Business Revenue Models on the Metaweb
The following are some of the business models that developers can start experimenting with and building when they have acquired early knowledge and influence of the Your Earth DAO metaweb service. To start making meta-applications in YED, developers must check the Developer Documentation section of the YED for information on how to get access to the following:
- Acent metasite/app Alpha tester developer program, and
- Acent crypto engine application interface developer’s guide
Keep in mind that the full expression of the Acent parallel reality simulation web service technology is not limited to the following models, and the descriptions below are simulated scenarios that we can imagine at this moment. Some of the following information is already being built on YED as a base infrastructure layer technology, while other parts are still a work in progress. How the metaweb will ultimately evolve to influence and shape our new realities, in the long run, is a question yet to be answered by the people.
- Default traffic revenue – NFT lands with higher traffic revenue can advance to higher G-levels, thus mining more EDAO ARC20 tokens compared to NFT lands with lower traffic revenue and at lower G-levels. G-levels are spot levels of the YED land that are graded depending on the foot traffic they generate. This means that the more relevant a space is and the more activities a user conducts on their lands, such as NFT sales and advertisements, the higher it will move on its G-levels, and thus the more EDAO governance tokens can be mined. This mechanism would incentivize the landowner to continue developing the spot of land (or meta-site) in the YED in order to attract more visitors, raise its G-level, and mine more EDAO tokens.
- Business Incubation through Tokenization on the Acent blockchain – Tokenization via Acent is a powerful business incubation feature for companies and projects looking for a way to join the gamified web environment. Companies that seek funding and promotions to kickstart their vision may take advantage of this feature that is provided in association with the DAPPX platform’s launchpad capabilities. This can be accomplished through the use of Acent blockchain ARC-20 (ERC-20 equivalent of Ethereum) token standards, which may increase Acent’s market capitalization while allowing new projects to be created, shared, and promoted with Acent’s decentralized immersive web service users through the DAPPX service. DAPPX is the central service hub for gaining access to launching, promoting, pledging, and earning services for businesses. This is possible through its unique architecture, which can connect Web 2.0, Web 3.0, and the metaweb environment in a seamless consumer-grade product experience. More on this will be released in the soon-to-be updated DAPPX 2.0 white paper.
Tokenization distributes ownership, revenue, and business governance among various stakeholders, allowing anyone and any business to participate in the platform. It promotes Decentralized Autonomous Organizations (DAO) within YED. To gain access to the YED platform’s fundamental business features, such as funding campaigns, basic marketing, and e-commerce payment gateways, tokenized businesses must apply for a developer account on the DAPPX platform.
The most advantageous aspect of tokenization is that anyone can literally copy and paste a real-world business environment into YED’s metaweb. More information about how to start incubating a business will be posted on community updates in the near future.
- Business development within meta-spaces – Owners of NFT land can establish their businesses in the YED. Each business will have its own unique Metaverse Resource Locator (MRL), which is analogous to a URL link. While the URL directs buyers to a traditional website, the MRL directs buyers to a spot of YED land, where a certain metaverse store, showroom, or meta-application gateway is located. This is where they can order, for instance, a wearable item, skin, or any item, and expand services to have it shipped directly to their physical home in the future if the business owner sees XR commerce as a lucrative expansion opportunity.
There are numerous other ways to start a business within the Acent-powered meta-web space. As users develop their NFT land within the YED meta-service, traffic may naturally flow toward a well-developed land with active meta-sites seeking legitimate rewards and revenue. As the service matures, these and a plethora of other business models will materialize.
- Acent DEX listing – The Acent official decentralized exchange is critical for the natural growth of alternative economies within the new web. Acent DEX will enable liquidity pool ownership, swapping, trading, and farming of business tokens, non-fungible tokens (NFTs), meta-commodities (described below), tokenized major cryptocurrencies, and a variety of other investment markets within a fully decentralized financial environment. It can be thought of as a stock and commodity exchange for the new web fabric, with assets traded on the Acent blockchain and policies enforced through decentralized governance systems. Additional information will be disseminated gradually throughout our community.
