Megathread on Web3 Gaming 🎮 Open sourcing some of the best pieces that I have collected along my research journey. If you have more, I wanna read it, pls add it to the list down below. #PlaytoEarn #PlayandEarn #PlaytoOwn #GameFi #CryptoGaming
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Excited to share I've joined @SkyMavisHQ to lead ecosystem strategy!
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We are hiring for the Ecosystem Team at Sky Mavis! Join us to develop and implement a cohesive strategy for @Ronin_Network to become the leading blockchain ecosystem to launch web3 games, protocols, and decentralized applications. Apply below 👇
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Some personal news: On a bittersweet note, I wanted to share that today was my last day at @DeFianceCapital.
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Great listen on high conviction bets by boss @kyled116 on @UpOnlyTV Some personal takeaways and reminders for myself 👇 uponly.tv/kyle-davies-of-thr…
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"Is NFT20 really the Uniswap for NFTs?" Today I am happy to share about NFT20 @NiftyMuseum, one of the most innovative yet underlooked NFT protocols aiming to be the liquidity hub for NFTs and power NFTxDeFi Integrations. 14-tweet🧵👇 nft20.io/
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@Delphi_Digital 's report on The Future of (Crypto) Gaming is a highly recommended reading for any web3 gaming enthusiast. Here are my thoughts on the piece, as someone who has been working with gaming teams and dreaming about how successful web3 games may look like. 🧵👇
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4/ Putting in 1% of the portfolio as a gamble, thinking it's fine if it 10xes or goes to zero is NGMI behaviour. It takes away conviction and often becomes the reason for selling too early.
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PIXEL day 1 volume on track to break records for recent Binance launchpools. JITO - one of the highest if not the highest - had $1.1B day 1 volume in comparison.
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We have been studying both monolithic and modular scaling approaches but are increasingly aligned in the long term vision that modularity, esp zkevms are the way forward. However, moving Ronin to become a zkrollup right now isn't improving gas fees significantly, UX or security for our users as the technology is not battletested or mature enough. We expect that to change soon as teams continue to innovate and iterate. Our roadmap is built to adapt and also to welcome teams outside of Sky Mavis who want to cobuild that vision with us. In terms of the gaming chain landscape, Distribution is King as scaling tech gets commoditized. Games can find investors and nft holders in many chains but not actual players that download a game and play it with their friends.
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"Ser, did I miss the @avalancheavax boat?" "Am I still early in the Avalanche🔺 ecosystem?" A quick look at the active addresses suggests we are #stillearly.
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Never thought I’d be here when I first started lurking 2 years ago, but I am happy to share that I have officially joined @DeFianceCapital. Humbled to be working with senpais @arthur0x @0xWangarian @thegreenbutton_ @jacobgohzx and shoutout to intern @stateroot!
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PIXEL airdrops for RON stakers! Setting a strong precedent for future games 🙂
Without the @Ronin_Network community, Pixels would not be where it is today. We are pleased to announce one set of final rewards dedicated to $RON stakers. Allocation and Distribution: We have reserved 20 million $PIXEL to be distributed in two phases: 1⃣ 10 million right now! 2⃣ The second half in one month: stay tuned for the exact date and time. The snapshot date was February 8th, 2:00:00 GMT. Users have been divided into 4 tiers based on the amount of $RON staked. Below are the total amounts rewarded to each Tier: 1⃣ 1 $RON: 183.34 $PIXEL 2⃣ 55 $RON: 675.75 $PIXEL 3⃣ 684.64 $RON: 2,315.77 $PIXEL 4⃣ 8317.4 $RON: 3,955.11 $PIXEL The amounts shown above represent the full amount claimable by each tier. You can claim half of this amount today. To claim the second portion, users must maintain their eligibility for their designated tier. Note that both claims will expire after 3 months from the day they're first eligible to be claimed. How to Claim: $PIXEL rewards will be sent to your in-game mailbox. Please note that it may take up to 1 hour from now to appear in your mailbox. Don’t have an account yet? No problem, log in with your Ronin wallet to begin! play.pixels.xyz/ Thank you for your support 💜 When we migrated to Ronin, the community embraced us and we saw record-setting growth. It is an honor to build with you and change the future of Web3 gaming together. And who knows, maybe there will be one more surprise.
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Beyond Axie beyond Ronin. We now have @pixels_online on the leading CEX. Huge boon for projects on @Ronin_Network!
