LandFi Metaverse OrbCity to Rebrand as Travel AI Project, Token Swap Details Announced
In a surprising pivot, the LandFi metaverse project OrbCity has officially announced that it will rebrand as a travel AI project. The news, shared on the project’s official Telegram channel, marks a significant shift in focus for the platform, which had previously positioned itself as a decentralized virtual world built on the concept of LandFi—allowing users to own and develop virtual real estate.
With the rebranding, OrbCity aims to introduce innovative travel AI solutions that will leverage blockchain technology to transform how users experience and interact with global travel. According to the announcement, the rebranding will come with a new whitepaper, website, and community launch in October 2024, as OrbCity transitions into a project that integrates travel and artificial intelligence (AI) to create unique travel experiences.
Focus on Travel AI Solutions
The decision to rebrand from a LandFi metaverse project to a travel AI platform signals OrbCity’s intention to capitalize on the growing trend of AI-powered applications in various industries. As travel and tourism continue to embrace technological advancements, artificial intelligence has become an important tool in personalizing experiences and optimizing travel logistics. OrbCity’s new direction aims to provide users with an enhanced AI-driven travel experience, potentially offering custom itineraries, booking services, and personalized recommendations based on user preferences.
The travel industry, which was hit hard by the COVID-19 pandemic, is seeing renewed interest as travel restrictions ease worldwide. The adoption of AI technology in this sector is reshaping how travelers plan and experience trips, and OrbCity’s pivot comes at an opportune time to cater to this evolving demand.
Token Swap and Transition Details
As part of the rebranding, existing tokens from the OrbCity metaverse will undergo a token swap process to align with the new project direction. Specifically, ORB and LAY tokens—the two main utility tokens of the current OrbCity platform—will be swapped for the new tokens that are set to be introduced as part of the travel AI project. The swap will occur at a ratio of 1:1 for ORB tokens and 2:1 for LAY tokens, ensuring a smooth transition for existing token holders.
This move is designed to provide current users with continued engagement and benefits under the new project umbrella. By offering a 1:1 and 2:1 swap ratio, OrbCity seeks to maintain the value and utility of its existing token holders while integrating them into the next phase of the platform’s evolution.
Token swaps are a common practice during rebranding or project shifts in the cryptocurrency and blockchain space, and they allow platforms to introduce new features, functions, or utilities without compromising existing token holders’ investments. In OrbCity’s case, the swap is a key step in its journey from a LandFi metaverse platform to a cutting-edge AI travel project.
New Whitepaper and Website Launch in October
According to the announcement, the rebranding will be accompanied by the release of a new whitepaper and website, both of which will provide in-depth details about the travel AI project’s goals, roadmap, and future developments. The whitepaper will likely outline the technology stack, use cases, and the ways in which AI will be integrated into the platform to enhance travel experiences.
This launch in October 2024 will also introduce a new community structure, allowing current and prospective users to engage with the project and stay updated on upcoming milestones. Community building will be a critical aspect of OrbCity’s rebranding strategy, as the success of the new project will depend heavily on the adoption and participation of users from both the travel and blockchain industries.
Why the Shift from LandFi to Travel AI?
OrbCity’s decision to move away from its original focus on LandFi—a concept that merges land ownership in virtual environments with decentralized finance (DeFi)—comes as a surprise to many in the crypto space. The LandFi sector has grown steadily over the past few years, with platforms allowing users to buy, sell, and develop virtual real estate using blockchain technology. OrbCity was one of several projects exploring this new frontier.
However, the pivot to travel AI suggests that the team behind OrbCity sees greater potential in addressing real-world applications, specifically in the growing travel industry. AI-powered solutions are rapidly transforming various sectors, and by positioning itself at the intersection of travel, blockchain, and artificial intelligence, OrbCity hopes to create a new value proposition that appeals to a wider audience beyond the crypto and metaverse communities.
The move could also be seen as a response to the evolving demands of the market. With the travel industry poised for a rebound, and AI technology becoming increasingly important in delivering personalized and efficient services, the shift to travel AI may offer OrbCity the opportunity to tap into a lucrative market with high growth potential.
Impact on Existing Users and Community
For existing users of the OrbCity metaverse, the transition to a travel AI project represents both a challenge and an opportunity. On the one hand, users who were drawn to the LandFi concept may need to reassess their involvement as the platform shifts its focus. On the other hand, those who are open to exploring new opportunities in AI and travel may find exciting new use cases for their holdings.
The token swap process ensures that existing holders of ORB and LAY tokens remain integrated into the new project, providing them with a continued stake in the platform’s future. For users who were primarily interested in the metaverse or virtual real estate aspects of OrbCity, the transition could offer a new avenue to explore, particularly as AI and blockchain continue to converge.
Conclusion: OrbCity’s Strategic Pivot Toward AI-Powered Travel
OrbCity’s decision to rebrand from a LandFi metaverse to a travel AI project marks a significant strategic shift. By embracing AI and focusing on travel, the project is positioning itself to capitalize on emerging trends in both the technology and tourism sectors. The upcoming token swap, along with the release of a new whitepaper and website in October, will provide further clarity on how OrbCity plans to execute its vision.
As the project moves forward, it will be interesting to see how OrbCity integrates AI into its platform and whether it can successfully capture a market that is increasingly embracing technology-driven solutions. For current users, the token swap process offers continuity, while the rebranding introduces exciting new possibilities for the platform’s future.
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