aiRight x DCRC x IM Community: All about WEN LAMBO AMA Recap
On January 9th, 2022, aiRight and DCRC collaborated to join an AMA in the IM Community — one of the most influence groups in Vietnam, to share all information and coming plans related to the Wen Lambo racing game. We are pleased to recap the main content of the AMA.
Team Members:
Tyree Robinson — aiRight CSO
Linh Phan — aiRight Head of BD
Mohammed Badat — DCRC Founder and Tech Leader
Q&A with IM Community
Question 1. Can you briefly describe what is aiRight? We would like to know more about it and how it works.
Tyree Robinson: aiRight is a complete system for NFT management built on our native network, Oraichain mainnet. We launched Q3 2021 and spent the first six months setting the foundation for a flexible, cross-chain, AI-enhanced NFT X DeFi platform.
For those who aren’t familiar with Oraichain, it is the first Layer 1 network built for AI DApps and the integration of machine learning via AI Oracle. $ORAI is the primary token of our ecosystem and is needed for all network interactions.
For DEXs: $ORAI is readily available on PancakeSwap and Uniswap.
For CEX: KuCoin supports all forms of $ORAI for deposit and withdrawal. This means ERC20, BEP20 and native.
The realization of Oraichain’s potential to bridge the gap between AI and blockchain for real-world use cases are only beginning to come into focus: AI-enabled Layer 1 with high interoperability, Layer 2 solutions, verifiable and trustless AI execution, decentralized data & AI platform and standardized protocols for high applicability.
In short, the stage is set for a mainnet populated with a new generation of machine learning enhanced dApps. aiRight is only the first of many AI-enhanced dApps to be released in the coming years.
The primary use of machine learning on aiRight is our NFT authentication functionality.
Our data crawler compiles an index of NFTs from multiple networks to create a database by which originality can be measured.
Each NFT in the database is labelled via Oraichain’s Data Hub to identify its unique features. This is accomplished through both crowdsourced and AI-assisted annotation.
When a new NFT is minted, it is compared against this database to identify potential plagiarism. Each NFT receives a similarity score with the ultimate goal of only allowing original work to be minted as a non-fungible asset.
Question 2. What are the products that the aiRight team focuses on developing?
Tyree Robinson: As we move towards completion of all core functionalities for aiRight, 2022 is going to be a very busy year for our team.
Here is an overview of our 2022 Roadmap!
Q1: New Tokenomics and More open Gateway to access aiRight platform
- New Tokenomics
- NFT Staking Program
- Fiat payment integration
- Discord Member verification bot for Private NFT Communities
- AIRI on Oraichain mainnet supported by ORAIDEX
- 3D galleries functionality
Q2: Improving the authenticity verification protocols and providing features to support Wen Lambo on Mainnet
- NFT audit service
- Content authenticity verification
- Wen Lambo on Mainnet Launch
- NFT Rentals Feature
- Listing on CEX
- Mass NFT minting
- Mystery Box NFT Infrastructure
Q3: Launchpad for artists with fully supports
- Crowdsourced fundraising or NFT launchpad for artists
- Generative Engine For Artists
- NFT bridge completion
- Integrating originality protection for other NFT projects
- Generative models for metaverses
- DeFi for new artists
- Composition tools integration
Q4: aiRight Mobile app and scaling up to be an all-in-one cross-chain NFT management platform
- Shophouse/3d gallery on other metaverses
- aiRight mobile app
- Cross-chain platform and apply Oraichain Protocols to NFTs on other chains.
In the short term, we are most excited about our partnership with DCRC RaceX and the upcoming game Wen Lambo. @RPMoBoosted is doing a great job with its current development on the Avalanche network. It was so exciting that we had to bring him over to Oraichain mainnet and aiRight!
DCRC is currently building the first race2earn metaverse game on AVAX. This game features a play-to-earn ecosystem with highly customizable vehicles and multiple race modes tying the real and virtual world together for a true metaverse experience.
Minting for NFCars is ongoing for their game on Avalanche, you can read more about it here: https://racex.tech/
DCRC is the game studio behind Wen Lambo on Oraichain mainnet, which is slated for release Q2 this year. Early presale for aiKeys is currently open on Oraichain mainnet for ~$100 each in native $ORAI.
