The way to attack NFT and GameFi

2021 can be described as the first year of the explosion of NFT and GameFi. Behind the barbaric growth of the industry, there are also dormant opportunities and challenges. We invited outstanding OGs (old veterans) in the industry to review their surprises and gains during the year, and had in-depth and lively discussions on topics such as the Metaverse, DAO, and future industry development prospects. On December 18, 2021, at the 8th IOSG Friends event, we invited Dieter Shirley , CTO of @Dapper Labs , Robbie Ferguson , co-founder of @Immutable X , Jiho , co-founder of @Axie Infinity ,@ Andrew Gross , technical product marketer at xDai/Gnosis , and Daren Frankel , director of strategy and operations at@Palm NFT Studio ; moderated by Jesse Johnson , co-founder of @Aavegotchi, for an in- depth discussion on “NFTs and GameFi’s Path to Attack”. Let’s take a look back at these wonderful collisions!

Jesse

OK. First of all, welcome everyone to the 8th edition of Friends. I believe we will gain a lot from this discussion. Our discussions will cover a variety of topics related to the future direction of the metaverse, gaming, and the crypto industry.I’m your host today, Jesse, from Pixelcraft Studios, and we’re developing a blockchain game called Gotchiverse, a virtual world of Aavegotchi. I’m very excited to be with you today in this roundtable to discuss how interoperability connects us.First of all, could you please introduce yourself. We can start alphabetically, starting with Mr. Andrew Gross.

Andrew

Hello everyone, my name is Andrew and I am a technical documentation engineer for the xDai chain. The xDai Chain will soon be renamed Gnosis Chain. We are currently doing a merger, this time a token merger. If you don’t know xDai well, xDai is a scaling solution for Ethereum. It offers stable transactions, or stable coins for trading. Some of our interesting projects are related to NFTs. You may know POAP (Proof of Attendance Protocol), they are minted using xDai. “Dark Forest” is a blockchain game on xDai, which is also very popular recently.

Daren

Hello everyone, it’s a great pleasure to meet you here. My name is Daren Frankel and I lead the strategy and operations of Palm NFT Studio. Palm NFT Studio is an all-rounder. We are first and foremost a creative studio working with the largest consumer content brands in the arts and entertainment industry. Including films, games, contemporary artists. We have collaborative projects with many contemporary artists, including Damien Hirst. And Warner Bros. DC Comics is our newest client. At the same time, we are also responsible for operating the technical infrastructure and supporting other participants to build their own NFT experiences. In addition to the entertainment and tools business, we are also one of the founders of the Palm Network. This is an Ethereum sidechain for NFTs, mainly for NFTs that support high-end customers to consume content, which also brings us the sustainability and scalability challenges that mainstream Ethereum faces today.

Dieter

Hello everyone. It’s a pleasure to meet you all here. I’m Dieter Shirley, CTO of Dapper Labs. Our most famous product is the NFT platform NBA Top Shot. We’ve been testing the NFL’s digital platform all day, though, and the first public betas are underway. We also have UFC on LaLiga coming soon. Before these, I was the co-founder of CryptoKitties. He is also the author of ERC 721, and I believe most of you have heard of it. I am also the Chief Architect of Blockchain Flow. Flow, Dapper Labs’ blockchain product, is a self-contained layer 1 blockchain for general purpose applications. For NFTs, Flow is also a very strong support, because we attach great importance to NFTs. Plus it has a great smart contract language called Cadence. This was developed based on the difficulties we encountered. We’ve built some of the most commonly used smart contracts on Ethereum, but found limitations with existing programming models. Cadence adopts resource-oriented programming, which is more suitable for the logic of smart contracts. In our opinion, it is also one of the most suitable development environments for smart contracts.

