Epics DAO, a social contribution BCG that supports open-source development, has released a video explaining its efforts
Epics DAO, a social contribution BCG that supports open-source development, has released a video explaining its efforts
Epics DAO (Operating: ELSOUL LABO, Headquarters: Amsterdam, Netherlands), which operates a social contribution BCG (blockchain game) that supports open source development, published a video explaining the DAO's efforts on YouTube.
Epics - Social Contribution BCG (Blockchain Game) for Open-Source:
Social Contribution BCG (Blockchain Game) Epics
Epics is a social contribution blockchain game. Let’s realize a sustainable open software development environment for the prosperity of society. Gamification with incentives creates a virtuous circle where more play solves social problems.
Challenges of Open-Source Software Development
In 2022, 97% of the world’s software contain Open-Source code, and 90% of companies use it in their businesses (2022 Synopsys: OSSRA, 2022 GitHub: Octoverse, The state of open source software). Open-Source software can be freely used by anyone for free and is developed and improved by developers worldwide, so it is of high quality. Therefore, the mainstream is combining Open-Source software to create software for your business.
Open-Source software is the core of modern innovation, but its development environment has problems. The “percentage of open source software in all codebases,” which was 10% in 2010, has increased sharply to 78% (2022 Synopsys: OSSRA) in 2022, an eightfold increase in about ten years. Even though the cost of developing and maintaining Open-Source software continues to rise, enthusiastic developer volunteers still do it free of charge.
Due to this serious lack of resources, many projects have been forced to stop development despite their high usage. As the number of bugs increases and usage increases, many problems still need to be addressed. “Percentage of open source code with high-risk vulnerabilities” is 48% (2023 Synopsys: OSSRA). As a result of ignoring the increased development costs, unfortunately, the current situation is that about half of the software has been exposed to danger.
On the other hand, the cost-effectiveness of investing in Open-Source software is high. The European Commission will publish its first study and paper on the economic impact of open source in 2021, reporting a high cumulative contribution of 1:10 to the EU’s GDP in 2018 ( 2021 European Commission: The effect of Open Source Software and Hardware on technological independence, competitiveness, and innovation in the EU economy).
It is a socially critical mission to increase active investment in Open-Source. Epics DAO accomplishes this mission by developing and operating a social contribution blockchain game.
Blockchain Game for Social Contribution
There are three missing resources in Open-Source software development. Development resources and funding, and awareness of the issue. Epics players can choose one of three jobs, Dev (development), Investor (investor), and Degen (PR), and earn a lot of points by taking corresponding actions (development, investment, PR).
The game awards point for contributions to real-world Open-Source software development, and stats rise accordingly, showing that strong players contribute to open source. In other words, your Epics status now represents your social contribution, and that contribution is designed to lead to rewards. We will build a virtuous community ecosystem where players seek their incentives and solve social problems by enjoying the game.
New Economy with Blockchain Technology
By utilizing blockchain, it is now possible to build an environment that could not be realized before. It is possible to return profits to the community through the token economy while reducing costs such as the omission of middlemen and the management of sending and receiving money that sometimes involves complicated international remittances.
By giving correct rewards to the contributors to the community and platform according to their degree of contribution, it will be possible to operate the community and platform more healthily and have the potential to solve many social issues.
In the case of Epics, by developing a game platform linked to the real-world problem of a serious lack of resources for Open-Source software development, there are incentives for developers, investors, and public relations, and each has fun and incentives to solve social problems.
We believe that the “New Economy” that combines blockchain and gamification will solve problems that have not been solved until now.
For more information, please read the White Paper from Epics Official Website: https://epics.dev/en/
Not a Financial Advice. Do Your Own Research.
Thank you for reading to the end.
Please join the Epics Discord community if you’re interested in what we’re doing.
Epics Discord Community: https://discord.gg/GmHYfyRamx
