We got together with the Lost Worlds team to discover more about their unique NFT project and the mind-blowing POT concept they have pioneered.
Lost Worlds is an upcoming NFT platform built on Avalanche and Ethereum that allows users to mint NFTs bound to real-world locations through their wallet’s mobile browser. The platform has coined the term “Proof of Travel” to describe the on-chain verification of a users’ location. According to their website, Lost Worlds:
“collect[s] location data from the front end and sends that to a set of validators that run anti-spoofing mechanisms. If the data complies, they produce an off-chain signature that is then used on-chain to get consensus.”
In addition to the novel “Proof of Travel”, NFTs sold on Lost Worlds offer collectors several ways to earn rewards from their holdings. Collectors earn $AVAX or $ETH through reflections, maintain royalties even if they sell or trade the NFT and earn a dividend called the Big Pay Day when a project is fully minted at a certain real-world location.
Introducing Portals????, the first #NFT series on the #LostWorlds platform bringing NFTs into the real world. Travel to famous landmarks, mint its NFT, and earn yield just for holding them. Read the Medium post & ????1/ https://t.co/6pMgdHlM7l #PortalsNFT #avax pic.twitter.com/dbWEMjH47t
— Lost Worlds is at NFT Miami ???? ???? (@lostworldsnft) October 14, 2021
Lost Worlds are releasing their own projects, curating digital artists as well as partnering with other brands to build what they call the Lost Layer. The first project is called Portals which gives collectors a look into alternate reality landscapes of some of the world’s most famous landmarks.
Lost Worlds expects the project to drop towards the end of 2021 with a slew of other projects dropping in early 2022.
Make sure to follow Lost Worlds on Twitter for more updates!
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