A Look at the Laqira Protocol: An NFT and Metaverse Platform

Laqira Protocol is a blockchain-based platform that aims to create an ecosystem covering multiple crypto and blockchain services. First, let’s look at the platform and how it works.

What is Laqira?

Laqira Protocol is a platform that aims to build a metaverse network consisting of various decentralized applications (dapps). The ecosystem will include applications within the decentralized finance and GameFi sectors.

A common voting mechanism is included in the management of the protocol. The voting system indicates that additional protocol development will occur only when the core team or community members have developed a proposal. The proposal must win enough votes from token holders before the team can implement it in the protocol.

If the proposal receives a sufficient number of votes for it from token holders, the proposal will be approved and moved into the development phase.

NFT Marketplace

One of the main products is the NFT marketplace and all further development in addition to this platform. NFT Marketplace is a completely decentralized application (dapp), and all functionality works via smart contracts directly in the blockchain.

The marketplace enables users to create, buy and sell NFTs. In addition, a 3D engine has been implemented on the market, which uses 3D models that can be built, rendered and displayed as living objects.

An optimized synchronization system duplicates blockchain-based information about the marketplace on an independent database on a server. So a local copy of transaction data from the marketplace is mirrored on the server for a more efficient and high-speed dapp on the user side.

The servers work independently of the blockchain, so if the server and database are lost, the blockchain is unaffected. Furthermore, since the original data of users’ assets already exists in the blockchain, another server and database can be duplicated, including all previous data from the marketplace, in a very short time.

Laqi race

A Drive2Earn game on Binance Smart Chain with an income and finance system based on LQR and BUSD tokens. The game’s protagonist is an alien bot created by Satoshi Nakamoto, who aims to make the world a better place.

Additionally, several other characters and cars are featured in the game, which users can own by purchasing related NFTs. These characters can participate in Ranked and Battle Race modes.

The LQR token

The Laqira token, LQR for short, is the native currency of the Laqira protocol ecosystem. Additionally, LQR is a governance BEP20 token that also supports ERC677 functionality.

Governance is a logic to provide the ability to make proposals from token holders for further operations on ecosystem development and vote for and against them by the community. Therefore, token holders or core team members can make proposals and other token holders can vote for or against the proposals.

If a proposal receives more votes, it will be approved and put into development. Otherwise, the platform will reject the proposal. As a result, the policy of ecosystem expansion is governed by the project’s community. For example, ERC677 is a token capability that the platform can perform the functionality of a smart destination contract only after receiving a specific token amount.

Conclusion

The Laqira protocol is a network governed by the token holders, which aims to build a metaverse, NFT and GameFi ecosystem. The NFT Marketplace enables users to create, buy and sell NFTs and build 3D models to render their assets.