South

Hi everyone, it’s a great pleasure to join you all. I see some old friends and some new ones. I’m Jiho, you can also call me Jeff, I’m the co-founder of Sky Mavis, the designer and creator of the game Axie Infinity. We also created an NFT expansion solution called Ronin. Originally developed for Axie. We thus gain 2.8 million daily active players and process transactions from over 800,000 unique addresses per day. Ronin is the cross-chain bridge with the highest TVL right now, storing about $8 billion in tokens. Ranked #1 on Dune Analytics. We are very excited about this. We believe that the combination of games, collectibles and art with scalable infrastructure and community will be the superstar combination that will make crypto a part of culture and everyday life.

Robbie

I’m Robbie, co-founder of Immutable. My story is very similar to Jiho and Dieter. We started out with blockchain games.We were one of the first companies to develop multiplayer games on the blockchain. The name of the game is Etherbot.The game was released about a week later than CryptoKitties. Then we focused on developing NFT expansion solutions on Immutable. Chief among them is the trading card game Gods Unchained. You may have also heard of the Guild of Guardians. At its core, it leverages the liquidity and security of Ethereum. We built a scaling solution through ZK Rollup on Immutable’s Ethereum, and now there are tens of thousands of transactions per second on it. Continue to expand at the speed of Moore’s Law. You may have heard of our recent collaborations with partners including TikTok, ESL, IMVU and Playco. We help them build NFTs on Ethereum.

Jesse

Great, great to learn so much about Ethereum. cool. Well, everyone today is great. The OGs have been working for years to create what we see today. This year can be said to be a bumper year, entering a wider field, especially NFTs and games.So today let’s talk about the status quo, compare it with a year ago, think about the surprises of this year, what surprises you most this year, for better or for worse. We can start with this question. I think this can lead to some open discussion.Andrew, shall we start with you?

Andrew

OK. It’s been a fantastic year for NFTs. Seeing the business grow like this also sees big companies in action. Pepsi also made an announcement today. Budweiser, and other big companies followed. At xDai, we have also seen the onboarding of some government agencies to get involved in blockchain, one of the projects being the crypto stamp issued by the Austrian Post. They use the blockchain for the fiat currency of stamps, issuing stamps as NFTs. Users can use these NFTs to pay for postage. There are other government entities joining in, which leads to some interesting use cases and use cases.

Dieter

Regarding surprises, I’ve been asked this question before. My answer may disappoint you a bit. I was actually looking forward to seeing more NFT ideas. Aavagotchi and Axie are arguably the creative standouts of the year. Profitable too, especially Axie. For me, it’s puzzling to see people not trying more daringly. More people are just taking pictures of some very basic artistic NFTs. That’s fine, I understand people want to follow the success stories, but I’m disappointed that there should be more people trying something new. Hopefully in the new year, we will see more new attempts. Really creative new ideas usually take longer, maybe that’s why we haven’t seen them yet. But now this so-called NFT craze has been going on for 9 months, and there are more and more ideas. But honestly, I would love to see more. So hopefully more creative projects will come out.

Daren

Let me tell you about my own experience. This year I have further invested in NFTs, following many artists I like. I was surprised to find that there are so many creative people who were unknown before this. Like everyone else, I often spend time browsing Twitter to see what’s trending, or something I like. I followed a few artists, noticed who they were talking about, and the work popped up. Whether it’s a 3D animation or a 2D still image. It’s surprising how many artists are looking for ways to reach a wider audience, hoping to grab attention and attention, and they may have been behind the scenes before. This has made a difference in the lives of many people. So I’m looking forward to it. Although the current usage scenarios are still very limited, a work of art is a work of art. The work of these artists is excellent and inspiring, and I’m looking forward to the digital art industry using NFTs to create scale, value, and thrive, rather than just right-clicking to save the work. What happened here, this form of sponsorship, is still shocking to me to this day.

