Welcome to BloqVerse – an ever-evolving universe living within the Ethereum blockchain.
But what does a living universe really mean?
It means that every element in the periodic table has its own ERC20 token supply and that by following strict scientific formulas contained within an extensive series of 27 interconnected smart contracts that they can be used to construct commodity items such as diamonds, soil or magnets. An example familiar to most is in regards to water. The only way anyone, including ourselves can generate water is by combining two hydrogen atoms and one oxygen atom.
By combining ERC20 items such as wood, stone and steel – which in themselves have been generated through specific combinations of atoms – players can then start to construct a series of new and unique ERC721 things, which includes buildings and transportation. After having created their first spaceship, players can then travel the universe colonizing planets, each of which is also a unique ERC721 digital asset. Players are able to start alliances, propose marriage and even have children, which are also ERC721 assets.
So what exactly is BloqVerse?
Most of its creators call it a game – an open “on-chain” RPG where players attempt to take down the central bank, which governs the universe’s fragile financial systems. Others within the team refer to it as an educational platform designed to teach the public about blockchains whilst also providing open and insightful research regarding the nature of economics. We’ve even had one of our developers mention that some people may consider it to be the most elaborate multi-level marketing scheme they’ve ever seen.
Since the generation of both planets and players has a slowly auto-incrementing cost that is paid using Ether whilst increasing as more are introduced to the Bloqverse, this in-turn gives each planet within the BloqVerse real value. Based on their popularity, planets can generate a passive income every time new players are born on that planet. Although we take all Ether used to generate planets, a planet can only be generated by a player, which must first be born on an existing planet – where we take 30% of player births. The remaining 70% of player generation costs are automatically transferred to the planet owner.
But wait – there must surely be more to it than that?
Other than the five million potential species that are randomly distributed among the one million potential planets and thirty-thousand political parties that players can join – there is of course much more going on behind the scenes. It is after all a game and games require clear objectives that need to be completed. In level one, players need to bring an end to the opulent oversight of the universe’s central bank – but the bank fights dirty, so it will require players to work together in order to manipulate the markets and in-turn break the wheel.
Backing the underlying economics of free market trade are two competing reserves. The central bank controls the monetary policies related to ERC20 based universal credits, but no one other than the scientific rules of the universe control the supply and circulation of ERC20 based energy. Although players are able to purchase atoms and items from the bank using credits, a player can also deatomize any item that they own into raw energy and create new atoms and items without engaging and in-turn rewarding the central bank.
Beyond atoms, items, things, planets, children, energy and credits are ERC721 corporations. Once a player has at least one child and a building under their control, they can then start the incorporation process by allocating that child as the founder of the business that is located within the assigned building. In the same way a building can be deconstructed in order to get back the items that were used to generate that thing, a corporation holds both assets and children (who are therein referred to as employees). Only upon declaring bankruptcy and closing that corporation can the children and assets then be used again by whoever owns the corporation at the point of its dissolvement.
It will take an intergalactic merger of two corporations founded by different families who are also in an alliance within the same political party and for the combined value of those corporations to be more than the central bank’s reserves to complete level one. In doing so, players will then take a controlling role within the central bank and future income generated by discovering new planets will then be divided equally between its shareholders.
What does the future hold?
It’s taken us two years of passionate late nights and fairly frequent weekends to get this far, but what’s most exciting is that when you look at our roadmap, it’s quite clear that we’ve barely gotten started and have decades of work ahead. Although it is currently running from our private Blockchain Embassy (BCE) network and only open to registration from BCE members, this is the first time we’ve made the universe accessible for anyone to view.
Having spent the past couple of months on-boarding active BCE members, who in-turn also gain access to the BCE APIs and wallets, we are now in a position to seek further public support. Whether that be from new organizations joining the Blockchain Embassy, or from individuals who reach out to offer their own creative services in exchange for a stake of the central bank. Most importantly, the final requirement prior to public launch is integration with a regulated crypto-exchange in order to better facilitate both onboarding and external trading. This is something that we have started to discuss with exchanges and hope to make further announcements on soon, once approved by regulators.
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