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Getting more $AVAX-pilled🔺as I read the brilliant writing by @CryptoSeq. However, I'll admit I am not the most technically-inclined and I would be happy to hear any criticisms of the design and tradeoffs compared to Ethereum. cryptoseq.medium.com/what-se…
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"50-1000x better than peers..." Well-researched thesis on @Ronin_Network by @OuroResearch @OuroborosCap8 Call me old fashioned, I still believe in investment theses backed by fundamentals. It's the only way to build conviction through volatility.
1/ GameFi has had a tough two years, with unlocks dominating price action. As retail comes back, we think the sector will catch a bid In our view, the best GameFi bet is @Ronin_Network and see $RON as the fastest horse Research by: @0xYaro, @0xRamenUmai
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ECSTATIC to finally share about $RON Staking and our Genesis Batch of Studio Partners building on @Ronin_Network!
1/ Times up… let’s do this. $RON Staking. Ronin Games. Wen? NOW. Full announcement 👇 roninblockchain.substack.com…
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Amazing deep dive into Ronin drawing parallels to the gaming ecosystems built in past decades. Ronin's curated nature and creator network strives to help pre-launch studios find their 1000 true fans. Honored to have been a collaborator in this piece! @joeljohn @desh_saurabh
There has been much promise about Web3 native gaming but very little to show for it. I have been thinking about why that is the case for the past few weeks. Part of the challenge for a developer looking to move to Web3 is taking care of the infrastructure? How do you define an in-game economy? What are the tools for managing a userbase that is predominantly on-chain? How about on-ramps or wallets for users? These are the questions @SkyMavisHQ has been finding answers to as they scaled @AxieInfinity into one of the first web3 native games with a million users. All those learnings were condensed into building Ronin network last year. @Ronin_Network's ecosystem has been bundling this knowledge and offering it to studios in the recent past. Their philosophy has been to trade off complete decentralisation for ease of use and consumer safety. Is that a safe bet or a gamble? Only a thriving userbase can give the answer to that. Written with @desh_saurabh, I break down the history of gaming ecosystems, what is missing in Web3 gaming today & how Ronin fits in the equation. Along the way, I break down the philosophical underpinnings and experiences the team had. Take a look. decentralised.co/p/the-birth…
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[Hiring for a Web3 Strategist] Web3 publishing is a gap in the market right now. Game studios in advanced stages of development think about sol eng, community building & nft launch strategies above the basic blockchain integration. Sky Mavis seeks to offer our expertise here.
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Still going back to read @BitkraftVC's mini thesis on blockchain gaming every now and then. Succintly put. bitkraft.vc/gaming-a-potenti…
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Deeper & Wider experiences. The Axie metagame drives users across a variety of Axie experiences built by partners and community, awarding users with resources to progress their Axie NFTs. Axie is laying the groundwork for how UGC can happen for composable onchain gaming assets.
First: if you played Axie in 2018/2019, check your collections. Next, I want to highlight an important section of tonight's Axie progression announcement: ---------------------------------------------------- We believe that “meta-games”, embodied in ideas like AXP and Axie Core, are what make web3 gaming special. While legacy game developers attract players solely through immersion and/or fun, blockchain-infused games have the potential to introduce additional mechanics. Axie has a few meta-games bundled into it: • The game of building a game alongside a community and aligning incentives to maximize network value. • The game of playing Axie Infinity to maximize its positive impact on your career, education, and family. Real world implications. • The game of playing and allocating effort between various Axie experiences to maximize the value, power, and aesthetics of your Axie Infinity digital collectibles. The last example is where the Axie Core meta-game comes into play and we believe that it’s the key to getting both the web3 gaming space and NFT space to the next level. Until now, Lunacians have been able to acquire hundreds and thousands of NFTs within the Axie ecosystem. There are now millions of axies. However, we’ve always envisioned axies as important parts of our identity. Digital pets. Digital friends. To get there, we need to have systems where you can infuse your axies with your time, effort, energy, and skill. Systems of vertical progression rather than horizontal progression. Deeper vs. wider. AXP lays the foundation for Axie Progression. Axie Progression is all about converting time, effort, skill, and resources, into making our axies stronger, cooler, rarer, and more personalized. Recent events in the NFT space have shown that this is needed. NFT projects have relied on airdrops and constantly increasing supply to reward their collectors but these tactics create dilution over time and have diminishing returns. We believe that with this launch, Axies have become the first gaming NFTs of any significance with on-chain leveling— making them the most used dynamic NFTs to date. 📜 : blog.axieinfinity.com/p/axp
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RON Halving. LM incentives are used in the bootstrapping phase of a token, to ensure sufficient liquidity for trades to happen. At a deeper level, tokenholders currently subsidize unprofitable passive LPers at a rate of 10.9m RON per quarter.
