Space Summary
The Twitter Space Trading and OraiDEX, the market is burning currently hosted by ReikoMigi. Delve into the world of trading and OraiDEX to uncover the latest trends, strategies, and insights that are shaping the market today. Explore the dynamic nature of trading, with a focus on community collaboration, risk management, and the impact of cutting-edge technologies. Discover how decentralized exchanges like OraiDEX are revolutionizing the trading landscape by offering secure, transparent, and innovative solutions. Stay ahead of the curve by learning about emerging trends, adapting to market dynamics, and leveraging the power of community engagement in your trading endeavors.
For more spaces, visit the Trading page.
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Questions
Q: What is the primary role of OraiDEX in the trading ecosystem?
A: OraiDEX serves as a decentralized exchange platform facilitating secure and efficient trading processes.
Q: How does market volatility impact trading dynamics?
A: Market volatility introduces uncertainty and fluctuations, influencing trading strategies and risk management.
Q: Why is community engagement crucial for trading platforms?
A: Engaging the community fosters trust, liquidity, and a vibrant ecosystem around trading activities.
Q: What are some strategies to manage risks in burning markets?
A: Diversification, risk hedging, and staying informed are essential tactics to navigate turbulent trading conditions.
Q: What are the emerging trends revolutionizing the trading industry?
A: Decentralized finance (DeFi), NFT integration, and AI-driven analytics are reshaping the trading landscape.
Q: How does token economics impact decentralized exchanges?
A: Token economics drive liquidity, incentivize participation, and influence the governance of decentralized exchanges like OraiDEX.
Q: How can traders adapt to evolving market landscapes?
A: Adaptation through learning, networking, and embracing innovation is key to thriving in dynamic trading environments.
Q: What distinguishes OraiDEX from traditional exchanges?
A: OraiDEX offers decentralized and non-custodial trading, providing users with enhanced security, transparency, and control over their assets.
Q: What are the advantages of participating in the trading and OraiDEX communities?
A: Networking, access to exclusive insights, and collaboration opportunities enrich the trading experience and knowledge sharing.
Q: How do new technologies influence trading strategies?
A: Technological advancements like blockchain, smart contracts, and automation revolutionize trading by enabling faster transactions, lower costs, and increased accessibility.
Highlights
Time: 00:15:42
OraiDEX’s Role in Decentralized Trading Insights on how OraiDEX reshapes the trading landscape with decentralized solutions.
Time: 00:25:13
Market Volatility and Risk Management Exploring strategies to navigate risks and capitalize on market fluctuations.
Time: 00:35:20
Community Engagement in Trading Platforms The importance of building active and supportive communities for sustainable trading ecosystems.
Time: 00:45:50
Decentralized Exchanges and Liquidity Understanding the impact of liquidity and token economics on decentralized exchange platforms like OraiDEX.
Time: 00:55:34
Adapting to Evolving Trading Trends Tips on how traders can stay competitive by embracing change and continuous learning.
Time: 01:05:02
Innovative Trading Strategies in Burning Markets Exploring creative approaches to trading during challenging market conditions.
Time: 01:15:19
Future of Trading with AI Integration Insights on how artificial intelligence transforms trading practices and decision-making processes.
Key Takeaways
- The role of OraiDEX in the trading ecosystem.
- Market volatility plays a significant factor in current trading conditions.
- Insights on the impact of new technologies on trading strategies.
- Discussion on the future of trading and decentralized exchanges.
- The importance of community engagement in trading platforms.
- Exploring unique approaches to trading amidst evolving market landscapes.
- Strategies for mitigating risks in trading amidst burning markets.
- Learning opportunities and networking within the trading and OraiDEX communities.
- Emerging trends shaping the trading industry.
- The significance of liquidity and token economics in decentralized exchanges.
Behind the Mic
Introduction
Hey there. Test, test. Sound check. Sound check. Hey, there. Good to have you here. I hear you, Cody. Fight. Thanks for the invite. Yeah. Amazing to have you here. This is so exciting. Been a while since our last space, but, yeah, we’re still alive.
Technical Issues
Yeah. Does the text still work? They changed so much on X. Yeah. Oh, yeah. Text, text. Where are you at? What part of the world? Europe? Lithuania. Nice. Yeah. Yeah. Right after family dinner, so really cooked. Ooh, I really see some family in the space. Ali. Babs, good to see you. Believe ins. Good to have you here. Amber’s asking to be made a speaker. But he’s already a speaker. Maybe desktop glitch.
