Takes Two to Tango

Transcript

on this panel we have our friends Jack from Pluto's VC Maurizio for Mario and Jeff for breeded out as well as things always from tribe will be the moderator for this session hi good evening everyone hope you had a good session at blog Play Expo today I'll be your moderator for the session so today's topics I think it's really about um a very common way that people are starting to play games these days through guilds and also a very common way that people are trying to organize themselves which is through dials and so today we have a very interesting panel consisting Jack V from Pluto's VC Jazz are from breeder down and Maurizio from Mario

so can we start with having our panelists introduce themselves tell us about what you do um let's start with Jack please sure um we are a crypto uh friendship Capital fund um investing in crypto projects so we have uh we are having around 200 uh portfolio companies so far and we started back in the 2017 and um so we are investing heavily in the game find Guild Q5 and the other uh gaming uh analytics software as well and plus uh we are also investing in uh cxdx and other uh launch pack uh as well

so we are having an in-house exchange and I would like to highlight the value adding uh so we are so for for example for myself I'm doing the post-investment uh doing the do screening uh the DD part and the post investment there at so I'm currently spending over 80 from the time on the value adding uh to the founders so for example um number one hackathon so I'm getting uh some of the founders to join the uh ivy league hackathon in Harvard La hacks uh where the founder can can pitch their ideas to the brilliant uh uh graduate from from those University second it would be Market making so we are working

closely with the top tier professional mm house uh uh depth so we are working with Lana house uh Solana driven deaf house and uh ethereum deaf house so they can provide a very quick very quick module building for the founder for example some of the founders looking for uh sticking module so they can deliver like two weeks um to where the founder can increase a uh or decrease the the selling pressure on the token and the tokenomics optimization so we are from a gaming background plus the finance background so we are always fixing uh doing some twists and fixing the tokenomics before going to the ideal

Launchpad or even the uh the CX listing process so uh yeah so Guild so we are introducing due to the to the game file we're introducing the game finder the guilds so we are also investing in analytic software in the middle the more of the middleware startup company so we are actually connecting the three four party together uh all the time so that's that's what we do thank you wow that's a pretty exhaustive list um so long story short you do everything trying hard

I guess you need a bit of everything to be able to fully understand the space um let's continue with uh Jeff maybe to do an introduction to sure thing yeah cannot can I be heard yes you can all right so I'll tell you about reader now what we essentially are is that we are the factory of the metaverse so we got our start by producing nfts in blockchain games where the production or the upgrading of an nft is an in-game mechanism so think um if you upgrade a sword or if you breed an axi you make a new nft right so those are the things that we specialize

in where exclusively an asset manufacturer and a distributor we are not a guild we do not rent out these assets in fact guilds are our number one customer we um we essentially cater to guilds who want specific types of assets right uh so we try to look for the best combination of game assets which would maximize yield and maximize uh winning in blockchain games so we use a combination of game analytics and game Mastery to achieve a cost efficient production of in-game assets so that's what reader now is and that's

how we got started definitely interesting so in the sense that you create new sort of in-game assets yeah correct so um what's normally misunderstood is um are we a guild or are we on a studio so um neither is true we do not so and so create the nfts for the game themselves Allah we do the art we do the statistics we do all of that no we are simply game participants so if you think of it as a real world economy we are a factory we produce um cars for example right that's our role in these in-game blockchain

economies foreign thank you so much for having us and thanks uh to anyone that is joining us um my name is Maurizio I I'm a new I'm new to the to to this environment I'm the first one to admit that uh up until six months ago I was uh more in traditional uh uh Sports and gaming Ward um I was leading the sports and gaming initiatives for Twitter in Southeast Asia and greater China

uh I joined the guild for a little bit of time and um because while I was at Twitter I looked at how this uh web3 movement the Revolution was happening I helped a few companies unlock the potential of so-called crypto Twitter while I was there and I decided to with a couple of uh of Partners to go full time into web3 the idea is to use uh game and sports as an education tool

