The problem Micro3 solves

Users are rewarded through their NFT minting participation in both social and on-chain quests from Web3 projects. Micro3 also distributes revenue sharing and airdrops based on user’s history and contribution to the platform.

Besides, projects and content creator can leverage on Micro3’s infrastructure to deploy their own NFTs, transfer cross-chain and conveniently snapshot those eligible for airdrop across blockchains (NFT Infrastructure As-A-Services)

Challenges I ran into

1/ Hard to Capture Investment
Given the volatile nature of the cryptocurrency market and the skepticism surrounding new projects, securing funds was not straightforward. To overcome this, we focused on establishing a robust business model and showcasing the unique value proposition of Micro3. We actively engaged with potential investors through detailed presentations and live demonstrations of our platform’s capabilities. Additionally, we leveraged our partnerships with LayerZero and Chainlink BUILD program to build credibility and trust with our investors.

2/ Market Competitiveness
To differentiate Micro3, we emphasized our unique features such as the Mint-To-Earn model and the seamless integration of social and on-chain quests. We also highlighted our NFT Infrastructure As-A-Service, which allows projects and content creators to deploy and manage their NFTs effortlessly. By focusing on these unique selling points, we were able to carve out a niche for ourselves in the crowded market.

3/ People Losing Faith in NFTs
One of the hurdles we faced was the general loss of faith in NFTs due to various scams and market saturation. To address this, we focused on building a transparent and secure platform. We implemented rigorous vetting processes for projects and content creators using our services, ensuring that only legitimate and high-quality NFTs are available on Micro3. Additionally, we provided educational resources to our users to help them understand the value and potential of NFTs in the Web3 ecosystem.