ERC-404 of "Graph coin duality" Enlightenment to the chain game track (Part II)

By Guago, W Labs

It has been almost a month since the last part "ERC404 of "Graph Coin Duality" Enlightenment to the Chain Game Track (Part I)" was issued, and the entire 404 track has been sluggish with the adjustment of the market, and the leader Pandora has even fallen to 5200U, and the candlestick drawn is like "the most dazzling earth dog style". Doing investment research at a low point can not be swayed by external emotions, and there is a kind of Ah Q spirit of "although I am 50% slumped, you can help me". Let's sort out the ideas in a few parts:

I. A few basic concepts are supplemented

Before I get into a few application cases, I would like to add a few points that I have recently discussed with my fren:

1. A fren said that Yuliverse uses DN404, not ERC404. And my own categorization is that this protocol of "coin duality" is uniformly grouped into the "404" category. Therefore, whether it is ERC404, DN404, or BT404 that has just come out, the name 404 is used.

2. What is the difference between these protocol? I am also a technical novice, and after listening to a few fren explanations, I can briefly summarize them:

ERC404 was the first to come out, merging ERC721 protocol (the most classic NFT protocol) and ERC20 protocol (the most classic Token protocol) into a new protocol with the highest gas fee. The first application is Pan Long, known as "Dragon One", and the mystery box mechanism adopts the "treasury queue circle" method, that is, as long as the user transfers the token, the destroyed NFT in his wallet is the last in the treasury NFT, and the NFT generated in his new wallet is the first one in the treasury NFT.

3. The probability of Pandora's five color boxes does not represent the proportion of the total, for example, the probability of the red box is 5.86%, which does not mean that 10,000 NFT can only have 586 red boxes at the most long, but that as long as the player tries his best to farm, he should be able to draw a red box by transferring 1÷5.86%=17 times between different Address. That is to say, as long as you brush enough times, you will definitely be able to brush out the red box, that is, 10,000 NFTs can theoretically be turned into a red box.

4. DN404 and BT404

DN404 is a new protocol based on ERC404 and was written by the authors of ERC721A. The principle of DN404 is to link ERC721 and ERC20 with a bridge, or two separate protocol, so as to drop the gas fee, and at the same time give other developers their own defined short in the order of mystery box, for example, the way the treasury gives a new NFT can be circled without queuing, it can be on a first-come, first-served basis, or it can be randomly drawn. DN404's first project was ASTX, which has always been seen by users as the Ryuuji of the 404 track. The Yuliverse we'll introduce later uses the DN404 protocol.

The BT404 protocol has just come out, and the point is to add the NFT Lock-up Position mechanism, that is, if you brush out the NFT you want, you can lock it up, and the province is accidentally destroyed by yourself. Then also prepared an NFT P2P market, that is, when players get a token, they can choose an NFT they want from the P2P market, and then the transaction fee of this P2P market is divided by all NFT holders in proportion. **I have to say that BT404 is the most suitable for blockchain games if it can really realize the above ideas. **The reason why the NFT of the chain game far exceeds the avatar NFT in terms of the number of transactions is because it is to be used, for example, if a warrior opens two mystery boxes are safemars, he will sell one to change the armor.

Second, several cases of the 404 track

The most fun thing about WEB3 is that when a new way of playing comes out, everyone can use their imagination and ability to continue to play, and continue to innovate in the code and conduct social experiments. Let's talk about a few examples of how 404 has been used:

Lumiterra

Lumiterra in Q3 last year we followed up as a key research project, at that time it was still a dark horse, the team background is good, there are ideas will make trouble, Defi + Socialfi + Gamefi three track all-you-have ideas, very popular with institutional investors, the investment institutions behind it are also very powerful, and it has now been upgraded to a big white horse. For the basic project situation, please refer to the nineteenth issue of the "Big Flying Digging Chain Tour" produced by Gua Tian:

Lumi launched a new set of 404-based NFTs in March, called "Lumiterra Totem 404", which is innovative and stands tall. Because this gameplay is still in beta and the code has not yet been Open Source, we can only introduce it through various fragmented information:

