*Read2N Chinese AMA 23.08. Transcript｜Brand Upgrade & V3 Gameplay Analysis

Why do Read2N creators keep coming in? Why Read2N doesn't give the author a direct return? What is the reason for this design?

1. Inside the economic model of Read2N, there is no way for authors to get money directly from NFT MINT, this is our innovation, and also a very big innovation in the whole industry. It is different from the previous ways of issuing NFTs and collections.
2. Community Activity. We encourage more people to do MINT for this, to keep the money inside the community and make the community more full of activity, so that it can go MINT more works, instead of letting the issuers of the COLLECTION take the money away.
3. Stick to the spirit of keeping the money in the community and letting the people involved benefit from the fees together. AZUKI raised 20,000 ETH via the sale of element, which is bad, so keep the money in the community, this is the spirit we have always been consistent, and everyone is involved in benefiting from the fees.

Analysis and discussion of the transaction models of the blockchain technology

1. The early markets were the trading modes of hanging orders, buying orders, and the original trading models that would be seen in CEX or OPENSEA.
2. In DeFi era there are entrepreneurs who invented a great and new trading model called AMM, which directly gives decentralized exchanges the opportunity to add liquidity pools through some people as LPs, and the rest of the users complete a very silky smooth transactions and experience through the liquidity pools. It is very difficult to use in the NFT market, because each NFT is different, and there are so many categories.
3. Inspire decentralized nodes with Shares trading. The new trading model will bring more liquidity to the NFT market. No more worrying about project Roge as all the money is in the pool. Now see Friend.tech's trading with Shares is very innovative, Shares are not NFTs, they are all the same.

V3 version will enhance the inspiration of Shares gameplay

1. Provide a pool of Shares for small communities to stimulate decentralized gameplay.

We will add Shares to every book, of course, you can also transform Shares to NFT. Upgraded NFT can be used to mine and to participate in the NFT gameplay. But RCM spent by MINT Shares prior to the NFT are attributed to the community as a whole, and all RCM are retained for this book's Collection.

We really want to help everyone get published, but there is no way to take care of everyone for every book, when you focus on the large scale. Instead we focus more on the success of each individual, and we will keep all RCM in each small community.

This trading paradigm allows all issuers of assets to not directly take RCM or funds consumed by the asset MINT, but rather the funds consumed by participating in the issuance of the asset are retained in a pool, shared by the holders of Shares. There are corresponding rules of the gameplay, which further motivates decentralized publishers.

The holders of Shares in the pool can exit at any time to trade at any time, and more interesting gameplay solutions will be designed around this trading model.

2. Solved the problem of entry difficulties.

Once we invited a lot of big Vs or KOLs to come to our side to publish a book, and most of the responses we got were: "Great, I am very interested, but you have to wait for me to write the book before I can come to you to develop it". But how many people can write a book of more than 100,000 words? So the threshold for this writing head bloggers and KOLs is very high.

In the past, the barriers to publishing and distribution were still relatively high, so this new V3 lowers the threshold not only for publishing, but also for helping others to publish.

And the spirit of free publishing is what we have been carrying out. With the new V3 version, we will lower the entire publishing threshold. Anyone can sign up and fill in the main content. As long as there is an idea, the name of the story can be left unwritten, just leave this field blank. You can publish your own book, and you can add or modify it later. If there are people to support it, it will keep writing, and hopefully the content will be accelerated. At least that is the rule: good money drives out bad money. This content will not be limited to text, it can be text content, pictures, music, videos, animations, etc. All content will be gradually maintained.

Summary of V3 gameplay

1.V3 is also iterated on the basis and spirit of the above, the core of the biggest iteration is: Every MINT an increased price of the next one, that is, each MINT triggers a new gameplay with a higher value of the next MINT.

Simply speaking, each MINT will make the next MINT more expensive, while the cost of the first MINT or early MINT is very low.

This will also be the core gameplay of our V3. This core gameplay is very similar to the very popular Friend.tech. The reason why Friend.tech has become popular recently is because it is really different from the previous release of NFT, the mode is very light, Twitter IP account threshold is extremely low, and it's very quick to get started.

We are thinking along the same lines as them with this upgrade, and it is very coincidental that we have all come up with the same idea. And we do have content as a deposit and will be accumulating a very large number of content works very quickly.

2. The biggest feature of the new brand V3 is Anyone can publish their own work and also serve as the publisher for any work.

3. Shares minting threshold will be greatly reduced.

The minting cost will be drastically reduced, and no in-game scrolls will be needed, so people can just MINT Shares with RCM. Of course, if you want to go to the Read2N MINING game, you will need to upgrade this Shares to NFT to be able to do mining, but if you are just going to speculate on this Shares, you don't need to upgrade it.

Q&A Section

What NFT assets is the market looking forward to and what will be the empowerment behind NFT assets?

Like the very hot Friend.tech deals with the IP of this individual's Twitter account, so how many of these late ones are profiting? How much did the big Vs actually transfer? All of these questions are probably hit with a question mark.

As an example: this game is equivalent to selling the flesh of a person's body, even if you own all of his flesh, there is no way to take it away from him, because there is no way that this asset is independent of the subject.

And we believe that the content created by each published person can be a better asset, there are content and tokens. For example, if a person wants to share some kind of life experience with everyone, the content resources they create are linked to that person but are independent of that subject, making empowerment and transactions more meaningful.

*Part of the content for personal understanding, if there is a difference in understanding you can move to Twitter Space to listen to the replay.

About Read2N

Read2N is the first web3 global publishing platform powered by ChatGPT, committed to building a decentralized content translation and dissemination community based on blockchain and ChatGPT technology, driven by X2E and transactions. Help every literary work that chooses Web3 to spread to every corner of the world at an unprecedented speed.

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