Overview

Simulacrum merges social media and blockchain, enabling easy on-chain actions through simple posts, aiming to make DeFi accessible and boost Web3 adoption.

Introducing Simulacrum: Our Vision for Simplifying Blockchain Interaction

At Empyreal, we’ve been hard at work on a groundbreaking project that encapsulates the vision behind our EmpyrealSDK. Meet Simulacrum—a modular framework designed to bridge the gap between social media and blockchain. The result of a year’s worth of engineering, Simulacrum eliminates the need for traditional wallets, enabling users to interact with blockchain technology directly through platforms they already know and use.

Why We’re Building Simulacrum

Web3 has immense potential, but one of the key challenges holding it back is accessibility. For many, interacting with blockchain technology feels complex, cumbersome, and intimidating. Our goal with Simulacrum is to remove these barriers, making blockchain onboarding smooth and frictionless. By integrating directly with social media platforms like X (formerly Twitter), we’re opening up the world of Web3 to millions of users, allowing them to engage with blockchain in a seamless, intuitive way. This not only democratizes access but also unlocks new use cases, fueling broader adoption of decentralized technologies.

How It Works

Simulacrum enables users to execute blockchain actions simply by posting on social media or sending direct messages. This process is powered by our execution language model (LLM), which interprets natural language commands. Once processed, AI agents validate the user’s intent before executing the action on-chain.

We’re currently in the beta phase, focusing on stress testing and optimizing the user experience. Our first platform launch is on X, a social network with 335 million monthly active users. By allowing these users to engage with blockchain directly through a platform they’re already familiar with, Simulacrum has the potential to significantly expand Web3’s user base, driving adoption on a massive scale.

Revenue Strategy

Empyreal’s revenue model for Simulacrum is centered around taking a percentage fee from every on-chain action facilitated through the platform. Additionally, protocols that integrate with Simulacrum will also contribute to our revenue stream. These fees will flow into the Empyreal treasury, helping us meet and exceed the $EMP revenue-sharing threshold outlined in our white paper.

We’ve made strategic adjustments to our business model in response to lower-than-expected revenue from current partners. These changes aim to give us greater control over product development, scaling timelines, and revenue generation. By doing so, we’re positioning Simulacrum to drive long-term value for $EMP holders as adoption grows.

The Market Opportunity

The opportunity here is immense. With X’s 335 million active users compared to the relatively small pool of on-chain users, there’s a vast market waiting to be tapped. Simulacrum’s ability to make blockchain interaction as easy as engaging on social media can significantly boost the Web3 ecosystem, driving both adoption and revenue in ways that haven’t been seen before.

What’s Next?

In addition to refining Simulacrum’s core functionality, we’re working on a native product that adds elements of fun and gamification to enhance user engagement. On the marketing front, we’re pursuing partnerships and discussions with platforms like Base to boost visibility and protocol support further.

Simulacrum is more than just a product; it’s a key part of our mission to reshape how people interact with blockchain, making Web3 accessible to everyone. Stay tuned for exciting developments as we continue to build out this revolutionary platform.