Analysis of KuCoin Labs Incubation Program Projects in the First Season (1)
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Exverse
Analysis of KuCoin Labs’ 1st Season Incubation Program Projects (3)
Recently, KuCoinLabs Season 1 Incubation Program started. With the steady progress of the incubation plan, KuCoin Labs will introduce and analyze the 8 best-performing projects shortlisted this time in the next few weeks. This time will bring the metaverse project Exverse and DID project Getaverse.
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About Exverse
The Exverse is a F2P metaverse, a companion for players to explore adventure quests, participate in combat tournaments, and engage in social events. The Exverse metaverse includes three different Odaily, each Odaily has a unique entertainment system, dedicated to optimizing the entire user experience. Players are able to own, trade, sell and lease their game assets through the in-game marketplace. Exverse's leadership team is supported by 5 professionals experienced in Web3 & Cryptocurrency & Blockchain, GameDev, Software and Business Development.
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Exverse outperforms similar projects in many aspects, such as game mechanics, chain integration, basic software development of products, etc., but it is more outstanding in terms of gameplay and technology.
[Exverse Teaser UE]
https://drive.google.com/file/d/1nFEHxIt4lCU25Ww2YjZvW079bU_qJZ3W/view
The Exverse universe consists of three Odaily, which will be managed and developed by the team. Each Odaily offers unique game replayability and opportunities.
Excellent technical performance
In terms of technology, Exverse has been committed to optimizing the game version of the high-poly modular structure, using the rendering capabilities of Unreal Engine 4/5 to achieve the best results. The main technologies include: rendering technology Nanite, dynamic global illumination technology Lumen, physics engine Chaos and visual effects system Niagara.
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Because Nanite uses a highly compressed data format, and supports high-detail streaming and automatic LOD, it enables Exverse visual clarity comparable to pre-rendered generated images. Additionally, Lumen will make the environments in the Exverse seem more believable and dynamic.
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Why was Exverse selected by KuCoin Labs for this incubation plan?
Revolutionary token-to-coupon mechanism
When working on these Odaily mechanics, Exverse's biggest focus was making sure the player base would always have a goal related to their archetype. Each user in the Exverse will reflect their personal attributes and preferences in reality, and these can ultimately be converted into real-world value through $EXVG tokens.
Players participate in game modes and earn EXVG. In the Marketplace, players will be able to directly convert their EXVG into vouchers of their choice which will be sent directly to their registered email account and will be linked to the Exverse account if they wish to spend directly from the Marketplace.
Highly immersive experience brings greater opportunities
As the Metaverse builds, this means the number of users will continue to rise. The highly immersive experience will enrich the content of the platform in the metaverse, and realize the functions of the real society to a greater extent. Exverse's outstanding technical performance brings users a more immersive experience, and its rich application scenarios can expand the boundaries of virtual activities. Including the construction of interactive scenarios such as environment, entertainment, and social interaction, it will meet the needs of different users and solve the defects of the previous generation Metaverse platform.
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Getaverse
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Through this incubation plan, with the help of seminars and mentors, Exverse can make up for some deficiencies at the current stage, accelerate growth and accumulate strength. KuCoin Labs is confident that this incubation plan will further promote Exverse's community growth and market awareness.
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About Getaverse
Getaverse is a blockchain credit system developed and deployed on multiple public chains. It aims to create an ecological metaverse service platform based on the Web3 protocol for the digital certification system. After registering on Getaverse, users will obtain a DID identity, which they can use to establish their own credit system and participate in the ecological use, construction and management of the platform. Users can improve their comprehensive credit score by participating in activities such as owning assets, staking mining, and governance voting. Innovative Web3.0 projects can be accessed through Getaverse's open API interface, including DEX, NFT, Defi, Gamefi, Socialfi and other ecological applications. The diagram below depicts the architecture of Getaverse's ecosystem.
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Source: Getaverse official white paper
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Why did we invest in Getaverse?
KuCoin Labs evaluated Getaverse’s investment opportunities from various aspects such as the market, team background, and business capabilities.
First, Getaverse provides a platform that allows users to participate in protocol-related activities on different chains with an aggregated identity by integrating on-chain and off-chain data. It is user-friendly and also adds some social elements to make the user experience more interesting. More importantly, we believe that its credit evaluation system can be regarded as the flagship part of the whole project. Currently, most DID projects focus on domain name narratives, or one-stop aggregation of wallet addresses. Although Getaverse also focuses on creating aggregated identities, it also has a credit valuation system, so it is very important for DeFi activities. Additionally, as we articulated in the background section above, we believe there is a need to integrate DeFi and Metaverse/gaming activity, and Getaverse products can serve as a bridge.
Getaverse has been working hard over the past few months to strengthen its partnerships with other projects. It has a clear strategy for project growth, while also demonstrating its capabilities in business development and partnership growth. As of now, Getaverse has established partnerships with more than 50 applications, which cover a range of fields, such as Web3.0 infrastructure, SocialFi, DeFi, Metaverse, NFT, etc.
Token utility is innovative
Getaverse's native token, $GETA, has several innovative utilities that will benefit the growth of its ecosystem. In addition to traditional staking and management, $GETA allows token holders to improve their credit score, thereby earning the privilege of airdrop or dAppIDO. Additionally, it contains a curated dataset, which enables curators to buy/sell usufruct rights to the dataset via GETA. By doing this, curators are incentivized to help identify valuable datasets by using $GETA to purchase revenue, which will benefit the value accretion of $GETA in the long run.
