Why building games on-chain? Use cases for players and businsses

Recorded: April 24, 2023 Duration: 1:48:21
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I love you.
We had thousands of people to play it over the week as well.
And next month, with our other games, Park Bowl,
we're launching a tournament with at least 5,000 people
playing on a single weekend, right?
So these kinds of things, I think, are gaining adoption.
But to answer the question as well, why should it be on-chain?
Actually, besides the financial aspect of it,
we also think there's a lot of tech right now that is viable, right?
For example, there's this one partner that we have for Harvest
called M1 Network.
What they do is they solve the Google's data problem
using decentralized technology, using blockchain, right?
So they actually do, they render games onto the cloud
using crypto mining nodes.
And that essentially solves the problem that Google had,
which was it was too expensive and too hard to do.
But if you do it via a decentralized chain, right,
it's actually cheaper.
And that makes gaming or crypto gaming,
it enables people to play regardless of the hardware that they have
because it's played via cloud, right?
And that increases adoption even more.
And that's just one tech.
So a few points there.
One is really good high-quality games that people can pivot from free-to-play
to playing and maybe earning and maybe trading.
And then the second is there's an infinitesimal, you know,
degree of tech that is available and we are yet to discover.
Who's next?
Who's going to be grabbing the mic?
I'm going to point a person out.
Marcus, do you want to share your perspective on the transfer
from training gaming,
collecting what had happened in the past?
Because you're a professional player.
I wanted to hear from a studio
and as well as a professional gamer.
Yeah, so I think, like, firstly, the future of...
Like, Poirot pretty much covered a lot of us.
The rest of us can just...
We don't have to talk anymore.
I'll see you guys.
But, yeah, I mean...
I mean, like...
Like, I think as a game itself,
I think, firstly, games shouldn't differentiate...
Like, in the future, it's probably...
Games are not going to be differentiated by Web 2 or Web 3
because, like, ultimately,
I think the best games are built with, like,
the Web 2 gameplay loops
as well as, like, Web 3 elements itself
in the sense of, like...
In the sense of, like, using blockchain technology
for NFT and for assets and for items in the game itself.
But, like, how I see in the future of Web 3 is that...
Or Web 3 gaming is that
it will just be, like, a Web 2.5 variant
of, like, the games,
which means that things that need to be off-chain
will be off-chain
and things that we need on-chain will be on-chain.
This will make things more scalable as well.
And this will also, like,
invite the mainstream gamers.
Because, like, if we talk about Web 3 gaming...
Actually, Web 3 gaming,
the amount of people playing it
is not that much.
And a large majority of, like, Web 3 gamers
are also, like, investors to the game itself.
So how we want to draw
Web 2 gamers themselves
is essentially just by bringing in
better games
and, like, bootstrapping better games
and then selling them to...
Or, like, marketing them
or, like, introducing them
to Web 2 gamers themselves.
Because, like, we have about
one, two million gamers
in, like, the blockchain world,
but you have, like, billions
in the Web 2 world itself.
So essentially, like,
if we're able to make
a gameplay loop that's fun enough for them
and also add in the blockchain element
and you don't even have to mention
that, you know, it's a blockchain game,
that's, I think, where we will flourish.
And that's, I think,
where we will start picking up.
And I guess, as a gamer,
myself, I do see,
because I used to be a pro gamer,
I do really feel that,
like, in three to five years' time
down the road,
the next batch of, like,
eSports games will come from
Web 3 gaming itself
because of how fast
and how accelerated
the pace of, like,
building games are
in the Web 3 world
and how much liquidity
you can bootstrap from,
like, fundraising
and, like, selling NFTs
and, like,
and just by people
believing in a project
and buying your tokens
or whatever not.
So that's how I see
our future is going to be
in terms of Web 3 gaming.
What about Jonathan and Elon?
Do you guys have any
comments to make
for the future landscape
of on-chain gaming?
Yeah, sure.
So, first,
you mentioned about
Play to Earn
that you had some
remarks about this
and you were totally right.
what we have seen
in the last six months
is that a lot of games
have moved from
Play to Earn
to Play to Own
a lot of games now,
you don't even know
that they are
blockchain games,
that they look like
normal Web 2 games
and you learn,
step by step
that you can use
these assets
outside of the game
and so on.
So, basically,
at the end,
they let you know,
hey, by the way,
what you have collected
in all the story
and the adventure
and all the hours
you spend in the games,
they are NFTs
and you can do stuff
with that.
we see a lot of friction
that have been removed
from blockchain games
and this is very encouraging.
another of the speakers
also mentioned
about the history
of the blockchain,
of the gaming industry.
