ABCDE Why We Invest in GasZero

ABCDE Invests in GasZero

Author: BMAN & Kris

GasZero is a gas-free layer 2 blockchain network that allows trusted users to transfer funds and use decentralized applications without any gas fees. The vision of GasZero is to bring one billion users to web3 and provide them with zero gas fees and frictionless interaction.

In the Web2 deployment test, GasZero significantly improved the conversion rate of users onboarding to Web3, with a 146-fold increase in conversion efficiency compared to blockchain networks with gas fees. Additionally, in the 0 gas blockchain environment, users’ lifecycles in dApps are greatly extended, as gas fees have always been a significant cost of using blockchain.

ABCDE led the angel round investment in GasZero.

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1. GasZero increases the conversion rate of new transaction users from Web2 to web3 by 146 times

We have been working hard to bring Web2 users into Web3, but there are three major obstacles for Web2 users:

1. Mnemonic phrases

2. Fiat currency channels

3. Gas fees

These three roadblocks are extremely difficult learning costs for Web2 users, and each one can discourage a large number of users. When testing the conversion rate of traditional blockchain networks in Web2 deployment, the conversion rate is only 0.15%, while in the gaszero environment, this conversion rate can reach more than 22% (as shown in the figure below).

So, when can we enable our parents to use blockchain with zero learning costs, and when can blockchain truly achieve massive adoption? Now we already have MPC/AA products like LianGuairticle Network for mnemonic phrases and products like MoonLianGuaiy for fiat currency channels, but there is still no systematic solution for gas fees. GasZero is the first solution that delves into the underlying layer of the blockchain.

GasZero integrates the MPC/AA solution from LianGuairticle Network, the fiat payment solution from MoonLianGuaiy, and the 0 gas fee blockchain solution. In the testing on platforms like Google and Facebook, the same advertising conversion rate has increased from 0.15% to 22%, a 146-fold increase.

GasZero removes the barriers for Web2 users to enter Web3, making the product experience of Web2 and Web3 indistinguishable. It allows users like our parents who have never used blockchain before to enter Web3 seamlessly.

2. GasZero Technical Features

In the GasZero network, gas fees for users are subsidized through “backend subsidies”. “0 Gas” refers to trusted end users being exempt from gas fees in transactions and smart contract interactions. The waived gas fees are recorded on the network and paid by dApp developers or GasZero itself through Infra Fees. If a user’s transaction does not meet the criteria for waiving gas fees, they can still choose to pay the gas fees themselves to complete the transaction.

When users initiate on-chain interactions in GasZero, their MetaID, MetaShield, and credibility Oracle are comprehensively analyzed to determine their eligibility for gas fee exemptions. This analysis includes the following factors:

Whether the user is on the whitelist of the contract.

Whether the user is flagged as a malicious attacker or spam sender.

Whether the user interacts with different EVM chain assets.

Qualified users can enjoy the privilege of free gas fees (customizable for specific time periods, frequencies, and contract interaction options).

Note: The 0 Gas solution of GasZero is different from the delegation payment method of AA Wallet. It operates at the node level, providing a higher level of flexibility and security. Compared to the method of prepayment and reimbursement, it can also provide a better user experience.

In order to achieve 0 gas, GasZero’s technical solution requires saving gas on the traditional chain. The GasZero team adopts an optimized zkEVM architecture, which itself has low zk cost. In addition, the cost of DA can be further reduced by adopting a self-built DA method. The team can also partially cover the cost through node miners, etc., to achieve the goal of 0 gas.

In addition, in order to prevent fraud, GasZero has cooperated with some DID projects. Existing web3 users can verify whether they are real users through ZK Me or by accessing the SDK of Worldcoin. For new web2 users, the number of transactions they can initiate within a certain period of time can be limited to prevent network congestion and waste. And a more secure version of RPC node is designed to ensure the security of the transaction process. The team has accumulated a lot of experience in anti-fraud measures in previous game experiences, which is helpful in reducing incidents of fraud and attacks.

Key elements in the product:

MetaID:

MetaShield:

Meta Shield is an important auditing mechanism for the 0 GAS service on the GasZero platform. When users initiate transactions in any dApp, it triggers a comprehensive evaluation by Meta Shield, which includes the following:

1. First-level dynamic policy: Filtering out users engaged in fraudulent activities or operating multiple accounts.

2. Application whitelist: Checking if the user initiating the transaction is whitelisted by the dApp.

3. Credibility Oracle: The main logic of the credibility system is to evaluate the user’s historical behavior data on and off the chain, thereby giving a comprehensive score indicating the user’s quality.

4. Second-level dynamic policy: Providing more flexible customization options, such as a daily limit on the platform’s assumption of transaction fees.

5. Contract whitelist: Checking if the user interacting with the contract is on the whitelist.

Credibility Oracle:

The GasZero Credibility Oracle evaluates and assesses GasZero users based on multiple dimensions. This includes factors such as the integrity of account information, wallet address activity, and platform contributions. The oracle conducts comprehensive analysis of the collected data, assigns scores based on different dimensional weights, and ultimately provides corresponding scores for all GasZero users. When a user’s score reaches a set threshold, they are entitled to the privilege of 0 gas transaction fees.

3. Refactoring the Business Model of Web3 Chain

The previous business model of Web3 blockchain was based on a rent-seeking model where users and Dapps pay rent. Users and Dapps are required to pay gas fees for every transaction, which become the income for the chain and miners. However, this rent-seeking model severely affects the value experience of users and Dapps. Who would be willing to pay fees for every single operation? This is also one of the reasons hindering Web3 from achieving massive adoption.

