How to write a whitepaper for an NFT game?

Maciej Zieliński

10 Jul 2022
How to write a whitepaper for an NFT game?

If you've ever wanted to learn more about how to write a whitepaper for an NFT game, you're in the right place. In our article, we point out the process of creating a whitepaper for NFT games and the elements that play a key role in it. Read our guide and see what you need to keep in mind when creating your whitepaper for an NFT game. Here are some tips to make your NFT game whitepaper stand out from the competition. Here we go! 

Whitepaper for NFT game - basic information 

When creating a whitepaper for your NFT game, keep in mind that you are targeting both professionals and people who are just starting investing and gaming. If you want to make the best possible whitepaper, then put yourself in the customer's shoes and consider what questions come to mind first for the person who is potentially interested in your NFT game. Many years of observation of successful projects indicate that a professionally written whitepaper for an NFT game should answer the following questions:

  1. Introducing the game - in this regard, you should indicate what your game is about, what kind of ecosystem it has, whether it has a storyline, and what it is about. For example - a whitepaper for the game Axie Infinity will indicate that it is about collecting, raising, and selling animals. In contrast, the title "The Sandbox" will be characterized as a game in which you buy, rent, lease, or sell land. To determine what you want your game to be about and describe its outline in the first section of the whitepaper. 
  1. How does the project work? - in this area, it is useful to know the technicalities on which your game is based. Focus on presenting whether the game works based on the ERC-20 standard or ERC-721. In addition, specify in which blockchain technology you are creating your title. The most popular solutions are Flow, Ethereum, and Tezos. We wrote more about it - > here. 
  1. On what basis and in what quantities can you obtain NFT? - For example, the aforementioned Sandbox indicates that you get NFT through rent, lease, and sale of land. Axie Infinity specifies that you gain through breeding and selling animals. What does your NFT game offer? Indicate it here. 
  1. A description of the project's financing - if your NFT game obtained capital through crowdfunding, ICO, STO, or IDO, indicate it here. 
  1. Information about the team behind the NFT project - is an element that adds credibility. Describe who created the project, and what role they played in it. Familiar names attract much more interest. 
  1. Capital storage - specify on which wallets you can store NFT in your platform. This factor is interestingly described in the whitepaper of the game "Decentraland".

These are just the basics that you need to include in your whitepaper for NFT. Below we point out additional elements that will increase its credibility and help it succeed. 

Tokenomics

As one of the main elements of NFT games, it should be described in an extremely precise way. In particular, the whitepaper should state what cryptocurrency the project supports and what type of tokens it uses. At the same time, it should be indicated whether the title was created first or, however, the token - this behavior shows the direction of the NFT game developer's thinking. If it was started with a token, in practice, the main goal is likely to be profit from the game. If, on the other hand, the game was created first and then the token, it means that the person respects his users, because he starts with an offer prepared for them - not under himself.  Another factor related to tokenomics is whether a title works with other games and cryptocurrency platforms. This can make financial assets much more liquid and practical than if they are limited to a single game. Keep in mind whether art assets, skins, tokens, etc. are readily available to third parties. If so - this will enable developers among the community to build their tools and experiences in a given title. As an example, consider the game Axie Infinity, which works this way. Economic openness makes it possible for players to monetize their concepts among other users, which also increases liquidity on a given platform.

If we talk about tokenomics, then we need to point out all the factors related to the monetization of the game in the context of Play to Earn:

  • How can the game be monetized?
  • In what time frame can this be achieved?
  • Are players entitled to rewards? If so, for what and in what amount?
  • How is payment for additional products made?
  • How can skins, NFTs, etc. be sold?

If there is (or was) an ICO, IEO, or IDO organized, indicate any elements related to this and resulting in the implementation of Soft Cup and hard Cup. This is an extremely important factor, as users need to know what we offer as part of the financing organization (if any). In addition, it will be necessary to specify the tokens and the method of their use. In particular, it should be determined whether they will be:

  • NFT tokens
  • Defi tokens
  • Governance Tokens
  • Security tokens
  • and what function they serve. 

Economic sustainability is another factor that should be included in the NFT. We need to indicate how the financing and trading of NFT data in the title will be kept alive. For example - in Ax Infinity it was indicated that battles between players will be updated regularly, there will be new objectives in the universe, and the value of the game is to be based on community and progression. An interesting idea is to indicate additional sources of funding that are not strictly related to the metaverse. In this case, you can refer to the implementation of additional sources of capital to the project by:

  • starting advertising,
  • finding sponsors,
  • selling physical goods related to the title,
  • organizing offline live events and building a community. 

