Solice Protocol enables secure NFT transactions on a decentralized blockchain, enhancing transparency and user control in the digital asset market.

Introduction

Solice is a virtual reality metaverse built on the Solana blockchain, allowing users to interact, own digital assets, and create experiences across multiple platforms, including VR. Users can acquire and develop land parcels, participate in a DAO governance model, and use the native token, $SOLICE (previously SLC), for transactions. The platform supports asset creation, mini-games, and monetization, offering an immersive and decentralized gaming and social interaction environment.

What is SOLICE Protocol (SOLICE)?

Solice is a metaverse platform built on the Solana blockchain. It provides an immersive virtual environment where users can engage in activities such as gaming, content creation, socialization, and digital economies. The project focuses on creating an accessible metaverse emphasizing interactivity and digital ownership, allowing participants to own and trade virtual assets.

On the Solice platform, users have the opportunity to acquire virtual land, known as “LAND.” These parcels of land are registered as non-fungible tokens (NFTs) and are stored on the Solana blockchain, ensuring security and transparency in transactions. Landowners can create interactive content, including games, digital art, events, and customized experiences. Each plot of land is unique and can be developed according to its owner’s interests.

The economy within Solice is powered by the native $SOLICE (previously SLC) token, which serves as the medium of exchange within the metaverse. This token can be used to purchase land, digital assets, cosmetic items, and other resources within the platform. Additionally, the $SOLICE (previously SLC) token contributes to decentralized governance, allowing participants to influence decisions about the project’s future through a Decentralized Autonomous Organization (DAO).

The platform facilitates user interaction via a decentralized network that connects various parts of the metaverse. This includes social interactions, gaming, and the exchange of digital resources. Solice is also developing an ecosystem incorporating features to enhance the user experience, with future integrations planned for audio, video, and other immersive elements.

With Solice, the goal is to create a metaverse accessible to virtual reality (VR) enthusiasts and users without VR equipment. The platform is designed to be compatible with conventional devices as well as VR technologies, allowing for greater inclusivity among users.

History and Founders

Solice, established in 2021, is a blockchain-enabled virtual reality (VR) metaverse platform headquartered in Amsterdam, Netherlands. The company was founded by Christian Zhang, who serves as the Chief Executive Officer. The executive team also includes Serena G as Chief Operating Officer and Ray T as Chief Technology Officer.

In its seed funding round on December 2, 2021, Solice raised $4.36 million from prominent investors, including Three Arrows Capital, Animoca Brands, and DeFiance Capital. Additional backers in this round comprised Alameda Research, Solanium Ventures, Skyvision Capital, Jump Capital, Genblock Capital, KuCoin Labs, Solar Eco Fund, CMS Holdings, Maven Capital, A41 Ventures, ZBS Capital, Peech Capital, Icetea Labs, SkyNet Trading, Double Peak Group, Rarestone Capital, DaoMaker, Cropperbros Research, Mintable, and DWeb3 Capital.

Despite the initial funding and development, Solice has not been active since late 2022. The team has not provided major updates, and development activity has significantly declined. However, the project’s token was recently rebranded from SLC to SOLICE, indicating some level of ongoing restructuring or potential future developments.

SOLICE’s Technical Architecture

The Solice Protocol operates on the Solana blockchain, known for its high throughput and low transaction costs, allowing Solice to efficiently handle virtual land ownership, content creation, and user interactions. Virtual assets, such as LAND NFTs, are securely stored on the blockchain, ensuring transparent ownership records.

Users can acquire and develop virtual land, known as LAND, represented as NFTs on Solana; these digital assets are fully tradable and verifiable, providing users with secure ownership and transaction history. The platform supports content creation tools for 3D models, interactive scripts, and other assets, enabling users to build games and virtual environments.

The native token, $SOLICE (previously SLC), powers the Solice ecosystem, enabling transactions within the platform, used to purchase LAND, assets, and services, and also facilitates participation in governance through a decentralized autonomous organization (DAO). Token holders can propose and vote on platform changes.

Solice is designed to be interoperable with various technologies, including virtual reality (VR), enhancing accessibility across multiple devices, this compatibility broadens the user base and improves the platform’s engagement.

Security and decentralization are fundamental, with Solice benefiting from the Solana blockchain’s structure, which ensures secure transactions and protects user assets. In addition to that, scalability allows Solice to handle a growing user base without compromising performance.

Solice Protocol’s Main Features

Solice Metaverse

The Solice Metaverse is a decentralized virtual reality (VR) environment built on the Solana blockchain, designed to provide users with a fully immersive and interactive experience. Its cross-platform nature ensures accessibility across various devices, including desktop, mobile, and VR systems. This inclusivity makes Solice appealing to many users, from casual explorers to those deeply invested in virtual reality technology.