1. It should be the long most innovative chain game based on the 404 idea that we have seen so far, and the team is very active, writing a set of contracts by themselves, looking forward to Open Source;
2. Change the idea that new NFTs can be flashed out by transferring tokens between different addresses, and become that only buying and selling tokens (trading in Uniswap) can flash out new NFTs, which can increase the liquidity of the pool and increase the pumping income of the project party;
3. Added the LEGO mechanism of NFT, and there are three kinds of NFTs in the gameplay: bottom, top, and totem. A bottom + a top = totem, after synthesis 2 tokens become 1 token, it seems that the asset is "forced to Halving", but don't forget that this is a chain game, if the income of the totem in the game is greater than the loss of a token, then it is earned. This kind of forced deflationary model idea can provoke the game between players and project parties;
4. The circulation mechanism of NFT is different from the mechanism of Pan long's treasury queuing in circles, Lumi uses a "stack" mechanism, that is, the NFT destroyed first will be ranked first in the minting, of course, this will also cause the NFT to sink to the bottom can not be MINT out. During the testing period, the project team also made an adjustment to the mechanism.

Players who were lucky enough to MINT to totem NFT in March have pumped 2-3 times so far, and Lumi is about to start a second test on April 17, and 404 types of monster NFTs are said to be open in the near future, with a new swap mechanism.

Yuliverse

Yuliverse is a WEB3 social + location game that has been active for two long, which can be understood as the Pokemon Go of WEB3.

The team also took the lead in trying the asset play of 404, and sold OG 404 assets in mid-March, with a total of 1,000 assets, of which 300 were reserved for Yuli's original OG users, 200 were used for liquidity pools, and 500 were publicly launched through white sheets.

Compared to Lumiterra's more complex Totem 404 gameplay, Yuliverse's OG404 assets are relatively simple. The project is protocol based on the DN404 protocol, without complex rarity and NFT synthesis splicing, but only as a carrier of OG Pass, plus the gameplay of coin swap.

According to the official introduction, OG404, as the highest identity of the Yuliverse ecosystem, has the strongest rights and interests, including Token $ART Airdrop, in-game resource advantages, ERC ecological Defi staking, etc., although the details have not yet been announced, but the early players who entered the mint through the white sheet (mint price 0.2E) have earned about 3 times (now the NFT price is about 0.6E).

The reason why DN404 was chosen instead of ERC404, after communicating with the project team, is mainly based on two considerations, one is that compared with ERC404, DN404 can save about 50% of gas fees because of the advantages of the underlying architecture, and the other is that the project side of DN404 is more active and comprehensive in supporting projects that adopt the DN404 standard at the technical and community levels.

Overall, Yuliverse's layout on the 404 track is relatively simple, and it doesn't go long deep into the gameplay of 404, but is just an initial attempt to issuance new types of assets to reward loyal users who participate in OG and the game ecosystem in the early days. Because of the mutual empowerment of 404 assets and Yuliverse's game ecosystem, it has a more long imagination short than other 404 projects that are currently running alone. **

BinaryX

BinaryX (BNX), which has completely experienced the last wave of bulls and bears, has always been a chain game activist who is not willing to be lonely. Recently, BNX took advantage of the popularity of ERC-404 in March this year to launch a new game, Project Matthew, which is built on the BNB Chain (BSC) and sells an ERC-404 Token MB4 with game utilities.

Here's a quick rundown of Project Matthew:

1. It is built on the ERC-404 standard.
2. Depending on the number of BNX Token holders, Auto-Invest investors can purchase different MB4 IGO allocations.
3. A total of 40,000 404 Token MB4 were issuance, of which 90% were minting by players and 10% were used for the initial Liquidity, and the issuance price was 0.05BNB.
4. 404 NFTs Airdrops with different weights are allocated according to the rarity of the brushed NFTs, but there is no empowerment in the game.
5. By burning different amounts of 404 Token MP4, players can obtain Project Matthew's high-level asset Land (low-level asset Land can be obtained by consuming BNX) to participate in Play to Earn and earn game Token MC.

