64b602119dad7b80614b744e - Futureverse Whitepaper
64b602119dad7b80614b744e - Futureverse Whitepaper
64b602119dad7b80614b744e - Futureverse Whitepaper
Futureverse Whitepaper
Whitepaper
Futureverse
Whitepaper
Contents
21 Foundation Vault
25 DID SDK
33 The Content
34 Summary
35 Definitions
36 Legal Disclaimer
Into the
Futureverse
‘Metaverse’ is a growing buzzword that Many of the applications and infrastructure
embodies the next generation of internet that create the internet today are owned by
experiences. It has captured the world’s a handful of people. This didn’t matter when
imagination, but it is widely misunderstood. online activity, commerce, creativity and
participation in democracy were all a minor
The term Metaverse is not new. But, recently part of our lives.
it has come to mean anything from virtual
reality games, to immersive online malls, But, now that the digital economy is firmly
to avatars and content that are connected ingrained in modern society, it matters a lot.
to non-fungible tokens… and everything in Even more so where the major applications
between. we use hope to become the next generation
of the internet and economy, aka The
Most of these concepts have been around Metaverse. If we accelerate our journey into
for a while, under different names and this digital future, but keep things the way
categories. Our attempt to explain what is they are, then society remains controlled by
the Metaverse (and what it isn’t) needs a a small group of influential infrastructure
more explicit approach - one that describes providers.
what’s new and important and what’s not.
The Metaverse represents a deeper digital
Our society is rapidly becoming a more future where the boundaries between siloed
digital one. Everyday, artificial intelligence digital experiences fall away, and what
uses our data to drive small changes in our remains is a singular, immersive and open
thought patterns, which combine to make experience.
major changes in our culture.
It’s a powerful idea, of which the seeds are
The time we spend in digital spaces has already visible. We can see an example in two
increased significantly as a result of the technology silos within society that used to be
pandemic. If we look further ahead, it’s not independent: Communications and Media.
hard to imagine a future where the digital We have seen them come together to form
economy and our digital experiences form social media.
the majority of our interactions and economic
activity. We’re currently witnessing the fall of another
silo, traditional commerce. Social discovery
If this is our future, then right now we are at a has already become the dominant way
precipice. people find products. Soon it will be the
dominant way people buy them as social
commerce becomes the norm.
Enter the
Open Metaverse
The Open Metaverse is the next evolution No one can build ‘A Metaverse’. There is
of the internet and the digital economy; only ‘The Metaverse’, the collection of user-
decentralized, trustless, community-owned owned assets that exist, and a collection of
and secure. interoperable applications. Each participant
can only build an app, a metaworld or a piece
of content. Anyone saying they are building
The Open Metaverse is grounded in two ‘A Metaverse’ misunderstands its core
principles: principles.
It starts with infrastructure. All applications challenges still remain to reach widespread
exist on compute and storage. If our content, adoption.
assets and applications all exist on someone
else’s computer and storage, that person has User numbers have been growing in the key
the power to turn off the computer. We have entry points. Both crypto assets and crypto
ceded ownership and control. asset content (NFTs) are making their way
into popular culture. However, the number
The solution to this problem lies in Web3: of those users who utilize these assets in
decentralized computing networks. Web3 applications is still low.
technology helps users and communities
own storage, computing and networking This is largely due to poor user experience.
infrastructure collectively. No single user can Most Web3 infrastructure has not been built
be in control. Without Web3, there can be no with friendly UX in mind. Given the Metaverse
Open Metaverse. is all about a more immersive UX for the
internet, we need to fix the experience if we
Next, we need protocols that provide the want to reach the Open Metaverse.
core building blocks for applications. These
protocols can exist in community-controlled When we reach the content layer, a new
Web3 infrastructure (such as blockchains), problem is evident. Many so-called Metaverse
and can be governed by those communities. companies are highly concentrated here,
because it’s the most familiar component
Then we need open interoperable content and more have the skillset to execute it. Most
standards that allow us to bring portability lack comprehension of the scope of what’s
to the table. This means visual, financial and required to deliver on the things they promise.
other data-based assets will show up (and Every proposed game, app, or 3D city-world
have value) wherever the owner chooses to requires the hard stuff… the protocols and
use them. infrastructure to onboard, maintain and grow
users.