South

This year, in a bull market like this, we’re expected to see more opportunists. But for OGs, those who think about these issues first are often the first to cash in. In the spotlight, everyone was in high spirits. The creators who are involved now are in high spirits, and in the next phase, two and a half years or so from now, they will be creating even more amazing things. Regarding surprises, perhaps Ethereum still dominates in terms of volume, so there are more of these collectible works and cases, because art does not require huge throughput. I was surprised that there weren’t as many games as I thought. Now a lot of people want to make games, especially seeing something as popular as Axie. But I would have thought that at least one such team would emerge, developing a hit game with hundreds of thousands or even millions of users, allowing us to learn from each other. Although everyone is pouring into the game, but not seeing so many game products. This also means that we may have to wait a year or two before the next great game with great fun and huge user base appears.

Robbie

The explosion of artwork really took me by surprise, the rate of increase was crazy. I remember when I got together with the Lava Labs team in 2018, the base price for a piece of punk art was only around $200. What amazes me is that most of the players are in the arts and games industry. I’m actually skeptical, and I’ve mentioned in conversations with other people that there are a lot of tech founders who take gaming seriously. Like Stanford and other American universities, their best graduates are developing games. I think we have a consensus. Seeing a game like Axie achieve scale, a lot of people will flock to it. I like capital allocation, I like to see bad games get involved and take advantage, arbitrage, that’s the way to attract people. Attractive crypto products attract more capital. But in the end it’s all about utility, and better gamers will eventually jump in. So I think based on the success of some of these games, we’re going to see a lot of game studios jumping in, especially in the mid-market. There will be a lot of very high-quality games coming out next year. They will leverage the cryptoeconomic and play-to-earn designs that have been proven over the past year.

Jesse

So now let’s move on to the next question and take turns talking about what happens next. Like Jiho said, if we look at the next two years, will we see a completely different gaming market? Or is play-to-earn thriving? Will this new mode be a departure from traditional games? Robbie, what do you think? Can you talk about your opinion again?

Robbie

I personally think the two will blend together. We’ve seen some very interesting experimental explorations involving cryptoeconomics and digital currencies, and I think super high-quality games will complement that. People don’t want those mediocre gaming experiences. Playing the game becomes an end in itself. The fusion of the two must be beautiful, if you suddenly get such a strong community, like Axie combined with another game that people continue to develop and develop, even on the same NFT according to people’s wishes. We’ll definitely see, it’s going to be other attempts at scale.There’s already a lot of capital being allocated to high-quality games in this industry, so we’re going to see more different attempts. My opinion has always been that the coolest thing is, what will be created on top of NFTs? Bored Apes is the first to try and create a different experience. I think the most basic thinking is that, at the end of the day, game developers are most concerned with customer acquisition costs, retention, revenue and virality. And NFTs have proven to perform well in these dimensions. Big companies are obsessed with it. They often invest billions of dollars to optimize marketing performance, such as Tencent and Supercell, but NFTs can achieve results through virality without spending a penny. But when you have ownership, you are more likely to be retained, which actually aligns with the incentives of ecosystem owners. You can move users from one game experience to the next. Because what matters is not a single game, but the underlying assets. We’ll see a shift to ultra-high-quality games.

Jesse

I like the point you mention. Especially the concept of arbitrage similar to the DeFi perspective. It seems like arbitrage from the future, linking old and new industries together. Jiho, what do you think of these two parallel universe-like industries, and what will happen in the future?

South

I think for the traditional game industry, it will take some time for them to understand the community and the economy. A lot of this is going to take people like us to guide them and help them understand that it works, the economic opportunities in it, and engaging with amazing members of the community. It’s like we’re writing a script. They will learn a lot, and there are at least some success stories now. I think we still need to answer which type of game will be successful, planning strategy games or NFT games? I think there are certain types of games that are inherently good for an open economy, and may be the easier ones to succeed. I believe NFTs can enhance the experience of all games, but the early winners may be those where the community can primarily engage, and that’s how I think about what kind of consumer applications should transform into crypto applications. Is it a community content-focused, or consumer app that does the main job? So I think it’s also about what is the narrative now, what are the stories that we can tell so that we can tell the stories of these pioneer movers. There are so many opportunists now, why didn’t they create games 2 years ago? When you have market proof, there will be people who want to cut corners. I think there will be a lot of education and popularization jobs, and the change won’t necessarily be quick. But it’s also important. There will be a lot of games coming out in the next 5-10 years. They need multiple solutions, as all of us here are doing NFT scaling solutions. right? There will be different platforms in the future, some like Nintendo, which are more selective. There will also be more pervasive platforms like Microsoft. There will be different levels of authority. The first thing we need is community integration, because you’re going to need users, and that’s going to open doors for the game. We may also see some backlash against traditional game companies. Some traditional game companies may get involved and want a piece of the pie. Ubisoft is an example. Educational work is a must and requires player participation. It’s about the impact on the environment, what’s at stake, and why the cash economy doesn’t affect the integrity and fun of these games.