- Deployment of meta-applications – Acent has a unique architecture that supports the deployment of various types of meta-applications, including those created with the Unity and Unreal Engine software by any third-party company that wants to create their business on the metaweb. A quick way to understand this is the way companies create revenue by selling their games on Steam or Apple’s Appstore. However, developers on the metaweb would be able to generate income per game match through fully interactive high-end play-to-earn games rather than per sale of copies.
Meta-applications that use Acent blockchain technology as the base layer can be launched in DAPPX – the Acent’s project launchpad and a one-stop NFT marketplace supporting multiple cryptocurrency networks. Developers of decentralized apps such as P2E and YED meta-apps may take advantage of the online marketing services provided by DAPPX and reach audiences through the front-end outlet provided in the marketplace for users. DAPPX is being built to become the decentralized equivalent of a one-stop application store such as Google Play or Apple App Store in the metaweb.
- Revenue from NFT interactions – The NFT market exceeded US$40 billion in 2021 and is expected to be worth at least US$80 billion by 2025. Acent will be at the forefront of NFT development, adding value to both developers and users. For instance, aside from the NFT lands in the YED, Acent is creating Pylons, a utility NFT that can mine NFT meta-resources. This and subsequent NFTs will be available in limited editions on the OpenSea marketplace and DAPPX. Showcasing utility NFTs that have a real functional purpose is our main goal.
- User-business collaboration revenue – The immersive, decentralized, gamified web will open up new avenues for business collaboration. YED welcomes strategic marketing, referral partnerships, “white labeling” of products and services, co-branding, and other forms of collaboration. Users who want to use the Acent blockchain technology to mainstream their services on a blockchain (for example, e-commerce applications who want to sell functional NFT versions of their goods) can deploy their sites in 3D object-based meta-sites to increase user interaction and value proposition by adding a layer of immersion into their business models.
- Service Fee Revenue (concerts, exhibits, etc) – YED’s digital museum, concerts, and 4D motion picture entertainment services can be white-labeled and used to host a variety of concerts and exhibits. Admission tickets will be sold in ACE cryptocurrency to allow the general public access to the YED metaverse. This is an exciting way for YED citizens to enjoy the YED meta-space.
Business Development Case Scenarios
Below are the hypothetical scenarios of businesses that can be developed under the YED and Acent ecosystems. Most businesses in the physical world can be transferred and expanded to YED as they transition into a simulated parallel reality environment as a service. Over time it is hoped that users will recognize the Acent metaweb as the standard for a business environment devoid of space and time limitations.
Business Case Scenario 1. Tokenization of business
A team developing a metatube on the metaweb decided to tokenize their business in the YED. Metatube is a VR-based 4D immersive spatial video data sharing and streaming service with social media content delivery features. They spend a certain amount of Acent to gain access to the YED platform’s fundamental business features, which range from basic DAO structuring, marketing, launching, and funding to e-commerce payment gateways.
This small team’s metatube service is being developed using the Unreal Engine. They submitted it to Acent’s developers’ program as a meta-app. This meta-app was deployed on the YED spot of land they owned following technical auditing and approval by Acent’s developer auditing service.
After a few weeks, healthy traffic of YED citizens flocked to the metatube to create, share, and consume 4D motion picture content, resulting in several decentralized sponsored advertisements that monetized their platform. Overall, this resulted in the creation of several monetization routes for the team and the users, meta-citizen participation, and the Acent blockchain team. In addition to this, part of the paid service charges goes back to the holders of EDAO tokens who have access to the UBI earnings pool.
Business Case Scenario 2. User/business collaboration revenue
A well-known shoe brand was excited to learn about YED and how it enables businesses to enter the metaverse. They utilized the metatube and decentralized ads to promote their content. Following a positive response from the metaweb audience, the owner of this company decided to convert one of their sneakers into an NFT. They partnered with a well-known asset creator in YED who specializes in NFT shoes. The best thing about these NFT shoes is that users can wear them in the YED and they can also order them in real life to wear them physically. This creates a two-stream revenue model where the brand owner can sell meta-reality products as well as physical reality goods and services. Again, a small portion of all ecosystem service charges goes back to the EDAO token holders and the core team to further develop the decentralized metaweb.