uh for uh you know millions of people that are looking in but they haven't had the chance to be part of this of these initiatives right and uh when you gamify the educational uh process so usually you get uh people that are more attached more attentive and they are more enthusiastic about this so right now we are working uh on a few uh Partnerships uh nft projects and uh and games with uh with some of um uh Sports and getting ideas here in the

region wow okay so a bit more Hands-On the perspective trying to implement games for for some sort of uh impact yeah yeah I I you know I think that um one thing is to to keep this uh this panel as interesting as possible and that's great on the other hand is why don't we talk to millions of people at once through games and through Sports content so these guys are already uh you know on the same page sounds good actually so it looks like

today we have a pretty diverse panel um so I like to start the first question with uh Jack so I'm curious uh since you've had quite a broad experience maybe you could take some time to share with us your experiences working with like guilds and bells in the space okay sure um I'm actually very happy to see a lot of views are providing a new sort of income for a scholar from um uh a lot of uh developing countries uh because I've been chatting with a charity women uh she is from um uh uh un for a charity

and she's moving to the guild business and in the dial pieces as well I asked her why are you doing this is oh because he's doing really good job to the uh developing country providing uh income so but however this question would be how much income are are these skills are providing so I heard and I've been talking to quite quite a number of kills I come up with a golden number which is 300 U.S a month and however in the last two three months or even half year not a lot of kills are are um they're facing challenge to provide 300 income on a regular basis but maybe they can do a two months three months

but not a regular uh consistent uh basis so so that uh that's one of the challenges that I'm seeing from uh from the guilds and second would be the queue manager performance measurement so I've been asking them what is the kpi to the Q managers so for example uh I'm assuming that could be hour of the the gameplay or second would be the um uh a lot of activity Under The Guild managers so for example a q manager are managing seven to eight or even 10 guys on under them in Philippine or uh they could be um the game manager can be a cafe summer Cafe owner so I heard of

that story before in the cyber cafe owner it is recruiting the the young guys to join his uh communicate as a game manager but the question is the performance measurement is quite unclear uh it's it can be more systematic sometimes so that's that's why in my observation that's actually pretty helpful to have the perspective of like what people are actually looking out for so for individuals you're saying that 300 USD is a decent amount so of income and and then that would allow for more people to take part um so it's a current market rate is is

actually moving to the 120 to 150. and um industrated scholar is accepting or starting except that level as well because of token is dropping other competitiveness of the of the uh GameFly as well yeah definitely I think it's gotten a much more competitive in this case but however I would like to share the third observation uh around the guilds I think the Triple A game is coming up and uh some materials are slowly preparing to build a guild Community around AAA games um I'm not sure that the first wave a triple agent will be coming up the uh the fourth quarter or next uh one of the

Q2 next year so I think that could be a new uh Frontier for for the guild to to to for some number one uh maybe potentially increase the income for this scholar number one number two could be uh getting the discount package nft package or in-game SS package from from those uh new AAA games coming out in the markets oh thanks for the third observation I think it's something you can definitely look forward to we've been hearing about AAA games coming out for quite some time already so yeah yeah I think it's quite quite good to hear that these skills are interesting uh interested in in taking part in this um since we're talking about guilds

right I think and and we also sort of touched on regarding metrics um maybe I could ask Jeff a question um so in your opinion like what makes a successful girl or a dog well in my opinion um a girl that whatever makes a successful Guild is if they can really rally around and build a community around the games that they're playing so guilds are guilds enjoy the luxury of being able to choose the games that they play right and this extends towards the community that they built they're not stuck towards any one game right they're not

um they don't have an exclusive deal with the game and then games are plenty out there right people are making all of these Cutting Edge games with really new and Innovative tokenomics um there's a lot of plans for a lot of games and uh the the key I believe at least with creating a good guild or a douse really fostering that Community making that Community loyal but um not only in it for the financial gain because um if if I can be honest I think that uh the fact that people who play these blockchain games right now 90 are in it