Tokenomics must identify the flow of capital, its origin, present the value behind the title, and how it will continue to expand. If these factors are properly presented, we have half the success. 

NFT Whitepaper, and Infographics

There are many reasons to use infographics in an NFT whitepaper. Remember, NFTs are growing in popularity and offer endless business opportunities that not everyone understands after reading dry written text. To help explain why NFTs are important, you can use the following three types of infographics: 

  • Ecosystem, 
  • Sales, 
  • Risk

Infographics can help readers understand the complexity of NFTs and how they work. They also help inform how to sell them and make the best use of their financial resources. The most striking ones are those that visually present a lot of data. This makes them easier to understand. Below is a sample infographic from the Zeedz.io game whitepaper.

whitepaper

It identifies information on the NFT supply of the game. You can find more information in this regard - > here. Another infographic describing the NFT breakdown of the game deals with the detailed settlement and is as follows: 

whitepaper

Infographics are more readable for people who are visual and do not analyze text. It is worth having them in your NFT game whitepaper. In addition, they can be easily shared, so your content reaches a large audience. It's a good idea to hire a designer with design skills to ensure your content looks professional and gets the right results. A good graphic designer should have a portfolio of his work, as well as a quality workshop. Also, pictograms have long been a popular and useful way to describe digital assets. You can use them to store everything from digital art to tweets. The idea behind NFT is to allow users to create and store such collections. The benefits of this technology and the solutions indicated above are obvious. 

Basic structural elements of a whitepaper for the NFT game 

To be successful, an NFT whitepaper must include the following features: 

  • Cover: A well-designed whitepaper should be easy to read. An interesting wrapper is meant to inspire confidence in potential contributors and showcase the team. Make sure your photos are high quality and have a consistent style throughout the document. You can use company photos to introduce the team.
  • To help subscribers find and buy NFT, the whitepaper should be made available through a secure platform. It should also include videos that can encourage subscribers to watch and learn more about the project. For example - Anxie Infinity has a video, which can be found here -> link.
  • While NFTs have many advantages, the biggest challenge facing this technology is fluidity. While the NFT whitepaper highlights the benefits of smart contracts, it should be noted that this market is still in its infancy, but is large enough to provide a good experience for developers and consumers. In addition, NFTs are more secure than digital disks, making them a better choice for cryptocurrencies and other non-physical assets.
  • Formatting: NFT documentation should be properly formatted. The reader must be able to easily understand the technical details. To this end, it is a good idea to add graphics and photos to make the document more attractive. Make sure that the visual and textual elements complement each other and do not distract from the message. As for charts, photos and dashboards, try to make them as easy to read as possible. 
  • Roadmap - with it you will present a vision for the development of your title. It will help to show, in a simplified way, where the project is going and answer basic questions about the timing of its implementation. The roadmap helps you identify the strategy of the game and coordinate the progress of its implementation. 
  • Team - presenting an official team of people shows that there are professionals behind a project who are not afraid to sign off on it. This is important because it builds trust among the community for a given NFT game. The more well-known names in the crypto industry and respected - the better type. 

Top 5 whitepapers for NFT games 

Currently, the most popular titles that make gaming NFT have great whitepapers. Check out the list below to see what a well-constructed whitepaper should look like in practice

Anxie Inifity

Anxie Inifity - > check out the whitepaper. This Whitepaper has in practice everything that a professionally drafted document must have. In it we can find: 

-thoroughly described gameplay, 

-methods of earning money from playing, 

-indication of the time we need to obtain capital, 

-in addition, the whole tokenomics of the game in the present and future time is brilliantly shown,

-The flow of capital is described, as well as the methods of securing it and the direction of business development. 

Zeedz.io

Zeedz.io -> check out the whitepaper. First of all, this document is made extremely aesthetically pleasing. In addition, it coolly compares the NFT project to the traditional version of computer games. Another interesting concept is the indication that 1% of the commissions from transactions are donated to the expansion of the system and the game, which shows that the developers constantly want to develop it!

The Sandbox

The Sandbox -> check out the whitepaper. This is a heavily expanded whitepaper that has all the necessary elements in it. It includes a description of the gameplay, extremely detailed tokenomics, widely explained use of other technologies, and security of capital storage. In addition, several infographics are presented here, which simply describe the project. 

