Overview and Vision

CollectiVerse Whitepaper

CollectiVerse is a cross-chain, space-themed 3D metaverse with NFTs and tokenized resources integrated into a Layer 3 middleware no-code protocol, which addresses critical problems in the DeFi and NFT space. Gamifying our protocol has similarities to DeFi Kingdoms (a $100M+ gamified DEX), except we are bundling our game with an infrastructure proctocol, where activity in our metaverse gives users benefits when using our Layer 3, and vice versa. Gamification will drive user growth and revenues needed to build and enhance our protocol, which in turn will provide revenue to enhance our metaverse. This flywheel will perpetuate sustainable product innovation, growth, and revenues that are diversified. Our metaverse and Layer 3 is equivalent to how Amazon or Alibaba used the technology for their e-commerce business to launch a large infrastructure business for others to use (Amazon Web Services, Alibaba Cloud).

CollectiVerse is building a middleware no-code protocol that makes it easy for anyone to create and operate a project across multiple chains in a safe and secure manner. It's designed to obfuscate complexity of building and managing a project, supporting multiple chains, and protecting investors.

As an example, CollectiVerse will enable a builder or artist to create an NFT without any code and sell it across multiple chains simultaneously to find liquidity / demand, wherever that may exist. Our protocol will unify the "market" for that NFT across all chains, plus enable the builder to operate the project in a manner that assures investor protections.

CollectiVerse protocol (known as Layer 3) will deliver on these goals:

1. Enable building and operating a project with significantly less friction and cost. It will give any size on or off-chain business access to similar financial services and capital markets via DeFi and NFTs, as the largest companies get from Wall Street (e.g., off-balance sheet financing and risk management). Members of our team are bringing expertise from top-tier Wall Street banks where they helped large companies innovatively raise capital and hedge risks. Using software and blockchain this now can be done inexpensively for any business without bankers and traders. We will make DeFi and NFTs more accessible as Shopify did for e-commerce and smartphones did for mobile.

2. Protect investor funds from hacks, rugs, and flash loan attacks through new innovations including a novel technical application of a stablecoin that secures investors in our ecosystem.

3. Make DeFi and NFTs more accessible to the mainstream by offering new custody options that removes friction for newcomers to purchase an NFT or token in our ecosystem.

Our Layer 3 protocol is gamified with a collective space metaverse (CollectiVerse stands for "collective metaverse"). The game provides a fun way for anyone to be part of our ecosystem even if they aren't interested in building or investing. At the same time it enables projects to be collective owners of our space metaverse, sharing in the revenue and upside. This eliminates projects needing to build a metaverse or worry about having a metaverse strategy. The CollectiVerse team is providing the initial gaming framework, which will evolve through a discovery process that stakeholders will all decide on...collectively.

Our approach will be to build the infrastructure needed for our NFTs and metaverse in phases, then offer them as a service for anyone (via our Layer 3 protocol). This is similar to the relationship between Amazon and AWS as it allows us to build for our own products then offer the services to other builders. This looping phased process is detailed in this document.

In Phase 1 we delivered on building and launching a cross-chain NFT marketplace and 3D Asteroid NFTs, which are core to our collective metaverse (as explained later). These NFTs were recently released on ETH, Avalanche, BSC, and Polygon, and we will release them on other chains over time. This was an important milestone since we wanted to showcase selling our NFTs on multiple chains as part of a cross-chain metaverse to bridge investors across separate chains so they can engage in a unified sandbox (which is also key to our Layer 3 protocol).

Proceeds from the NFT sale are solely used to build and operate our product. Unlike most NFT projects, the NFT proceeds are not to enrich the team. The team's long term upside will align with our investors. To ensure this the contracts and treasury are managed by a 3 of 4 multisig, where two members are from our community to ensure that funds are used as intended. This will later be expanded to a broader DAO, which will vote on use of the treasury in the future.

Transparency is core to our vision, which is why our founding team is publicly fully doxxed and KYC'd by Obsidian Council.