NFT world is widely known for digital art and collectibles, its potential for a digital asset-based economy has been underlooked. Lepasa, a fast-emerging virtual Metaverse space, promises to be a game-changer in this respect. Pivoted around audited smart contracts, Lepasa is well on its way to providing trusted and reliable Metaverse use cases for its users. Analytics Insight has engaged in an exclusive interview with Ashish Agarwal, Co-founder, of Lepasa Metaverse.
1. Kindly brief us about the company, its specialization, and the services that your company offers.
Lepasa Metaverse: – STATE OF THE ART, VIRTUAL REAL ESTATE
Virtual lands are envisioned as spaces where anyone can go and hang out with their friends via a monitor or through their virtual reality headset. Eventually, enthusiasts expect metaverse real estate properties to support virtual structures, where users can build whatever they’d like. But contrary to the fact most of the existing options are either low poly, cartoonish, or tokenized games. It is difficult to think of a real, immersive experience in the current scenario.
Web 3.0 will lay the foundation for the phenomenal evolution of the Internet. That’s the reason the millennials are flocking into this, their expectations from metaverse could be immense in the context of enhanced experiences, gamification, and financial gains. True to the belief of web 3.0, we are adding a 3D layer to the existing model of the tokenized, low poly / 2D version of the constrained metaverses. We are building an enthralling, immersive 3D visual experience. A planned Metaverse will provide immense opportunities to participants.
2. With what mission and objectives, the company was set up? In short, tell us about your journey since the inception of the company?
Lepasa is an immersive, virtually-real, planned metaverse. Designed & developed by a team of leading architects, designers, 3D artists, real estate developers & blockchain veterans. Based on the concept of cosmic energies, love, and harmony. This virtually real world will provide a gateway to a virtual digital assets-based ecosystem. Lepasa is planned to be an enthralling immersive experience. Our vision is to set an example in the world of futuristic, state-of-the-art metaverse architecture.
We have been able to deliver the world’s finest, functional NFTs, with 3000+ users we are in the early stage of business development. We have partnered with some of the leading projects in the blockchain industry like Polygon, FalconX, EPNS, Forward Protocol, etc.
3. Tell us how your company is contributing to the IoT/AI/Big Data Analytics/Robotics/Self-Driving Vehicles/Cloud Computing industry of the nation and how the company is benefiting the clients.
3D & IoT
The decentralized web will be based on blockchain technology, & IoT is going to play a major role in it.3D reconstruction and the Internet of Things, or IoT, are the final technologies that enable the metaverse. To create realistic spaces in the metaverse, 3D reconstruction or spatial computation is required. It aids in the creation of photorealistic structures, objects, and physical locations in the metaverse while adhering to physics and science principles.
The usage of IoT as one of the essential technologies for metaverse development, on the other hand, can stimulate linkages between the metaverse and a variety of real-world objects. As a result, 3D reconstruction and the Internet of Things can help to create the metaverse as a digital world that is a replica of our own.
4. Kindly mention some of the major challenges the company has faced till now.
The most challenging part in such futuristic, comparatively newer concepts is mostly around finding the right resources/talent. We have been lucky on this part as we have been in this space for a long. Still, we too have to struggle while growing our team.
5. What is your biggest USP that diﬀerentiates the company from competitors?
Lepasa creatures are the “Fine Art 3D Game Ready NFTs”, And Not Just JPEGs. Lepasa NFTs gives the owner access to the actual source file, in turn, the NFT owner can animate and use it in the games, videos, 3D Metaverses, and so much more. Our NFTs give owners access to the actual source file, not just a picture of it. These source files can be used in games, videos, pictures, and so much more. The quality of our NFTs will set a new standard in the industry.
6. How is IoT/Big Data/AI/Robotics evolving today in the industry as a whole? What are the most important trends that you see emerging across the globe?
We are in the Blockchain industry, and it is growing at unprecedented speed, furthermore, we are looking forward to WEB 3.0 -the next revolution of the internet. Metaverse will lay the foundation for WEB 3.0 and we are building the first-ever planned, immersive experience of the metaverse.
7. What are your growth plans for the next 12 months?
The global Metaverse revenue opportunity could approach $800 billion in 2024 vs. about $500 billion in 2020, based on Bloomberg analysis and Newzoo, IDC, PWC, Statista, and Two Circles data. Major factors that are expected to drive the growth of the metaverse market include strong growth opportunities in the adjacent technology markets such as Virtual Reality (VR), Augmented Reality (AR), Mixed Reality (MR), Blockchain, and Digital Assets & others.
Lepasa Metaverse is building a sustainable ecosystem with enormous possibilities for content creators. Lepasa is planned to be an enthralling immersive experience. Our vision is to set an example in the world of futuristic, state-of-the-art metaverse architecture.
Our roadmap for the next 12 months consists of extensive development on tech grounds, community growth, more partnerships in the industry & greater brand awareness. We are also in discussion with some of the industry’s leading VC / Investment firms to support our mammoth development efforts.
8. Which industry verticals are you currently focusing on? And what is your go-to-market strategy for the same?
We can certainly say that the next few years of internet evolution will revolve around blockchain & decentralization, Metaverse will be the real reflection of Web 3.0.
The hype around Metaverse is large because of Facebook’s rebranding to “Meta” in October last year. Billions of users around the world witnessed “meta” appearing in front of their eyes every day while using Facebook, Instagram, or WhatsApp. We are very early in realizing the real potential of the Metaverse.
We are looking forward to the mass adoption of blockchain technology in general. We are still very early, day by day people are getting more familiar with AR /VR, digital & Virtual assets. We have observed in the last year, that more and more banking/finance giants are taking interest in blockchain & digital assets. Citibank, JP Morgan, and Goldman Sachs to name a few.
9. What is your Leadership Mantra?
A long-term sustainable vision, focus & consistency. We strongly believe in focused, consistent efforts which eventually lead to greater, sustainable results.
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