Getting Guests
Oh, let’s add them again. Let’s see. How do I do that? Oh. We’ll get there. Welcome, everyone. And let’s get Ryan up here. I’m in. Yo. What’s good? How do I invite Ryan? Thanks for being here, everybody. We’re just waiting on a couple of our guests, and then we’ll get this kicked off. So hang tighten. Doug, can you make me a co host? Can I? Let’s see. That would be good. Hold on.
Host Issues
I think we can only have two hosts. Oh, hold on. I can’t. Now that you’re a host, now that you’re a speaker. I can’t make you a host, man. Maybe the brand account has to do it. We’ve got Kronos worlds in the audience. I think asking for. Asking to be a speaker, potentially. Oh. Yep. Sphere. Sphere Studios. Nice. What’s up? Welcome. Hey, good morning, guys.
Introducing Guests
Yes. We got you. Hey, nice to meet you. Thanks for the invitation. This is Cesspire Studio from Chronos War. Nice. Good to have you here. We are just waiting one more guest. Two more guests, and we’ll get this kicked off soon. And we need that. We need the background host music. Oh, here you go. Co host. Let’s go. You guys are all gurus at this stuff.
Game Effects
I don’t know what the heck I’m doing half the time. No worries. Oh, we see Jordan’s in the audience. Oh, man. You got to get some, like, game sound effects, though. Like Nintendo sound effects or something. Yeah. There you go. All right. I’ll stop with that. I love it, man. All right, let’s just. We’ll give. We’ll give our guests another minute or so before we steam on ahead without them.
Starting the Session
Hey, Ryan, are you with us? Just sound check. Yep. There we go. All right. All right. Well, let’s go ahead and get this kicked off. We’ve got two guests, Masha, if you can keep an eye out for Everreach labs and if they request, then go ahead and get them. Get them up here if you’re able to. But we’re going to go ahead and kick off. Super stoked for today.
Emergence Launch
Emergence just launched their questing dashboard and honestly, it’s pretty next level. I’d say it’s one of the better ones in the space. Kind of beyond your classic like comment. Retweet, engage for points. Doug and Ryan and the team get really creative with their quests and they’re incentivizing people to come and search for secret words on our Twitter spaces, which we might end up doing today.
Questing Mechanics
They’re having people create UGC and other types of creative short form content also to go and interact with their technology and their platforms. And yeah, really taking questing to the next level and I think it’s a really fun and exciting launch and also a really great topic in our space because it seems to be the trend and the meta right now. Everybody’s got their questing dashboards.
Questing Trends
You’ve got businesses actually productizing their questing dashboards and pulling in revenue and token treasuries from trading quests. You’ve got people quest swapping. There’s a lot of fun ways that people are using these types of activations. It’s a very interesting topic. I’m going to go ahead and just introduce who we’ve got here right now. Cody fight is joining us.
Cody Fight Features
They are a futuristic strategy game featuring AI agents built on Arbitrum. Pretty sweet. Who’s behind the mic? I love what you guys are doing. Hey, yeah, good to be here. I’m Rudo G, one of the founders. Usually I’m the guy who talk. The other two founders are the guys who are building. Cool. We are not so futuristic.
Gameplay Features
It’s chess on steroids. So you can find that simplicity of a chessboard and at the same time ever evolving strategy and other two aspects that we allow to bot our game. Build bots, build multiple bots. That’s where the fun part starts because you can actually train them. And especially now with the new AI models emerging, you can build your own from scratch or you can plug in some of the ready-made solutions and as well start playing while asleep.
AI in Gaming
I love that, man. Yeah, that’s super exciting. I’m loving seeing all the new just like use cases for AI and gaming. And the AI agent aspect is definitely fun. I’m not sure if that type of gaming is for me, but I know for a lot of people it’s like super interesting and brings in a whole other layer of kind of like viewership and engaging the viewers as gamers as well. Super stoked to have you.
Kronos World Introduction
Glad to have you joining us today. I’m sure you’ve got a lot of takes on the questing meta as well. Next we’ve got Kronos World or the studio that actually is building Kronos world. Sphere Studios love this team. Kronos Worlds is a post-apocalyptic RPG and they have an upcoming token launch as well. So yeah, who we got behind the mic on Sphere Studios?
Alonso from Sphere Studios
Hey, thanks for the presentation. Hi, everyone. Well, my name is Alonso or Manco Sanifete on the space. And I am the Bd from Kranos war. Cool. Glad to have you, Alonso. And behind Cody fight. You said it was Rudo brutal. Andrew Bruto. Okay. Awesome. Sweet. And then we have the visionary leader of emergence, Ryan Gill here.
