🎮 Co-Founder of @planetariumhq
🎮 Studied computer science at Caltech. Started off as an engineer
🎮 Went back to Korea to serve in the military 🪖
🎮 Instead of going to the military, he spent his next 2 years working for several internet companies
@zima_red@AndrewSteinwold@kijunseo@planetariumhq@NineChronicles 🎮 Moved on to work at Dropbox as an engineer
🎮 Left to work on indie games
🎮 Collaborated with artists then realized that they could embark on decentralized gaming 🎨
🎮 Started Planetarium in 2018
🎮 Growing up in Korea made him witness Starcraft, Diablo, Dota, and PC cafes
🎮 Reconnected with his passion in gaming when he looked at programming in a creative way
"So gaming, and even like, modern gaming is very familiar to us from very early age."
🎮 Trying to become a contemporary artist. Was really deep into art 🎨
🎮 After going through a lot of prototypes, they became less like games
🎮 Started collaborating with performance artists in Korea, providing media creations that they need
🎮 Had friends working at Ethereum Foundation
🎮 After starting his company, JC, his co-founder, suggested that they build open source online games
🎮 Started studying the Ethereum whitepaper and the ethos behind decentralization
🎮 Met him around 2009/2010
🎮 Lived together and previously worked on a company together
🎮 After work each day, they would get together and work on their side hustles
🎮 Reconnected with JC when he came back from the US
🎮 Their strength is in engineering
🎮 Built the base technology called Libplanet. Like a Cosmos SDK, but for games so that each game can have its own protocol
🎮 Wanted to show what experiences people could built using Libplanet. Hence, they started Nine Chronicles
🎮 Blockchain core library that can be used to build your own blockchain
🎮 Used C#, which is the language of choice for @unitygames developers. Unity has over 60% market share in game development
🎮 No barriers to entry using Libplanet. It is open source and free
🎮 Closed source games ensure that the companies are rewarded for creating the content
🎮 For them, they want to innovate. Realized that MMORPGs are walled gardens, the relationship between the game and the player is just one-directional
🎮 Open source decentralized RPG
🎮 Game is currently an idle RPG where players farm for ingredients
🎮 Those ingredients can be used in complex crafting decisions to forge NFTs
🎮 Game was launched on Mainnet on October 2020
🎮 Combat is inspired by autobattlers
🎮 Players equip their characters before battles
🎮 Forging an item takes time and resources ranging from minutes to days
🎮 Players have limited energy on a given day, so they have to weigh the decisions that they want to do
🎮 Implemented, but they are still working on it
🎮 A top-tier player is constantly able to create really good gear if they put in the time and resources 🥇
🎮 Currently have a strong gameplay loop, but is also observing what other games are doing 👀
🎮 Players' computers are mining & earning NCG
🎮 Download the application and the app itself can act as a full node
🎮 On an average day, there is 2000-2500 nodes running. Their team only run 4-5 nodes. The project is decentralized
🎮 Currently bounded by what can be calculated on a single machine
🎮 Moving towards a Proof of Stake model which has higher transaction throughput
🎮 To scale into something very large, they would want to have different types of nodes in the network
🎮 Their approach to bots is different 🤖
🎮 Made their game in such a way that the impact of bots on gameplay is minimal
🎮 Everyone gets limited energy per day. Bots can't issue new tx if energy is used up
🎮 Base token of Nine Chronicles
🎮 Used for governance, staking, and payments between players
🎮 Supply is capped at 1 billion
🎮 Players can earn it by mining, inviting friends, and leveling up together
🎮 Thinks that play-to-earn is awesome
🎮 Aligns incentives and make players actually care about the expansion of the game
🎮 Games should not solely rely on play-to-earn mechanisms because when the earning potential fluctuates, players leave the game
🎮 Consists of 2 things:
1️⃣ Self-organization into pocket economies
2️⃣ Interaction between the economies
🎮 More ways to interact with people in the virtual realm than compared to the real world
🎮 For his personal vision, he wants to enable developers and modders to unleash their creativity in a way that they get paid
🎮 For Planetarium, he wants to drive the culture of open source and decentralization into gaming
🎮 Galatea by @emshort. It is a text-based game where you have a conversation with a statue and try to figure out their emotions and understand them
🎮 Love Dota. Not the Dota 2 by Valve, but the evolution of Dota from Warcraft 3
🎮 The discovery model for NFTs
🎮 Even established artists have to hype their works
🎮 Wish that the community would accommodate people who are more intrinsically shy or people who want to just focus on building and not having to advertise as much
🎮 By 2025, there might be a blockchain game with a $50 billion market cap
🎮 People recognizing the value of virtual communities
🎮 Crossover, education, and understanding between contemporary artists and NFT artists 🎨
Today we're going to do a deeper dive into the token allocation and tokenomics of @fantom_oasis, a decentralized project launchpad for the @FantomFDN network. We will explore the staking mechanism and its benefits as well.
