AMA with CONTANGO #2
Last updated
Last updated
Michelle : The pleasure is ours. We keep on building and delivering no matter what the market does. This week we’ll release an update which will bring a significant increase in platform usage and user increase.
Goto : We are nearly half a million followers in all socials combined. The stats are constantly positive as we are constantly mentioned in third-party social monitoring metrics for TOP most engaging community. We are always proud of our quality community members for showing support and insightful suggestions. Organic growth and we always welcome newcomers!
Patrykos$ : hello team! 🤘
Patrykos$: To answer this question I would divide the Nakamoto Games project audience into several smaller groups
players: this is the group that should be the driving horse of the whole project. They are the ones who build reach and are able to create positive PR through their love for games. At the moment the problem is the adoption of players from the classical world to the blockchain world. The barrier may be fees, technology or a wide fear of leaving the classic model of gaming. This is changing, but still very slowly, which is why I think Nakamoto can be a pioneer in this topic.
Imagine replicating the classic Steam platform, with such a mass of games and audiences but in the world of blockchain. It is possible, it just takes time and the right product in the form of quality games. At the moment, games on blockchain are largely very poor quality productions that are based on the purchase of NFT and speculation, which often ends in a loss of the player. This has to change and Nakamoto's platform has to cut out the speculative value of NFT and the requirement to purchase expensive items to start playing. Therefore, an important aspect is the introduction of free gaming options.
Another roadblock is also technology. The player has no desire to connect to the exchange, purchase tokens, and link the Metamask wallet. He wants to go to the site, click one button and play. This I believe needs to be streamlined but looking at the plans for the project and the desire to introduce fees in the form of FIAT or their own stablecoin may work. We need to give a clear message that from now on players can play their favorite games and collect items, trade them, earn money and have fun at the same time. That is, what they have done so far, but now with the option to multiply their funds.
Current games on the platform do not build a community around them because they are simply short and often not very engaging, but with the emergence of external projects this may change. The game needs to be interesting, addictive for hours and give the option to compete against an opponent. Naka Strike is a foretaste of that. It is also worth adding that currently players are blocked by the aspect of the possibility of losing their funds by losing games. This is normal in this model, but why not give them something in the form of "comfort". You could implement a drop system for items that players could collect, or give them the opportunity to participate in random ticket drops from time to time. In addition to the aspect of earning $ naka, there must also be a system that builds the willingness to play in the weaker ones in a small %, otherwise only a few best players will remain, without much demand from others.
investors: people who want to be in the project but not to play, but to invest their money in order to earn over time. Nakamoto here is moving away from the speculative function of NFT and land in the Nakaverse which in my opinion is positive in the long term. Investors can't just be people who put in their $ thinking that in a few months they will run away from the project and take the profit. Yes, they are here to earn money, but also to participate in the life of the project. An interesting solution would be the ability to lend your shares to third parties. For example: I have a lot of money but no time, so I lend my NFT to someone who has no money but has time to devote to the project. Such a mechanism would invite more investors but also Nakaverse users who could be employees for rent.
If we talk about Nakaverse as a place for investors a good solution would be to implement municipal functions: electing Nakaverse mayor and people in different positions to give them additional functions. So that they feel important and at the same time encouraged to live in this environment. By the way if Nakamoto is to build a place for other gaming projects then it is worth thinking about a model like $ATOM has for example, where some allocations in the form of aidrops are given for owning cryptocurrency. A small thing but increases loyality and the desire to be in possession of $Naka.
I also strongly believe in it, I know that we are at the beginning and the adoption is yet to come. and the last point that popped into my head
observers - people who neither play nor invest, but build a range. Who of us does not sometimes turn on something on Youtube or does not watch broadcasts of Esports events. Why not create a place for people who are only interested in following the actions of players. I believe that more broadcasts with UpOnly will be realized because it is a good direction along with betting on winners.
Michelle : The core focus is on marketing the available products. First, people have to realize that on Nakamoto Games you can come and get paid for playing games. On UpOnly you can join and make money as a spectator. All is available now, it’s not a vision for the future.
Nicola Tan : GM everyone, There are a lot of play 2 earn blockchain games in the gaming world. However, the high quality play 2 earn games are still under development (especially the 3D and VR kind) and Nakamoto is actually one of the few play 2 earn blockchain based games that is available right now to users. Nakamoto stands out not only by its ability to bring new games to the ecosystem in a short span of time but also being able to provide different kinds of games and styles under its umbrella for all kinds of players. There are games suited to some people who have good reflexes as well as some who have slower reflexes; and this provides a rich variety of games for every kind of player possible out there.