In general, the common assets of the new game are exchanged for BNX Token consumption (designed to achieve the purpose of consuming the main Token BNX), and the IGO Token ERC-404 uses the routine of BNX Token soft stake to empower the BNX Token. Therefore, the purpose of Project Matthew is to provide consumption scenarios for the main Token BNX of StepN, similar to Gashero for the main coin GMT of StepN. **

The addition of 404 assets in Matthew's game feels long a bit abrupt, and we guess that Matthew long's game was almost ready, just in time for the explosion of ERC404 at the end of February, and then bluntly added a 404 concept to it. Therefore, Matthew's 404 is the original copy of Pan long's Open Source code, there are no innovative modifications, and even the "open mystery box" gameplay of 404, which is closest to the game, only empowers different levels of Airdrop, and there is no empowerment in the game, which is a bit incomprehensible.

Therefore, on the whole, the sale of BinaryX's ERC-404 Token MB4 did not innovate at the protocol layer, but only superimposed new games on the application layer to empower and a series of nesting dolls, which is also what BNX is best at, after all, players spent real money to buy 404 Token MB4, and at the same time consumed MB4 in order to get high-level assets in the game.

As long as you dare to introduce innovation, it is a good thing.

Third, can the 404 track To The Moon

Finally, let's summarize a wave,**404 is the only innovation that we feel can light up twice since this round of Bull Market, at least the gameplay of the game is added to the protocol, and it can also be smoothly integrated into the game economic system, plus some of the characteristics analyzed in the previous part of this article, we still look forward to the follow-up development of 404. This is also the reason why some institutions that have longest research on NFTs, such as NFTgo, have placed heavy bets on the 404 track. **

The innovation of 404 is currently only reflected in application projects, and cannot impress the confidence of the financial side from the larger narrative level, which is why the so-called Longyi Pandora and Longyi ASTX are still in the stage of self-entertainment. **HOWEVER, DIG DEEPER, THIS ROUND OF encryption Bull Market SO FAR, ARE THERE ANY OTHER WEB3 NATIVE INNOVATIONS?IT SEEMS THAT THERE IS NONE, THIS IS THE REASON WHY THIS ROUND OF Bull Market MAKES VERY long OLD sucker FEEL EMPTY, SO A GREAT GOD POSTED A POST TODAY "NOT dumb buying Bull Market EACH OTHER", WHICH WAS FRANTICALLY FORWARDED BY VARIOUS GROUPS, IT IS BECAUSE EVERYONE HAS NOT Consensus THE NEW NARRATIVE OF THIS ROUND OF Bull Market, SO THERE IS A "MUTUAL dumb buying Bull Market" Consensus. **

Think about the new things in the last round of Bull Market: DEFI, NFT, Gamefi, Meme, the emergence of these four new things can pull the BTC from 3000U all the way to 63000U, what about this round of Bull Market so far?

- AI?good thing, unfortunately this is WEB2;

- Inscription runes? It feels like a meme;

- The Solana ecosystem is currently also a meme;

**- And then there's the green and yellow RWA and Depin... It doesn't feel like even a meme. **

Let's talk about meme, which is the favorite of C-end users who can be the same as games, simple and straightforward with a rebellious spirit. But are there any good memes in these months? Three days is almost the same as longing memes are not as good as earth dogs. DOGEE, THE KING OF MEMES IN THE LAST WAVE BULL MARKET, AND MUSK'S BLESSING ADVOCATING, WHAT ABOUT THIS ROUND OF MEME? THE FIERCEST PUMP IS STILL MUSK'S DOG FLORKI.

You can't always rely on the three major external concepts (BTC Halving, ETF promulgation, and U.S. interest rate cuts) to support a whole Bull Market, right? Not to mention that the first two concepts have already been implemented and overdrawn. At present, the basic support of this wave of Bull Market is still dominated by funds, at the beginning, it was the stock funds of the encryption circle, and the sucker of Chengjing accumulated Bear Market U, with the support of the Halving cycle and the ETF concept, and began to enter the market when BTC 16000U;Then there is the cashing process of ETF Favourable Information, the new WEB2 funds entered, Fomo went directly to 73000U, so what?

The narrative driven by pure capital is destined to be a short-term game to see who runs fast, and endogenous development and innovation are the prerequisites for an industry to enter a stable period. Counting the 404 of "graph coin bidirectionality" as an innovation is a bit weak myself, but it is really that other teammates are too piggy, and can only choose a Qiu Xiang out of a group of crooked melon cracked dates.