A way to make gaming a more rewarding experience through the use of fungible and non-fungible tokens. On the fungible side PlayerMint creates prize pools of a token called PMX. These prize pools get distributed out to gamers based on their in-game performance on popular titles like Fortnite, CS:GO, and Splitgate every 5 days or epoch. PMX is strictly earned via gameplay performance and there is no requirement for the user to spend money in order to interact with the system. This means there is no potential for monetary loss regarding gameplay performance.

On the non-fungible side PlayerMint features its own NFT marketplace. This is the gamers spot to mint their own crypto-assets to be traded and transacted on the open marketplace all through the token they earn via gameplay performance. This creates a token system economy fueled by gameplay and creativity all on top of Cardano.

What are Community Access NFTs?

In short, a way to enable exclusive access within a community through digital scarcity that can be earned, given, bought, and traded. Imagine your favorite content creator minted their own set of NFTs that not only had strong visual appeal but also offered unique benefits. For example you got to be a part of their next video, earned a role in their Discord with special permissions, and got a VIP badge on their Twitch. Community Access NFTs provide deeper engagement in a way that creates a positive relationship between creator and fan. The creator of course makes money through enabling this engagement and the fan can sell the NFT if they no longer want the access it provides them.

A prominent example of Community Access NFTs is what Gary Vaynerchuck is doing with VeeFriends. VeeFriends is an NFT project that grants its holder benefits in the form of access to Gary and what he's up to. Every single VeeFriend acts as a ticket to VeeCon, a business based conference, for 3 years. Specific VeeFriends offer additional benefits like the "Video Game Vulture" that enable its holders to play video games with Gary in person.

In the past week 162 VeeFriends have been sold at an average price of $64.9k leading to a sales volume of $10.52m (at time of writing). All these sales benefit Gary, but they mostly benefit the token holders.

Bringing Gamers to Cardano
Many creators and gamers are very crypto curious or have already joined the movement. One of the largest esports org founders, Banks of FaZe Clan, is already sporting a CryptoPunk as his Twitter profile picture. This isn't surprising as gamers are digital natives. They understand the value of digital items and are already buying cosmetics for their in-game characters and subscriptions for emotes on their favorite creators' Twitch channels. The jump to a token earned from gameplay performance and NFTs that provide further community access is an easy one for gamers and creators alike.

Launch Status

The PlayerMint project is currently being developed with lots of progress being made on its design. Because PlayerMint has not launched yet this proposal describes the team's objectives, key metrics, roadmap, and budget for before and after the launch of the product. A full product launch is expected around December of 2021.

Pre-Launch

Objectives

Education for creators and gamers on the basics of blockchain and quality NFT projects. This education will focus on using games as an analogy for how the technology works. For example explaining Bitcoin mining through Minecraft.
Once creators are educated the PlayerMint team will offer free consultation on constructing a quality community access NFT strategy. This will involve tokenomics, utility, and marketing so that the creator is ready to mint on PlayerMint once the product is live.
The PlayerMint team will maintain a list of all creators ready to launch their community access NFT strategies as well as keep in close contact with them.

Key Metrics

The number of creators and gamers educated about blockchain/NFTs.
Total onboarded creators audience size.
The number of community access NFT strategies created.

Roadmap and Budget

$13k of the total requested funds will go towards the development of the NFT mint and marketplace on PlayerMint. This development is currently taking place and the requested funds would go towards its completion.

Roadmap - Effective Immediately:

1. Creation of educational materials for creators and gamers

2. Distribution of educational materials

3. Strategize with creators for post-launch

4. Maintain contact with creators

Post-Launch

Objectives

Execute all community access NFT strategies made by creators under the consultation of PlayerMint. Ensure the creators are able to do an equitable NFT launch that creates excitement in their community that can be maintained for the long term.
Market and maintain the community access NFT strategies by focusing on helping the creator interact with their community, sell their NFTs, and increase overall engagement.

Key Metrics (3 / 6 / 12 Months)

The revenue generated by creators: $40k / $100k / $1m

The number of creators and gamers onboarded to Cardano: 10k / 50k / 125k

The number of NFTs minted by creators: 5k / 12k / 50k

The volume of secondary market sales: $10k / $65k / $2m

Roadmap and Budget

$2k of the total requested funds will go towards enabling the PlayerMint team to help market community access NFT strategies. This marketing will be done in full collaboration with the creators in order to create mutual benefit between all parties involved. Any and all marketing materials associated with a community access NFT strategy will be approved by the strategies creator.

