Elevator Pitch
3.1. Defining current Metaverse
3.1.1. Overarching Definition
3.1.2. Current Metaverses
3.1.2.1. Twitter
3.1.2.2. Instagram
3.1.2.3. Video Games
3.1.2.4. Discord Servers(Emerging)
4.1. Community
4.1.1. Incentives
4.1.1.1. Introduction
4.1.1.2. Metaverse Value Standard
4.1.1.3. Non Fungible Tokens
4.1.1.4 Micro Economical Alignment of Community Members
4.1.2 Adoption
4.1.2.1. Culture
4.1.2.1.1. Memetics
4.1.2.1.1.1. Introduction
4.1.2.1.1.2. Story/Lore
4.1.2.2. Usage
4.1.2.2.1. Nurturing the community
4.1.2.2.1.1. Lowering knowledge barrier to entry
4.1.2.2.1.2. Use Intuition
4.1.2.2.2. Economical Viability
4.1.2.2.2.1. Introduction
4.1.2.2.2.2. Banklesness
4.1.2.2.2.2.1. Low Financial Barrier to Entry
4.1.2.2.2.2.2. Global
4.1.2.2.2.2.3. Cheap
4.1.2.2.2.2.4. Permission less
4.1.2.2.2.2.5. Summary
4.1.2.2.3. Engaging Content
4.1.2.2.3.1. Practice Actuation
4.1.2.2.3.2. Call To Action
4.1.2.2.3.3. Collective Events
4.1.3. Gamification
4.1.3.1. Transactional World
4.1.3.1.1. Bounties
4.1.3.1.2. Commissions
4.1.3.1.3. Tips
4.1.3.1.4. Services
4.1.3.1.5. Conclusion
4.2 Mental Models
4.2.1. Video Game Socializing
4.2.2. Social Transactions
4.2.3 Financial Stake Based Statue Signaling
5.1. Relevance of Game Theory
5.2. The Standard Games Online Community Members Play
5.2.1. Virtue Signaling
5.2.2. Value Signaling
5.2.3. Statue Value
5.2.4. Capital Value
5.2.5. New Approach: Adding all up: Virtue, Value, Statue and Capital
5.2.5.1. Virtue Signaling & Value Signaling Mixed:
5.2.5.2. Zero Sum and Positive Sum Games Mixed:
6.1. Collective Consensus on Value
6.1.1. Inherent Economical Alignment
6.1.1.1. Introduction
6.1.1.2. Self Regulating Collective
6.2. Collective Value Creation
6.2.1. Investing
6.2.2. Founding
6.2.3. Informing
6.2.4. Developing
6.2.5. Building Long Term Relationships
6.3. Collective Sovereignty
6.3.1. Total Legitimacy
6.3.2. Social Safeguard
6.4. Collective Financial Value
6.4.1. Bulk Negotiations
6.4.1.1. Purchases
6.4.1.2. Other Possibilities
6.5. Wisdom of Crowds
1.1 Elevator Pitch
Creating a metaverse standart by setting two constants: First: setting a protocol indifferent currency with a strong network effect as a standart; Second: a protocol indifferent community. Protocol indifferent currency is taken as Ethereum for this protocol. Protocol indifferent community is created by educating community members for them to establish individual characteristics that enable protocol incorporating habit traits that assist forming a strongly aligned sovereign collective.
Discussing a Standard for Metaverse Community Formation
Creating an Explanatory Guidance to $GAMES Metaverse Implications
General Insight to Possible Investors
3.1. Defining current Metaverse
3.1.1. Overarching Definition
Metaverse is the internet all around us. When you are connected to the internet with your IP address, it is your identity, similar to your physical being, where you have the ability to interact with the objects on the network. The metaverse defines the state of your internet id(IP address) in relation to its interactions to the objects(websites, protocols etc) on the networks.
Oxford Dictionary Definition: a virtual-reality space in which users can interact with a computer-generated environment and other users.
