Platform
DuneX Platform Overview
Service contents
DuneX is a platform that provides RWA infrastructure and tools so that Web3.0 game developers can create RWA based on game characters and items. A space is needed where various RWA generated through DuneX can be traded. DuneX provides an RWA-based financial system to enable transactions of various RWAs.
RWA Tokenization Protocol
Tokenization is the process of linking the game's intellectual property rights to the blockchain, and issuing RWA tokens through asset verification and voting through DAO. The intellectual property rights owner (game developer) requests review to issue RWA tokens to the online DAO through the offline DAO. The online DAO reviews documents proving the value and ownership of intellectual property rights and votes for or against issuing RWA tokens. If the vote for or against issuing RWA tokens passes, the offline DAO transfers ownership of the assets from the intellectual property rights holder (game developer) and creates RWA tokens for each asset. The generated RWA token has the right to control (dividend, sell, liquidate) the asset and can also be seen as a type of governance token. Real asset owners who receive RWA tokens can sell them on the open market or use them as collateral in the lending protocol.
DuneX proposes the standards necessary to connect intellectual property rights with blockchain and provides appropriate technology. The DuneX protocol is a standard required for intellectual assets to be tokenized and traded on the blockchain. In order for assets that are linked to the blockchain and used in a decentralized system to be utilized while preserving their value, 1) real-world laws are linked to tokenized assets so that the contract remains in effect, or 2) the value is maintained in the decentralized system. Designed game rules must be provided or one of the two conditions must be satisfied. The DuneX protocol is designed to provide a governance structure that can give legal effect to digitized assets and carefully calculated game rules so that digitized assets can have value as assets in themselves. Tokenized intellectual property rights, created by dividing them into four elements: token issuance, distribution, liquidation, and oracle, are linked to the designed game rules and operate within pre-arranged rules.
Content copyright authentication
Blockchain, which is currently commonly used, has limitations in storing large amounts of data. As the number of nodes increases or the data grows, it takes more time to store the data. Decentralized storage that can manage large amounts of data is needed. We plan to build a solution that proves content copyright and owner by linking IPFS, a representative decentralized storage, with blockchain. By linking blockchain and IPFS, original proof (source proof) and confidentiality can be guaranteed.
NFT Market Place
DuneX Protocol's NFT marketplace plans to build a blockchain game service platform and provide a one-stop service from NFT issuance to sale based on technological linkage with MetaMask. Partner game developers can easily store metadata and issue them as NFTs through the API. Additionally, the gas cost consumed is much lower than the gas cost required to mint and transfer existing Ethereum-based NFTs.
GameFi
In short, GameFi can be defined as ‘Game + DeFi + NFT’. A profit model was created by gamifying financial products based on games, and it was designed to enable users to obtain economic benefits in the future by converting in-game items into NFTs. By combining non-fungible tokens (NFTs) with decentralized financial services (DeFi: Decentralized Finance), users can stake crypto assets in return for making visible profits in a short period of time through DeFi yield farming. . DuneX Protocol's GameFi can provide high throughput, low cost, and ease of use by using the blockchain mainnet network. We expect to be able to create a blockchain optimized for Web 3.0. NFT lending is a service that allows you to borrow virtual assets such as Bitcoin (BTC) and Ethereum (ETH) using NFT as collateral. In the case of NFT deposit, you can receive deposit profits as virtual assets when depositing NFT.
DAO
We want to build a DEX like Uniswap, which is completely different from existing DEX projects. Unlike Uniswap, there is no order book, and we plan to develop an Automated Market Maker (AMM) to automatically conclude users' transactions based on the AMM algorithm. By introducing AMM, anyone can freely supply liquidity on Uniswap, and based on this liquidity, users can trade at any time at a price determined by an algorithm.
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