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The Why objective aims to tell a compelling story. While the current Layer 2 story is interesting from an application perspective, it neglects to leverage the powerful story that FIO is, in fact, a Layer 1 protocol. The Layer 2 field is crowded and somewhat confusing. The Layer 2 space is increasingly being defined in terms of side chains and other scaling protocols (e.g., Polygon) that rely on a Layer 1 chain to finalize transactions. Realistically this put current FIO functionality at Layer 3, the application layer, a very crowded layer.
The goal of FIO Assets is to enable the FIO token to capture the value that users and investors place on Layer 1 protocols.
TBD: Table of valuations of L1 versus L3 EOSIO-based (and other) chains.
The Users (Part 1) - NFT Assets
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The FIO strategy to date has been to increase the number of wallets and exchanges that support the use of Domains and Crypto Handles to support the transfer of crypto. In addition, we are trying to come up with new and interesting use cases that will make users want to create (and possibly exchange) domain, crypto handle, and signature assets. In other words, were are trying to make our existing assets more valuable.
The goal of FIO Assets is to drive more utilization of the FIO chain by providing infrastructure for the storage of NFT assetswhich are already known to be valuable to users.
TBD: Table of how many assets are being stored and the cost of storage
Blockchain Gaming, FIO Domains, and FIO Crypto Handles
Rather than casting a wide net, the FIO Assets project proposes focusing on blockchain gaming as its primary market. The gaming market already employs wide use of NFTs and there are many examples of marketplaces and Layer 1 protocols making revenue by supporting the gaming industry. In addition, there are several compelling use cases for the use of FIO Domains, FIO Crypto Handles, and NFT Signatures within the blockchain gaming.
TBD: need to organizes this into clear use cases:
Use Case | Summary | |
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Asset drops |
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Support for wallet activation/signing |
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Auto-sign NFT |
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Gamer tipping | ||
Proof of origin |
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Royalties | ||
NFT Marketplace integration |
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Dashboard NFT Management |
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The Money objective aims to get FIO to economic sustainability. Fee-based revenue models generate revenue from the storage of assets and the secondary trading of those assets on marketplaces.
The goal of FIO Assets is to increase revenue through fees by supporting the storage and exchange of NFTs (initially) and other user-generated assets (in the future).
The revenue model for NFT assets is similar to that of FIO Domains with one exception: there is already a strong and growing market for storage of NFTs while the market for FIO Domains is still uncertain.
KPIs
TBD: need initial revenue model
Budget
TBD
WP Lead | ||
Engineering | ||
Business Development | ||
Marketing |
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AtomicHub |
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AtomicAssets Contract |
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Dgoods standard | https://github.com/ObsidianLabs/eos-studio-docs/blob/master/source/contracts/dgoods/index.rst |
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