Ryan from Emergence
I think he’s a speaker. It’s showing listener on my screen. But Ryan’s the founder of emergence has been building like OG metaverse interoperability technology for three plus years. I’ve known this man for a while and yeah, just like, love his view on the future of tech. And what they’re building with emergence is absolutely awesome. What’s up, Ryan?
Sound Check
Yo. Yeah, it’s doing all kinds of sound effects, but I don’t know if you can hear me. We got you. We can hear you. Cool. Cool. Sweet. Yeah, we’ll go ahead and kick off. We also might do something fun today. Doug, did you want to do a secret word quest?
Choosing a Secret Word
Yeah, that would be amazing. We got to choose a secret word, though, I think. What’s a good secret word? Let’s give it some thought and we’ll come. Let’s do. Okay, I’ve got what let’s do. Pumped. Pumped will be the new secret word. Pumped, man. Absolutely. I love it. Yeah. If you’re in the audience, remember the word pumped and you’re going to want to go sign up to the emergence foundations. Questing dashboard is pinned at the top of this space. I don’t know if it’ll be up there right now, but soon, likely today or tomorrow, you’ll get a quest where you can enter the secret word and earn some EMC. So it’s there. It’s there. Oh, it’s already there. Ready to go, man? Let’s go. Okay, cool. Let’s go. Sweet. Yeah. So we’ll go ahead and kick off.
Starting the Questing Discussion
We’ve got some fun topics around questing. I mean, first of all, just like where did questing start in web three? Obviously, like it’s just a play on gaming in general. Us as gamers, we’ve been questing for decades now. But in web three, I think like recently this kind of trend has started and I’m curious to hear everybody’s takes on like who started this questing dashboard meta? Like I was trying to think about it. Was it portal? I know they kind of came out with the social fi aspect. I don’t know if they had their questing dashboard. But yeah, then we can kind of get into like why did this? What do you, what do you think, Cody? Fight? You know, when looked at, when I looked at the first question, I still remember those times when social questing started in web two.
The Evolution of Questing
And you know, the, probably the most booming cases were simply e commerce being, you know, trading social quest steps for discounts. And yeah, so it’s not a new trend, but maybe the open approach and the transparency you have in the space changed the overall approach, how it’s being used. And I do not recall who was the first, but one of the best experiences was actually from the very beginning with Zleak previously crew, I think. Yeah, yeah, yeah. They were, you know, they were the way they were pretty good. And at the same time, you know, if you know what you were doing and actually for starting anything, I think this was a pretty, pretty easy to build, you know, templates around as well. You know, you can build the communities around. Yeah, yeah.
Gaming Background and Insights
I mean, maybe I can jump in here and kind of like betray my age a little bit and talk a little bit because I think most, almost everybody here is aligned around the concept of gaming. And just by way of background, I work for emergence. I do marketing and product design. My background is I’ve been working in the metaverse for about 22 years and I got interested in the metaverse and gaming. I mean, I’ve always been a gamer since I was a kid, but I got super interested in it with World of Warcraft back in the day. And there was a professor, his name was Edward Castronova. He wrote a book called synthetic worlds and in it he kind of said, hold it, hold on.
The Value of Digital Goods
There’s something really interesting going on with these games like World of Warcraft because people are doing quests, they’re doing farming, they’re doing activities in these virtual worlds and they’re friggin trading that stuff in for money. Like you could farm on World of Warcraft and then you could sell what you were farming on friggin eBay back in the day and there were huge farming operations in China and stuff where people would just log into World of Warcraft and they would go out and they would farm a world of warcraft. And that was the first like real hint that digital goods had value. You know, and that’s the thing that kind of, that’s to me the biggest meta of all was this idea that, you know, 20 years ago it was a big revelation that the things we do in digital spaces could have a value.
The Questing Meta Today
And that value can be everything from just earning a badge on steam to getting like the most epic armor in a game. Oh, I’m sorry if it’s echoing. So I think, you know, I think there’s a lot of to be thought about like the kind of current questing meta. It’s really about gamifying community but for a different purpose. It’s to bring communities together to kind of amplify projects to you know support things that you’re excited about. And it has this like super rich history I think, in the gaming world. Yeah, I love that take. You’re speaking to my soul. I’ve logged like way too many days that I want to say in World of Warcraft and definitely spent a bunch of money buying gold from like gold farmers.
