Arbitrum DAO Grants Domain Allocator Nominations

Grants Discussions
13

Hello All,

We are here to apply as a domain allocator for the Gaming sub-domain.

  1. Name: IDEA2IDO Investing

  2. Forum username: IDEA2IDO

  3. Twitter: @idea2ido

  4. What is your experience in the interested domain? Please share links and supporting information. Do you have experience running in any other grant programs?

Who we are

We are an investment and incubation company, and the domain allocator’s JD is exactly what we do. We have been reviewing and identifying projects using our in-house rubric since 2018. It all started very organically at the beginning and eventually our core members came together to establish IDEA2IDO Investing. One of our key ideators (TG handle @awnyrvan) has been an active advisor to Gains Network (one of the top 3 decentralized leverage trading platforms) since its inception. We are also a Harmony ‘foundation node’ investor.

We have been engaged with the crypto gaming industry on a personal as well as on a community-engagement level since 2021. We have been advisors for several gameFi projects - most recent one being a game named Bandzai (https://alpha.bandzai.games/), which is unique in the sense that it is fully on-chain and is on the way to becoming the first ever game to launch on a zkEVM platform. In addition, we have developed our own virtual NFT rental platform (rentmynft.xyz) with a unique and original solution to the problem of automated on-chain scholar management and virtual in-game NFT rental for crypto games.

Interested Domain: Gaming

Experience:

  • We have advised a couple of Play2Earn games in 2021 with suggestions on game economics design, community building, connecting the games to the right ecosystem partners, and, in a few cases, helping them obtain grant funds. Most noteworthy was Mochi Market which developed a complete gameFi platform including a launchpad.

  • In 2022, we formed and ran the India chapter of an Axie Infinity guild, acquiring and managing scholars for our chapter.

  • We have developed a key middleware tech stack that enables virtual NFT rental for any NFT-based on-chain game that integrates our Solidity interface. We expect our technology for virtual NFT-renting to unlock significant adoption for games and gaming guilds. We are essentially well equipped to guide a game from an early stage to the stage of final deployment and adoption.

  • We are advising a fully on-chain game launched on Polygon zkEVM Network. This could be one of the first games to launch on this network and is expected to increase on-chain traffic of Polygon zkEVM significantly.

  1. What would you like to see built on Arbitrum in your domain and what a good grant proposal looks like for you

What we would like to see in Arbitrum’s gaming domain:

  • Increase in weekly active users: We would like to see game developers come up with games that will bring in more active weekly users to the Treasure ecosystem. Treasure’s ecosystem of interconnected metaverses, users, and assets is a pioneer in interoperability in Web3 gaming, and the system encourages gamers to explore different games. But even though Treasure has achieved remarkable milestones within 2 years of launch, overall, according to data from Dune Analytics, the weekly active users on the Treasure ecosystem seems to be on a decline.

Data from Dune Analytics show that games such as Knights of the Ether,

Realmverse, Toadstoolz, Battlefly, The Lost Donkeys, and The Beacon have all

recently seen declining weekly active users. Furthermore, even though

Bridgeworld and Smolverse were and still are the most popular games in

Treasure, they seem to be following the same trend of decline in weekly active

users.

It would be good to analyze the root cause of this decline and deploy a course correction. There also seem to be several low-traction games in Treasure, which might be weeded out to keep the metaverse consistently exciting to gamers. The Treasure ecosystem deserves to be nurtured, and exciting games need to be courted, acquired, and plugged in.

  • Increase in weekly new users: We would like to see new users embracing the ecosystem and becoming active new users. Data from Dune Analytics indicate a fall in weekly new users for several games, including Realmverse, Toadstoolz, Battlefly, The Lost Donkeys, and The Beacon. The popular games Bridgeworld and Smolverse do not escape this trend.

  • A focus on Xai Network: I would like to see game developers proposing to build games on Arbitrum’s soon-to-be-launched gaming-focused Xai Network to give their end users a smoother and more frictionless gaming experience with the relatively cheaper and faster transactions that will come with this Layer 3 network. If Xai can provide a more seamless and uninterrupted experience than is currently available to gamers, it could mean a leap for the gaming industry.

Requirements of a good grant proposal:

A grant proposal should outline the main idea behind the project, explain why the organization needs fund money, and demonstrate the need and worthiness of the project. It should include the following information:

  • vision, mission, goals, and objectives
  • how the grant funds, if granted, will be used
  • a timeline for completion of the project
  • expected results
  • value and impact of the proposed project, if any
  1. Time commitment and turn-around time:

We can commit to 15 hours per week, and our turn-around time will be 48 hours.

  1. Declaration of Conflict of Interest:

We are currently involved with a game named Bandzai. Idea2ido will recuse itself from the grant application process of Bandzai, if it comes to that.

We hope to bring our years of crypto ecosystem experience if selected as domain allocator. Even, otherwise, we are always happy to help and engage and take the Arbitrum ecosystem forward.

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