Roadmap - Effective at Product Launch:

1. Begin execution of community access NFT strategies

2. Market community access NFT strategies with creators

3. Maintain contact and support for creators

4. Attract more creators

5. Repeat

Meet the Team

Grant Scholl - Chief Executive Officer

Has 2 years of experience in gaming and 4 years in blockchain. He works to build out the ultimate vision of PlayerMint and how it will evolve overtime.

John Rousseau - Chief Operating Officer

Has 34 years of experience in gaming and 2 years in blockchain. He works to maintain the internal company and ensure operations are running smoothly.

Aidan Rankin-Williams - Chief Experience Officer

Has 2 years of experience in gaming and 3 years in blockchain. He works to form the user experience from first contact marketing to engagement across the product and customer support.

Jack Rousseau - Growth Manager

Has just begun his journey in gaming and blockchain. He works to grow the community through the use of social media, networking, and events.

Greg Fox - Strategic Advisor

Has 7 years of experience in gaming and 1 year in blockchain. He works to provide advice and guidance as to how the project should progress and establish quality lines of revenue.

Revenue Model

The PlayerMint revenue model has been constructed with the sustainability and longevity of the project in mind. PlayerMint mints PMX every 5 days. This means the years supply of tokens are minted in 73 separate epochs. Each epoch 80% of the minted tokens will fund the prize pool for gamers to get paid to play. The other 20% of the minted tokens will be distributed to the PlayerMint Team. For the NFT side of things the creator will obtain 98% of all initial market sales along with any royalties they set for secondary market sales. PlayerMint will take 2% of all NFT sales, both initial and secondary. Once the supply cap of PMX is hit this 2% of NFT sales will go towards funding prize pools for gamers to get paid to play. This revenue model aligns incentives between the PlayerMint Team and community. In order for the Team to have sustainable revenue the community must be receiving meaningful payouts of PMX and see reason to mint and trade NFTs.

Mint Condition Example

Thanks for reading the PlayerMint team's proposal! To finish things off here is a fictional example of what community access NFTs could accomplish for a gaming content creator:

Lovelace is a Youtube streamer with a total community size of 25k. She averages about 1k concurrent viewers per stream and gets quality engagement from her chat. Lovelace decides that it is time to quit her 9 to 5 and go full time on her passions in gaming and content creation. She needs to be making more money to do this but wants to avoid an increase in ads. Instead she turns to PlayerMint. Lovelace starts getting paid to play and encourages her community to do the same. After a month of this Lovelace starts minting her own community access NFTs that offer benefits like playing with her on stream and getting 1 free piece of merch every month. Lovelace is now financially stable from PMX payouts from gameplay performance and royalties from secondary market NFT sales that scale with her community size.

Links
Whitepaper and Other Documentation: https://drive.google.com/drive/u/0/folders/1pE-ovr4skgZnzte2qzMmWuN_kk16CzW_

Discord: https://discord.gg/kPUW2e4CCz

Twitter: https://twitter.com/theplayermint

Monthly report

September 19, 2023 Progress report

Status:

On track: No

Estimated completion date: -

August 20, 2023 Progress report

Status:

On track: No

Estimated completion date: -

Summary

Here's what we've been up to: - Completing all testing of product smart contracts (claim $PMX, mint NFT, list NFT, unlist NFT, buy NFT) - Refined UI for MVP launch - Developed and implemented PlayerMint Pro to create another benefit to holding PMX - Created various articles and go-to-market documentation/strategy - Set a launch date for the MVP launch of PlayerMint!!!!! We will be live on mainnet on the 23rd of this month The above info will look very similar to our Fund4 and Fund8 report as they are all for the same project.

Evidence

https://medium.com/playermint/prioritizing-compliance-elevating-rewards-the-founder-era-unveiled-12a2556219

Explanation

It is a link to a medium article we published detailing the launch of PlayerMint.

July 7, 2023 Progress report

Status:

On track: No

Estimated completion date: -

Evidence

https://drive.google.com/open?id=1241lWwrb-tklUiQ39VvcU69XjhJgXfCx

Summary

Here is a list of all the fantastic things we have been building: - We have successfully deployed the PlayerMint protocol to the Cardano mainnet! - We have tested out PlayerMints plutus contracts on mainnet. We have seen success doing the following: minting NFTs, listing NFT, buying NFT with fungible tokens, and claiming fungible tokens (PMX) - We have implemented a batching system for our PMX claim model. This is because we were running into concurrency issues around UTxO management (single UTxO of PMX couldn't be claimed by multiple people at the same time). - We have completed a series of UI/UX improvements - We have been working on load balancing mechanisms to ensure the protocol can support many people utilizing the protocol at once - We have been building a go-to-market strategy with influencers in the Cardano ecosytem and Future Fest to ensure the Cardano community knows about PlayerMint when we launch The above updates will look the same as our report for Fund4 and Fund8 as they are all for the same project.

