Nakamoto Games AMA Summary
Welcome to the Nakamoto Games Live AMA with Synapse Network, we would kindly like to thank the team for attending today and sharing information with our community!
1. Could you please tell us what NakamotoGames is and what are you trying to build?
Nakamoto Games I Chawalit
Nakamoto Games is a play-to-earn gaming platform offering multiple fun and addictive crypto games. The platform will bring massive earning opportunities to both gamers and non-gamers as we expect crypto gaming will continue to grow.
We aim to attract both gamers and game developers. Developers will also have the tools to launch their own gaming creations on the platform. We are building an entire ecosystem for play-to-earn games, not just a single game. It’s super exciting!
Nakamoto Games I Michelle
Compared to others we do offer permission-less access, a broad suite of games, instant rewards, earning opportunities for developers and having a gaming launchpad on a later stage.
Related to all the points I mentioned, we’ll release a proper factsheet tomorrow. Surprises every day!
Yes, we do offer a similar ecosystem for gamers and developers. What’s important is that Nakamoto.Games keeps on releasing in-house games on a frequent basis.
Subscribe to our newsletter to be kept updated: https://nakamotogames.substack.com
Have a read of our medium blog to stay up to date: https://medium.com/@nakamotogames
Join our telegram news channel: https://t.me/NakamotoGamesNews
And last but not least, follow us on Twitter: https://twitter.com/NakamotoGames
2. Tell us about the team working on the project! What are their backgrounds? How many of you are currently engaged in it?
Nakamoto Games I Chawalit
We have a core team of seven which have exemplary experience across the fields of gaming, blockchain development, project management, crypto research, and marketing. The main team leaders hold over a decade of combined experiences working and operating some of the biggest agencies in Thailand.
I’m the CEO and my background is in development. I’ve operated a whitelabel Ethereum development agency which worked with some of the most successful decentralized gaming applications.
Our CMO has worked with one of the most prestigious mobile application companies in Thailand and specializes in the marketing field for both crypto and non-crypto space.
Our COO is a highly-skilled project manager who has deep experience working with large-scale real estate and IT infrastructure. Beyond the C-Level executives, Nakamoto Games has a highly accomplished development team and a lead researcher whose work has been cited in some of the most respected academic journals. Developers are hard-core gamers too so they deeply understand success factors and what’s missing in the market.
So overall we combine power in tech, crypto space, business development and marketing. Anyone can have an idea but bringing it into reality or success is another story. We’re equipped with a very strong team. It’s important to have diverse skill sets that each of us has different strengths to make a good team.
We are also in one space so it’s very convenient for quality control, brainstorming, security. We enjoy working on it besides the appeal of the success.
3. Speaking about your token, what is the purpose of $NAKA tokens? Why do we need them?
Nakamoto Games I Chawalit
NAKA tokens will be the currency that fuels the Nakamoto Games ecosystem. They will be the one commonality across the ecosystem and will be required to access any of the myriad of games within the ecosystem.
NAKA tokens can be converted into the necessary fuel or ammunition for the listed games and players who wish to access these games will provide a sustainable source of demand for the tokens. Moreover, part of the NAKA tokens used in each game will be burned, creating deflationary dynamics and making NAKA tokens a valuable asset within the growing ecosystem. NAKA tokens will also be used for platform governance with token holders being able to vote on key changes and both burning and staking mechanisms. So it’s a crucial part for our stakeholders.
Nakamoto Games I Michelle
The whole eco-system is built around the NAKA token, nothing works without it, like a car without fuel.
Keep in mind that there won’t be another token or another option to access the hosted games. Means the more games the more demand for NAKA.
Plus we are burning NAKA frequently, means the circulating NAKA is decreasing while the demand is increasing. And you guys know what’s next.
4. Do you have an intention to drive this project together with its community? How important is the community for NakamotoGames? What steps will NakamotoGames take to create its own, unique, full-supportive community?
Nakamoto Games I Chawalit
It is very important for us to have a quality, engaging and strong community. As the play-to-earn community grows, Nakamoto Games will also grow. Nakamoto Games members will stay updated with the latest news and we will refine and adjust our platform appropriately.
Part of our key growth factor is the community’s health and size as it will attract game developers to host their games with us. It’s risk-free and zero marketing effort required for them. We already operate several local play-to-earn community groups in popular play-to-earn markets like Southeast Asia. Please spread the love!
Nakamoto Games I Michelle
Our socials are currently exploding.
Correct, we’ll keep that communication going. It’s important to always have everybody updated.
Nakamoto Games I Chawalit
So good to see members from Synapse as we know they are interested in crypto gaming specifically.
5. Who are your competitors and what are your advantages over them?
Nakamoto Games I Chawalit
Right, we do not have direct competitors per se. As it stands, Axie Infinity is the biggest player in the play-to-earn industry. Recent data has shown that the platform has attracted over 1 million daily active users.
However, that’s a single game. Nakamoto Games will provide a broad selection of play-to-earn gaming options to blockchain gamers. Think of it as a play store or marketplace with options for gamers to find the right games for them. With over 2 billion gamers worldwide, we foresee a significant percentage of these transitioning into play-to-earn and we want to be their first platform of choice.
