# Whitepaper V1 Hellobot Universe Official NFT Team ## Hellobot Universe Official: Bridging the Gap between Web2 World and Web3 World, with Friendship

# Abstract The NFT market has attracted a lot of attention from many people for the past two years, especially with the emergence of "blue-chip NFTs". However, due to the crypto-asset market decline, hacking and rug pull in the blockchain and NFT markets, the unconditional interest has started to decrease, and the investors who lost trust in the market began to view NFTs from a skeptical perspective. The Hellobot Universe Official team, consisting of NFT Maxi enthusiasts, has analyzed the different perspectives people have towards NFTs based on the team’s own experiences in the market. Through this analysis, we, the Hellobot team, aim to share our perspective on how we view NFTs and how we plan to prepare for the future of NFTs. Hellobot's perspective on NFTs aligns with our core value of **Friendship**. Hellobot aims to bring new quantitative and qualitative impacts to the NFT scene through this value. To achieve this, three key factors are important: **Respect** towards holders and partners, **NORI** which represents engagement and entertainment of community members, and **Sustainability** which enables the project to keep developing itself and its community. This core value will be implemented through technological means, such as the mirroring method and technological features like verifiable random function, to realize our respect toward partners and holders. Similarly, staking functionality with a point system will reward holders for their contributions, which will strengthen friendship. To specify our plans for the future, we propose a roadmap that includes our plans and goals. Our first business model, **Metaverse Integration** has already been achieved in the first metaverse, and **Art Renewal** is also in preparation. The values mentioned above are realized through our sustainable business model. The second business model is **Real World Experiences (RWE)**, and we plan to upgrade it to **Real World Assets (RWA)** to achieve large-scale expansion. Our plan, through RWE and RWA, is not limited to here, and we strive to **Forge a Path to Progress**. From this stage, holders will be able to directly participate in the business. # Introduction Our team has extensive experience with NFTs and DeFi, and we'd like to start by sharing a more fundamental story that everyone ultimately hopes for. When it comes to investing in NFTs, there are two main categories to consider. The first is investing in NFTs with the goal of buying them at a low price and selling them at a high price within a short period of time, in order to turn a quick profit by moving around various NFTs (short-term trading). The second is investing with the expectation that NFTs will become blue-chip assets in the long term (long-term investing). So how have we fared in a market that can be split into these two broad categories? Short-term traders may have made a profit or loss through short-term trading. Long-term investors may have acquired some blue-chip NFTs, but many other investors may have accumulated many NFTs that cannot be sold in their wallets.

Figure 1: Trading volume of NFT projects in the market (time range: All) [1]

Although there are numerous NFT projects out there, the top 10 projects account for 35% of the total volume as shown in Figure 1. This means that a mere 0.0009% of projects occupy 35% of the entire NFT market. Based on OpenSea \[2]*,* there are currently more than 110,000,000 NFTs in existence. Even if we assume that each collection has 10,000 items, there are still about 11,000 projects. In a market that may depend on probability and a few Alphas, we want our NFT collection to have a slightly different investment perspective. So what should that perspective be? We welcome everyone who wants to discuss this with us. Let's take BAYC as an example \[3]. It took two years for BAYC to go from $23,000 to $92,000. If we divide the result of waiting for 24 months with a long position into monthly profits, it would be $69,000/24 = $2,875 per month. At this point, we approach things from a new perspective. If the project can periodically provide value to holders, in other words, if it can bring a monthly value of $2,875, the floor price can rise to $92,000. In this perspective, we have started with a business model (BM) and are preparing various business expansions for our “NORI” culture and “NORI” space in our roadmap. Ultimately, through this perspective, we aim to become a solid organization beyond just an "NFT Project." We will create various practical experiences, values, and BMs based on friendship to ensure that we do not disappear. As each NFT becomes more important, we plan to steadily accumulate NFTs in addition to the 555 team shares with the profit we earn from our BMs. Through this, holders will not just hold still, but actively participate in the "NORI" community, contribute to the ecosystem, and receive periodic rewards/additional value for their NFTs based on their contributions. So from an investor's perspective, holding an NFT is not just about whether the price goes up or down or whether NFTs are being stored without being used. It's also about whether they can provide practical value. We believe that through holders who actively participate and empathize with the founder team's capabilities and the "NORI” space and culture we are creating, we will quickly expand and make a powerful force, and even have a positive impact on the WEB3 and WEB2 markets. For Hellobot Universe, we took our market entry very seriously, as evidenced by our core values and business models. As our founder team grows, so too will our community, and vice versa. We believe that this mutual growth will lead to a stronger and healthier market. # Core Value: Friendship From an investor's standpoint, it is important to highlight the value that NFTs can offer, which a lot of people may have overlooked so far. Although it can be challenging to discuss value in a market where money flows in and out, it is crucial to do so in order to create a strong and mature market. Our experience with Web3, before founding Hellobot, had exposed us to numerous communities, many of which we have enjoyed. However, a number of projects and communities, even those in the limelight, have not withstood the test of time and have disappeared, leaving us with a sense of regret \[4]. This prompted us to consider how we could prevent such outcomes and led us to recognize the importance of **Friendship**. This was not a sudden realization but rather evolved from our work with Hellobot AI Chatbot in Web2. Our success in attracting many users to our service through this platform gave us confidence in our identity. Drawing from our experiences with both Web2 and Web3, we believe that Friendship-based NFTs hold promise in Web3. To successfully establish this, however, several key factors are needed: **Respect**, **NORI** and **Sustainability**. # Respect Friendship hinges on mutual respect. Even if many individuals express interest and gain greater renown, without respect for the community members, the community will inevitably crumble. This statement may seem obvious, but it is no less important. Therefore, we engage with the community through numerous AMAs, responding to comments and messages from everyone as much as possible. We consider this to be akin to communicating with real friends and showing them the respect they deserve. In Figure 2, we can see how this affected the growth of our community. For a month, we have done various types of events and AMAs and the number of community members grew effectively. We have done all of these events and AMA sessions, to show our respect to our community members (to introduce other great projects and to inform on our project).

