READYgg | Web3 gaming | Decentralized Autonomous Organization (DAO) | Crypto Deep Dive

Executive Summary

READYgg is dedicated to ushering in the next era of online gaming by facilitating the transition of the initial billion web2 game enthusiasts into the realm of web3. Their mission involves providing comprehensive support to game publishers and players, ensuring that the shift from web2 to web3 gaming is effortless, smooth, and financially beneficial for everyone involved. READYgg vision is to establish a collaborative gaming ecosystem characterized by collective ownership, decentralized decision-making, milestone incentives, cross-game utilities, blockchain technology, and the integration of NFT-based user-generated content. This holistic approach aims to enhance the overall gaming experience for developers, players, and content creators alike.

Features

Integration with a utility token significantly enhances various functions within the ecosystem, benefiting key stakeholders such as developers, creators, and players. Each stakeholder’s experience is optimized through the incorporation of a dedicated token. From a broader perspective, the use case can be briefly summarized as follows:

1. Dev to Earn – Developers can issue rare items, whether in the form of in-game currency backed by NFTs or unique in-game objects with scarcity and ownership rights, also supported by NFTs. These items are a strategic tool for developers to incentivize player behavior by implementing “play to earn” mechanics within their control.
2. Create to Earn – Creators, including artists designing rare items for sale, can seamlessly produce and offer these items for sale. Developers can choose to integrate Creator content into their games, categorized by hashtags that act as storefronts. Collaboration with Creators allows developers to build in-game virtual goods economies. As owners of these items, players can trade or sell them in-game or through third-party marketplaces, fostering a robust economy for virtual goods.
3. Play to Earn – Players, through their in-game actions, can acquire rewards set by the developer. This “Play to Earn” model enables dedicated players, referred to as “good players,” to generate tangible rewards over time, including game assets or premium in-game currency they can sell.
4. Layer Zero – Facilitating complete “account abstraction” for players and publishers, the system ensures seamless migration of game assets, player identities, and inventories between Layer 1 and Layer 2 blockchain providers. This transition occurs without disrupting the gaming experience for publishers or players, emphasizing the smooth interoperability of smart contracts across different blockchains. The Ready API, characterized by its platform-agnostic nature, extends support for events across mobile, desktop, and console platforms. It enables cross-game interactions and facilitates cross-platform play, enhancing the overall gaming experience.
5. Fuseblock – The Ready Fuseblock seamlessly integrates a smart contract abstraction layer, preconfigured for effortless setup within the developer’s dashboard on Ready. Tailored for simplicity, Ready’s Fuseblock is designed to empower game publishers by facilitating the minting of assets in a chain-agnostic manner. This sophisticated approach streamlines the asset creation process, providing developers within the Ready ecosystem with a user-friendly and efficient tool for their creative endeavors.

Market Analysis

The gaming market stands as a colossal industry poised for substantial growth. Projections indicate that the Online Gaming Market is anticipated to surge to $431.87B by 2030, boasting a Compound Annual Growth Rate (CAGR) of 19.6% throughout the forecast period from 2023 to 2030. This expansive market surpasses the realms of movies and television in significance. The gaming industry’s enormity is matched only by its promising future.

The infusion of blockchain and Non-Fungible Tokens (NFTs) has introduced a novel dimension to gaming, marking the inception of a transformative era that still holds considerable potential for further expansion. Despite being in its early stages, this amalgamation has a substantial growth trajectory ahead. However, the gaming landscape has challenges, as it is currently characterized by intense and relentless competition among industry players vying for supremacy. As the market continues to evolve, navigating this competitive terrain will be a crucial aspect of shaping the future of gaming.

Key innovation

Layer 3 Software as a Service (SaaS) – offers game developers a seamless experience, allowing them to incorporate essential elements to bring games onto the blockchain. This integration ensures that players do not need to exit the game at any point during their web3 onboarding process. Their solutions, which include Unity and Unreal SDKs, aim to streamline the integration process for developers, facilitating a smooth connection with the blockchain.

Layer 0 Interoperability – READYgg focuses on achieving complete “account abstraction” for players and publishers. This ensures that game assets, player identities, and inventories can seamlessly migrate between Layer 1 and Layer 2 blockchain providers, eliminating any friction in the gaming experience for publishers and players. This interoperability extends to smart contracts, fostering a smooth exchange of data between different blockchains.

READYgg Adoption

READYgg boasts an impressive lineup of games featuring studios such as The Game Storm Studios, Sambrella, N Age Games, and more. This robust collaboration signifies the potential use cases and validation of READYgg within the gaming industry. The partnership with these studios underscores the platform’s appeal and credibility, positioning READYgg as a promising player in the gaming ecosystem. With such notable collaborations, READYgg is poised to deliver a diverse and engaging gaming experience, further solidifying its standing in the market.

Team & Investors

David Bennahum is the CEO of READYgg. The team possesses a wealth of expertise and experience, with a collective background in the blockchain and gaming sectors. Demonstrating a robust skill set, each team member brings a wealth of knowledge acquired through hands-on involvement in the dynamic landscapes of blockchain technology and the gaming industry. Their combined proficiency positions them strategically to navigate the complexities of these innovative fields, ensuring a high level of competence and insight in their collaborative efforts.

Investors

READYgg boasts a distinguished roster of investors, including reputable names such as Bitkraft, Hashed, Tribe, IOSG, Spartan, Mapleblock Capital, and Polygon.

Tokenomics

$RDYX serves as the native token within the READYgg platform, leveraging cutting-edge technology to ensure a smooth and efficient transaction experience for all participants in the ecosystem. Early members are rewarded with ecosystem benefits and enjoy incentives and a token pricing structure strategically designed for long-term growth.

$RDYX has a fixed supply of 1 billion tokens.

Utility

Governance Rights: Within the READYgg ecosystem, a Decentralized Autonomous Organization (DAO) structure is implemented, affording $RDYX stakeholders a proactive and influential role in all decision-making processes within the ecosystem. This ensures a democratic and community-driven approach to governance.

Efficient NFT Minting: $RDYX is pivotal in supporting large-scale, cost-effective NFT minting processes. This capability empowers developers and content creators to seamlessly construct game items on the blockchain, achieving unprecedented efficiency and expeditious creation timelines.

Cross-Game Ownership: Serving as the gold standard within the ecosystem, $RDYX facilitates the unrestricted movement of in-game items across various games. This unique feature establishes a robust framework for seamless and trustworthy ownership transfers, fostering a dynamic and interconnected gaming experience for participants within the Ready ecosystem.

Conclusion

Navigating the complexities of the Web 3 domain can be unfamiliar for many, yet it harbors significant potential. READYgg has established an optimal environment to facilitate the evolution of games into Web3, aiming to deliver an unparalleled experience for gaming communities. With the most comprehensive Web3 game development tools, it supports all games, platforms, and player demographics. Positioned to cater to a substantial market, READYgg distinguishes itself through innovative features, already boasting active partnerships with games and an intriguing roadmap for the future. As a pioneering force, READYgg stands at the forefront, poised to shape the landscape of Web3 gaming.