Lamina1
Crypto Overview
Overview
Lamina1 is a Layer 1 blockchain platform founded by Neal Stephenson and Peter Vessenes, designed specifically to support the open metaverse and Web3 content creators. The project aims to provide infrastructure for immersive 3D experiences, virtual worlds, and creator-driven economies.
Purpose and Utility
The L1 token serves multiple purposes within the Lamina1 ecosystem: It acts as a native currency for transaction fees, provides governance rights to token holders, and enables participation in the network's proof-of-stake consensus mechanism. The platform focuses on providing tools and infrastructure for creators to build and monetize metaverse experiences.
Business Model Assessment
The core business model revolves around providing technological infrastructure for virtual world creation and doesn't inherently involve any haram activities. The platform emphasizes creator ownership and fair compensation for digital content, which aligns with Islamic principles of fair trade and transparent business practices.
Development and Adoption
The project is in active development with regular updates and improvements. While still in its early stages, the team has maintained consistent progress on their technical roadmap. The testnet was launched in 2023, with the mainnet expected to follow. Several partnerships with content creators and technology companies have been announced.
Token Distribution
The token distribution includes allocations for the founding team, ecosystem development, and community incentives. While specific vesting details are public, the distribution appears designed to support long-term development rather than short-term profit-taking.
Crypto Impact
To assign a comfort level investing in Lamina1 from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Lamina1.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.