Jesse

Quite right. Some of them want to join, some don’t. Some may even resist.

South

Some people thought, even released the game, and then went back on it. Because their circles are openly opposed. They also need a more scientific approach. You have to understand public opinion and do it right, not just blame the social media environment for being bad. Because people can be very negative on social networking sites, but this does not represent a silent majority. Maybe the silent majority embrace NFTs and are willing to spend more, hoping the game is more fun, but they may not speak out loudly on Twitter.

Daren

If we look at what’s going on in both the traditional gaming industry and the crypto space, I totally agree that there are a lot of top gaming talent in the gaming industry for many years, and I’ve spoken to them. I’m a tech guy myself, doing startup consulting and cryptocurrencies, not gaming. What the game industry experts say feels like going back to the early 2000s, when browser games and farm games appeared. There is resistance in the community, and there is resistance in many traditional game developers, who don’t think this will last. So not all senior game practitioners can accept it. They are right that this does not apply to everything. Some games are very suitable, the web version of the game, I am willing to buy some gadgets, buy a skin or other upgrades, but there are still many AAA game studios developing first-person shooter games, which are still very popular, and players will continue to play them. these games. So in general, the traditional game industry will accept NFTs and incorporate them into their game universe. But that doesn’t mean accepting it all, or accepting it everywhere, and perpetuating it. That’s what we’re doing now.

Because I mentioned earlier, I worked in the consulting industry. A major piece of Palm NFT Studio’s work is the work of the creative studio. We communicate with multiple game studios. When you think about NFTs, how do you integrate NFTs into your environment, how do you create an NFT experience for players? You need to consider XYZ. It may not be suitable for this part of what you are doing, it is not suitable for these games, it is not a good NFT experience. ABC seems to be a better fit for your particular genre of game, or a game of agency. The professional insights we bring to them come from professionals who actually participate in NFTs every day. They understand what works, have seen what works, have experience with it, know how to build it, and share it with the big game studios. So to sum it up, there will be a lot of studios and game companies announcing their plans to try, fail, and give up. They don’t do what the community would object to. But in the end, there will be some attempts that are successful, and they will say this one. Players love it and want to stay. This game is here to stay. That’s what we want to help them find.

Jesse

It makes sense and echoes what Jiho said. Both OG and players support NFTs. They’re like mentors to the traditional gaming industry, which undoubtedly wants to learn about new games, to explore and try out different options, and that’s where they need a company like Palm to help them. That’s what this team is capable of.

Daren

One thing that a lot of people overlook is that for the big game companies, they do a great job developing the games they know, far better than most of us, and that’s why they can be big companies. But being a successful gaming company can sometimes be a hindrance to trying new things. This applies to almost all companies, and the bigger the company, the easier it is to sit still and focus on what you are good at. So in these organizations, while people are excited about new things, it takes a long time to really drive change. So, it’s a pleasant surprise to see so many companies making announcements. But it will take a while before we see if any of them will be eliminated, or if the game companies behind them will get investment.

Jesse

It does. There are constant company announcements. It’s almost a trend. But what I’m curious about is that maybe Daren you and Dapper, maybe you can answer that. I think we’re expecting some of you to say, “We don’t need traditional game companies at all, they’re going to die, and their IP will become ours.” What do you think?

