Angelo Litepaper
This litepaper introduces Angelo App, a blockchain-based means of market creation, designed to power exposure within the gaming space.
Angelo’s upcoming features will support a fully integrated ecosystem for those who wish to fundraise, sell, purchase or otherwise leverage exposure to tokenized creative markets, enabling users to participate in all phases of the go-to market cycle.
Angelo Features:
Tokenization:
Angelo features a crossroads of features which leverage the power of DeFi and Web3, and at the intersection of all these crossroads is its ability to tokenize assets. The concept was initially based on the tokenization of real-world assets (RWAs), but it has since shifted its focus to gaming tokens.
Exposure to real-world assets is not new in the DeFi Space, however, until recently, certain RWAs, have not had sufficient liquidity to drive ‘living’ markets dictating value between sales. Having moved into the gaming space, Angelo tokenizes gaming assets and this, in turn, has created fractional availability which redevelops exposure from 1/1 into 1/[total supply].
Angelo allows studios to fractionalize their vision and create the tangible bricks and mortar from which their games can be built. This enables supporters and backers to trade in a game's value over the course of its life cycle.
Examples:
Think of a project seeking to raise funds without diluting their cap table: The project can sell their tokens without having to give up equity, and backers can hold or sell tokens as they wish
Picture a game studio launching its next project: through Angelo, they can tokenize game assets, allowing fans to own a piece of the game's universe and share in its success.
Markets:
Once an asset is tokenized, the realization of liquidity is only possible when markets are available, allowing for the liquidity sellers and buyers need. Moreover, the viability of these markets is facilitated by entities on both sides of the trade (market makers) who allow for the interactive movement.
Angelo has created markets for creatives to tokenize their outputs, through an order-book trading system with the seller on one side initially, then replaced by sellers and buyers on either side respectively.
The platform offers the means of raising liquidity to Games and Game Studios by allowing them to launch and crowdfund via non-dilutive means.
Examples:
A trader and fan of gaming seeks to trade in up and coming games leveraging his knowledge to realize profit while supporting the games he enjoys. By purchasing tokens for the games on the Angelo Launchpad, he is able to buy bags of projects he sees as the most promising. As he sees the games develop fruitfully and more fans begin to pick up tokens, he is able to use Angelo's markets in order to sell to those who want exposure, and buy from those who don't have the vision he does in how the game development will be realized.
A game studio is looking to raise funds to develop a game, meanwhile a game-centric backer with newfound liquidity is looking to support up-and-coming game concepts. Both are able to leverage Angelo's markets, with one able to bring in liquidity and community by offering tokens of the game concept for sale, and the other by purchasing the tokens with no lockup and the ability to realize profit in the short term, and long-term perks due to their support.
Market Analysis/Insights:
One of the great advantages in tokenizing within unique spaces and creating markets where currently there are few to none, is in the analysis and insights gained from them. Angelo’s vision is to develop dashboards which scale from specific creative genres all the way to higher-level overviews. The goal of doing this is to create a type of index which represents the pulse of what was, up until now, an abstract offering through deeper pockets of regular liquidity.
Abstracting over reliance on general oracles while having a finger on the pulse of GameFi gives a real-time and historical perspective of creatives and concept value.
Hypothetical:
Imagine a scenario where an investor can gauge the popularity and a potential Return on Investment of indie games versus AAA titles, based on real-time data aggregated from across the Angelo ecosystem.
GameFi:
At the core of Angelo's GameFi offering is the innovative process of tokenizing gaming assets. This initiative is set to revolutionize game development and player engagement.
Empowering Studios and Players
For Studios: Angelo enables game studios to tokenize their visions, creating a new avenue for funding and development. This approach not only secures the necessary capital, but also maintains creative control within the studios.
For Players: Through tokenization, players gain the unprecedented opportunity to own a part of their favorite games, contributing to and benefiting from the game's success.
Examples:
In a vibrant fantasy game world, Angelo enables the tokenization of unique in-game assets such as mythical creatures and enchanted lands. Players can gain exposure to their favorite elements, owning a share in the game's universe. This not only provides funding for the game's development but also creates a living market where players trade asset tokens.
Angelo introduces a model where players can own tokenized versions of exclusive racing skins and vehicles in a high-speed game environment. This approach allows fans to possess a piece of the game's aesthetic, contributing to its development. As these tokenized assets gain popularity and rarity, they become valuable tradeable commodities within the Angelo ecosystem, enhancing player engagement and investment in the game's success.