To participate in the early presale round, please follow directions here: https://blog.airight.io/1-day-left-to-wen-lambo-aikey-presale-the-details-and-guideline-9f46ad2f2e4e
Question 3. What are the outstanding features of the Wen Lambo compared to other projects?
Tyree Robinson: We are truly working towards a unique game environment for Wen Lambo. Not pay to earn, but truly play to earn.
Wen Lambo will be a racing simulation game that allows users to collect vehicles, customize aesthetics, enhance performance through fine-tuned modifications and put their cars to the test in multiple race modes.
Early participants will have the opportunity to collect “new” cars via presale events. These vehicles are inherently high performance and can be upgraded further and modified to further enhance specific factors such as handling, braking and acceleration.
Players who join in the public sale will have access to “used” cars. These vehicles will require restoration and customization in order to compete on a high level, but ultimately the control is in the owner’s hands.
There are two primary ways to improve your vehicle’s performance: vehicle modifications and practice.
Vehicle Modification
Players will be required to actively participate in practice and race modes in order to earn experience points (XP) and unlock vehicle mods at floor prices. New and upgraded elements can be purchased in the parts store and added to cars in each user’s garage.
Players can also choose to resell their parts on the secondary market, allowing other users the chance to purchase parts kits without earning XP. Performance modifications include:
-Engine
-Turbocharger
-Exhaust
-Brakes
-Tires and Wheels
-Intake and Filters
-Suspension
-Shocks and Stabilizers
Beyond vehicle improvements, users can also earn XP to improve their driver skills and unlock performance-enhancing mods in our races.
Race Modes
Collectors will have a number of ways to practice, compete and earn in Wen Lambo. While some race modes will require a wager or entry fee in the $AIRI token, there are options for everyone’s risk appetite.
-Practice Mode: Improve driver skill level, beat your best time, earn XP and prepare for upcoming competitions in no-risk practice.
-Challenge Mode: Place a wager and challenge other players to a one-on-one, the winner takes all races.
Group Races: All racers pay an entry fee, the prize pool is rewarded based on standings. Reach the podium and earn big.
-DeFi Season Mode: This is a no-loss season mode that allows users to deposit LP tokens into a 30 day locked vault, generating rewards for the prize pool. At the end of each season, users can withdraw their LP tokens and earnings.
Keys will only be available at this early presale price until the first round sells out. We have about 150 aiKeys remaining.
After that, we will move towards the second round of presales where the floor price will be increased significantly.
Mohammed: And I am sure there will be a host of other benefits to holding a key going forward, just as we have done with RaceX. For example, you get up to 25% discounts minting additional cars if you hold Keys and RaceX
I am sure some of these benefits will apply to Wen Lambo as well going forward
Tyree Robinson: That is the plan! Especially looking for as many ways as possible to continue to bring value back to the OG RaceX and NFCar holders. Early adopters should get some great benefits of this ecosystem as it grows!
We will also be expanding beyond our native games once we launch to ensure the vehicles are available to use in other popular metaverses. We are currently partners with Fomo Lab and Netvrk, both of whom have great metaverse projects in the works.
Question 5. How can players earn revenue from Wen Lambo?
Tyree Robinson: First off, users can earn revenue in our Race Modes:
Challenge mode: “High Risk”. You could win the whole pot or lose the whole pot, so it’s important to evaluate your risk tolerance and the match-up with your competitor before making/accepting a challenge
Group mode: “Medium Risk”. The rewards pool here is distributed amongst participants based on standings.
DeFi Season Mode: “Low Risk”. AIRI and LP tokens are deposited into a 30 Day locked vault, utilizing existing farming vaults to generate rewards for the pool. All participants are guaranteed to earn some passive yield from playing, but top winners have the opportunity to win big.
We also have some “free” modes that will only require vehicle ownership/rental to earn XP and unlock customization kits.
Practice Mode: Practice mode is used to increase driver skill and unlock XP through hands on driving experiences. This XP can be used to unlock and claim car customization kits which can be resold on the secondary market.
