Our GameFi Solution
The principle of "gamifying" traditional finance mechanisms using the Blockchain is the dawn of a new era. It is not uncommon to see so many Play&Earn systems take off on an upward trajectory only to crash into oblivion as more rewards are released due to new players getting onboarded at an unsustainable rate. So, in a world where the possibilities offered by GameFi are still in their infancy, how can we make a Play&Earn model sustainable and robust?
Considering the Play&Earn market, several fundamental pillars were pinned to be integrated into Polyland's ecosystem:
- Crossing Interests: Different stakeholders are involved in the game and its economy. These included players, investors and speculators, collectors, the team and the partners. Each of these interest circles have their expectations. However, the players are the most valuable piece of the ecosystem and therefore it is their interests that will be given priority. This is without forcing a change or overlap of interests, for example a player becoming an investor and vice-versa.
- Levers of control: The ecosystem is launched in stages with potentially several test phases. The objective is to adjust different parameters of the economy depending on the number of active players. It is important to note that some in-game mechanisms will be continuously optimised and fine tuned as the game evolves and matures. Theses levers of control, their mechanics and implementation plans will be shared with the community.
- The DAO: A self-governing economy is one of the pedestals on which Polyland is built. down the line, a DAO is established following the roadmap. Initially, all users do not necessarily understand the DAO structure nor do they understand what is at stake in an ongoing vote, which sometimes requires specific expertise in organisational, economic, business or IT matters. Secondly, there are incentive mechanisms that reward DAO participants. While this is good, it is important to take into account some users' their lack of expertise on some matters as this could lead to frustration or DAO participation solely for rewards. Polyland is proposing an innovative DAO that addresses the need to categorise votes, while allowing the most engaged proposals to differentiate themselves.