Finally, we have the application layer. This is
what many people think about when they talk
about building a Metaverse, but in reality it’s
only the tip of the iceberg.
Enter the
Futureverse
The Futureverse provides a set of tools at Together, these are the core elements
the infrastructure, protocol, content and necessary for developers to build a
application layer that are built with user decentralized community-owned application,
experience in mind, and fully integrated to or for content creators to join The Open
ensure interoperability. Metaverse.
Over this infrastructure, a rich content layer Much of what’s necessary for success goes
creates powerful community network effects. far beyond content. The infrastructure stack
is absolutely critical. This foundational layer
The Futureverse is comprised of: is not glamorous, but it’s critical if we want to
reach and onboard new users, particularly
1. The Root Network: a decentralized a mass audience with expectations set from
blockchain network optimized for user current consumer apps and the depiction of
experience and on-boarding. technology in movies. If their first experience
2. A decentralized identity protocol and with Web3 is a mess, they won’t stay… and
passport for users and assets to form the worse, they’ll be lured into the corporate
base data layer for interoperability and Metaverse mimics controlled by the same
applications. large corporations who created Web2.
3. A decentralized delegation protocol
allowing applications to provide layered The Futureverse brings together a team of
access to assets, users and content. 200 visionaries who have been developing
4. A decentralized communications, the technology, protocols and content over
notifications and storage protocol the last 5 years to rapidly improve the Web3
allowing users and applications to Open Metaverse experience.
communicate with each-other between
applications.
5. A decentralized artificial intelligence Here’s a deeper dive into what’s inside.
protocol enabling applications and
avatars to leverage this technology in a
community governed and user-owned
way.
6. Payment networks and wallets designed
to help onboard and connect physical
goods. Financial rails of the Metaverse.
7. Content assets: a rich set of user-owned
digital assets, designed with storytelling
at their heart.
The Root
Network
At the heart of the network infrastructure
and protocols in the Open Metaverse is The Substrate Core
Root Network.
Smart Contracts
due to nonexistent safety features and leave
quickly to never return.
Custom Non-Fungible
Runtimes Assets Runtime
Our custom runtimes for Non-Fungible The Root Network NFT runtime provides a
Assets, GAS Economy, Fungible Assets, single unified network-wide experience for
Decentralized Exchange, Oracles and more, NFTs.
will provide the ingredients for creators
to build applications and content without In other networks, NFTs exist at the individual
being a smart contract developer. They also contract layer. In The Root Network, NFTs
provide a world-class onboarding experience. exist in a core network runtime. This provides
a common standard to build interoperability.
Multi-Token
Economy
The Root Network has a unique multi-token One of the main obstacles for new users
economy that enables the optimization of entering decentralized applications (and
both gas and initial user onboarding. now content) is understanding the concept of
GAS, and going through the arduous process
Gas is a key pain point for users, and in many of acquiring it to pay for transactions. This is
single-token networks the success of the like downloading Netflix, but having to buy
network leads to high or volatile network and set up an AWS cloud subscription first…
fees. an absurd user experience and unnecessary
friction point.