for the money right ninety percent want to get a financial return on their investment and um I think what's needed is really I'm fostering the spirit of actually playing games for the enjoyment enjoyment of it which is really what games are for right so any Guild that can successfully replicate that get them successfully um make the actual playing of the game enough of an incentive rather than um financial gain will be set up for Success especially these days like like Jack said it would take two hundred three hundred dollars it would be ideal

and in the Philippines if you gain 300 a month that's I quit my job level already right that's above minimum wage so if anybody was making 300 a month they would highly consider quitting their job right but now that's no longer the case right the way we see it and we talked to a lot of Guild Partners um scholar retention right now is a big big problem and it's because of it's because of the money that you gain from these blockchain games right now isn't as much as you could have gained before right so for other people it's no longer worth their time but that's for the people who are only in it for the money right so I think like I said going back to the point

um it's all about fostering a community of real Gamers not speculators not people looking for an alternative means of income or to replace their job but real gamers that's my opinion and so I guess I can follow up a bit more which is a bit more relevant about breeder now does and what have you seen about like nfts in the space that have maybe enhanced these game experiences that maybe keep some of these real Gamers that you're talking about oh lfds add an infrastructure layer to the metavers sorry to these games right and to a macro extend to the metaverse so virtual game economies have

been around for the longest time okay you could earn from playing games for the longest time if you play MMORPGs of the past like Eve online World of Warcraft RuneScape um Second Life right these games are actual functioning virtual game economies and you could actually earn a living and earn some money from these games the caveat there is that you were at the whim of the Publishers so the Publishers owned your assets you had no real ownership of the assets what nfds do and what blockchain does it is it adds infrastructure

right and the most important uh benefit of this infrastructure is you own the asset it is on chain immutable it is yours they cannot take it away from you right and aside from that having a blockchain layer opens up a host of financial services so blockchain has been around for a long time and game five only came into the limelights OR blockchain gaming rather only came into the Limelight last year but before that people have been building these financial services around blockchain Tech right and once you have that infrastructure set up for your game you then have access to this infrastructure and what and how does

this translate to a normal person for example if I have a game asset right back in um previous games in web 2 I'd have to go to the black market I'd have to look for somebody willing to buy my asset from me and I have to make sure that I don't get scammed along the process right what blockchain does is it formalizes the whole process such that it's the Market's very liquid you can find an easy buyer you can go in and out to Fiat very very easily compared to before so it's that ownership layer and it's those finals that's it's those access to financial services and

basically it's building out the infrastructure and we don't know what other benefits there will be in the future but what matters is you build out the infrastructure to uh basically um facilitate better trade amongst the marketplaces in these games I think we lost our moderator oh no yeah what do you think now we are and now we are uh now we are on our own and we are

going to Africa it's okay no problem improvise so what what's your uh what's the tick my take yep on this yes but look I'm um uh I'm with the Jazz opinion uh on the fact that uh gaming and making money out of gaming has been around for a long for the longest time um it's true that blockchain gaming there started uh coming to to surface only um only a few months ago like 18 24 tops but the numbers are not there uh when

you compare these when you compare the number of people that are playing these games to the number of people that play regular games the ones that we buy because I'm the oldest with the three of you combined I'm still older right so these are still massive numbers right um I think uh I think that uh we are definitely facing some um um how to say some hard thoughts you know the the the ROI is not there any longer the earnings are are going down for for whatever reason right this is so new that we need to adjust uh to uh all

the different Dynamics in the market um I like uh my my my idea is that I like the the concept of playing games and earning not playing games to earn right I want to find a way and I'm sure that we are going to get there because there are going to be more and more games that are going to be released we as Gamers we are going to start moving around the different games I don't like this I move on a lot of games are going to have this uh you know nft layer on top on a free to play that will kind of merge the web