In the Solice Metaverse, users can explore a vast digital universe divided into various zones and territories. Each area within the metaverse is customizable, allowing users to build structures, create landscapes, and personalize their spaces using in-game tools. The metaverse supports gaming, social interaction, and virtual commerce. Players can engage in multiplayer games, trade digital assets, or simply socialize with others in a visually rich and interactive environment.

The economy of the Solice Metaverse is driven by blockchain technology. Players can own virtual land, buildings, and other in-game assets as non-fungible tokens (NFTs). These assets can be traded in a decentralized marketplace, providing real-world value to digital ownership. The use of Solana’s blockchain ensures fast transactions with minimal fees, enhancing the trading experience within the ecosystem.

Customization is a core feature of the Solice Metaverse. Users can design avatars, customize their land, and even create unique items. The platform offers a development toolkit for creators, enabling them to build and monetize their content. This open and user-driven approach fosters innovation and creativity, making the metaverse a dynamic space for digital interactions.

Solice Lore

In the lore of Solice, Amoris is the land where humans reside, after a prolonged war, humans were placed in Amoris, a balanced land rich in resources and diverse climates. Initially, the first generation struggled to adapt, relying on combat skills for hunting. Over time, subsequent generations developed various professions such as herbalism, fishing, and farming, rebuilding their civilization and naming their land Amoris.

As they advanced, humans delved into subjects like physics, medicine, alchemy, and biology, leading to rapid progress. Their quest for knowledge led them to seek access to neighboring lands, eventually establishing friendly relations and trade with other species. However, their ambition led to experiments that disrupted the natural order, resulting in consequences imposed by higher powers to remind them of the dangers of unchecked greed for power and knowledge.

Solice NFT

Solice offers high-quality 3D avatar NFTs that represent users within the metaverse. These avatars are designed to provide a realistic and immersive representation, enhancing user interaction. Unlike many NFTs, Solice’s avatars are detailed 3D models, reflecting the platform’s commitment to quality and user experience.

Solice’s NFTs are seamlessly integrated into the metaverse, allowing users to deploy them directly within the virtual world. For instance, land NFTs can create custom spaces, while avatars and items enrich the overall user experience. The platform’s emphasis on high-quality 3D models sets it apart from many other blockchain projects, ensuring an immersive and visually appealing environment.

The NFT marketplace in Solice is an essential component of its ecosystem, enabling users to trade assets securely and efficiently. By leveraging the Solana blockchain, the marketplace ensures fast transactions with minimal fees, making it accessible for all participants.

Solice VR & Cross-Platform

Solice aims to provide an immersive experience by integrating virtual reality (VR) and cross-platform compatibility. Unlike many GameFi projects, which limit their availability to a single platform (either mobile or web), Solice expands access by allowing users to connect across different devices.

By incorporating VR, Solice takes the user experience beyond traditional screens, whether on a smartphone or computer, this technology creates a sense of immersion, allowing users to feel fully involved in the virtual environment.

A challenge many projects face is the lack of cross-platform functionality. In systems that only support single platforms, users are restricted in terms of interaction, often only able to connect with others on the same device or operating system. This centralizes content and community within a specific platform, limiting growth and interaction.

Solice addresses this issue by allowing users to access the platform from any device. Whether through a smartphone, desktop, or VR device, users can participate in the same metaverse, interact with others, socialize, and collaborate.

Solice Asset Staking

Solice Asset Staking is a feature that allows users within the Solice ecosystem to stake their NFTs, such as virtual land and avatars, to earn rewards. Through the staking portal, users can connect their wallets and register eligible assets, which are then “locked” in smart contracts for a specific period. During this time, participants accumulate rewards, such as SOLICE (previously SLC) tokens, creating a passive value stream for NFT holders. This functionality increases the utility of digital assets and encourages retention and engagement within the Solice ecosystem.

Asset staking strengthens the metaverse economy by transforming NFTs into active components of the platform while fostering greater user interaction with the virtual environment. By enabling participants to track their staking activity on-chain, Solice ensures transparency and security throughout the process. With Solice Asset Staking, the platform adds value to NFTs and advances its goal of building a more interactive and sustainable metaverse.

What is the SOLICE Token?

The SOLICE Token (SOLICE (previously SLC)) operates on the Solana blockchain with a fixed total supply of 400,000,000 SOLICE (previously SLC) tokens, these tokens are distributed across several categories, including the ecosystem, community and marketing, platform rewards, and the team.

