Gather Day #08: Diving into the Roadmap for 2024 and Beyond
As we held our eighth Gather Day on February 22, 2024, we shared the strides we’ve made and the exciting horizon that 2024 unfolds for us. Our journey so far has been remarkable, with significant milestones achieved in the last quarters of the previous year and the dawn of this year, setting a solid foundation for what’s to come.
The Gather Day’s agenda featured our recent achievements, e.g., the launch of the MultiversX-Ethereum bridge and the expansion of our NFT initiatives, an exclusive peek into holoride’s 2024+ roadmap, unveiling the 3 phases that are set to elevate the mobility experience and RIDE’s utility.
Achievements in the second half of 2023
Before looking into the exciting prospects for 2024 and beyond, we paused to acknowledge the milestones holoride reached in the latter part of 2023 and the beginning of this year:
MultiversX-Ethereum Bridge and Beyond
One of the major accomplishments was the successful launch of the MultiversX-Ethereum bridge for RIDE tokens. This strategic move allows holoride to tap into new partnerships and user communities within the Ethereum network, paving the way for enhanced collaboration and innovation with new and existing partners. Stay tuned, for some announcements.
Launch of holoride dApp & Staking and Farming Programs
In tandem with the bridge launch, we published our own dApp, where RIDE staking and farming programs on Ethereum have been introduced — offering highly attractive rewards for token holders. The response has been overwhelmingly positive, underscoring the community’s enthusiasm for participating in the holoride ecosystem. Users can also use this website to bridge their tokens or buy RIDE instantly from Uniswap. You can check it out here.
Extended Metastaking Activities
Furthermore, the Metastaking activities on MultiversX have been extended, providing additional opportunities for users to engage with the platform and earn rewards. holoride remains committed to optimizing the user experience around staking and farming, with ongoing improvements in the pipeline.
Cloudbreakers NFTs and Partnerships
The collaboration with XOXNO and the Cloudbreakers NFT marketplace has yielded fruitful results. The integration of royalty frameworks and burning mechanisms underscores the commitment to fostering a vibrant NFT ecosystem while rewarding contributors and collectors alike. The extension of this program until the end of May has been announced during Gather Day.
Looking Ahead: A glimpse into holoride’s roadmap 2024+
holoride is on a mission to redefine what transit time can be: not just moments lost to travel, but valuable, enriching experiences. We shared how holoride has tested and refined the technology in real-world conditions lately, but now, looking ahead, holoride’s aim is to revolutionize the mobility space by establishing holoride as the premier web3-driven ecosystem for immersive mobility experiences — anticipating the upcoming developments in Spatial Computing, Artificial Intelligence, and Blockchain Networks.
The expanded utility framework of RIDE, designed to deepen engagement, enhance value, and broaden the ecosystem’s reach, can be divided into three meticulously planned phases:
Phase 1
Starting with the first phase, we pointed out that it’s about a significant deepening of RIDE’s integration into the holoride ecosystem, enhancing user engagement and platform functionality:
Payment Gateway: The payment gateway will soon go live, initially based on Ethereum. Users paying with RIDE tokens on our platform will receive discounts and additional rewards, enhancing transactional value. In line with our purpose to provide our utilities to all our communities on different ecosystems, we are also working on enabling our RIDE holders in the MultiversX with a payment gateway.
Stake-to-Create — Access to Creator Tools: This initiative aims to broaden the market by empowering more developers and content creators to use holoride’s proprietary development toolset, the Elastic SDK, to create motion and location-aware experiences. Access to the toolset (or exclusive parts of it) might require staking a certain threshold of RIDE tokens, in turn incentivizing both creators and RIDE token holders.
Decentralized Governance: This utility aims to engage the community in decision-making processes on the platform’s future. holoride’s decentralized cross-network governance model will ensure all RIDE token holders can have a voice in shaping the ecosystem’s future.
Phase 2
As holoride’s user base and platform capabilities grow, we’re focused on delivering added value to all ecosystem participants:
RIDE and Earn Rewards: Building on the play-to-earn concept, this initiative aims to make every journey with holoride rewarding. Users will earn credits by engaging with the platform, sharing additional data, and playing games. These credits could be converted into RIDE tokens, offering incentives for continued participation. This model supports a virtuous cycle, where engagement leads to rewards, driving both platform growth and token value.
NFT-Powered Royalty Framework: This innovative framework will allow creators to tokenize unique aspects of their work as NFTs, enabling them to earn royalties while others utilize their creations. It encourages innovation, rewards creativity, and ensures original contributions are recognized and compensated.
Dynamic Buyback and Burn Mechanism: Recognizing that the majority of users still use Fiat for transactions, this mechanism will ensure that every Fiat transaction on our platform contributes to increasing demand and reducing the supply of RIDE tokens. By allocating a portion of Fiat sales to repurchase and retire RIDE tokens, the overall supply will be decreased, thereby enhancing their scarcity and value. This benefits token holders and aligns with efforts to promote crypto adoption for payments.
Phase 3
With a solid integration and value proposition in place, the third and final phase of the roadmap focuses on extending RIDE’s reach through web3 partnerships, network expansion, and listings on centralized exchanges. The aim is to solidify RIDE’s presence in the crypto space and enhance its utility. Key activities include:
Web3 Partnerships: Besides expanding collaborations with car manufacturers, device platforms, and content providers, holoride’s strategy includes forging meaningful partnerships in the web3 space to enhance RIDE’s visibility and utility.
Network Expansion: Adhering to holoride’s agnostic approach, RIDE’s presence across blockchain networks that offer the most relevance and convenience to our industry and mobility partners will be extended. This expansion is aimed at facilitating their entry into the web3 space, leveraging RIDE as a key component of their service offerings.
Centralized Exchange Listings: With the anticipation of growing interest and adoption in crypto, holoride is committed to securing listings on traditional centralized exchanges to make RIDE more accessible to a wider audience. This not only provides safer, more compliant access for a broader user base but also serves to increase adoption and, consequently, the value for early token holders.
Wrapping it Up
The new holoride roadmap emphasizes a phased approach, starting with deep integration of RIDE, expanding value propositions, and broadening reach. However, these phases may not strictly follow sequential order and will be pursued in parallel, allowing for flexibility based on market dynamics. Overall, our goal remains to establish holoride as a prominent player in the mobility experience sector while maximizing value for users and RIDE token holders.
In the upcoming weeks and months, there will be deep-dives into the phases of this roadmap, providing additional details on each item. So be on the lookout for further updates and announcements on our social media channels!
About holoride
holoride creates an entirely new media category for passengers by connecting Extended Reality (XR) content with data points from the vehicle in real-time. These data points include physical feedback, like acceleration and steering, traffic data, as well as travel route and time. holoride technology provides a new type of immersion into any kind of VR content, creating a breathtaking, immersive experience, and significantly reducing motion sickness.
The tech startup was founded at the end of 2018 in Munich, Germany by Nils Wollny, Marcus Kuehne, Daniel Profendiner, and Audi, who holds a minority stake in the startup.
In April 2021, holoride raised €10 million in its Series A funding round led by Terranet AB, earning the company a €30 million valuation. That same year, holoride won the prestigious SXSW Pitch and was also named Best in Show. It has been hailed “Best of CES 2019” four times, recognized as one of the “100 Best Inventions of 2019” by TIME Magazine, and is part of the global innovation platform “STARTUP AUTOBAHN powered by Plug and Play”.
