Games on Blockchain — What matters Recap
On October 26th, 2021, at 12:30 pm (UTC), OKC hosted a GameFi talk session: Games on Blockchain — What matters.
At this session, our guests Cyril ( CMO of Blade Warrior), David Kin (CMO of Celestial), and Philip Devine (Owner of CryptoBlades) joined us to discuss the future of OKC development with each other and the OKC team.
The following is a recap of the talk session.
Host: Hey, guys. Welcome to OKC’s very first talk session, and I’m today’s host, Skyler. And our guests from two fabulous projects are joining us today. They are the owner of Crypto Blades. Phillip Devine and CMO of Celestial, David Kin.
Hey, guys, thank you so much for joining today’s talk session.
David Kin: Hello, guys, I’m David Kin.
Philip Devine: Yeah, it’s really great to be here. Thanks, everybody.
Host: So first of all, why don’t you guys start with the introduction of yourself and your projects to our listeners? Let’s start with Philip.
Philip Devine: Sure. So CryptoBlades is an NFT crafting role-playing game on multiple chains, but specifically OKC. And we launched an at the end of May of this year.
About myself: I started riveted games as are game development company back in 2014. We’ve been developing games on multiple different kinds of platforms, such as Steam, given to all different kinds of gaming exhibitions and award shows and things like that.
And we decided this year that we were really going to go all-in on blockchain gaming and specifically play-to-earn and really try to drive some innovations in this industry. And so, you know, we’ve had a lot of success already with CryptoBlades and really been learning a lot. And with our upcoming project CryptoBlades Kingdoms, we’re basically kind of taking a lot of what we’ve learned and are working out how to push that into, you know, a Triple-A style game that would be more appealing to kind of a broader worldwide gaming audience. So that’s kind of a little bit of what we’re doing. We’re kind of in both seats there, as far as you know, in GameFi as well as, you know, bridging the gap between traditional gaming and blockchain gaming.
David Kin: Hi, guys, my name is David Kin, and I was graduated from UCLA and I’ve been working in the blockchain field for four and five years.
And about Celestial: Celestial is a multi-chain star war game. It’s based on metaverse. It’s a combination of GameFi, SocialFi and NFT swap. In celestial players can jong aliens and developed cities and develop planets, and they could also build up their own warship and build up their own role in this game, and the role system will come out within a few weeks. We already had the trailer about that on Twitter and players were also able to mine resources and explore new galaxies. And the ultimate goal for our game is that we could reach the war between galaxies and between multichain. We have launched for almost two months. And our player reached more than 100 cases and our lockdown token reached 22 million. Yeah. That’s it. Thank you.
Host: All right, thank you, guys. So the listeners probably don’t know that, but both of the projects already launched on OKC. So my first question to you guys is what makes you choose to deploy the game on our chain.
Philip Devine: Sure. So for us, it’s multiple different factors.
So the first one honestly was speaking with the OKC team and really just hearing about the level of detail that you put into supporting projects on your chain that you’re more than just a theory and virtual machine out in the space. You guys are really pushing hard to support GameFi projects and continue to assist with innovations. And you guys have been really great about just bringing exposure to our project on your chain.
On top of that, the structure of the chain is kind of a tried and true method as far as the validators and how the chain specifically is decentralized and set up. And so that gives us the peace of mind that everything is decentralized enough to be safe for our users to be interacting with.
And then finally, I would say the transaction per second and the lower gas costs have been really exceptional for our users to be able to consistently be earning while they play on your chain. And so kind of a mix of all of those factors have really helped us feel at home at OKC. And we’re really excited to continue to just build up our presence here.
David Kin: Our opinions are very similar to CryptoBlades, and I would like to mention that first of all, we have reached long-term cooperation with OKC and OKEx Blockdream Ventures is one of our investors. And also does the CryptoBlades was mentioned the low cost of the gas fee, which is really one of the good advantages for the development of the GameFi project.
Host: Yeah. Got it. Thank you so, so much. It’s such an honor to have you guys deployed on our chain because we’re already seeing a lot of new users and TVL distributed by all your projects, and we believe that all three of you will bring like more potential to our ecosystem in the future. So I’m really looking forward to it. So the next question is that. We all know there are so many GameFi projects flowing around at this moment. So what makes your game so special and stand out from the crowd?
