LumiWave (LWA): Illuminating the Path to Web3 Gaming Innovation
Web3 gaming has been one of the most lucrative fields in the blockchain industry, so it's no surprise to hear that more and more companies want to get involved. LumiWave hopes to ease the transition by providing a convenient and reliable way for companies to turn their intellectual property (IP) into web3 games. Can this blockchain ecosystem provide critical infrastructure for web3 gamers? Keep reading to learn more details about LumiWave's features and future plans.
Key Takeaways:
LumiWave is a content ecosystem centered on web3 gaming. It aims to provide a system for converting global intellectual property into blockchain technology.
The LumiWave platform has a comprehensive suite of products designed to bridge the gap between users and IP companies.
What Is LumiWave?
LumiWave is a content ecosystem centered on web3 gaming. It aims to provide a system for converting global intellectual property into blockchain technology. Gamers can access blockchain games and earn rewards, while developers can get help managing their digital assets.
History of LumiWave
LumiWave was initially founded by Sai Vardhan and Charan Teja under the name of ONBUFF. Vardhan has a background in economics, while Teja studied sociology and business administration. The two founders began working together in 2020 to help companies with digital marketing. They realized there was a real need for services that could help established businesses turn their IP into web3 content.
The project was initially launched under the name of ONBUFF, and ran on the Ethereum chain. However, in 2023, the company began plans to migrate to the Sui blockchain instead. This decision was meant to improve scalability and to lower costs for using the company's services. As part of the migration, the project chose to rebrand as LumiWave and convert all of its existing ONIT tokens into LWA tokens.
What Does LumiWave Aim to Achieve?
LumiWave was born out of the founders’ experiences working in digital marketing. They noticed that many businesses wanted to get involved in the web3 space, but were struggling to do so. LumiWave hopes to be a helpful transition between the world of Web 2.0 and web3 design.
It plans to create a quick and convenient way for people to add blockchain technology to existing IP. While LumiWave’s primary goal is web3 marketing, the company has found that the most effective way to achieve this objective is to focus on gaming and NFTs. The platform hopes that by offering these in-demand services, it can make it easier for companies to reach out to people in crypto spaces.
How Does LumiWave Work?
LumiWave's architecture is designed around a semi-modular blockchain concept. The entire ecosystem is based on the Sui platform, and the delegated-proof-of-stake (DPoS) system keeps track of new transactions and records made on LumiWave. Its validation system requires users to stake tokens instead of solve computer algorithms, and is thus both more eco-friendly and scalable than proof of work (PoW) chains.
LumiWave then conceptualizes the blockchain as a solar system. While all projects on LumiWave follow the same inherent set of guidelines, each company is its own "planet." This allows every new IP provider to design its own approach to things like web3 gaming design and NFT values. However, users can still easily travel between planets, so they can move assets like NFTs or ecosystem tokens between different IP projects they interact with.
Features of LumiWave
The LumiWave platform has a comprehensive suite of products designed to bridge the gap between users and IP companies. Following are the key benefits you can enjoy via the LumiWave website.
INNO Platform
The INNO platform is the main ecosystem that runs all of LumiWave's IP features. It includes multiple components, which users can enjoy and companies can use to market their IP.
INNO ID
INNO ID is the user identification code that each person on LumiWave has. INNO IDs are the blockchain version of the accounts used on traditional Web 2.0 sites. They include an individual identifier that’s linked to a person's account activity and assets.
INNO SWAP
INNO SWAP is an exchange in which players can manage their assets. Users can convert LumiWave tokens to planet tokens that can be used for individual IPs. The swap also allows users to exchange their in-game points for cryptos that are tradable on other exchanges.
Wallet
Instead of having a built-in wallet that LumiWave manages, the INNO Platform lets you link your user ID to external wallets. It currently supports MetaMask, the Sui Wallet and the Polygon mainnet wallet. This wallet structure provides players with extra flexibility and customization.
