Q1 2024 Recap: Achievements and Outlook

Intro

HAVAHNAMATATA! A quarter has gone since the beginning of the year, and we are grateful to see so many HAVAHrians waiting for the quarterly report when we check in on the community. This demonstrates how curious everyone is about what the team HAVAH is doing and which teams we will be meeting with.

This first quarter, the team HAVAH worked on developing initiatives for 2024, including the HAVAH Content Fund, the Batching.ai airdrop, and the staking platform. Before the introduction of MetaMatch, we started building anticipation with Batching.ai, an AI-based content platform, and we are currently in the final phases of developing a staking service to make effective use of the content fund. Detailed details will be elaborated upon.

In addition, HAVAH Mitter has been designated as the official NFT bridge for PDT, which intends to be Asia’s largest blockchain platform. Both ecosystems already contain a number of GameFi and NFT initiatives, and we are delighted that the team HAVAH can play a role in ensuring seamless integration.

We will examine HAVAH’s first quarter through this Medium post, as we have done in previous quarterly reports, reviewing what we have done and what preparations are needed for the future.

PART 1. Major Achievements in Q4 ‘23

1. Launch of the HAVAH On-chain Governance System

• On March 28th, the on-chain governance system was launched.
• The first agenda, “Launch of the HAVAH Content Fund,” passed with 99.9% approval.

Over the last year, the HAVAH network has been operated in a condition of “technological decentralization centered around trusted partners” in collaboration with HIIP. This has resulted in year-round stable operation with no network outages or forks.

Check real-time HIIP status here: https://scan.havah.io/hiip

On March 28th, in a move to decentralize policy and operations, we modified the on-chain governance system, allowing planet holders to engage and make direct decisions. The team HAVAH’s goal in launching this governance is to develop a sustainable blockchain ecosystem by ensuring that more contributors have simultaneous duty and rewards, as well as to encourage constant engagement.

The first agenda item, “Launch of the HAVAH Content Fund,” approved with 99.9% of the vote. INF CryptoLab will serve as the first operator of the HAVAH Content Fund (HCF). The link below provides more thorough information on the agenda items and voting results.

Link: No. 001 A proposal to initiate the HAVAH Content Fund

2. Expansion of the HAVAH Ecosystem

• Announcements of six strategic partnerships
• Collaboration as the official NFT bridge with Klaytn and the Finschia Foundation

During the first quarter, we announced six partnerships. Among these, tight collaboration with ZenaAd, an XPLA affiliate, facilitated the development of Batching.ai. The interchain TCG game MetaMatch will be the first to be deployed on the Batching.ai platform, and it is expected to become a prominent DApp in the HAVAH ecosystem.

Furthermore, the collaborations with LINE NEXT and the Klaytn Foundation, which were revealed in January and early April, have long been discussed. As a result, HAVAH has been designated as the official NFT bridge on the integrated chain PDT, which is administered by the Klaytn and Finschia Foundations. Detailed information will be provided in PARTS 2–4.

Furthermore, the partnership with GALXE encompassed carrying out the BEBE goal and taking part in the GALXE New Year Festival as a partner. We carried out a launchpad using HAVAH Swap with the TOZ Universe of the Wemix ecosystem.

3. Events for Community Engagement

• Six events conducted, including various whitelist and joint events

Our global community is one of our greatest assets, so the team at HAVAH often thinks about what activities we can offer to the community while making partnership announcements. We engaged with our community members through six events in the first quarter, which we conducted with gratitude.

We began with a joint event with Pocket Gym and then had a whitelist event for the Dan project, which was sponsored by PFPAsia’s HASHKEY NFT team. We also carried on working together with the Pomerium crew for two quarters in a row.

We also hosted a likelihood enhancement event for Legendary KIKI. Through various events, such as delivering Planet discount coupon NFTs, the team HAVAH will continue to seek to improve the purchase of Planets, which play a vital role in HAVAH’s governance.

4. Update on HAVAH Mitter Interchain Integration

• Development underway to add the Finschia network

Currently, the HAVAH Mitter is connected to eight chains, including HAVAH itself. Under the purpose of “connecting all networks,” our team of engineers is working hard to improve network connections.

With the confirmation of the team HAVAH as the official NFT bridge for the integrated chain PDT, Finschia has taken the lead in network expansion. Finschia operates on the Cosmos network, and the team HAVAH hopes to explore ecosystem exchanges with other Cosmos networks as a result of this integration experience.

