Detailed Plan

Twitter Friendly Solution

Vast number of Chinese wallets cannot spend or move their crypto in time due to crackdown. It is dormant money. By creating a Chinese targeted Cardano NFT mobile game, it creates a way for them to spend it.

Background

Asia has more crypto ownership than all other continents combined.

The recent crackdown in cryptocurrencies in countries like China and Iran, has forced miners to look elsewhere. Although many institutional monies have moved out, there are still many individual holders who remain in China and cannot cash out their money.

The Gap

3 out of 5 top app spending countries are from Asia, with China leading with $30bn USD in 2017, double the figure of the 2nd place - the US. on $15bn. It is projected in 2022 that Chinese spending will reach $60bn, America $29bn and Japan $20bn.

The Chinese crackdown is aimed at official bodies and shops that are based or providing a service in China. Those establishments cannot conduct any business activities in relation to cryptocurrency. This does not limit any public member who already hold a virtual wallet that operates outside of Chinese soil functioning.

This means funds currently sitting in those oversea wallets held by Chinese public cannot be cashed out, but can still be used as it is not illegal to hold, and government cannot stop transactions happening outside of China.

A big part of the project’s target audience is aimed at those public, offering a way to spend the stuck capital. As far as Chinese Government’s concern, this project is just providing a gaming platform.

Adoption

Currently there are 8.9 million of mobile apps, and China constitutes 40% of app spending. By developing a play to earn, free to play NFT game that suits the Asian appetite, we can tap into the dormant funds and inspire the adoption of Cardano.

Vision

Initially, a website will be developed with the sale of limited founding NFTs for Ada. There will be no marketplace development for the project, but people who bought from us will be able to sell it on a marketplace - CNFT.

The money accumulated from the sale of founding NFTs will be used to develop the next stage of the project - the first phase of the game, which will be coded with Rust langauge. As development progresses, there will be more rounds of funding NFTs for sale. When the game is mature enough, it will be duplicated onto the mobile platform. This will open new revenue streams to fund the game development on a larger scale.

The game will be dubbed as a major Cardano NFT game, sparking the interest of people.

Team

I am a Project Manager within the IT industry for over 4 years. Ran end-to-end bespoke systems and websites projects for clients. Being in a consultancy has given me the opportunity to build a wide array of IT professional contacts. As a native Mandarin speaker, I also am able to liaise with cost effective Chinese IT resources and communities to help shape the project.

4 artists have already started working on illustrations. A Front-End and a Back-End Developer have been identified to deliver the website. I am also in contact with NFTMaker Pro, who has agreed to collaborate.

Roadmap & KPI

Progress So Far

• 3 artists commissioned to create character illustrations
• 1 artist comissioned for environment art

Phase 1 -(2 weeks)

• Website wireframe creation, UX refinement
• Liaise with artists in creating compelling illustrations
• Admin of company setup

Phase 2 - (~2 weeks for the website, ~4 weeks for the artworks)

• Website building, API testing
• Artwork revision and finalisation

Phase 3 - (~4 weeks, in conjunction with website development)

• Blockchain developer work on integrating the site with the blockchain. Setting up NFT creation and sale function
• Work with NFTMaker Pro in creating bespoke API

Ongoing

• Market the website and tease illustrations
• Community engagement

Definition of Success by Milestones

[MVP] By month 3:

• A fully functional website where potential players can purchase limited edition founding NFTs

• Ideally the Public Launch Date will be before the end of 2021 since a lot are already set in motion

• Integration with CNFT marketplace & NFTMaker Pro

• Users will be able to see the development roadmap on the website

By month 6:

• A trailer of the game will be available
• Recruit full-time employees
• 2nd round of founding NFTs will go on sale

By month 9:

• Closed Beta testing of the game, tweaks and refine
• Release of the first stage of one of the most anticipated Cardano NFT games
• 3rd round of founding NFTs will go on sale

By month 12:

• Mobile version development will be set in motion
• Company running at full capacity, focus on promoting cardano NFTs

MVP Cost Breakdown (3 month goal)

• Commission 3 Artists to create characters, 1 for website artwork - $9,000
• Website development, ongoing maintenance, domain fee - $3,000
• Blockchain Developer to integrate backend to website - $15,000
• Fee to setup company and legal - $1,000
• Marketing - $2,000 plus self-fund