Let Me Speak (LMS) is building the first Language Learning Metaverse around a simple and powerful concept β Earn while you Learn. LMS Learn and Earn model has the power to reshape the language learning industry (1.4bn people learn English), and address the key problem of online education β lack of motivation.
The best illustration for this motivation problem is the graph of daily retention rate. Most of the users are stop learning after 3 days even if they paid upfront. 80%+ are lost after 1st month. Can the additional financial motivation and gamification from Learn and Earn model change this picture? Let's see on results we have in LetMeSpeak app so far:
4 weeks into the learning experience, 60% of Learn & Earn students use the app daily! This compares to 12% for Prepaid Subscription learners and 3% for Free to Play ones. An average Learn & Earn user spends 53 minutes a day compared to 15 minutes for Free to Play ones.
Behind letmespeak.org is a team of 40+ people with an extensive background in EdTech, Language learning, DeFi and investment banking.
Weβve spent more than 2 years getting the product right before adding the metaverse part. Weβve helped more than 2 million people improve their English for free. On average, learners rate their experience 4.8* out of 5 in the iOS AppStore. Last month more than 700,000 people learnt English for free with LetMeSpeak. In the last 3 months users spent $20M+ on LetMeSpeak NFTs.
Our main goal for the next 3 years is to become a leading language-learning ecosystem helping 50+ million people learn a foreign language every month.