MARKET CAP : $5,607,185,562,796.5

NFT Volume(7D) : $66,947,433.8

ETHGas : 6Gwei

( #IDO #GAMEFI #BLOCKCHAIN GAMES #NFT COLLECTION )

Real Monday Notes

RE3W

Brief Forward:

RE3W is developing a contributing writer program for aspiring gaming analysts. We’re early and building a new type of video game data and reporting business. That means we need to be at the forefront of fostering talent in our emerging industry. Feel free to reach out on our socials or at re3wsocials@gmail.com

THE MYSTERIOUS WIZARD COLLECTION

Web3 Gaming Account To Follow: https://twitter.com/remnynt

A thread from Remnynt on a growing project called “Wizards of the Tower Shade”

the @wizardsoftower news is A LOT. Here's the TLDR. the genesis and upcoming corrupted NFTs are:

stakeable and burnable factories

your account/deck in a web3 hearthstone

earn rare items and $ARCANA in the quest

Direct from @wizardsoftower Twitter account:

“The Quest Consists of Keys and Gates. Keys are hard riddles and puzzles that require the community to work together. Gates will test your skill individually and stay open for a limited time. Anyone who owns or buys a wizard can participate in the Quest and join in at any time.

Earning score and artifacts During the Quest you can earn score, rare artifacts and other items. When the War of the Arcane starts your score will be translated to $ARCANA. Your rare artifacts can be traded or kept to make your wizard more powerful.

War of the Arcane When the Quest has been completed the War of the Arcane starts. It’s a deck-building PVP and adventure game with your wizard as the commander. All your earnings from the Quest will be usable or tradable.

Original wizards Owning an original genesis or corrupted wizard, no matter the amount of participation in the Quest, will be highly valuable as these original wizards will be powerful beings with greater summoning abilities.

Summoning new wizards New players need to buy a wizard to enter War of the Arcane. Original wizards will have the ability to create new lesser wizards through summoning events and sell these to allow new players in. Summoning will only happen when demand is high.

Fusing You may fuse wizards together. Their abilities, experience and decks will merge into one more powerful being with unique abilities. Fusing will have a deflationary effect on the wizard collections.

Staking your wizard Your wizard will have the ability to camp the tower (staking). The longer you stake your wizard the more $ARCANA, cards and rare items you will earn each cycle. Staking starts when the War breaks out.

$ARCANA The currency of the Arcane Universe. It can be used to buy rare items, spells, cards or admission for adventures and tournaments. Your score from the Quest will automatically be converted into $ARCANA when the War begins.

Trading on-chain items All rare cards, items, spells and artifacts will be fully on-chain and tradable in game but also on external marketplaces like OpenSea.

We asked Remnynt for his comment: “We know the wizards are funded. and we know they're connected. So, why aren't they out there beating the war drums and clamoring for attention? wen moon? I'll leave you to draw your own conclusions, but from what I've played of their quest, the details and thoughtfulness behind the whole experience thus far, and the evidence we've found that they've been building all year ... it all leads me to think they're building something real - a high-quality web3 game that shows rather than tells. they're counting on the product they create to drive demand rather than hype.”

THE DIGITAL FLAME EXPERIMENT: SOCIAL GAME CONCEPT

Web3 NFT account to follow: https://twitter.com/GiancarloChaux

Giancarlo has built an NFT social game that has players adopting monks that keep a digital flame alive through minting mechanisms. It’s a unique experiment around free NFTs. Below are the details of how the social game works and you can find the website here: https://prometheans.xyz/

“Prometheans are an Order dedicating their lives to a fire on the outskirts of society The reason why this fire exists has long been forgotten. Some believe that it wards off an ancient evil, while others claim it's simply superstition.

This fire will be found on our website. It must be tended to at least once every 15 minutes (75 blocks), around the clock, otherwise, the flame goes out. You tend to the fire by minting a monk.

New monks will watch over the fire for 72 hours upon being minted, during which the NFT will be temporarily nontransferable (this is automatic). The game ends if the fire goes out. All monks undergoing their shift when the fire goes out will remain nontransferable *forever*.

There are 16 monk characters in total, all cc0. The monk you receive depends on the point in the countdown that you minted in. e.g. minute 15 = monk 1 minute 01 = monk 16 Monks recruited when the countdown is low will be rarer and likely have a smaller supply.

Part of the fun will be trying to mint a rare monk. Do you wait until the countdown drops even lower, or will someone mint before you? Remember there's a delay before a transaction is confirmed - wait too long and the fire might go out.

Ultimately the supply of monks is TBD, although some will be more common than others. And there might be a reason why you'd want to collect certain monks...(more later) Prometheans can last for years, or it can falter in just a few days. That's really up to the community.

We are using a pay-what-you-want model. You can choose to pay nothing, but contributions are appreciated and will help us build more NFTs in the future. Anyone who supports with at least 0.04 eth will receive perks for future

@zerodotfun”- Giancarlo Chaux

Why do we find this interesting?

The Prometheans concept seems like a novel mechanism inspired by the Nouns Dao community mint structure. Nouns are minted every day for the eternity of its existence. Each Noun is auctioned to the highest bidder every 24 hours. Here’s a quick breakdown:

Nouns artwork is in the public domain.