Metaverse is a playful name that is a fusion of two words. Meta and Universe. It suggests that the internet allows us to define new virtual planes of existence that are governed with different laws of physics(metaphorically) and these planes of existence separate from each other. However, the interesting part is, these virtual planes can communicate so they are connected to each other i a meta level.
3.1.2. Current Metaverses
3.1.2.1. Twitter
A plane of existence where you can define an identity by a profile picture, with an arbitrary bio(a small public summary about yourself) and 280 character worth of information bits you provide by tweeting your views.
3.1.2.2 Instagram
A plane of existence where you can define an identity by the moments you capture as a form of photographs whether it be you or other objects and display them on your profile.
3.1.2.3. Video Games
Video games are a bit different form of a plane of existence other than Instagram and Twitter. Video games do not only define protocols(like instagram and twitter) that allow you to use their functions in a certain way, they also define a virtual spatial environment where you can operate and navigate by vector.
3.1.2.4. Discord Servers (Emerging)
Discord has been around since 2015 but new trends of NFT technology allows for communities to contribute to its usage of substantial functionalities(more on that later).
Discord is a plane of existence where people with the same interests come together into an online channel in the form of a Discord Server where they can engage with other community members. It has dissected channels for the topics that are related to the server's theme. It has excessive emoji(a small digital image or icon used to express an idea or emotion.) capabilities where you can customize and add your own emojis that mirrors your server's culture. The timeline of the server's channels' flow is in real time, which makes the experience substantially engaging. You can share videos, gifs, and photos. Server administrators can make announcements, organize members and launch online events all in the same plane of existence, the Discord Server.
There are also customizable automation tools in the form of Discord Bots. This is a whole different topic but essentially what they do is, they are introducing customizable functionalities that have never been seen before in any type of social media channel ever existed.
Overall Summary: The Internet is still an emerging space that creates new ways of interfacing with other people, furthermore with reality itself.
4.1. Community
4.1.1. Incentives
4.1.1.1. Introduction
To sustain a cooperation mechanism between agents(network participants) that are going to play a fundamental part of an emergence of something like metaverse, those cooperation mechanisms should be self-sufficient. Self sufficiency couldn't be achieved by hard coded laws by a segment of developers because this would limit infinite possibilities of new branches*,* Instead it could be achieved by quantifiable measurable value standards that enable community members to create, capture and transform value between themselves and other protocols without limiting the interfacing metaverses' ability to set their own standards.
4.1.1.2. Metaverse Value Standard
There should be a common denominator of value vehicles to quantify value in the metaverse for network participants to reach an agreement with each other to assess value. This denominator should be interoperable, programmable, composable, decentralized, secure, immutable, scarce, fast, recognizable etc. This denominator doesn't have to harbor all of the features natively, rather it can allow those features to be recreated into its function with creative approaches by its programmability. Example to this can be: to incorporate speed function to Ethereum, proposing different type of layer 2 solutions. This is possible because of Ethereum's programmability.
At the time of this writing, the closest thing to this is the Ethereum Ecosystem. This paper is going to present its content with a pre-conceived notion of taking Ethereum Ecosystem as the base solution to the Metaverse Standard.
4.1.1.3. Non Fungible Tokens
Non Fungible Tokens, NFTs, are identified objects on the blockchain. These objects can interface with protocols therefore they are programmable. Their identifiability and programmability allows infinite possibilities of their usage in the virtual plane of existence that is called metaverse.
Non Fungible Tokens also allow something for people to become more intuitive participants of the blockchain ecosystem. They can choose a digital handle as their identity. This way, they would be known in their community on the metaverse by the way they choose, not the way they have given as physical reality appoints people a certain look, race, nationality, or personal history.
Non fungible tokens allow to launch a completely new existence on the blockchain where the new identity would be entirely what the owner of it would choose it to be.