In the early days of running a network node
on a single-token network, the GAS token In The Root Network, we solve this problem
is also used for block rewards. This puts with an in-chain GAS fee exchange. Users
price pressure on the network token as it can onboard and use the native token of the
is sold to recover yield for running staking application, or developers can delegate and
infrastructure. It also impacts the security pay fees on behalf of users. Developers set
budget of the network. up a liquidity pool between their native token
and the network GAS token. Node validators
Another issue that has emerged from single- can then receive these GAS tokens as a
token economies is that the block rewards reward for producing blocks. For example
are not liquid enough to incentivize large users who have bridged from Ethereum can
numbers of node operators. This limits the use ETH or users who onboarded via ASM
decentralization of the network. can use ASTO or users who have downloaded
the SYLO wallet can use SYLO. By default if
In The Root Network, the primary network no liquidity pool exists for your native token
token is ROOT. It is designed as the network you can use the network gas token XRP.
security and governance token used in the
network’s Proof of Stake consensus. It is Using this method means that stakers
isolated from the GAS token by design. To and validators can amass an index of the
solve for the base liquidity of block rewards, network’s tokens and have exposure to the
we have partnered with Ripple and the XRPL whole ecosystem of activity, and users can
to provide base block rewards in the form of onboard without having to understand the
XRP. XRP will also be used as a network gas underlying network economy or interact with
token. This combination will allow The Root exchanges.
network token to grow in value and provide a
high degree of liquidity for rewards for block
producers.
Fungible Decentralized
Assets State Oracle
Like the NFT runtime, users can create and The state oracle allows developers to link
launch standardized fungible tokens without events that happen on other chains to actions
having to deploy smart contract code, and inside The Root Network. For example, this
compatible with XRPL fungible tokens. 1% would allow a DAO vote on ETH to kick off
of each new asset created in the Fungible an asset transfer on The Root Network. Or,
Assets runtime is distributed to network node an NFT on one network can interact with
validators as a fee. utility on The Root Network. This provides
developers with another easy way to build
interoperability into their applications and
content.
Liquidity and
Asset Bridges
ROOT Token
Economy
The ROOT token economy is driven by several • Token minting fees in the Fungible Asset
key use cases: runtime
• Trading fees for the DEX and the GAS
1. Governance of The Root Network Fee Exchange.
Protocol
3. FLUF World Utility and Game Economy
ROOT is the network governance token.
It will control core features like software ROOT is the primary in-game token for
upgrades, runtime upgrades and new the FLUF World game ecosystem and can
runtime deployments, the block reward be used for a range of things such as, but
economy, and admitting new application not limited to:
chains who wish to use The Root Network
hub. • Land reward mechanics
• Game rewards
2. Proof of Stake for Network Security • Stake to earn content
• Charging up in game items
ROOT is also the network token used by • Breeding
node validators and delegators to secure • New content purchases
the Proof of Stake network. Validators • Stake to play
or delegators who stake ROOT will earn
fees from various network activities to
ensure there is sufficient incentive to 4. Data Marketplace
operate a node and stake. The block
rewards for staking will come in several ROOT can be used to incentivize
forms. individual and community-owned-
and-controlled data sharing with third
• GAS spent in the network is distributed to parties, via the Token Service platform.
block producers; the default GAS token
• XRP provides validators with instant real As it’s a fungible token in its own right,
value for producing blocks. ROOT can, of course, be used for any
• Initial bootstrap pool: 10% of the ROOT other type of utility. Developers can
tokens will be distributed to block leverage the liquidity and community of
validators and stakers over the first 260 ROOT to bootstrap their own activities
weeks. and games. The nature of the multi-token
• Fees generated by the various network economy means that the ROOT holder
runtime activities. Including: community can get access to these
• NFT trading fees from the Non Fungible tokens via staking in the network.
Asset runtime.
Token
Distribution
The ROOT token supply is 12,000,000,000 of the tokens over 260 weeks as a bootstrap,
tokens and will be distributed in several pools. while the token fee economy gets up to
speed.
