Innoblock 2024: Key Success Factors for Web3 Gaming Projects in a Competitive Landscape

Innoblock 2024: Key Success Factors for Web3 Gaming Projects in a Competitive Landscape

 

The Innoblock Summit 2024 hosted a panel discussion titled “From Concept to Reality: Key Success Factors for Web3 Gaming Projects in a Competitive Landscape.” Moderated by Anndy Lian, a blockchain advisor and author, the panel featured industry leaders: Aaron Goolsbey (COO, Mythical Games), Florence Li (CCO, METAY), Ricky Wong (Co-Founder, Catizen), JT (Marketing Lead, Seraph), and Alex S (Head of Eco Growth, GGI).

The discussion centered around the critical elements that contribute to a thriving Web3 gaming project. While acknowledging the importance of blockchain technology and tokenomics, panelists emphasized the need to prioritize engaging gameplay and compelling narratives.

Redefining Success Metrics in Web3 Gaming

Challenging the traditional focus on high conversion rates, Ricky Wong highlighted the importance of organic user engagement. Citing Catizen’s success, he suggested a conversion rate between 5% to 10% as a healthy benchmark for Web3 games, emphasizing the need to educate and onboard users from the traditional gaming sphere.

JT echoed this sentiment, emphasizing the importance of attracting and retaining real users, not just incentivized participants. He stressed the need for seamless onboarding experiences, allowing players to enjoy the game before delving into the complexities of Web3 elements.

Beyond Tokenomics: The Power of Narrative and User Experience

Florence Li emphasized the often-overlooked aspect of storytelling in Web3 gaming. She argued that compelling narratives, captivating art, and well-developed game mechanics are crucial for attracting and retaining players, ultimately driving the value of in-game assets.

Aaron Goolsbey challenged the industry to move beyond the Web2 versus Web3 dichotomy, advocating for a focus on enhancing the gaming experience as a whole. He argued that Web3 technology should be seamlessly integrated to enhance existing gaming paradigms, citing Mythical Games’ NFL Rivals as a prime example. The game, with its integrated NFT marketplace, saw a significant increase in player engagement and retention, demonstrating the power of Web3 in adding value for players.

Monetization and Sustainability: Lessons from Web2 and Beyond

Addressing the question of profitability, Aaron Goolsbey acknowledged the inherent challenges of the gaming industry, where only a small percentage of games achieve significant financial success. He stressed the importance of applying proven game development and business practices, regardless of the underlying technology.

JT provided insights into Seraph’s dual revenue stream model, combining traditional in-app purchases with Web3 elements like NFT marketplaces and asset upgrades. This approach caters to a wider audience, allowing players to engage with the game on their own terms.

The Rise of Telegram Mini-Games: A Gateway to Mass Adoption?

The panel explored the burgeoning trend of Telegram mini-games and their potential impact on the Web3 gaming landscape. Aaron Goolsbey expressed excitement about the opportunity for user acquisition and overcoming the hurdle of wallet creation. He envisioned Telegram’s existing infrastructure as a seamless gateway for onboarding new users into the Web3 gaming ecosystem.

Alex S highlighted the potential of Telegram mini-games to attract traditional game developers, further enriching the Web3 gaming space. He emphasized the need for robust developer tools and support systems to foster a thriving ecosystem.

Florence Li and JT expressed optimism about the accessibility and ease of use of Telegram mini-games, making them an ideal entry point for new users. They envisioned a future where Web3 games seamlessly integrate with popular platforms like Telegram, driving mass adoption.

User Acquisition and Retention: Building a Loyal Community

The panelists agreed that user acquisition and retention are paramount for long-term success. Aaron Goolsbey stressed the importance of continuously adding value for players through engaging content and a well-balanced in-game economy.

Florence Li advocated for simplifying the onboarding process, making it easier for new users to experience the benefits of Web3 gaming. She also stressed the importance of creating high-quality content and assets that resonate with players.

The Future of Web3 Gaming: A Collaborative Effort

Anndy Lian concluded with a shared sense of optimism about the future of Web3 gaming. The panelists emphasized the need for collaboration, innovation, and a focus on user experience to unlock the full potential of this emerging technology. As the lines between Web2 and Web3 continue to blur, the future belongs to games that can seamlessly integrate blockchain technology to deliver engaging, rewarding, and truly player-owned gaming experiences.

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

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Bybit NFT GrabPic Launch: Meet our First Batch of NFT Projects!

Bybit NFT GrabPic Launch: Meet our First Batch of NFT Projects!

ICYMI, we recently announced the launch of GrabPic — a NFT program on Bybit where you can get your hands on high-quality NFTs at attractive prices. Trading NFTs has never been more fun!

 

Coming soon on Aug. 15, 2022, 10AM UTC, we are stoked to launch our first batch of NFT projects! Score NFTs from crypto artists, GameFi and Metaverse projects. As an NFT holder, you can get lucky with numerous airdrops!

 

That’s not all — keep your eyes peeled for our upcoming GrabPic Merge Card rewards. By merging, burning and staking multiple NFTs, users can upgrade the value and uniqueness of their NFTs. The first batch of GrabPic NFTs will be available for open merge activities, with the full merge function launching at the end of August, 2022. Stay tuned for more updates!

 

But first, here’s a sneak peek on our very first batch of GrabPic NFTs:

 

Zero to Hero — the very first NFT book on Bybit

Launch date: Aug. 15, 2022, 10AM UTC

Price: 2.99 USDT

 

About Zero to Hero:

Zero to Hero was created by crypto key opinion learder, Anndy Lian. Users with NFTs can view the complete NFT book collection here.