You can basically talk about your projects, tokenomics, your advantages and how to play-to-earn logic works in your game. Let the audience know why they should play your game.
Philip Devine: Sure. So we have two products now, which are CryptoBlades and CryptoBlades Kingdoms, which is in development. With CryptoBlades, I think the first thing that players will notice when they jump into our community is really how much we care about educating new users, not only about CryptoBlades but just about DeFi in general, about Web 3.0, about NFTs. I mean, I think our community, in particular, is comprised of really some of the most educated people in these areas, simply because we are doing so much and putting so much effort into trying new things. And that means messing up sometimes, too. But we’re very open and transparent about it, and we listen to community feedback and implement everything that we can as fast as we can. A couple of examples of that are our fully open source project, where we have over 50 different open source contributors at GitHub.com/CryptoBlades. Or anybody can go in and take a look at the source code and see how we do what we do.
And of course, having security audits is incredibly important, too. And so we’re consistently working on monitoring for any kind of strange activity and taking action there to protect the value of our players, tokens and NFTs.
And finally, even just for holders of the token, more and more features bring in additional play-to-earn rewards, which bring in additional revenue for the project, which we actually use for buybacks and the token. So instead of using kind of a more traditional inflationary or burn based model, we just buy the tokens back on the market, and then that gives additional rewards to players that way on top of us taking the tokens that we’ve bought back and putting them into a rewards pool which then gets distributed. So creating sustainable play-to-earn economies is a really challenging place, really for any project in this space. And we’re working on multiple different fronts to be able to make that sustainable for our players, which that in turn makes their NFTs, that they’ve created all the more valuable.
And last is the NFTs themselves. So our NFTs have a lot of extra utility added to them and it’s kind of constantly evolving, too. So for example, when you play the game with your characters, that character is going to be leveling up. That character has different kinds of traits that can interact or NFT, which can interact with the monsters that you’re fighting and that kind of thing. And then there’s a variety of different things to do in the game, typical like PPE raids that are upcoming PvP module and even just participating in the economy through, you know, buying and selling NFT is through our own NFT marketplace, so there’s quite a lot to do in crypto Blade’s itself.
David Kin: So compared to other games we are a full-on-chain game, all steps and interactions done by players would be uploaded to the blockchain. In the Celestial, there are more than 25 smart contracts were deployed into our system, which means that our project is totally transparent and decentralized.
And secondly, we have a great economic model system that players can lock down their tokens to gain acceleration tokens, which will speed up their rewards. And for now, as I mentioned before, there were 22 million counts, which is the token that made the health economy circulating our project and within our game did NFT swap market. And every transaction made, there was five percent of the cow to be burnt, which also is a good economic model. And, Celestial, is more than a game, it also has a GameFi element in the finance center where players could stake a single token to earn more than one token. Yeah, that’s it. Thank you.
Host: All right, we’ve talked about your projects individually, so my next question is on an industry level, so we all witnessed the rise of the GameFi. So basically, NFTs and GameFi are the two biggest things in the crypto world at this moment. But considering NFT and GameFi is a pretty niche area. So my question is, why do you think that these two things blowing up in front of everybody and why now? What makes it so popular right now?
David Kin: So first that NFT allows everyone to express their own thoughts and everyone could. And every piece that’s done by the players is unique, no one can steal from you and you don’t have to worry about the property rights. And about the GameFi, I think all the people on Earth like to play games, like entertainment, right? And the GameFi project will not only provide entertainment but also allow you to earn while playing games, which it is no doubt that will become the chain.
Philip Devine: I think one of the things to keep in mind just kind of my opinion for the listeners is that when it comes to NFTs one of the most important facets of this is that NFTs are a standard, for example, you know, there are web standards and HTML which helps, you know all different kinds of web browsers to be able to utilize all different kinds of websites that we use every day. And that’s something that I think we’re going to be seeing a lot more of, and I hope to see a lot more of even in projects like Celestial, where they have a metaverse aspect. The idea, I think, is that you can have a single NFT with nearly unlimited utility as long as you are a project owner. Pushing to have your NFT is incorporated into different kinds of products, and that could be anything from metaverse projects. But it could be just any other kind of Web 3.0 project too, we use the term metaverse maybe a little bit loosely right now, but by definition, a very loose term.
