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CONTEXT
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There are thousands of DeFi, GameFi published every month. A lot of new tokens were born every day. But the change to be long-term alive is lower than 1%. Moreover, FOMO made a lot of projects die young that make bad impacts on investor's life around the world. So, we need a new model that can:
- Available for permanent scaling: that model should be simple to understand and join. Just a few steps, anyone can follow and cook it. That also means the system also needs fewer components for scaling up.
- Sustainable economy environment: But! Should not be like current DEXs, anyone can launch a new token by themselves. It's good for scaling but it's not sustainable because of fraud and scam projects. Moreover, even they're no fraud, the market volume at a time is limited. Hence, as a newborn project, it's still tough to win other projects in the crowded market. And it's also made investors fail on investing in them. They lost their money!!!
- Attracting more and more stakeholders to join: the only way to win in the market for a new project is their active users and user's actions: buy, sell, rent, lend, play, mint, stake… Making good environments for attracting more and more new users, and encouraging them with programs to increase their actions in the ecosystem will help that project and its token increase more value in the market.
HOW CAN MIVERSE SOLVE ALL THESE THINGS?
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- Miverse can permanent scaling: When enough required conditions, a star system will be born to serve investors and players.
For ex: staking enough amount of ADA, reach the minimum pre-order of land sales…
We love to make a thousand star systems like that in Miverse. That will give everyone the unlimited option to build their own kingdom, getting unlimited benefits.
- Miverse have sustainable economy environments: steps to initiate a new star system is easy to understand and do, but the conditions belong to the need of the market.
For ex: If you want to initiate a new star system, there is a minimum staking volume for it. Or another condition is the need for game players in Miverse, when the number of players voting for a newborn star system reaches the minimum number we will start to make it.
These numbers will be calculated with complex math formulas for balancing the whole Miverse economy. It's will not serve only a single person or a small group.
- Miverse can attract more and more stakeholders to join: as we mentioned above, Miverse has a lot of ideas for attracting users to join and act in their roles. Game players will love to enjoy their entertainment time in Miverse, investors have a lot of methods to invest sustainability, developers and creators can freely propose and develop their idea with Miverse funds. All of their activities will boost up the Miverse ecosystem and also the Cardano ecosystem.
SCALING SOLUTION CONCEPT CASE STUDIES
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>> NOVEL WAY TO OFFER NEW COIN
As we mentioned above, surviving in this crypto market for a new project is tough.
Currently, you have to
- Make a great document & implementation plan to convince investors
- And you also have to take a lot of effort to develop a user community
- But, sadly, the user and investor community is small, so your token is affected a lot by their FOMO. This is one of the ultimate reasons that make a crypto project die soon.
- Moreover, IDO, ICO, INO, IEO is not a joke. You have to work heavily with that plan
Well, why don't you play with Miverse community?
- No need for a complex document of the product or a team with hundreds of people.
- Now, you just select a newborn star system that is on the waiting list of Miverse, or you can propose to be funded to make a new one with your graphic style.
- Make a new coin for it and ask the community to join to stake to make it alive.
- When it is alive, encourage developers & creators to develop it with your story
- If you can't make any game developers join to develop your newborn star system soon? It's fine, player can play their main Miverse game with it at the start. And your coin will increase the trading volume day by day at the start.
>> FUNNIER MODEL OF SPO
The race of staking of SPO is always tough and takes time, let's make it funnier with our new model of planets in games.
Currently, instead of
- Buy a strong pc for setting up a node
- Setting up with a bunch of text and code
- Registering a new pool
- Take time to attract people to your pool for winning the race to other pools
Go with Miverse
- Get into Miverse's planet list
- Take a planet that is on the waiting list, usually are planets in newborn star systems.
- Registering to be its leader (like an SPO)
- Now, convince your friend and community to stake with you to get benefits including:
- Transaction fees on that planet
- The tax of trades on that planet (land, space station…)
- Discount on buying land and space station
- Free to use the planet's service. If it is a main planet of the star system, free to all other planets in that star system.
- More profit when farming in star system.
Even if you're not an SPO, just a provider can also get some great benefits about transaction fees and the tax of trades.
>> LAUNCHING GAMES EASIER WITH THOUSAND READY-TO-PLAY USERS
Game developers now are no need to develop their own infrastructure system, graphic, characters… now they can use Miverse world for making their own games.
Miverse development tools will provide information and knowledge about Miverse to develop it. Some in some cases:
- Game designers just need to develop game mechanics and apply them to Miverse's resource
- Game developers can save a lot of time for graphics, and now they just focus on developing their idea and use Miverse's characters, assets, users…
- Some game developers already made their games off-chain. Now they can apply to Miverse easier.
This will help Miverse scale fast in the future and users will enjoy changing their taste with a lot of games in Miverse. Some games are for fun, some game can boost up their power point of ships and characters.
AUDIENCE & IMPACTS
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Unlike other DEXs, or other GameFi models.