May 20, 2023 Progress report

Status:

On track: No

Estimated completion date: -

Summary

Here is what we have been up to since the last update: - We completed all testing and work on the preview testnet! This was a major accomplishment for the team as we had seen internal and external success across the platform. - We have now progressed on to internal mainnet testing. This means that we have initialized our smart contracts on the mainnet and have begun testing. So far we have successfully had a claim of a fungible token based off of real in-game data from Fortnite. We have also begun testing the minting tool and listing the minted NFTs on to the marketplace. Note: This report will look the same as our report for Fund4 and Fund8 as they are all for the same project.

Evidence

https://cardanoscan.io/transaction/e809cdbda7e4edd49fc99eafe68962d1ad1334a97c70bd6b00bb9fcf056bc367?tab=utxo

Explanation

The link is to the very first mainnet transaction on the PlayerMint protocol. It is of a wallet claiming a token (official PMX may be under a different policy ID). The transaction is multi-witness. So you can see the user claiming the PMX from the PMX distribution wallet and the distribution wallet receiving 4 ADA as a claim fee.

April 19, 2023 Progress report

Status:

On track: No

Estimated completion date: -

Summary

We have accomplished an INCREDIBLE amount since our last report! Here's what we have been up to: - Completed all UI/UX issues that were found through testnet participation - Published fixes to all bugs that were found through testnet participation to a staging environment. This staging environment is currently being reviewed by the PlayerMint team to ensure they function as intended - A function for our NFT marketplace has been added so users can search NFTs by policy ID - The NFT syncing system that detects NFTs that were not minted through our own service has been completed and is currently being worked on in our staging environment - We are getting to the point where we will soon wrap up the testnet! We currently are planning for the last epoch of the PlayerMint testnet to be from 4/20/23 to 4/25/23. This is because we are deploying to mainnet! Once deployed we will be conducting some final testing before hitting the launch button! - Communicated with the team at RareEvo. They are offering to introduce us to different esports organizations as well as bigger businesses in the space that could provide some incredible opportunities! The big thing here is dependent on if we sponsor a booth at RareEvo or not. The above report may look very similar to our report for Fund4 and Fund8. This is because they are all supporting the same project.

Evidence

testnet.playermint.com

Explanation

It is a link to the PlayerMint testnet! You can enjoy the entire experience on the Cardano Preview network.

March 20, 2023 Progress report

Status:

On track: No

Estimated completion date: -

Summary

We have been up to a huge amount over the last month! Our testnet is live and we are actively working towards a mainnet launch. Here is what we've been doing: - Publishing all bug fixes / UI changes to a staging environment that is currently going through a QA process - Updating the instance of the Cardano Transaction Library (C.T.L.) that we are using so that we can call Blockfrost through it. The purpose of this is to be able to securely query NFTs that are in a users wallet so that they can be displayed and listed on an NFT marketplace - Creating logic through C.T.L. that checks the users wallet for a specific policy ID. Based on this policy ID the user is allowed to generate XP or not (XP is what is used to determine PMX payouts). - Creating logic so that if a user changes their Epic Games username we can still query their gameplay performance to determine payout - The last big thing we have been working on is all go-to-market based practices we need to complete in - Communicating with esports orgs and gaming based projects around the PlayerMint protocol and how it can be utilized The above info will be very similar to our Fund4 and Fund8 reports as they are all focused on the same project! Thanks and please feel free to reach out on our Discord with any questions!

Evidence

testnet.playermint.com

Explanation

It shows off our testnet! This is the tool we need to complete and launched to mainnet so that we can work with esports orgs / content creators around minting and enjoying Community Access NFTs.

February 20, 2023 Progress report

Status:

On track: No

Estimated completion date: -

Summary

What We've Accomplished: - Preview testnet has been launched and we have hit 221 users - Users can play Fortnite, claim tPMX, and purchase NFTs - We have discovered 2 in-game exploits thanks to the community and deployed a hot-fix for it with a long term solution in the works - We have discovered UX bugs and issues around claiming tPMX that have been resolved - We have collaborated with top NFT projects to bring mainnet rewards to our testnet users - We are getting prepared to launch PlayerMint on the Cardano mainnet - Communication with esports orgs and gaming companies The above will look very similar to our Fund4 and 8 reports as they are all for the same project.

Evidence

https://testnet.playermint.com/marketplace

Explanation

It is a link to our marketplace. It shows off the cool things people have listed on our testnet and where future NFTs from esports orgs will be listed.