We have to remember
that we had
a lot of different phases.
We started with
the premium game
on console
with the pay-to-play.
Then we had
the mobile industry
that came with
the free-to-play model
mobile games started,
a lot of traditional companies
looked at mobile games
it's impossible
to make games
on a mobile phone.
The screen is so small.
The performance
is so limited.
How can we do games
these traditional companies
have completely missed
the revolution
of mobile.
And today,
if you take
the industry
mobile games
is the biggest
share of the revenue
of the gaming industry.
mobile games
today is huge,
but still,
you have a lot of companies
that miss that.
And I think it will be the same
for blockchain games.
I think a lot of game studios
will not realize
that blockchain games
is something
that they have to tap into.
There are many reasons,
of course.
we have to understand
that not every company
can go into blockchain,
but for the ones
that are already trying
today to understand
this technology
having their tool
I think they will have
an advantage.
I think we will have
later more chance
to go deeper
into this,
but basically,
most of the friction
have been removed.
NFT wallets
that have been removed.
a lot of wallets,
you can just create them
with a Twitter account
or a Google account.
The gas fees
has been removed
from many chains,
so you have chains
today that's put
the gas fee
on the game studio side,
not on the player side,
so this is a big friction
that has been removed
and a lot of games
had paywalls before.
You had to purchase
NFT to be able
to play the games,
so a lot of games
have understood
that they have to
remove this,
they have to offer
free trials,
so players can try
the game first
and then if they really
like the game,
they can purchase
the last really big friction
that we have
is regulations.
we don't know
crypto are securities
and this is the reason
why so many
big game companies
are scared
or don't want
to get into
blockchain publicly
at this moment.
A lot of things
are being developed
but this is
all under NDAs,
so a lot of game companies
are exploring blockchain
but nothing can be public
because they're scared
of backlash
from their communities
and also because
they want to know
regulation,
they want clarity
and so what we see
currently happening
for example,
it's very encouraging
like I'm based in Hong Kong
and Hong Kong
is very proactive.
They already,
they want to be
the digital hub
for stable coins
They are really,
really pushing
some example
in terms of
regulation
for blockchain
and cryptocurrencies
and I think
this will be
very helpful
for the blockchain
game industry.
these are a few points.
I think it's
really important
for the next questions.
it's quite,
quite relevant
in the next question
but if you have
anything to share,
feel free to open mic.
I think everyone
actually kind of
touched on to
all the points
I wanted to cover
but I think
one more thing
that I would like
to add is that
I'm not sure
if everyone's aware
Square Enix
actually came
into blockchain
and actually
built a chain
just for gaming
So they are
actively looking
to move on
to their chain.
Their chain
is called Oasis
so I think
what we can expect
in the landscape
since these
larger players
are coming in
and it's apparent
that they are not
just trying to come in
and build a game
and then just trying
to take a cut
of the cake
because I mean
there are a lot
of gaming companies
who are coming in
just to do that
just to build a game
and see okay
where is this going
even for one
of the largest
called NetEasy
they're actually
in there as well
but companies
like Square Enix
is actually
a really bullish
of what people
actually in the
gaming industry
is looking at
the blockchain space
building a chain
is not easy
it's not going
to build over time
at the same time
they are paying
different projects
a good sum
of the money
just to move
those projects
and at the same
building a quality
game is going
to take a huge
bunch of time
it's not going
to be as easy
as just building
some kind of
or whatever
it's going to
take them years
before they could
actually come up
with a good game
but during this time
it's up to us
smaller developers
to kind of
take a cut
in the market
be the first
wouldn't want
to see us fail
because they
would want
what are the
keys to success
how does the
market react
and what do
they have to do
in order to
penetrate the market
it's up to us
to kind of
look into the
and pave the
road for them
and in order
for us to do
these kind of
they would try
to kind of
at the back
or give us
are things
anticipating
can't tell
what's going
five years
sharing some
observation
now in the
I'm not sure
if I actually
answered a
question about
how what do
or what do
can't really
expect anything
at this time
but at least
some factors
should consider
I mean the
fact that you
actually mentioned
big corporates
are spectating
I think that's
very bullish
sign because
when someone
because I'm
from Australia
myself and
bigger company
like Tencent
Game you know
they wanted to
expand the
years bought
into Australian
they actually
marketing agency
we're providing