4.1.1.4 Micro Economical Alignment of Community Members
Every conceivable community structure is going to marginalize themselves from the others by creating a common culture while staking capital to it. The ownership of that community's culture in the form of that community's scarce NFT pieces allows a possibility to signal stake in the community in the form of capital. This is inherently different from the common practice of virtue signaling that is being observed especially in the online communities where it takes virtually no resources at all.
Ownership of NFTs of an online community is entirely different from the previous online community formations. Now, the owners of NFTs have an economical stake in the community. In other words, if the community does good in the future, their early participation of the community with staked capital
will be rewarded. This will incentivize the NFT owners of the community to push the community value more and more. They would get along with other community members well. They would hold events with each other. They would signal the existence of their online tribe on other platforms etc. Social networking collapsed into microeconomics where statue indicators became quantifiable capital stakes(more on this later).
Conclusion: Primary metaverse standard is not an arbitrary protocol structure. It is a consensus of the largest and most impactful community.
4.1.2 Adoption
4.1.2.1. Culture
4.1.2.1.1. Memetics
4.1.2.1.1.1. Introduction
Memetics term was first coined by Richard Dawkins in his book: The Selfish Gene(1976). It was an analogy to genes that points out similarities of ideas(memes) and genes in their characteristic on how they self replicate themselves and propagate.
Internet memes can be viewed as the second version(and a more observable one) of this phenomenon that an idea in form of a photo, a video clip, a tweet, or a new way of expression of a word(karen, boomer, sus, fud, fomo, stonks etc.) can have an extreme virality where too many people on the internet can adopt a new idea(a new way of thinking) in matter of days. Internet memes are mostly visual, and if they have the right characteristics, they can invoke extreme popularity with reasonable retention in people's lives. Our approach to memes is that we want to collide our visual NFTs with phenomenal characteristics of memes where we want to create a sub culture of crypto adopters where they are going to become the active users of the protocols instead of buyers, sellers and holders.
4.1.2.1.1.2. Story/Lore
Memes have stories behind them, and those stories create relevance. If the relevance is strong enough it invokes virality and retention. Stories have always been humanity's strong hand to create long living principles by transmitting those principles in forms of religions, myths, tales etc. Storytelling has been strong because humans comprehend concepts more easily when they are in a saturated context.
Our approach to this characteristic of humans, we are going to build entertaining myths to gamify our collective metaverse community building program to make the crypto ecosystem more relevant to perception of average joe.
4.1.2.2. Usage
4.1.2.2.1. Nurturing the community
4.1.2.2.1.1. Lowering knowledge barrier to entry
For something to be used, it should be understood by its users. The technology adoption gets slower the more it gets complicated. To drive adoption, taking an approach of both educating the potential users and driving the complexity down is a fertile approach.
Another approach could be, without driving the complexity down, we can educate potential users by driving the complexity of information down to make it appealing to the general public. This approach is also targeted towards creating an internet native approach to education. This type of education is also based on creating human native learning protocols, instead of aiming towards producing competent individuals for particular industries' deficits(as of now what universities became/becoming).
4.1.2.2.1.2. Use Intuition
Learning is not storing information in our memory, or recalling information when there is a relevant landscape for it.
Learning is understanding something that enables you to navigate in the world by the insight incorporated that you have gotten from that experience of learning.
This does not simply by acquiring information by reading or listening, this only happens when engaging with the reality by the information acquired. This also builds a form of intuition**.**
Our approach is servicing a human native approach of education where we both serve information along with its use case where people practice their use on the go. This way, they unlock their use intuition so they can navigate in the crypto ecosystem and especially in the metaverse smoothly.
4.1.2.2.2. Economical Viability
4.1.2.2.2.1. Introduction
The crypto scene as most people exposed to it knows is a new financial paradigm. It introduces a decentralized more efficient approach to infinitely programmable financial transactions between parties. This enables countless ways of innovation that creates more viable approaches to the global economy in unprecedented ways. We are going to discover these in detail at the Fundamental Building Blocks Summarized section.
