2 years anniversary community update
It’s been 2 years since the launch of the Very Nifty game that lead to the creation of the Muse DAO: An NFT venture builder owned by the community. In this article, we’ll take the time to write about some of our past releases and see where we are going.
For the lookback, our past releases fit in the NFT universe and will be listed in several categories: Trading, Gaming, Tools, and experiments.
NFT20 is our flagship product. The first NFT exchange that enabled trading tokenized floor NFT with liquidity. While the protocol design is not the most effective today and is not currently under further development, it still gets a small volume and has active users.
Following our excitement about new emerging liquidity solutions for NFT trading we also slightly experimented with fair launch/game mechanics using sudoswap pools with The Raffle.
We also worked on a community-owned marketplace and NFT indexer known as pepesea. Unfortunately, the timing of the release and state of the NFT market was not good but we learned a lot during the development of such a large platform made by only 2–4 people.
The Muse token was initially distributed through our Very Nifty game. It was one of the major NFT games before the NFT bullrun with more than 60k Ethereum mainnet transactions in the form of a Tamagotchi/battle game. The game also included some really novel ideas for the time such as races and battles. This game created our initial community and inspired ideas for our next developments.
We then created the CUDL game that had similar mechanics but was released on the Arbitrum network. While fighting over time to keep tokenomics working we realized that the current model was not sustainable and stopped development until better ideas come out. The game is still fully playable and now open-sourced (here and there). Some members of the community started working on new mechanics that will be released as Cudl Wars: you can read about the current white paper here.
Tools and explorations
We recently released ETHCMD.com. It is an alternative to Etherscan for reading and writing Ethereum smart contracts. This tool is aimed for developers and advanced blockchain users. This tool is a long-term project with minimal maintenance required that could bring visibility and high traffic in a future bull market.
Over the past two years, we also experimented with NFT that lives completely on chain. CUDL game pets are fully rendered on chain and we also released Feather that enables hosting content and application on chain. Dreams of EVM — an art project with complex animation rendering. And lastly, Non Fungible Messages that are free NFT you can mint and send to anyone containing an on-chain message.
We’re probably forgetting some side projects but writing this list today feels like a whole 20 years elapsed while in reality, only 2 have passed. The life of the DAO is animated not only by the development but by the highs and lows the community lived together and the friendships that formed. We’re also proud to have inspired other builders to launch their own projects in a fair and lean way.
Blockchain activity is driven since its inception by bull/bear markets that are exaggerated on both sides. While it seems we are currently in a bear market with a limited amount of participants: the DAO is still committed to continuing to explore new technologies, protocols, and products in the NFT space.
While at this time, speculation is down and development continues in the space. The Muse DAO will continue building technologies and products with the goal to create more income opportunities while helping the NFT space going forward.
On an economic aspect: the DAO currently has 700K USD treasury in a 2/3 ratio of stablecoins and ETH (not counting the $MUSE it owns). The operational costs are pretty low and guarantee a 2+ year runaway as of now.