- We don't make a bored UX/ UI designed website for a DEX business model
- We don't try to maximize the number of sell-out game assets to players
- We don't try to maximize the profit to our pocket as soon as possible
Miverse is a space-inspired metaverse where everyone can enjoy their moment with gaming and relative gaming entertainment topics: comic, streaming, media… Unlike most other metaverses, Miverse is ambitiously a world of multiple star systems in space. Where each star system is an independent world with different graphics, different characters, and different economic with a different token.
- If you're a game player: you can join Miverse to enjoy our high-quality games with various genres including MMO, MOBA, Chess, Turn-based… and a lot of creative games from game developers around the world. Moreover, it's all free-to-play and play-to-earn. So more fun more earn.
- If you're an investor: you can invest in any star system to make a profit by staking, farming, assets trading… or you can even cooperate with someone to make a new star system, with that you will make a new independent world with new token and new staking pools.
- If you're a developer: this is where you can propose your idea to develop the ecosystem of Miverse better with DAO voting system, Miverse encourages everyone to develop its ecosystem by launching a program like Catalyst project, they can develop more games, helping upgrade the system of Miverse, sustain Miverse ecosystem…
- If you're a creator: you're also can propose your idea to Miverse launching program to spread Miverse to million to billion of people around the world with thousands of different topics. Miverse also supports the creator to make a profit on their product by its own creative platform. For ex: to sell comics, video, streaming… with various types of purchasing including subscription, onetime, package… because we know that without creators, Miverse will be hard to spread its distinct.
IN THE SCOPE OF THIS PROPOSAL
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Currently, we're in the 1st phase of Miverse development. The first step is always important but also the hardest. We've already proposed 2 proposals for the new strategic chess game genre in this fund. This proposal will propose other awesome activities that can attract a lot of users including gamers, developers, creators.
It's comic.
The main purpose of this proposal in this whole phase is to attract play-to-entertain players to Miverse, firstly is our chess game. The comic is one of the best strategies to spread game awareness and inspire players because it can:
- Inspiring: players want to know what mission they have to follow in a game, stories of their characters, and most of them want to find themselves in a game character. All of these things will inspire and make them spend more time in the game.
- Sharing: it's hard to make your friend read a text story that you share, but they will swallow every single page if it's a comic whether they're playing that game or not. Then their friend will try that game someday if they didn't.
- Connecting: at the end of each chapter, readers are always curious about what will happen next. That's a reason why there is a lot of conversation about that comic will be created in social media, especially comic communities or below the page of that comic. These phenomena happen weekly to a single comic, and it cannot with games. So, what if that comic belongs to a new game? Weekly, everyone tells about that comic and tells about that game too. It's good for developing a new game's community.
Especially with the main mission of Miverse, attracting play-to-entertain gamers. Developing a comic series that goes along with Miverse world will take advantage of both sides.
And creative hub
Furthermore, the comic is one of the most favorite categories that Miverse will encourage creators to develop in the future when launching programs ready for developers and creators. It means, Miverse comic is not the only series that we will produce, but it's the first one to help Miverse game and to inspire creators in the future. So, there are 2 main components that will be developed for Miverse comic in this proposal including:
- Creative content platform: the on-chained creative content platform is where the creator can share their content with everyone in Miverse world.
- The content can be images, memes, videos, comics, streaming… It will not on web-based only, our purpose is that will develop the infrastructure for Miverse that everyone can enjoy game streaming or reading the released comic in real-time together in the metaverse. So they can talk with every other fan, can interact with them, or you can find and sneaky with a new bae… this can't happen in a web-based platform. I believe that if you're a streaming viewer, there hundreds of times you want to make friend with a girl on streaming.
- Can be sold, bought, traded, bid… on the marketplace: if you're a game streamer, now you can sell your streaming video before it is finished - for a better price, let people bid; and you're a fan, you can donate or own a video of your idol to support him easily…
- Creator can share their content with various types of purchasing methods: one-time, package, subscription, membership…
- Game's quest: some of these activities will be attached to the in-game quest of Miverse including main games and mini-games of developers if they want. In this phase of development, we will add the quest of reading comics to our chess game, players will earn rewards for it. It will not just motivate them more by reading comics, but also Miverse can make some new readers be gamers.
- Miverse comic series production: in the scope of this proposal, we will start to develop the comic series of Miverse to follow and support the mission of 1st phase of Miverse development. Including:
- Weekly publishing 15 black & white comic pages about Miverse stories.
