aggregator able to deliver what they’re looking for when
they’re looking for it. This prevents missing drops,
limited-edition projects, or new NFTs. More generally, Ludo expects
the NFT world to evolve into the gateway of the emerging Metaverse.
This is why its search engine is designed to grow with the
Blockchain ecosystem – integrating Web 3.0projects, virtual goods,
and new releases, as they’re announced. Ludo will also deliver
advanced search capabilities specifically thought for Brands and
Marketers that will aggregate the new class of behavioral data
emerging from the Metaverses offer. These functionalities will help
Brands to make better decisions as to which platform is better to
launch their virtual goods and NFTs. . This new solution will also
allow Ludo to establish itself as a single credible source of
accuracy for the NFT and Metaverse information that fans and
collectors are looking for. Ludo search is currently in Alpha,
which you can sign up for here https://ludo.com/ . The launch of
the multiplatform search engine will be pivotal in solving the
challenge of the fragmentation of the NFT ecosystem and has the
potential to change the current paradigm. But this is just the
beginning because LUDO’s roadmap has in store exciting new tools
for different use cases within the emerging Web 3.0. One of them is
certainly gaming, with Ludo developing a whole new set of tools for
players and creators that will be ready in 2022. The boom of
play-to-earn games will lead to a Gaming economy that integrates
Decentralized finance (DeFi) functionality. This will allow users
to leverage Ludo Search across an ever-growing NFT space while
increasing their earning opportunities. And all in one place. As
next steps Ludo is also looking to further index and aggregate the
metadata tied to NFTs, allowing for a richer and more immersive
search experience. This will provide users with insights far beyond
what traditional search engines like Google, Brave, and DuckDuckGo
can deliver. In order to increase the level of engagement with the
community, Ludo will also integrate its own social token, which
will become a vehicle for users to transact on NFTs across multiple
platforms – all within the same Ludo ecosystem. In essence, Ludo
aims to become a one-stop shop for users and collectors to Search,
Find, Acquire and Earn. Their integration roadmap should radically
simplify the currently complicated process of finding NFTs while
eliminating missed drops and rare sets. The fun part will be the
ability for users to play eGames, earn Ludo tokens and even
exchange Ludo tokens for rewards, without having to navigate all
over the web. Even better, your NFTs will be easily curated in one
place with no need to flip through multiple wallets. LUDO’s project
presents an exciting future for fans and collectors, who now have a
compass to help them navigate the unchartered waters of NFTs.
Looking ahead, an exciting world of eGames and a single source for
NFT is just around the corner, with Ludo becoming your gateway to
the Metaverse.
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