Nicola Tan : The beauty of Nakamoto is its own SDK (software development kit) which allows the game to attract independent developers to build games, thereby providing a variety of play2 earn options. Through SDK, the team is able to leverage on other developers in the P2E space. In doing so, the team doesn’t need to take on game developers just to crunch out new, fresh and captive games to its players. The reward pool is designed to incentivize these independent developers to participate in Nakamoto’s ecosystem.
Nicola Tan : The key to continue to attract people is the availability and the freshness of the game, ie. Updates. They’re really important to keep people coming back for more. With the SDK and tokenomics, Nakamoto is expected to be coming up with new games on a timely basis.
The trick is to get blockchain games available to everyone, this may be a long shot but I believe Nakamoto Games may be able to get more opportunity by making the whole experience of “entering and playing the game” as seamless as possible!
which could be made available on an App in the future that is also connected to their social media channels. Such integration would allow the players a platform to share achievements and allow Nakamoto to showcase the top players and their earnings through their leaderboards. All of this might be able to entice people to join the game and try to get some earnings.
Nicola Tank : This could boost Nakamoto’s reach and the public awareness of this game (through word of mouth, marketing campaigns, referrals system, influencers on their social media channels). I understand that this could be quite a stretch from an IT perspective and there would be certain rules to adhere to in order to be but if Nakamoto Games are available through Apple appstore or Google playstore on devices, Nakamoto may be able to tap into the non-crypto exposed phone users.
Goto : I think there is an enormous addressable market and it remains largely untapped by blockchain gaming projects.
Goto : When we started out, we came with the vision of becoming the leading play-to-earn ecosystem in the blockchain gaming industry. We succeeded in delivering gamers with unprecedented optionality when it comes to blockchain gaming options, not to mention lucrative earning opportunities.
This is a significant market in its own right but we are now focused on broadening our applicable market by offering free-to-play gaming options where gamers worldwide can tap into blockchain gaming rewards without the need to connect a Web3 wallet.
Goto : Yes. Although blockchain projects are representing a growing share of this market, Nakamoto Games is bridging the gap between the traditional gaming industry and the blockchain industry by offering any online gamer anywhere in the world the opportunity to play and earn in a broad suite of blockchain games and SDK with third-party developers.
Goto : We have a full team of experienced professionals in their areas and everyone is passionate about crypto gaming. That's our core fundamental. We are fully transparent within the team and that carries on to the community as well. Dedication and passion is the key. And also resilience. We welcome creativity but that comes with being realistic too. We have mutual objectives to reach for NAKA.
Cryptodoi : With the recent collaboration with Khon Kaen University and Naka arena, I feel like the Nakamoto Games is slowly integrating themselves into the lives of gamers through a non-intrusive lifestyle change.
The whole play-to-earn space is still in its early days and it’s certain that we’re still in the early adopters bell curve where the only people who are active in Nakamoto Games right now are only invesotrs and not so much on the gamers side
Through the courses of lecturing on blockchain in Khon Kaen university, Nakamoto Games is introducing the play-to-earn space in a non-intrusive manner where students can adopt play-to-earn games from Nakamoto Games in a safe enviroment that won’t lead to a ponzi scheme and leave negative connotations for the gamers
Although many investors do not see any differences in terms of price action for the things Nakamoto Games are doing with Thai universities, I for one sees this as an opportunity for Nakamoto Games long term growth where blockchain knowledges are being integrated into the student’s lives and will slowly adopt P2E gaming not just for a quick ponzi scheme bucks, but rather for a more sustainable play to earn profits
It’s just a matter of time when more and more adopters starts coming in through the vast ecosystem that Nakamoto Games is trying to build that we will start seeing the difference in number of players, which is the leading factor for Nakamoto Games success
Cryptodoi : Obviously it won’t be something we’ll see within this year or maybe the next, but businesses that survive the market are the ones with a long term plan, and I see this collaboration as beneficial for Nakamoto Games’ future
Cryptodoi : Yes, the one thing that I don’t see from other projects is the tendency to go beyond what’s expected in the crypto space, and Nakamoto Games surely made a huge effort trying to integrate P2E into the lifes of the many rather than making effort to please in short term. Nakamoto games ALWAYS deliver EVERY SINGLE week
Goto : Yes, I'd like to add from earlier point that besides introducing a new game. We evaluate the previous games' performance and quality too. We enabled single-player option for NAKA Strike when it was launched for multiplayer, always optimize gameplay. Creating interactive games, gauging the pulse of the market, taking feedback from our growing communities and developing games and solutions that catered to the needs and expectations of our users have been some of the most challenging yet rewarding aspects of our phenomenal roadmap growth. We have the plan laid out, adjust based on the market, users and community.