Dieter

What I basically agree with is that if we look at the shift that mobile games have brought about, it’s instructive. Because when mobile games first appeared, people didn’t take it seriously. Even today, at its peak, the average single user’s monetization rate and revenue is still much lower than the traditional game industry, most people will not spend more than $60 on mobile games, and a few are willing to pay higher prices. Pay, but most spend even less. So I think it’s a new game genre, not even that new, even Angry Birds has its precedents, but it has very little impact. Matchmaking games existed long before mobile games appeared, but they never caught on. Now, almost at random, there must be elimination games in the top 10 rankings, at least in the field of mobile games. So, in the crypto space, these are just another type of games for our audience.

Another point I think is likely is that we’ll see a net smaller user base, but they’re more engaged. This is the complete opposite of mobile games. Almost everyone plays mobile games, even the dog at home. People who never play gamepads or tabletop games also play mobile games. They can play mobile games anywhere. But they are not deeply involved, they are very casual. You just pick it up and play and put it down, and don’t care that much. Maybe in a week you’ll be playing a new game and don’t even care. In encryption, the opposite is true. You see people are deeply involved in the experience, and they want the game to be part of their identity. And it could be a very small wave of people, but the participation is very high, the game life cycle is much longer, months, even years, more like an MMO (massively multiplayer online game) long-term participation Games, which are different from shooting games, and different from mobile games that you forget after playing for a week or two.

South

We’ve seen games that have a grey market going well and being popular for decades, like Eve Online, Roomscape, and Roadblocks. These games are likely to be popular. The economic patterns here are special, and they are not included in the analysis case. The only case we could find in development was Neopets, which was also very popular in the market.

Jesse

Yep, this is a good example. These games are great economics, and like the counterexamples we’ve seen with the growth of mobile games. Mobile games are casual and easy to obtain. For crypto games, you need to open a wallet and learn some cryptographic knowledge. But once you’re in it, like Axie, it’s a long-term investment because you have a stake.Andrew, would you like to share your thoughts on this?

Andrew

Yes, we actually saw a similar situation in “Dark Forest”. Started with a small group of developers. The number of people in each round gradually increased, and multiple DAOs (Distributed Autonomous Organizations) emerged, and people organically carried out various types of collaboration. This game uses zero-knowledge encryption technology, and every move in the game is obfuscated on-chain. So it’s actually an interesting feature, and I think that’s going to continue.Another interesting point is that, for example, people are encouraged to write bots. So all kinds of players are willing to participate. They are very interested and will spread the game, and the spread is basically word of mouth, but with each round, we can see more and more people being drawn in and participating in the game. This is a real-time strategy game that is different from other games on the blockchain. We’ll see them expand in size, more and more games will emerge, more and more games will happen in real-time rather than taking time to appear.

Jesse

Makes sense. The Dark Forest does show the kind of imagination you’re talking about. My feeling is that you can learn to code, join the forest, it compares Ethereum to a dark forest, and it comes from a famous science fiction novel. So for xDai, is that your concern? Do you think you’ll be focusing on a specific genre, or will it be a mix of games?

Andrew

The team is also creating a dungeon game based on zero-knowledge encryption. Based on this idea, and the NFTs you earn, you can use NFTs to unlock different skills across games. What you earn in one game can be used in another game.We see various attempts on xDai. I know some of the guests here mentioned the lack of experimentation, but because our on-chain fees are so low, there wasn’t that much attention. So we see a lot of people trying it on it. But if they fear the cost of failure is too high, they may not try.