5. Update on HAVAH Friends

• Launch of Adventure Stage 4 for HAVAH Friends BEBE
• Update 2.0 for HAVAH Friends KIKI’s Journey
• Successful conclusion of the HAVAH Friends BEBE GALXE Mission

A follow-up update to Adventure Stage 4 was completed on February 20th, following the world’s first ‘Gamification NFT BEBE’ launch in December. Thanks to the significant involvement from HAVAH Friends holders, transactions — which were at 107,000 in January — rose to 215,000 by April following the update.

KIKI’s Journey 2.0 was updated on January 9. Through a probability-boost event, this modification restored equilibrium to the Elixir environment and raised the frequency of Legendary sightings. In addition, 148 members of the HAVAH community received awards at the end of the three-month BEBE adventure.

The team HAVAH is dedicated to making sure that the Sustainable Fund receives all HAVAH Coins (HVH) used for HAVAH Friends, including minting. We keep our word to the community by allocating every HVH gathered through KIKI and BEBE events to the Sustainable Fund.

6. HAVAH DApp News

• Official opening of the Batching.ai community
• Official launch of the PERPLAY service
• Integration of HAVAH Wallet with D’CENT hardware wallet

The Batching.ai community was formally launched on March 26. With the goal of making AI technology widely available and establishing a platform where a variety of material can be enjoyed, Batching is a new platform that links AI technology with the world of NFTs. The Batching group reportedly has over 10,000 members, and they are planning an even wider range of events.

Additionally, on February 22nd, the Game & Earn platform PERPLAY, which has been steadily expanding since joining the HAVAH network in 2023, officially began offering its services. Since October of last year, the app has been under an Open Beta Test (OBT) for almost four months, during which time the reliability, usability, and profitability of the app have been confirmed. The X2E Zone, where users may play Play to Earn games and use Move to Earn apps, has opened with the official service launch. Everyone is welcome to show interest!

7. Including the Option to Buy Planets with sHVH

We developed an HVH — sHVH liquidity pool and held an HVH staking event in December in celebration of Black Friday. In response to community requests, sHVH was created, and we added the ability to buy planets using sHVH to increase its usefulness.

Have you still got sHVH? You can use it to purchase planets at the following link:

Purchase Planets with sHVH: https://havah.io/planet/sale/sHVH

8. Status of Sustainable Fund Allocation for 2024 Q1

1) USDT Sales from Planets:

• HVH quantity exchanged for Sustainable Fund deposit: approximately 20.7M HVH
• Remaining Sustainable Fund in USDT: approximately 1.78M USDT

2) HVH Sales from Planets:

• HVH quantity transferred to the Sustainable Fund: approximately 2.7M HVH (immediately allocated to the Sustainable Fund upon sale)

3) Others:

• All 0.8M HVH generated from BEBE and KIKI content allocated to the Sustainable Fund

※ Total accumulated HVH quantity allocated to the Sustainable Fund: 60,363,297 HVH (as of March 31, 2024)

Part 3: HAVAH’s Q1'24 Plan

1. Official Launch of Batching.ai Service

• The AI-powered content platform Batching.ai launches and onboards the Meta Match game.
• Batching Drops: Airdrop campaign ongoing, service launch planned for Q2.

We revealed details regarding the Web3 TCG game Meta Match in our earlier research. Since then, we have improved our business plan, created the AI-based content platform Batching.ai, and are getting ready to integrate the Meta Match game onto it. Within the second quarter, the team HAVAH hopes to launch both the game and the platform service.

The airdrop campaign started on April 17 and the Batching.ai community formally opened on March 26. In the two weeks since the airdrop campaign began, there have been over 1 milion transactions, and in the month since we opened the community, we have added 26,000 new members. The team HAVAH is putting a lot of effort into using batching to get strong outcomes, and we value your ongoing support!

2. Official Launch of HAVAH Content Fund

• Activating the HAVAH ecosystem through the HAVAH Content Fund.
• INF CryptoLab contributes as the initial fund program operator.

“Launch of the HAVAH Content Fund,” the first agenda item, was started on March 29 and received 99.9% of the vote. 1,069 planets cast votes, excluding those owned by the HAVAH Foundation. Following the official adoption of governance, the HAVAH Content Fund (HCF) was established.

