Last updated a year ago
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We are going to use the classical exploitation of a stakepool but distribute the totality of earnings among players the rewards according to performances in game.
This is the total amount allocated to Development of a video game leveraging stakepools for its players / competitors.
The whole Metadams Team
We have no depedencies.
Problem : Need for increased user engagement and adoption within the Cardano ecosystem. + Game economics are inflationary and unhealthy whenever it involves a token. While staking provides a way for users to earn rewards, there is a need to create additional incentives and immersive experiences that attract and retain users. By combining the concepts of a game, NFTs, and staking rewards, we aim to tackle this challenge.
Approach : Combining elements of gaming, blockchain technology, and financial incentives to create a unique and compelling user experience. By leveraging the Cardano blockchain's secure and scalable infrastructure, we can provide a trustworthy and transparent environment for users to engage with the game, trade NFTs, and earn staking rewards. This approach aims to leverage the growing popularity of blockchain-based gaming and the desire for users to participate in staking activities. Metadams is engaged with a leading gaming studio called TapNation. We are levering its network and expertise to bring web2 players to Web3.
Target Audience:Both existing Cardano users and a broader gaming audience(web2 and Web3) that does not care or know about web3 games. Existing Cardano users will have the opportunity to utilize their staked ADA within the game, enhancing their staking rewards and deepening their involvement in the ecosystem. We also aim to attract gamers who may not yet be familiar with blockchain technology, providing them with a seamless and engaging introduction to the benefits of the Cardano platform.
Demonstrating Impact: Firstly, we will track and analyze user engagement metrics such as the number of active players, in-game transactions, and staking participation (rewards redistributed / amount staked). An increase in these metrics will indicate the successful engagement of our target audience. Additionally, we are gathering user feedback through discord and community interactions to understand their satisfaction and perception of the game.
Here is our Play To Stake mechanism :
Metadams is a Play-to-Stake metaverse based on the Cardano blockchain. Such a game requires a redistribution of staking rewards based on players’ performances, however no research exists on this specific matter yet. Metadams is a Play-to-Stake game based on the Cardano blockchain. Such a game requires a redistribution of staking rewards based on players’ performancesThe goal of the redistribution system is to guaranty that the flux of rewards earned in the pool exactly matches the flux of rewards the players can withdraw in game, as Metadams takes no fees on staking.
Such a system could be implemented on any delegated proof of stake protocol based blockchain.
Metadams is a Metaverse game that players can connect to through their web wallet extension. There is no real leading video game on Cardano and our positioning with Tapnation will allow us to bring light to the whole ecosystem.The video game is made so that players do not have to see the blockchain side of the game but only the value it brings. This game will onboard people onto the blockchain and especially on Cardano.We are leveraging the Tapnation expertise and network by putting it for the Cardano Ecosystem
In terms of impact and quantifiable metrics, our realistic expectations include:
User Adoption: We aim to attract and engage a significant number of new users to the Cardano ecosystem. Within a reasonable timeframe after project completion, we are aiming to achieve tens of thousands of registered users actively participating in the game.
Transaction Volume: With the integration of NFTs and in-game economic activities, we are targeting an increase in transaction volume within the Cardano ecosystem. Within the same timeframe, we expect to facilitate thousands of transactions per month, involving both ADA staking and NFT trades.
Community Growth: As the game gains popularity and users engage with the Cardano ecosystem, we anticipate a growth in the Cardano community. This growth will manifest through increased participation in game and within the community events.
For the Project :
For Cardano :
Community Engagement: We will actively communicate with our user community, stakeholders, and enthusiasts through social media like we have for the past 2 years now already
Partnerships: We will collaborate with relevant projects and organizations in the Cardano ecosystem and the blockchain community to share our outputs and foster a collaborative environment like we have already for the past 2 years with more than 10+ partners in the community.
Academic and Research: We will share our findings with academic and research communities through publications, conferences, and workshops to contribute to collective knowledge and further research.
Developer Resources: We will provide comprehensive documentation, developer resources, and tools related to the project's outputs to encourage developers to build upon our work.
We have been working on this project and within the Cardano Community for 2 years, securing the best partnerships and now working with one of the best studio game in France (Tapnation)
Most of the project is done, we just need help on the regulation and the sufficient funds in order to have a fully functioning pool.
Check our product here : https://metadams.io/
The main goals which are achieved for most for the project are:
To validate the feasibility of our approach and measure the achievement of our goals, we have employed and will employ the following strategies:
Our milestones have been reached so far :
https://metadams.gitbook.io/metadams-whitepaper/
Game Development
Deliverables: (done)
Outputs:
Intended Outcomes:
Milestone 2: Pay to stake Game Development and Deployment
Deliverables:
Outputs:
Majority of funds would be allocated into the staking pool for delegation (3 000 000 ADAs)
Rest would go to the payment of legal and developers (2 000 000 ADAs)
Cost rational:
https://metadams.io/teams