Behind the Curtain: GigaSpace

Starting an NFT project can be an exciting venture, especially for those with artistic and design experience. However, it is important to note that launching and managing an NFT project is not all rainbows and sunshine.

That’s why we’re launching our latest series — Behind the Curtain.

In this series, we interviewed the founders of MOOAR Season 1’s top winners to provide aspiring NFT project creators inspiration — and an exclusive peek behind the curtain. In the past, we have already touched on our S1 Grand Winner HypeSaints in this piece. We’ll address potential concerns and challenges as well as the logistical and management expertise that goes into running a project.

Today’s project? The incredible NFT metaverse project GigaSpace. Let’s get to it!

About GigaSpace

First, some context:

GigaSpace is a community-metaverse where everyone can purchase land NFTs to create content and explore worlds. They’re looking to create an ecosystem that will connect and unify web3 communities.

While the founders are staying anonymous, they have been working in the blockchain industry for years, participating in different blockchain projects such as crypto exchanges, DeFi projects, and the world of NFTs. Their common ground is their fascination with the idea of the metaverse.

GigaSpace offers a platform to drive web3 adoption by helping brands and partners build their presence in the metaverse and is unique from other projects for a number of reasons

• GigaSpace makes it easy for everyone to build, play, social, and create business in our metaverse. You can instantly create endless possibilities with your imagination by utilizing our intuitive tools and customized services.
• Addressing the NFT utility issue, GigaSpace helps projects build and create endless use cases such as avatars, games, virtual community, etc. Benefiting the art community as a whole, GigaSpace provides metaverse utilities for NFT projects.

Logistics Pre-Mint

Here’s where we get down to the brass tacks. We chatted with GigaSpace to hear how they approached the pre-launch and preparation for minting across a number of categories:

Note: all interview responses edited for clarity

Conceptualization: It took time for conceptualization. Inspiration can only be cultivated, but not forced. Designs have to be done in parallel, otherwise you will never be able to kick start the process. However, do expect infinite edits. We also drew inspiration from movies like Ready Player One, as well as desiring to create a world where you could do whatever you wanted to.

Promotion: Launching and marketing can be particularly difficult for creators, that’s why launchpads like MOOAR are extremely helpful. That can save you a lot of time and resources, so you can focus on your creation process.

Pricing: Given the current market situation, your pricing strategy has to be very conservative. So, fulfilling your roadmap with only the amount from the sale can be very challenging. And of course, your roadmap has to be reasonable, you can’t aim either too high or too low.

So royalties become very important for sustainable development. To encourage transactions and trading, you need a very strong community. Even if you already have a lot of experience and a strong team to grow the community, launchpads like MOOAR can easily amplify your work.

Logistics Post-Mint

What happens after the excitement dies down? Many creators think that pre-mint is the toughest period, but post-mint is when things get real. Here’s what Gigaspace told us:

Quality and consistency: The post-mint phase is arguably tougher because there is more at stake. Once people have invested in your project, they expect a certain level of quality and consistency. This means that as a founder, you need to stay on top of your game and keep delivering.

No shortcuts: There is no magic pill or shortcut to building a successful NFT project. It requires hard work, dedication, and a willingness to keep grinding and delivering. Whether it’s creating new content, engaging with your community, or innovating new ways to showcase your NFTs, you must stay committed to your project and your audience.

Community, community, community: Building a loyal community around your NFT project is crucial. You need to engage with your audience regularly, answer their questions, and address their concerns promptly. By doing so, you not only build trust and confidence in your project but also create a sense of community and belonging that keeps people coming back for more.

Conclusion

So there you have it! And finally, in closing, here’s the top three points of advice that GigaSpace would give to first-time creators:

Understand the space: While many new companies and individuals see the success of NFTs and want to ride the trend, few recognize the complexities and nuances of the culture. Without thoroughly understanding the space, this can lead to a lot of wasted resources and ultimately a failed project.

Study the culture: NFTs are not just about creating unique digital art or collectibles. They represent a new way of thinking about ownership, value, and community. To succeed in the NFT space, it is essential to take the time to study the culture, community, and technology behind it. This includes learning about blockchain technology, understanding the various NFT marketplaces and platforms, and engaging with the community to understand their needs .

Be a part of the change: Furthermore, it is essential to recognize that NFTs represent more than just a new investment opportunity or marketing tool. They represent a fundamental shift in how we think about value and ownership in the digital age. As such, any NFT project must align with the values and principles of the web3 culture to be successful.

We hope this has been insightful for you. Look out for our next showcase, where we get down to business with Bubble Observers!