Decentraland

Decetraland -> check out the whitepaper. This whitepaper differs from the others in its simplicity of information. It conveys, in brief, the form of gameplay, settlement and tokenomics, and technology. It can be said that Decentraland is a summary of any well-written whitepaper of other, larger titles. 

Blankos Block

Blankos Block - > check out the whitepaper. This is a title that stands out from other games in terms of technology and documentation. Instead of a classic whitepaper, it has a separate blog that answers all the questions that a whitepaper should answer. You could say that it is a whitepaper in the form of a blog entry. The entry itself describes the technology of the game and even the hardware requirements to run it. There is also a description of tokenomics and answers to the most popular questions from players. It's a different look at the NFT Game market, as it departs from a fully formalized whitepaper, but presents the most important information about the project. 

Summary 

Analyzing the above information, it can be concluded that the whitepaper is one of several key elements that are responsible for the success of the NFT project. For this reason, it is worth knowing its structure and understanding how to use the documentation in question. A properly drafted whitepaper has the tokenomics of the game well dissected. Users need to be fully aware of how to earn money playing a given title, how to sell the NFTs they acquire, and whether they can be used on different platforms. We point out at this point that our company has a team of specialists who have years of experience in creating whitepapers and will be happy to help you create a professional document. 

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Authorization and Identity: Chainlink Use Cases

Karolina

14 Feb 2024
Authorization and Identity: Chainlink Use Cases

Chainlink stands at the forefront of enhancing security and compliance within smart contract-enabled blockchain networks. By enabling direct access to real-world data, Chainlink ensures that blockchain applications can operate with the same level of trust and verification as traditional systems. This integration is crucial for a wide range of applications, from financial services requiring Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance to any form of digital agreement that needs to securely verify the identity of parties involved.

Overview

Chainlink is a decentralized oracle network that plays a critical role in bridging the gap between smart contracts on blockchain networks and real-world data. It enables smart contracts to securely interact with external data.

  • Decentralized Data Oracles. Chainlink's network of decentralized oracles ensures that data fed into smart contracts is accurate and tamper-proof, mitigating risks associated with relying on a single data source.
  • Smart Contract Connectivity to Real-World Data. It facilitates the seamless integration of external data sources, such as financial market data, weather information, and much more, enabling smart contracts to execute based on inputs from the real world.
  • Chainlink VRF (Verifiable Random Function). This feature provides a secure and provably fair source of randomness for blockchain applications, crucial for gaming, NFTs, and any application requiring random number generation.

READ: "What is Chainlink"

When it comes to authorization and identity verification, Chainlink's role becomes even more crucial. By connecting smart contracts with external data sources, such as governmental identity databases or digital identity verification services, Chainlink enables the creation of blockchain applications that require verified human identities. This capability is essential for applications that must adhere to regulatory standards or for those seeking to mitigate the risk of fraud.

Moreover, Chainlink's decentralized nature ensures that the process of identity verification is not only secure but also resistant to manipulation. By leveraging multiple independent oracles to fetch and validate data before it's provided to a smart contract, Chainlink ensures a level of reliability and trustworthiness that centralized data sources cannot match. This decentralized approach to authorization and identity verification opens up new possibilities for blockchain applications, making them more accessible, compliant, and secure for users around the globe.

The integration of Chainlink's decentralized oracle network into the domain of authorization and identity verification heralds a new era of security, efficiency, and compliance for blockchain applications. By leveraging real-world data and external verification services, Chainlink enables smart contracts to perform functions that were previously unthinkable in the blockchain space. Here, we explore several key use cases where Chainlink's technology significantly impacts authorization and identity verification processes.

E-Signatures

In the digital age, e-signatures have become the norm for legally binding agreements, eliminating the need for physical presence or paper-based documents. Chainlink oracles facilitate the integration of blockchain applications with leading e-signature providers like DocuSign. This integration ensures that e-signatures can be verified and recorded on the blockchain, providing immutable evidence of agreement and authorization. Furthermore, by enabling smart contracts to interact with e-signature solutions, Chainlink opens the door to automated contract execution based on the completion of digitally signed agreements, thereby streamlining business processes and reducing the time and cost associated with manual verification.

