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10/14/2024

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Charles Hoskinson Amused by Herd's Ambitious Blockchain Vision

Charles Hoskinson, the founder of Cardano, recently reacted humorously to a new gaming project within Project Catalyst, a platform for community-driven innovation. The proposal, submitted by Pierre Aceituno,...

Charles Hoskinson Amused by Herd's Ambitious Blockchain Vision

Charles Hoskinson, the founder of Cardano, recently reacted humorously to a new gaming project within Project Catalyst, a platform for community-driven innovation. The proposal, submitted by Pierre Aceituno, outlines the development of “Herd,” a decentralized music and DJ battle game that combines blockchain, NFTs, and community governance.

Herd’s Core Features: Blockchain, NFTs, and DJ Battles

Herd aims to bring DJ battles into the blockchain world, allowing players to mix sound packs in real-time while competing against each other or AI opponents. These DJ battles are streamed live on Twitch, where users can earn rewards through active participation. 

Related article: Charles Hoskinson Celebrates Major Cardano’s (ADA) Achievement

The game heavily integrates NFTs, enabling artists to create and sell sound packs while earning royalties from both in-game purchases and secondary market sales. This system could create new and sustainable revenue streams for musicians and sound creators.

Romain Pellerin, the CTO of Input Output, recently shared the ambitious proposal on social media. In response, Hoskinson posted a gif with the caption, “He’s gone mad with power,” humorously referencing the boldness of Aceituno’s vision for Herd. The light-hearted exchange highlighted the potential excitement surrounding this innovative project.

Herd’s Dual-Token Economy and DAO Plans

The game will operate using a dual-token economy. A stable utility token will be used for purchasing in-game assets and entering tournaments. Meanwhile, a governance token will allow players to vote on decisions regarding treasury allocation and future game development. Herd also plans to establish a Decentralized Autonomous Organization (DAO) in Japan. 

Related article: Charles Hoskinson Surprised by Bitcoin-Cardano Bridge Development

This DAO will manage intellectual property, oversee project development, and handle treasury operations, ensuring sustainability and rewards to creators. Moreover, the Herd project plans to partner with several community initiatives, including HOSKY Token and NMKR, to increase visibility and drive early adoption. It will also integrate with the Paima Engine to enable smooth blockchain interactions. 

Herd’s NFT management will depend on Midnight’s technology, with the project set to launch once the Midnight mainnet goes live. However, the team has a backup plan to launch on the Cardano mainnet if necessary.

Disclaimer: The information in this article should not be considered financial advice, and FXCryptoNews articles are intended only to provide educational and general information. Please consult with a financial advisor before making any investment decisions.

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