2024 Q1 Katana Liquidity Mining Program Update ⚙️ Announcing our latest strategic updates: • New RON reward emissions for LPs • Phase 1 begins March 1st • Phase 2 start date TBD Full announcement 👇 📜 : roninchain.com/blog/posts/20…
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A big part of 2023 has been about investing into foundational infrastructure & relationships - baby steps. In Q4, we began to hit our strides, with a high shipping cadence that yielded 10x results. 2024 will be when we shift to an even higher gear for @Ronin_Network. Looking forward to launching even more fun games, experiences & economic experiments in the coming months.
We entered the year with a monumental task: transforming Ronin into the best place to build and grow Web3 games. This article will cover everything that’s happened since January: the alliances forged with game studios, the reinforcement of Ronin through DPoS, the 707% growth in on-chain users, and the foundation we’ve laid for 2024. There’s a lot of ground to cover, so let’s jump in. Ronin’s 2023, the full story 👇 📜 | roninchain.com/blog/posts/20…
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Fortunate to have had a platform to publish this thesis on Play-to-Own and Web3 gaming.
0/ Play-to-Earn? Free-to-Own? Play-to-Own. Bear markets are for long-form writing, excited to present our Web3 Gaming Thesis that has been in the works for some time. We will offer a short primer on Play-to-Own & our Web3 Gaming thesis in this thread 🧵 :
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DeFi will serve virtual economies naturally. Excited to have MetaLend's permissionless money markets power Ronin's ecosystem of games and applications. we are laying in the core primitives 1 by 1...
1/ @MetaLend_DeFi has deployed on Ronin! MetaLend helps Axie Infinity players to take out loans against their in-game assets like axies and land directly from their Ronin wallets. Here's what you need to know 🧵👇
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Tin is a WorldBuilder™ who continuously challenges limits and executes on his vision. I have no doubt that the Sipher project does well. Reminder that the @SIPHERxyz IBCO is on right now, adding an innovative spin on the mechanism to prevent whale manipulation and improve UX.
Why gaming is the next true use case for crypto and blockchain? If you believe in this thesis, why is Sipher interesting? This is a long thread 🧵 Enjoy ☺️
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Excited to be sharing the panel talking Ronin x Ragnarok with @RagmonNFT & @GravityGameHub at the inaugural SEA Blockchain Week @SEABWofficial !
🚀 Presenting Bailey Tan, Head of Ronin Ecosystem at Sky Mavis! @bottomd0g leads the Ronin Ecosystem at @SkyMavisHQ, the visionary team behind @AxieInfinity, the #1 NFT game with over $4B in NFT volume, and @Ronin_Network, an EVM blockchain tailored for gaming.
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Major milestone to enable better price discovery for RON. Learnt that getting on Binance is also a green flag for other exchanges to follow suit as liquidity of the token improves, reducing risk.
BREAKING NEWS: $RON / $RONIN TRADEABLE ON BINANCE After 2 years of relentless pursuit and unwavering support, the moment our community has been asking for has come. This is a big step towards the world discovering the secret that we all know: Ronin is THE gaming chain. Welcome to our movement, @binance ⚔️ • RONIN/BTC • RONIN/USDT • RONIN/FDUSD • RONIN/TRY Buy RON on Binance now 👇 🔗 : binance.com/en/trade/RONIN_U… Full announcement 👇 📜 : blog.roninchain.com/p/breaki…
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"You can't connect the dots looking forward; you can only connect them looking backwards." @mrjasonchoi gives us massive credit here. Please send his tweet thread higher!
Why I think @Ronin_Network makes a comeback this year Disclosure: long $RON Personal view and not any form of advice
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Beyond excited to be backing @SIPHERxyz and @AskTinNguyen! Quick thread about my belief in P2E Games and Sipher 👇
#SIPHER is proud to announce the official closure of our $6.8 million seed round to develop its ecosystem of upcoming Play To Earn Blockchain NFT games, bringing The World of Sipheria to life for the $300 billion global gaming market. 🎉 📰Medium: medium.com/sipherxyz/sipher-… 🧵1/11
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best takeaway from token2049 fr @iceiceicedota
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It's a pleasure to be supporting @0xshugo and team in delivering delightful onchain experiences. @phi_xyz expertly onboards users to different apps with slick UX and questing loops. Don't forget to attach links to the cute objects for a cool CTA!