- Weekly clip about the character or comic drawing - that will be used for marketing purpose
- Regular talk show with artist team about comic production - for marketing purpose
- Comic trending retrospective for developing better comic narrative
TARGETS & IMPACTS
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Obviously, this comic development will make a big impact on comic readers whether they're Miverse's gamers or not. In the 1 phase of the project, for spreading this series, we will not just publish this series on Miverse comic platform only but spread to other mainstream comic platforms. So it will make a big impact on comic communities and increase the audience to Miverse and Cardano ecosystem. Then we will encourage the audience with some gamification programs to convert them to be adopters to Cardano ecosystem in the future. This will:
- Increase comic lover
- Increase the creator in the future
- Increase the gamer that will be converted from the comic audience
When it makes the Miverse game more stable and sustainable, this will:
- Increase the number of investors
- Increase the transaction on Cardano platform
- Increase the ADA trading volume
OUR WHOLE PROJECT KEY METRICS
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- Number of developer join and learn in Miverse University
- Number of creators join Miverse
- CCU - Concurrent Users
- DAU - Daily Active Users
- Revenue per Use
- User Retention Rate
Align with Challenge KPIs
- Number of scaling solutions available to the community to use within their projects
- A new model of SPO/ Staking pool with the star system
- Launch program like Catalyst project for game developer & creator of Miverse
- Number of projects launched on any of the new scaling solutions
- Number of creative projects made in Miverse
- Number of token offered in Miverse (of star system)
- Number of games made in Miverse
- Number of SPO/ Staking pools (star system) launched in Miverse
- Number of SDK, open-source made for Miverse developer community
For measuring the community awareness
- Total traffic to Miverse website
- Total reach/ reaction on social posts of Miverser (including: facebook, twitter…)
- Total user in community (facebook group, discord, telegram…)
KEY METRICS IN THIS PROPOSAL
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- Number of views to comic series on other comic platforms
- Number of views to comic series on Miverse
- Number of user register to Miverse through comic
- Number of comment, like, interaction to Miverse comic platform
- Number of user subscribe to comic series on Miverse
- Number of user watching comic & also a gamers
- Number of user that doing comic quest for Miverse game
PROJECT OBJECTIVES
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Phase 1: Release the MVP successfully
- Game run stable
- Play-to-entertain players support & spread the game
- Attracting a number of gamers to join the game
Phase 2: Release the metaverse successfully
- Number of play-to-entertain buy land in-game
- Number of land buy in-game
- Number of new acquired user play MMO game
- CCU
Phase 3: Successfully leading community to develop the Miverse
- Number of developer & creator join to build Miverse
- Number of content & game will be created by developers and creators
- Total number of wallet used for voting
- Total staking value from investors
WHOLE BUSINESS CHALLENGES
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1. Metaverse is a big deal with a small company:
That's the reason why we don't make our way like other big and experienced companies on developing metaverse, they make it like a small society with multi-complex functions. We will only make it for gaming entertainment and we do it step by step, from small to bigger things. What if we have a chance to expand like them? We will, but let's do it after the first 5 years.
2. Investors in this market are loving 5 years ideas than 10 years - our idea will not attract them:
Like Cardano ecosystem - Great thing takes time. We're very clear about our vision, so who those believe will believe, and we will try a million ways to go ahead to show that we appreciate them.
3. This project starts with prosing 3 proposals, what if we successfully be funded all of them or failed to leave only one?
This is our first time raising funding in Cardano and we are well aware of this. Currently, the team of this project is mixing of professionals in a game studio and a marketing agency. About the comic production, we will work with freelancers. And all of those development components were planned to develop independently in case of failure in raising funds. So, whether one or three proposals will be funded, we can make them successful.
Moreover, the mixed plan of three proposals will help to boost the performance of the project and the Cardano ecosystem. So, we hope that we can be successfully be funded with all 3 proposals at a time.
4. How can we survive without Catalyst project funds?
For developing this project, we need million or maybe billion of dollars. So we cannot depend on only the Catalyst project. So, we're not just developing raised funding plans from investors but also designing the monetary model that can help Miverse survive and develop further in the future as we described above. Moreover, we will start to raise private funds at the end of this phase. Hence, we hope that Catalyst project can help us at first step, hardest step of every dream.
In addition, you can check our tokenomic file here. This file will be updated regularly depending on our executive plan. <https://docs.google.com/spreadsheets/d/1QJY6cNSdY6BqWuSMJlYpyTNVrRyhMXnCO0gag6J5Txg/edit?usp=sharing>
IN THE SCOPE OF THIS PROPOSAL
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Comic production is one of the hottest entertainment industries in the world now, there are a lot of comic platforms grow super fast in 10 years with help of thousands of comic series and authors. Means that it's very challenging! There are some key challenges that we have to face including:
- We're new, how can we diverse our comic category? The comic is one of our creative content categories that encourage creators to engage to help boost up Miverse to the world. So, we won't aim to diversify the comic categories to fight back to other comic platforms. As the mission of Miverse, we will develop by ourselves or encourage authors to develop comics with the purpose of maximizing the experience of gamers in Miverse.
- Making a comic series that people love is not easy, it's a fight of one to a thousand: yes! it will be hard at the beginning, maybe spend months of trying to make someone notice your comic with thousand times of fixing. But, we know that this is business and not publishing comics as a personal hobby. So we have a marketing plan and community development, interaction to learn faster, lean for getting the better state faster.
There are a lot of smaller challenges that we already analyzed and have plans to avoid or mitigate the damage to a minimum. But the above 2 challenges are the big ones that we think are more important.