The token distribution follows a structured vesting schedule, with specific unlock periods and cliffs for each category. The initial circulating supply of the token is 43,200,000 SOLICE (previously SLC), and the initial market cap is set at $3,024,000 USD, various token sale phases were held with differing prices for the seed, private, and public sales.

SOLICE Token Utility

The SOLICE Token (SOLICE (previously SLC)) serves multiple functions within the Solice metaverse, facilitating transactions, governance, and rewards.

Transactions
SOLICE (previously SLC) is used to purchase virtual assets such as land, items, and services within the Solice platform. This includes acquiring virtual real estate, in-game items, and other digital assets.

Governance
Holders of SOLICE (previously SLC) tokens can participate in governance decisions related to the Solice ecosystem, this includes voting on proposals for platform developments, changes, and updates.

Rewards
Active participants in the Solice metaverse can earn SOLICE (previously SLC) tokens as rewards for their contributions, this includes rewards for content creation, community engagement, and other activities that enhance the platform.

Staking
SOLICE (previously SLC) tokens can be staked to earn additional tokens over time, staking involves locking up a certain amount of tokens for a specified period, during which they can earn rewards.

Access to Features
Certain features and services within the Solice platform may require using SOLICE (previously SLC) tokens. This includes accessing premium content, participating in exclusive events, and other special offerings.

Marketplace Transactions
SOLICE (previously SLC) is used for transactions within the Solice marketplace, allowing users to buy and sell virtual goods and services. This includes trading items, assets, and other digital products.

Economic Incentives
The use of SOLICE (previously SLC) tokens creates economic incentives for users to participate in the Solice ecosystem, this includes earning tokens through various activities and spending them within the platform.

Integration with Other Platforms
SOLICE (previously SLC) tokens may be integrated with other platforms and services, allowing for cross-platform transactions and interactions, this includes partnerships with other virtual worlds, games, and services that accept SOLICE (previously SLC) tokens.

Solice Supply and Allocation

The total supply of SOLICE (previously SLC) tokens is fixed at 400,000,000, with allocations distributed across various categories to support the development and growth of the Solice ecosystem. The vesting schedules ensure that tokens are released gradually, promoting long-term commitment from all stakeholders.

Vesting Schedule

The vesting schedule outlines the timeline and conditions under which different categories of SOLICE (previously SLC) tokens will be released.

The token distribution is as follows:

• Reserve: 80,000,000 SOLICE (previously SLC), with a 3-year lock-up period and a 1-year cliff.
• Team: 60,000,000 SOLICE (previously SLC), with a 3-year lock-up period, 1-year cliff, and quarterly unlock.
• Advisors: 12,000,000 SOLICE (previously SLC), with a 3-year lock-up period, 1-year cliff, and quarterly unlock.
• Ecosystem: 40,000,000 SOLICE (previously SLC), with a 2.5-year lock-up period, 6 months lock-up, and linear vesting.
• Community & Marketing: 60,000,000 SOLICE (previously SLC), with 30% unlocked, and the remainder unlocked in 7 months.
• Private Sale: 68,000,000 SOLICE (previously SLC), with a 21-month lock-up period, 3-month cliff, and quarterly linear unlock.
• Seed Round: 24,000,000 SOLICE (previously SLC), with a 21-month lock-up period, 3-month cliff, and quarterly linear unlock.
• Platform Rewards: 28,000,000 SOLICE (previously SLC), with 50% unlocked and the remainder unlocked in 5 months.
• User Incentives: 20,000,000 SOLICE (previously SLC), with 40% unlocked and the remainder unlocked in 6 months.
• Public Sale: 8,000,000 SOLICE (previously SLC), with 40% unlocked and the remainder unlocked in 3 months.

This distribution strategy ensures a balanced allocation among different stakeholders, contributing to the growth and sustainability of the Solice ecosystem.

Conclusion

The Solice ecosystem is building an interactive and decentralized metaverse on the Solana blockchain. It combines virtual land ownership, content creation tools, DAO governance, and integrates cross-platform compatibility and virtual reality. Other features like asset staking and a decentralized NFT marketplace enhance the utility and engagement of its user base.

However, Solice has not been actively developed since late 2022, with no significant updates or new features released. Despite this inactivity, the project’s token was recently rebranded from SLC to SOLICE, suggesting a possible restructuring or future plans. Whether this rebranding signals a revival or a strategic pivot remains uncertain.

Solice remains a former metaverse project with no confirmed roadmap or active development. Users and investors should monitor updates closely to assess any potential developments or shifts in direction.