Lootverse, a gamified parallel world designed and developed for grown-ups, announced the first exchange to be launched in their universe. Lootnance was created and is operated by Aya Trades. The trading platform enables Lootverse users to convert Credits, the ecosystem’s stable coin, to Loot Tickets (LTT), the native cryptocurrency that powers the metaverse. Users who own LTT can also go the other way around and buy Credits to perform a few actions within the world.
Lootnance started its activities two weeks ago in a Beta phase and has already processed over 140,000 Credits (1:1, USDC) and 16,000 LTT (at a market price of around 8,18 Credits). All users can create their account in the exchange, although trades are still exclusive to Lootverse’s parliamentarians, a group of Lootizens (citizens of Lootverse) who take part in the Government of this fantasy world. The in-world exchange will be available to all Lootizens in four weeks. To access and start exploring the platform, users must sign up on the website, registering the same email address used in Lootverse’s account to send and receive LTT or Credits within the ecosystem.
The in-world exchange was designed to have an intuitive interface, supporting fast, safe, and low-cost transactions, with a fee of 2.5% in LTT per trade. Users can also download the app to have a more convenient and mobile-friendly experience. Additionally, Lootnance is integrated into the Bank of Lootverse, the fantasy banking entity in this metaverse, to offer quick access to Credits and LTT trades directly from Lootverse’s Government website. “Our platform provides an easy channel for users who want to trade Credits for LTT and vice versa. 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 Lootizens”, said Ishant Ayadassen, Founder and CEO of Aya Trades.
Lootnance developed its operation directly from a plot of land in Lootverse, offering its services as a native Portal in the world. James Duchenne, Co-Founder and CEO of Loot NFT, the company behind Lootverse, explained this innovative business model: “Lootnance is the first of many companies launching their services as portal operators. This system allows us to integrate highly qualified business partners, accelerate economic activity and create a fair GDP (Gross Domestic Product) in the world. Professionals and enterprises from several industries are joining us to build the basis of this new generation of solutions and to supply for the metaverse’s growing demand”.
