Ready Player Cat NFT

Ready Player Cat NFT (RPC) - Web3 Cat Metaverse Quick Profile

Project Overview

• Online Time & Minting Method
  Launched in August 2021, using the Loot-box model "born one by one", with a total of about 4,960 pieces, fast minting speed, and easy to buy on the chain.

• The issuance of public chains and market channels
  is based on Ethereum (ERC-721) and can be traded on platforms such as OpenSea, Rarible, Blur, LooksRare, etc.

• The total amount of issuance < BR / > series has a total of 4,960 unique cat characters, and no additional cat characters can be issued.

• Floor Price & Market Performance< br /> latest floor price is close to 0.23 ETH, with limited 24h trading volume but secondary active, with an overall market capitalization of about 4k ETH+ and a total turnover of about 3,949 ETH.

Team Background and Ecological Positioning

• The project vision
  RPC is launched by a team known as MAO DAO, positioned as an "Oriental Web3 native IP", with the goal of building an ecosystem integrating games, communities, and entertainment.

• Technical implementation and structure
  smart contracts adopt a loot-box type one-by-one casting method, which has the characteristics of "upgradeability" (centralized control of contract logic), but it has caused security controversy.

• Community size and participation< BR/> currently holds about 1,569 addresses, and the holders are scattered; The Discord and Twitter communities are active, but generally niche.

Business Model & Intellectual Property

• Revenue Model

  :

  1. Initial Loot-box Sales;

  2. Rakes on secondary market transactions (some platforms set 2.5% creator royalty);

  3. In the future, it may develop into a DAO community or in-game application (MAO DAO ecological direction).

• IP & usage rights structure
  holders have the ownership of collectibles and can be used for social avatars, but the smart contract is centralized, the content storage method is opaque, and the IP usage rights rely on the community agreement and official instructions.

Disputes and Challenges

• Centralized Contract Risks
  technical review pointed out that contracts can be upgraded, meta-data centers are placed, and NFT elements may be manipulated or taken offline once the platform behavior changes or security issues arise.

• There is a lack of landing applications in the ecosystem< although the vision >of the game and DAO architecture is envisioned, the actual gameplay or interactive system has not yet been formed, and the current use is mainly at the level of collection and socialization.

• Limited liquidity< although the BR/> lineup is priced steadily, the trading activity is not high, and user enthusiasm fluctuates.

• The advantages of the eastern market are yet to be released< BR/> project concept focuses on Chinese community, but the ability of international expansion needs to be strengthened, and the popularity limits the cross-language influence.

Conclusion

Ready Player Cat NFT (RPC) is a Web3 cat avatar series with Chinese characteristics, minted in the Loot-box model and expected to develop into a MAO DAO metaverse IP. It blends collectible, social, and possible game mechanics for the future, showing a unique platform direction. However, due to the centralized control of smart contracts, the lack of actual game and DAO function implementation, and the limited ecological activity, it is more suitable as a tool for small and medium-sized collections and community interaction in the short term. If we want to realize the vision of "native entertainment IP", we still need to usher in substantial breakthroughs in technical security, functional applications, and ecological deepening.

If you are concerned about technical review, contract upgradeability risk, MAO DAO gameplay framework, or community active solutions, you can continue to conduct in-depth analysis.