Meta Residence Tower (re-proposing to correct category)

This is a revised proposal of a previously accepted grant. After discussions with GSS, we decided to re-propose it under the correct category.

The Meta Residence Tower (MRT) project seeks to address the hurdles that Decentraland users currently face when trying to access or create customised virtual spaces.

The present method, which requires the costly and time-consuming hiring of developers, needs an alternative.

MRT offers a simple, no-code solution for the citizens of Decentraland.

GRANT SIZE $100,000 USD in DAI

PROJECT DURATION 5 months

PAYOUT STRATEGY Monthly on the 1st day

BENEFICIARY ADDRESS 0xb12ba0b2dc9d9811a7e3b1f76b3f8318bcb58f20

EMAIL ADDRESS digalgfund@pm.me

DESCRIPTION

Through these problem-solving features, the MRT project aims to revolutionize the way Decentraland citizens access, create, and interact with virtual spaces, offering a cost-effective and user-friendly alternative to the current process.

The Meta Residence Tower represents a virtual skyscraper with 10,000 NFT apartments (spaces). Access to an apartment is provided with an NFT key, which the user can purchase on the website or in the building itself.

The building offers four types of layouts: Studio, 1BHK, 2BHK, and Penthouse. There is also the possibility to make it an open space.

Each apartment includes an interior design constructor with more than 700 furniture items (from bedroom to bathroom), along with options for ceilings, floors, and wallpapers. Users can create unique furniture arrangements with this tool.

All project features, including the builder, smart-items, and upgrades, can be found in the last proposal. Of course, we've made a lot of additions since then. Please check out real-time development changelog where you can see about a hundred of pull requests from the last proposal.

The progress since last proposal: New upgrades (10 in total) & Smart Items (30 in total) include:

• Open Space: The ability to remove all walls and create an open, flat space.
• A ticketing system allowing users to sell tickets for events they hold, either permanently or one-time.
• A subscription-based video streaming service.
• An event system: Space owners can highlight their events on an internal Event board.
• Teleport from flat to location
• Teleport from flat to flat
• Custom text
• The ability to enter the tower and user's flat WITHOUT WEB3.
• Dozens of UI elements
• Scene animations (doors, elevators, NPCs)
• Numerous CI/CD additions
• Several team and user-made interactive experiences (mini-games and quest-like stories) showcasing the possibilities of creating games with MRT's easy to learn integrated builder.
• We also hold a Mini Game Jam event for game makers
• Scene optimization for more than 100mb of space.
• Asset optimization to improve scene loading times and performance.
• Tutorials on using features.
• $5k in sales from the last proposal even during this bear market and despite currently limited userbase.
• Social aspect & UGC

While we've already built a substantial feature and technical base, I'd like to highlight the Community part and UGC. The Tower hosts many community events:

Babydolls live from Penthouse is a weekly event

DJ-Trax has held numerous parties

Dcl Brazil Birthday Party

We were a venue for BeatTrekker events

And dozens of other residents.

Over 80% of our 800 tweets are user-generated content. Check out our Twitter

All these events were hold without our help only with built-in features.

ROADMAP AND MILESTONES In addition to the milestones of the previous proposal:

Decentralisation:

Our main goal is to eventually make the project fully decentralised, allowing users to own their spaces in perpetuity. Steps towards this include:

• Representing smart-items and upgrades as NFTs.
• Ensuring all smart-items & upgrades work without a webserver. We aim to implement two modes, with and without a server.
• Establishing a DAO & Multisig wallet.
• Transferring land to a community wallet (we will transfer 15 parcels of our own land to the Tower DAO).
• Upgrading to SDK7:
• This will enhance the user experience & possibilities for new features

Flats in Worlds: This feature will allow users to deploy a space with full functionality to a separate world by NAME. Once implemented, up to 100 worlds with different content could be deployed immediately

Visual improvements: We plan to beautify the entire Tower, including the main building, indoor areas like lobbies and corridors, flats, furniture, and the UI.

REVENUE GENERATION MODEL

Our plans for sustainability The MRT project already has organic paid users and revenue. * Sales of apartments & spaces in MRT. * An in-game store with more than 40 items. * Fees for interacting with smart contract (donation, payable access, shop). * A video-streaming service (subscription model) * Advertising income. * Public and dedicated private Worlds. We ask the DAO to allocate $100,000 for current and future development. Since this is a commercial project, we want to repay the grant.

RETURN OF INVESTMENT TO THE DAO TREASURY

The payment plan is as follows: * 30% of the sales of apartments, smart items, and upgrades will be transferred monthly to the DAO until the total amount is repaid. In conclusion The MRT project presents an innovative and revolutionary solution to the challenges faced by Decentraland users, allowing them to access and create customized virtual spaces without the need for coding expertise. Moreover, our proposal sets an important precedent as a commercial project that commits to fully refunding the granted funds to the DAO, ensuring a mutually beneficial partnership. Finally, our future plans include expanding the MRT project to Decentraland Worlds, offering versatile and user-friendly solutions for expanding Worlds.

RETURN OF INVESTMENT TIMEFRAME

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