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Sung-Uk Moon, CEO of playNomm, Announces 1 Million DAO to Realize the Value of Web 3.0

Seoul, Korea - (NewMediaWire) - September 23, 2022 - playNomm is proud to announce that they have raised $1 million DAO to realize the value of web3.0. Sung-Uk Moon, CEO of playNomm Inc., has introduced a new NFT marketplace 2.0, playNomm (https://m.playnomm.com/) despite the difficult market.

Since the Fed's giant step in raising the interest rate, risk of global recession, newly discussed government policies worldwide, the crypto winter deepens. Same goes for the NFT markets which were making a rapid growth in 2021.

The value of Web 3.0 is symbiosis, while the value of Web 1.0 and Web 2.0 was sharing

Going through the era of Web 1.0 and Web 2.0, the contents and information became centralized, making a few platform companies to monopolize and make a huge profit out of it. This brought up the issue of sharing to the table. Hence, the core value of Web 3.0 is decentralization. The restoration of data sovereignty of users, and fair and transparent distribution of user-created values are the essential values of the Web 3.0 era.

"The blockchain technology enables data verification and distributed ledger without intermediaries, such as small number of platform-owned companies, and NFT enables digital assets to be valued through proof of ownership and scarcity. These will be the core technology of the Web 3.0 era, along with DAO, which participates in policy making for the network and community through smart contract, and distributes profits fairly and transparently," Sung-Uk Moon said.

LM project is the new symbiosis model for the Web 3.0 era. LM Project's first service platform, NFT marketplace 2.0 playNomm, will be a game changer for the NFT marketplace.

"We had a lot of thoughts on how to make a better future for the individual and society, beyond the cryptocurrency business and blockchain services. Up until now, NFT has been considered as a digital artwork with investment value. However, since the advancement and diversification of Web 3.0, NFT's scope of application and its value will gradually expand accordingly," he said. "NFT should have a real-life value as well as being the digital art collection. That is why NFTs in playNomm is different," he added.

The LM project is based on its owned mainnet, LeisureMetaverse blockchain, and the LM token economy. As the first blockchain service platform of LM project, playNomm runs on its owned mainnet, making it highly efficient with secured safety and sustainability, and zero gas fee. Also, the intuitive UI/UX and wallet service enhance user convenience. Furthermore, playNomm implemented a strong reward model and a healthy token economy with its LM token. "Along with many advantages of the service, the main distinction of our service is really the value of NFTs playNomm pursuits," he said. "Unlike other open NFT marketplace, NFTs being sold on playNomm not only has its artistic value but also many attractive utilities that can be used in the real world, because the NFTs in the playNomm marketplace are selected carefully in planning, creating, and selling stages. This is why playNomm is the new NFT marketplace 2.0 you have never seen before," he added. In recognition of the LeisureMeta mainnet based NFT Marketplace, playNomm acquired UAE 'NFTs E-Marketplace Provider' license this June which has made a foundation of a global growth strategy for playNomm as a global player.

"The core of the LM project is DAO. LM project's vision is to establish a sustainable social, economic, and cultural community that holds the value of trust through blockchain and the value of cooperation through DAO."

Starting with the NFT marketplace playNomm, LM project plans to build a metaverse city and a blockchain Twincity, expanding the online business through the real-life infrastructure-based services, for their next steps. Sung-Uk believes that the principal factor for LM project to succeed is the DAO, since the value of trust is based on the blockchain technology while the value of cooperation penetrates through DAO. As trust and cooperation are the vital features leading to a sustainable life and society, the importance of a healthy DAO is crucial. This is why playNomm is the DAO platform that realizes the value of Web 3.0.

Since playNomm runs on its own developed LeisureMetaverse mainnet, it can provide unlimited number of DAOs with highly active user activities. While providing rewards for the active DAO users with the LM token, it will nurture the many NFT rooted DAOs to become a sustainable social, economic, and cultural communities.

The ultimate goal for LM project is to build a digital city that connects the virtual world and the real-world. In this "Blockchain Twincity," NFTs will become the ID and the members of the DAO will experience a life of economic freedom by utilizing the services provided by the NFTs. The goal for playNomm is to become a global NFT marketplace hub embracing both the playNomm's DAO and the original NFT DAOs.

playNomm is starting its first NFT sale, BPS (Block People Soul) project, this October. A collaboration project by a Brick artist, Jin Kei, and an Ink portrait artist, Younghun Shin, with playNomm's planning and marketing. The purchaser of BPS NFT will become the first member of the playNomm's DAO, and will receive the most rewards and benefits, as the early members in supporting the values of playNomm.

About Sung-Uk Moo

"Trust and cooperation are essential values in our lives and society to be sustainable. LeisureMeta (LM) project started from this, believing that trust and cooperation are the main values that the blockchain technology delivers."

Sung-Uk Moon, CEO of playNomm Inc. has built his career in both private and public sectors. After attending the Davos Forum as a special international economic advisor of Incheon Metropolitan City in 2016, he realized that to live in the era of the 4th industrial revolution, new jobs, new sources of income, and new social management methods are needed in our society. While he was serving as a representative of an ICT company and a member of Economy 2 division of the presidential transition committee, he was convinced that the blockchain technology, NFT and DAO (Decentralized Autonomous Organization) would be the answer to this.

Social Links

Twitter: https://twitter.com/playNomm

Medium: https://medium.com/@playNomm

Discord: https://discord.com/invite/playNomm

Telegram: https://t.me/playNomm

Media Contact

Brand: playNomm Inc.

Contact: Media team

Email: sspark@playnomm.com

Website: https://m.playnomm.com

SOURCE: playNomm Inc.

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