2 with web 3. uh I think though that we are going to be um like like you guys brought up here yeah we are going to be in charge of what we want to do and how we want to to invest our time and resources to play these games the nft is mine if I decide that I want to give up this game because I want to play something else I'm going to give it to somebody else through an open market and if and and this somebody else will benefit from the fact that I have already played and I have certain uh you know powers or or what not um

you know as a as I said at the beginning when when I introduced myself uh I I hope that in five years time we are going to have millions of people playing thousands of games and we are not going to make this difference between you know regular gaming and blockchain gaming it's uh it's just a matter of how you use uh you know to use chess term how you use this technology how you use this uh this uh infrastructure that we are putting in place when I was at Twitter I had people that are like this this is not game this is just you know bleeding this is not uh you know real competition I don't know I feel like uh it's just

too early the technology is not going away it's just on us to decide what we want to build there's I was reading an article earlier this morning in which uh even though the market is is going down uh there are more and more builders that are not giving up they're like I'm gonna build this game here I'm gonna build this service on this technology I'm gonna do this because the technology is not going away so it's um I I think that is great that we are right at the beginning of this journey and we are actually in a position to shape what

um how we can approach people because as I said we cannot really say that we are mainstream until we have millions of people that seamlessly they pull up their wallet from their phones right without having to to go through a hassle or anything is Crystal taking over yes I am so thank you so much Maurizio for all the sharing uh Jack and um Jeff is there anything you want to add before we move on tomorrow at this point that was that was perfect for Maurizio I agree

yeah I think also I would like to like hear from you guys right like are there any risk that you have noticed when it comes to like the gaming space you know like typical from Smart contract and security risk I mean moving a bit away from what Naruto has talked about maybe we could just start from Jack first foreign that's right I mean other than the typical you know smart contract and security risk that most people talk about do you think that there's any other risk that comes along when you come to the gaming space uh well let me share with you uh very very uh uh real life story so I'm uh

what one of my uh best friends he's a guy he's called um uh uh Mr G so he he runs he's a founder of a D5 Kingdom uh Guild so I think he's skill he's the second largest uh skill uh defy kingdom system and uh in terms of the SS value uh the of the holding so there uh some of the smaller uh scholar are are holding around 10 Heroes and the bigger one and the biggest one are are holding 300 plus uh heroes in their uh I asked uh this guy the founder he said oh what was her secret to success or how are you managing the resolve uh such a big Community uh which is second

largest globally so he said uh we get in very early and then we won uh in turn um so the average uh entry price of the nft assets is extremely low so he said uh 80 of a scholar or the players are are getting in the week one so we are loving the game we really love the community we want to see the the growth of the uh platform as well so they they actually love the founder team uh he said the the the final teams from Wall Street and stuff like that and the connection between the scholar guilds and the founder team at the game designer team is very close so that's

the number one uh thing that I'm seeing the second um so they're also suffering the the the recent uh recently because of the price uh changes I think that would be one of the research beside uh Smart Control technical risk but however getting uh early into the game uh can be one of the the way to mitigate the risk if they're having a very low entry price yep uh how about Maurizio and Jeff any any thoughts on that um look very quickly I think that um um this is something that that is still

happening and uh and I think that um it might uh it might slow down the adoption of the technology as a as a building block to release games I feel like um sometimes there's no transparency around the team project uh you know tokenomics now you can download them from the model of tokenomics so you can download the template from from the web you you change a couple of parameters and then then you go I think that uh uh as I said we are at the beginning of this journey more and more games will come out uh um the good ones will stay around I would suggest that people stay vigilant

because sometimes you you join it a community that is supporting a project and that's how it works right that the community basically funds the creation of this project and then all of a sudden everything crumbles so uh that's that's my only concern but uh but again I see this as uh as a growing pains uh uh not as an endemic uh an endemic um you know uh situation where uh where um people try to take advantage of uh of people that don't know that that much so we are we are going to get better at that as

well right thank you so much for that um Jeff do you have any inputs on this otherwise I do have a questions uh for breed Adele I mean similar to this question were actually repositioned oh sorry keep going yeah yep yeah so you know the biggest risk is that this is all for naught right the biggest risk is that blockchain gaming does not have a product Market fit and gamers are not willing to take on blockchain game that is always a big risk right this is very new and Innovative technology and that is the biggest Black Swan event