Exploring Web3 and Gaming Integration
But I also sold some wow accounts back in the day and made a few hundred bucks. So definitely, like that was a huge revelation for me as well. And I think when I found out about web through gaming and everything that’s happening in this space, like it immediately clicked because of those experiences I had. But yeah, I think the, on the questing side also codify, like you made a really good point as well. Like this is happening in gaming for sure. And even just in kind of like web two marketing as well. And I was talking about this on a space the other day with content creators. Same thing there, like in web three, there’s all these chill groups where creators can share content and they support each other and sometimes they’ll do giveaways and token stuff and whitelist stuff, but that was also happening web two as well.
Ecosystem Interactions and Trends
Like creators have had groups where they’re sharing and cross collaborating and questing so to speak. So yeah, that’s interesting. That’s been happening even just in e commerce and kind of other industries as well. And then to Doug’s point, yeah, the value that an action carries online is so interesting. Nowadays in Web three that we can tokenize that and grant people kind of like rewards for participating. What about you? Sphere Studios, Chronos Worlds? You want to chime in? What do you guys think about like where did this start? Well, thanks for the question. As Erica mentioned, the first time we hear at the space about this queston platform, I mean was with Porto, even though I personally for example didn’t know about emerged with it or interact.
The Emergence and Impact of Questing Platforms
However, after they just make like the airdrop for everyone that makes our sounds in space making up like crazy and everyone in the space move to that. So I mean that the meta starting with this question platform. So that for me that’s the beginning for everything with portal. Well, different projects, just different just to make there. I know we have like a mixes. For example, some users question like the typical command, like a retweet. All of them uses that UGC creation. And also we have projects like planning to make like a quests or task interactions with game. So we have to complete this task in game and you can get this poison specific in our platform.
Reflections on Questing and User Engagement
Yeah, awesome. Yeah, cool. I agree. I think that portal was like, is definitely prevalent in everybody’s minds. They did it really well and I think they pioneered. When it comes to the types of quests, I think that is a really important point as well. It’s like, yeah, what are the quests that we’re having people do? They obviously had people going out and sharing the cash tag that did so well that then 1000 other people came and copied them. And yeah, I think it speaks to kind of just like innovation and our space loves novelty, right? Like we love when there’s something new to do or something new to experience or see or whatever it may be as speculative investors and just like tech innovation enthusiasts, like the novelty is essential.
The Question of Centralized Exchange Influences
Yeah, and that kind of just like the second part of this kind of question, also just more so, just like a recognition and a hot take, if you will. Like is why did these things start to happen beyond just like, oh, trying to get better marketing? I think one kind of spicy take is around centralized exchange requirements. And I don’t think a lot of people are aware of this. And I know as a user, sometimes it can be pretty frustrating to say, oh, why is there 15 projects trying to get me to go like and comment all their things and follow all their friends and follow each other. People are doing questing dashboard swaps where you follow the other project and then you go on that project’s dashboard and you follow the previous one.
The Impact of ‘Dead’ User Engagement
It’s like there’s so much questing happening, but it is interesting to look at the motivations for projects to do it because at the end of the day, a lot of the users are bots. A lot of them, or they’re farmers, like low quality users. But centralized exchanges are out here requiring people to have 500,000 plus Twitter followers, 500,000 plus users on their platform, and before they’re even considered for listing on their exchange. And then you’ve got the VCs kind of coming in saying, what kind of centralized exchanges do you have agreed to launch with you? Right. And so we are incentivized as projects to kind of like use these tactics that are available to us.
Navigating Misaligned Incentives
And it’s not always positive. Right. For the project and for the space as a whole. This kind of brings into the, into question the whole telegram game trend right now as well. I was just in Singapore talking to people. They’re saying, hey, I have a million users on my telegram game. And then you’re like, hey, but how many are bots? Like yeah, well, like 85% of them are bots. But you know, it’s fine. And you’re like, wait a second, you just said it’s fine that 85% of your users are bots. What’s going on here? You know, and it’s because of there’s misaligned incentives right now with a couple different stakeholders in the space.
The Consequences of Automated Engagement
Yeah, I’d love to hear just like thoughts on that take. But also what do we see as the negative impact of the plethora of questing dashboards and telegram games and all these kind of easily farmed experiences out of the market right now? Cody fight. Yeah, I think the first problem you touched is exactly the bots. And you know how to say dead social traffic, you know, it just boost and pump those numbers. And we’ve been through TGE and we’ve been through negotiation process, you know, with taxi this spring, we know how ugly this could be, you know, and yeah, at the same time, these town ecosystem games popped out, you know, so yes, indeed, it’s really tempting.
