MILC Platform Quarterly Review — Q2 2022
In the second quarter of 2022, MILC Platform has rendered astounding developments on top of all the work already achieved over the previous months. Succeeding the integration with Unreal Engine 5, which is the world’s most advanced real-time 3D creation tool, and the resultant launch of Metaverse 2.0 has led MILC Platform to be on the top of the game. The MILC team wholeheartedly hopes that its community members are as proud of its progress as the team!
Over the period of these last three months, multiple new features were added on the Web3 Social Community Platform and many initiatives were taken for the growth of the community especially in terms of adding more users. The optimizations on the WebGl metaverse will keep going on. Stay with MILC Platform as it delivers its mission to revolutionize the content media industry in an unprecedented manner.
Let’s take you through the second quarter of 2022 at MILC Platform!
♦️ Development Milestones and Launches
Metaverse 2.0, proudly launched in June, is the first accessible browser-based Metaverse built on Unreal Engine 5 + WebGL. MILC Metaverse will connect the world of media and build a bridge between professional creators and their users. It provides next-generation 3D content and experiences to content buyers and sellers. With this, MILC will also greatly benefit from the rapidly blooming global metaverse market that is projected to generate $5 trillion in value by 2030.
For more information on Metaverse 2.0, read here: https://milc.medium.com/new-milc-metaverse-2-0-powered-by-unreal-engine-41136b9d33d
Introduced new features on Web3 Social Community Platform:
- Swiping feature
The swiping feature will provide users with the facility to switch from one post to the other in a cooler & convenient way!
- GIF search, 2FA authentication, & $MLT + $BTC tracking
- Giphy GIFs have been implemented to make the content shared by users more dynamic.
- 2FA authentication feature has been added to provide an extra layer of protection, especially relevant for users sharing their sensitive information.
- MLT & BTC tracking was added to keep the platform users informed about the performance of MILC’s native token.
These features make the platform more outright and attractive!
- Added filter and translation options
The filter option will allow users to screen out their feed so as to only view the content they are interested in. A language translator has been added to make it more convenient for users from different corners of the world to participate in the platform.
These features make the social platform more user-friendly.
- Added the Stories feature
These Instagram-like Stories are so popular & mainstream now that we decided to include it to make the Social Community Platform more spontaneous and fun for the users.
MLT listed on LATokens
MILC Platform is glad to share that its utility token, MLT, has been listed on LATOKEN which is a rapidly growing crypto exchange focusing on liquidity for new tokens. The listing pair is MLT/USDT.
To get more details on the listing, visit here: https://milc.medium.com/media-licensing-token-mlt-listed-on-latoken-7e9b0e854689
Released Ecosystem Map
An ecosystem map was released to give up-to-date information about all its partnerships till April of 2022. This map encompasses all of its collaborations related to finance, technical, networking, security, MLT and metaverse. The MILC’s network is building swiftly and getting stronger with time.
Take a look at the overview of MILC’s ecosystem here: https://milc.medium.com/milc-platform-ecosystem-map-d45115874f1e
Launched MILC announcement channel on Social Community Platform
An announcement channel for MILC Platform was launched on the Social Community Platform. All the latest updates & announcements related to our platform will be shared on this channel.
Visit here to join this group: https://twitter.com/MILCplatform/status/1513866914564800515
Integrated with Unreal Engine
A significant integration took place with Unreal Engine 5 by Epic Games to give a massive upgrade to the media metaverse. MILC Platform will utilize UE5’s UI to ameliorate certain crucial components of its metaverse. It provides a 3D world which is massively detailed along with more advanced avatars for the users. The latest version of the metaverse presents an impressive combination of Babylon.js and Unreal Engine5.
Learn more on this partnership here: https://milc.medium.com/unreal-engine-5-milc-platforms-integration-for-metaverse-2-0-928803ae9ade
Partnered with Cinema Tech Today
MILC Platform attained a collaboration with the leading magazine for cinema industry professionals, Cinema Tech Today. It is the online world for the famous Cinema Technology Magazine. The MILC Platform will help promote and share their online articles and publication, providing high-quality content for the MILC community.
Read more on this partnership here: https://milc.medium.com/milc-platform-partners-with-cinema-tech-today-3817a572e477
♦️ Key Media Mentions
The Film Verdict: Cannes Review Daily
♦️ Community Milestones
Crossed 4K members on Social Community Platform
Within a short period since its launch, the Social Community Platform has reached 4000+ members. Refinements are being added continuously. The users in this platform will be able to earn a share of ad revenues in the future. Register now and become a part of this revolution.
Announcement channel of The Film Verdict
The Film Verdict has launched its own channel on MILC Social Community Platform, to promote & share their film reviews to the community. Their channel is up and running now!
How-To-Guides on Social Community Platform
♦️ MLT Token Performance
The recent market breakdown in May following the Terra Luna collapse and worldwide recession impacted MLT like basically every crypto asset out there. Particularly, the accelerating inflation of the US Dollar forced the US federal reserve bank to conduct rate hikes which led to sell offs on global capital markets. Being regarded as high-risk assets, Bitcoin and almost all other cryptocurrencies suffered vastly leading us into a deep bear market. MLT is no exception here but at the same time MILC Platform made it evidently clear that regardless of the market conditions, the MILC team stays focused on its Metaverse and business development.
Given the above aforementioned circumstances, MLT price in Q2 peaked at 0.25 USD in April and dropped to a minimum of 0.03 USD in June, while trading at around 0.04 USD at the time of writing this analysis.
- Both chains (ERC20 and BEP20) combined total number of holders decreased by 212 to 12,885 excluding CEX-holdings
- There has been a clear break down in average daily trading volume on all marketplaces (Uniswap, Pancakeswap, Gate.io, LAToken and BKEX) from 2M to 400k in April/beginning of May to about 150k on average in May/June.
- Peak high was 2.78M USD trading volume on April 24th, lowest was 41k on June 18th
- Circulating supply in June was 150.15M (minus 20M Team tokens, which won’t be unlocked before the project makes revenues) with a market cap around 6.45M USD
MILCians, MILC team is aware that times are rough on global markets and also for $MLT. Nevertheless, the platform made huge progress on the Dev side of the project, setting up the MILC Metaverse 2.0, Community Platform and Media Marketplace on a splendid new level. Our goal remains to become the first fully digitized and tokenized FinTech Media company in the world. To achieve this, the team is working relentlessly without paying too much attention to the crypto markets. MILC Platform wants to thank everybody who is keeping faith! Ultimately there will be payoff for everyone within this amazing community, no doubt! 💪🏻
The MILC platform aims to become one of the leading business and entertainment Metaverses. A melting pot, connecting the professional media industry with its fans. Through its own Open Web GL Metaverse and Web3 social community platform, it offers the possibility for all users, for the first time, to interact directly with the media and entertainment industry. In addition, MILC Platform offers a blockchain-based multimedia marketplace for professional content providers to trade licenses for movies, television, streaming, online publishing, music, gaming and art. It provides NFT-supported financing models for media projects as well as extensive small business opportunities for every market participant and user.
The MLT (Media Licensing Token) serves as a medium of exchange, contract signing vehicle and revenue sharing medium across all platforms within the MILC Metaverse.