Vetting procedures have already begun
Looking for projects that are the "cream of the crop"
Ultimately, BAS asks the question - "would we buy these NFTs?". If the answer is no, they would never be featured on the launchpad
Will only feature projects that BAS believes in – including a combination of the product, product market fit, the team, and the founders. Character is very important.
Will also feature projects that a further in development. Different projects are categorised based on this, containing various risk metrics depending on their level of establishment and vetted carefully and precisely.
BAS wants to provide the launchpad to projects that provide real value to their customers, and stay away from projects that are presented as a cash grab.
External resources will likely be used to help BAS initially vet projects, followed by BAS' business development team and lastly to the Dev team and smart contract developers to finalise technical aspects, or to other team members if the projects are looking for assistance with other areas.
Providing tailored smart contracts
Most NFT smart contracts are not based on original code and are rather copy-paste, meaning they are clunky and have limited long-term or expansive utility. Many lazy developers that are not optimising their smart contracts
Most top smart contract developers are working on DeFi
BAS can offer extensive security auditing, increased efficiency
BAS will design NFT sale and smart contracts to minimise gas costs e.g. Waves/Dutch Auctions
BAS brings significant expertise from a business, modelling and planning perspective.
If you know or have an idea of what you want to make in an NFT product, BAS will sit down with you to see what value can be added, get creative, what legalities to consider and discuss, gain an understanding of common sales pitfalls from a community and customer perspective. You need an NFT collection to sellout otherwise it could taint the success of the project.
First NFT project to be on the launchpad is in progress
Wants to make the NFT launchpad the best thing ever, directing a lot of time to make sure it is polished
Believes there is a high demand for the NFT launchpad due to projects having the art but not the other necessaries to gain a position in the market
Projects need a guide to walk them through the Web3 experience, the metaverse and create a market strategy
BAS has the skills, experience and the manpower to scale and make a huge impact in this space
The launchpad will feed directly into the BAS ecosystem, allowing community diversity and leveraging of collaborative assets – benefits everyone
Integrations of these projects with the BAS game/ecosystem need significant planning - needs to have a viable value case in order to proceed. Very important that there is scope to the value that can be provided by adding to the ecosystem. Tactical and strategic planning is immense and what the community sees currently is like an iceberg – so much going on below the water
No definitive answer currently
BAS is looking at different ways where this can be incentivised, ultimately the focus has to first be on the game itself being fun and driving players into the economy, from there different earning mechanisms can be strategized
Action and demand is key
BAS doesn't want this area to be overused – not favorable long-term currently
Intention is to provide an ecosystem that has no barrier for entry, but this can[t be led with as it would flood the ecosystem and cause less tangibility of use-case and less intrinsic value
Idea is to create a critical mass of users that will move their apes through the ecosystem for different purposes and strategies, once this occurs then there is traction and incentivisation to build this kind of system
Long-term future of the project and community is the most important factor
Currently monetary value won't be assigned to these tokens due to legal factors, though this will be monitored continuously
If there is demand for high level apes, bananas will equate to monetary earnings due to the demand – whether or not you can immediately sell those bananas. Avoidance of early oversaturation is key
By introducing banana earning at a lower level entry point, this equates to management issues due to it opening the floodgates
Anything introduced here needs to benefit the sustainability of the ecosystem. Balance is critical