quite a lot
of services
fundamental
market research
that we're
sending back
to the bigger
corporate that
start this
outside of
they're looking
Australian
thing that
has always
very centre
of different
blockchain
and GameFi
for example
integration
and coming
or perhaps
the on-chain
publishers
someone like
someone like
perspective
gaming studio
perspective
publishers
a publisher
and player
you're always
benefit of
the publishers
dichotomies
but there's
no differentiation
discussion
don't know
what they're
don't know
acquisition
blockchain
marketplace
things like
development
things like
publishers
are actually
publishers
the position
and moving
seamlessly
other than
as opposed
making their
own mistakes
they don't
to develop
for example
replicating
think it's
because we
have decent
like Justin
the co-founder
other funds
investment
but basically
there's a lot
games that
and Binance
games will
be looking
somebody to
journey with
through this
and there's
publishers
they either
share revenue
or there's
joint ventures
or something
beneficial
publishers
and overall
the players
good quality
ultimately
the players
because we
that their
successful
with games
well backed
most importantly
what about
studio point
coming from
perspectives
perspective
repetitive
perspective
half-assed
they would
the publisher
speculators
blockchain
traditional
monitoring
additional
advantages
blockchain
standardized
commission
blockchains
regulation
memberships
segmentation
communities
potentially
collections
validators
participation
they create
definition
Decentraland
Decentraland
Decentraland
publishers
the players
differently
blockchain
blockchain
Grand Theft Auto
blockchain
Unreal Engine 5
talk about
how they're
actually having
but you're
foundational
challenges
consistently
particular
particular
technology
for example
implementing
especially
transforming
transforming
perspective
transforming
goosebumps
generation
Warcraft 3
Warcraft 3
sustainability
successful
themselves
incentives
to continue
themselves
ultimately
responsibilities
themselves
would have
would have
could earn
wanted them
one dollar
one dollar
the passion
for people
and creating
and creating
and ultimately
you can see
a lot more
map editors
coming out
and essentially
this would
communities
ecosystems
which means
that players
like myself
can play a lot
more genres
more games
because of
this effect
totally like
we are also
in order to be
like a game
we are essentially
going to be
for Polygon
APEC games
and we want
towards this
because we
do believe
that if we
support the
stand by the
behind them
for everyone
are changing
only enjoying
the gameplay
changing from
because then
you actually
you actually
get spread
we'll actually
what about
what about
your perspective
lot already
the change
it changes
on ownership
on trading
in the way
collaborative
always have
partnerships
user acquisition
it's a lot
easier for
of merging
communities
because it's
very community
decentralized
lot easier
for example
like discord
because back
but in web 3
you're given
you're given
developers
themselves
because you
and you're
more invested
you're more
motivated to
play and for
the game to be
successful
and so you're
more motivated
things like
you're more
invested in
the success
essentially
because you're
by surrounding
by hearing
your feedback
because of
the purchases
so I think
there's a lot
of similarities
there's a lot
of upgrade
and I think
that's just
excited for
interoperability
excited for
different IPs
co-branding
stuff with
their assets
I'm going to
with other
games here
they're my
friends as
you touched
very interesting
and community
talk about
the co-partnership
and branding
so I think
traditional
very strict
you're not
even going
to collaborate
to actually
your gameplay
and I think
within the
Web3 space
open source
and collaborate
what about
perspective
perspective
to comment
other than
has already
the journey
transformed
I'm talking
for example
talk about
infrastructure
talk about
creating a
pessimistic
traditional
cryptocurrency
everything
exponentially
monetizing
monetization
cryptocurrencies
blockchain
entertainable
fundamentals
technology
mentioning
mentioning
experiences
experience
differently
businesses
replayability
businesses
differently
differently
especially
development
fundamental
technology
generating
differently
for example
perspective
differences
difference
accessible
sustainable
differently
development
experience
tokenizing
blockchain
inflationary
deflationary
with regards
what we're
frictionless
be creating
non-custodial
things like
technology
affirmations
next month
when we're
hosting that
tournament
playing the
and hopefully
several other
more esports
frictionless
what Paula
essentially
of similarities
other than
the blockchain
sustainable
sustaining
essentially
counterpart
touched on
traditional
elaborate too
essentially
traditional
tournament
in Las Vegas
double tax
essentially
financial aid
actually want
they don't feel
that they got
in that sense
and to touch
tournaments
said they're
themselves
the gamers
demotivating
the esports
their hardest
the tournament
spent thousands
to practice
they spent