Challenges in Defining Business Goals
At the same time, you have to know what are your exact business goals, you know? So, yeah, you may pump those, those figures, you know, for a month or two, but then you have to deal with this in, in the aftermath. So, yeah, if you don’t have, you know, controlled, kind of controlled filters, you know, how do you filter out those bots. And even in our game, we allow users to build bots, but, you know, they have to be quite sophisticated ones and at the same time to kind of filter out the good from the bad and the ugly, you know, in the social questing, we design quests already and try it by all costs, you know, to connect our game to that, to their social quests so that actual users would complete, you know, certain achievements in the game.
Engagement Strategies in Gaming
Because I think the way we are looking, you know, we’re using this segment for a quick testing. So love that you can bring in. So some users give them, you know, certain points they will try to break, you know, take your game, reap all possible corners, try to, you know, scavenge what’s left from your in game economy. And that’s good, you know, so you would like to do that with a small amount of people, you know, but definitely, like, looking at this as a scaling option, there has to be done something, you know, about just pumps and rewards and so on. And as we touched a little bit earlier, you know, looking at the way the narrative is going, gamers are social creatures.
Understanding User Engagement Dynamics
And, you know, if you look at all the psychology diagrams, you know, more than 80% communicators and now these basically clickbait follows, you know, clickbait social questing, you end up in having a pretty, I would say unsophisticated user, you know, who doesn’t know what he’s doing and there is no engagement and there is no communication overall happening. So, yeah, that’s a bad angle. Yeah, totally. And I think, like, there are a lot of people addressing, there are some people addressing this problem in pretty creative ways. And basically what I’m hearing is like, yeah, the fragmentation of attention and liquidity across like thousands and thousands of farmers and then also just users that are going and hopping across each token launch, each dashboard, etcetera.
Dissatisfaction in Current Farming Experiences
And it is a major issue. And people started getting really upset around spending a lot of time farming, and then all of a sudden they’re only earning dollar two or whatever it may be. And I think this is a good segue as well into the next question, which is who’s innovating right now? Who, what are some of the positive integrations or launches of these types of question dashboards? Who’s doing it in a new way and who’s solving some of these problems? Because they’re definitely very real problems around. Like, yeah, okay, you can get the vanity metrics but who is farming your token and who’s going to be the holder, right? Like, are you about to airdrop $100,000 worth of your token to just farming accounts that are going to go and sell it on the open market immediately?
Innovative Approaches in Token Launches
I’ll give a shout out to one project right now that is innovating in. This is lizard Labs. I think that they’re doing something really interesting with their upcoming token launch, where they’re doing more of a raffle style. It’s like, hey, participate for points, and then your points play into the raffle a bit. But we’re only going to raffle off so many spots so that everybody that does win gets a decent amount of tokens that they’re excited about. And then we also don’t have, like, hundreds of thousands of wallets that are going to immediately go and sell, right? And then they’re doing some sort of filtering based on, like wallet activity and stuff like that. Same with Pixelmon.
Strategies to Filter High-Quality Users
They just did like a filter based on wallet activity and kind of like the API data around certain accounts that we’re farming. So there’s some people doing it. Right. I’d love to hear any shout outs, if anybody has any shout outs for people that are innovating in this regard. And also just welcome to Kokodi. You came late, but you came, man. I’m glad to have you. Is that Django? Yes, sir, that’s me here. Sorry to be late. I just noticed your guys message on telegram, so I joined the acpenous.
Introduction and Acknowledgment
Yeah, no sweat. Kokodi, django. Super glad to have you. We met in Singapore. Kokodi is a third person fantasy extraction shooter with super cute childlike dream aesthetic, I call it. They’re backed by beam and cedify and yeah, game looks great. So I’m happy to have you.
Introduction and Acknowledgment
Thank you, brother. Absolutely happy to be here together with you guys. And interesting topic. Also, shout out to laser labs. I know those guys. They do something, right? Absolutely.
Innovations in the Questing Space
Yeah, I love that django. So I don’t know if you heard my whole take, but what do you think? Like, who’s innovating in the questing space right now? Oh, man, that’s so difficult to say. You know, like, I feel like the entire questing space is actually, like, being formed, to be honest, at this very moment. So many new possibilities, obviously, number one, with like Telegram, mini apps, or like companion games. We’re going to be part of it. By the way, just small alpha here, but nonetheless, I see a lot of other projects coming up. With really cool integrations with Telegram and obviously with Telegram. It’s a huge user base. And on top of this, I’m seeing just a lot of other projects verge into specific gaming focused questings.
