{"round": {"tags": ["karma-gap", "grant-program-registry"], "type": "program", "asset": "", "title": "Optimism - Cycle 2 grant", "status": "Inactive", "networks": ["EVM"], "bugBounty": "", "createdAt": 1725476581991, "startDate": "", "categories": [], "ecosystems": [], "grantTypes": ["Direct Grants"], "description": "Optimism alignment\\nWe are building the 4 dimensional railway of the metaverse - the infrastructure to connect social dapps and enable massive on chain gaming. The cost is too high and the speed too low on mainnet for casual users. Optimism allows for low cost of entry and high user rates, which is absolutely necessary for scale and interconnectedness.\\n\\nOur tools give the metaverse components a place and time, which gives us the ability to create a connection graph to unites the various worlds in novel ways. Map your 3D island, connect like minded groups, or connect anything represented on-chain and help form the neurons of our digital consciousness. These are the portals that will connect our experiences.\\n\\nOptimistic railway is like an on-chain mass transit system, making possible the connection to any world from any world. Move as an individual or as a group. Take a solo or group tour of digital art galleries, join a virtual scavenger hunt, compete in a massive trivia game, or a massive squid game with your NFTs. Mass transit enables unification between collective spaces and encourages coordinated activities for truly unique group experiences.\\n\\nWe can build these railways on many chains, and ultimately will, but we would first like to focus on optimism as it has a proven record of success and is directly integrated with Ethereum.\\n\\nHow will the OP tokens be distributed?\\nCore team & operations will receive 90%, and 10% will be used to incentivize users through “Free play” entries in our initial games designed to be connected through our system. The core team & operations distribution will primarily be allocated for the following purposes: team compensation (building out core product, public UI, and community support), general project expenses (web services, deployment costs, etc.), and marketing costs (advertising, social media management, cultivating strategic partnerships).\\n\\nHow will this distribution incentivize usage and liquidity on Optimism?\\nThe tools built on here are designed to utilize continual micro-transactions, which are ideal on Optimism. Additionally, we will distribute tokens minted on Optimism as in-game rewards in our flagship product, an interconnected on-chain arcade. We are bringing coin operated games to the metaverse, using small amounts of ETH or other tokens to purchase credits, similar to popping a quarter in the arcade machine. This model allows ongoing liquidity by encouraging the flow of in-world tokens to users and accumulating micro transactions that may ultimately be used as liquidity for newer tokens that will live on Optimism.\\n\\nWhy will the incentivized users and liquidity remain after incentives dry up?\\nOnce users are in the system, they will continually be incentivized to re-circulate in world currencies to keep the economies alive, but even without that, the pay-to-play micro-transactions will sustain liquidity as long as development around these arcade style games and experiences continues. If the speed of transactions remains fast, the cost of gas remains low, and the gameplay / community experiences remain fun, the community will have little reason to leave.\\n\\nWe intend to grow alongside the entire ecosystem and the initial incentives are just opening the door. As we build more fun experiences and allow all creators to connect to our meta-railway, the user growth can and will continue organically. Additionally we can issue new tokens with added benefits to longtime community members to incentivize future activity during potentially slower growth phases. How much will your project match in co-incentives?\\r\\nWe will match 2:1 in in-world tokens or freeplay vouchers. For every OP token received from this distribution, we will give away 2 of a similar rarity token or 2x the amount of in game credits of relative value, e.g. if 1 billion OP tokens exist and we received 1 million, we would mint a utility token of ours in a similar quantity of 1 billion, and give 2 million tokens directly to the community as incentives to use this system on Optimism.\\r\\n\\r\\nA commitment to success.\\r\\nWe are committed to building a functional community tool and we hold ourselves accountable to the deliverables. As such, we would like to lock up 50% of the tokens allocated to this proposal for a minimum of 6 months.\\r\\n\\r\\nIn order to obtain this half of the funding, we should prove that we have met a predetermined set of goals, outlined below. Only after completion of these goals or 6 months, whichever is later, we will submit another proposal outlining our accomplishment and requesting the remaining 50% of allocated tokens.", "socialLinks": {"blog": "", "forum": "", "discord": "", "twitter": "", "website": "", "grantsSite": "https://gov.optimism.io", "orgWebsite": ""}, "organizations": ["Optimism Foundation"], "totalAwardedUsdValue": "", "totalAwardedSubmissions": ""}, "application": {"version": "1.0.0", "lastUpdatedOn": 1725476699056, "applicationSchema": {"questions": [{"id": 0, "info": "Email Address", "type": "email", "title": "Email Address", "hidden": false, "required": false, "encrypted": false}], "requirements": {"github": {"required": false, "verification": false}, "twitter": {"required": false, "verification": false}}}}}