Document Details

Title

Loot NFT Timeline

Uploaded On

19-Oct-2021

Loot NFT Co LLC

Our Approach Our Products the fund We are a technology startup with an operational product enjoyed by real customers from day one. Therefore, our milestones are more like planned product upgrades and feature enhancements. In light of our radical transparency commitment to our customers and our vision to grow towards a decentralized ecosystem, we chose to disclose what we are working on and the approximate timelines for releases. We may update this timeline, reprioritize or scrap planned features that we believe are in the best interest of our customers. We respect the finality of smart contracts and the practical complexity underlying our software products. For this reason, we have taken a tiered approach to fulfill our vision. Centralized ecosystem. Our system is complex. Our number one priority is delivering a robust experience with a simple user interface without glitches. This period of centralization and custodianship allows us to innovate and iterate in a sandbox-like environment while applying best-in-class solutions with modular components ready for decentralization. This approach has proved extremely valuable in practice to date. In parallel with our centralized modules, we are mirroring transactions in our permissioned blockchain. When our technology matures, we will progress to dismantle our centralized modules with a bi-directional link between our permissioned environment and public blockchains. Centralized ecosystem, with blockchain interoperability. While our transactions are mirrored on our permissioned blockchain, like everyone in the field, we connect to public chains for sending and receiving LTT to and from members' custody. In addition, we also allow sending and minting new NFTs on chains we support. Nothing prevents owners of NFTs today from requesting extraction of their NFTs and the pick up of physical creations linked to the same. The road to decentralization. How we decentralize is addressed in our patent-pending process. Only when our entire ecosystem is mature enough will we start to dismantle the centralized components of Loot NFT. Some parts (such as the battle-bidding arena) are expected to remain on the permissioned blockchain, while other modules may use the most appropriate blockchain (or blockchains) for the job at the time. To bring about complete decentralization, we intend to use our X by SL hardware (i.e., Loot NFT may only be accessible from tablets). The LTT mining site. Redeem LTT for products and services. Manage land in Loot NFT World. View Loot NFT World and its stories. 1 July 2021 Soft release of the mining site (released as Loot NFT then changed to Loot Arena). 1 1 April - 31 December 2022 (Est.) Smart contract audits along with the dismantling of centralized modules. 1 May 2022 (Est.) - Stage 3 New UI enhancements, products, services, and features. 8 9 31 August 2021 Soft release of The Fund by Loot NFT. 2 15 January 2022 Ecosystem launch and monitoring period, blockchain explorer released. 7 30 September 2021 Soft release of Loot NFT World (all zoning types except Type W ). 3 31 December 2021 Release of X by SL (web version). 6 31 October 2021 (Est.) [i] Soft release of Satoshi's Lounge. [ii] Implementation of Credit purchases with USDC. [iii] Implementation of LTT sales for Credits on platform. [iv] Single Sign-On across Loot NFT. [v] First auctions on Satoshi's Lounge. [vi] Minting of NFTs for Type W in the Fund. 4 30 November 2021 (Est.) Extraction of LTT and NFT from the ecosystem. [i] Stars Arena, [ii] Relisting, [iii] Parliament. 5 STAGE 1 STAGE 1 STAGE 1 STAGE 3 STAGE 1 STAGE 1 STAGE 2 STAGE 2 STAGE 1 STAGE 2 STAGE 3 STAGE 1 STAGE 2 LOOT NFT WORLD High-value exclusive auctions. Permissioned blockchain environment. lootnft.io/documentation For more information, click on the following link. STAGE 1 STAGE 2 STAGE 3