AMA Event 18 March 2022 Recap
Hello Parallell community, huge thanks to all of you for making our AMA event a great one!
Here’s a recap for our AMA event with our co-founder Francis Berwa
Session 1: Project Introduction(10 questions)
Q1.Can you please briefly introduce yourself and Parallell?
Sure, I am Francis Berwa, I’m based in New York, co-founder of Parallell. For the past seven years, I’ve been deeply involved in blockchain and emerging markets. I’ve worked on large-scale blockchain projects and invested in a number of them, including ImmutableX, Flare Network, and a few others.
Parallell is an immersive travel and gaming experience in the Metaverse. Explore Earth’s digital twin in Terra3 and a futuristic space station, Utopium. Come discover endless opportunities for play, competition, socializing, creating, and exploring.
Q2.What’s the motivation for starting this project?
We wanted to create a fascinating and interesting world, which is more than just visuals and amazing environments. In our world creation process, we take meticulous attention to the user experience, and the gameplay. We believe that’s a very important role as much as the story telling.
Taking this into consideration we believe that the best metaverse worlds and unique concepts is a process that is built piece by piece.
We call our approach extreme agility which means that we plan our process well, but are extremely flexible to change even when we are close to the finish line. if that is not the best desired result for the users.
Q3.What are the Main Features that distinguish Parallell project from its competitors?
What sets us apart is that we provide a layered. experience. It’s more than just plots of land, which is what you see in other projects, we are building them based worlds and craft storyline to provide a coherent experience that can be both open and guided depending on your preference.
We offer visitors and residents in Parallell a choice on how realistic or how fantastic they want their metaverse to be. On one planet in Parallell, the experience is game oriented like an online RPG. On another planet, it could be a digital twin of an actual physical location on Earth that travelers can explore and interact with.
In the space station, we are creating a high end realistic meeting and commerce hub that players can come and conduct online meetings and transactions on that will be both futuristic but very much linked to our real world
Q4.Can you please explain what the world is like in Parallell?
For this, It depends on which world in Parallell you choose to visit.
As I mentioned, they are crafted experiences.
I’ll start with Terra3 , which is a digital twin of Earth within a constantly expanding, photorealistic metaverse. Terra 3 captures the familiarity of our current real world but ramps up the visuals and underlying narrative to create a curated experience and story.
We are working on something exciting that is about 80% completed on terra3. It will blow people’s minds.
A last note is that on terra 3 visitors can explore, enjoy and unravel the mysteries of a photorealistic rendition of Cerro Tusa, Colombia. This lavish tropical adventure will take visitors to an experience that will come as close as possible to. physical travel and exploration — without the jet lag.
And then we have the Space Station. Utopium which is a galactic, orbital space platform housing a thriving commercial, gaming and entertainment experience set in a Parallell dimension. Players will see familiar storefronts and services that connect to the real offline world and conduct business, play and learn with real or future friends. This one is unlike any experience we have seen from Metaverse projects before.
These first two worlds allow players to choose their level of realism and interaction that best suits them. The worlds are connected through portals for each user to travel to within the Parallell galaxy.
Passport holders can move between wilds to get different experiences depending on their mood and desire.
Q5.Can you explain briefly what your business model is?
Sure, we get a lot of this question.
Because we are an ecosystem platform acting as the foundation for brands and communities within the XR (web, mobile, XR, VR, AR, etc) landscape, we are focused on establishing a broad use-case for web2 and Blockchain communities.
We use two primary ecosystem tokens to make our ecosystem function and drive economic value throughout the worlds.
First our native LLELL(Parallell) token Is used as the medium of exchange between participants in Parallell’s universe in a decentralized manner. The goal of LLELL is to provide a convenient and secure mode of payment and settlement between participants who interact within the ecosystem of the Parallell universe.
But we also included PXL (Parallell Pixels) , our transferable representation of attributed governance and utility functions. A digital certificate of authority for digital assets (Copyright issues) accessed in one marketplace. PXL will play a significant role in integrating the metaverse experience with the physical world — enabling a new era of global trade. Essentially it’s the NFTs in the ecosystem.
There’s a lot of detailed use case of our business model that I’m happy to share, but this gives a general overview of the tokens in our economy.
Q6.Can you explain briefly about Parallell tokenomics and usage?
Happy to, the LLELL token has many specific points of utility, in addition to it being the ecosystem governance ‘currency’ that drives innovation and decision-making in the Parallell Economy.