4.1.2.2.2.2. Banklesness
4.1.2.2.2.2.1. Low Financial Barrier to Entry
You can start financially exposing yourself starting with as low as $10 to a new economical protocol to kick start your intellectual and financial rediscovery of interfacing with the new global economic paradigm.
4.1.2.2.2.2.2. Global
Your financial exposure is, with the banklessness approach, to the whole world. This is a direct exposure to the all possibilities of financial benefits of all productivity that can be produced in the globe. This is different from being only affected by your nation's abilities of economic advancement. This does not only liberate you from your physical location's limitations, it also introduces you to all human potential that is not bound by any constitution that is set by the establishment of any kind.
4.1.2.2.2.2.3. Cheap
This new approach introduces extreme efficiency where no establishment of any kind whether it be protocols or organizations can have a monopoly on. This means the free market is more free than ever. Since there are no monopolistic establishments that are covered by any nation of any kind(like bailing out banks) market efficiency drives the prices down while raising the yields up according to market needs.
4.1.2.2.2.2.4. Permission less
To be exposed to the new global financial paradigm, you don't have to fill out forms. You don't have to provide your social security number. You don't need approval from anywhere to move value around the globe. This takes out the third parties, and any type of reinforcements on the value you hold on the blockchains.
4.1.2.2.2.2.2.5. Summary
You can use the value you possess in any shape of form in the bankless ecosystem. This unlocks unlimited possibilities of creative ways for you to efficiently produce value in a paradigm that is only driven by pure efficiency. People adopt what is directly beneficial to them.
4.1.2.2.3. Engaging Content
4.1.2.2.3.1. Practice Actuation
Our approach produces events that financially motivate its community members to practice their abilities to navigate in the metaverse.
4.1.2.2.3.2. Call To Action
Motivation of community members are proposed in forms of actionable steps by financial stake reinforcements. This is aimed towards creating a cue, routine, reward mechanism for community members to form valuable habits that are useful in the metaverse ecosystem.
4.1.2.2.3.3. Collective Events
As far as individual competency enhances there also is another trait that is valuable for any given community. Harmony of community members. The harmony is easily achieved by value alignment but there is also a duration needed for people to adopt an interfacing style between each other for smooth social transactions that sets productive squads towards common goals. This is also a paramount property that a given collective is required to incorporate.
4.1.3. Gamification
4.1.3.1. Transactional World
4.1.3.1.1. Bounties
Would you like to outsource something small like a 30 minutes google search to someone else with the same values as the community you share around the globe? Here, put out a 3 dollar worth of a bounty and transact that amount with zero fees instantly inside the community. This also enables you to build relationships starting small that could be fruitful for bigger collaborations in the future.
4.1.3.1.2. Commissions
Describe the job. Put the bounty. Check their previous works they have completed inside of the community and make a trustless payment with zero fees.
4.1.3.1.3. Tips
Tip valuable community members: feedback, comments, contributions you like. Build reciprocate relationships.
4.1.3.1.4. Services
Purchase services from the community members. View their statue in the community by the stake they share with it and insure your satisfaction of outcome.
4.1.3.1.5. Conclusion
The exclusive community that is governed by education, meritocracy and financial staking results in members of the community producing quality transactions that are incentivized to make valuable decisions and rise in the ranks of a value creation based collective.
4.2. Relevant Mental Models
4.2.1 Video Game Socializing
Multiplayer video games require collaboration between players. It has been overlooked by the establishment over the years, but now we see that their practical impact in society and the new generation has this long tail effect where people are just socializing and collaborating with people all over the world for a common goal of, for example winning the round, being successful on a particular task. This is a form of a practical implication that trains people's game theoretical intuition throughout their gaming experience. Our project will produce quantifiable experiments on this mental modal in ongoing development.