GasZero is refactoring the blockchain business model by subsidizing users’ gas fees to achieve a zero entry barrier, capturing a large number of users, and then realizing commercial monetization. This model has been repeatedly played out in the history of the Internet:

In 2005, Shanda introduced the “game free, value-added services charged” model through the game “Legend”, implementing a comprehensive free model for its games and creating a new profit model for the online gaming industry – CSP (come-stay-LianGuaiy), becoming the strongest online game.

Qihoo 360 antivirus defeated software such as Rising Antivirus and Kingsoft Antivirus through its free model, and became the antivirus software with the largest market share through the “software free, advertising charged” model.

We believe that by using backward charging and subsidizing users, the user growth pattern of blockchain will truly change. Only with enough users will there be enough social value, and only then will the innovation of blockchain truly be implemented.

4. GasZero Roadmap

Gaszero has deployed its testnet on August 24th and has completed 300,000 transactions with 0 gas fees. It is estimated to have a polishing period of 3-6 months and go live with the Beta testnet in Q1 of 2024, and the Alpha mainnet in Q2 of 2024.

(1) Testnet Phase 1:

Test target: Era7 game transactions using zk-rollup + 0 gas

Architecture: zkEVM + Opside

dApp: Era7: Game of Truth

Browser: https://era7.zkevm.opside.info/

Official Marketplace Test URL

https://marketplace-freegas.era7.io/

Game Test URL

https://game-freegas.era7.io/

ERA Token Contract Address

0xe9Ab1d84a314E7aFf0B06D0Ad39D5F70e0B98988

GOT Contract Address

0x50E84dF0559F4515a88920366d7C623008222BEd

0 Gas Testing Experience Manual: https://docs.google.com/document/u/1/d/e/2LianGuaiCX-1vTfFFA6t4ZuOsBWNEqZCN8hUsaJXOSsPqemx4BwOMNctmv2912WtEVaifBKeI_bkA-abEBgb8U3UH_P/pub

(2) Testnet Phase 2: (Testnet launched on September 11th)

Test target: Era7 game adopts MetaID login (social login + MPC-AA wallet) + 0 gas + stress testing

Architecture: zkEVM + ETHGoreli

dApp: Era7: Game of Truth

Browser: https://scangoerlitest.gaszero.com/

Official Marketplace Test URL

https://goerli-era7-marketplace.gaszero.com

Game Test URL

https://goerli-era7-game.gaszero.com

ERA Token Contract Address

0xe9Ab1d84a314E7aFf0B06D0Ad39D5F70e0B98988

GOT Contract Address

0x50E84dF0559F4515a88920366d7C623008222BEd

0gas Test Experience Manual: https://docs.google.com/document/d/e/2LianGuaiCX-1vTTq2Q_3T3IZCWVqjA8c0WXePUOGhSaSVqvIgsIFkPmHHP71_ocUB9AlfxMphJPgqxPsO72sooJZv6f/pub

Attached:

Network Name: GasZero-Goerli-L2

RPC URL: https://goerlitest.gaszero.com

Chain ID: 12021

Currency Symbol: GAS0

5. A team combining traditional games and blockchain technology

Adam Zhao, CEO, MBA

● https://www.linkedin.com/in/adamziyuan/

● Cambridge University EMBA

● TCG card battle game ERA7 – CEO & CoFounder

● Proton Network, an efficient data interoperable public chain – COO & CoFounder

● Previously worked at British Telecom responsible for the exclusive high-frequency trading network for the financial industry. After returning to China, he founded Proton Cloud, a programmatic advertising platform, and focused on traffic acquisition and monetization in the gaming industry.

● Web3 experience:

■ Entered the blockchain industry and founded the efficient data interoperable public chain Proton Network at the end of 2017, which entered CMC top100.

■ Transformed the web2 game “Fist of Truth” at the end of 2020 and released the web3 card game Era7: Game of Truth, ranking top three in terms of DAU/transaction volume/NFT generation on BNBChain for six consecutive months.

XianRui Meng, CTO, PhD

● https://www.linkedin.com/in/xianruimeng/

● https://www.xianruimeng.org/

● 2016- 2021

■ Scientist & tech leader at Amazon, Facebook, Apple, and more

● 2015

■ Microsoft Research

● During his time at Boston University, he was a member of the DBLab and BUSec in the Department of Computer Science. His doctoral thesis focused on privacy-preserving queries in encrypted databases.

● Past research focused on HE, MPC, ZKP, etc.

● Published multiple papers on privacy and databases

6. Summary

After 15 years of development, the blockchain industry has been unable to break through the bottleneck of 400 million active users, which is remarkably similar to the user scale under the early Internet license service mechanism. Software and applications being free completed the qualitative change of the Internet from 400 million to 5 billion users, giving birth to a new Internet model. We also believe that the free model is a way for web3 to break through the bottleneck of 400 million users, giving rise to the demand for 0 gas blockchains.

GasZero eliminates the barriers for Web2 users to enter Web3, providing a Dapp without mnemonic phrases and gas fees, making the product experience of Web2 and Web3 indistinguishable. We believe that through this zero-threshold, zero-difference product experience, Web3 users can truly achieve massive adoption.

We will continue to update Blocking; if you have any questions or suggestions, please contact us!