Please tell us about your venture. What is the thought behind it?

The Lepasa metaverse strives to encourage and educate individuals to achieve self-actualization both digitally and in real life by promoting positive psychology. This virtual therapeutic environment encourages users to practise fundamental mindfulness skills while also building strong, decentralised communities. 2021 has been a crazy or we may say the craziest year for the Crypto community. DeFi & NFTs have stolen the show from top cryptocurrencies like Bitcoin, Ethereum etc. It is such strong evidence that NFTs are bringing a massive number of “New Crypto Owners” to the industry. A scenario where a new user buying any crypto for the first time to buy NFT is too common nowadays.

We began work on the "NFT" concept in late 2020, when Cryptopunks were all over the place and the entire industry was enthralled with pixel artwork. We had determined that if we were going to NFTs, it had to be something different, not just another project in the crowd, on the same day.

Our seasoned and devoted staff, who have been working in Blockchain Technology for almost a decade, proposed that we proceed with an equal mix of technology and art. Oh my goodness! That was a powerful message, and it was the cornerstone of this world-class Fine Art 3D Game Ready NFT creation. We onboarded world-famous traditional fine artists, CGI artists, and created a strong bond with our tech team. Despite the fact that NFTs are one of the most widely used real-world applications of blockchain and smart contracts to date, their adoption has been one-sided. In popular culture, NFTs have been limited to GIFs and JPEGs, ignoring the breadth of what the technology is capable of.

What has been the journey for entrepreneurs to build a startup?

Startup founder’s journey is usually considered as a bumpy and difficult in starting specially, ours have been no exception. Since the inception of Lepasa, we have had a long term sustainable vision to develop a Metaverse Ecosystem for brands & content creators. We have been fortunate to have a team mix of excellent talent & seasoned experts. We had received great interest from the industry at our launch. The journey has been pretty much aligned to the industry so far, declining at the moment, tough time not just for us rather for the entire industry.

What problem is the startup trying to solve?

While most of the Metaverse are 2D like games and failed to give realistic experience to users, Lepasa on the other hand uses realistic 3D rendering technology, the same technology is used in hollywood movies like avatar, titanic etc. This gives an immersive experience to users. Further, the land ownership of users is kept on Blockchain as NFT and is completely decentralised.

What do you offer to your users, customers, or clients? How does it benefit them?

We have been able to deliver world’s finest, functional NFTs, with 2000+ users we are in the early stage of business development. We have partnered with some of the leading projects in the blockchain industry like Polygon, FalconX, EPNS, Forward Protocol etc.

What is the core USP of the startup? What are your differentiators from already present brands in the market?

Lepasa creatures are the “Fine Art 3D Game Ready NFTs, And Not Just JPEGs. Lepasa NFTs give the owner access to the actual source file, in turn the NFT owner has capability to animate and use in the games, videos, 3D Metaverses, and so much more. Our NFTs give owners access to the actual source file, not just a picture of it. These source files can be used in games, videos, pictures, and so much more. The quality of our NFTs will set a new standard in the industry.

How does the platform work? Who is your target audience?

Lepasa is one of the most promising upcoming NFT & Metaverse Marketplace projects, our target audience is so vast, it comes from Gamers primarily to Brands looking to establish their presence in the metaverse to tech enthusiasts who want to stay ahead in game when it comes to latest technological advancements. Our Digital Art NFTs are available on our website.

Please tell us about your funding status and your presence.

We are a homegrown self-funded project so far, we have recently started inviting / on boarding VC / Investors. 

Can you please shed some light on the upcoming future expansion plans? Are you also planning to expand your product portfolio?

The global Metaverse revenue opportunity could approach $800 billion in 2024 vs. about $500 billion in 2020, based on Bloomberg analysis and Newzoo, IDC, PWC, Statista and Two Circles data. Major factors that are expected to drive the growth of the metaverse market include strong growth opportunities in the adjacent technology markets such as Virtual Reality (VR), Augmented Reality (AR), and Mixed Reality (MR), Blockchain, Digital Assets & others. 

Lepasa Metaverse is building a sustainable ecosystem with enormous possibilities for content creators. Lepasa is planned to be an enthralling immersive experience. Our vision is to set an example in the world about the futuristic, state of the art metaverse architecture.

Our roadmap for the next 12 months consists of extensive development on tech grounds, community growth, more partnerships in the industry & greater brand awareness. We are also in discussion with some of the industry’s leading VC / Investment firms to support our mammoth development efforts.

In the real east sector, how does the setup make use of the metaverse and NFT?

While the bulk of use cases in the NFT area to date have been tied to digital art and collectibles, we have yet to see NFTs' potential in the digital asset-based economy. The blockchain sector now has a new, exciting dimension thanks to Metaverse. We are in the early stages of its development, and now is the best time to create the groundwork for a whole digital asset-based economy.

What is the current market size and opportunities available for players?
The global Metaverse revenue opportunity could approach $800 billion in 2024 vs. about $500 billion in 2020, based on Bloomberg analysis and Newzoo, IDC, PWC, Statista and Two Circles data. Major factors that are expected to drive the growth of the metaverse market include strong growth opportunities in the adjacent technology markets such as Virtual Reality (VR), Augmented Reality (AR), and Mixed Reality (MR), Blockchain, Digital Assets & others. Lepasa Metaverse is building a sustainable ecosystem with enormous possibilities for content creators. Lepasa is planned to be an enthralling immersive experience. Our vision is to set an example in the world about the futuristic, state of the art metaverse architecture.
 
Our roadmap for the next 12 months consists of extensive development on tech grounds, community growth, more partnerships in the industry & greater brand awareness. We are also in discussion with some of the industry’s leading VC / Investment firms to support our mammoth development efforts.