Not to mention that we expect non gamers to enter this space. We hope to widen the audience base for the industry as well.
Nakamoto Games I Michelle
Boom! We’ll revolutionize the scene with our marketplace.
6. What marketing strategies has the team decided to use to spread awareness and promote growth and use of the project?
Nakamoto Games I Chawalit
So we work within our channel and aim to get traction outside of our channel as well. We intend to regularly release articles and blog posts that will keep our community updated regarding the development of the Nakamoto Games platform. Moreover, we also keep our community updated with the latest insights and development in the wider play-to-earn movement.
We have partnered with top-tier influencers that see the same direction on what we will deliver, see the value so they can share our platform with their followers. It’s very important to work with influencers that focus on quality projects. We definitely take time for this process.
Another strategy is to work with local communities. We have Italian Telegram group and we will have several local play-to-earn community groups that will provide information in different regions especially in Southeast Asia. SEA is currently the most viral spot for play-to-earn gaming with huge growth in countries like The Philippines.
Nakamoto Games I Yam
I’d like to mention that we will provide our gamers and community members with tools to market the platform independently in the future. For instance, we will have a feature that allows players to easily share their performance on social media after they finish games so this will gain exposure outside of our channel.
So we have short-term and long term plans and activities lined up!
7. Could you please let us know what are the current NakamotoGames partnerships?
Nakamoto Games I Chawalit
We have already partnered with some of the most respected venture capital companies in the cryptocurrency industry.
These VC companies have committed funding and long-term incubation support to accelerate the growth of Nakamoto Games.
Nakamoto Games I Michelle
Check out our website to see them all.
Nakamoto Games I Chawalit
Each partner brings their own unique expertise and resources to the table and will help us position ourselves as a leader in the growing play-to-earn market.
https://medium.com/@NakamotoGamesTeam
8. Can you please tell a bit more about your development progress?
Nakamoto Games I Chawalit
We completed raising funds and onboarding key strategic partners, and we are moving rapidly towards a launch.
Nakamoto Games I Michelle
Testnet launches this month.
Nakamoto Games I Chawalit
We want to quickly give our stakeholders and community a working prototype that allows gamers to experience the smooth interface and first introductoty of Nakamoto Games.
For tech infrastructure, the Polygon network will underpin the platform. ReactJS will be used to develop the frontend while NodeJS will be used for the backend. Unity will be used for game development and Solidity will be used for smart contracts and blockchain-related development.
We use several tools to monitor development progress and ensure our timeline is on track.
All hands on deck for frontend, backend, smart contract etc.
TOP 3 Questions chosen by NakamotoGames Team:
Question 1.
Very big problem in blockchan game market is a wrong tokenomics. Many projects have big hype for a few weeks or months but in long term they fall and their tokens’ prices drastically decrease. Do your tocenomics is right and why?
Nakamoto Games I Michelle
Our eco-system is built around the NAKA token. You can play games, access the eco-system only with NAKA. A part of each NAKA price pool is being burned. That means with more games you have more demand for NAKA and a decreasing amount of circulating NAKA because of the frequent burns.
That being said, our testnet goes live this month and our mainnet in early November, means people buy tokens to play very soon.
Plus farming and staking for NAKA will be available immediately.
Question 2.
Can you tell us the 1–2 great features that stand out from Nakamoto Games competitors?
Nakamoto Games I Chawalit
I will give you 4!
1. Permissionless access — Anybody with a Web3 wallet can access the Nakamoto Games ecosystem. Regardless of account size and token holdings, there will be gaming options for everybody.
2. Broadest suite of cutting-edge gaming options — Nakamoto Games is bringing never before seen optionality to the play-to-earn gaming market. The ecosystem will offer diverse gaming options and earning opportunities.
3. Lucrative and instant rewards — There will be multiple gaming rooms running simultaneously with rewards being distributed instantly after each game. Everybody who participates in gaming will win a share of the total rewards pool.
4. Earning opportunities for developers — Developers will be incentivized to deploy their owning gaming creations within the ecosystem. Developers will be able to deploy their games to an already established audience of play-to-earn gamers and they will also be able to monetize their games as they see fit.
Question 3.
What are the challenges that Nakamoto Games is going to face in the upcoming days and what are your plans to overcome the challenges? As in the market there is much more competition so do you have long term plans to sustain in the market? How do you look at it?
Nakamoto Games I Chawalit
TBH understanding the market is as important as building a strong project. We’d need to plan the launch for each feature, each milestone strategically for the benefits of our stakeholders. Too soon, then the market isn’t ready for it. Too late, then the market is saturated. We have a growth plan of the platform listed to grow the platform sustainably like releasing new features, partnering with game developers, more functionalities so that will keep existing players interested and bring in new members as well.
About Synapse Network
Synapse Network is developing a cross-chain investment and start-up acceleration ecosystem based on blockchain technology to give everybody an equal chance to contribute to great upcoming projects and to do so early on. We are bridging the gap between the traditional & crypto market. The idea of the Synapse Network technology goes beyond the standard offer of launchpads available on the market, becoming a true technological brand providing tech solutions.
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