Mintameta v.s. Particle

A Comparative Analysis on Web3 Infrastructure

1 The Basics

1.1 Overview

1.2 Project Details

Mintameta

Particle Network

2 The Economics

2.1 Business Models

Mintameta

Transaction fees: DEX, NFT marketplace transaction fees.

Interest: the interest fees of the lending platform, the collateral minting.

Platform usage fees: the usage fees for the integrated module invocation and operation tools provided by the platform for the game development teams.

Platform service fees: In-platform purchase and user promotion fees.

Copyright fees: Creators collect copyright fees when they generate revenue from works and IPs created on the platform.

Promotion fees: the costs of IDO/lGO/event cooperation.

Particle Network

Wallet: service fees

Node fees: User subscription fees for the project’s products

Copyright fees: The creator collects the copyright fees when generating revenue from the works and IP created by the platform.

2.2 Token Distribution

Mintameta

Particle Network

N/A

2.3 Utility Scenarios

Mintameta

1. Launchpad: Stake $MUSD and $MMT on a regular basis to participate in Launchpad sales.
2. Lending: Enter the lending market by staking $MUSD to earn annualized income. Lending Market: Users can borrow game tokens by staking native tokens.
3. Payment: Pay asset transaction fees/Pay MOD fees/Pay fees/Pay interests
4. Lottery: Lottery will be held regularly, and users can get the lottery in proportion by depositing $MUSD or $MMT. Earnings such as transaction fees and interest will be included in the prize pool.

Particle Network

1. $G3 tokens as am NFT kit for Game3 platform games
2. $G3 tokens as the common currency for Game3 platform games
3. $G3 tokens as a payment method for Panda² protocol
4. Whitelist privileges and bounty hunting
5. Pledge $vG3 Token to participate in governance
6. Profits will be used to buy back and burn $G3 tokens until the total amount of tokens is halved

3 Investments & valuation

Mintameta

No details of financing and valuation have been announced yet.

Particle Network

Pre-Seed valuation is $30 million / Funding amount is $1.5 million

TGE = 5%, 3-month lock-up, 24-month linear release

Investors: Longhash Ventures led the investment, Insignia Ventures Partners, Cyberconnect, Monad Labs, Bitcoin Ventures, 7 O’Clock Capital, FSC and many well-known individual investors and Internet founders participated in the investment

4 Competitive Strategies

Mintameta

1. Provide developers with services such as technology, operation and data through Metatool, greatly reducing the time and technical costs of developers
2. Through the layered operation of game genres and users, it helps players realize the transition and transformation from web 2.0 to web 3.0, and accumulates early user traffic for the platform and Serve game projects.
3. In the early stage of the project, a boutique game strategy was adopted.Through the support of developer project technology and operation, create popular applications to support the platform’s revenue.

Particle Network

Particle Network divides existing customers into six typical application scenarios — Metaverse, Gamefi, X to Earn, DAO, Wallet/Payment, Mobile DeFi. In each category, it will focus on serving some benchmark customers, and then help them push the launches of products. At the same time, through frequent communication with customers, it fed back its own internal production and research, to better polish the product.

5 Summary

• In terms of product functions, both are dedicated to helping developers in the web 3.0 area. Particle mainly focuses on services for developers, while Mintameta not only serves developers, but also designs a game management center for participating players, which bridges both the developers and the users.
• In terms of economics, the two are basically similar in terms of payment, staking and governance. The income at this stage is still standard SaaS-like income, and the development stage and the stage when the scale of retail users is small since the launch is free. The difference is that Mintameta also added lending services in the later stage, and users can earn annualized income by staking $MUSD to enter the lending market.
• In terms of competitive strategies, Particle mainly focuses on the filtering of developers and key services, and Mintameta mainly helps developers to quickly land and accumulate early traffic.
• In terms of team, both have rich practical experiences in the game industry, and the Particle team has the background of top universities and renowned companies.

6 Risk Warning

• The competition in the industry is fierce, and the platform revenue might be lower than expected;
• The team’s access to game project sources and game quality are worth evaluating;
• Platform projects have a long cycle, and their sustainability is difficult to predict.

Additional References