Phi ◱ ◱ has raised a $2M seed round led by @chapterone & @Delphi_Digital, followed by @0xPolygon & amazing builders🎉 We'll tackle exciting new challenges to visualize & gamify on-chain identity, which enables further mass adoption of the web3 ↓🧵 medium.com/@phi.xyz/phi-rais…
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First step in encouraging users to start building reputation onchain. In order to help games succeed, Ronin needs to be a place where games can find high affinity users.
We’re thrilled to welcome @Clique2046 to Ronin! Clique builds Digital Identity Oracles that make it possible for their users to build their digital reputation using on-chain and off-chain information. Today, Clique is launching their first-ever Gaming ID Badge on Ronin as a soulbound token (SBT) that will connect a user’s Twitter accounts, Steam accounts, and Ronin wallet without doxxing any personal information. Learn how to mint your Gaming ID Badge at the link below! 📜 | blog.roninchain.com/p/introd…
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What are some dApps that users would love on a blockchain built to power games? users in this case can be players, creators, game developers and even speculators.
The picture is becoming clearer each day. @AxieInfinity= Infinite Experiences built on top of playful/nostalgic IP. @Ronin_Network= Powering Axie and the most thoughtfully crafted, crypto-infused games.
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Currencies are about confidence in holding it. - issue it to the community with most skin in the game - build a sizeable reserves to back it - transparent & auditable policies to improve stability. release supply during deflation, absorb supply during excess inflation
UPDATES TO $SLP Monetary Policy! Due to a sudden winter frost, a vital crop of key ingredient in the brewing of Smooth Love Potion (SLP) has been destroyed. • SLP supply is now capped at 44 billion! • For every 10 SLP burned, 2 SLP will be added to a stability fund. We have seeded the stability fund with 60,000 USDC. • Modern central banking targets 2% inflation. We will target 2% deflation for SLP. The goal of this program is to create a steady and consistent source of demand for SLP and balance supply with demand. Full details 👇 📜: blog.axieinfinity.com/p/slpc…
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There currently exists a blockchain game that is on track to pull in 8 figs revenue this year - before turning on ponzinomic flywheels.
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Do give this pod by the @Delphi_Digital chads a listen if you believe in the inevitability of play-to-earn and the metaverse. @YieldGuild is doing some amazing things and I am really excited to see their vision unfold!
Was an absolute blast having @gabusch on the Delphi pod to talk about one of my favorite projects in the space @YieldGuild I’m so proud of the YGG team. This has been almost a year in the making and they’re just getting started 👑 open.spotify.com/episode/5Pa…
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Convinced that improving personal knowledge management systems is key to making gains in this space. Setting up processes for fighting info overload, tracking catalysts, translating new inputs into action are top priority.
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some unorganized thoughts market churning out tourists ahead of summer, creating an environment where more attention can flow back into quality projects. important for builders to capture this next part. dispersion in returns is healthy. market should no longer bail you out if u are holding trash bags. every app that is working on their own undifferentiated chain will largely regret in 6-12months where everyone else is also an altl1/l2 and they realize the upkeep to maintain a chain is beyond their expectations. the infra premium eventually melts away first in public then in private rounds. CEXes cannot continue to integrate every chain for native withdrawals. saw a gud tweet about how insiders getting greedier & greedier is a top signal. primary sales sucking out lots of alt liquidity from market. presale meta, node meta etc
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App.ronin is the one stop platform to access the ecosystem that is built. Product team puts in deep thought into UX and QoL improvements for users. Also some alfa there for certain partner assets 👀
New Ronin bridge features are LIVE! • Transfer ERC20 and ERC 721 tokens • Available now on Ronin apps and the new wallet • Use your RNS name to bridge …and more. Go to the Ronin bridge 👇 🔗 : app.roninchain.com/bridge Full announcement 👇 📜 : roninchain.com/blog/posts/ne…
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@PathDAO will be conducting their token launch via Copper Launch at 10am EST today. Time for a thread to introduce them ahead of time! nitter.app/PathDAO/status/1466603… 0/
Less than 36 hours into #pathdaotokensale ! To get yourself ready, check out below medium articles prepared by our lovely founders! About $PATH #IDO @CopperLaunch : pathdao.gitbook.io/pathdao/c… Step-by-step Instructions: medium.com/@pathDAO/instruct… 4th Dec, 10 EST, see you!
