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closedEnded 3 years ago ยท Snapshot (Offchain)

Build HashVerse on its own chain, with HFT as utility token

By 0xfD79...A3E257

Simple Summary: Build and deploy HashVerse contracts on a dedicated chain (could be a side chain). Use HFT as main utility token.

Abstract: There are multiple chain choices that we can make when building the HashVerse. For example, it could be built on Ethereum, Polygon, or Avalanche.

Learning from past experiences (see Otherside mint), the TPS of the metaverse is going to be limited by the TPS of the chain that it runs on. Many popular apps (BAYC, Wolf Game) have spiked gas prices in the past, making UX quite terrible for their users.

As a further example, Avalanche introduced subnets to solve for this exact problem. DFK is a great example of how a subnet can work independently and not clog the entire chain, while sometimes achieving higher TPS than the base chain.

While this proposal DOES NOT suggest a solution for which technology to use, it suggest that HashVerse lives on a separate chain, and HFT is the utility (gas) token on that chain. On top of better UX, this greatly increases the utility of HFT.

Together with that, a few fundamental pieces of infrastructure would also have to be built:

Cross-Chain bridges for NFTs Cross-Chain bridges for HFT Native NFT marketplace in the HashVerse Motivation: This proposal aims to both create better UX in the HashVerse (cheaper, faster transactions), as well as increase HFT utility.

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0
Votes 484
VoterCast PowerVote & Rationale
0x8f96...115819
115,774

No

0x8F0f...B254c2
94,450

Yes

0x0DE0...a3DA36
62,467

Yes

0xA93d...80695F
58,077

No

0x5e31...ff7478
43,775

No

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VOTE POWER
0
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Proposal Status
  • Sun November 27 2022, 11:06 pmVoting Period Starts
  • Tue November 29 2022, 11:06 pmEnd Voting Period
Current Results

1-No

376,913.543

53.83%

2-Yes

323,336.531

46.17%
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