Jesse

This is interesting. Yes. There are some areas in the crypto space that will appeal to mobile users, mainly because of the nature of its success, and the reasons Robbie mentioned earlier. And what you see is the other side, it’s not that important whether the game is well made or not, they are here to try their own ideas and develop the game. I think we can talk about one last topic now. Because we only have the last 5 minutes. As you mentioned, there are certain types of players, such as developers who write bots to play games, and there are various game economic forms that are different from traditional game forms, because there are second-order effects or even third-order effects. So when we think about the hot word “metaverse”, what do you think is the latest hot topic? What is the next most important thing? Rather than crashing into a dystopian world, it can positively impact humans, players, and even non-players. A lot of people at some dinner parties would tell me, this is the Matrix coming, and we’ll be strapped to our chairs soon. Let’s change the order of speeches. We can start with Jiho and take turns speaking.

South

First of all, we should not be involved with any a priori concept, someone read it in a book, someone saw a movie. I try to avoid these, I hope I can enter and iterate with an empty cup mentality, forming an understanding of the situation as I experience it. Here, we have the rare opportunity to be on the cutting edge and observe change as it happens. I think there is a principle. It’s accessibility. Facebook got involved because they thought they had the hardware. But because they have the hardware, they think they can control distribution and control the future of the web. I think this is buggy and I don’t think it will work. Whatever happens, the underlying megatrend is that our digital lives and identities will become more important and more connected to our physical lives and identities. Such a trend is happening. But the point for us is that, like our freedom in the physical world is earned through hard work, that’s the heart of the whole thing. All of us here value a free, user, open and empowered future of the Internet, but there will be people who will join with a different purpose. Maybe a hypocrite, maybe trying to achieve what is seen in the movie. But I think this is what we should be aware of. Bottom line, like Axie makes me proud that most of our users are on Android devices, the most versatile hardware in the world. This also needs to be considered when people design experiences. Think about how to attract the right people, and how to use technology to benefit the people who should benefit the most.

Robbie

I think it’s inevitable that the world will be completely digital. People will live in virtual environments, maybe we are in a virtual world. So it’s about how we can best support people, help them realize who they are, find meaning, and bring justice to the world economy. So I totally agree with what Jiho said. The point is that the infrastructure on which it all builds is open, secure, and shared by all, not one company like Facebook. One more anecdote. The Internet wasn’t open to begin with, and after a very fierce struggle, there were other options, including the Microsoft Service Network, which at one point wanted to charge by the mail. The idea at the time was to charge a small fee for a single service. So this openness is not something to be taken for granted. We need an active push from people every day to get this all open.This is the most important thing we can do.

Dieter

I totally agree with what Robbie said. A dystopian story can only be avoided if we figure out how to build a fully decentralized bottom layer. Here, people are no longer forced, but freely chosen. We’ve seen that mailboxes are actually a great example of what we do today. If you ask someone what’s so good about the internet, he’ll talk a lot about Netflix, Twitter, Facebook. What they all have in common is that you need a mailbox to use them. And that’s the bottom line, no one has any control over this part, you’re free to go in and out. This is actually very powerful. Most people use Gmail these days. But if Google gets too rude one day, or doesn’t just send us ads, it’s a more serious invasion of people’s privacy, people will refuse to use it. So blockchain is our best option to keep these digital products and our digital lives from being controlled by a single company.

Daren

I really like the concept of the metaverse. There is a digital playground where everyone can participate, speak the same language, and cooperate no matter what they are doing or playing. I love this vision, this concept. I don’t know if this can become a reality. Centralized in one place, like there is only one Bitcoin, one Ethereum, one blockchain. The reality is that we have a lot of blockchains. To me, “metaverse” is actually plural, not singular. Because this concept of a single idea, a single solution, a single environment or a single operating environment adapting to everything, although it cannot be said to be out of reach, it seems to be something that everyone has longed for but never realized. So what’s really going to happen is that we’re going to see a lot of organizations, indie developers, startups creating their own metaverse. As for who is the winner in the end and what gets in the end, it all depends on the level of engagement. At the end of the day, for people and the mass market, the people who create the most value and bring the most to others will have the most fun. People take their time because it’s fun. I’m in favor of having common standards, and I’m in favor of creating metaverse concepts that fit the respective communities, as it should be. But especially in the early days, only the ones that really attract players will succeed. In the long run, we are all for building a decentralized world and believe that in the long run, this is the way to build a true community. A place where we can connect with each other, live here together, operate and maintain as a community. In the short term, attracting audiences depends on user engagement.