4.2.2. Social Transactions
Social transactions can be viewed as implicit transactions between humans. Good manners is a good example of this. People get to know each other by displaying a behavior that has effects on each other that builds social ties between them. The current problem is, these social transactions are extremely entropical in the society, especially in the internet, where there is no long term persistence of the community members that people can build strong relationships with each other. If there would be a mechanism that would keep like minded individuals to have persisting social transactions, it could help building thousands of persisting relationships for each individual. We will also set experiments on this and quantify these with scientific methods by quantifying them with a sociological approach.
4.2.3. Financial Stake Based Statue Signaling
This is what NFTs do really well. People, for the first time, are able to signal their status in a quantifiable way by cashing in to the regular online communities by the way of buying its NFT. You can quantify the financial stake of an individual in a community that builds an objective view of their stake, belief, commitment by a lot of factors by blockchain based tokens. An example:
Someone bought a community NFT when it was 400 dollars, and they refuse to sell it when it is worth 30,000 dollars. This instantly signals to community members that even the person who bought the NFT too cheaply still has a strong belief in the community where they are holding onto their overtly appreciated asset. The scarce and verifiable element of NFT Tokens creates a strong social structure that is signaled through resources is a revolutionary way of aligning individuals that don't even directly know each other but they can see which individuals are more invested in a particular community because they exactly know which individual has more motivations to keep the community afloat.
4.2. Fundamental Building Blocks Summarized and Exemplified
4.2.1. Decentralization
4.2.1.1. Security
4.2.1.1.1. Immutability
Your tokens' ownership cannot be altered on the blockchain. This gives you full ownership of your digital assets. Think this as Instagram cannot ban you out of your followers.
4.2.2. Transparency
4.2.2.1. Complete Supervision
Everybody can see who has the tokens on the blockchain. This makes founders really auditable. Think this as you can see your boss' balance sheet and his profits so you can hold him accountable about why he is not giving you a raise.
4.2.2.2 Accountability
You can only hold accountable people if you know what they are up to. Blockchain enables people to see what value they hold, once it is disclosed by the owners which is common by founders, and where they spend it and how it has turned out. It is verifiable in decentralized fashion which means you don't have to take anyone's word for it.
4.2.3. Interoperability
The tokens on the same protocol can interface with other protocols. Think this as you can import your Twitter followers into Instagram followers.
4.2.4. Speed
You can make instant value transactions with trusted relatively centralized layer 2 solutions that infrequently update the transactions on a base more secure protocol like Ethereum. Think this as carrying 100,000 dollars in a bank while holding 500 dollars cash in the wallet.
4.2.5. Governance
4.2.5.1. Chosen Dictators
4.2.5.1.1. Representation
Protocols have dictators as founders. They represent the protocol by their competency and they dictate where it goes. Think this as you like the service of Amazon and Jeff Bezos is what handles it to be as efficient as it is.
4.2.5.1.2. Optionality
4.2.5.1.2.1. Forks
Protocol is open, if a part of community members don't like the protocol's dictator's way of doing stuff they can instantly copy the project and continue where they left from the tokens they hold in existence.
4.2.5.1.2.2. Snap Exit
You don't like the metaverse formation of the current community, then you can instantly sell your tokens and navigate somewhere else. Think this as selling your stock when you lost interest in a company, or instantly moving to another country with no drawbacks.
4.2.5.2. Meritocracy
Since the protocols are driven by efficiency, the smarter the moves you can take the more power you will hold by its efficiency. Anybody in the community can instantly fund your ideas if they think it will be efficient and this will result in the efficient person holding more power in the protocol. Think of this as allocating funds to the particular senator to raise their voting and influence instantly.
4.2.5.3. Market Judged
Since the protocols are judged by markets from day one, you can view the efficiency of the protocol day by day. This forms a semi-anarchical formation where your power is not given by the establishment you have produced, it is under question everyday by the impact you have on markets. This is self evident and doesn't need an analogy.
