Portalverse Network Quarterly Report — Q3 2022
The third quarter of Portalverse Network has been of tremendous significance to proclaim the extent of its potential for development. We are proud to show what we have done in Q3:
DEVELOPMENT
Release of the First Ever On-Chain Cloud Gaming User Journey Demo
We have just completed the development of our first on-chain cloud gaming user journey demo via PC client and are deploying some nodes to provide early birds with gaming experiences.
Youtube Link to the demo footage: https://youtu.be/X6oNCVK6pjk
The Portalverse system has three main components(programs) that we are developing:
1. The program of the validator, which will maintain the operation of the Portalverse MetaChain and the on-chain validation of PoRS consensus which is running off-chain.
2. The program of the miner node, which will render the contents and stream it to the players.
3. Client program, which allows players to use Portalverse’s services via the client.
The following describes how the demo works:
The Client can get the data of the mining machine (IP address, port, game ID, etc.) from the Portalverse MetaChain, then the player selects the game he wants to play, the client will show the miner that installs the game, and the latency of the machine. Next, the user can select the machine with lower latency and then initiate a transaction on the chain, which will record the information of the user and the mining machine (wallet address, IP address, etc.), as well as the game starting time, and then the client will connect to the mining machine to stream the game, and at the same time, the player’s token will be paid to the miner in the form of a stream. Finally, after the player finishes the game, a transaction will be submitted to end the payment and notify the miner to reset the machine.
Development of PoRS Consensus
Over the next quarter, our development will focus on PoRS(Proof of Rendering and Streaming) consensus, which generates proof of work and distributes rewards for GPU miners. Once development is completed, we will start launching the Portalverse TestNet which will allow miners to join and provide services.
For more details, please stay updated on Portalverse GitHub repos, 2/3 repos are in public.
DESIGN
Over the last quarter, the design team has focused on creating standards for our process and assisting in marketing: We are developing our brand identity for our marketing materials and design system. This is supported by our brand kit to assist those in storytelling around Portalverse and make it easier to get involved. And finally designing our Portalverse clients ready for testing by Q4
Portalverse Marketing Site
The first version of Portalverse brand identity has been created and the second major iteration is underway and will be released in the middle of the 4th quarter. Like the helium network, we have multiple stakeholders which need their roles in the network explained; miners/renderers, game developers, and gamers. Our focus with the next iteration of our marketing materials is to focus directly on our mining community and explain the benefits of participating in our network.
V1 of the Portalverse brand
Brand Kit
For collaborators and those participating in Portalverse’s design contest, our first version of our Brand Kit has been released to help align those who are unsure how to explain Portalverse to others and give access to key assets to create content.
Portalverse Client
While the core technology is being built by the development team; significant research has been done into how our users experience this type of service. Portalverse is creating value for miners with a novel use of web 3.0 technology, but to our gamers (majority of our users) these new paradigms need to be introduced progressively to not get in the way of the problem they are trying to solve; i.e. play high fidelity games on any device. Key innovations of Web 3.0, such as non-custodial wallets, are a hazard for regular users. Their advantages and liabilities need to be shown, not explained. Polished Client UI is being worked on currently, our approach will be to progressively disclose anything from web 3.0.
FINANCE
Seed Funding Round
Portalverse Network, the first decentralized cloud gaming and rendering network, has announced the close of a multi-million-dollar seed round, bringing its total valuation to $45 million. This round saw participation from Big Brain Holdings and Cogitent Ventures, Octopus Venture Dao, Fusotao, 2Moon Capital, and several angel investors.
MARKETING
Brand Showcase on Fil-Singapore
The Portalverse team attended Filecoin Singapore in late September. Being specially invited by Apus Network and Filecoin, the Product Head of Portalverse delivered a speech to introduce the project, progress, and outlook related.
Filecoin-Singapore is the premier crypto event, organized annually in Singapore and London, where founders and executives of the leading Web3 companies share their views on the market. It brings together the global Web3 industry, uniting entrepreneurs, investors, developers, industry insiders, and global media — and creates unparalleled networking opportunities. It is the community that will define what’s next in the space.
Learn more about this event here:
https://twitter.com/Portalverse_Net/status/1574398248168484864
Press Releases
The closure of our multi-million-dollar seed round was reported on both APNews and MarketWatch.