I wouldn't call it a Black Swan event but that is the biggest long tail risk right that um people will just not adopt games and it could be a combination of things right it could be a combination of the fact that we have not yet cracked sustainable game economies that's one thing that's a major thing right what we've found is that these game economies um they are unsustainable by the sign at least in their current iteration right now I do believe these games will iterate every now and then in order to fit new trends in order to fit um in order to fit that image not even the image but being sustainable right

another another failure another reason for for failure is that um it's very hard to make a game right like Point Blank it's just hard to make a game and I'm not even talking about blockchain games I'm talking about normal video games it's very hard to make a normal video game it's even harder to make a successful normal video game it is a Monumental task to make a successful blockchain video game so it's hard right the road ahead is not easy right um there's a lot of variables there's a lot of moving variables a lot of areas Niche Niche areas that requires

expertise from different people economists game developers game designers right but I am confident that it's only a matter of time the upside in the bull case is too undeniably um the opportunities is just too large Right video game the gaming Market is just too big and the blockchain infrastructure layer the benefits the benefits of it if we succeed doing uh what we want to do is just too beneficial to everyone in the ecosystem that I think the best and brightest Minds will try to solve these problems well that was quite a Spiel actually

yeah if I if I may I don't want to ruin the Poetry that that jet just dumped on us but look if you look at when video games started we are exactly the same at the same moment we had crappy games the good games uh came up now we need to to find the right way to to make this technology work you know I don't want to sound uh pessimistic but it's not a matter of token Onyx this is really a matter of uh how do we make something that is fun something that uh that a lot of people play maybe they make money maybe they don't doesn't matter because again it

shouldn't be the only the only thing that matters right um so yeah it's it's it's going to be tough one thing that I would like to to to add though is like you know there are thousands of games that are still successful because they make enough money so that the studio goes on right so we have a big variety we haven't reached that yet because the technology and this all uh blockchain gaming is so new that again uh it's it's gonna happen eventually um but it's mostly on the quality of the games that are going to come out and if

the studios believe in that uh and we have good gains and again we are educated around how to play these games what the rules are what kind of tools I need you know instead of signing up with Gmail like sign up with a wallet that's uh that's the kind of things that we need to start educating people because the whole ecosystem is not sustainable with 3 000 Scholars or uh 500 000 people playing one single game all beat what billions of dollars so I think to sort of wrap up the

session I'd like to ask one last question and I think now that we've painted a very broad picture of like the gaming industry and the future of it I suppose while it's hinted is sort of an inevitable kind of situation I could hear a bit from Jack's perspective um so what in your opinion right makes these models attractive to you as a as a VC or as a person interested in a space um uh there's some so I I mean uh talking to another uh the model the business model that we haven't uh touched on tonight which is a gaming studio and us pictures gaming studio from Japan uh one from New

Zealand one from uh Korea one from uh uh mainland China in their their their team of people around 20 20 guys they're trying to uh blockchainize the web 2 games into web three and there's two approach um and actually one of the 10 studio uh they are developing a a module uh to blockchainize the web 2 games into web3 and but the the biggest question would be are they attracting the web 2 Guys into the game or attracting the web 3 Guys into the games this is one of the core uh questions of these uh new games coming in the markets

and uh the first option would be attracting the web 2 Guys in into web 3 and uh it proved to be a quite a challenging task because the web 2 gamers are are uh they're focusing on skill the they really focus on The Narrative of the game really or the the playability of the game but however the web three guys are more of the crypto native guys they're looking for a bit of uh uh sticking return and they they treat it as a it's a it's a defy Source uh and they can they can they're investing their nft themselves and they are trying to look for a bit of uh

income and a little bit the playability for the web three guys it's not very high but with two guys it's very high so this is challenge of those Studio that we're talking to so there that and third option would be the hybrid so they they are trying to mix the web 2 and with three guys together into their go to market strategy but however the the equal to Market strategy could be very very difficult to feature both both end at the same time so they need to make a choice at least in the first two three four quarters well thanks for I guess picking up a part that we actually missed out which is a game studios itself

