Warp is a brand new, unique take on OHM protocol that turns it into a sci-fi metaverse.
The project is combining metaverse, NFTs, DeFi, and more, to create a uniquely rich ecosystem with never ending opportunities.
It lets users build their own ships, explore the galaxy, win rewards, and much more.
WARP is a new kind of crypto project that combines all major blockchain products and trends to create one of the richest ecosystems out there.
Ever since NFTs exploded in early 2021, cryptocurrency projects around the world have been trying to include them in their ecosystems. Of course, there were countless new projects that emerged to try and find use cases for the new trend and its technology, but there were also many existing ones that were re-envisioned.
One example of the latter is Warp, which is a new project that has some rather unique features, but it actually comes as a unique re-envisioning of the OHM Protocol. OHM in a reserve currency issued by the Olympus protocol. Warp, however, will bring a twist to it, combining DeFi, GameFi, and NFTs with the crypto industry’s newest trend — the metaverse.
What is Warp and how does it work?
Warp is a new kind of crypto project that combines all major blockchain products and trends to create one of the richest ecosystems out there. It uses the newest crypto trend, the metaverse, in which it developed an NFT-based game that relies on decentralized finance to allow users to earn by playing. On top of that, it also supports features like staking and bonding, with the addition of several unique twists that provide a major level of game theory and fun to the platform.
Essentially, Warp allows its users to build starship NFTs using bonds, and then explore its metaverse and travel to distant star systems that represent multiple staking pools. It also incentivizes exploration by providing the highest rewards to those users who uncover a new system first.
Players can power their ships by purchasing fuel cell NFTs, and travel to new solar systems after they are released. Naturally, every solar system consists of a star and its planets, where each planet represents a different staking pool. Every pool comes with its own APY bonus. So, in order to explore the pools and win rewards, players need to be the first ones there, and the only way to do that is to have enough pool to power your ship, and therefore your journey.
In addition to that, the project also lets you create your own unique starship. Every starship requires 3 unique NFT parts, which will be issued with each bond, and if players collect all three, they can build their own ship in the Warp hangar. Of course, you can just keep collecting NFTs, and build and own multiple ships, or even sell them to others.
The three parts include the Hull, the Bridge, and the Engine, with the Hull’s and the Bridge’s main properties being strength, and the engines are determining your ship’s speed.
In total, there are 40,000 parts, with 10,000 unique starships available. The mentioned fuel cells can also be bought and sold on OpenSea, or through bonds.
Speaking of WARP bonds, there are 3 different types that will be available at launch: DAI, MAI, and WARP/DAI LP tokens. Bonds will be vested for 5 days, with WARP tokens then being distributed over the course of the 5-day term.
Warp has come up with the idea of NFT bonds, by minting each bond as an NFT, which is its own way of improving on the OHM Protocol. Every NFT contains bond information in its metadata, and each bond of $250 or more generates a starship part NFT, which happens at the time of bonding.
Warp is a unique and very interesting project that doesn’t only bring a change to the old OHM protocol, but also to the way people handle metaverse, NFTs, and bonds. It certainly provides plenty of opportunities and rewards to its users, alongside a unique and fun experience.