Formula E: All holders of Formula E cars will have the opportunity to participate in free races. The winner of these races will receive a free vehicle. The cars won here will still require restoration and upgrades in order to compete on a high level.
Besides playing the game, there are some awesome opportunities to earn revenue including:
NFT Staking: Stake your NFTs to earn APY in AIRI token.
Marketplace Opportunities: Car owners will have the opportunity to earn from buying and reselling their vehicles on the secondary market. Vehicles that have been upgraded through unlocked parts and customization kits will have added value, so users can create their own strategy and businesses in this ecosystem.
^^^^Parts and customization kits unlocked are also issued and claimed as NFTs. This is an opportunity for new buyers to purchase upgrades from players who have earned them, shortcutting the time-consuming process of earning XP to unlock customizations of their own. This is another opportunity for users to establish their own business model in this game.
Most exciting is our coming NFT Rental Marketplace:
After the game is launched, we will also offer an NFT rental marketplace, giving users a low-cost opportunity to borrow vehicles for races safely to participate in races. This is also a great opportunity for vehicle owners to earn revenue from the vehicles they have purchased and customized without losing custody permanently.
We plan to have the game complete in Q2 with all the features mentioned here today. We are excited to invite everyone here to participate!
Q&A with Twitter Community
Question 1. The NFTs market is filled with counterfeits/fake products which have posed a major threat to the development of NFTs, how is aiRight NFTs addressing this issue? Is there a way to validate the authenticity of assets I want to purchase?
Tyree Robinson: This is central to our mission at aiRight. By directly integrating our AI Oracle for NFT authentication, we are able to identify fraud and plagiarism before minting and prevent these fakes from ever appearing on our marketplace. Our database covers more than the Oraichain mainnet, but covers all of our supported networks including ETH and BSC where most NFTs are minted now.
In addition to this, we are also developing our NFT audit product which will allow any NFT owner on any chain to check the authenticity of the asset they are interested in before purchasing, verify the “token heath” and flag any potential price inflation.
This is a much-needed service for all potential NFT Buyers.
Question 2. Nobody can guarantee the security of Smart contract. But Audit plays an important role to find out the known bugs of Smart contract. Can you describe how strong your security is? Have you done an audit by any third party?
Tyree Robinson: Yes, At Oraichain and aiRight we take security very seriously.
Our network, the Oraichain mainnet, has been audited by Halborn Security, one of the top (and fastest-growing) blockchain security platforms in the world.
We will continue to prioritize safety for our creators & collectors and audit our products as appropriate.
Question 3. Though the NFT space has continued to experience a tremendous increase in size and volume, unfortunately, NFT holders still couldn’t earn passive income through their NFTs and this has remained a major pain point that needs to be addressed. How does aiRight intend to solve this?
Tyree Robinson: We have a number of plans to make this happen including:
1. NFT Staking to earn passive income from Commerce interactions with verified collections
2. NFT Rentals: For Wen Lambo this will be very important as it will offer a low cost option for players while providing income for NFT owners.
We will also create a custom Discord Bot for Private Access to Fan Clubs: Soon we will have the functionality to give NFT owners experiential benefits to a number of Celebrity creators. These NFTs will also be able to be used for NFT rentals, another opportunity for passive income.
3. We currently have Tokenized Galleries: Turn your collection of non-fungible assets into fungible assets, allowing gallery tokens to be traded on the open market and grow in value over time.
At the end of the year, we will also be exploring distribution for video content specifically via the OTT platform that will provide revenue via streaming service. This will promote NFT ownership and bring quality, consumable content to users.
Question 4. If we want to stake and farm “aiRight’’, how will the profit be calculated? and will “aiRight” cooperate with DEX AMMs from other projects such as Pancakeswap?
Tyree Robinson: Yes, so $AIRI is the governance token of the aiRight ecosystem
$ORAI is needed for all transactions on our mainnet.
There are farming opportunities for both!
$AIRI token is currently available on PancakeSwap.
We have single-sided staking on our farming page ~50% APY and AIRI/BNB LP farming ~150% APY.