The Associated Press (APNews) is an independent global news organization dedicated to factual reporting. Founded in 1846, AP today remains the most trusted source of fast, accurate, unbiased news in all formats and the essential provider of the technology and services vital to the news business.
MarketWatch is a website that provides financial information, business news, analysis, and stock market data. Along with The Wall Street Journal and Barron’s, it is a subsidiary of Dow Jones & Company, a property of News Corp.
Learn more about the press releases here:
https://twitter.com/Portalverse_Net/status/1550024559776059393
Strategic Partnerships
Partnered with Octopus Network
The Octopus Network is a Near-based multichain interoperable crypto-network for launching and running Web3.0 Substrate-based, EVM-compatible application-specific blockchains, aka app chains.
Learn more about the partnership here:
https://twitter.com/Portalverse_Net/status/1527239793440354305
Partnered with Fusotao Protocol
Fusotao is a verification protocol using the new paradigm of “execute off-chain, verify on-chain”.
Learn more about the partnership here:
https://twitter.com/Portalverse_Net/status/1526899169809473537
Partnered with ProjectOasis
ProjectOasis is a Gamified Metaverse where you can perform DeFi activities in-game such as staking crypto tokens, NFT minting and participating in IDOs while being a platform that brings greater visibility to indie game creators and empowering them by creating a direct connection from developers to gamers.
Learn more about this partnership here:
https://twitter.com/projectoasis_/status/1556611546683678721?s=46&t=PN_NKJ_M0RaWaQLPFPqLRw
Partnered with Near Coverage
Near Coverage is a media site that supports projects on marketing to engage the Near community.
Learn more about this partnership here:
https://twitter.com/Portalverse_Net/status/1571943601512542208
OPERATIONS
Ambassador Program Phase I
The first round of the ambassador program was held from July 21st to August 21st. The goal of the first round of ambassador activities was to create awareness about the decentralized cloud gaming infrastructure developed by Portalverse, drive more traffic to the community, and entice potential investors or collaborations. The program saw huge increases in key areas of growth in the community, and both the achievements and the challenges of the program are identified in order to draw a better roadmap for phase two.
Learn more about this program here:
https://twitter.com/Portalverse_Net/status/1561341385193623552
Community Events
Various types of community events along with token rewards were successfully held to encourage interactivity and drive traffic.
Organized Internet Speed Test
The Internet Speed Test is a community airdrop that aims to gather basic information about the internet speed of Portalverse followers and their experience of latency while gaming, which is a key constraint for cloud gaming. Knowing this will help us to build P2P nodes in the future.
Learn more about this activity here:
https://twitter.com/Portalverse_Net/status/1553799946020999169
https://twitter.com/Portalverse_Net/status/1556658631810359296
Organized Invite Contest
The Invite Contest was held in the Discord community to increase the number of cloud gaming enthusiasts specifically.
Learn more about the Invite Contest here:
https://twitter.com/Portalverse_Net/status/1560977062445195264
Organized Design Contest
The Design Contest is a community activity that will raise community engagement. Community members will design animated logos or related banners in order to get rewards.
Learn more about the Design Contest here:
https://twitter.com/Portalverse_Net/status/1568223232104464386
Design Contest Community Vote
The Design Contest Community Vote is also a community activity that lets the community members vote for their favorite designs in the Design Contest.
Learn more about the Community Vote here:
https://twitter.com/Portalverse_Net/status/1573593459847729152
Mining OnBoarding
Portalverse mining basic configuration plan
Based on the token economic structure, we have designed three mining solutions suitable for miners in different scenarios.
Respectively for home miners (single node miner)
Server cluster virtualization based on Proxmox VE/Hyper V solution
Diskless storage virtualization system based on TrueNas
Portalverse Mining TestNet 1
Our first test net will start running soon, and will release 1% of the total POV tokens (20 million tokens). It is expected to run for 12 months and will support pledge mining for up to 1,000 nodes. Specifically, the participation method and operating mechanism will be announced later.
Hardware Architecture Test Progress
We are testing and optimizing the rendering and streaming performance of each solutions to better meet the needs of remote transmission of videos, and can run stably on the Portalverse MetaChain under the PORS consensus.
Connect with Portalverse:
Website: www.portalverse.net
Twitter: https://twitter.com/Portalverse_Net
Discord: https://discord.gg/portalverse