4.2.5.4. Infinite Game Structure
Community members are now playing a value game between each other. They are transacting, funding, judging the value everyday. This assists building long term relationships judged by value, not statute. Think this as you can see every and each person's contribution to society from day one. This is possible via blockchains.
4.2.5.5. Rewarding Vote Mechanism
The vote you have taken with the tokens you have provided would have a direct effect on your value in the community. Think this as the people who voted for the good policies that were beneficial to the society get quantifiable rewards proportion to their impact.
5.1. Relevance of Game Theory
Members of society have incentives that motivates them to collaborate with other community members. These incentives make unstable deals in short term relationships where the parties are trying to maximize the gains they can get from the given commission because they will not be dealing with the same agents in the future. This is apparently multiplied by the internet by its native entropical atomic relationships and geolocational barriers.
According to game theory, the more a relationship is destined for the long term, the more that relationship is stable because parties are incentivized to negotiate fairly that sets a good grounds for future transactions between them.
Our approach is creating a cone community where people of the internet would be able to build value based long term relationships that maximizes fair negotiations of members of the internet community by our DAO structure. Creating immutable transaction histories of community members where new participants can see the historical structure of the transactions and assess the current long term relationship formation of the given metaverse community in their decision making process on which parties they would like to cooperate that is relevant to their expectations and goals.
5.2. The Standard Games Online Community Members Play
5.2.1. Virtue Signaling
In online platforms, people pronounce widely recognized politically correct discourses to gain social status among their peers. It is consistently becoming a trained habit where it creates groupthink tendencies in the society that takes away individual original thinking abilities. They are constantly trying to signal their virtue that fits the contemporary view where the good portion of the society is missing the point that today's contemporary, tomorrow's ignorance.
This virtue signaling is usually dishonest and deceptive because it is easy to produce. It is easy to make just by proclaiming a particular view. If a signal is cheap to produce, there is a lot of it on the market which makes it low worth and it makes it hard to pick up in the crowd because there is too much of it.
We view this form of signaling as unproductive and useless.
5.2.2. Value Signaling
Value signaling is not that of a term which is widely used, because there is so few of it. Basically, anything that creates value, signals value. It is easy to pick up because it is easy to quantify. We are fond of value signaling, which has many different forms, because it sums up an objectively positive value to the parties exposed and to the overall society.
5.2.3. Zero Sum Games
Status is a zero sum game for example. There are mostly social games and they are inherently zero sum games. To gather status value, you should win against someone, not win with someone. These games are mostly short-lived games. These types of games create contradiction more than collaboration. We need status games in the society to see who should be in charge in particular matters, but we believe climbing in the status games shouldn't happen by removing someone from their place, instead it should happen by creating more value and naturally getting to a newly created higher rank.
5.2.4. Positive Sum Games
Positive sum games are the best games that ever existed so far. Basically, it is a game that creates value for all parties. When there are positive sum games present, every participant of the game is gaining value from the game regardless of their position. The amount they gain would be proportionate to their contributions but they would gain some value anyway.
Technology is a good example of this. Antibiotics are a good invention for all society members. Cars, planes, phones, efficient ways of production etc.
Positive sum games can only be sustained by the long term thinking parties because they will be interacting with a lot of different agents. This would require that all the other agents should be able to get some value out of it because first, they would keep playing it and second they would not go against it.
We are fond of these types of games driving long term human creativity and productivity that result in overall benefits for the whole society.
5.2.5. New Approach: Adding all up: Virtue, Value, Zero Sum and Positive Sum Games
Our structure enables us to signal Virtue and Value at the same time. It will also enable people to play semi-Zero Sum games as well as full positive sum games. We can simply list its features like:
5.2.5.1. Virtue Signaling & Value Signaling Mixed:
Buy the NFTs or Tokens that signal your ideas. Stake your money to the community you support. Signal your virtue with your token, signal your value by the resources you have invested in the community. This is a revolutionary version of producing these types of signals because, you can both be virtually included to the extensive communities you support and you can stake your resources to those communities' future success where you can also capture the upside of that success quantifiably.
