Proposal Details
Proposal #92
Proposal title
Funding Request - MetaTank
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Proposal #92 description
Project Name: MetaTank (@MetaTankProject) Designated Multisig Address: 0x48199AF97AbA9910198E32d34AEc8Fa9528677bD/evmos1fqve47t6h2v3qxvwxtf54my049fgvaaadgppqk Multisig Members (3 of 4 Multisig):
- InstaFinanzas | Stakin Validator
- Kevin | Oni Validator
- devd331 | Evmos Community Mod
- MTNK-Kayz | MetaTank
Total funds requested: $120k or 300000 EVMOS @$0.4 Fund Distribution Method: Milestone 1 - $40k or 100000 EVMOS (Conversion Platform, Game Development Pt1). Amount released: 33% | Expected duration: 2 months Milestone 2 - $30k or 75000 EVMOS (Platform Audit, Game Development Pt2). Amount Released: 25% | Expected duration: 1.5 months Milestone 3 - $50k or 125000 EVMOS (Game Development Pt3, Marketing, Rewards liquidity pool). Amount Released: 42% | Expected duration: Ongoing
Any previous funding rounds: No official raises have been conducted. Everything built was from the $70k savings combined from the team. Short threads to understand our whole operation -> here For further clarity, please see discussion on commonwealth
Short Intro: MetaTank is creating a gameverse (think MCU but for games) around its IP. Focusing on building web2 mobile games (hypercasual genre) and connecting them to web3 via our Conversion Platform. Lore-based games that are stream-friendly (prone to virality) and fun. Users can simply download our games from an app store and play. However, the option exists for users to convert their in-game rewards into on-chain $MTNK tokens on the Evmos blockchain. Important: We are not a Metaverse, no NFTs are involved, no tokens required to play, and we are not P2E. MetaTank is creating games that are price-independent. Focusing on strategically increasing our IP value through the mass appeal of hypercasual mobile games. Why we are unique: We are bringing a new method of revenue generation and user acquisition not seen in crypto. Built on quality production and not reliant on marketing hype, token prices or a constant funnel of new users (new capital). Business Model: MetaTank generates fiat revenue externally via In-App Ads and In-App Purchases. A portion is injected into Evmos to balance the rewards liquidity pool. The remainder is reinvested into game development. Further adding to our library of mobile games which leads to more users and increased recurring revenues. Bringing Value to Evmos: MetaTank has found a less-exhausting method to onboard web2 users. Only via Evmos can the Conversion Platform be utilized. Users will become natives and have a stake in Evmos’ growth. They will be holding a portion of their wealth on Evmos. They will support local projects and engage in other activities such as trading, minting, liquidity mining and lending. Long-term stakeholders who will not disappear after a retweet competition or incentive program.
Initial benefits to Evmos include:
- Benefit 1 – Liquidity injected into Evmos from revenues generated externally (Ads/In-app purchases).
- Benefit 2 – Onboarding web2 users, who must enter Evmos to use our Conversion Platform.
- Benefit 3 - Onboarding Web2 game developers with already established userbases and IP (compounding Benefit 1 & 2).
- Benefit 4 – 10% of MetaTank tokens are reserved for the Evmos community.
- Benefit 5 – Conducting the MetaTank amassed userbase as a marketing platform, promoting Evmos and its ecosystem projects.
This is not a one-time deal. MetaTank wishes to continue its relationship with the Evmos community, sharing in the value generated by its IP. Our materials prove that we are capable and have already built a version of everything we propose. Proof of capability > The mobile gaming industry is experiencing non-stop growth. We can do a lot more with Evmos and show the world of web2 and web3 that there is another way to gaming in crypto.