During this brief AMA session on GamesPad Telegram chat, Co-Founder Eran Elhanani gave updates on ElseVerse. He discussed launch plans, and the team’s development, and answered questions about the project. In case you missed the live session, don’t worry. Check out the complete AMA recap below!
Hi Everyone, Thanks for joining us in the AMA. First I will give you some updates and info about the project and plan and later we’ll open it to questions from the community.
As you might have seen Constantin won’t be with us today since he’s on his way to Miami to participate as a judge in the Metaverse event there.
As you are aware we have discussed launching a Metaverse project for a long time through GamesPad.
We assembled a great team made of very experienced people coming from top gaming studios and have been incubating them for a long while now. As well as been using our own in-house studios to support them.
Including but not limited to game designers, game economy experts, art directors, and tech experts.
They have been developing this project for a while now and as you have seen we shared the initial trailer and cinematics and later a gameplay demo. More trailers and game demos as well as assets and characters will be shared prior to the launch
They have over 20 full-time people working on it and many more part-time. Many of which with expertise in Unreal Engine 5 game development. So not a small team.
They are also working with some well-known artists helping design many of the characters and assets in the Metaverse to maintain very high quality.
As you know BullPerks and GamesPad will be launching an IDO for ElseVerse in April. We will also be collaborating with other good Launchpads.
We are also working on the listing strategy and are in discussions with some top CEXs.
As a gesture of appreciating our communities and their support, we have decided to do a later-stage airdrop to loyal community members and supporters who staked their tokens and NFTs and have been supporting us and staying loyal through the bear market.
This airdrop was not meant to attract new users but rather reward old and loyal users. Our gift to you.
If you followed ElseVerse announcements and chats then you also heard the roadmap and plans from some of the team members there.
If you haven’t followed yet their social media channels and are interested in the project then please do
Regarding the token we are considering many use cases as mentioned in the whitepaper and GDD including buying future lands in the Metaverse. More about the land’s value and the game economy will be shared in an upcoming trailer so don’t miss it.
We have been in touch with many NFT and Metaverse communities and projects as well as in talks with some guilds to collaborate once the game will be released or for initial testing.
We have also decided to not raise much money for the project initially in order not to dilute the token value and to avoid the initial and constant sell pressure so no seed, private or strategic investors, and only public sale and limited raise. Once the project builds traction we hope the revenues will support continued growth and development and will consider raising additional funds in equity.
We have many KOLs supporting us and they will start deploying content from next week leading to the listing and after.
We are hoping for your continuous support of the project and their team.
A good question I was asked during BullPerks AMA about future traction and adoption so here was my answer:
I agree that the current market is not very supportive of gaming and metaverse.
We do believe it will come back with the market bouncing like everything else and believe it’s the future but we’re not counting on the crypto community. We are looking at the entire gaming audience including the web 2 and web 2.5 gamers and looking to cater to as wide as possible audience.
If you read the whitepaper then you’ll see that it’s a free-to-play world and while NFTs might be some of the revenues then economy design and revenues are not counting necessarily on that and there are multiple revenue streams from marketing, advertising, revenue shares, regular sales and boosts, marketplace commissions and more and we’ve implemented fiat gateways so you don’t need crypto to play the game or even acquire assets.
This project wasn’t developed overnight and in an opportunistic trend. Months were spent initially in designing the game and world, the game economy, designing the art which is very high-quality 3D which each character and asset takes a long time to create and then rig and create movements, and months of work developing the storylines inside the world and the trailers and in development.
Since it’s an incubation of GamesPad mostly and some of the initial resources came from GamesPad then we are rewarding GamesPad token and NFT holders at a much better rate than BullPerks token holders and think this is a fair reward.
And now let’s open the chat for questions from the community.
Please respect our co-founder and note that any questions irrelevant to the AMA will be deleted. In case of repeating irrelevant questions during the AMA, the users will be muted for a day on repeat offenses. I will now be unmuting the channel momentarily.
Hello Eran, I have a question regarding gaming platforms, on which platforms will ElseVerse be playable on Windows of course, and what about those other platforms (Linux, macOS, Android, iOS)?
So the first version is planned for PC, later we will be looking to go to mobile as well and put it on the App stores in order to appeal to as large an audience as possible.
Can we buy tokens for the tier and will it be 100% tier with tokens? When are you going to announce? Almost two weeks have passed and what I hear is only soon.
Yes, an announcement should be coming any day now.
Any day or soon what’s the difference? Nothing concrete at the moment.
I don’t have the marketing calendar so not sure when it is scheduled but you got the answer of yes.
ElseVerse also needs to comply with the protection policy?
Yes, we expect our incubations to respect the same policies as all other projects. No favoritism here.
What are the benefits of Gamespad & BullPerks launchpad over others? Are we gonna get higher total allocation & individual ticket size?
The initial benefit is that you guys will be getting free airdrops later stage if you were loyal users.
Other than that we believe average tickets will be higher.
One of the unique benefits of BullPerks and GamesPad is that if you compare to our platforms the entry ticket and what you get in return in allocation is the best value and we will be sharing that analysis later on. Also your chance to actually get an allocation is better than most if not all.
Will Elseverse be using VR, or will it be playable on normal PCs and devices?
Initially regular PC since we are looking for max adoption but later we will incorporate VR and AR and our studios are experts in those fields
Will Gamespad have the highest allocation considering is incubated by it?
Not necessarily the highest allocation as a total but per participant, I believe so.
So the Highest allocation from all participant launchpads will be in GamesPad per user not as a whole.
I hope ELLS IDO will run exclusively with BullPerks and GamesPad, but I’m for it if there’s a really good other IDO platform. A lot of IDO platforms are terrible. I hope other IDO platforms don’t have a lot of allocations. Reducing allocations further can also help.
It is always a question and debate of exclusivity and cooperation and bigger exposure to the project. We feel in the current market we need as much exposure as possible. And we will monitor all other launchpads carefully.
Does elseverse have new partners?
Those will be announced in due time and closer to the listing date as you can understand.
Hello. Do you have any capital, investor, or partner for ElseVerse? Do you have vesting for airdrop?
No, as I mentioned before we considered raising private/seed/strategic rounds and could have easily raised $5M or more for the token but then we would have huge sale pressure in the current market, and token wouldn’t perform well. So we chose to be conservative and frugal and not raise capital other than a public round and focus on creating revenue streams to sustain continuous growth and development of the project and if needed in the future we will do an equity raise.
Maybe consider doing something to drive Gamespad demand as the token tiers will be good to put to use now.
We are working on it which is why we had the poll to separate the NFTs from launchpads while yet reward the NFT holders and making sure they get extra perks and maintain the demand and value for the NFTs but at the same time opening the doors to many more new users.
Any last question since I have to jump on an important call?
There aren’t many IDO platforms that actually help with hype. Not giving allocations to unhelpful platforms will avoid dumping. Anyway, I don’t think I need to worry because you are more professional. Top CEXs IEO is also a good way.
We are reviewing all options and will only onboard launchpads/exchanges we feel will be best fit for ElseVerse
Do you have vesting for airdrop?
Yes, it’s in Tokenomics.
Thanks, everyone for being here and for your time and support! Lots of good things coming!
Thank you, everyone, for joining us today! Thank you Eran for your answers and for sharing great news!