Lost Worlds: Where digital and physical worlds meet through NFTs

Lost worlds works to make NFTs enticing to users while offering real value to them as well as to creators. By creating hybrid experiences where the physical and virtual worlds intersect.

This is possible not only because of the intersection of the physical and digital worlds, but also because the team is developing in such a way that the technical aspect of NFTs does not become a problem for potential users.

When Pokémon GO launched in 2016, millions of people around the world discovered exploring their cities in hopes of catching their favorite Pokémon.

The game’s success meant it became the first app to make Augmented Reality mainstream, showing people that the technology could be a part of their daily lives.

Today, Lost Worlds wants to do the same with NFTs by making them more interactive and fun through their geoNFTs.

This new and unique expression of NFTs allows anyone to create and stamp digital collectibles that can be geo-linked to a physical location that users can then explore to add geoNFTs to their collection.

With geoNFTs, anyone can create custom digital assets that can be connected to real-world locations such as stores, museums, or events. This of course opens up a world of possibilities for both creators, companies and collectors.

geoNFTs: It’s all about location

As the name suggests, and previously mentioned, geoNFTs are NFTs that have been linked to a geographic location.

As Lost World users visit and explore the location, they will be able to get them stamped and added to their collections. Users can then keep these geoNFTs in their collections or trade them freely with other users using any secondary market they choose.

Businesses and creators can use geoNFTs to get interaction from existing and potential customers/followers. By having a drop spawn on their site, they will be able to increase engagement, develop loyalty programs and convert collectors into customers.

To prevent false engagement from taking place, Lost Worlds has implemented strong anti-spoofing measures. This means that users will not be able to spoof their location by modifying GPS data, using VPNs, or other methods that have become popular with other location-based platforms in the past.

Ease of access is key

Since the team behind Lost Worlds wants to make their platform as accessible and easy to use as possible, they have chosen to offer it through a web application. This means that users can access it directly from the browser without having to download it.

This not only means instant access, but also makes it easy for users to interact with Lost Worlds through their favorite device, whatever it is.

Following this thinking, Lost World does not require users to use a crypto wallet to create the NFTs, as this is often one of the major challenges preventing new users from using NFT platforms.

Instead, users unfamiliar with or unwilling to handle crypto will be able to use the Paper Wallet option, which allows them to pay by credit card or Apple/Google Pay.

Those who choose to connect to a crypto wallet will have access to some of the most popular names, including WalletConnect, MetaMask and Coinbase. The process of collecting or creating a wallet takes less than 30 seconds, which means users can start using Lost Worlds without any problems.

Bringing interactivity to the world of NFTs

The potential for NFTs to be more interactive and engage with the physical world is huge, but has not really been explored by blockchain developers.

Lost Worlds is at the forefront of this new frontier, which is to create hybrid experiences by not relying on speculation to provide value. This means that Lost Worlds users must interact with the platform and creators in an intended way, as payment is not the way to acquire geoNFTs.

Lost Worlds uses a system reminiscent of Pokémon GO’s “PokéStop”, which relies on radii of specific locations. Once the user is within this radius, they will immediately be eligible to mint the geoNFTs available in this drop.

You can explore the world here and find NFTs near you here.

Creators can customize the radius of their drops, as large as generating drops from state, country, and global, or as small as a business.

For users, this means they can scroll through a list or explore a map that shows them the drops they are in range of, as well as those closest to them.

Lost World allows users to explore with the sole purpose of gaining new geoNFTs, making the experience more interactive and allowing for innovative applications such as exploration challenges or hunts.

Lost World has also introduced a ‘quests’ feature which is exactly what it sounds like. Creators may choose to allow users to meet certain conditions to achieve these achievements, which in turn will reward them with prizes such as geoNFTs or LOST.

Meet LOST: The Cryptocurrency Powering Lost Worlds

Lost worlds makes use of the LOST token, a deflationary cryptocurrency that will see its supply reduced over time as a percentage is regularly burned with each transaction.

This includes transactions that rely on fiat currencies, as the fees generated are used to acquire lost tokens and have them burned.

LOST is the soul of Lost Worlds despite allowing users to use fiat. Not only will non-fiat users be required to pay for each minting with LOST, but it will also be rewarded to users who share drops and missions.

The token ensures that interaction always takes place, and all users are encouraged to actively engage with each other (creators and collectors).

Users will also be able to stake LOST to generate passive gains, a model popularized by Decentralized Finance (DeFi) platforms many years ago.

However, Lost Worlds has introduced an interesting idea to this effort: for every LOST emitted as a result of staking, the same amount will be burned. This means that users can actively encourage the burning of tokens, which in addition to the emission of LOST will result in increased gains for them.

The road so far and ahead

Lost Worlds was first envisioned by Ad Executive Quaison “Kwaysin” Carter and IBM engineer Adam Sawicki back in 2021 during the peak of the NFT hype. What originally emerged from a brainstorming session via Telegram would eventually become the main project they worked on.

Since then, they have integrated new members into the team and developed a product that is taking the NFT world by storm.

Lost World’s beta became publicly available as part of the Avalanche Summit in 2022, and received support from over 35 brands and projects that chose to create their own geoNFTs.

The team has also successfully implemented LOST’s Initial DEX Offering, completed a private sale, been listed on exchanges such as MEXC and Pangolin, and introduced key features such as missions, staking, Paper Wallet and credit card checkout.

The team is now focusing on launching LOST V2, the second version of the beta that comes with a mobile web dAPP and many of the features the team has developed so far.

Partnerships have also been a big part of the team’s efforts, managing to onboard key communities such as Avalanche Summit, Continents and Portals.