But I think the idea and what people should really be when purchasing NFTs or participating in GameFi, really looking at “What else can I integrate my NFT with? And what other kinds of utility can I gain?” You know, one example is with CryptoBlades Kingdoms. We are hoping to land sale today on our website and with our land players can participate in the CryptoBlades Kingdoms game and earn all different kinds of rewards and participate in just a really fun, innovative kind of game there.
But on top of that, and outside of what we’re doing, we’re also working with projects who take NFTs and assign those kinds of 3D plots of land. And this is what any kind of NFT is. So even a CryptoBlades Kingdoms land NFT could be brought into this metaverse project, and you could build all kinds of different 3D models and other people.
Maybe your friends can come in and join and start building stuff with you, and all of that would still be tied to your NFT, but it’ll be within that protocol. And in the same way that all of the actions that you take on your NFT in CryptoBlades Kingdoms will be kind of assigned and live within our protocol. And the more of these different metaverses and protocols that you can integrate with and not even just chains, but because chains are kind of almost in a sense, kind of a clone, but being able to offer it to different communities. For example, the OKC community, that’s a very different community than, for example, the Avalanche community or Polygon. And there are different needs and there are different trends and things like that. But within even separate protocols, if we were to work with Celestial and say “Hey, how about what if our land NFTs would give us a ship and celestial? And what if we could take one of your ships and we can make them actually incorporate it into a land and CryptoBlades Kingdoms? And I think that’s where people should be thinking is when I’m making even an NFT purchase. What is this project, what they’re doing to really push that to add value for my NFT? So I think that’s the biggest one, and I’m most excited to be partnering with a multitude of different GameFi projects because this is an industry where it’s not so much competition, but even a collaboration between projects where the more we all work together, the better all of our projects get.
Cyril: Hello, I’m the CMO for Blade Warrior, Cyril. And regarding the question that the host just had I think it’s because for the very first time for users actually could make money off whatever assets that they actually own. And they could actually own their assets that whatever they’ve gained from the game.
And secondly, they could actually make off more revenue and more profit coming from the assets that they own. Either they do trading or they put into DeFi. So I think it kind of revolutionized using that blockchain as a technical tool, and it’s a smart contract to source for the first time in human history that kind of revolutionized the relationship between players and the game developers. So that’s how I see Gamefi became so hot.
And then for NFT, just corresponding to what one of the other two speakers just mentioned. I do see that metaverse is sort of still up in the air because we don’t know how we could relate to the metaverse. But I think NFT is actually the path through to metaverse. And I think GameFi is a very good application of metaverse. So I just think the whole metaverse thing is also brought about by NFT and NFT making metaverse even more relevant to our human life. So that’s why I see the trends that NFT is leading towards. It’s very exciting. It’s not just the things that we see right now. It’s not just really purely the assets that we’re getting from games, but it’s also the passway that we could get into a much more exciting world, which is the metaverse world. Yeah, that’s what and that’s part of our Blade Warrior in our future vision as well.
Host: So and so we’ve gone through the trend of DeFi, NFT and GamiFi. So my next question is what do you think is the next big thing that will change or boost the whole crypto world?
David Kin: Well, I think that it’s going to be Web 3.0. As you can see that Binance and Coinbase, they’re also preparing for Web 3.0.
Philip Devine: I think a couple of other areas that are really seeing a lot of innovation are with wallets and DApp browsers because I think how users interact with the blockchain needs to be as simple as possible. We have quite a lot of users who have actually never used crypto at all in the past, but we’re interested in learning about NFTs. We’re interested in learning about GameFi, etc.
And so we’ve learned a lot about what some of the struggles are for new users to enter into the crypto world. Specifically, what is a swap? How do I obtain your tokens? Why do I have to go to another kind of area? And so I think this for lack of better term interoperability, keeping everything under the kind of one hood.
And for the end-user that I think in an ideal world, if we can get to a place where a user can play, for example, CryptoBlades without even necessarily having to understand or know the behind-the-scenes aspects of how the tokens are getting transferred from one place to another. Or like how when you use online banking, you just log in and you don’t have to know all of the details about or how they make sure that your funds make it from one place to another. There’s a certain level of trust that happens there, which is one of the main benefits of a blockchain, which is that trust doesn’t have to just be blind, it can be verified, audited, etc.
