GAMERS HAVE BEEN IN THE METUTIVERSAL FOR 30 YEARS WITHOUT SUSPECTING IT
Microsoft Gaming CEO Phil Spencer spoke in an interview with Bloomberg Studio 1.0 about the metaverse, P2E and NFT. In his opinion, the metaverses have existed for the third decade, only the developers present it as something new.
ASIA'S LARGEST INVESTMENT COMPANY TEMASEK HOLDINGS INVESTS IN ANIMOCA BRANDS
Singapore-based public equity firm Temasek Holdings Pte led Animoca Brands' $100 million funding round, valued at $6 billion, complementing a January round that saw Animoca Brands raise $359 million from Soros Fund Management and the Winklevoss brothers.
Temasek's portfolio is valued at $300 billion. Temasek has stated that it does not invest directly in cryptocurrencies, and according to information from unnamed sources, this will be implemented through convertible bonds.
CRYPTO GAME DOGAMÍ RECRUITS TESTERS FOR MOBILE VERSION
On September 14, 2022, developers launch Soft Launch on mobile phones. 100 players as testers will be rewarded with $DOGA tokens. Applications will start on September 1, 2022.
ANDREESSEN HOROWITZ DEVELOPED HOW TO SECURE IP IN NFT
Crypto Twitter is buzzing with discussions of intellectual property and copyright issues in the NFT. This is one of the hottest topics of this summer. a16z presented their vision and solution to these problems - licenses.
WEB3 BUSHIDO OR THE WAY TO THE cherished PRODUCT MARKET FIT IN CRYPTO GAMES
Third longread on Encrypted. In this article, I delved further into the study of Play-to-Earn economies, the problems of crypto games, and possible solutions to problems. This is the second part of the mini-essay: What awaits GameFi on the bear and after.
There will also be an introductory part with a description of the problems, practical advice with diagrams and references to successful cases. The material was prepared as part of the community content on the channel Encrypted. Subscription is welcome.
FEATURES OF WEB3 BUSINESS
No matter how the founders resist the influence of bitcoin, the income in web3 depends on the “bati”.
The higher the price of bitcoin -> more influx of users into the crypt, which spread to other dapps and make revenue for web3 startups.
Lower bitcoin price -> more outflow of users, and given the peculiarity of many companies to be dependent on commissions, then revenues are falling.
Each growth-fall cycle has a Retention and some of the users stay and form adherents. These are the same survivors who become stronger and help to onboard others or create their own startups. On growth, they mainly earn money, on the fall they pump skills or improve the product, reflect and draw conclusions.
Your business model cannot be sustainable until bitcoin is sustainable. And the volatility is crazy. x20 growth and -85% fall, for altcoins it can be x100 and -95% -99%. This correlates with income, which often depends on secondary sales, commissions.
Therefore, most startups in an attempt to quickly scale on the bull run then fail because. unable to cope with bloated budgets and depreciation in a bear market that can last an average of 2 years, but may be longer. Only those who are very flexible and quickly respond to market conditions and quickly cut costs survive.
The same Axie Infinity in 2021 from July to December earned about $500k - $1 million per day. Now $9k-$10k a day. This is clearly not enough to keep the team.
What can be useful for startups?
– Consider the timing of the project launch;
– Create a treasury and set aside windfall profits for several years in advance in order to go through the crypto winter more gently;
– The team must have a person who understands the cryptocurrency market and the course dynamics;
– Work on the sustainability of your business model and diversify your revenue streams.
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1.Animoca's subsidiary, Animoca Brands Japan attracted $45 million seed round. The round was led by MUFG and Animoca Brands.
2.At The Sandbox kicked off new game jam The Ragnarok. The prize pool is 250 $SAND.
3.Gamedev studio Xterio closed the round Series A for $40 million. FunPlus, Makers Fund, FTX Ventures, XPLA were in the lead.
4.The Sandbox invests $1.7 million in INDEX GAME.
5.M.Video will open shop in the Roblox metaverse.
6.Dapper Labs: “Thinking of digital trading cards as securities is completely absurd.” Recall against NBA Top Shot lawsuits were filed for the sale of securities. Some of them were rejected by the court, and some claims are still pending.
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