Levana's Strategic Shift Amid Crypto Challenges

Levana's Strategic Separation

Amidst the ongoing bear market, Levana is strategically separating its GameFi sector from its DeFi offerings. This move is motivated by the need for fundraising and investor support to develop the GameFi platform independently. The creators of Levana Dragon Rider are steering this shift to position their GameFi as a community-owned, decentralized platform.

Key Assets and Offerings

Levana's GameFi sector aims to feature various products, including NFTs in their treasury, Luna tokens from Terra royalties, and 8,888 NFT images of baby dragons. Additionally, they possess the source code for existing games and 3.8 million UST, alongside intellectual property rights for stories, characters, and comics. A governance token is also part of the plan, with 10 million LVN tokens to be transferred to a Decentralized Autonomous Organization (DAO) representing the community.

Historical Context and Current Challenges

Levana originally launched in August 2021, focusing on leveraged DeFi products like Index Tokens and Perps on Terra. Despite the initial success with over 10,000 monthly active players and eight games on Terra, the crash resulted in a $7 million loss from their treasury. Consequently, Levana transitioned to Juno, where new NFT Dragon Riders were minted.

Future Prospects

The future of Levana's GameFi sector remains uncertain. Options include transitioning to a community-led project or securing traditional fundraising. Despite regulatory challenges and the crypto winter, Levana is determined to advance its DeFi sector independently. However, without necessary funding, the GameFi project might face indefinite stagnation.

By understanding Levana's strategic moves and challenges, stakeholders can better anticipate the evolving landscape of decentralized finance and gaming.