um and I think that has given us a very broad discussion of the overall panel uh we have time for maybe like one or two questions then I think we are done because I think we're actually already at time um and so we have a question from Camry um and it's about shifting from people actually wanting to play the games then actually to want to earn from games I think this question would be relevant to both uh Jack's perspective and also Jets perspective I think you mentioned that eventually you want to move to a scene where people are in the playing the game because they enjoy the game so

maybe you could start with uh Jeff you can talk a bit about uh what do you think would be the focus for you for guilds to play the games uh and then maybe we can wrap up with a response objective sorry can you please rephrase the question so the question is asked about um what would be the main focus uh for your community to play uh these blockchain games okay um should I speak in the perspective of reader now or in the perspective of what in my opinion what the community is looking for in a blockchain game Community doesn't necessarily play the

games at least not under our supervision yeah I suppose both would be good because I need you work with a lot of game assets right and if a perspective of like all these different uh sort of like game economic models got it okay well for one and Mauricio already touched on it and that really that's that's the big that's the big if here the games need to be playable that's it right um I I play a lot of battle around I spend money on these skins that don't really give me an advantage in the game right I spend like 10 20 dollars to buy a a red rifle just because it looks nice right I don't expect to get my 10 20

dollars back right but it looks nice and my friends see it and they compliment me and I feel good about it right and I like it because I support the game because I love the game right and I think that's what's needed right there needs to be high quality games where people are willing to spend money on right and when these high quality games come then the community will just flock to it right there's no better way to sell your product than to just have a good product it's got to be playable uh people have to be willing to spend on it and to speak in the perspective of breeder now we are breathered out um we're not really uh exactly too invested

well we are affected but we're not too invested into economic models right um to us we're game agnostic um but we are of the belief that assets drive game economies I could go out and say that nfts drive game economies but that's true but I want to say assets and I choose to say assets because that's the way it has always been ever since before web3 assets drive game economy swords right gold plane chain mail whatever whatever sort of assets there are there they're the main driver and Main heart of these game economies they're the main um items that you collect and you play

with and we believe these items will always be needed no matter what the economic model is or no burn matter what the game is so for our community um our our um service or what we owe our community is efficient production of these game assets right and spotting basically the next Trend or the next game that could potentially spark the next uh Bull Run for blockchain gaming yeah if I if I I wonder if if it's Turkish but uh but um the

to just point uh we are already you know spending time and resources to play regular games right uh the the games might be free to play at the beginning but the fact that you're adding this layer that allows you to trade these assets uh you know I'm using Jets uh Jets uh example of Valor and the Red Rifle I don't need it any longer maybe I want a blue rifle I put the right the rifle back on the market it's mine I'm going to to to to to get maybe some of that money back or maybe even more money because that rifle all of a sudden has become rare or what not right or maybe

this guy needs it for that specific task and it's going to give me exactly the the the same amount of money that I pay for it but it's mine right so we are building two things the the fact that the players are enjoying the game game which is the most important thing and they are now getting bored and they want to play they come back from school or from work and they start playing and then they are investing time and the resources and they have also the opportunity to get something back and we need to build the whole ecosystem around that how do I cash out this money man well maybe through partnership with

the exchanges how do I create this uh this opportunity to have these nfts maybe through Partnerships with wallets and so on and so forth right it's on us it's it's on on the industry to be able to educate these new Gamers that there are these new opportunities right now if you want to max out on Diablo two weeks ago or you need to spend a hundred thousand dollars nobody's questioning that we know that somebody will spend a hundred thousand dollars to max out on that so it's not a matter of uh you know the four hundred dollars that you have to

invest for the initial nft there are actually I mean I'm I'm talking to some games that we are looking at where the nfts are actually for free and then you're gonna pay to upgrade so that you can do more right this is still Community this is still part of an economic uh financial model that support the game but at the end of the day if the game sucks the game sucks and nobody's gonna play it that's that's a role period game sucks nobody's gonna play the the good thing is that that's why I would like to see many games being released