5.2.5.2. Zero Sum and Positive Sum Games Mixed:
Get into a community of your choice and provide resources. Provide value and raise up your community's influence over time by its free market valuation. The more a community's influence increases by its value provision to the free markets the more you raise up in the ranks of quantifiable values of market judged communities. A community that collectively provides more value over a new protocol is a positive value creation. Since it is also an open source community protocol, other people can implement the same type of solutions as much as they please. This also breaks the monopolistic nature of mob culture that is enabled by the establishment around it. There would not be establishment enforced zero sum games, there would only be market valuation based individually enforced monopolies, where the monopolistic structures become more and more meritocratic instead of diplomatic.
This is a more detailed subject to discover but it is out of the scope of this whitepaper. We are going to cover this at ongoing development.
6.1. Collective Consensus on Value
6.1.1. Inherent Economical Alignment
6.1.1.1. Introduction
Online community tokens in the form of NFTs introduce something that previous online communities didn't have: economical alignment based on the same personal interests. What do we mean by that? When there is a community that has been kick started by an NFT collection with a theme that a particular segment of people would be interested in, they can invest in communities they would like to be a part of. For example:
You are interested in cyberpunk art and there is an online community that is launching a 10.000 pieces collection that consist of cyberpunk themed graphical NFTs. The pieces of the collection signals the taste of the community that an average human can understand more easily than buying an ERC-20 token because they are holding a partly subjectively valued piece that they can see and value based on their taste.
This enables community members to have a financial stake in the online communities they would like to be a part of and motivates them to improve its overall quality. Buying a piece of the collection also quantifies their interest in the community as well. This alignment and verifiability of someone's concern and stake of the community was harder to achieve before setting a programmable graphical token, such as an graphical(picture) NFT because the fungible tokens of communities is harder to perceive than holding a distinct token as Non-Fungible Tokens, NFTs.
6.1.1.2. Self Regulating Collective
When you look at the NFT holders of the online community members, you can see an obvious but not widely recognized trend. The token holders of those online communities are now financially aligned to the point they turn into a self regulating collective. What this means is, they are working for the community's success for their tokens to appreciate both internally and externally. The microeconomics principles push them to be held accountable for the community's behavior. Internally, they become more kind, more diligent and more welcoming. Externally, they promote the project, trying to recruit other members to the online community and even create content for the project without direct compensation from the founders.
These were apparent before NFTs as well, but NFTs recruit more people by their more intuitive adoption characteristics by reuniting people with the same field of interests.
We are aware of these and we are going to leverage these by creating sustainable incentives on top of these.
6.2. Collective Value Creation
6.2.1. Investing
When there are aligned community members where the whole idea of this community is becoming long term members of that collective, investing turns into funds where the competent researchers shine by their track record as along with their strong connections those documented at the transactions of that particular token contract.
6.2.2. Founding
Founding becomes easier when you have reached the funds. Reaching funds becomes easier when you have been judged by a wide variety of people that share the same field of interest and value with you. Their judgement of you and your ideas also mature over time through long term games played in the community that you can get funds to your ideas overnight.
Also, long term games on the scale of the internet helps you to know who is capable of what. This enables you to co-found with the right people and recruit the talent right alongside with it.
6.2.3. Informing
The current world structure of information on the internet is completely self motivated which means people share the information according to their goals and most of the time they manipulate the information that helps them achieve their goals as well.
When there is a long term structure of a community, information sharing becomes more credible and more qualified because each and every contribution is going to pay dividends to the value of the community and to its provider. This better incentivized structure is superior to the usual media company structures where the incentives are towards maximizing the revenue through agitative information provision or biased views of paid advertisements.