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Web3 games are so early that testing investment hypotheses is difficult. What are some of the best writing or podcasts on frameworks for assessing Games & Interactive Media? - how have Gaming VCs been evaluating studios? - what is the thesis behind the genres they invest in?
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Happy to share my first piece on Deribit Insights: "Single Vault Model - The Lego Baseplate" cowritten with my buddy @jteam0x. Special thanks to @arthur0x @hasufl @fcmartinelli for the opportunity and guidance. 11-tweet TL;DR 👇 insights.deribit.com/market-…
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Just got back from the #Avalanche 🔺Summit and it was an absolute blast! Insane hearing from Ava Labs team members that the entire event was kinda impromptu and yet spun up in 2.5mths - Poble Espanyol was a beautiful venue.
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Came to realize today that the Mavis Market product is being led by @nguyenn_toan who is a top 20 @DuneAnalytics wizard!
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So, $660k of APRS sold within 1 minute on Impossible. For people (like me) who missed it, next rounds: 1. Ronin Community Round ($440K): March 13 6:00 AM (UTC) wRON Staking Start March 15 10:00 AM (UTC) Purchase Start 2. Primeval Round ($990K): March 14–15, 2024 10am UTC
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Thread of Threads ongoing collection of my thoughts and writing. gm. lfg. wagmi. nfa.
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Token2049 in full swing. @MaplestoryU & @Psycheout86 discussing the future of Blockchain Games.
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... starting today We have just officially announced our plans to Build the Next Generation of Games with Studio Partners - Join Us!
excited to announce our plans to become THE next generation web3 publisher supporting successful smashbox games. how do we plan to achieve that? to game devs and our community, this thread offers a glimpse into what our collaboration can look like 🧵👇 roninblockchain.substack.com…
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Announcement dump? No way. Stay tuned for a STACKED launch week/month/quarter/year with our studios and for other colleagues to share even more details on everything we have launched today. @Ronin_Network has just begun.
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The Wallet is the window into the Ecosystem. Beyond just viewing assets and signing txns, I expect it to feel more and more like a Ronin app store and even a game launcher. It should always feel fun turning on the app and that's what would keep community coming back. Beyond the consumer-facing Wallet extension and mobile app that Ronin users know and love, I am excited to see how games leverage our MPC tech to seamlessly create wallets in-app and allow users to approve txns without being directed to another window.
1/ Today, the Ronin Wallet evolves. Stronger security. New blockchains. A sleeker, more intuitive design. Check your preferred app store for the latest Ronin Wallet update now to feel the future of gaming at your fingertips 🧵👇
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The bear market definitely tests our conviction in the industry but I find that even amongst demoralizing headlines of hacks and grifts, I continue to be supremely confident that passionate and upstanding builders will shine through!
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Increasingly obvious that Quests will be a core advertising primitive in the metaverse. Matching intrinsic motivations with extrinsic rewards should create high impact, high conversion ad campaigns.
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Every $ of value that Ronin games emit from their p2e economies is a $ going to acquire & retain Ronin users. It's easy to write fancy theses, but monitoring & evaluating the portfolio thru writing objective progress updates takes real discipline. Great thread! @joeljohn
A year back - on April 7, we published a thesis on @Ronin_Network. The crux of our argument was fairly simple - that aggregating tooling, gamers and an ecosystem of games would make Ronin a leading contender in games. Here's how the ecosystem's numbers have evolved since
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learn to trade the market from a flows perspective vs valuation perspective. most obvious e.g that taught us this was the otherside land sale where most participants only started buying APE ~2days before, driving huge demand in a coin that was deemed "overvalued" by many.
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gm, it has been an omega depressing weekend 2x hacks dfk drama ftm massive on chain liqs ape land gas war sol halt liquidity withdrawal effect across alts
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Accountability and transparency is the key to every DAO. Today, as @DeFianceCapital, we shared a post detailing how we operate, how we have added value and will continue to do so for @MeritCircle_IO. gov.meritcircle.io/t/defianc…
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Been observing some problems preventing effective discourse in the most active DAO forums namely: - information asymmetry between core contributors and community - adversarial attitudes due to lack of trust - Low signal-noise ratio Some thoughts below 👇
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Distribution is the moat, esp in the EVM space. Friction of spinning up L(n)s has been trending towards zero. Eventually the premium of having your chains trend to zero - might even be negative due to cost of operating it).
