Lootverse.com, a gamified parallel world designed and developed for adults, announced the launch of its first exchange, Lootnance. Operated by Aya Trades, the trading platform facilitates the conversion of Credits, the ecosystem’s stablecoin, to Tickets (TIX), the redemption currency that powers the metaverse. Also, users who own Tickets can purchase Credits to carry out various actions in the virtual world.
Since commencing its Beta phase two weeks ago, Lootnance has processed over 140,000 Credits (1:1, USDC) and 16,000 TIX (at a market price of around 8.18 Credits). All users can create an account on the exchange; however, trades are limited to Lootverse’s parliamentarians – a group of citizens involved in the world’s governance. In four weeks, the in-world exchange will be open to all users. To access and explore the platform, users must register with the same email address associated with their Lootverse account.
The in-world exchange boasts an intuitive interface, enabling fast, secure, and low-cost transactions at a fee of 2.5% in Tickets per trade. Additionally, a mobile-friendly version of the platform is available through the app. Furthermore, Lootnance is integrated into the Bank of Lootverse, providing a convenient channel to exchange Credits and TIX directly from Lootverse’s Government website. “Our platform provides an easy channel for users who want to trade Credits for TIX and vice versa,” Ishant Ayadassen, Founder and CEO of Aya Trades, remarked. “It helps them to expand their assets in the metaverse, buy land, exclusive NFTs, rare collectibles, and special items in the ecosystem. By facilitating financial transitions, we unlock this myriad of opportunities for all users”.
Lootnance was established on a plot of land in Lootverse, offering its services as a native Portal worldwide. “Lootnance is the first of many companies launching their services as portal operators,” commented James Duchenne, Co-Founder and CEO of ThemeWorlder, the company behind Lootverse. “This system allows us to integrate highly qualified business partners, accelerate economic activity and create a fair Gross Domestic Product (GDP) in the world. Professionals and enterprises from multiple industries are joining us to build the foundation of this new generation of solutions and to meet the metaverse’s increasing demand”.
