Joshua Verheul likes to keep things interesting. He studied three majors at the University of Cape Town: Economics, Financials, and Environmental Sciences. After graduating from college, he began a traditional financial job with a wealth management expert, but his love for something interesting returned him to cryptocurrencies in 2013.
He was interested in Web3, but it hadn’t been named yet. Instinctively, he knew that change was happening in this space.
“This is arguably the hottest buzzword right now, but even in 2013 I knew I had slipped into an interesting section of the financial markets,” he says.
Verheul defines Web 1 as read-only, Web 2 as read and write, and Web 3 as read, write, and own.
“The transition from very painstaking centralized finance to decentralized finance is very exciting. And being here first is off the charts.”
Not only was Verheul excited to participate in Web 3, but he also wanted to participate in the creation of Web 3. To that end, he co-founded Spark World in collaboration with Jolyon Horsfall. For both founders, non-fungible token technology, a way to capture and store digital data and 1: 1 value on the blockchain, is a key component of Decentralized Finance (DeFi) i.
“In fact, SparkWorld is its core innovative Web3 NFT lunchpad. That is, the NFT collection where the NFT project could come to us and be a bespoke or complementary launch of an existing project. Our platform also displays multiple other projects via the NFT Marketplace Aggregator.
“We’re also planning to add a range of DeFi and staking options for the community. SparkWorld is based on the Avalanche platform for speed, low rates, and an amazingly passionate AVAX community.
“Community is everything.”
Verheul sees SparkWorld overcoming the early challenges surrounding NFT launches, including reliance on first-come-first-served access, bot spikes, and difficulty accessing popular whitelists.
“We are addressing these issues through a new concept, the start of fair predictions or a gamed concept called FPL. Let the community predict the price of AVAX tokens at a particular date and time, for example. You are guaranteed to earn native Spark tokens for engagement. If the prediction is successful, the predictor will be given an NFT whitelist assignment, but if the prediction is wrong, a disciplinary fee will be charged. Does not occur. “
SparkWorld will be billed as a mutually beneficial platform.
“You can buy, come, make predictions, and bet. That is, you are interested, but if you succeed, you also get the right to buy an NFT or a whitelisted NFT. ..
“If someone becomes the best predictor, they will get more rewards, but if they make a mistake, no one will be punished.
“We will also expose all NFT projects featured on our platform. All teams need to run KYC to be featured on our platform. No more anonymous rugs. No need to pull. “
Verheul expects the platform to have a variety of NFT collections, from games to art to music. He is particularly keen on bringing community collections to the site for SparkWorld to act as a hub.
“We want to collaborate with NFT projects, weekly and monthly forecasts, tournaments, guilds, and Metaverse integration. Our platform is where people visit every day, interact with the community, and win great prizes. It will be a place. “
SparkWorld fits into a community-minded platform and is built on five key principles. Transparency, accessibility, integration, fair forecasting start and community.
“With blockchain and smart contacts, anyone can see the movement of funds and NFTs across the platform. Transparency is our key value, so all FPLs utilize the Avalanche network. Based on an unreliable blockchain contract.
“Soon, SparkWorld will move to DAO, where everyone will be able to speak to NFT partners from participating users, and will launch the founder’s NFT collection with the community members who have been most involved in the launch.
“Currently, SparkWorld is in the final stages of a private round of funding, after securing key backers in seed and private rounds, and the start date is imminent. Everyone and everything is working hard.
“We’re in the final stages of development and testing, but it’s going to be even more interesting,” Verheul concludes.