NFT Marketplace
To support all of the various IP-related NFTs in its ecosystem, the INNO platform includes a full NFT marketplace. Users can buy and sell NFTs and sort through a vast collection of NFTs based on their rarity, use and other parameters.
INNO Games
The INNO Games ecosystem creates an exciting way for users to interact with their favorite IP. It includes a variety of game styles, ranging from puzzle games to MMORPGs. The gaming system uses both software and technology to run its games, with the main goal to entertain users. Instead of focusing on investing, each game focuses on creating engaging mechanics that introduce players to the company's IP.
INNO Membership NFT
In addition to NFTs gained through interacting with IPs, LumiWave also has its own standalone NFT collection, OnMeowZ, which consists of a set of cat-themed NFTs with various accessories and appearances. People who hold one of these NFTs have access to additional perks. Not only do they get priority for various transactions, but NFT holders also have membership in exclusive LumiWave communities.
LumiWave Road Map
In the past, the LumiWave road map has included details such as launching gaming infrastructure and designing wallets for its users to work with. Now that the basic system is all set up, LumiWave has been prioritizing its migration from Ethereum to Sui. The ecosystem is still in the middle of merging all of its assets and rebranding its marketing to reflect the changes.
LumiWave hasn't released its 2025 road map yet. Presumably, the system's developers are still focused on finishing up the final stages of the 2024 road map, such as putting the finishing touches on its DeFi system. This year (2025) is also likely to include more partnerships for LumiWave. As the system onboards new IP, users can expect to see more games, more NFT launches and other exciting releases.
LWA Tokenomics
Initially called ONIT, LWA tokens are the native utility tokens of LumiWave. While individual IPs can have their own tokens, the LumiWave token is used as a universal currency to buy items in the marketplace and regulate token exchange rates. LWA has a total supply of just over 770 million tokens, distributed according to the following plan:
Ecosystem: 31%
Development: 23%
Marketing: 17%
Team and advisors: 16%
Private round: 10%
Seed round: 3%
LWA Price Prediction
The LumiWave token debuted with a price of $0.19 back in 2020, and quickly shot up to an all-time high (ATH) of $0.7781 by Sep 8, 2020. It then declined to a low of $0.02 by the start of 2021, before rallying again to approximately $0.22. LWA experienced its next crash in mid-June 2021, with prices as low as $0.03. It then recovered once again to a high of $0.39 in December 2021. Since then, its price dropped below $0.10 and hasn’t recovered since. The coin reached an ATL of $0.017 on Feb 3, 2025. Since that time, its price has mostly fluctuated between $0.01 and $0.03.
CoinMarketCap's community sentiment tracker reports an overall bearish outlook on this token. The coin has lost some momentum following its rebranding, and is struggling to regain its former audience. However, token pricing analysts predict some slow yet steady growth for this token. Though LWA might not perform as well as other coins on the market, CoinCheckup says it may end the year at a price of around $0.05.
Is LWA a Good Investment?
The main benefit of investing in the LWA token is that it has a lot of utility. Since LumiWave users need LWA for marketplace transactions, the tokens retain some of their value, regardless of how the market fluctuates. Furthermore, this token has had some occasional price jumps that provide potential for investors to profit.
However, even though the LWA token might have some promise, it's important for investors to remain cautious. The LumiWave project has been somewhat vague as to the precise benefits it’s providing, and it hasn't really explained how it plans to stand out in a web3 space saturated with gaming content. To achieve long-term success, this project needs to partner with a lot of reputable IP providers and provide more clarity regarding its road map. Until then, investors need to do their own research and avoid putting too much of their funds into LWA.
Closing Thoughts
LumiWave's mission to help companies better monetize their IP is exciting. As more projects move into the web3 space, the infrastructure to ease this transition will be highly useful. However, LumiWave has a lot of competitors in the web3 gaming and IP market, and it will need to work hard if it wants to distinguish itself.
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