TWIN GALAXIES's FeedTWIN GALAXIES
Dear Twin Galaxies Community,
We are excited to share that we have been diligently working towards re-establishing the issuance of Twin Galaxies achievement certificates. The progress has been promising, and we anticipate rolling out a more modernized process soon!
Before we launch, we want to elucidate our objectives and provide you with an opportunity to consider, prepare for, and contribute to the upcoming transformation. Below, we outline the main objectives we are targeting with this modernized approach:
Unique Certificate Authenticity: Each issued certificate will be uniquely serialized with only one official copy in existence. Any fraudulent duplication attempts will be inherently detectible, ensuring the security and exclusivity of the certificate.
Customization: Certificate holders will be empowered to select the physical size, print quality, framing, paper and ink type, giving them full control over how they wish to display their achievement.
Verifiable Authenticity: We will provide a system for anyone to verify a certificate's authenticity and achievement data through our website using the certificate’s unique ID.
Tradeability: We aim to facilitate buying, selling, trading, and collecting of TG certificates, establishing each certificate as a collectable item with its unique ownership chain.
Financial Benefit for Players: The players named on TG certificates should gain from any trading activities involving their certificates, recognizing the value they bring through their achievements.
To implement these objectives effectively, we are leveraging blockchain technology, turning each certificate into a Non-Fungible Token (NFT). Despite the complexities involved, we believe that this technology holds the key to achieving our desired features.
Here’s a tentative outline of how we plan to realize this system:
A player's performance is successfully adjudicated through TGSAP, and the player is offered the chance to purchase a unique TG Certificate (NFT) associated with their achievement at a fixed price.
If the player opts to buy, they receive the TG Certificate (NFT) and access to a high-resolution image of their certificate for printing purposes. This image will contain all relevant information, including serial number, date, achievement description, and more.
Purchasing the NFT gives the player legal ownership and full rights to the certificate's image data. While others may copy the image, only the NFT owner can sell/trade the certificate and issue DMCA takedown notices for unauthorized displays.
If the player declines the purchase, the certificate is made available for public purchase. However, the certificate is only issued once someone purchases it.
If there are no takers, the certificate doesn't materialize, though the achievement remains recorded in the Twin Galaxies database.
One pivotal feature of our proposed system is the players' ability to benefit from any third-party transactions involving their certificates. This is possible through a smart contract, which can automatically distribute a portion of transaction proceeds to the player featured on the certificate, regardless of the certificate's ownership. This could potentially yield significant returns if a particular TG Certificate NFT escalates in collector value.
We are fervently working to implement these features, and while we're making headway, there's still much to do. One benefit that will be secured by this approach is the immediate issuance of certificates, excluding any shipping or handling hassle!
Please note that these plans are not yet final. If we find that the blockchain solution is unsuitable, we may reassess some features. Regardless, Twin Galaxies will continue with its approach to issuing serialized certificates digitally, allowing recipients control over the physical printing process.
We value your thoughts on this endeavour, so please feel free to share them. Let's make this exciting transformation together!