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Space Summary
The Twitter space delved into the integration of the Nitro Dome platform within the gaming landscape, highlighting its innovative game points system aimed at increasing user engagement and retention. These game points, acting as a unique in-house currency, can be acquired using fiat or cryptocurrency and are utilized for various purposes like marketing packages and NFT sales. Nitro Dome's standout mission of blending financial literacy with gaming experiences sets it apart in the competitive gaming market. Discussions also revolved around challenges in educating users, monetization strategies through NFTs, and the platform's vision for growth and development.
Questions
Q: What are Nitro Dome game points?
A: In-house currency reflecting platform holdings, not ERC-20 tokens.
Q: How can users purchase game points?
A: With fiat or cryptocurrency using on-ramps.
Q: What can game points be used for?
A: Marketing packages, NFT sales, and premium game features.
Q: What is the mission behind Nitro Dome?
A: To merge financial literacy with engaging gaming experiences.
Q: How does Nitro Dome enhance player retention?
A: Through interactive and engaging platform features.
Q: What are the monetization strategies?
A: Using NFTs, exclusive game content, and game points purchases.
Q: What competitive edge does Nitro Dome have?
A: Integration of financial education within a gaming ecosystem.
Q: What future prospects were discussed?
A: Development plans for new games and educational content.
Q: How does Nitro Dome differ from traditional platforms?
A: Combines gaming with financial education for user engagement.
Q: What challenges are there for onboarding users?
A: Educating users about platform functionalities and game points system.
Highlights
Time: 00:36:01
Discussion on player retention and monetization effects.
Time: 00:36:22
Explanation of Nitro Dome game points as in-house currency.
Time: 00:36:31
Purchasing game point packages with fiat or cryptocurrency.
Time: 00:37:00
Game points for special NFT sales.
Time: 00:37:14
Connection between fiat, crypto part, and platform purchases.
Time: 00:47:21
Summary of platform capabilities.
Time: 00:47:30
Acknowledgment of participant contributions.
Time: 00:47:35
Excitement about platform development.
Time: 00:47:39
Emphasis on financial literacy mission.
Time: 00:48:04
Encouragement for ongoing community engagement.
Key Takeaways
- Nitro Dome uses game points as in-house currency.
- Game points are not ERC-20 tokens but represent platform holdings.
- Users can buy game points with fiat or crypto through on-ramps.
- Points are used for marketing
- NFT sales
- and premium game features.
- The platform focuses on merging financial literacy with gaming experiences.
- Efforts to enhance user engagement and retention through interactive features.
- Exploration of monetization strategies involving NFTs and exclusive game content.
- Mission to make financial literacy accessible in an engaging manner.
- Competitive advantage through integrated financial education.
- Insights on platform functionalities and future growth plans.
Behind the Mic
Super interesting. I can't say how many details I'm pushing online today. Hey nobody's sniping me, right? No comment! I can push it all. But yeah, it's definitely great to see everything coming. So the key aspect for the point mechanic for how it's going to function and where we are really. Very important because as we said, we have the game points with the cash and the credits economy. What are the potential long term effects on player retention and platform monetization? Paul, you want to go for it or. I think you know more about the Nitro Dome game points than I do. Yeah. So the Nitro Dome game points are supposed to be as the in house currency. So it's not an ESC 20 token, it just reflects holdings on the platform. So users will be able to purchase game point packages to say. So with fiat or with crypto we have boost on ramps. And the game points then can be spent within the platforms for like marketing packages, for NFT sales, for buying game packages in particular, we come along with free own games and these games have like kind of premium features. So you can use the game points to buy these premium features for a particular game. We have special and NFT sales that can be purchased with the game points. So the game points are literally kind of bridge between the fiat on crypto part and the purchases you can do on the platform. So the game points, like they're giving you access to all the stuff we're going to sell on the platform and within the games. Yeah, super interesting. So maybe the broad topic I think of the questions will be like OK so if we're going forward like it's not an asset. It's like we see that is this something that can allow for like more mechanics or dynamics in game development? Could it be a competitive aspect for other gaming developers, other game houses, publishers, etcetera coming into the future? That's exactly what we aim for to have those mechanics built. And we take Kind of having this bridge the gap approach that okay, we know that like a lot of users are coming new to the ecosystem to say, okay, they don't have a wallet, they have never purchased an IFT, they did not purchase a cryptocurrency with like the Fiat on ramps with the game point system, they are kind of bridging that gap of purchasing and then spending Paco Claudia. You guys want to add on? Yeah. Sure, absolutely. So I guess I can add a little bit more flavor there on the game point side of things. And I'll probably touch a little bit on that exchequer aspect just briefly. So we all know that when income was really started taking off, we heard a lot about issues and regulations around the round tokens, you know, it's not just security basically regulations. But we also see a lot of confusion in players understanding of, you know, token, how to engage token, how to use it, obviously, you know, the payable mechanic side of things. So again, from what Paula is discussing, the idea here is obviously to use game points for those in house sort of mechanics that allow you to spend messing around, etcetera. So, again, you're not using tokens basically for these individual purchases. Rather, you have an in house source of currency, which is completely decentralized and completely organic