Please describe your proposed solution.
Crypto needs timeless blockchain games that appeal to more than just crypto
insiders. The handful of blockchain games that have achieved some cultural relevance have only
had brief bursts of popularity, and still only remained known to those in tune with the crypto space.
They are ultimately shallow games with limited gameplay, usually just showing one
particular use case of NFTs and smart contracts. We need a game that is so engaging that users are
willing to adopt crypto just so they are able to be a part of the cultural event happening around it. The
fear of missing out must transcend the crypto space to everyday gamers and artists. But for this to
happen the game must be adaptable, customizable, and collaborative.
NFTs have had success as three things: collectibles, video game assets, and unique pieces of fine art.
Digital artists are now able to sell their works for prices that allow them to do it full-time, instead of
being forced to work for clients or advertisers to make a livable wage.
Treasure Chain is a different kind of game that combines these three things. It is an NFT Art network
where users keep NFT artworks called Tiles in a Deck, and can arrange them on a Map however they
like. When minting an NFT using the platform, users can assign rules (called Linkages) about where
it can sit on the map, what art can be contained within other art, and what art it can combine with to
form new art. These Linkages are modular and can be combined in different ways. They can form a
sort of neural network of art where artists can create games and collaborative worlds together. All
transactions are done in crypto so users can profit from their creations and contributions. It is part
game engine, part social media platform. Instead of relying on one specific art style for a game to
receive mass adoption, since all artwork is user-created, players can collect and interact with only
artwork they enjoy.
How does your proposed solution address the challenge and what benefits will this bring to the Cardano ecosystem?
I believe a game like this will draw much more attention and adoption to Cardano. If it is the only blockchain with a platform like this, many artists and NFT enthusiasts will migrate to Cardano.
The innovation of Treasure Chain is its adaptability and range of use cases. It is unlike any current NFT platforms or social media sites. We believe it can be an epicenter of the Cardano NFT ecosystem, it is like a lobby that can link many different projects together. It provides a space for exploration, where disparate projects and games can start to collaborate in interesting ways. It will bring lots of fun and excitement to Cardano.
How do you intend to measure the success of your project?
The success of the project's development will be determined by meeting milestones posted publicly on our Notion page. The community can see for themselves if we have completed our stated goals in a timely manner.
Once the project is launched there are many metrics that can be used to measure success. Firstly, the number of users and the growth rate of new users will be the main ones to look at. If we can see that a substantial portion of Cardano's unique active wallets has engaged with Treasure Chain, we can tell how much of an impact it has on the Cardano ecosystem. These metrics will be compared to similar NFT marketplaces on Cardano and similar platforms on other blockchains.
Metrics from both the testnet and mainnet ledger will be publicly available for auditing. The key metrics we will look at are:
- The number of unique active wallets that connect to the platform.
- Number of daily transactions.
- Transaction volume.
- Total platform revenue.
- Total revenue gained by users, as well as a ranking of users profiting on the platform.
- The number of existing NFT projects that post their content on TC.
- Weekly social media posts related to TC on Twitter, Instagram, etc.
Please describe your plans to share the outputs and results of your project?
The updates of the results of our work will be posted on the Treasure Chain social media channels such as Twitter and Instagram. We will reach out to community platforms to help broadcast our latest progress. We will prepare data collected from the ledger in a clear format to present to the community.
We will constantly communicate with the Catalyst committee and IOG about the progress of the project.
The project's Notion and Github page can also be viewed to see progress.