Biometrics for Smart Contract Authorization

Unstoppable Domains uses Chainlink oracles to enable users to tie their off-chain Twitter identity to their on-chain Ethereum domain name (Source: chain.link)

Biometric verification offers a high level of security and convenience for identity verification, leveraging unique physical characteristics such as fingerprints or retinal patterns. Chainlink enables smart contracts to securely access and verify biometric data, ensuring that only authorized individuals can trigger certain actions on the blockchain. This use case is particularly relevant for access control systems, secure transactions, and identity verification processes that require a high degree of trust and security. By connecting smart contracts with biometric databases and verification services through Chainlink oracles, blockchain applications can achieve a new level of security and fraud prevention.

Credential Verification

Credential verification is crucial in numerous applications, from financial transactions requiring proof of funds to access systems demanding specific security clearances. Chainlink oracles play a pivotal role by securely relaying credential verifications from external systems to the blockchain. This capability allows smart contracts to automatically verify users' credentials in real-time, facilitating seamless transactions and interactions that require verified identity or authorization credentials. For example, a decentralized finance (DeFi) platform can use Chainlink to verify a user's creditworthiness or asset ownership before allowing them to participate in lending or borrowing services.

Social Media Identity and Domain Names

The integration of social media identities with blockchain applications enhances user experience by providing more intuitive and human-readable identifiers, such as domain names or social media handles. Chainlink oracles facilitate this by securely linking off-chain social media identities to on-chain addresses or domain names. This use case not only improves the usability of blockchain applications but also adds an extra layer of verification, as users can easily confirm the authenticity of the parties they are interacting with.

Intellectual Property Management

Chainlink's decentralized oracle network enables smart contracts to interact with external IP databases for verifying ownership and facilitating transactions related to intellectual property (IP). This application is particularly useful for copyright and trademark management, patent licensing, and royalty distribution. By automating IP verification and transactions through Chainlink, creators and owners can more efficiently manage their rights and receive payments, while users gain access to verified IP assets.

Contribution Bounties in Open Source Projects

Open-source projects can leverage Chainlink oracles to automate the verification of contributions and the distribution of bounties. By connecting smart contracts with public code repositories like GitHub, Chainlink allows projects to automatically track contributions, verify the fulfillment of predefined conditions, and release payments to contributors. This application streamlines the contribution process, incentivizes open-source development, and ensures that contributors are fairly compensated for their work.

Conclusion

Chainlink significantly impacts blockchain, enhancing security and compliance, especially in authorization and identity. It bridges real-world data with blockchain, ensuring trust and wider adoption. As blockchain evolves, Chainlink's innovations promise a more inclusive digital future. Its key role in securing and streamlining blockchain applications marks a crucial step forward for digital interactions. Chainlink is pivotal for a secure, compliant, and efficient blockchain ecosystem, shaping the future of digital transactions.

If you are interested in utilizing Chainlink or other blockchain-based solutions for your project, please reach out to contact@nextrope.com

Chainlink vs. Avalanche: Exploring the Blockchain Frontier

Karolina

13 Feb 2024
Chainlink vs. Avalanche: Exploring the Blockchain Frontier

Chainlink emerges as the bridge between the real world and the blockchain. On the other side, Avalanche flashes through the blockchain space with a lightning speed platform that promises scalability without compromise. Both are revolutionaries in their own right, yet their paths are markedly different. Chainlink's quest to secure the integrity of off-chain data in a decentralized manner contrasts with Avalanche's mission to redefine blockchain's scalability and usability. But what happens when these paths intersect?

Overview

Chainlink is a decentralized oracle network that plays a critical role in bridging the gap between smart contracts on blockchain networks and real-world data. It enables smart contracts to securely interact with external data.

  • Decentralized Data Oracles. Chainlink's network of decentralized oracles ensures that data fed into smart contracts is accurate and tamper-proof, mitigating risks associated with relying on a single data source.
  • Smart Contract Connectivity to Real-World Data. It facilitates the seamless integration of external data sources, such as financial market data, weather information, and much more, enabling smart contracts to execute based on inputs from the real world.
  • Chainlink VRF (Verifiable Random Function). This feature provides a secure and provably fair source of randomness for blockchain applications, crucial for gaming, NFTs, and any application requiring random number generation.

READ: "What is Chainlink"

What is Avalanche?

Overview

Avalanche is a highly scalable blockchain platform designed for decentralized applications (dApps) and custom blockchain networks. It distinguishes itself with its emphasis on scalability, speed, and eco-friendliness.