in one platform and not differentiated with different games and those different aspects as well. So, again, it's obviously a huge sort of benefit because you'll see a lot of dynamics come out there as well we can discuss in detail later on. Absolutely. Absolutely. And this is a very interesting aspect because I am in general very skeptic about like gain points and other points being non crypto because like for me, for example, the only backup is just let's just try to tokenize everything, but it gives limitations in terms of compliance, in terms of launching in specific States or locations or regions overall. And we've seen that within gaming itself. So I really am looking forward to see this being successful and see like how others can jump up with this aspect because this can really be a revolution, especially in this space. Sure. Absolutely. Claudia. I mean, I'm happy to step through the potential vision and roadmap, Adam for integration of game points into this setting and how that obviously runs our vision overall as well. So I'm happy to to tune in here and give a little bit more flavor on that aspect as well in terms of the game points. So a couple of things. So we've been having a look at different games that have been working within the point space. So we have actually taken some of those elements already in mind. It looks like in terms of the future aspects, basically from our side, so the game points ultimately sort of help different players integrate different packages. So like Adam mentioned, you know, engage with different games, develop different sort of paybook mechanics, we ultimately earned value in within our ecosystem and test it out later on. So what we've done from a tech perspective is we've built out the game points basically mechanics already. We're testing that at the moment with different game developers that want to come in and engage on that aspect. Obviously, we have done a sort of vertical integration in that aspect, not just horizontal. So anyone's open to come in to test our tools to see how they can develop frameworks on top of our game points, develop more SDKs on that aspect. We also enable different APIs for the wider community that wants to sort of come in and build different integrative exchequer aspects and then roll that out later on. So ultimately, what we're trying to do with the game points ideas is say, okay, we're separating that to one side. You're earning your achievements in game. You have your own wallet as part of that module in built within the wider module. So you're dispersing within one individual platform and interface itself. And then we're seeing, okay, the roadmap across a number of games and different platforms as well, seeing how much you're earning within that ecosystem and then allowing for cross sort of payments on that side as well. So the idea is, okay, you know, we can separate that into game points, have a pathway there as well. But again, allow flexibility on development side of side for the different wider community within Lynx as well. And again, we'll start stepping through that. You'll start seeing that over the next couple of months for sure. And again, welcome to try out our tools and give us any feedback on that side as well. Claudia. But a few of my questions, though, just on a more granular level here in your initial answer, Paul and Claudia, and thank you for this clarification. So am I understanding correctly that the game points as a separate currency that enables us to have that flexibility? My question here is that is there a way to easily track sort of the user engagement on the side of things overall? Do we get that sort of BIOS dashboard because obviously we have compliance KPIs, different regulatory processes out externally as well? So I'm guessing the anchor point is making it flexible, making it more gamified, sort of stacked as well. But how does that function, I guess, from my side is a question as a general user perspective. Yeah, the dashboard aspect goes into just like looking into how the users in terms of age, geography, and the engagement aspects work like demographics, et cetera. Absolutely. Sure. Absolutely. I mean, makes a lot of sense. From my, from, sorry, from my perspective, The dashboard, it's definitely granular, and we'll offer you sort of analytics on your broader sort of teams and house games that you're running and obviously users that are engaging overall within the ecosystem. So the way this will basically ultimately work is you'll have a separate individual modern dashboard linked within your individual platform. It doesn't differentiate across different games as well. So you're able to scan and see on different sort of aspects, user engagement within particular games, within a game house, overall the ecosystem and then scan that cross cross-reference that against other individual aspects in ecosystem as well. So we have those interfaces in house already in mind, and we're just connecting those final aspects with our internal teams and developers at the moment. And then again, you know, it will be great to get obviously your wider feedback. It looks like from from that side, things are looking like it's going to be super robust for that use case as well. Super awesome. No, no, thanks. Thanks for having me. Thank you for the response in that sense. And Claudia and team, thank you for kind of stepping through each of those elements. And it looks like we have a couple of aspects to sort of cover it going forward. So yeah, my side, I think this has been great so far and super happy to connect with different developers later on time. Absolutely. Absolutely. Love it. Thanks everyone. Adam, pleasure as always setting this up. Nitro Dome team. It was really great to connect for those that joined our space, always. Thank you. There's so much that we've actually been working on and like I said, we're so super excited about what we're building and what we're trying to make change in terms of the, you know, in terms of what our mission is in terms of financial literacy and making that accessible to so many people in fun, in engaging environments. Yeah. Bring on next week's space. Keep and keep in touch. Any comments? DM's, feel free. Our DM's are open and we'll speak next week. Thank you everyone. Thank you guys. Thank you very much. Thanks man. Thank you so much. Thank you everyone. Take care.
