Please describe your proposed solution.
What Sets Us Apart?
Our solution will provide the gaming community an avenue to become familiar with the benefits of incorporating blockchain technology. The reason we have chosen this approach is because users who play major titles often spend countless dollars and still have no ownership over their in-game assets. Lovelace Saga is a game built on Cardano that incorporates NFTs as a way to give ownership back to the users. Our project will engage the gaming community on Cardano, as well as the wider gaming community. Players will have a means to earn assets simply by playing the game. Lovelace Saga will be implemented as a web based game and will be a fun way for the Cardano community to learn about NFTs, blockchain gaming, and smart contracts. Our aim is to bring awareness to the benefits of blockchain technology in a fun and engaging way. The broader Cardano ecosystem will benefit as a result of this project because it will be an avenue to bring in new users and further adoption.
Where Are The Killer Apps?
Blockchain technology is a novel idea that can be used across a number of different industries from supply chain to healthcare. Our solution is aimed at tackling the gaming industry, a niche which generated a whopping 180 Billion dollars in revenue in 2021. By creating a platform which helps to onboard digital natives, we start with a much lower barrier to entry for onboarding new users. Gamers are among the largest audience in terms of understanding how to create a wallet, setup an exchange account, and the other basics to getting started with crypto.
Source: <https://newzoo.com/insights/articles/the-games-market-in-2021-the-year-in-numbers-esports-cloud-gaming#:~:text=The%20games%20market%20in%202021,%2B1.4%25%20over%20last%202020.>
Please describe how your proposed solution will address the Challenge that you have submitted it in.
How Is This Solution Addressing The Challenge?
We are addressing the dApps, Products, and Integrations challenge by bringing more builders into the ecosystem and creating high-quality platforms built for the ecosystem. The more interesting and useful the products and integrations are that can be built in the ecosystem the more reasons people have to interact with the Cardano blockchain that can help further drive more adoption, feedback, growth, and even more innovation.
Lovelace Saga will be a NFT based blockchain game built on Cardano. With the addition of this game to the Cardano ecosystem, a huge number of potential users can be introduced to Cardano and blockchain technology. Our aim is to also help educate new users of the importance of holding your own keys, setting up a wallet, etc.
What are the main risks that could prevent you from delivering the project successfully and please explain how you will mitigate each risk?
Our team has accounted for multiple possibilities of potential setbacks. We are open to suggestions from the community on any additional risks and any mitigation strategies we should consider to increase the success of this project.
Risk:
- Improper communication and clarification of desired results from all team members
Solution:
- Our team has setup multiple communication channels to account for different time zones and ensure that the desired results of the project are communicated clearly with the proper guidelines.
Risk:
- Market volatility and ADA price volatility.
Solution:
- Funds will be allocated to a transparent wallet and held as USDC or DJED stablecoin.
Risk:
- Timeline goals are not met
Solution:
- A clear outline of workflow has been created and is shared with every team member working on the project
- The team has weekly meetings every Monday and Wednesday to discuss priorities of the week and goals for the current development sprint.
Risk:
- Lack of understanding from users of how to use the platform
Solution:
- We have addressed this issue by dedicating specific content that will walk users through the entire process of being able to interact with the platform.
Our team is dedicated to open communication and being inclusive and transparent with our community.