Detailed Plan
"Show me Cardano! Where is it? Don't you dare point me to Crypto-Twitter!"
Tech Town Cardano (TTC) is a virtual real estate platform with the primary purpose of cultivating and showcasing the robust talent and real life utility within the Cardano ecosystem. TTC is many things, it's a hybrid of virtual real estate, developers incubator, a hub for investors from outside of Cardano/ crypto who can find real life utility for their businesses on the platform. Game like design allows people to be more "playful" and creative even when going for an important business deal. Developers have all the freedom to learn, experiment, build up their property and sell their services. Random guests are welcome to visit TTC, join events, shop, just roam around, meet other players and even get access to open source information /educational materials.
In recent years a boom of virtual real estate with the biggest platform Decentraland shook the world. Though these platforms have been criticised for having practically no real life utility, perceived as another "bubble", there are many sings of an exponential growth of virtual real estate in the nearest future for a number of reason. COVID lockdown showed how much certain businesses have a need to move to an online space and use a platform that can provide customers with an interactive online experience.
"Investing in digital real estate captures all the positive aspects of derivative trades (asymmetric reward-risk) without the bad (recourse margin/debt), and is also an uncorrelated asset class that offsets market volatility. Although it was previously believed that cryptocurrencies (especially BTC) were like digital gold, backtesting has shown that crypto assets behave differently from gold, equities or bonds. Hence, it's an extremely useful portfolio diversification tool." Janine Yorio (head of the real estate group at Republic and the Republic Realm fund, a digital real estate NFT fund).
Virtual real estate platform on Cardano has many advantages compared to other ones: 1) Because of PoS protocols, it can be presented as a more environmentally friendly platform 2) undeniable reputation of Cardano community and highly competitive road map 3) A new wave of DApps meeting rising global needs will be powered by Cardano strong scientific/creative community and Project Catalyst funds 4) Cardano´s strong decentralisation will make the platform more transparent 5) Blockchain standards make the platform less prone to fraud
Let's take a walk through Tech Town Cardano. As we enter the website we can either be a guest or "become an owner". The map of TTC is a circle with plots of land and several "public areas" that are represented by Cardano logo pattern. You can customise your own avatar and start exploring. By January - February 2022 we can already discover a simple map with some infrastructure and main tools/workshops that allow new developers to learn and start building property on the plots. The map is "open" only partially. 1.000 plots are in the game by now. As the time goes on we will be able to discover both simple and eccentric digital property built by developers and customised in accordance with their goal on the platform. Another 1.000 plots are opened up and we can see first investors hiring a "construction team" for their plots. They can use the plot/property to showcase their dapps to potential investors, create a store, have a VR tour for real estate business clients, monetise their skills/services, etc. The idea is to give a boost to a big labour market on Cardano by bringing a significant amount of investors who have "real life businesses" and can profit from the utility provided by TTC. Some of the business type examples: real estate, construction companies, designers/ interior designers, digital marketing, lawyers in crypto space, eco-products, etc.
All features in this proposal are subject to change. For now we envision 10.000 plots in total existing on the platform. 5.000 plots of land will be reserved to Plutus Pioneers, other blockchain developers and individuals highly invested in Cardano who are interested in fostering and ushering in a new paradigm of real life blockchain utility. These plots will be sold for a minimum fee (50-150 ADA) to those who can demonstrate that they will invest themselves into the platform, offer a project that they can build up on their plot in next months. There will also be a promotional campaign with the purpose to bring in developers from outside of Cardano. They will also be able to get a minimum fee plot if they sign up for becoming a Cardano developer.
Taking into account the growing demand for developers on Cardano - the platform serves as an incubator for new specialists -small fee plots boost the amount of people who would want to invest themselves into the platform.
Other 5.000 plots will be sold to investors for a much higher price in order to create funds necessary for further platform development.
"Last question before I go shower, can anyone make a real bull case for $ADA? Does anyone build on it? Use it? Why is market cap so high?" Mike Novogratz. Mikey, what about taking a bathtub in your new TTC penthouse?
Open-source and decentralized, TTC may be best thought of as central hub for blockchain developers, dreamers, gamers, entrepreneurs, investors, educators, merchants, artists, and all out awesome people to meet, interact, and build.
"What matters in the virtual world is bringing humanity and life to something flat and pixelated, drawing players somewhere, and then encouraging them to return and interact. (These settlements are often called "clusters of content.") In the virtual world, ingenuity and design matter far more than location and budget." Janine Yorio
Still we want to have a real life haven for TTC. We plan to raise funds in order to acquire an island and build facilities that can host 50 people at ones, it will be a hang out place for TTC developers. The island will be fractionalized and randomly given away to developers in form of NFTs (through a quest or hiding them inside the plots). This way developers will get a partial ownership of TTC Haven, and its NFTs price will go up with the time. They can always sell these NFTs to smn else in TTC developer community for a profit/ funds for their project.
So far it's been an exciting journey for us and we have a lot of other suggestions and details that are yet to figure out. We are looking for people who are going to bring in some craziness of their mind and soul, become part of our core team. Bold guys, smart gals, tech savvies, blockchain kick ass developers, designers, people with some big $, funky monkeys - all are welcome as long as you can kick some ass!
See "Attachment" pdf file with self-assessment checklist details stated, questions we need help with before submitting final proposal and a draft of a road map.
Cheers!