Title
Launch Sphere - Gaming NFT Marketplace Now
Authors
Kabramanan
Summary
This proposal aims to launch Sphere, a gaming NFT marketplace on the blockchain now, instead of waiting for the crypto bull market to start and NFT volume to pick up again. The competitive landscape is changing and we risk losing market share if we wait.
Abstract
Sphere is a gaming NFT marketplace that will be built on the blockchain. The marketplace will provide a platform for gamers to buy, sell, and trade NFTs related to their favorite games. While we originally planned to launch Sphere during a crypto bull market when NFT volume is high, the competitive landscape has changed, and we risk losing market share if we wait. Many competitors are launching gaming NFT marketplaces and gaining market share. By launching now, we can establish ourselves as a leader in the space and capture market share before our competitors.
Motivation
The gaming industry is experiencing tremendous growth, and NFTs are becoming increasingly popular. However, there is currently a lack of dedicated marketplaces for gaming NFTs. Our original motivation for launching Sphere was to fill this gap and provide a platform that is tailored to the needs of gamers. While our motivation remains the same, we now face increased competition in the market. By launching now, we can establish ourselves as a leader in the space and capture market share before our competitors.
Rationale
There are several reasons why we should launch Sphere now instead of waiting for the crypto bull market:
- Increased competition: Many competitors are launching gaming NFT marketplaces and gaining market share. By waiting for the crypto bull market and high NFT volume, we risk losing market share to our competitors. By launching now, we can establish ourselves as a leader in the space and capture market share before our competitors.
- First-mover advantage: By launching now, we can establish ourselves as a first-mover in the gaming NFT marketplace. This can help us gain early traction and establish our brand before the market becomes saturated with competitors.
- Early adoption: By launching now, we can attract early adopters who are eager to participate in the gaming NFT market. These early adopters can help us refine our platform and provide valuable feedback for future iterations.
- Flexible pricing: Launching now allows us to experiment with pricing strategies and adjust our platform as needed based on user feedback. Waiting for the crypto bull market to start may limit our ability to experiment with pricing strategies.
- Building credibility: Launching now demonstrates our commitment to the project and builds credibility with potential partners and investors. This can help us attract new partnerships and funding opportunities that may not be available if we wait.
- Increased user base: By launching now, we can tap into the growing user base of gamers and NFT enthusiasts. The gaming industry is experiencing a surge in popularity, and there is a growing interest in NFTs. By launching now, we can attract users who are looking for a dedicated platform for gaming NFTs.
- Diversification: By launching now, we can diversify our revenue streams and reduce our reliance on a crypto bull market. Waiting for the crypto bull market to start may limit our ability to diversify and explore other revenue opportunities.
- Marketing opportunities: Launching now allows us to take advantage of current marketing opportunities, such as events, sponsorships, and collaborations. These marketing opportunities may not be available if we wait.
- Innovation: Launching now allows us to innovate and improve our platform based on user feedback. We can continuously iterate and improve our platform, making it more user-friendly and feature-rich.
- Timing: It’s difficult to predict when the crypto bull market will start and how long it will last. By waiting, we risk missing the optimal timing to launch our platform. Launching now allows us to take advantage of the current market conditions and establish ourselves as a leader in the gaming NFT marketplace.
- Cost: Waiting for the perfect time may result in higher costs. As we delay the launch, we may incur additional expenses such as maintenance costs, hosting fees, and salaries. Launching now allows us to start generating revenue and offset these costs.
Please comment out your thoughts below.
Thanks.