Jesse

This is another stage like the Cambrian explosion. Maybe what you want to say is that the concept of “metaverse”, although not inaccurate, may not be so accurate. It might just be a lot of different possibilities, hopefully it will eventually succeed like a mailbox, building a reachable bottom layer. Andrew, do you have anything to add about the metaverse?

Andrew

I agree with you that safety is the most important point. We’ve all seen what happens when data gets into the wrong hands, and it happens quickly and has a profound impact. For me, like Daren said, the metaverse is also about multi-community, multi-distributed organization (DAO). So I think the most exciting thing about the past year has been the proliferation of DAOs and how they came together and how they work together. These are still questions to be answered.To me, that’s the power of change that affects the way we interact very deeply.

Jesse

When someone asks me “what is the metaverse and what does it have to do with me”, I think DAOs are a great example.When used correctly, DAOs are a very good concrete example of how to enable. Of course there are some inherent risks, but today’s experimentation and the ability to make an instant impact anytime, anywhere empowers everyone to achieve equality. Our time is almost up. It’s rare to be able to bring everyone together, and for me, it’s also a very special opportunity. So take a minute each and tell me what you are most looking forward to and sharing about your upcoming schedule? For example, what is worth spreading but not yet widely known? We can start with Andrew and take turns speaking.

Andrew

As I mentioned before, we are working on a token merger with Gnosis and we are very much looking forward to that. We voted in the community, and 90% of them expressed support for completing the merge. Now what we have to do is build an Ethereum 2.0 mirror beacon chain, like Kusama, a canary network for Ethereum 2.0. It fills a void that has stock value in the physical world, while hoping to connect to Ethereum through trustless means. We are building this trustless transition bridge. We are looking forward to continuing to advance such a Kusama-like model, merging with Ethereum 2.0.

Jesse

OK. Kusama’s metaphor refers to the Polkadot ecosystem, right?

Andrew

That’s right, somewhere between test and production environments. There is a staging layer where projects can retain value in the physical world, but at the same time have the freedom to choose to prepare for entry into Ethereum 2.0.

Jesse

it’s great. I didn’t know about this before and it was very interesting. thanks for sharing. Next, Daren, what do you have to share?

Daren

I’m happy to announce that today Palm NFT Studio closed a funding round. We are excited to invite some investors to work with Palm NFT Studio. The round was led by Microsoft’s M12 Ventures. We are very excited to work with them to expand the reach of Palm NFT Studio and broaden the reach of NFTs, not only at Microsoft. At the network level, we are also excited to see contributions from the community. In the first quarter of next year, we will make a series of announcements about the Palm Network and its continued growth, so if you are interested, you can continue to follow us.Log on to our website Palm.io to learn more. The first quarter of next year will be very exciting.

Dieter

I’ve actually mentioned that NFL ALLDAY is coming soon, as well as a platform about USC coming soon. LaLiga is also fast.So for consumers, there are a lot of new developments to look forward to. As you may know, we acquired the Brud team, they are the team behind Little Mikaela, they are very bullish on DAO, so we have this team focus on social DAO, and it is already moving forward, and also has funding support. This is one direction of DAO. Looking at social DAOs and related communities, I think it’s an interesting exploration, and I’m personally looking forward to it. Next year, we will have a new vice president of engineering onboard. We’re hiring rapidly, and anyone interested in jobs related to any part of the stack, whether it’s application development or building a core blockchain, can keep an eye on the plethora of new jobs we’ll be posting over the next year.

Jesse

Great, all exciting news. marvelous. I’m also interested in the idea of ​​combining DAOs with social. At present, DAO is still mainly based on anonymous capital allocation, similar to the stage we are in. But adding a layer of social, so you don’t just rely on Discord integrations with third-party platforms, if that’s your direction, it’s going to be powerful. This sounds interesting. Robbie, how about you?

