NIM Network: Can the first RollApp on Dymension become a killer app?

2024-03-07 13:38

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Original title: "Dymension "draft season" is coming, RollApp airdrop and the birth of Web3 killer application? 》

Original author: Peng SUN, Foresight News

Recently, NIM Network launched the first RollApp on Dymension and submitted it in the community Mainnet online proposal. As soon as this news came out, the long-awaited airdrop expectation immediately attracted the attention of the community. At the same time, RollApp on Dymension has also launched a competition recently, and the RollApp War is about to begin. So, what is NIM as RollApp, what is its utility, and how will its token economics be distributed? Will the modular track usher in airdrop bombing due to the emergence of many RollApps? The “draft season” is approaching, which RollApp projects will be the first to be successful? For this series of questions, let’s start with NIM Network.

What is NIM Network?

NIM is the first RollApp on the Cosmos ecological modular settlement layer Dymension. It is supported by Celestia DA and the execution environment is EVM. First, what is RollApp? RollApp is a combination of Rollup and App, a high-performance modular blockchain on Dymension dedicated to specific applications.

In terms of the relationship with Dymension and Celestia, it can be understood as follows: RollApp's sequencer is responsible for the verification, sorting and processing of local transactions. After the blocks are packaged, is transferred to peer full nodes and published on-chain to the DA network selected by RollApp. Here, NIM chose Celestia as its modular DA layer. After the data is responded to by Celestia, the sequencer will send its state root to the Dymension Hub for consensus and settlement.

In other words, NIM hands consensus and settlement to Dymension, and data to Celestia. It can share economic security with these two networks, and it only needs to focus on to the execution of the application itself. NIM is such a RollApp, which aims to create an ultimate environment for AI games. It can be understood as an AI game application chain focused on building game applications.

We still don’t know who the NIM development team is, and the number of team members has not been announced. However, the proposal revealed that the team has been deeply involved in the field of games and cryptography in the past three years, investing and incubating dozens of projects, with an investment portfolio of over US$50 million, and has built an early game ecosystem. Perhaps the accumulation is sufficient, or perhaps Web3 games have not fully utilized the capabilities of the blockchain and have been unable to achieve large-scale adoption and cannot compete with Web2 games at all. Therefore, NIM attempts to strengthen the synergy between games and blockchain, improve the on-chain elements of Web3 games, leverage the capabilities of blockchain in ownership and incentives, and improve user experience. Currently, the team has developed the first AI game project REDACTED, which will focus on AI agents and encryption infrastructure.

NIM’s future planning is divided into 3 stages:

The first stage: NIM will form an AI game alliance, The consortium will be made up of games, applications, infrastructure and tools projects to unify components across the modular stack to provide users with a better gaming experience, customize native functionality and build initial governance.

Phase 2: The focus is on building a unified game application.

Phase 3: Building the NIM flywheel, allowing everyone including stakers, governors, and partners to become part of the economic cycle, enhancing the capabilities of new gaming applications Native ability. These applications will generate fees to fund more applications and reward community members, creating a compounding effect.

NIM Token Economics

NIM is the native token of NIM Protocol and is used for payment Transaction fees and staking DYM, USDT, USDC with the application. The total supply of NIM has not yet been announced, but we can know the distribution of NIM in advance:

9% will be used for Genesis Rolldrop (can be understood as Genesis Airdrop) ;

41% will be used to develop the ecosystem and R&D to ensure long-term returns, AMM and CEX incentives;

10% will be allocated to the community treasury to promote growth, grants, incentives and investments in the NIM network;

19% will Distributed to investors;

13% will be used for token sales;

8% Will be assigned to early contributing teams.

As mentioned before, since NIM uses Celestia as the DA layer and Dymension as the settlement layer, TIA and DYM stakers will have a high probability of getting Genesis airdrop. Additionally, more token distribution details will be released in the coming weeks.

RollApp War: Can community-centered Killer App be born?

Another very interesting point about NIM’s launch on the mainnet is that the RollApp project party must submit a draft to the governance forum, which must be completed within 7 days. Submit an on-chain proposal, and it can be deployed to the mainnet when the Dymension network is upgraded after it is finally approved by community voting.

According to the RollApp proposal template suggested by Dymension, the RollApp proposal must include a description of the project, introduction of team members, whether the project has native tokens, token allocation, roadmap, social media, etc. detail. Therefore, any launch of Rollup will be very decentralized, and users’ understanding of the project will be more fully transparent. Community users’ suggestions and votes for RollApp may also play an additional role in promoting the development of the application. Of course, RollApp's requirement to announce the token distribution is also the greatest respect for the community.

Outside of NIM, perhaps Dymension will also usher in a RollApp War. We can first take a look at the testnet data. Currently, more than 15,793 RollApps have been deployed, and 1,164 RollApps have been launched.

Currently, Dymension has launched "The RollApp Draft" contest, RollApp developers can By presenting their projects to the community on the forum, approved RollApps will receive funding, community support, community awareness and liquidity incentives, and multiple incubators and hackathons will participate in The Draft as an established mentorship program on top of the open framework. In other words, many projects have been deployed and tested on the testnet, so in the future on the mainnet, we will see more and more RollApps appearing, as well as potential airdrop rewards for DYM stakers.

Dymension is the first airdrop in 2024, and most users have also recognized the potential value of the modular settlement layer. As a solution to the impossible trilemma of blockchain, decoupling individual blockchains through modularity can improve network expansion capabilities and operating efficiency without losing security. Its future potential is self-evident. Similarly, when RollApp does not have to worry about network scalability and security issues and only focuses on the product and application itself, we will have more confidence to look forward to the emergence of Killer App. After all, it’s best to leave professional matters to professionals.

RollApp War is undercurrent. I believe many teams are gearing up, trying to compete and win community recognition. In the future, solutions based on modularization will inevitably lead to fierce competition in different tracks, because everyone hopes to be the first to run out, so that Web3 can truly conquer users with applications. But from another perspective, this war may not be a zero-sum game, but a positive-sum game, because RollApp’s opponent may no longer be Web3, but Web2.

Finally, back to NIM today, what exactly is the AI game it is going to make, how will it innovate Web3 games, and can large-scale adoption be achieved? We don’t know, but new narratives will always have new expectations.