ArtFi:
In breaking the construct of how users engage with creatives, Angelo seeks to develop this further by exploring how tokenization can further enhance creativity in general. In doing so, Angelo will build an ArtFi offering, bringing hyper-regional creative experiences to life through taking the primitive concept of NFT-ticketing and developing it into something much more holistic and engaging.
Example:
Not quite yet, Anon! Watch this space as we will have more to share on the topic in future.
Exchange:
With our markets firmly established, the vision of Angelo is to see the development of a liquidity ecosystem and allow for an exchange that will both leverage and increase liquidity within the ecosystem. To accomplish this, Angelo will develop an exchange built on smart contracts on the Ethereum blockchain, which will allow users to trade with no intermediaries.
From this core offering, we will be able to reward users who provide Liquidity and Market Make, while also using this as a foundation for the growth of projects, ease of market development, and development of futures offerings, including the potential for leverage.
Moreover, we also see our Exchange offering as a key way to grow our value to our users, enabling them to scale beyond merely supporting creatives and get to enjoy levels of exposure to creative outputs and creatives themselves, and in doing so establish a strong DeFi element to the markets.
Example:
Imagine a scenario where Alice wants to swap her tokenized in-game asset tokens for an interest in a new up and coming virtual reality game studio. Through Angelo's Exchange, this transaction is seamless and it helps foster a vibrant community where you can back projects with simple buy/sell orders.
Launchpad:
As with any project post launch, we hope to get ahead of the ‘Wen Listing’ and provide an answer all the way back to the point of genesis. With our Launchpad, we seek to give creatives the ability to bootstrap liquidity through trading their potential for assets. In a traditional sense, our offering would be akin to an IEO or IDO. However, we seek to support scaling in a more comprehensive manner, from tokenization to full launch with marketing.
We see the overlap between communities as a strong play upon which projects can tap into creative support communities through Angelo, the way traditional DeFi projects tap into speculative communities via broader exchanges.
Our goal is to be a cost-effective option for projects and to sit somewhere between the offerings of an Incubatory DAO, an approachable IEO platform, and a Crowdfunding page — with the latter being a good example of the type of service which until now has been the only non-dilutive way to fund, albeit lacking in exposure for the buyer and an off-ramp for the backers.
Example:
A Studio wants to fund the first phase of their project. Through Angelo, the studio tokenizes the first assets they'll offer, offering tokens that represent a stake in the game itself. Backers and game enthusiasts can purchase these tokens, directly funding the studio's new project while gaining a share in its success.
Liquidity as a Utility
In a progressive leap forward from our initial concept, Angelo plans to develop a 'Liquidity As A Utility' model (LAU) to embed a deeper value in token staking. Our ambition is to see LAU manifest through several key avenues:
Game Access via Staked Tokens: Enabling players to unlock early or exclusive access to games through token staking. They are rewarded for their loyalty and engagement.
Curation of Games Based on Staked Tokens: Allowing game enthusiasts to influence the curation process or gain exclusive access to games through token staking.
Event Access through Receipt Tokens: Innovating at the intersection of NFT ticketing and Proof of Attendance Protocols (POAP), where access to events is granted via tokens representing staked assets.
Angelo's vision for LAU marks a pivotal step towards realizing a future where the value of token staking is recognized in versatile and meaningful ways. By integrating game access, studio curation, and event attendance into the staking model, we aim to enhance the intrinsic value of tokens, creating a more vibrant, engaged, and sustainable community.
Example:
Consider a scenario where a project seeks to launch a game but wishes to prioritize giving access to its most fervent supporters over mere speculators. The project collaborates with Angelo to issue receipt tokens, and allows access to the game that corresponds to the specific number of tokens staked. This approach delineates two distinct pathways for engagement:
For the Speculator: Provides an opportunity to participate in a lending market that allows tokens to be borrowed at a predetermined rate, thereby leveraging the utility of the token without direct ownership.
For the Supporter: Offers the flexibility to stake tokens directly for access or utilize borrowed tokens, enabling dual avenues to engage with the game and support the project.
This innovative model ensures that tokens remain in circulation without being sold off hastily, fostering a market that values utility over mere speculative gains. Projects benefit from sustained support and reduced market volatility, while supporters enjoy exclusive access and experiences, thereby creating a symbiotic ecosystem that values contributions and loyalty.
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