Key Features of Avalanche

  • High Throughput and Low Latency. Avalanche boasts a high transaction output rate with low latency, making it an ideal platform for scaling dApps and financial solutions.
  • Eco-friendly Consensus Mechanism. Unlike proof-of-work (PoW) systems that require significant energy expenditure, Avalanche uses a novel consensus mechanism that is energy-efficient, contributing to a more sustainable blockchain ecosystem.
  • Scalability and Interoperability. The platform supports the creation of multiple custom blockchains that can interoperate seamlessly, facilitating a diverse and scalable ecosystem of applications.

READ: "Avalanche’s Investment in Real-World Assets Tokenization"

As blockchain technology continues to evolve, understanding the nuances between different platforms and solutions like Chainlink and Avalanche becomes increasingly important. Here's how these two blockchain giants stack up against each other:

Underlying Technologies and Architectures:

  • Avalanche utilizes a unique consensus protocol known as Avalanche consensus, combining the benefits of classical consensus algorithms with the decentralized nature of blockchains. This protocol allows for high throughput, quick finality, and energy efficiency.
  • Chainlink, on the other hand, is not a blockchain but a decentralized network of nodes that provide data to blockchain networks. It uses a network of independent node operators who are incentivized to provide accurate data to smart contracts.

Consensus Mechanisms:

  • Avalanche employs a Proof of Stake (PoS) model designed to be lightweight and energy-efficient. Validators participate in reaching consensus by staking AVAX tokens, contributing to the network's security and governance.
  • Chainlink does not use a consensus mechanism in the same way a blockchain network like Avalanche does. Instead, it relies on a decentralized network of oracles to validate and relay data, ensuring the integrity of information provided to smart contracts.

Chainlink is best suited for applications that require secure, reliable, and tamper-proof data inputs from the real world. This includes:

Avalanche is optimized for a wide range of blockchain applications needing high throughput, quick finality, and scalable infrastructure, such as:

  • Scalable DeFi platforms and DEXes.
  • Enterprise blockchain solutions.
  • Custom blockchain networks (subnets).

Examples of Real-World Applications and Partnerships:

  • Chainlink has partnered with Google Cloud for cloud data integration and with numerous DeFi platforms like Synthetix and Aave for price feeds and randomness.
  • Avalanche has formed partnerships with Deloitte for enhancing security and speed in disaster relief platforms and with top DeFi protocols to build on its highly scalable network.

Ecosystem and Community

Development Community and Ecosystem Support:

  • Both Chainlink and Avalanche boast robust and active communities. Chainlink's community is highly engaged in developing external adapters and securing data for smart contracts. Avalanche's community focuses on developing dApps and custom blockchain networks.

Tools, Resources, and Support:

  • Chainlink offers extensive documentation, a vibrant developer community, and grants for projects integrating Chainlink's technology.
  • Avalanche provides developers with comprehensive resources, including tutorials, technical documentation, and funding for ecosystem growth through the Avalanche Foundation.

Tokenomics and Market Performance

  • LINK (Chainlink's token) is used to pay for services within the Chainlink network, including data requests to oracles. It incentivizes node operators to provide accurate data.
  • AVAX (Avalanche's token) serves as the native currency within the Avalanche network, used for transaction fees, staking, and governance.
  • In terms of market performance, both LINK and AVAX have shown significant growth and adoption, reflecting their utility and the demand for their respective network's services. However, their performance can vary based on overall market trends, technological advancements, and adoption rates in their specific use cases.

LINK vs AVAX

Potential for Integration

The potential for integration between Chainlink oracles and Avalanche’s blockchain platform is substantial. Chainlink’s decentralized oracles can provide Avalanche-based applications with secure and reliable real-world data, enhancing the functionality and scope of Avalanche’s already fast and scalable blockchain. This integration can benefit a wide range of applications, from DeFi and insurance to gaming and prediction markets, by providing them with the essential data needed to operate effectively and transparently.

Conclusion

Chainlink and Avalanche, while serving distinct purposes within the blockchain ecosystem, demonstrate a powerful synergy when combined. Chainlink’s ability to provide secure, reliable, and decentralized data complements Avalanche’s high-throughput, scalable blockchain platform, enabling developers to build more complex, useful, and transparent applications.

READ ALSO: "Chainlink vs Polkadot"

If you are interested in utilizing Chainlink or other blockchain-based solutions for your project, please reach out to contact@nextrope.com