Pruny : Quick thank you to the $NAKA and #Contango teams for the opportunity to join in this AMA and in the due diligence contest. Compared to the other finalists my answers are pretty short and as follows:
We know that crypto projects need to be constantly adapting to the environment, e.g. 1 month ago hardly anyone knew about move2earn and now it’s quickly becoming mainstream. Out of all the successes (e.g. original roadmap had 1 game scheduled for released in 2021, $NAKA released 6..), for me $NAKA’s most impressive success so far has been the $NAKAVERSE, as a reminder this wasn’t at all in the initial published roadmap… The team has come up with an original concept and launched public sales within a few months, an amazing achievement.
For the second question.. I’m a pretty lousy gamer (but fully enjoyed the $NAKASTRIKE tournament), I’m most anticipating the full $NAKAVERSE launch.. passive income is important and I’m excited to see how the team delivers on that.
Mike Grantis : Great question @GradyT, and thanks for moderating such a fantastic AMA. Roadmap is extremely important in our decision making process. We look for depth and detail in a roadmap. How precise can the team be with their deliverables? Do they have an understanding of their burn rate and how they will get from one stage to the next? Do they have a history of over or underperforming their expectations? Often times, the more detailed the roadmap, the better the founders know their business
Josh Contango : The roadmap has to to be ambitious but realistic. Technically its not just about roadmap. Its about deducing that the team will be able to execute on the roadmap. If those two things are present, you can be assured as an investor that the team will build exactly what they say they’ll build
Josh Contango : The conclusion of my due diligence on Nakamoto Games when we initially invested was obviously quite good or we wouldn’t be here today.. lol. I saw an experienced team that had the right developers and advisors to pull off the roadmap. I loved the idea of creating a P2E ecosystem, and I trusted in the team to make that a reality. The tokenomics were on point, and they were able to onboard some great backers.
Mike Grantis : Exactly, this is also key as we enter bear market. Teams that outsource development are reliant on steady streams of income to pay their contractors. Nakamoto Games has an opportunity to leapfrog a lot of their competition while other projects go into hibernation mode. The real work gets done during the bear market
Goto : Thank you all for participating. I enjoyed your research analysis, recommendations. We will definitely implement where we can.
Pruny : I would like to see the Nakamoto Games team focus more on developing a mobile app version for the $NAKA games.
Why is that?
1. Mobile phones dominate market share in Asia (one key target market), with on average 66% of users being online through a mobile, and up to 76% in India. Mobiles are generally cheaper and more within budget to even those with lower income.
2. It is more practical to play games from your mobile, whether in bed or on the sofa or on the move, people are generally more likely to have access to their mobile (e.g. in their pocket) than their laptop/desktop/tablet.
3. Smartphones are becoming much more powerful and can compete with desktops/laptops for graphics and processing speed.
Mobiles will not currently replace desktops/laptops but they open up a new market segment. For some of the games such as $NAKA Runner, Candy Shop, Nakar, a mobile app would be ideal.
and probably a point 4.. we can enable a M2E feature
Michelle : It’s a honor working with you guys. Everything been so perfectly organized. Friday we have a relevant news release.
Goto : There are many things going on at the same time, and some of them tie in the growth plan asked earlier. For example, we partnered with Chainport to provide secure, cross-chain bridge services. With a sleek and intuitive user interface for providing cross-chain functionality for different tokens and blockchains, Chainport makes it easy to transfer assets between different blockchains and across different protocols, all in a safe, secure, and reliable manner. Our partnership with them will bring new services and Nakamoto Games titles and opportunities to millions of new users. This, in turn, helps in our project's growth. Exemplary marketing campaigns also play a huge role in our growth plan such as what we are doing here, tournament, holiday campaigns.
