1. Overview

Over the past years, LumiWave has expanded the Web3 entertainment ecosystem by publishing globally recognized IP-based Web3 games, including:

• Samurai Shodown R (SNK)
• Ragnarok Labyrinth (Gravity)
• ICONICS, and more

Looking ahead to Q1–Q2 2026, LumiWave is preparing the global launch of a new large-scale IP from Gravity, alongside broader initiatives that extend beyond gaming into:

• Entertainment and fan engagement
• Real-World Assets (RWA)
• AI-driven data and content services

As the LumiWave ecosystem evolves from a single-game model into a multi-IP, multi-content, and real-world–connected platform, a more scalable and unified infrastructure is required to support future growth.

To support this expansion, LumiWave proposes:

• Transitioning LWA, currently operating on the Sui network, into a native coin
• Building a dedicated Layer-1 blockchain, LumiWave Protocol (LWP), designed to unify and power the entire LumiWave ecosystem

2. Purpose of the Proposal

This proposal is not simply a mainnet change, but a strategic upgrade to support long-term ecosystem growth.

LumiWave aims to:

• Operate multiple global IP games on a single unified infrastructure
• Connect NFTs, in-game items, points, and real-world payments through a single settlement layer
• Provide walletless UX and gas abstraction for Web2 users
• Enable modular, IP-specific customization to meet partner requirements
• Establish community-driven governance and node participation
• Expand into RWA use cases such as concerts, tickets, merchandise, and fandom data

Key Message: This transition is driven by ecosystem growth and expansion, not by limitations of the existing chain. As LumiWave grows, a dedicated mainnet becomes a natural next step.

3. LumiWave Protocol — A New Layer-1 Mainnet

LumiWave Protocol (LWP) is designed as a unified Layer-1 blockchain where Web3 games and real-world services coexist on a single chain.

🎯 Core Principles

• User-first experience with full chain & gas abstraction
• Modular architecture for IP-specific expansion
• High-speed, low-cost transactions
• Data authentication layer for real-world asset integration
• Community-based governance
• Metadata and embedding layers for AI-powered services

🧩 Key Features

• Unified settlement layer for NFTs, items, and points across multiple games
• RWA modules connecting concerts, tickets, merchandise, and offline fandom data
• Walletless play experience for Web2 users
• Data structures optimized for AI-based content analysis and recommendations
• Bridge support for Sui-based assets to protect existing LWA holders

4. Impact on LWA Holders

After the mainnet launch, LWA will evolve from a single-game utility token into the native coin of the LumiWave Protocol: LWP.

✔ Benefits for Holders

• Acts as the native currency of the LWP mainnet
• Unified settlement coin across all LumiWave games and dApps
• Participation in staking and node rewards
• Usable across real-world services (RWA, concerts, tickets, merchandise)
• Increased utility and demand as the ecosystem expands

*LWP Coin = LumiWave Protocol Native Coin → Used for Gas, Staking, Settlement, and Governance

5. Coin Migration Plan

The LWA → LWP migration will proceed as follows:

• Sui-based LWA will be upgraded to LWP on the LumiWave Protocol
• 1:1 conversion ratio
• Existing LWA will be frozen at mainnet launch
• A dedicated bridge will be provided for personal wallet holders
• Bridge support period: 1 year
• Detailed instructions for the migration process will be provided in the LWA → LWP Migration Guide, which will be shared in the Next Steps section below.

6. Snapshot Voting & Governance

Snapshot voting is open to all LWA holders.

Since Snapshot does not natively support the Sui mainnet, LumiWave will conduct this vote using an: ERC-based DAO Voting Mirror Token

• Mirrors LWA holdings at a 1:1 ratio
• Used exclusively for governance voting
• Does not affect LWA ownership or token economics
• Automatically expires after the vote concludes
• Requires an ERC-20 compatible wallet (MetaMask)
• This approach is a widely adopted standard for governance in multi-chain DAOs.

7. Next Steps

All LWA holders are invited to participate in the governance vote via https://snapshot.box/#/s:lumiwavedao.eth Due to Snapshot’s technical limitations with Sui, LumiWave will issue an ERC-based DAO voting mirror token that reflects LWA holdings at a 1:1 ratio.

This mirror token:

• Is for voting purposes only
• Does not impact actual LWA balances or economics

To participate, an ERC-20 compatible personal wallet (e.g., MetaMask) is required. Centralized exchange (CEX) wallets are not supported by Snapshot.

For detailed, step-by-step instructions on how to migrate your tokens, please refer to the guide below: 👉 https://medium.com/lumiwave/lumiwave-dao-voting-token-migration-guide-d25ac13bfb6f

Further details regarding:

• Mirror token distribution
• Eligibility requirements
• Voting schedule will be shared through upcoming announcements.