M4M Token Economics
Last updated
Last updated
Drawing from the Metaverse Economic Model, the M4M Token Economics encompasses four token types:
General equivalent for M4M ecosystem: A universal equivalent within the M4M ecosystem, employed in various consumption scenarios, including but not limited to IP token transactions and consumption vouchers for metaverse (gaming) scenes driven by the M4M Engine.
Share token for M4M general equivalent: A certificate representing the shares of investors in the issuance of the general equivalent.
Collection token: M4M IP collectible tokens (oriented towards collectible assets).
Consumable token: M4M IP consumption tokens (oriented towards consumable usage). Consumable tokens are "avatar" rights granted by the authorization of collectible tokens, serving as targets for consumption in the metaverse (gaming) scenarios driven by the M4M Engine, including but not limited to in-game items, characters, and playtime.
The relationships among these tokens are as follows:
General equivalent is governed by Share token.
Consumable token is generated by Collection token.
Consumable token value is estimated by General equivalent.
The finance token adopts the concept of stablecoins as a general equivalent tool. While share token is used to govern general equivalent user scenarios (the consumption scenarios of consumable tokens) and the price.
To ensure a smooth application process, consumption scenarios will be deployed on L2 (e.g., M4M L2, if ecological development is reasonable).
Primarily serving the M4M ecosystem's real-use scenarios, IP tokens support the closed-loop of comprehensive ecological social activities and the equity annotation and value demonstration of production activities based on sub-metaverses (games).
The design includes the following features:
IP collectible and consumable. Token systems cater to the demands of consensus economics, facilitating the support for asset appreciation expectations in collectibles and the consumption of independent IP systems in use scenarios.
Individual token incubation. They address the continuous incubation capacity for individual tokens, satisfying the multimodal continuous value accumulation of token-represented (physical) identities.
Consumable generating. By generating consumable from collectible authorizations and employing the use of consumable scenarios to promote and expand consensus, collectible appreciation expectations are realized.
Usage derivative market. The framework supports the continuous exploration of IP or independent tokens in diverse metaverse (gaming) scenarios, forming an extensive market for consumable (usage-side derivatives).
M4M ecosystem growth. Through the cumulative process of ongoing IP and independent collectible token value incubation, the ecological expansion of the entire economic system is stimulated.
M4M token framework is an implementation for M4M token economics.
M4M token framework supports non-fungible tokens (NFTs) and partially fungible tokens (PFTs) within the metaverse ecosystem, aiming to meet the requirements of IP tokens.
The innovation of M4M token framework includes the following token types:
Rich media tokens. Rich media tokens represent physical resources with an array of media types, including images, audio, video, 3D models, and motion-skeletal models. Additionally, the M4M Framework supports tokens for 3D scene and game character types.
Multimodal tokens. Multimodal tokens enable the attachment of various media type expressions to a single token, suitable for use in different metaverse scenarios driven by the M4M Engine.
Assemblable tokens. Assemblable tokens is a unique token type, can be disassembled into multiple individual component tokens and reassembled into a new token in various combinations.
Besides IP-related asset tokens or usage rights and equity tokens, several token types satisfy metaverse identity requirements:
Identity profile tokens. Identity profile (facet) tokens grant any metaverse entity, including AI/robots, digital twins, and game characters, their own identities. Different metaverses may necessitate distinct identity facets. Identity facet tokens organize designated subsets of identity data into facet identity information, providing it to specified metaverse systems for display.
Access tokens. Access tokens ensure that access to object resources in any metaverse segment should be open to other segments. Access tokens provide authorization, authentication, and billing services for these resources across systems in a Web3 manner.
Fungible tokens, FTs in M4M ecosystem is designed to satisfy the requirement of financial tools,
Utility token, utility FT in M4M is used as general equivalent inside M4M ecosystem, to exchange with assets or useful NFTs/PFTs;
Governance token, governance FT in M4M is used to govern M4M ecosystem, which will also be treated as share token for project shareholders.
M4M can use stable coin as utility token, and can involve third party NFT DAO solutions as governance token.
Other than the rarity assessment of NFTs in DeFi derivative market, M4M is paying more attention on the user scenarios for IPs, the more IP been used, the higher value been discovered. M4M economic system focuses on economic activities for IPs (intellectual properties), it serves various role of stakeholders throughout lifecycle of IPs.
