# Social Background

## <mark style="color:orange;">**Blockchain Development**</mark>

Since the publication of "Bitcoin: A Peer-to-Peer Electronic Cash System" white paper by Satoshi Nakamoto in mid-2008, developed around blockchain technology, it has changed the trusted transmission mode of information and bred digital currency, a virtual asset formed by consensus through recognized technology. This document is regarded as the beginning of blockchain technology.

With the 13 years of development of bitcoin, its underlying application technology blockchain has gradually been known, studied, and applied by people. The decentralization of blockchain technology, data tamper ability, cryptography encryption performance, traceability, and other characteristics have obvious advantages in the credit security, transaction security, and prevention of economic crimes of digital currency, which plays a great role in promoting the development of the digital currency.

With the development of science and technology, living in this era, our destiny is controlled by big data. We live in a virtual world were built by programs and computers every day. Most people have not realized it yet, and more people are unable to break free. This may mean that the process of human development has reached the node where the real world began to migrate to the virtual world. Under such a background, the concept of Metaverse soared.

Metaverse aims to create a virtual digital second world independent of the real world so that users can live freely as digital identities. Its core lies in sustainability, real-time, no access restrictions (multiple terminals), economic functions (with its own closed-loop economy), connectivity (connecting the real world through terminals), and creativity (PGC\&UGC). This game is the best carrier of Metaverse, and with the online activities increased by Covid19 since 2020, Metaverse-related games have increased application scenarios, such as the famous singer Travis Scott holding the concert in Fortress night and the Berkeley College held the graduation ceremony in Mine Craft. Domestic game manufacturers actively promote Metaverse concept projects, such as Tencent Tianmei plan to build a next-generation game to compare with Ready Play One Easter Egg Party and Lilith's UFO: Afterlight, focusing on social elements, and MIHA cooperative with Ruijin Hospital to invest in brain science, etc.

Metaverse concept stock roblox21 was listed on the New York Stock Exchange on March 10, 2001. It is a creative game community platform with an average daily live user of 32.6 million. Roblox's business format is very special, with the attributes of game, development, and education. It not only provides players with games but also provides free tools for players to create games by themselves, that is the developer edition. Its social attributes, users' own output content, real-time involvement, independent closed-loop economic system, and other characteristics all fit the concept of Metaverse. Roblox's annual revenue was US $924 million, with a year-on-year increase of 80.39. The revenue increased steadily. The annual revenue of mobile games exceeded US $1 billion. The number of active developers of the platform was close to 8 million. At present, Roblox's single-user valuation is about US $236.

## <mark style="color:orange;">**Digital Collection NFT**</mark>

The development of blockchain technology gives birth to NFT (Non-Fungible Token). The emergence of NFT, a digital collection with a value scale, defines a new era: players no longer need to rely on a trusted third party, which issues assets to maintain the rarity of their items, but can completely rely on independent, anti-censorship, non-trust and transparent entities, Both the code on the smart contract and the files stored on the blockchain.

However, earlier blockchain games lacked many important functions of decentralized technology, such as storing these NFT files. Here we specifically refer to game props, which may be composed of multiple pieces of code multiple pictures, and even video files. The storage space required is not small, and it cannot be carried by a random server, Benefit from the distributed storage technology, we have a more decentralized, safe, and convenient storage medium. Troy will use IPFs (InterPlanetary File System) to store NFT files. It is a relatively mature distributed storage with large storage space in the current market.

Although the encryption world is far from perfect, we still believe that the game prop market is huge, and the number of game lovers is better than other types. At present, the market growth of the game props market mainly comes from the sales of game props directly sold by publishers, The huge potential of the high liquidity market of a player earning game props has not been explored (and the latter is the main purchasing power. In the stock market, it is obviously unreasonable if we only count the performance of listed companies for evaluation, but in the game market, it is reasonable to evaluate the market growth only by the performance of developers).

From the perspective of development trajectory, many games are also changing from service-oriented to player creativity, which is a general trend. The listing of Roblox, the first sandbox game platform in the metaverse, is enough to illustrate all this. A player earning game props will only increase with time without attenuation. However, in many blockchain games, gamers are still unable to trade and cash game props, which results in huge losses. We are giving every attention to prevent that from happening.

## <mark style="color:orange;">**NFT+DEFI+Game**</mark>

NFT is a new carrier of the future game industry, and DEFI is a new economy in the future game system, providing a credible and intelligent economic ecology for the game ecosystem.

Troy makes use of blockchain technology and combines it with the concept of NFT + Defi to combine it with the game. Create a GameFi ecosystem through the ecosystem of the mobile pool, mobile mining, and NFTs + DeFi + games.

GameFi's infrastructure will not only find the best liquidity mining revenue strategy for users but also cast NFTs that are different and can be used to upgrade and trade.