One Noun is trustlessly auctioned every 24 hours, forever.

100% of Noun auction proceeds are trustlessly sent to the treasury.

Settlement of one auction kicks off the next.

All Nouns are members of Nouns DAO.

Nouns DAO uses a fork of Compound Governance.

One Noun is equal to one vote.

The treasury is controlled exclusively by Nouns via governance.

Artwork is generative and stored directly on-chain (not IPFS).

No explicit rules exist for attribute scarcity; all Nouns are equally rare.

Nounders receive rewards in the form of Nouns (10% of supply for first 5 years).

For a collector or player, the concern of the Noun structure may be NFT rarity as the collection of assets is forever diluted. In the Promethean structure, dilution does not matter, only the countdown timer matters. Collectors will be incentivized to run the timer down in a game of chicken to collect a rare asset. Assuming players or collectors maintain interest in this project, monks will be minted for a very long time. This is very unique to web3 as a potential player UA tool for future video games. We will discuss the importance of this on a future podcast.

NIKE’S DIGITAL FUTURE AND GAMING

Nike just announce their latest initiative, .Swoosh, and it may be one of the most important events in web3 and for Nike. Here’s why…

Social network creation: Reddit, Instagram, and others will bring digital assets to already existing platforms, but Nike is creating a new network from scratch that will greatly damage the StockX marketplace. Nike is now the Costco card of fashion culture. Other companies that create culture will mimic this marketplace, creating custom social networks backed by cultural affiliation. Nike gets to own their own customer and forecast their needs without an oversupply of products. A true curation system where data is owned.

Digital manufacturing: @RTFKT is a digital manufacturer, Nike knew it could not build this without an entity to manufacture native content to fill the framework. Other companies will have to mimic, but @RTFKT is at the top. Big content creators will want manufacturing help.

Native profiling: Nike and other companies need to use social media data to target customers. With native digital assets, they can target the largest whales without additional third-party ad costs. Once you’re in their system and love the product it’ll be hard to leave.

Shoe identity: Adidas needed Kanye because they didn’t have a creator incubator. When Nike opens shoe identity on their network it will incubate future artists that will one day become Nike partnered. Nike will have a creator deal flow pipeline through the life of an artist.

One additional note...this is huge for web3 gaming. We can do another write-up as to why but @0xPolygon and @Fwiz are behind this. What do Nike, RTFKT founders, Ryan, and digital assets have in common? they all like, use, or have worked in gaming. Nike will be a gaming juggernaut.

Learn more about Nike web3 here: https://www.swoosh.nike/

FTX AND ITS DAMAGE TO GAMING:

Why Is Congress Still Writing Crypto Regulations? - The American Prospect

Here is a video we made that explains the damage SBF and FTX have on one game called “Star Atlas”, which lost significant company funds held in an FTX account. FTX also caused significant brand damage to an esports org called TSM, which previously struck a $210 million dollar sponsorship with the now-defunct exchange.

Star Atlas CEO’s statement regarding the situation: https://twitter.com/at_mwagner

Star Atlas has since established a plan to raise funds to continue building their game:

“Firstly, let's talk about the 4 sales that we'll be operating. 1. Titan Ship Sales (Week of November 21, 2022) 2. Special Ship Sales (Week of November 21, 2022) 3. Claim Stake Sales (Mid-Dec) 4. Central Space Station Land and Habitations Sale (Mid-Dec) Let's go through them. Titan Ship Sales A total mint of 3 titans for of the major 3 factions, totaling 9 ships. The titan ships will start at a discount of 80% and will lose 10% of that discount every week for 4 weeks. Each acquired titan will entitle the buyer to a unique commemorative ship skin.

Special Ship Sales Next, we'll be discounting a select group of ships that haven't been sold past 1.5%. These ships will start at a discount of 80% and will lose 10% of that discount every week for 4 weeks. Here are the ships on sale: “

Attached above is the link to review the rest of their rescue plan, but it essentially details a game-wide discount of assets for sale as well as plans to seek external investors. We are concerned about the path of the game going forward, but another similar video game called Star Citizen has thrived on asset sales through the community, so a rescue mission post-FTX is possible.

REAL THOUGHTS (Jonah Blake): LOOT DROP MECHANIC ROYALTY SYSTEM

After playing MW2 DMZ, I was thinking about loot drop systems for gaming when the assets themselves are extremely valuable. Here is how I think it could be created in web3 gaming…

One of the most exciting mechanics in web3 gaming will not only be the ability to earn and own real assets but the thrill of potentially losing them. However, losses need to remain fun to reduce the churn of high-value players. So, how do you make death and loss fun?

This is where game asset royalties are powerful in my opinion. In current video games, If I eliminate a player I get to take all of their loot and build my social score. Currently, the loser gets nothing.

One alternative is when I eliminate a player that has very rare assets, I can then claim it. However, if I sell the rare asset I won on an exchange, then the losing player can walk away with a small financial cut from the sale of the asset. Why add this?

From my perspective, games of high value need to bring players back in to spend more and keep the game alive. If the losing player who spends money is getting a rebate for playing, like a death discount to buy more assets, they may engage in more risk-taking actions and matches.

These are early thoughts, but I think turning royalties into a purchasable feature or a gameplay loop is something nobody can do in current video games that web3 allows.