How we’ll share our Web3 game assets using Reputation as Credit
Our vast collection of playable NFT assets is for the community. To unleash the potential of Web3 gamers to play and earn, we’ll lend them out for free, to the most deserving players.
We’re ushering in a new era of permissionless lending of Web3 assets, through an economy based on your most valuable and meaningful asset — your reputation.
We’re proud to share our first whitepaper, describing our on-chain player management system.
Check it out now!
We’ve already built the contracts (which we’re testing now), and will continue to refine the model, formulas etc. as we inch closer to the launch of the games we support. For example, we’ve been working with the Parallel team to ensure our model will work smoothly with their “bonds”/guilds.
Oh, and our system will be natively integrated into STADIUM — the new, decentralized platform for traditional and Web3 leagues and tournaments. What does that mean? Players who want to use STADIUM to compete in play-and-earn games will be able to access our assets through the platform.
Our player management system will help everyone win:
- Players get access to NFT assets that’ll maximize their earnings with no upfront cost.
- Web3 gaming becomes more accessible to traditional gamers by removing a financially significant barrier to entry
- STADIUM can directly connect players to the assets they want to play with
- ParagonsDAO maximizes asset usage, turning the NFTs into financially productive powerhouses we collect a percentage of .
- Our Treasury captures the value of the ongoing revenue, benefitting those who stake their PDT (30% of ongoing game token revenue is used as staking rewards)
And it’s just one of many tools and offerings we’re building to unleash Web3 gamers’ potential…
