The team behind Levana, creators of the adventure game Levana Dragon Rider, had meetings with legal advisors and discussed the path forward due to the shift in the crypto regulatory climate.
They had a poll on November 17, discussing spinning off the GameFi sector instead of freezing it indefinitely.
Levana is facing a crypto winter, and they are separating their GameFi division from their DeFi offering.
The goal of their GameFi sector is to have a community-owned, decentralized GameFi platform, as well as other products.
These products include all NFTs in the treasury, the Luna from the Terra Royalties that are not stuck, all 8,888 NFT images of baby dragons, all NFT images, the source code to all existing games, and the 3.8M UST.
Furthermore, they also include the estimated amount of the Luna which would be unblocked from Terra 2. Additionally, they offer IP rights to the story, characters, images, the book, and the comic book.
Throughout the update, Levana also announced plans for a governance token, where Levan will work with the GameFi community to identify the best way to transfer the 10 million LVN tokens to the Decentralized Autonomous Organization (DAO) that would represent…