Figure 2: Number of members in Hellobot Discord server

In addition, partnerships founded on mutual respect in Web3 have facilitated impressive growth beyond mere collaboration, even though the level of engagement may differ among communities. For example, as a partner of Polygon, a significant player in the blockchain industry, we have implemented mirroring technology for the first time to show our respect for Polygon and its ecosystem holders. Transactions and key features operate on the Ethereum chain but are also mirrored on Polygon. This structure allows NFTs to be traded on the Ethereum chain and bound on the Polygon chain, enabling holders to own NFTs on both chains. # NORI **NORI** is a Korean term for entertainment or enjoyable plays. NORI is like playing games or enjoying activities together within the community with members gathered online or offline. This NORI could be an online game or offline activities where people gather at a venue to get to know each other. Our community members from around the world will get to know each other better and NORI will be a source of entertainment to enhance bonding. We think that playing together(NORI) can help strengthen our friendships in many ways. We're already having a lot of fun, as can be seen in Figure 3. Community members have boosted the discord server 1,131 times (as of March 10th) to show their love and the art contest was phenomenal \[5]. In our Discord server, members are always on the voicechat to have games, discussions, or chat on Web3 & IRL stuff, while the founder team and moderators prepare lots of online activities, such as Rumble, online tarot card reading sessions and karaoke, to make the community vibrant.

Figure 3: Art contest within the community

In addition to these already enjoyed activities, once the project starts, we'll make even more of an effort to make it enjoyable. To accomplish this, we also have prepared active and passive periods, a points system, and staking as tools. As mentioned earlier, NORI will not stay on Web3, but extend to the real world. Lots of real-life activities are being discussed and when we are ready to launch, community members will have chance to participate. # Sustainability It's challenging to sustain our friendship for the long haul without any effort. That's why we place a high value on sustainability and are committed to continually developing sustainable business models. Our first offering is a Non-Player Character (NPC) service with AI chatbot tech from our Web2 business \[6]. We already have our existing business in Web2 that utilizes AI chatbot tech to provide services like tarot card readings and fortune telling to the users. Hellobot platform with such services has raised $7m annually, and been enjoyed by 4.5m users. With this AI chatbot tech, we decided to create an NPC on the metaverse. As can be seen in table 1, creating an NPC has already proven to be a successful business model in Roblox, generating a gross total of $Robux 161,520 (around $56,437) in November 2021. We have tested this to verify the feasibility of NPC service, which resulted in similar daily active users(DAU)/monthly active users(MAU) ratio to that of the top 50 games. DAU/MAU ratio of this Fortune Teller NPC (categorized as a game in Roblox) was 4.7%, while that of the top 50 was 6.44%. It was also ranked 5667th for gameplay time among 50 million games in Roblox. Despite the Fortune Teller NPC recording gameplay time at rank 5667 out of 5 million games, it achieved a significant result of 4.7% DAU/MAU, which is similar to the top 50 games. Through this, we have validated the sustainability of the NPC business \[6].

Table 1: Quantitive data for Fortune Teller NPC on Roblox

With this background, we chose ZEPETO to be our first metaverse platform for the NPC business. The reason we chose ZEPETO is that it is one of the most popular metaverses in Asia and is rapidly growing with +300M users from +200 countries, as can be seen in Table 2 \[7]. While there are many excellent metaverses out there that we are having a conversation with, we chose to spotlight ZEPETO first because we only want to tell people when we are fully ready to launch. Data on other metaverses and models in the roadmap is readily available.