with very low barrier of entries so that you can test them all but everyone needs to be you know I need to open a wallet I need to I have an nft I need to have all this I need to be educated to all the opportunities that the technology on top of which that game is built that can provide me in the long run we don't use only Gmail to connect to Candy Crush we use it for a bunch of other stuff and we are going to use our wallet that we downloaded because we wanted to play that game also for other stuff that's it

okay um thanks for the comments is there any final comments from Jack me before I wrap up the panel uh right so I add a little bit uh on the nft design around the gaming experience because I've seen one of the questions so what have you been have you seen so far about the hell nft enhancer gaming experience uh yes um so I'm working with a uh so we are actually in-house incubating uh how horse racing game and we are designing uh we're starting with two type of nft it's a very simple nft concept expanded to five to seven type of nft for example

the horse the staple the uh Racecourse the short key and the draw key equipment so and we are we are spending a lot of time to design the economics between the nfts the pieces so for example uh the Racecourse can be 10 and they're they're taking a transaction fee of each race that is happening under on the race course and uh disabled can charge a little bit the food of food money from from the horse owner stuff like that so so we are connecting on an nft uh asset classes uh together with the economics so we are we are

um looking at uh two type of uh two economics between the game uh within the game which is a core game economics uh how does it work to to win to battle the second would be the economics between the end of the assets classes so for some rental income so so we've been um I discovered there's two type of nft uh holders so first is a it's a it's a players or the user second would be the rental income earner and a lot of people would like to buy the planet for example so there's a very popular game like two two months ago the race of 50 million

dollars and yeah the the planet purchase can represent the rental income when when the owner is passive income uh thicker and there's another type which is uh active uh asset user so there are um so they're actually helping each other to form a complete economics around the nft assets Circle so so we're looking at two role uh dual uh uh economics there it's a in-game economics and the nft economics and they have to be working together so that's something I I'm looking at or observing in the market

okay thanks for that uh final comments so I hope everyone enjoyed the panel today uh we're out of time so I'm going to hand it back to Crystal but thank you so much Jack Maurizio and jack for your perspectives and also for reminding us of why it's important uh and what really matters in this entire space so I'm singta I'm from tribe and I hope you enjoyed the panel thank you everyone thank you so much thank you thank you guys thanks so much thank everybody else thank you thank you ciao thank you yes thank you once again and the speakers for a wonderful insights on Trends and guilts and bells and also I

think importantly reminding us uh to look back at giving fundamentals which I too agree is the focus of making games more playable to Ghana passionate and loyal players and as a result of course the in fact the other factors of building a good game can come into the picture so with that I would like to once again thank everyone for taking time out to attend block play X the industry conference for blockchain gaming matter versus nfts we are super stoked and happy to have great support from the community such as speakers from great Brands contributing to super great content and how the curation of the conference has led us to reconnect with all friends and of course make a bunch of new ones of course greatest thanks to all of you especially those who have stayed with us till now and we also like to say thank

you to those who actually attended physically yesterday when organizing blog Play X our team led by Don so I had a clear goal of making block play X and Industry conference where not only enthusiasts can partake but we also want to make this like a community event where everyone could gather talk together about the difficult but important things within the community and hopefully we could actually collaborate work together and Advance the entire web 3 conversation a step forward with the turnout at the physical satellite and the support we have virtually we are happy to say that we we believe we managed to do that we are thrilled to have presented to you guys what we have prepared and we hope that the Avenues created could make your participation a meaningful one and please do free Pro feel free to reach out to any one of us if you have

anything um you are curious about or just want to chat up ultimately our love for this space as we always mentioned is how collaborative and forward-looking all of us here are so all the recordings once again is available for ketchup and we'll be sending the links via email to you guys by next week and please do share it with your friends thank you and thank you once again we look forward for future collaboration opportunities with our fellow block players this is Chris Sultan from prostate agency and we look forward to connect with you after today and good morning and good afternoon and good evening wherever you guys are at catch you soon [Music]