Robbie

Next week we will have a major partnership announcement. Should be our biggest partner to date, so stay tuned. What I find most appealing to me about Immutable X is its organic appeal. We started with 160 people building the test environment on Ropsten, and by November 1st we had more than 600 people. This is awesome. It feels great that everything is going well, closing big deals, getting investment. I think what excites me most is the organic appeal of this platform, where people are willing to develop and build. Personally, I also enjoy recruiting and being able to work with more people. We now have 3 executives from Ramp Safety Culture and the former CMO of Shutterfly. We have recruited 45 people over the past 8 weeks. So you’re welcome to join us, and you’re welcome to join the other companies in our midst, all of whom have similar but different perspectives, but are all building this metaverse together.

Jesse

Very comprehensive and fantastic. Congratulations on your recruitment progress and rapid growth. Looking forward to your updates too. Jiho, it’s your turn, what are you paying attention to?

South

We are also hiring fast. It’s unbelievable, there were only 8 of us in the beginning, so we went out and did one thing together every time. And now we can have 5 teams working on different projects simultaneously. Incredible. We are stepping up the update, updating the battle mode, upgrading the picture quality, animation, game mechanics. It’s almost a brand new game after the update. This is actually our third or fourth combat system update, with some iterations from time to time. With each update, we open up new audiences and make the game more accessible. The main update, at the very beginning, you don’t need to buy anything to get 3 free Axies. So people can learn and love the game before investing in NFTs and setting up their wallets. This is especially important to us.

I am very much looking forward to our decentralized exchange, Katana. Because in the future, DEX (decentralized exchange) will become a very important part of game competition. So when we were developing Ronin, we wanted to make sure that there was a DEX on the chain, because that would determine the liquidity of resources in the game. So the update will bring features that are more in line with DeFi (decentralized finance), which is also very important to our players. We also have LAN games. Axie is not a single game, but a universe. We are developing several different games. On the LAN you can receive resources, construct structures, and fight for the territory. It’s a bit like Clash of Clans, Animal Crossing, or Stardew Valley, but it’s still early days, but tokenization can empower communities.

Long term, I’m also looking forward to the SDK. Because we want to make sure that Sky Mavis is just one of many game development companies working on Axies. It’s like a web page that makes me feel cool. It would be strange for a traditional game developer to go into Web3. We don’t necessarily know for sure how to build a strong cryptocurrency community. We can do outsourcing, community as a service. If you join Ronin to build with us, you will get the resources of our community and the guarantee of getting users. People will be willing to try. You don’t have to, or you can choose to put the experience more on the game mechanics. And that’s what we lack. This is really high quality game design.Economies and communities will be owned by those who aspire to do these jobs. We will bring more game developers and designers to participate. It’s like putting together the last piece of the puzzle for change. I actually disagree with Dieter.These games will be the biggest games of our time, and they will encompass the entire society. Some people don’t play games because they feel like a waste of time. But these games are really going to help you in real life, and they can create a powerful emotional and financial connection with anyone, no matter where you are, and it can be very powerful. Affect billions of people.

 Jesse

That’s the trend of digital life, isn’t it? Our digital selves will be more important than our selves in physical space. So people will invest more time, and because of these incentives, you will also be willing to focus on long-term connections to specific communities, blockchains and projects. This conversation is fantastic. I am very happy to communicate with you, and I hope that you will also gain something from watching and learn about many excellent projects, initiatives and blockchain products. Thank you all for watching, and thank you all for being together at the 8th Annual Friends Meeting.

The way to attack NFT and GameFi

Posted by:CoinYuppie,Reprinted with attribution to:https://coinyuppie.com/the-way-to-attack-nft-and-gamefi/
Coinyuppie is an open information publishing platform, all information provided is not related to the views and positions of coinyuppie, and does not constitute any investment and financial advice. Users are expected to carefully screen and prevent risks.

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