The Token
Service
The Token Service is a set of APIs or GRAPH • PFP Collections: NFT digital artworks
endpoints which allow developers to interact for individuals to represent themselves
with The Root Network without having to on the Metaverse. Build profiles on
understand Web3 protocols. It also provides the Metaverse that have inherent and
a range of services to help onboard users transferrable value. PFPs can be linked
who may be new to Web3 and want help with to the holder’s real-life identity, allowing
key storage or asset custody. Users can opt PFP owners to seamlessly switch between
to “be their own bank” and self custody at their various Metaverse identities (and
any time however as we drive mass adoption benefits).
new to Web3 users can have the benefit of an • POAPs: Digital badges that show proof
additional safety layer when they start their of attendance. These can be used
journey. to drive attendance (and post-event
engagement) online, offline and on the
Token holdings can be used to access secure Metaverse.
digital and physical experiences, like a
pass to a virtual space, or a ticket to a real We have chosen these best-of-breed
life event linked to a user’s loyalty member elements to give a deep level of
benefits. decentralization, performance and flexibility.
They optimize the user onboarding and on-
The Token Service also allows for the creation chain user experience, as well as providing
and management of people and organization broad support for the existing developer
profiles: event organizers, local or vertical community. Finally, they provide the best
driven marketplaces, decentralized possible access to liquidity for users, stakers
autonomous organizations (DAO) and other and validators.
stakeholders.
A Decentralized
Identity Protocol
and Asset Passport
For the Open Metaverse to work in the way Importantly, users will be provided with an
we all imagine, we need to be able to provide easy way to see where they can take their
a uniform way to identify ‘things’ in the asset at a glance when trading them. This is
system. That ID layer needs to be richer and critical: portability is a cornerstone to value.
more portable than a public key.
In addition, users are able to receive
Examples of datapoints that leverage identity attestations against their ID for potentially
include PFPs, NFTs, and holder specific sensitive data (e.g. age) using our stateless
data such as eligibility, membership tier, eKYC engine, which stores no user Personally
provenance, previous owners, achievements, Identifiable Data. This will allow application
and awards for past performance. developers to provide experiences like age-
gated content.
Our W3C Decentralized Digital ID (DID)
protocol provides a way for users and assets
to interact with applications across The
Metaverse, in a way that preserves privacy
and enables interoperability.
Key Functions
Library
Our key functions library has features for
signing, key pair generation and encoders
that create ease of use experiences for
developers building on the Futureverse.
This library was built using a low level
programming language (Rust), which means
it supports services on the backend as well as
the frontend. This makes possible the export
of consistent interfaces to a wide array of
languages and platforms.
• Authentication
• Assertions
• Key Agreements to Establish Secure
Communication
• Capability Invocation and Delegation on
The Metaverse
Encoders convert keys (or other data) Secure storage is responsible for storing
from or to a particular format. The input key pairs securely. Capability to store a
(I) and the output (O) parametrize their serialized key pair and get a serialized
interface to make them generic. The Key key pair as well as delete a key pair
Functions module contains encoders that (secure remove)
are commonly used on the blockchain
including PKCS8, Base 58 and QR codes.
Foundation
Vault
Foundation Vault is a Wallet storage
infrastructure and system designed to
eliminate the risks of a “honey pot” (a large
bucket of sensitive data) created by a
centralized key storage.
Foundation
Principles
1. User binding authentication through a request access to a user’s wallet stored in the
simple interface with the vault. vault (Wallet Retrieval) only through specific
consent from the user, which is now enforced
2. Service key pairs for obfuscating data. by the vault authenticating the user on each
delegated access request from the service.
3. A dedicated storage device (vault) for The authentication will be made through a
storing encrypted data only. direct communication channel between the
vault and user. The user will have to present
this data to the service so it may access the
wallet on the user’s behalf.
Delegated
Access
Further risk mitigation can be enabled via:
Self-Sovereign
Data Store (SSDS)
SDK
The SSDS SDK manages account creation,
data encryption, and Vault access. Typically,
the SDK will be embedded in a website or
mobile app. Access is granted by Username
and Password serialized into an access key
and an encryption key using Key Stretching
(Scrypt / PBKDF2). The access key grants
Vault access while the encryption key allows
the SDK to encrypt a secondary access
keypair stored in the Vault.
DID
SDK
Our DID SDK has features for creating,
updating and resolving DIDs in the
Metaverse.
