SparkWorld* is a new and unique NFT marketplace built on Avalanche for solving the problems of whitelisting and randomized minting in NFT drops.
SparkWorld* allows creators, communities, and investors to come together in a fun, engaging on-chain experience that includes gamification, metaverse integration, and more.
SparkWorld* Investors
SparkWorld* is backed by some of the prominent investment firms, including: Genesis Block Ventures, Magnus Capital, Alphabit Fund, Pluto Digital Assets, Moonrock Capital, Netzero Capital, Block Pioneers, J8 Ventures, Bluewheel Capital, and Contango. The NFT startup raised an undisclosed amount of seed funding in February.
Fair Prediction Launches (FPLs)
FPLs, or Fair Prediction Launches, are a new and unparalleled mechanism which distributes NFTs and tokens in the most equitable and engaging way possible.
FPLs mechanism intend to shuffle the whitelisting approach, by giving every user a fair shot at landing a more valuable piece of the collection. Moreover, it aims to abolish the first-come-first-serve whitelists and randomized minting.
The SparkWorld* launchpad provides an effective, exciting, and engaging on-ramp for both communities and project developers to the latest and greatest NFT gaming project launches in an inclusive, fair, and exciting way via new mechanisms.
SparkWorld* offers users the opportunity to guess the price of the native token of the chain the NFT collection is released on. Based on the accuracy of their predictions, they are then placed on NFT drop lists.
While the best way to buy NFTs at a reasonable price is to get on the whitelists, unfortunately, even the biggest NFT enthusiasts have a hard time getting a spot on the list ahead of the NFT drops, which forces them to buy at higher prices.
Randomized minting has its drawbacks too, failing to reward any sort of engagement by putting the bet only on chance. Still, NFT project creators until now have had to rely on such strategies to avoid scenarios where a single wallet nabs the entire collection cheap and hikes the price on the secondary market.
Jolyon Horsfall, Co-CEO of SparkWorld*, said:
“In line with the founding ethos of the blockchain revolution, SparkWorld’s egalitarian distribution mechanism brings creators and community together through fair, fun, and interactive prediction events. We hope SparkWorld will help bridge the privilege gap in NFT distribution and create a more inclusive and democratized NFT world.”
SparkWorld*’s platform changes the NFT launch paradigm, algorithmically allocating rewards in a way that fosters a fun, fair, and competitive user experience. All prediction events are transparent and available for everyone to see, and the verification all projects have to go through before listing mitigates the threat of a rug-pull scam. The platform mainnet launch will take place at the end of June.
$SPRK Token
The $SPRK token fuels the entire SparkWorld* ecosystem and enables users to make their predictions.
To compete for any collection on the platform, users stake their tokens into its designated prediction pool. Users above a certain threshold receive guaranteed allocations, and every pool participant gets a yield on their stake regardless of the accuracy of their prediction.
$SPRK also plans to eventually grant voting and governance rights in the SparkWorld* DAO, giving holders a say in how the platform is run.
The $SPRK token will be launching in June 2022, and will be tradeable across DEXs initially, and will expand onto CEXs shortly after the token generation event (TGE).