The past six months have cemented @Ronin_Network's position as the best place to launch blockchain games, and the inbound from game developers is at an all-time high. Because of this, scaling Ronin is our current priority, and I wanted to shed some light on our current thinking. Be sure to check out Sky Mavis researcher Phuc Thai’s, latest post for a more in-depth look For now, game developers are launching on the Ronin mainchain. It's a permissioned network with deep liquidity, excellent UI/UX, and users are somewhat protected from scams. Ronin L1 currently supports 1.2M daily users and can scale 10x in its current state, but it needs to evolve to support thousands of games and billions of users. Our long-term goal is to make Ronin mainchain fully permissionless in the future. The first step to achieve this is to enable the creation of permissionless Ronin L2s, which share security and liquidity with the L1. This can be done with a few technologies, but we are leaning heavily towards enshrining Ronin with zkEVM. With that as the premise, let's look at some of the options for game developers. 1. Deploying on Ronin's mainchain. --> This will be great for games that aren't planning on too many on-chain transactions—think web2.5-3 games with a light token economy. Most in-game logic will still happen off-chain, but some tokens will be on-chain. 2. On the permissionless Ronin L2. --> This will be great for game developers who aren't directly partnered with Sky Mavis / Ronin but want to access the Ronin community to find traction. The games that find traction will be elevated to a Ronin Partner and, from there, work closely with our publishing team to benefit fully from the Ronin Effect. 3. Permissioned game-specific L2s. --> Great for partners that outgrow the blockspace on Ronin mainchain and need their own blockspace while sharing liquidity and security with the mainchain. Also a great fit for corporate partners with specific demands that can only be solved on a permissioned network. When @Ronin_Network fully scales, it can support the demands of even the most picky game developer while still having the most active player base in the Web3 world. And remember, technology is not a moat, community is.
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To build a robust and long term economy, game devs should be optimizing for rev$ from secondary trading rather than primary sales. Point 9 is my favourite. The means of creating value should be shared with players by design. see: Breeding in @AxieInfinity
(0) Since our Feb 22 report & many Qs later, @0xAikoDai & I felt it's time to share our latest thinking around Web3 x Gaming again – namely In-app taxation now as a fitting biz model, paired w/ 10 tentative ideas around sustainability, & our hypothetical game as an example. 👇🧵
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As web3 game teams that raised last year deliver their alpha/beta tests, traction-based fundraising becomes crucial to find that series A or B funding round for large scale UA (especially important for mobile ads that are impacted by Apple's ATT)
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It's an opportune time to build as the mainstream crowd continues to belittle web3 games. imo, Sky Mavis remains the undisputed market leader in Web3 games with hard-earned experience and a united team. Everyone loves a comeback story and I can't wait to be part of Sky Mavis'!
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2/ Agency Taking responsibility for your own investments and risks allows one to develop the conviction. It may be mentally easier to offload the risk, copy trade and follow other people's recommendations but that's no way to build conviction.
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Challenge with any L1 is growing the ecosystem of dapps. Game devs who are confident in attracting 'mils of users will find it natural to launch their own chains, dex-es, nft mktplaces to capture value & control the user exp. Was a pleasure meeting you ser! @kyuclee
Why are all of the Korean public gaming companies launching their own chains? #KBW2022 my thoughts - 🧵
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Excited to be supporting @MeritCircle_IO in their quest to become one of the top Guilds in crypto gaming. @010m4rk @TMod_Marco A thread about gaming guilds and my framework for thinking about top guilds.🧵
Merit Circle takes pride in announcing the closure of our seed round raising $4.5 million from a series of reputable venture capitalists and strategic partners. medium.com/@meritcircle/meri… A thread 🧵
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As for next steps, I will still be in crypto doing what I love: (angel) investing & supporting amazing teams. In the next phase, I hope to deepen my understanding in the field of gaming (virtual economies & building IP) and possibly execute on the ideas that I have had.
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thought to share these 2 gems on refining early stage decision making since everyone's becoming a VC in an increasingly tokenised future. h/t @Darrenlautf TheDailyApe
0/ A thread on decision making (DM) Both personally, and in the context of investment decisions at Multicoin
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@calchulus knows a thing or two about launching tokens from his days at the top CEX. Ronin will have every piece of infra a game needs to be successful.