Decentralized
Delegation Protocol
Doughnuts (aka Decentralized Cookies)
are a patent-pending Proof-of-Delegation
Protocol. They exist between two or more
cryptographic keypairs, and enable us to
prove that one address delegates something
to another address.
Decentralized
Communications,
Notifications &
Storage Protocol
Within a truly decentralized Metaverse It is essential to the Open Metaverse that
operating system, differing degrees of these non-value based exchanges are as
consensus and transparency are required. decentralized as the blockchains beneath
them.
For asset value exchange (usually fungible
and non fungible tokens) every node in There is little point in decentralizing assets
the network needs to agree on the current and identities if the only way for them to
state of the ledger. Within Futureverse, interact is via centralized services. The
this functionality is provided by The Root Sylo Network and Seekers NFT project
Network. uses gamified, off-chain, decentralized
infrastructure to solve this problem.
However, there is a whole subset of data
exchange and interaction that has no need
for network-wide consensus, but are still
crucially important to ensuring decentralized
applications work reliably and with great UX:
services such as communications, events, and
notifications.
The Sylo
Network
The Sylo Network provides reliable, Seeker Nodes are also rewarded or penalized
decentralized, off-chain services for based on the quality of the service that they
decentralized applications. provide. This incentive structure ensures
that node operator incentives are aligned
• Real-time events with those of the network, ensuring a high
• Asynchronous messaging standard of service no matter who operates
• Notifications each individual node.
• State management
• Real time calling
• Real time data exchange
The Sylo
These decentralized services are provided by
Seeker Nodes and are paid for using Tickets, Metaverse SDK
an incredibly efficient off-chain payment
method that allows for every network event
to be granularly charged.
The Sylo Token is at the core of this The Sylo Metaverse SDK is the SDK
functionality set. It is a utility token used to implemented by any Open Metaverse
pay the essential costs of running a Seeker app to utilize the Sylo Network for events,
Node - human time, hardware resources and notifications, asynchronous messaging and
electricity. real time communication between wallet
addresses.
The Sylo Token’s unique ‘layer two’ (off-
blockchain) probabilistic micro-payment Through the use of the Sylo Metaverse SDK,
system makes this possible without high any distributed application can unlock high-
transaction fees. The cost is similar to performance decentralized communication
services set up centrally on a traditional cloud for its users.
service like AWS.
They can use the user’s wallet, or items held
Sylo Tokens are also used to measure an in their wallet, as the basis of their online
individual’s level of participation in the Sylo identity. These wallet addresses (or NFTs)
Network. The amount of Sylo that a Seeker can be allowed to communicate within a
Node has staked determines how much DApp without any requirement to provide
work it is responsible for completing, and additional information.
as a result, how much that node can earn in
exchange for providing those services.
Typically the reward for running Nodes is Orders, Factions and Clans will have
limited to token rewards, in line with the elevated rights, be able to participate to a
network tokenomic incentives. By coupling greater extent in the game, and are openly
the Seekers NFT with Sylo Nodes, we recognised as meaningfully contributing
create in-game features that encourage to the infrastructure that powers the Open
more network participation and therefore Metaverse.
resilience of the network.
A Decentralized
Artificial Intelligence
Protocol
As our world becomes increasingly digitized, ASM’s product is a platform and protocol for
AI is playing a bigger role in shaping the way the ownability, tradeability, composability,
we think, behave and solve problems. and interoperability of AI (GANS and ML
reinforcement models), using NFTs. It
The impact AI will have on the world in provides the world’s first open infrastructure
the near future is profound, most people for any individual (rather than companies) to
don’t know what it does or how it works. provably own, build, and govern their own AI.
It’s crucial that everyday people gain an This “individually ownable AI” is called non-
understanding of AI, and even more critical fungible intelligence.
that communities have ownership of it.