Some of the utility of LLELL includes granting access to specific tournaments and opportunities, using LLELL as a stakeholder to receive ecosystem rewards and incentives.
In some cases, it is used as a form of exchange for goods and services within the ecosystem or minting digital assets at certain Parallell Asset Stations spread throughout the platform experience.The LLELL token will also be used to incentivize the growth of the network and participation in network activities.
This might help.
Q7.Can you briefly introduce Utopium and digital passports?
This is an exciting question, the Utopium space station is the first of its kind, a luxury station that houses many diverse interest points. There’s common and luxury residences and entertainment travel destinations within this world.
We offer gaming, shopping, and entertainment experiences for brands and communities to interact and explore.
The commercial district parcels which will be among the first to be sold and rented in the Parallell metaverse.
Parallell’s Digital Passports or DP for short, are the next evolution in NFTs. They are not simply NFT’s with limited utility, they are more than just a verifiable collectible.
The DP enables users to travel to various themed locations within Parallell’s galaxy, including our partner worlds, enabling holders to have a single access point to take advantage of diverse activities.
This simultaneously, eliminates the hassle of creating multiple accounts for each world they interact with. Think of how we use our passport to travel around the globe 🌍
Q8.Can you briefly introduce your partners?
We have a big ecosystem we are working with, and are very excited for what’s coming in the next couple of weeks and months.
As we add more, our partnership and collaborator list will only get better, but for now I will share a screen shot to help you get a picture, instead of talking about each individually.
Q9.Can you introduce your development plan?
We are actually ahead of our plans, which is usually rare for such a big project. But shows the team’s abilities and qualities.
Starting next quarter we will launch Parallell’s digital passport NFTs and NFT markets, and in the same quarter the 3D environment and character modeling that are in progress should be completed. To know more, check our roadmap, though as I said we are a bit ahead of schedule.
We continue to add to the roadmap, so I’m sure the next time I share news, it will have a few more adjustments.
Q10.A strong community not only brings interesting ideas to the project, but also attracts large partners. So do you have some ongoing marketing events to build the community.
This is an important question.
To start, I want to share that our team is. international, in fact I think we cover the whole globe with our diverse cultures and geo backgrounds.
And importantly, we are an experienced team that contributes years of professional career paths in building the communities and marketing initiatives. We started recently, but have confidence in the ability to share what Parallell is creating to audiences that will understand and appreciate the mission.
Because we are starting to announce ourselves to the world, we do not have a lot of running activities on a regular basis; however, the $50000 LLELL whitelist was our first way to connect and give back. The campaign is still underway, and it will end on 27 March 2022. Everyone can participate in it by visiting this link. https://t.me/ParallellAirdropBot
There will be more upcoming activities, so to keep up on our progress, and never miss out on some exciting announcements and community incentive, please follow our official media & stay tuned!
The following time is a Q&A session reserved for our community. If anyone has any questions, feel free to ask!
Session 2: Answering Live AMA questions(5 questions)
@VietCo Ng0k:Vast majority of Crypto projects are built just for the sole purpose of amassing wealth for themselves. So, I want to know, what is the value of Parallell aim to add to crypto industry that will bring greater abundance to the industry?
Francis:Great question, we are focused on creating a value exchange ecosystem. So we work with brands and communities to create an opportunity where everyone gets rewarded. We incorporated DAO functions to ensure we are not the only ones voting and making decisions for the future of the ecosystem.
@Carrie: When will the product launch？
Francis:We have a few words launching. The first two Terra3 and Utopium are launching this year. More announcements will be made in the coming weeks.
@Marcelene:Ambassadors play a very important role in every project. Do you have an ambassador program? If yes, how can I be one ?
Francis:We plan to announce a robust program. Including KOL and influencer collaborations. Stay tuned!
@Em Gái Xinh:Is your project a community only for English speaking countries or for users not of other languages?
Francis:We have English and Chinese for now, we will open up more communities as we grow in the coming weeks.
@Thị Mịch:Where can I currently buy Token?
Francis:It’s not available yet, stay connected with our social channels to learn more about when it will be available to the public.
For more information on Parallell, feel free to follow our socials below:
Website:https://parallell.io/
Twitter: https://twitter.com/Parallell_
Telegram: https://twitter.com/Parallell_
Discord:https://discord.com/invite/n3NKQq8628
Facebook:https://www.facebook.com/parallellmetaverse
Instagram:https://www.instagram.com/parallell_metaverse
Medium:https://parallell.medium.com