Table 2: Service indicators of ZEPETO metaverse [7]

We intend to further our expansion towards Web 3, as well as towards Web 2 with our sustainable BMs and NORI. Minting NFTs represents only the initial step. Our goal is to collaborate with the Web3 community. Imagine a Next-Gen community that feels like a close friend who values loyalty and stays present. To achieve this, I believe we need a strong and authentic foundation. **When we talk about friendship, we mean it sincerely and will demonstrate our commitment through tangible data, while continuing to prove it in the future.** # Mechanism # Tokenomics

Figure 4: Distribution plan for Hellobot Universe Official NFT collection

* Hellobot Universe NFT collection is on **Ethereum chain**. * The distribution plan for NFTs is summarized in Figure 4. There is a **total of 5,555 NFTs**, with 555 reserved for the team and 5,000 for community mint. 2,000 NFTs will be reserved for whitelisted people and 3,000 will be available through a public mint. The creator fee will be 7.5%. * We will put the profits generated from the business models we create, into a smart contract vault. The funds that go into this vault will be used for the scale-out of the project and distribution based on community contributions. * To quantitatively verify the degree of community contribution, we will implement a point system. Points will be rewarded to the members who actively participate in our NORI and will be used to show us how much contribution each individual has put into our project. * Details will be added when the system is ready for launch. # Mirroring: Polygon Chain

Figure 5: Mirroring technology from Ethereum chain to Polygon chain

* Our friendship is expressed through a range of technical capabilities, including the innovative **mirroring technique**. Hellobot, our flagship NFT, transcends the limitations of individual chains, establishing friendships with every chain through mirroring technology. * As the only NFT to exist in all chains, Hellobot's pioneering status is exemplified in its debut on **the Polygon chain**. While all minting and secondary transactions occur on ETH, our mirroring technology ensures that Ethereum chain transactions are mirrored seamlessly onto Polygon. (For more technical details, please refer to the Medium article that will be published later.) * Mirroring with other chains will also be added in the future. # VRF (Verifiable Random Function)

Figure 6: Random number generation technology using VRF

* NFTs often incorporate rarity, with random selection being the predominant approach. However, this process may present opportunities for intentional adjustments by the project team. To mitigate this possibility, we employ Oracles to implement our Random Number Generation (RNG) technology. * This technical solution aligns with our core value of friendship and serves as a means of expressing respect for our community. By ensuring that our RNG technology is immune to arbitrary manipulation with VRF, we demonstrate our commitment to fairness and transparency. # Plans and Goals Our plans consist of **Metaverse Integration**, **Real World Experiences**, **Real World Assets**, **Forging A Path to Progress** and **Art Renewal**. Our goal is to quantify the qualitative value of friendship through respect, NORI, sustainability, and data. This approach will ensure the sustainability and growth of HelloBot's business alongside our community.

# Metaverse Integration * Metaverse integration is one of the most common features for NFT projects. Many NFT projects created their own avatars in various metaverses for the holders. However, what we aimed to do was a bit different from what the rest of the NFT projects have tried to create. * As we’ve stated earlier, sustainability is one of the most important points in NFT projects, but most of the projects miss this and eventually run out of funds. To create sustainable BM, we have connected our business of AI chatbot in Web2 to Web3 metaverse. **We have created an NPC with our AI chatbot technology in one of the most famous metaverses, ZEPETO.** * In order to do so, we have partnered with ZEPETO, a metaverse that provides "real" services. This Lamama NPC with AI chatbot tech will provide services like tarot card reading and fortune telling to users with a certain amount of money. The data coming from this NPC will be shared with the users once analyzed. * Our analysis of Roblox's data has proved the feasibility of this business. * ZEPETO is the first metaverse we collaborated with and we will continue to expand our business to various metaverses. # Real World Experiences (RWE) * Our efforts towards a sustainable business model are taking place simultaneously in the Web3 metaverse and in the real world. In the real world, we plan to establish bases in several regions, starting with Korea. These bases will be built upon our community and the identity of our NFTs, which is friendship (More details to be announced later). * The data required for this has already been secured, and it will give us confidence in our journey. The new business model being developed in the real world will provide additional funding and entertainment to our community, leading our journey more stably. **Real World Experience** will expand and become an important reference for our next journey, **Real World Assets**. # Real World Assets (RWA) * In this stage, we focus on upgrading the **Real World Experiences (RWE)** we've previously encountered into assets. The core of this upgrade is integrating finance. The upgrade process requires a variety of data indicators and structures, as well as ultimately technology. * This will once again demonstrate that we are not just a simple NFT project. Combining various elements, **Real World Assets (RWA)** will add more value to the project and help create a sustainable project. # Forging a Path to Progress Our journey towards sustainability through **RWE (Real World Experiences)** and **RWA (Real World Assets)** does not end here. From this stage on, our holders will create a form of direct participation in the business. Here, we will create a new form of sub-Dao, and this ecosystem will continuously expand. # Art Renewal The current art form preserves the IP of Web2 as it is. Our roadmap is heading in various directions towards Web3 and Web2, and we need our own art that better embodies our identity. To achieve this, we announced the joining of an Art Director from Dreamworks. This will go into immediate production after the minting. # Reference 1. NFT collection trading volume distribution piechart, NFTGo, 2. Opensea, 3. Bored Ape Yacht Club, Yuga Labs, [https://boredapeyachtclub.com](https://boredapeyachtclub.com/#/) 4. Worst NFT Moments, nftnow, 5. Hellobot Universe Official Discord Server, 6. Hellobot Web2 business (Korean), thingsflow, 7. ZEPETO statistics, Naver, # Appendix Coming Soon