Skip to main content

Market Problems and Nümi Solutions

Let's delve into various industries and their associated challenges, and how Nümi is approaching these issues with innovative solutions. Get ready to explore how Nümi is revolutionizing various markets and overcoming the obstacles they face.

Gaming Market​

The gaming industry is constantly evolving, and the market for blockchain games is no exception. Nümi aims to tackle some of the challenges that the industry faces and provide a comprehensive solution for gamers, creators, and investors.

Quality of Blockchain Games:​

Many blockchain games, especially those with a play-to-earn (P2E) model, suffer from low-quality gameplay and simple mechanics. Nümi places a strong emphasis on the quality of interactions within the metaverse and uses the Unreal Engine game engine to deliver a superior gaming experience.

Limited Content Creation:​

Many projects limit the types of utility NFTs that can be created for games, including audio and video files, individual code snippets, 3D models, or full gaming experiences. Nümi removes these restrictions and allows for a wide range of NFT creations.

Complex Content Creation Tools:​

Nümi offers both basic and advanced editors, accompanied by detailed documentation, to reduce the complexity of content creation for creators. The goal is to make the process of creating and monetizing content as accessible and straightforward as possible.

Metaverse​

Low Interest in Web3 Metaverse Projects​

The low interest in web3 metaverse projects is attributed to various factors, including the speculative nature of the cryptocurrency market and the fact that most projects have yet to mature into a polished product with a user-friendly UX and high-quality entertainment content.

Nümi is not a typical web3 metaverse, instead, it combines the benefits of both web2 and web3. It is also a streaming service, NFT marketplace, and crowdfunding platform, all of which are developed concurrently.

Limited to Certain Platforms​

Nümiverse is a cross-platform product, developing versions for both PC and mobile devices, as well as for VR headsets (Nümiverse VR).

NFT and Blockchain Market​

Lack of a Stable Economic Model​

In practice, play-to-earn, move-to-earn, and similar concepts cannot be the sole source of attracting an audience to a project as the decrease in new player flow and the increase in the number of tokens and NFTs in circulation lead to a sharp decrease in motivation to play. The Nümi project retains its users through the depth of its metaverse lore, its streaming service, ongoing activities, and most importantly, through the ability to earn through content creation, i.e., the formation of a content-driven economy.

Weak Utility for Both NFT and Native Tokens of the Project​

This problem is related to the previous one and is the cause of asset inflation in projects. Nümi solves this by ensuring that all NFT items and content have some use in the Nümiverse or are part of it and have a connection to the lore.

Weak Interaction with Brands​

The NFT and metaverse market provides new marketing opportunities. Nümi has numerous ways of interacting with brands: renting banners in the Nümiverse, creating virtual shops and galleries, releasing NFT collections or funding creators in the Nümi Club, promoting through vtubers, and so on.

High Market Volatility​

Despite the significant decrease in activity, the NFT market continues to develop new solutions (e.g., fractionalization, soul-bound NFT, dynamic NFT) and the number of NFT users is only growing in the next few years.

Scalability of Blockchain Networks and High Commissions​

Nümi uses the Venom blockchain with sharding technology. This allows it to avoid high commissions and handle large network loads.

Crowdfunding Platforms​

Lack of Transparency​

This issue is addressed through the use of blockchain and smart contracts, as well as the security and intermediaries issues.

High Risk of Projects​

Nümi Crowdfunding provides the option to break down a project into milestones for staged funding. Part of the tokens are then locked by a smart contract and transferred to the creator only after the results are confirmed by reviewers. This helps reduce the risk of losing all funds in case of a failed launch.

VR/AR Technologies​

Expensive AR/VR Devices and Software Requirements​

The high cost of VR/AR devices is temporary. Considering the impact of COVID-19 and the increase in demand for such devices in various industries (healthcare, online shopping, fitness training, and education), the AR/VR market is growing at an accelerating pace. At the same time, headset production technologies are also developing, reducing their cost.

Furthermore, the Nümi project strives to make a contribution to the development of motion-tracking technologies to make them more accessible to the average user. (Refer to the Nümi Motion Capture section for more details).

Lack of Other Tools for Physical Action Simulation​

The development of full-body user motion tracking programs using cameras can reduce the need for multiple specialized wearable devices. This is also one of Nümi's areas of development.

Content Creation Market​

Content Ownership Issues​

By using NFTs, the rights to created content are secured to the creator's cryptocurrency wallet on the blockchain. Additionally, content published in Nümi undergoes manual and AI checks for copyright infringement.

Creator Funding Challenges​

Nümi creators can raise funds for their projects through Nümi Crowdfunding. The crowdfunding mechanism is completely transparent and regulated by smart contracts, which also resolves issues with collecting royalties from sales and eliminates intermediaries.

Video Streaming (SVoD)​

Limited Interaction with Streamers​

With the capabilities of VR technologies and Nümi's editors, streamers can customize their avatar and virtual studio in detail, invite viewers and conduct shows, selecting the virtual camera angles themselves. Viewers can experience a more lively presence and interaction with the streamer and his studio, sit next to him, participate in voting, communicate, etc.

Growing Competition and Difficulty in Retaining Viewers​

In Nümi, this is solved by the unique opportunity to not only watch content from streamers about events and various aspects of the metaverse, but also to become part of this universe, its stories, and lore. Additionally, there are constant seasonal activities and in-game item drops in the service. There is also a special currency - Influence Points - that can be earned through community activities and used in Nümiverse.