 

Rewards for holders:

  • There are 10,000 Zero to Hero NFTs in total, with 8,000 available for primary market release. There are a total of 300 Legendary NFTs in the series, where 20 Legendary NFTs will be sold in the primary market, and the rest will be obtained through merge rules.
  • Holders of Zero to Hero NFTs can get airdrop rewards from the other two (2) projects —1,500 WTF PFPs and 1,500 SIMP NFTs.
  • Zero to Hero NFTs can be upgraded to higher-value, mystery NFTs by merging with the Zero to Hero music NFT.
  • Zero to Hero NFT holders will have a chance to obtain a GrabPic Merge Card. Updates will be announced on Aug. 22, 2022.

 

SIMP

Launch date: Aug. 17, 2022, 10AM UTC

Price: 0.01 USDT

 

About SIMP

SIMP collection was created by a scientist on Valhalla planet in the WAG-mi2 galaxy. The planet’s civilization is about to be eliminated due to the collapsing gravity of another galaxy. To preserve the planets legacy, the scientist broadcast images of their culture and civilization. Read more here.

 

 

Rewards for holders:

-There are 10,000 SIMP NFTs in total, with 5,000 available for primary market release.

-There are a total of 300 Legendary NFTs in the series, where 20 Legendary NFTs in the first batch will be sold in the primary market, and the rest will be obtained through merge rules.

-Holders of SIMP NFTs will receive airdrop rewards from the WTF project. A snapshot will be taken on Aug. 19, 2022, 9AM UTC. Holders with five (5) or more SIMP NFTs will receive a WTF NFT airdrop.

– SIMP NFT holders will have a chance to obtain a GrabPic Merge Card. Updates will be announced on Aug. 22, 2022.

 

WTF

Launch date: Aug. 19, 2022, 10AM UTC

Price: 0.01USDT

 

About WTF

Mamo.wtf is a profile picture (PFP) NFT project with 10,000 pieces. The NFT collection is inspired by artificial intelligence, outer space and civilization. Read more here

 

Rewards for holders:

  • There are 10,000 WTF NFTs in total, with 5,000 available for primary market release.
  • There are a total of 300 Legendary NFTs in the series, where 20 Legendary NFTs will be sold in the primary market, and the rest will be obtained through merge rules.
  • Holders of WTF NFTs will receive surprise airdrop rewards from upcoming projects.
  • WTF NFT holders will have a chance to obtain a GrabPic Merge Card. Updates will be announced on Aug. 22, 2022.

 

Original Source: https://blog.bybit.com/en-us/post/bybit-nft-grabpic-launch-meet-our-first-batch-of-nft-projects–bltd6da09b1cee5912f/

 

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

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Korea NFT Projects Should Embrace Community To Build Success, Says BigONE Exchange’s Anndy Lian

Korea NFT Projects Should Embrace Community To Build Success, Says BigONE Exchange’s Anndy Lian

Speaking at the 1st Korea Blockchain Conference (KBCC) on February 15, 2022, the Chairman of BigONE Exchange Anndy Lian underlined the importance of a powerful online community to securing the success of any NFT project.

 

As well as the obvious boom in NFT artwork, and in Korea the use of NFTs to promote K-pop, Lian said the growth in the use of NFTs to connect fans and artists through all-access type membership was notable: “Whether it’s to get closer to your favorite UFC fighter or singer these are hot trends in the market right now driven by the power of community.”

 

Another form of community where we are going to see the growth of NFTs is around meme coins, he added: “That kind of utility is really powerful because they have the community backing them you know, so they will have the benefit of starting their NFT project with a few hundred thousand users right at the start.” It was for this reason, due to the strength of their community, that Lian added that he saw these big communities as personally worth investing in.

 

In terms of Korea’s leading role in blockchain innovation Lian told the panel audience that from his experience, talking with corporations such as Samsung and Hyundai, as well as senior Government officials, the key players are all very mindful of the importance of blockchain technology for the country’s future. “It’s not simply about creating decentralized data storage but how this technology will be embedded in our lives, enabling the automation of all aspects of the economy for the benefit of all citizens.”

The panel titled ‘Blockchain Technology, Innovation And Opportunity’ was led by Jenny Zheng (Bybit, NFT BD Lead), Anndy Lian (BigONE Exchange, Chairman), Davy Goh (Passion VC, CEO), and Joe Lu (Origin Storage, Partner), and Hwang Byung-sun (Big Bang Angels, CEO).

The event’s opening session was given by HS88 Chairman Kim Ho-seong. The session ended with a speech by Won Hee-ryong, a member of the People’s Power, and Lee Sang-ki, the Korean representative of the World Blockchain Organization (WBO).

KBCC was designed to help the growth and development of the blockchain industry. The event aims to let the South Korean audiences know more about the technology by bringing foreign experts to share their experience.

About BigONE Exchange

 

BigONE is a global cryptocurrency exchange that provides a platform for trading various cryptocurrencies. It was founded in 2017 and registered in the Netherlands. The group operates in Russia, Brazil, Vietnam, Seychelles, Singapore, Japan, and Indonesia, providing marketing, investment, and blockchain technology research & development. Further information here.

 

Contact:

Name: Linda

Email: linda@big.one

Website: www.big.one

 

 

 

Original Source: https://www.marketwatch.com/press-release/korea-nft-projects-should-embrace-community-to-build-success-says-bigone-exchanges-anndy-lian-2022-03-07

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

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