Lamina1 (L1) is a Layer 1 blockchain platform designed to support the Open Metaverse by providing infrastructure for digital content creation, sharing, and monetisation. It focuses on enabling creators to build and manage multimedia content across various sectors, including entertainment, gaming, music, film, fashion, and decentralised finance (DeFi). The platform uses a high-speed Proof-of-Stake (PoS) consensus mechanism to provide scalability, security, and support for on-chain provenance, allowing for the creation and management of digital assets with customisable attributes and behaviours.

The native token of the platform, L1, serves as the primary currency for transactions, staking, and as a unit of account within its ecosystem. At launch, Lamina1 created 1 billion L1 tokens, with allocations split between "Launch L1" (LL1) for early participants and "Rewards L1" (RL1) for ecosystem incentives.

Lamina1 (L1) is designed to facilitate digital content creation and ecosystem engagement in the Open Metaverse. The L1 token serves multiple purposes:

• Transaction Fees: Used to pay for fees on the network.
• Staking: Secures the network by allowing validators and delegators to participate in staking mechanisms.
• Incentives: Rewards contributors, such as developers, creators, and validators.
• Unit of Account: Acts as a fundamental unit for transactions between subnets and applications within the Lamina1 ecosystem.
• By providing robust infrastructure and a native token, Lamina1 enables content creators and developers to monetise their work and collaborate within an interoperable and decentralised framework.

Lamina1 was co-founded by:

• Neal Stephenson: A renowned author and futurist who coined the term "metaverse" in his novel Snow Crash.
• Peter Vessenes: A crypto pioneer and entrepreneur with a significant role in early blockchain and cryptocurrency development.
• Rebecca Barkin: An immersive entertainment executive with expertise in building and managing creative projects across technology and media.
• Their collective vision is to empower creators and developers with tools and infrastructure to build a decentralised, creator-focused Metaverse.