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Support for the Web3 Chess platform Raremind

How can the well-known chess platforms be integrated into Web3? How should incentives be structured to connect various stakeholders on the platform?

Project period

2023 –

Related expertise

Blockchains and Cryptoassets

Team

Romain de Luze, Beatrix Marosvölgyi, Nicolas Eschenbaum, Matthias Hafner

Contact

Romain de Luze, Matthias Hafner

Project Description

The Center for Cryptoeconomics collaborates with the team of Raremind to create a Web3 platform, that can be connected with Web2 chess platforms, to utilize points earned on the platforms in the form of crypto-rewards and real-world rewards. The Play-to-Earn platform is not only a bridge between existing online chess-platforms, but it will also offer a Learn-to-Earn mode and Fantasy Leagues, to predict the outcomes of real-world chess tournaments. The Center for Cryptoeconomics assists the project and reviews the creators' most important tokenomic decisions.

In particular, we model the leaderboard-reward distribution, identify the token value drivers and the most important actors of the ecosystem to be built.

Methods applied by Center for Cryptoeconomics

  • Reward Mechanism Design
  • Tokenomics
  • Simulation

 

 

 

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