This will help them understand the positive ASM seeks to improve the understanding
benefits as well as the risks, and have a say in and usage of AI, by taking consumers on a
how it impacts their lives. content and game driven journey. Through
this they’ll gain an understanding of how it
works, how they can interact with it, then how
they can own and apply it in their lives. With
ASM provides other Web3 applications the The ASM Protocol is the economic base
ability to: providing the fundamentals for the ASM
economy. It enables distribution of $ASTO
• Define interoperable specifications for (ASM’s token), release of liquidity into the
AI/ML models for use in apps across the market, and supports token demand through
Metaverse genome mining.
• Use ASM infrastructure to create
“training gyms” (cloud GPU processors) This includes:
where end users can train their own ML
models • Token distribution, vesting contracts,
• Attach those ML models to a “Brain” NFT liquidity mining and transactions
that is provably owned by a customer • Brain NFT proof-of-ownership and ML
• Compose multiple AI capabilities under a model storage
single Brain NFT to create complex and • Genome (Brain) Mining
highly capable AIs • The ASM Dashboard (a front end to
• Pair Brains with an NFT form (skin) to access protocol features and economic
create autonomous Agent ready for the benefits)
Metaverse • The ASM DAO (the ASTO token
governance body)
ASM
Platform
This includes:
The
Content
Most Metaverse companies start and end at collection. By taking the time to establish an
content. But this is only the tip of the spear. interconnected world of characters, content
Great content is the key to onboarding and and stories we have laid a strong foundation
sustaining diverse, engaged communities. to build a world and games on top of.
Summary
Definitions
Legal
Disclaimer
This Futureverse Whitepaper is for general information an offer of securities, or a solicitation for investment in
purposes only. It does not constitute investment advice, securities. If you receive ROOT tokens through an airdrop,
recommendations, or any form of solicitation. Any please note that any Futureverse platform contribution and/
information provided is at all times subject to change by the or participation does not represent, constitute or involve the
sole discretion of Futureverse or any affiliated parties. exchange of value for any form of securities, investment
units and/or form of ordinary shares in any project, in any
Futureverse and its affiliates are creating the ROOT Token platform, in Futureverse, or any other related company.
to function within The Root Network and surrounding
ecosystem in order to provide increasing levels of utility This Whitepaper in any part thereof and any copy thereof
to the owner-base, in-world item owners, and other must not be transmitted to any country where distribution
stakeholders. No ROOT token will represent any economic or dissemination of these documents and its information
interest in Futureverse of any of its affiliated companies at is prohibited or restricted. No regulatory authority has
any time. examined or approved to this date of any of the information
set out in this document. The publication, distribution
Through the development of ROOT, Futureverse does not or dissemination of these terms do not imply that the
grant any rights, express or implied, other than the right to applicable laws, regulatory requirements or rules have been
use ROOT on The Root Network. In particular, Futureverse complied with.
and its affiliates expressly deny any ability of the ROOT
token to represent or confer any ownership right or stake, To the fullest extent permitted by the applicable laws,
share, security, or equivalent rights, or any right to receive regulations and rules, Futureverse, its founders, team
future revenue shares, intellectual property rights or any members and any third party involved in the project shall
other form of participation in or relating to any Futureverse not be liable for any direct, indirect, special, incidental,
product and/or the Futureverse entity and/or any of its consequential or other losses of any kind, in tort, contract
corporate affiliates. or otherwise (including but not limited to loss of revenue,
income or profits, and loss of use or data), arising out of
Futureverse and its affiliates reserves the right to reject any or in connection with any acceptance of or reliance on the
usage of ROOT tokens on The Root Network. Futureverse information in this Whitepaper, or any part thereof and/or
rejects any responsibility for any direct or consequential information provided on the Futureverse web page. To the
loss or damage of any kind whatsoever arising directly or fullest extent permitted by applicable law: (i) in no event will
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No terms in this Whitepaper constitute a prospectus, an All statements contained in this Whitepaper, the Futureverse
offer document of any sort, or are intended to constitute webpage, statements made in press releases or in any place
Whitepaper
Version 3.0
Version: 3.0 04/14/23
WHERE THE FUTURE CAN HAPPEN 14/04/23
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