$ORAI token has a number of staking opportunities as well:
- ORAI/BNB LP ~70% APY
- Single Sided Stake for ORAI ~15% APY
- Delegate to ORAI on mainnet for ~29% APY
As I mentioned before, we will also have NFT staking available for all verified collections soon. Please join our official page for announcements. https://t.me/airight_io
Question 5. I play another P2E game that runs on BSC, the gas fee especially for renting is a nightmare when the token price goes down. Will we have many tasks on-chain that require a gas fee?
Tyree Robinson: Gas fees on Oraichain mainnet are nearly non-existent. Less than $.00001 USD.
This should remove any possibility of gas fees playing a role in the play-to-earn model for Wen Lambo and any future games on Oraichain mainnet.
Q&A with Telegram Community
Question 1. Who can participate in the public-sale event and hold the token for the long term, how will these early investors benefit greatly from the project?
Tyree Robinson: AIRI token was fairly launched and there was no presale event. We worked as hard as we can to ensure an equitable opportunity for all investors! We currently have 5.5K AIRI holders on BSC and will soon add support for the token on Oraichain mainnet.
Question 2. Many projects have problems with UI / UX and this one turns off new users. How do you plan to improve the interaction with new users and with users outside the crypto space?
Tyree Robinson: We are very focused on onboarding real world collectors and fans into the NFT space on aiRight. We are doing this in a couple of ways:
-Buying NFTs in fiat and receiving NFT to your corresponding Oraichain wallet address
-Partnerships with household names: We have some great partnerships that are coming up including 3X MLB all Star Bret Boone
-Working towards experiential benefits for NFTs, including classes/tutorials, fan clubs, event ticketing and more
-Blockchain gaming is for everyone, not just elite investors. This is the reason that we focus on NFT rentals, to allow for low cost options to engage with the platform and our growing community.
Question 3. What is the structure of this project, is it decentralized or an open-sourced protocol where everybody can contribute? If so, how does the governance plan being handled?
Tyree Robinson: Right now, the core Oraichain team is directly responsible for all developments of aiRight. Along with our partners, we are excited to build a great ecosystem for NFTs and Blockchain games.
In the future, AIRI will be used as a governance token and we will move to a more decentralized model, where the community can contribute directly to the project’s growth.
Question 4. Can the FEATURES contained in “aiRight” make a difference and an advantage over your competitor’s platforms? If so, name some of the aiRight of choosing “aiRight”. have plans to develop a cross-chain to function in BSC?
Linh: The unique points of aiRight make it outstanding over other NFT platforms are
1/ The Copyright protection and management: No Fake or copied illegally NFT can be minted on aiRight thanks to our AI checking algorithm
2/ The open gateway for users to access: Fiat payment will be coming soon in Q1 to make the NFT purchasing much easier.
3/ The royalty protocol: both the Creator and the collector and anyone who make contribution to the NFT creation can benefit from the NFT sale on the marketplace
4/ Low transaction fee: backed by Oraichain, an AI Oracle blockchain, the transaction fee now is very low which can remove the barrier for collectors and investors to interact on aiRight.
Question 5. Can you briefly describe your PARTNERSHIP so far and upcoming partnerships?
Tyree Robinson: Partnerships so far:
-LuxFi: Luxury asset backed NFT marketplace
-Netvrk: Multi-chain metaverse built in Unreal Engine
-Fomo Lab: NFT marketplace and Fomoverse
-DCRC Racing: Race2Earn metaverse and game studio
-Bret Boone: 3X MLB All Star and 3rd Generation professional baseball player
-Rabbots.io: Generative NFT project that started on ETH
-Drops: NFT Lending
-Trava Finance: NFT lending and NFT rentals
-Kawaii Islands: P2E game and Anime metaverse
Sorry if I forgot anyone on this list! We have some great partnerships that haven’t been announced yet. Keep an eye out on our official channels for all announcements.
About aiRight
aiRight is the world’s first complete system for AI x NFT x DeFi. Users can generate AI NFTs, protect origin with copyright issuance, trade and tokenize unique artworks, taking advantage of our complete royalty mechanism for contributors on-chain.
Oraichain is proud to be the ecosystem provider of aiRight: securing AI functionalities via AI Oracle, accessing Marketplace, organizing Galleries for DeFi, and cross-chain bridging for NFTs.
