ย 

NFT Star X IPIP AMA Recap on September 3rd



Part 1 โ€” Introduction and questions from the Twitter retweet

Cassidy L | NFT Star :

Good day everyone. Hope you are all nice and warmed up for our amazing AMA

A pleasure to have you here sir @sammyarora

Now there's a lot of people who are interested in IPIP NFT, can you please introduce yourself and the project?

Sammy Arora | IPIP :

Hi everyone! Pleasure to be here for our FIRST ever AMA!! ๐Ÿ™Œ

Sure, let me get started by saying that we have a great team here working extremely hard to ensure we offer the best product to our users and potential community! We are a service platform who offer multiple different key features! I will be sharing a brief description of all our services and let's get started! ๐Ÿ˜„

IPIP is a community-based initiative to provide products and services that explores future use cases of the NFT data structure.

1. IPIP Marketplace

An open NFT marketplace that supports peer-to-peer trading of NFTs in the form of artworks, encrypted collectibles, in-game items, as well as redemption records from IPIP LaunchPad. We also have one of the lowest fees in the market!

2. IPIP LaunchPad

The platform stands apart as it allows unrestricted trading of redemption records in NFTs, aiming to grow traditional crowdfunding into the concept of "zero-inventory e-commerce". This is something we are really excited for and will share a lot more as we get closer to our launch!

3. IPIP Museum

A virtual space to host exhibitions of digital objects. The IPIP team aims to also allow users to create sensible digital profiles of themselves in the future. We aim to start with our first museum exhibition with the theme of โ€˜History and current development of NFTsโ€™ showcasing the evolution of the NFT ecosystem from where it was to where it is now giving us the opportunity to show the community the future potential and growth of the market. More details regarding our first event are yet to be finalized and shared with the community so stay tuned for updates!

4. IPIP Games-On

An exclusive service platform for the incubation and development of games, leveraging the creators and IP resources from the marketplace & the creator-to-player community.

Cassidy L | NFT Star :

Thanks๐Ÿ˜„

Now Letโ€™s go to the Twitter Questions! We have 5 twitter questions for you.

Sammy Arora | IPIP :

Awesome! I can't wait to hear what everyone has to say.

Cassidy L | NFT Star :

Here is the first one: Tell us about your core team members background and How they started with IPIP NFT? from @xxriohunter

Sammy Arora | IPIP :

Great question! Let me first give you all a brief introduction to the background of our team

The IPIP team consists of members with a strong footprint in the industry, having previously worked with Binance, the largest crypto exchange there is today. The core members played key roles during their time, focusing on Binance Investment, Binance Core Tech, and Binance Research to name a few. The team is also filled with advisors and other key individuals who served in major corporations such as Ali Baba, Morgan Stanley, Tencent and Microsoft to name a few.

We came up with the idea of IPIP as the NFT market is growing exponentially and we are all quite aware of that! The global NFT market grew by over $2.5b in just the first quarter of 2021, which is around 183 times the amount seen in the first quarter of 2020. OpenSea, one of the largest NFT marketplaces, saw sales of around $150m in June 2021 alone! Such staggering numbers are extremely encouraging for the growth and expansion of the NFT ecosystem. With the rise of NFTs in the crypto industry it was inevitable that this technology was soon going to be a revolution into the way we look at the cultural aspect of the world. Things like art, music, fashion, and gaming to name a few have been industries with limited revenue streams and few use cases. NFTs have given the cultural industry more value encouraging more people to get involved. Along with that, we are looking to leverage the power of blockchain and DeFi technology to create a new environment for the success and growth of NFTs.

We are not just a regular NFT art marketplace, instead we are building a collective platform enhancing the current infrastructure with more possible use cases and opportunities for all creators, collectors, projects and the regular crypto community. Our goal is to combine and bring together the NFT, crypto, DeFi and non-crypto communities on a single platform! โ˜บ๏ธ

I hope this answers your question!

Cassidy L | NFT Star :

Thank you๐Ÿ‘

The second question: Collaborations and partnerships are some of the most important cornerstones to help improve adoption. Can you tell us about your current partners, plans for partnerships and what everybody stands to gain from these partnerships? @ManissLaris

Sammy Arora | IPIP :

This is an exciting one! We have a few partners we have already announced and some major ones on its way!

We are currently partnered with No Name Studio, a resident art gallery based in China in an effort to bridge the gap between digital and physical art. Neal Digital Gallery is another one of our major partners! NEAL hosted NFT ART WEEK, the worldโ€™s largest NFT exhibition, including over 500 artists and screens for display in Beijing along with over 2000 NFTs displayed on VR virtual Galleries. NFT ART WEEK had a major impact within the NFT community in China, hosting over 12,000 visitors during the 8 day period and featuring artwork by major artists such as Mr. Misang, Ali Sabet and Krista Kim who were some of their top name artists.

X World Games and IPIP have also formed a strategic partnership making some of their Dream Cards available on the IPIP marketplace and supporting settlement in BNB. This is the first step in this thrilling partnership with many more campaigns and collaborations to follow. XWG have also collaborated with the Binance NFT Marketplace where they sold out 1000's of dream cards in under a minute!!!

Finally we have major partners to announce so stay tuned for that. To give you all a small hint one of them have nearly 150 million unique monthly visitors and over 1 million Twitter followers so this one is going to be hugeee! ๐Ÿ˜Ž

Cassidy L | NFT Star :

Thanks. That's very impressive๐Ÿคฉ

Sammy Arora | IPIP :

I know!! We can't wait

Cassidy L | NFT Star :

The third question for you today: Can you list 1-2 important features that put you ahead of your competitors? What is the competitive advantage your platform has that you feel most confident about? @CryptoCj3

Sammy Arora | IPIP :

Definitely! For me personally the IPIP LaunchPad and the Games-On feature stand out the most and I can't wait for us to showcase them to all of you. I have already given a brief intro to them in our intro but let me dive in a little deeper!