One billion HAVAH coins (HVH), which were initially intended to be distributed to the foundation and project developers, make up the entirety of the HCF. The agreement with INF CryptoLab was announced today, and INF CryptoLab will operate the initial fund program. It will assume responsibilities in line with the operating policy, such as managing investments, establishing investment milestones, and conducting project due diligence.

We have had a lot of requests from different DApp teams and game businesses since the fund launched. Our goals are to have more teams utilizing the HAVAH network and to create a wealth of material to grow the HAVAH ecosystem.

3. Launch of HAVAH Start — HVH Staking Platform

• The scheduled release of HAVAH Start, the HVH staking platform
• The automatic locking up of HAVAH coins to take part in campaigns.

The team HAVAH has made multiple Twitter hints on the upcoming HVH staking platform launch. The launch of HAVAH Start is planned for May.

Campaigns with important tokens associated with new projects enrolling into HAVAH as rewards will be frequently held by HAVAH Start. The platform is being created and designed to allow users to track campaign progress, lock up HAVAH coins, and receive incentives based on how many subscription points they accrue in relation to the amount of HVH locked.

4. Close Collaboration of Klaytn and Finschia’s Integrated Chain PDT

• A strategic partnership was formed with the Klaytn Foundation, and they became a partner in the IOK program.
• HAVAH Mitter will act as the recognized NFT bridge for Klaytn and Finschia’s integrated chain PDT.

HAVAH and the Klaytn Foundation announced their strategic cooperation on April 4. The Finschia Foundation and Klaytn have decided to come together, as many people in our community are aware. This marks the beginning of the integrated chain PDT, which intends to be Asia’s largest blockchain platform. HAVAH Mitter will function as the authorized NFT bridge while PDT is integrated.

Since there are already a lot of GameFi and NFT projects in both ecosystems, a trustworthy bridge for digital assets — especially NFTs — is required as part of the chain integration procedure. As a result, this partnership requires ongoing cooperation rather than merely a one-time link for certain initiatives during the integration phase. Through a deliberate token swap, HAVAH and the Klaytn Foundation have established a solid relationship. Klaytn is a validator in HAVAH’s HIIP, and HAVAH intends to apply to join the integrated chain PDT’s governance council in the future.

5. Extension of the HAVAH Mitter Network and Close Collaboration with the DOSI Team

• The SOLANA network testnet will be added in May
• The Finschia network and DOSI platform will be added in Q2
• The HAVAH brand will be introduced into the DOSI digital commerce platform.

The engineer team of HAVAH is presently prioritizing the Finschia network connection in accordance with commercial objectives, as was indicated in PARTS 1–4. With its distinct chain specifications, DOSI and Finschia are intended to be integrated concurrently.

We announced tight collaboration with LineNext in the previous quarter; but, due to internal circumstances at both firms, this partnership has been delayed by one quarter. Q2 will see the official launch of JJACK, a new HAVAH Friend, to the public following the HAVAH brand’s admission onto the DOSI digital commerce platform.

This May, the testnet integration for the Solana network is expected to take place.

6. Constant Contribution to the Sustainable Fund

• The Sustainable Fund will consistently receive an allocation of roughly 60% of the proceeds from the sale of Planets for USDT.
• Remaining money: roughly 1.78M USDT

The Sustainable Fund is the central component of HAVAH’s token economy. There is still roughly 1.78M USDT of the money left over after Planets are sold for USDT, and Team HAVAH has promised to donate 60% of the sales proceeds to the Sustainable Fund. Every quarter, an open report on the administration of these funds will be provided.

Outro

When the deadline for writing a quarterly report draws near, we frequently have a mixture of feelings of satisfaction and regret as we consider the things that may have been done better. It’s evident that considerable work still has to be done.

The community of the AI-powered content platform Batching.ai is expanding steadily. In addition, the highly anticipated HVH staking platform is scheduled to launch in May, along with the much-expected interchain TCG game Meta Match.

The team HAVAH will reveal the several tactics we have been working on over the second quarter. Since the majority of these tactics are intended to improve the HAVAH ecosystem’s health, there is nevertheless a great deal of expectation about HAVAH’s advancement in the first half of 2024.

The next time, we are excited to deliver our plan for the second half and share the encouraging news of a well-rounded first half. We appreciate all of the HAVAH community’s unwavering support.