to practice
and whatever
blockchain
the players
themselves
helps them
the payouts
in blockchain
cannot just
denominated
or whatever
and that's
the beauty
the gamers
in a sense
they can pay
the tokens
of financial
of liquidity
and incentive
for players
participating
what about
I actually
before you
comment on
I actually
checked up
our audiences
one of our
key listeners
and apparently
they provide
by the way
if you guys
give you guys
after Jonathan
has shared
perspective
differently
so I would
like just to
remind everyone
that we are
still at the
very early
blockchain
of players
like daily
active users
blockchain
the biggest
I feel like
of thousand
two hundred
players per
in current
and usually
that wants
because it's
quite a risky
to sustain
you mentioned
remove the
blockchain
will players
still play
an important
question to
because then
you discover
communities
of players
speculators
and usually
they don't
have a lot
been built
on speculators
these players
and on the
other side
and this is
we are trying
a new wave
we see a new
wave of games
and I think
did a great
really attract
core gamers
don't even
the market
they don't
interesting
blockchain
of players
especially
means that
the player
didn't care
the assets
just there
of the game
very important
everything
transactions
complicated
where it's
blockchain
blockchain
that wants
very risky
especially
for successful
games that
consulting
ask people
start with
a blockchain
or something
blockchain
increasing
blockchain
increasing
increasing
blockchain
blockchain
blockchain
maybe your
blockchain
and you're
blockchain
stuff like
cryptocurrencies
they redeem
collection
collectibles
related to
collectibles
first game
to attract
blockchain
the wallets
everything
because it's
so complex
and bigger
recommendations
difficulties
that's actually
really good
looking at
statistics
saying that
whole market
more users
is already
a significant
successful
of elements
for example
the payment
actually bring
cross-border
the infrastructure
a lot more
think that's
really good
perspective
the audiences
either feel
message all
follow their
guest speaker
coming from
from studio
from associations
and I think
great way to
we actually
have a lot
tick listeners
feel free to
and actually
we actually
very great
month we're
going to do
is actually
collectively
like report
speakers here
last comment
or otherwise
conclude this
discussion
around why
games should
be building
for players
and businesses
does anyone
I don't want
because it
yeah maybe
mention that
you're not
are looking
for people
around you
to discuss
the blockchain
game identity
we will be
the biggest
convention
for blockchain
and we will
I'm hosting
Philippines
can follow
is actually
collaboration
so looking
forward for
we're going
collaboration
the gaming
thanks for
The Harvest
or theharvestgame.com
or follow the
posts from this
and Marcus
do you guys
concluding
thanks for
here again
my pleasure
it's going
interesting
with a lot
of different
things packed
same season
we're going
skill mint
don't think
with a lot
and at the
there might
token airdrops
coped with
playing the
game would
criteria of
getting any
but I mean
the quantity
and details
are not out
if you are
interested in
recommend you
download our
game right
our season
within our
season one
is going to
super useful
within our
season two
we're going to
release more
information
actually a
medium article
that I just
which would
sufficient
information
season two
not entirely
everything
going to be
and you'll
be thankful
appreciate it
I've always
been following
because I've
in Thailand
blockchain week
really fantastic
really good
conversation
co-founder
what about
interested
in trading
card games
have a look
essentially
hyper casual
and I guess
part of our
Jonathan said
hyper casual
meaning that
your mobile
of players
base of our
players don't
and I guess
that's the
gaming itself
game should
and essentially
come from a
company primarily
is our first
proof of concept
game to see
technology works
and now that
there's some
success to it
we are going
to try and
onboard more
Chinese and
APEC games
Web3 world
platform itself
so feel free
feel free to
follow Era 7
and you can
stay tuned
the pipeline
is probably
coming out
at the end
a tiny bit
player base
loyal players
been playing
longest time
on all the
games that
can get on
first line
guest speaker
mentioning
it's called
do you want
mic and ask
us anything
absolutely
can you guys
thank you so
your sharing
seeing quite
familiar faces
that's why
joining the
for all of
to the Web3
which is a
long journey
100% agree
still working
Harvard Scan
April have
quite a few
within their
own ecosystem
collaborating
on a thing
Burn2Learn
innovation
so basically
or technically
the GameFi
in exchange
for example
the wireless
and Harvard
I'm trying
all supplied
their prices
appreciated
coming out
appreciate
definitely
value less
participating
the process
go through
more users
commitment
we definitely
conversation
will issue
clearances
certificate
definitely
collaboration
definitely
collaboration
and yourself
we're getting
definitely
appreciated
infrastructure
appreciate