6.2.4. Developing
Positive sum for the community members induces more development. More development induces more positive sum for the community. The long term structure of a community introduces exponential scalability of the development of any kind of innovative concept.
6.2.5. Building Long Term Relationships
Building long term relationships to scale our Infinitely Iterated Games structure is what we are focused on. We believe that when the people, agents, and different parties align for the long term collaboration, the improvement of efficiency comes naturally. This is already proven in the global markets over and over again. What we are focused on is creating a scaled way of Infinitely Iterated games through our and other online communities where we can bring quantifiable positive sum games to the whole scale of the internet. We believe the entropical structure and information based internet attention economy can be structured into lifelong games through metaverses. The whole point of ours is, building a protocol that enables human creativity and collaboration on a mass scale.
We believe this takes a multi disciplinary approach that comes to life by iterations by collective effort to create aligned incentives, values, standards for its participants, meanwhile not monopolizing the structure as Facebook, Twitter or other metaverse like landscapes did. We want to create an open protocol that the beneficiaries of this structure would be anybody who would be part of its structure in their own choice of exposure. This doesn't mean we don't want to capture the value for ourselves as well. This means that as we believe in positive sum games, this approach would create more value for us and the others alike compared to keeping a walled garden as traditional company structures are formed which also creates contradictions of resource allocation struggles.
Let's win and make others win within.
6.3. Collective Sovereignty
6.3.1. Total Legitimacy
When it is carefully scrutinized, what we are offering is a cloud state-like formation that has capable leaders with meritocratic participants around them. What renders the legitimacy of those leaders, first their competency is judged directly by the market structures, second you can change your cloud state/DAO structured online community in an instant instead of a regular state you live in by selling your stake in the community and leaving it for good.
This renders the choice of the cloud state %100 legitimate by the vote amount rather than a regular democracy in which the leaders are rendered legitimate by little over half of the population.
This makes community members more sovereign by extreme optionality.
6.3.2. Social Safeguard
We all are introduced to the mob rule of the internet culture. Partisanship mongering media companies enrages the internet mobs to gang up on people on the internet because they disagree with a notion some groupthink formations share.
Long term aligned internet relationships can safeguard these individuals against the chaotic mobs that form in a day and scatter purposelessly. This introduces more sovereignty to the individual as much as the online community itself.
The weak currency of enragement that the scaled mobs share replaced with long term formulated long term collectives.
6.4. Collective Financial Value
6.4.1. Bulk Negotiations
6.4.1.1. Purchases
Think about a community that makes financial decisions with each other. This opens a possibility for them to make cooperative financial purchases together. For example: Think about how you want to buy a subscription and it is 20 dollars a month. And you have a community that has 10.000 members in it and 1000 of them have already bought into that subscription. You can easily negotiate with the company by cooperating with the long term community members to drive the prices down by let's say %30. You instantly saved 6000 dollars a month collectively, just by one bulk purchase. You can fund a project in the community, practically for free, and take a shot for advancement of the community as well as making an upside along with it.
6.4.1.2. Other Possibilities
Bulk negotiations create a lot of possibilities that sovereign communities can leverage its efficiencies. We are going to develop different solutions in this area. Some examples could be: Insurance Packages, Legal deals with governments, provision of airbnb like living spaces for all around the world, mobility solutions for nomads etc.
This is a really exciting way of producing yield just by leveraging a community's power without effort. More on that in later papers.
6.5. Wisdom of Crowds
Collective opinion of a group of individuals proven to be better than a single expert when it is judged by the free mechanism like free markets.
Wisdom of crowds in markets is already a good mechanism of judgement, but imagine that collective wisdom when it is leveraged by cone culture that pushes those individuals' members to be more meritocratic, efficient and prudent.
Here, our first whitepaper version 1.0 is finished. Our next step is: we are going to initialize a crowdfunding launch of the Infinitely Iterated Games, $GAMES, ERC20 token.