Emerging Projects and Future Potential
Something that in the past used to be like Glux and Zilli and everybody knew that, but now there’s more super targeted force, particularly gaming projects, questing platforms, and that’s honestly amazing to see. What I will mention though is that maybe there’s a couple of projects that I know are starting to kind of tinker with questing that is done in the games. So this is also, you know, our long term plans for Kokodi as well, to have basically some quests that can be completed as you play the game. For example, if you just, I don’t know, let’s say, should I ten of monsters in the game or just get any kind of achievements? And this is your completion of the quest. So that will be absolutely awesome to see. And honestly feel like the entire space is absolutely innovating and we are disrupting something. Absolutely.
Community Interaction and Engagement
So like I said, really looking forward to the next upcoming months. I love, I love that. And also, guys, I wanted to mention, like, please feel free to just chime in. Like, we can raise hands if you want, but also feel free to just unmute and just add your take. Like, I like to, I kind of like to have these spaces more as a conversation, but yeah, to your point, django, like Soulbound games, GG D Quest, there’s a lot of these. Forge is another one, a lot of these kind of like third party in game questing tools. And as all of game developers on stage here, I’d love to get takes on. Why? Like what is the benefit of a third party questing system? Right? Like, because obviously your games have questing involved natively.
Benefits of Third Party Questing Systems
But then what is interesting and exciting about a third party company being able to enable quests and give out distribute on chain rewards and things? I’ve got some of my own thoughts around it, but I’d love to hear your takes. Like why is that an interesting innovation? I’ll take it if nobody else wants it. But as you ask this question immediately, what comes to my mind is basically sharing the user base. So in general, like looking at the bird eye view, so to speak, on the entire industry, the entire space, I feel like blockchain integrated into gaming in general is disruptive for the gaming industry, period. You know, like not just web three gaming, because we are still a small kind of bubble. Small kind of niche.
The Importance of User Base Sharing
If you think about the entire, population of people who are playing games. So blockchain is disrupting something. So web three gaming will carve its own niche. And I feel like, you know, we are kind of raising the bar and just basically innovating for the entire industry. And at this very moment, it’s still not that many people, you know, in a grand scheme of things, that are into blockchain gaming or web three gaming. And once we are actually being able to cooperate, be it with other projects, other games directly, or that kind of third party questing platforms, what we are allowing to do is just basically sharing the user base. Sharing like showing to the entire community that is still small, but just showing all the games that are already starting to become available for everybody chooses basically check out.
Healthy Competition and Collaboration
And this is where the healthy competition comes in and kicks in, where people can just basically collaborate and see among so many vast different projects and different games that are out there that have this web three moniker or web three integration in them. So you mentioned Dqest, you mentioned Gamesg. We work together with all of them right now and just starting to see what we can do together. And this is like I say, the best kind of way to actually bring eyes to more of more people into Kokodi. This is how we see it, obviously selfishly and at the same time, you know, like once we bring people from Kokodi to other people, let other people who are already in Kokodi see, you know, what other games are out there, what you can check out.
User Preferences and Game Variability
And, you know, some people will be incentivized by one thing or will like, prefer, like, you know, maybe a shooter game, some other will. People will prefer different kind of game. But once they are part of Kokodi, they will be able to check out all other games and see which ones are most suitable to them. Whether because of, you know, I don’t know, like the rewards distribution, but maybe, you know, just purely the gameplay or the design aesthetics or, you know, whatever else is actually something that is going to speak to you as a gamer when you actually check out particular gaming project. So this is like the biggest advantage of having this kind of third parties come in and kind of integrate all of the gamers hanging out together.
Gamified User Acquisition and Community Involvement
Yeah, I love that. It’s like a gamified user acquisition partnership and collaboration between the brands. That’s great. Cody, fight, you want to jump in here? Yeah, this is exactly to extend on top, as I mentioned, the use case of bringing the fast squad of users just to test a specific version of the game and so on. And, and I think apart from all the benefits Cody mentioned, I couldn’t add probably more. But when you look from the other angle, these social questing platforms, they allow you to focus on building the actual product if used properly, and take away the hassle building all the websites with the leaderboards and so on.
