KatsuLand Lite Paper for MoleHack
Introduction
Discord has been the main platform of choice for NFT projects and creators to engage their communities. In most cases, there is a need for exclusive channels, only accessible by the NFT holders. This is for various purposes, such as
holders-only giveaways,
project partnership allowlist distribution to token holders,
DAO operations such as proposals and votings, etc.
In order to have a self-served and easy way for NFT holders to verify their ownership, and thereby obtaining a role that will grant access to the exclusive channels in the Discord servers, a Discord bot is required to facilitate that process. Currently, the most widely used bot that fulfils this purpose is Collab.Land.
While Collab.Land is a great bot, we find that there are huge gaps, needs and problems that are largely unaddressed, and Katsu.Land is created to address these issues.
The Unaddressed Issues
We have identified various areas where there should be innovation and improvements, but we have prioritised these three pain-points:
Lack of support for up-and-coming NFT communities existing on alternative chains
Lack of incentive for long-term, continual support and development
Lack of a solution to account for staked NFTs
Lack of Support for Other Chains
There is a whole new world out there, other than Ethereum, and its layer 2s. There are many up-and-coming chains that have a burgeoning NFT space, and these NFT projects do not have a way to provide their holders Discord channel exclusivity.
Katsu.Land aims to address these groups of under-served NFT communities.
Lack of Incentive for Long-term Development
All project will require a certain incentive structure to fund the continual development and support of the software. Katsu.Land aims to innovate in this area, by introducing NFT-enabled access to the premium version of Katsu.Land.
In order to have full Katsu.Land feature access, Discord server owners will need to hold a Catto Katsu NFT, and link with the bot.
This creates the effect of driving demand for the Catto Katsu NFT. In the immediate term, bot development can be funded by mint proceeds. In the long term, the continual development and support of the bot can be funded by the secondary sales royalties.
Lack of Solution to Account for Staked NFTs
As the NFT market matures, NFT projects are increasingly not just profile-pic (PFP) projects. Many projects are exploring additional utilities for their NFTs, and many of these utilities will require some form of staking, where the NFT is transferred from the holder's wallet, and locked in a staking contract. The staking could be for utility tokens, or a game, etc.
When a Discord server member with a verified ownership status sells or transfers the NFT out from the wallet, the bot should revoke the role grant that allows the member access to the exclusive holders-only channels.
However, there are legitimate cases where the tokens are transferred out from member's wallet, but the role grant should still stay with the member instead of being revoked, like the aforementioned cases of staking.
This will be Katsu.Land's key innovation, and the main feature to build for the purpose of participating in MoleHack.
Current Project Status
The Katsu.Land project was started on 5 Dec 2021.
The current Katsu.Land resolves the first two issues to a satisfactory extent.
At the time of writing, Katsu.Land supports
Ethereum
Polygon
Avalanche
Fantom
Harmony One
Premium features of Katsu.Land can be activated via the bot's Discord slash command, by linking an owned Catto Katsu NFT, either via mint, or secondary market.
Hackathon Focus
The key focus of Katsu.Land in the hackathon is to innovate and address on the third issue we raised (Lack of Solution to Account for Staked NFTs).
The solution should ideally be
interoperable on multiple chain,
staking contract agnostic,
and computationally light & fast
Appendix & Resources
Katsu.Land website: https://katsu.land/
Katsu.Land Doc: https://docs.cattokatsu.com/katsu.land/introduction
Catto Katsu NFT website: https://cattokatsu.com/
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