1/ We're introducing a podcast series where we bring on friends to learn about what's happening with Web3. On this episode @Jaydchang tells us his journey cofounding @genopets - a Play-to-Earn NFT MMORPG.
Here's what we learned: 👇
Here's what we learned: 👇
2/ VCs invest in crypto companies using SAFTs (Simple Agreement for Future Tokens).
Similar to the traditional VC model with SAFEs (Equity).
Allows VCs to quickly invest money with the company promising to give them a % of tokens with cap/discount.
medium.com/@genopets/geno…
Similar to the traditional VC model with SAFEs (Equity).
Allows VCs to quickly invest money with the company promising to give them a % of tokens with cap/discount.
medium.com/@genopets/geno…
3/ Having a successful token launch/NFT requires building an engaged and excited community. @genopets built out their Discord to 130k members prior to a token launch and genesis NFT sale. One of the ways they got people excited was their evolution demo: demo.genopets.me
4/ The most important part of Web3 gaming is making sure the game is fun to play. @genopets plans to onboard the next billion into crypto by making the Web3/crypto mechanics of the game in the background.
5/ @genopets chose to build on @solana because the Eth isn't built for gaming. Solana was designed from the ground up to solve high transaction fees/slow transaction volune. Even Web3 Eth gaming companies are building on or building their own Layer 2 protocols.
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