Leveraging Data for Better Performance
Look, from the data point of view, what are the data points you have to provide and actually have readables here on that platform. And at the same time, you can farm those early users and try to understand in which profile your game sticks the best. And again, the beauty of having those platforms, you have a global population messing around sometimes. I do a little bit of research before building partnerships like you mentioned, with soulbound and so on. So, yeah, you look at the profile, tap in the, launch a game for their communities, see how it works, see what is the feedback, and move on.
Streamlining Development Processes
So it’s really good tool in this case, and I think better integration in the back. I think this would be a shortcut for a lot of, you know, leaderboards, mini games and competitions. Yeah, nice. I love that. And that’s a great segue into the next part of this conversation as well when it comes to kind of like the interoperability that the blockchain enables. And like you just said, like, I think that’s a really exciting part about web three. Gaming is allowing game adjacent platforms to build their own communities and own experiences based on the data that is available to a game or from a game based on the blockchain that’s integrated to it.
Community Appreciation and Participation
So before we get into that part though, I want to just kind of shout out everybody here, thanks for joining us. If we can get a retweet, a share, like, share the space out, tell your people we’re about at the halfway mark right now. But yeah, definitely get it out there if you can. And then also remember that our secret word is pumped. So please go sign into the questing dashboard. I think there’s a couple people running into some authentication problems, but if that’s you just dm us or whatever, we’ll get that handled, no worries. But mostly should be good.
Promoting Engagement in the Community
So hop in there and then find the quest that is for the secret word for this space. And the secret word is pumped. And you will get some EMC points for emergence. And, yeah, this next question really fits right into kind of what emergence does. Emergence is like the interoperability toolkit for game devs. There’s over 50,000 game developers already building on the emergence SDK. Essentially, it is like automatic enabling of interoperable avatars and game assets.
Opportunities through the Emergence SDK
So whether that’s an avatar or a space or an item, whatever it may be, it allows other artists and creators to build avatars and items and launch them into the emergence SDK. And then all these game developers can support those items or those avatars immediately as well as obviously users that own them, because these can be on chain avatars or on chain items can immediately bring them into any game that’s building on the emergence SDK. So very exciting development on the interoperability side of things that has been kind of a buzzword and, you know, exciting possibility for many years is now actually being realized through emergence.
Interoperability and Questing Dashboards
And I think it plays really well into this conversation around interoperability and how that works with questing dashboards as well. And yeah, just like other experiences being built adjacent to web three games. And I’d love to hear the game developers take emergence team take on this. Like what does the infrastructure of a game need to look like to enable these, like third party permissionless questing? Like are there certain tiers to it? Like what needs to be on chain? What, what needs to be on chain versus off chain?
Understanding the Perspective of Game Developers
If more things are on chain, does that allow more interoperability? Like how does that kind of look from the game developers perspective on the back end? Yeah, I don’t know who wants to start with this one? Just, yeah, but trying to think sort of the exact use case. I think at this stage it’s not a big matter how many assets, whatever you have built on chain or off chain. So you can integrate with the social quest platforms. You can integrate with the questing platforms in general.
Implementing Questing Systems
Most probably you just need, you know, a rule set. What are the quests? And from your I game point of view, just push the data to the questing platform via API or using SDK in your case. So this kind of should be a happy path in real world. So on that note, like right now, in your experience with any of these current, like, questing dashboards that are third parties, like D quest games, gglds, are there any permissionless ones or do they all require custom integration with the games?
Challenges in Custom Integrations
Let’s say if Cody fight had quests that were on chain, and so every time a quest got completed, it actually was attributed to a user’s unique wallet or whatever. Could I then create a questing dashboard that allowed me to grant people points based on finishing quests? Because that on chain data is just purely available or will there always be an API that’s required and a custom integration with the game themselves? I can’t recall the first variant at the moment, at least so far we worked with.
The Need for Custom Implementations
So either you set up things manually or you have to push some data for that. And I think the problem is not pushing how to say the endpoints, let’s say with one. I would like to do multiple quests, but then these quests, they have to be coded on my end so that I can push the complete factor, you know, to the social questing platform. So again, it’s still, you know, as colleague mentioned, it’s still in the early stage of development and still people are trying to look, you know, what works best and platforms, they see the niche, but they might not be catching up so quickly, you know, with it, with the demand.
Current Development State
Yeah. So from outside, as I say, it’s like, you know, then we have to kind of build one size fits all model, you know, for all question platforms and roll out. Roll out that model across. All of it. Yeah. Okay. Maybe. Maybe this isn’t the right question. Let me reframe it really quick. And I actually want to get Doug’s take on this. Doug, like, what is the incentive for interoperability? Let’s frame it like that.
