Baby Shark Universe price

BSU

#903

BSU functions by integrating multiple entertainment elements and is characterized by a simplified onboarding process designed to ease the transition for new users into Web3 services.

Core Components

• Leveraging Global IP: BSU is built upon the influence of the 'Baby Shark' IP, which has accumulated over 22 billion views and more than 110 million subscribers on YouTube. This provides the project with a substantial potential user base from its inception, reducing the marketing costs and uncertainty associated with attracting new users.

• Hybrid Entertainment Platform: The platform operates on a multi-faceted model rather than a single service.

• Games: It generates revenue through casual mobile and web games based on the IP, such as 'Baby Shark Universe' and 'Baby Shark Pop.' These games are also accessible through LINE's Dapportal, expanding their reach.

• NFTs: The project sells NFT sticker collections using the 'Baby Shark' IP. Three past NFT drops all sold out within one minute of launch. Two of these were collaborations with Pudgy Penguins and Lil Pudgys, which helped establish its presence within the Web3 community.

• Metaverse: The long-term plan includes building a metaverse space where users can interact and engage within the Baby Shark world, intended to expand the platform's value.

• Frictionless Onboarding: BSU simplifies the initial setup process, a common hurdle for Web3 services. It supports social logins and automatic wallet creation, allowing users to access services immediately without needing to install separate wallet software or manage complex private keys. This method has been reported to reduce the drop-off rate during user registration by over 90%, facilitating the inflow of Web2 users.

Baby Shark Universe establishes its ecosystem through a diversified revenue model that integrates gaming, NFTs, and a token economy.

• Game Monetization: One of the platform's primary revenue sources is its suite of casual games. These games provide a stable cash flow for the ecosystem.

• NFT Sales and Partnerships: BSU has conducted sales of NFT collections based on its 'Baby Shark' IP. In addition to its own IP, it has collaborated with other projects in the Web3 market, such as Pudgy Penguins, for its NFT drops.

• The BSU Token Economy: The ecosystem's native utility token is the BSU token. This token is used for various purposes, including purchasing in-game items, paying for services, and as the primary means of payment for minting and trading NFTs.

• Connecting the Digital and Physical: BSU extends the utility of its digital assets into the real world. A system is in place that allows users to exchange specific NFTs for physical 'Baby Shark' related merchandise. This feature connects the online and offline experience, providing tangible value to NFT holders and encouraging community engagement.