Welcome to the Ronin movement, @impossible_! Impossible Finance is a research firm with a DeFi launchpad and accelerator. Here’s how they’ll help builders on Ronin 👇 📜 | roninchain.com/blog/posts/mi…
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1/ Denominate in BTC and ETH to have a grasp over the relative value of your investment. Always be thinking about whether your coins can outperform them.
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We've had a turbulent 2022 but the only thing that stayed strong was my exceptional teammates. It was my pleasure to have worked alongside these chads: @thegreenbutton_ @jteam0x @YeouJie @ckcheung @davidkohcw @slughornz @alphatraderjoe (not forgetting @0xWangarian)
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Always a pleasure to build alongside teams who are open minded to feedback, willing to experiment and ship hard. Gonna be a big month for Crabada. Buckle up.
S/O to gaming subnets buildooors not easy task between designing sustainable + scalable economics, key features for gaming use case, and actually implementing it h/t @bottomd0g for key role in pioneering reward token as gas model h/t @avalancheavax for major support + advice
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"My mom still doesn’t know I'm this deep into crypto." Short story of how i got into crypto.👇
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7/ What it really means to transition from web2 to web3 games by @xdereklau good reads in the entire substack substack.com/profile/6876974… web3games.substack.com/p/wha…
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Praying for those startups and companies who had significant amount of treasury in FTX 🙏
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thankful for being able to speak with passionate and open minded builders on a daily basis.
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Monster update from @AxieInfinity, can finally attest to how hard the team works behind the scenes now that I am a part of the phenomenon. Always bet on the innovators.
1/4253 Welcome to Sky Mavis's epic January Dev Update! Buckle your seatbelts and put your blue light glasses on… …because this is a big one. 🧵👇
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Not a gm. Hope everyone is doing okay. Don't hold to your hopes of a V-shape recovery and try to make it all back by leverage trading.
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Big month for @ApeironNFT! imo God Games have an expansive design space w many mechanics being enhanced by AI(autonomous agents) and Crypto (value chains). I have a sense that this genre was never truly mastered for a modern audience. Also: RON as a Launchpad Token 🙂
The Apeiron Ecosystem Token $APRS is launching on Ronin! Hold infinity in the palm of your hand ⏳ • Ronin Community Round is LIVE from March 15th • Token price: $0.11 USD • Stake WRON on Impossible Finance starting March 13th to participate Full announcement 👇 📜 : roninchain.com/blog/posts/ap…
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From joining as an intern at the start of 2021 researching NFTs and the Metaverse to leading our Gaming investments and building out our gaming portfolio, I am immensely grateful for the trust and autonomy given to me by @arthur0x.
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it may seem tempting to short but trust me when i say - shitcoins bounce hardest as people cover their shorts - dont be caught shorting the bottom and being unable to flip bias/losing bullets to long when market turns - when shorting feels like free $, that's a bad time to do it
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number 1 priority for founders now is to ensure 1.5-2 years of runway to get product to market. fundraising conditions (both VCs & Community sales) likely to get worse in the next few weeks and months.
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Maplestory was a huge part of my childhood and was one of the first games that taught me real economic lessons (+ never to play drop trade games). Definitely see @0xkapital_k & @thecoreloop growing into one of the top creator guilds within @MaplestoryU!