January 20, 2023 Progress report

Status:

On track: No

Estimated completion date: -

Summary

Over the last month the PlayerMint team and our devs over at MLabs have been putting in massive amounts of effort! In short we have launched PlayerMint to the Cardano Preview testnet!!! Anyone can jump in and tryout the experience here: https://testnet.playermint.com/

Evidence

https://testnet.playermint.com/

Explanation

The evidence displays a link to our testnet! You can go off and enjoy the full experience right now which is incredibly exciting. We have a little setup guide if you need any help: https://docs.playermint.com/documentation/general-information/how-to-use-the-playermint-testnet

December 20, 2022 Progress report

Status:

On track: No

Estimated completion date: -

Summary

Because we need PlayerMint to be live in order for the Community Access NFT model to work with gaming content creators I am sharing our dev updates: Dev Work Completed: - We transitioned from the Overwolf gameplay API to one that calls Epic Games directly. This was for security reasons and a better UX - We currently have 18 private testnet participants that are successfully minting, buying, and selling NFTs with PMX that was claimed via gameplay performance - We have fixed a good couple bugs and UI/UX changes based off of feedback Next Steps: - Complete the critical bugs that we have found - Open up the private testnet to more users - Launch the testnet to the wider public - If all looks good then deploy to mainnet

Evidence

https://preview.cexplorer.io/tx/4b58376f7e087ff7ac12a9aa999622d99471efe2879b9678c2b6c1891cc330ea#data

Explanation

It is a link displaying a smart contract transaction on the preview testnet where someone was able to purchase an NFT with PMX earned via gameplay performance.

November 22, 2022 Progress report

Status:

On track: No

Estimated completion date: -

Summary

What we've done since last report: - Had follow up calls with Xen to report our progress on the project - Added to our list of potential gaming content creators that would like to use the service Current blockers: - The response we got from folks when we first messaged a group of content creators was overwhelming interest. The biggest thing they wanted to know was when PlayerMint would be ready for their community to use to obtain PMX for purchasing the NFTs and then trading of them. For this reason we need the product to be live before we can go back to these creators and get their interest on it.

Evidence

https://twitter.com/XenGGs

Explanation

It is a twitter link displaying the gaming organization that we have a contract with for the marketing of PlayerMint. They have expressed past interest in the community access NFTs but want to see a live product first.

October 19, 2022 Progress report

Status:

On track: No

Estimated completion date: -

Summary

The current progress we have been making on this proposal pertains to the development of the protocol. Here is an update on that: - Simplified existing smart contracts and integrated vasil benefits - Complete the UI/UX of the entire protocol for the MVP - Integrated the minting and listing NFT endpoint to the frontend - Buy NFT and Claim PMX endpoints should be done very shortly - Testing of all smart contracts before integration As for the content creators we are working with we have kept in-contact with Assorted Savage and Xen.

Evidence

Here are links to the two twitter accounts of gaming content creators we are working with: https://twitter.com/XenGGs https://twitter.com/AssortedSavage

Explanation

They are links to the twitter pages of the gaming content creators that have expressed interest in community access NFTs.

September 20, 2022 Progress report

Status:

On track: No

Estimated completion date: -

Summary

We have been speaking with two creators in the space about launching their own community access NFTs. One is Xen, a Fortnite based esports org we have a deal to market with, and the other is Assorted Savage, a fortnite based streamer. Both are interested but need more work to be completed to agree to launch their community access NFTs. In particular Xen is more interested in launching on Ethereum due to its mainstream awareness. We are hoping the launch of PlayerMint and the opportunities it provides alongside the Vasil hardfork will go towards changing their mind.

Evidence

https://twitter.com/AssortedSavage https://twitter.com/XenGGs

Explanation

The 2 links are of the projects we have been speaking to about community access NFTs

August 24, 2022 Progress report

Status:

On track: No

Estimated completion date: -

July 18, 2022 Progress report

Status:

On track: No

Estimated completion date: -

Evidence

https://drive.google.com/open?id=10r4jLaRQgmfaq4whKf0Qgqp2ckfKt6VB

Summary

If there are any gaming based content creators in your network it would be great to get connected to them! That or any ways in which we can encourage new gaming content creators to get into Cardano through fun community onboarding events. We are currently contacting a Fortnite creator named Assorted Savage and have a deal worked out with Xen, a Fortnite esport org.

June 24, 2022 Progress report

Status:

On track: No

Estimated completion date: 08/31/2022

May 24, 2022 Progress report

Status:

On track: No

Estimated completion date: 07/30/2022

April 14, 2022 Progress report

Status:

On track: No

Estimated completion date: 06/30/2022

March 15, 2022 Progress report

Status:

On track: No

Estimated completion date: 07/31/2022

Team

Our team has a combined 45 years of experience in gaming and 10 years in blockchain. We were successful in Fund4 of Project Catalyst.

Aidan

scholl.grant

Website

https://playermint.com/

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