🔥🔥 Let's go! 🔥🔥
@fantom_oasis@FantomFDN We've done an article and a tweet thread on Fantom Oasis before, so you can refresh your memory to see what this is all about first. Here:
🔹 FTMO is the token
🔹 Helps connect project creators with investors
🔹 For project creators - help on different aspects from financing to strategic advice
🔹 For investors - bonuses are given to FTMO stakers e.g. increased allocation size of new project tokens
In this episode of Talking Crypto, @gabrielhaines interviewed Andras Kristof, CEO/founder of @ether_cards and @MarkHahnel, Chief Scientist of @genomesio. We'll find out what Ether Cards is about and also learn more about the collaboration with Genomes.io.
🔹 Started with blockchains around 2013 when $ETH did not exist and $BTC was $10
🔹 Build the first $BTC ATM in Asia in 2014
🔹 Built a system where anyone can build and issue their own tokens by forking @Ripple
🔹 But $ETH came out and they switched over there
🔹 Academic background - PhD in stem cell biology and genomics
🔹 Pulled into the tech and data world after that
🔹 Knew Andras when Genomes.io were with @ConsenSys
🔹 Going to collaborate with Ether Cards and use their platform
🔹 Joined the space 4 years ago when she was with @Fidelity
🔹 Had to figure out which use cases to be prioritized
🔹 Fell in love with the ecosystem
🔹 Joined @blockchaincap
🔹 Co-Founded @KomorebiFund, a DAO focused on investing in female & non-binary founders
🔹 Bucket it into 2 categories:
1️⃣ What can people do with NFTs?
2️⃣ DAO landscape
🔹 Unsure whether DAOs will go mainstream
🔹 DAOs are opt-in communities; you get what you put in
🔹 Trend is to have 1000s of small communities
🔹 DAO onboarding is ⬆️ challenging
Beanstalk is a decentralized credit-based stablecoin protocol and we're going to focus exclusively on the dynamic peg mechanism of @BeanstalkFarms.
How does the stablecoin $BEAN maintain its price? To understand that, we have to talk about riding a bicycle 🚲
@BeanstalkFarms When you're riding a bicycle 🚲, you're never really in a balance all the time. You're always making adjustments like tilting the handle and shifting your body weight. An experienced rider will make these adjustments subconsciously and the bicycle appears to be balanced.
@BeanstalkFarms But it is really just these 3 steps repeated continuously:
1⃣ Bicycle tilts to one side
2⃣ Make adjustments to tilt it back
3⃣ Balanced for a short while
🎮 Came into the space in 2014
🎮 Wrote a paper on the use of cryptocurrency and blockchain technology to fix problems in foreign aid 🩹
🎮 Got an award from the Global Development Network - Bill and Melinda Gates Foundation
🎮 President of Blockchain in Gala Games
🩹 Working as an academic consultant
🩹 Saw a call for papers for the Global Development Network
🩹 Before that, had done work in foreign aid at post-earthquake Haiti & Peru
🩹 Used blockchain technology in the essay
🩹 Received a call from them after a few months
⛓️ Blockchain operates as a single unified network, providing the same standard of service
⛓️ Chainlink is a heterogeneous network. Millions of independent Oracle networks can run in parallel, each having their own cryptoeconomic security
@ChainLinkGod@Crypto___Oracle@chainlink ⛓️ Chainlink provides consensus about the subjective external world 🌍
⛓️ Chainlink Oracle networks are highly customizable
1️⃣ Different data types
2️⃣ Some have a couple of sources vs others which have a lot of sources
3️⃣ Some may be paid APIs while others are publicly available