NFT Virtual World Business Plan

II. Company Overview

2.1 Vision and Mission

Vision
To create a virtual universe that is fully governed and run by users with the power to develop, interact, play, share, and collaborate freely to monetize their virtual experience.

Mission
To provide a secure and user-friendly environment for the creation, exchange, and display of NFTs.

2.2 Founder Information

[Company Name] is led by [Founder 1] and [Founder 2], who has been in the blockchain industry for [xx] years. While [Founders] have been part of NFT platforms [previous company name] before as directors and part of strategic development for blockchain-based and NFT marketplace. They aim to leverage their professional experience and knowledge to disrupt the current NFT industry. Therefore they want to develop a platform that is totally decentralized without any central authority. 

2.3 Problem and Solutions

1. Reducing the accumulation of power and governance in one single entity –Companies like Meta, which has a large community of users, are utilizing this community to generate revenue for themselves without giving it back or sharing it with loyal users and content creators. Also, these platforms have sole control over regulating the content, applications, and games being shared on their platform.

Solution–[Company Name] has developed its platform with the intention of building a strong community of blockchain, Crypto, and NFT enthusiasts to provide an opportunity for its users to generate income through their virtual experience, which can be easily leveraged in the real world as well.

2. Transparency in Transactions – Transactions of the NFT marketplaces are usually supported by a third party leading to high transaction fees for users. Also, the problem of fake NFTs is causing fear among users in the virtual world.

Solution –[Company Name] allows direct transactions between its users through its local currency and through its own market place which reduces the transaction cost and involvement of third-party, reducing chances of fraud and loss. Since the content listed on the platform’s marketplace is verified and genuine, which reduces any changes in the sale of fake NFTs and wearables. This way, the content creators and users can generate income without having to pay hefty transaction fees.

2.4 Product and Services

The Company will provide a platform so for users to interact virtually through its applications, marketplaces, and content. The Company wants to give its customers access to a virtual social platform where they can earn while they entertain themselves and the other users of the community with utmost security. The content and application creator get better exposure to engage the users through their games, events, and shows, which helps create a higher level of interaction by bringing in traffic to the platform. The collaboration with big brands like [Brand 1], [Brand 2], [Brand 3], and more will act as the major revenue generator for the platform. It will provide a large audience for the brands to showcase their NFT, events, shops, and shows to users who would be interested in being part of the wagon to purchase them to stay ahead of the race and gain higher returns in the future.

  1. Virtual land trade
    Every user can buy land in [company name] virtual world to build any structure or places which they want people in the virtual world to visit, like shops, plazas, entertainment places like casinos, etc.
  2. Host Events
    The platform will allow the brands to host events like fashion shows, concerts, and movies in the virtual world for the avatars to enjoy and engage with the community and create awareness about its services so that the users can purchase them.
  3. Marketplace
    The marketplace will sell the NFTs created by users and brands. This will also sell the wearables which can be used by Avatars in the virtual world to get access or advantage in the games or at the events.
  4. Games
    The content and application creators can create games for users, which can be for entertainment or monetizing. This is the opportunity for the company to monetize its applications on the platform to generate revenue from it.

Strategic Business Plans