The IPIP LaunchPad is a place for creators to crowdfund their NFT, crypto, DeFi, and gaming projects, art, and any other kind of products. This is an exclusive feature on the IPIP platform which is not available to any and all creators. Creators must apply or be invited to take part in our LaunchPad ensuring the best quality of projects for our community and token holders. All projects will be reviewed by our research team ensuring we give our users the best there is to offer!

For a more technical analysis - users of the current crowdfunding platforms cannot do anything to their redemption records after the funding period ends. It creates a huge inconvenience when users have a change of mind, or when fans miss the contribution period. IPIP LaunchPad is our vision of web 3.0 Kickstarter. Using a blockchain-based infrastructure, the platform stands apart as it allows unrestricted trading of redemption records in NFTs.

IPIP Games-On is an exclusive service platform for the incubation and development of games, leveraging the creators and IP resources from the marketplace & the creator-to-player community. This feature does not only allow the listing of projects instead the development, enhancement and further curation of gaming projects on IPIP.

The platform allows creators and projects to deliver content and establish direct relationships with potential players and fans. The IPIP Community enables millions of players to find early access to games, share ideas and become early sponsors.

Cassidy L | NFT Star :

Thank you for this, great to know what you are working on๐Ÿฅณ

Sammy Arora | IPIP :

This only the beginning ๐Ÿ™Œ

Cassidy L | NFT Star :

4. What benefits do IPIP tokens provide to those who hold them? @Choco79179162

Sammy Arora | IPIP :

One of the most important questions for our community! ๐Ÿ˜… The IPIP token has several use cases some of which I will outline below, with more to be added on once we launch more guidelines for our product features.

Access to the Launchpad

Users who wish to participate in exclusive Launchpad sales will have to stake $IPIP tokens to gain access.

Fee sharing

50% of all profits collected by the platform will be used to conduct $IPIP token burns and liquidity provision.

Mining rewards

Users who successfully acquire NFTs on the open market will be rewarded with $IPIP tokens.

Community incentives

The $IPIP token will be used as a reward for participating in community programs.

Become a Trusted Merchant (TM)

Trusted Merchants are required to stake $IPIP tokens in exchange for getting higher priority in searches. If malicious behavior is reported, staked $IPIP tokens will be slashed and distributed to victims.

Cassidy L | NFT Star :

Thank you so much!

Now it's the last twitter question: Do you have plans for expanding to non english speaking communities and hiring ambassadors from different nations of the world to ensure marketing wideness? @nicole_binuya

Sammy Arora | IPIP :

Love this! Glad someone brought up the ambassador program ๐Ÿ˜Ž

Yes we will definitely be expanding to more communities further down the line! We will potentially target the community in Asia first and then make strides globally!

As for our Ambassador Program we have some extremely eye catching offerings for everyone who would like to get involved. There are several ways you can do this:

1. Onboarding Creators

2. Onboarding Collectors

3. Onboarding Partners

4. Bringing in investors

5. Any other proposals you may have!

For a more detailed understanding on this you can check out our ambassador prorgam on: https://www.ipipnft.com/ambassador

We would love to have you on board! ๐Ÿ˜„

Cassidy L | NFT Star :

Thank you so much, this is massive news for all of us๐Ÿ˜‰

Sammy Arora | IPIP :

Thank you for having us!


Part 2 โ€” Live questions from the Telegram community

Q1 from telegram username @Kumpass_Skater

NFTs is hot trending now, Do you have a play to have NFTs in your platform? If so, can you tell us yhe plans of your project in NFTs?

Sammy Arora | IPIP :

Yes we do! As I previously mentioned, our current partners No Name Studio and Neal Digital Gallery have a massive range of creators who are in the traditional and NFT space, with some major artists. Over time we will start on boarding some of these creators to build our marketplace. We will also be collaborating with other future partners to do major NFT drops and joint campaigns, so stay tuned for more info!

Q2 from telegram username @SilverShadeFox

How did you come up with the idea of creating your Project solution? Was it due to impermanent loss or some similar personal experience that made you understand that there would be room for such solution?

Sammy Arora | IPIP :

Great question! We currently see that there are gaps in the NFT industry some of which include lack of utility for collectors and less incentives for the creators. Due to our extremely talented team we have been fortunate to speak to many projects and major creators and collectors in order to gain some insight into the current problems and therefore we are working on all our product features in order to cut down the problems and build more solutions.

Q3 from telegram username @UnbeatenDJChris

Do you have any Coin Burn / BuyBack systems or any $Token Burn plans to increase the value of Token & attract Investors to invest?

Sammy Arora | IPIP :

Yes we do, 50% of all profits collected by the platform will be used to conduct $IPIP token burns and liquidity provision.

Q4 from telegram username @KayeYi

Does your Project have a marketing strategy to expand on social networks to reach more Investors and your Project community? And how will you handle it? How important is community support for the $your Project project?

Sammy Arora | IPIP :

Onboarding partners regularly and engaging in proactive campaigns with a focus on growth hacking. Further strategies include GameFi projects/artist/studios /commmunities/KOLs collaborations and major NFT campaign drops. These are all key aspects of our current and future strategy.

Q5 from telegram username @dannybtran

According to the roadmap, what are your most important next priorities? Does your team have enough funds and strong community to achieve those milestones?

Sammy Arora | IPIP :