OUR THOUGHTS
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OUR THOUGHTS •
Growing from the Zeitgeist: Base L2
Vision 03
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The case for Rums on Base
Harnessing the Power of Decentralized Infrastructure for Enhanced Consumer Experiences
Base, launched by Coinbase, represents a significant advancement in the blockchain space as a Layer 2 solution built on the Ethereum network. Utilizing the Bedrock release of the OP Stack, Base maintains close operational similarity to Ethereum, ensuring minimal discrepancies for developers while offering enhancements such as reduced transaction costs, improved scalability, and an environment conducive to rapid development and deployment of decentralized applications (dapps).
Advantages of Building on Base for Rums
Reduced Transaction Costs and Enhanced Scalability:
Building Rums on Base allows for the leveraging of Ethereum's security and decentralization while significantly reducing gas fees and improving transaction speeds. This is crucial for Rums, as the platform requires the capacity to handle numerous small transactions efficiently, such as booking accommodations and processing payments.
2. Seamless Integration with Ethereum-Compatible Tools:
Given that Base is designed to be as close to Ethereum as possible, Rums can utilize existing Ethereum development tools and infrastructure. This compatibility removes barriers for developers and enables a smooth transition and deployment of existing smart contracts and dapps from Ethereum to Base, making it an ideal ecosystem for Rums to thrive.
3. Focus on Decentralization and Community Governance:
Base's commitment to decentralization aligns with Rums’s ethos of community empowerment and transparent governance. By building on Base, Rums can participate in a broader ecosystem that values and prioritizes user control and decentralized decision-making processes.
5. Optimized for Consumer-Friendly Applications:
Base is tailored to not only support but also enhance user experiences by reducing the complexity and costs associated with blockchain interactions.
For Rums, this means the ability to offer a blockchain-based service that is accessible to a mainstream audience, not just crypto natives.
The lower barriers to entry and simplified user interface potential on Base make it a suitable platform for Rums’s consumer-focused features.
Strategic Collaboration and Ecosystem Synergies
Base’s operational structure promotes interoperability among various L2 solutions, envisaging a future where multiple rollups and networks work cohesively as a "Superchain". This environment enables Rums to interoperate seamlessly with other dapps, enhancing the user experience through integrative services and cross-platform functionalities.
Additionally, the collaboration between Coinbase, OP Labs, and the Optimism Collective underlines a strong community and support network, providing Rums with strategic resources and partnerships necessary for scaling and innovation.
Rums and Base - A Future-Oriented Match
Choosing Base as the platform for Rums leverages cutting-edge blockchain technology to deliver a decentralized, efficient, and user-friendly service.
This decision not only aligns with the technical and operational goals of Rums but also positions the platform at the forefront of the evolving landscape of consumer-centric blockchain applications.
By integrating with Base, Rums is set to redefine the travel and cultural engagement experience, making it more accessible, secure, and engaging for users around the globe.
The Gap: Crypto Infra vs Consumer Apps: Rums
Vision 2
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Why Rums, why now?
The Shift from Infrastructure to Consumer-Centric Models in Crypto
The cryptocurrency landscape has been dominated by an infrastructure-based economy, primarily focusing on developing the underpinnings for trading, financial services, and decentralized applications. This foundation is critical for supporting blockchain technologies and their complex ecosystems.
However, while robust, this approach predominantly engages those already familiar with or invested in the crypto world, often neglecting the potential to reach a broader, mainstream audience. In contrast, a consumer-app based economy pivots toward integrating blockchain into everyday applications that are more directly relevant and immediately useful to the general public.
This shift aims to bridge the gap between high-tech blockchain solutions and the routine needs of everyday users, capturing value by enhancing common experiences with the efficiency and security of blockchain technology.
Crypto Solutions to Everyday Problems
The integration of stablecoins to hedge against inflation and store value in African and Latin American markets provides a poignant example of how blockchain technology can offer tangible solutions to everyday problems. In regions plagued by currency volatility, stablecoins offer a stable and reliable means for transactions and savings, protecting users from the harsh impacts of inflation.
This practical application of crypto technologies underscores the potential for blockchain to extend beyond speculative investments into more utilitarian roles.
Rums takes a cue from this application, extending blockchain's reach into the hospitality industry. By tokenizing accommodation bookings, Rums not only enhances the security and transparency of transactions but also simplifies the booking and management process for both hosts and guests.
This application of blockchain to a familiar service models how traditional industries can be revitalized, making them more accessible and appealing to a wider audience, including those outside the typical crypto-savvy demographic.
Catering to the Crypto Native with an Eye Towards Mainstream Users
Rums strategically positions itself at the convergence of traditional business models and blockchain innovation. The platform appeals to crypto natives through its use of familiar blockchain technologies, such as smart contracts and tokens, while also attracting mainstream users by solving common issues in the hospitality industry like payment security, booking flexibility, and transaction transparency.
This dual approach not only serves to familiarize non-crypto users with blockchain benefits in a practical context but also enhances their overall experience by leveraging technology to provide better services.
Moreover, Rums’s model promotes a deeper integration of blockchain into everyday life, showcasing how these technologies can go beyond niche markets and serve as foundational tools for a variety of consumer applications.
The State of Crypto and the Necessity for Consumer-Driven Applications
The need for a transition from an infrastructure-focused to a consumer-centric blockchain economy is becoming increasingly apparent. Infrastructure developments have successfully established the groundwork, yet the next phase of growth for the crypto industry lies in its ability to address and integrate into the daily lives of the general populace.
By adopting consumer-driven applications, blockchain can broaden its impact and relevance, offering more than just financial instruments or speculative assets. Rums exemplifies this evolution by proving that blockchain can provide practical, everyday benefits, thus paving the way for greater adoption and appreciation of this technology among a wider audience.
An Odyssey of the Unseen Cities
Vision 01
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Manifesto
Every room opens to unseen geometries of space and time, and every stay promises a revelation, not just a destination.
Imagine a city where every corner whispers a secret, where every moment is woven with the invisible threads of blockchain, binding bricks with bytes in a silent pact of innovation. Rums offer a portal. Our first gateway opens in the heart of Mexico City, not as a pin on a map, but as a beacon of what lies beyond the traditional.
In the spirit of those intrepid souls who once set sail to uncharted lands, Rums invites the crypto native to embark on a voyage through the IRL cities. These are places where the digital pulse of blockchain technology and the age-old rhythms of urban landscapes meet and meld. Each token, each night spent in our network of sanctuaries, is more than a transaction—it’s a testament to a movement.
With 2,920 tokens mirroring the same number of opportunities to rediscover the world, we initiate our journey. Each room in our inaugural home does not confine; it liberates. This apartment, my apartment, serves as the first embassy of an emerging world. It’s an act of rebellion—a declaration that even the most private spaces can echo with the pulse of the public spirit.
Our approach is not just about creating spaces, but about catering the adequate real world on-chain output curating experiences that resonate with the depth of culture and the height of technological advancement. We are carving out a realm where the spirit of the place is encrypted in every interaction, every exchange.
Live the unseen