After a 10+ year break, I restarted playing and logged nearly 400 hours in this game. And, it's leveling up with Web3. Get ready for the next chapter of MapleStory. I believe it's even more important to pay attention now because of the confluences of gaming trends. (A) Asian gamers are on the rise (6.5% YoY Growth) + (B) RPGs are the highest-spending genre ($25.5B in IAP) + (C) Gamers are moving towards more core games (+42% TAM by 2028) + (D) Web3 emphasizes ubiquity, transparency, and ownership "Wen game?" 2024 CONFIRMED soon™️ The more I played the more my brain got to working on how Web3 could have a novel effect on this game. 🧠 🧐 Sparks of innovative game design with a hint of financialization and incentivization systems burst into my mind. What if my idle characters could be rented out? How about a resource-sharing agreement between me and another player? What would an incentivization and reward system look like for creators and community contributors? Maybe portion block rewards, ve? I can tell you from first-hand experience the amount of effort it took for me to acquire certain resources and assets that are largely left idle for 90% of the time, and you know what we do with idle assets in Web3. 📈🆙 And that's just ONE thing. There are a myriad of other elements that would benefit from the workings of Web3. This makes me so bullish. Before we discuss Web3 though, let's talk about the Web2 game. My journey with MapleStory started nearly two decades ago from 2005 to 2010. After a 13-year hiatus, on September 29th, 2023 I redownloaded the game. For the past three months, I’ve clocked over 380+ in-game hours and countless hours on off-game research — watching videos, reading guides, and discussing on Discords. The result? My main character is a Lv. 260 Shadower 🥷 with 2.5k Legions. IGN: GoForKiet. But I didn't get to this level alone. I relied heavily on the community to help me as the game today is unlike anything I had played back in '05. This community has created guides, modeling tools, simulation calculators, and so much more. 🤝 💪 MapleStory's official creator program is called Bean Brigade and these player-creators are an integral part of the ecosystem. But there are so many other independent creators. A key resource for me is one of these creators' Discord servers. All the community support is voluntary, powered by passion and love for the game. Incredible. Need another reason to be bullish? MapleStory Universe received $100M 💰 in paid-in capital from Nexon -- head corporate buy-in, ✅. Start thinking about which job you want to be, anon. 🥷⚔️ 🏹🧙‍♂️ ----- MapleStory Universe is launching in 2024 and I believe it could potentially be the game that cracks the code for web3 gaming. Read my follow-up posts to see how. Table of Content 0️⃣ Introduction & Why Bullish on MapleStory Web3 (this post) 1️⃣ Analysis of the Gameplay, Core Loop, and Community Layer 2️⃣ Character Progression - Horizontal & Vertical Systems 3️⃣ Gear Upgrade Systems 4️⃣ Social & Meta Progression Chat soon! If you found this interesting, give me a follow! Or better yet, find me in the NA Reboot GMS servers. IGN: GoForKiet
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One ironic observation I had on positioning for the bull and building brand awareness in the bear, going thru conferences past weeks.
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Hailling from the team behind [King's Raid], @rStellaFantasy is the latest collectible RPG combining high quality anime graphics, action-packed gameplay and web3 design principles. Looking forward to support the team as they build towards the public launch in late August 2022!
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0/ Wanted to pen down some shower thoughts and highlight some points from DeSoc & Soulbound Tokens (SBTs) in the context of • DeFi • Web3 Games • Prevention of onchain Exploits and Grifts a thread 🧵
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Honest crypto teams are saving money, avoiding wasteful booths & shipping quietly. This is prudent. While teams in the other spectrum are spending money on huge booths and marketing to retail to create the illusion that they are doing well in the bear.
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A glimpse into the mind of the creators behind 20yo @EveOnline as @HilmarVeigar, CEO of @CCPGames, discusses the advantages of building a game on the blockchain on his latest recording with @a16z. Jotted down some takeaways below. (1/7) 👇
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Supply (games) x Demand (guilds) is a good framework to about how to bootstrap the economy + network effects. Games need data about player behaviors and guilds should leverage their ability to aggregate such data, e.g D1/7/30 retention rates + feedback.
Gaming guilds should ultimately aim to become a net value-add to a game’s ecosystem. In this article, i share thoughts about the road ahead for gaming guilds. Hope to spark more discussions about how we can add value to the gaming sector. Check it out ⬇️ embernodes.substack.com/p/th…
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3/ Trading is counter-intuitive to the human condition and it is probably not a suitable strategy for most of us. Avoid over-trading, looking at charts too much if you are not a professional.
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When I look back fondly at my 1.5 years here, my only regret is that I am unable to see all of my portcos thru to launch day. To the founders that I have had a chance to work with, I'll always remain a supporter and a call away.
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Mavis Store is a product borne of a need for our studios to monetize via the web in a incumbent app store environment hostile to web3 games. D2C sales of virtual goods will continue to grow in mkt share and I am excited to see more effective monetization and player loyalty.
1/ Mavis Store is OPEN 🛍️ • Buy in-game items • Pay with $RON, $AXS, $SLP, $WETH and $USDC@BattleBears Gas Cans and @axieinfinity Origins Gems available (more items coming soon) 🛒 | store.skymavis.com/ 🧵👇
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As Director of Ecosystem Strategy, I join my brilliant business team members @kosgoood @cryptoscottland in curating, partnering and integrating high quality games for our community. I will also play a role in driving the growth on Ronin Network and Mavis Hub.
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