And so I think everything, anything that we can do for end-users to make it more seamless for them to get started into these projects and participate in really any kind of DeFi protocol or GameFi game is really essential to making sure that blockchain is as widespread as the internet. That’s kind of what my hope is to really help achieve kind of this ubiquitous presence of blockchain everywhere around the world.
Cyril: According to what CryptoBlades just mentioned, we can see this question from two sides. One is the supply side, which is more like the product offering side, the other is for the demand side.
So from the perspective of the supply side. This year we are looking at the market. There are lots of interesting projects coming up, such as Mask or Dataverse, they are like plug-ins for people from social media is to look at the open sea more easily, more smoothly to get to those NFT marketplaces. We have a more user-friendly interface and the projects coming up and the market.
Meanwhile, on the demand side, I do see that lots of users are coming into this space because of NFT GameFi. These are more traditional, where to draw lots of crowd in the traditional space, such as artwork, auction, such as games. I mean, in the traditional space people are aware of those. But because this year, NFT and those new concepts, it kind of just brought the crypto thing, our blockchain thing to the mass majority of people. So, whether it’s the big corporates or the individual users start to be aware of, this industry actually exists and it’s booming. It’s growing. It’s both sides. It’s the demand side and supply side are going hand in hand this year where we see this huge trend, and we think that’s why Blade Warrior was born because we were hoping to catch that wave. That historical moment where the demand-supply in all the other majority mass people are starting to aware of crypto and games.
In our game, we’re really incorporating lots of elements for users to play those games seamlessly when they’re playing the traditional games by integrating with wallets, by integrating with more user-friendly functions for them to have this more seamless experience.
Host: Let’s focus back on your own projects. And my last question is what’s the most ambitious goal of your project? What’s your vision that your team and your project are trying to achieve within the cryptocurrency market or the GameFi market?
David Kin: The ultimate goal for Celestial is that we want to successfully deploy on different channels such as BSC, Ethereum, etc., and enable real-time interaction of data on our chains and players on chains can interact and then come and have a competition in real-time. And in the end, we could reach a war between galaxies, which are OKC, BSC, Solana and Etherium chains.
Philip Devine: The idea for us really is that from a gamer’s perspective, anybody who wants to participate and the GameFi ecosystem at all would hopefully not have to know, even necessarily the details about chains, about the crypto, about where to go to buy the tokens. Ideally, there would be direct integrations with exchanges to make this process of onboarding incredibly easy and that the tokens that they earn from within the game would be just like any in-game currency that they earn from other games that they’re playing. The only difference is it might be just one click away in order to take that those tokens and convert them to something in their bank account. That would be the best-case scenario and what our ultimate vision is. And I think it would be the primary way that we’re going to really be able to onboard the worldwide market of gamers.
Cyril: For the near-term Blade Warrior doing a cross-chain, gaming platform. Our team are mainly composed of two areas of experts. One is the DeFi team and the other is the gaming team. So we are actually hoping that by integrating or cross-chaining to other platforms, we will be able to invite DeFi projects to our platform where we could make more customized or GamiFied DEX across utilizing all the resources that we have. For example, we could make more customized maps with some of the public chains and also we could make some customized figures for some of the DeFi projects that we invite them into our ecosystem. So in the long term, we hope to present OKC to cross-chain to other ecosystems to bring things more interesting, diversified ecosystem to our chain. That’s how our near short-term goal. Our team, besides the crypto space, also came from some of the traditional industry backgrounds. So we’re not just purely crypto people. So we also try to utilize some of the experience that we’ve gained in the traditional gaming space to this new space, which is that we have lots of connections in the traditional gaming space. So we’re hoping that by utilizing this one single game that we’re trying to make it really a hot game by attracting other users, we could potentially build up like steam on the blockchain. So because we have lots of users, then we could provide more traffic to other game platforms to our ecosystem and then potentially GAMEFI DEX as well, potentially NFT marketplace. So we’re going to have a few in the multiple games that we provide as well as our ecosystem partners provide. That’s where all the user scenarios side and traffic side. Also, we are hoping to provide the infrastructure or some of the gaming tools and eventually move to the metaverse space with OKC.
Host: Thank you for joining today’s talk session, we’ve learned a lot about all three of your projects and we also discussed some very interesting topics about NFT and GameFi. Thank you to all the listeners. We’ll have more projects joining us in the future.
Thank you, Philip. Thank you, David. Thank you, Cyril. Thanks, everybody.