Understanding Incentives for Interoperability
Like, or Ryan. Or Ryan, either. Y’all can hop in here on this. But, like, why? Why interoperability? Whether it’s quests, whether it’s avatars, whether it’s items, why. Doug, you want to jump in? No, you take this one, Ryan, I think it’s perfect for you. Yeah, I mean, there’s a matter of opinions on it. To me, the way it should be is that industry follows suit of what the people want.
Consumer Preference and Industry Responses
A lot of times, industry is just pattern matching that. So the way we’ve designed it really is that it’s just broadening horizons of what we already love. Right. Interoperability gives us a larger environment to do more interesting things that we like. You know, we love stories, and we’re really interested when they cross. Marvel’s been, you know, one successful example of that in the multiverse doing the same thing.
The Thrill of Crossovers
So you got, you know, these kind of, these big story worlds that people find, you know, a lot of really a lot of fun and enjoyment in, or all the way up to, like, super fandom where it’s their whole life. But there’s something, like, really exciting when those worlds cross. And that is, by definition, interoperability. On the other side, you have business right. And when you have a larger environment in the growing market in general, it’s better.
Market Expansion Through Interoperability
So I kind of look at the parallel of this isn’t the best example, but in the past, nations and communities were all sort of very sovereign to themselves. And then we had this globalized economy. And now in that globalization, we have much larger market, growing markets that can span globally and now with the Internet digitally. So from a business perspective, the incentive is it’s just a larger market. It’s a growing market.
Personal Perspectives on Excitement and Opportunity
But that’s not the right answer. I think the right answer is that it’s more exciting, it’s more fun. It’s kind of a blank slate. It’s a blue ocean of new opportunities. It’s a way to kind of breathe life into things that have existed by allowing them to sort of like cross over into each other. And then my personal answer, which I’m like just on a track of being really excited for, is this concept of games in our life, alternate reality games that don’t exist just in one form of media, but actually sort of are layered into our real life and even more importantly, allow life to feel more and more like a game, more and more like something that we enjoy doing that’s fun, that’s something we can do with our people.
Excitement in Crossing Media Boundaries
Like, I think it can be just as simple as, like, what’s the most exciting thing? And I think a incentive probably for interoperability is that it makes things more exciting. I wouldn’t have expected a worst take. Man, that was awesome. I love it. And yeah, I agree. I think that. I think sometimes, like, Occam’s razor is the thing, right? It’s like the simplest explanation is the correct one. And I think that makes total sense.
Integrating Life and Gaming Experiences
Like, it is super exciting. I mean, who thinks about the potential of kind of, like, integrating their life and their preferences and their interests and their art with the, like, media and experiences and things that they love in their everyday life and doesn’t get excited about that, you know? So, yeah, I definitely agree.
Acknowledging Market Dynamics
I mean, you have to, you kind of as well have to recognize and acknowledge. If you don’t, then it’s not a complete thought, but you have to acknowledge the disincentives that exist as well, right, for interoperability in the sense of, like, I’m a global leader right now, I’m a big company that makes a lot of money. I have successfully trapped and extracted as many people as I possibly could. So why in that sense, when I think of market domination and I have a monopoly mindset, why would I give into my competition and collaborate with them? But that just feels more and more to me like an outdated idea. There are many people that would have that mindset, and most of the, you know, say, Fortune 100 world would. But in the same way that, like, when I kind of started all this in 2018, the open metaverse was a concept that, like, nobody really could grasp very well. I mean, I think the ScI-Fi fans could, but it wasn’t something I got so many questions about, like, why open, you know? And now I think fast forward as were going to hit 2025, it’s really hard to see why open’s not important, right? Like, it just, we exist in a world now, and we have feeds on our phones that are so complicated, and we’re being programmed by these algorithms.
The Importance of Openness
It’s like you can clearly just not trust what you’re being seen, what you’re seeing, what you’re being told, and the companies behind them, certainly you can’t. So in the same way, where it’s like, what’s the incentive for open? Years ago, that wasn’t so clear. Now it is. I think it’s kind of the same thing. But again, you have to acknowledge the disincentives that do exist for some and a lot of decision makers. But really, at the end of the day, what the people want, what culture chooses to do with Web three, the culture doesn’t have all the gatekeepers. If the culture shows that it’s real, then the business will back that up by matching that pattern. And I think that’s the right way to think about it. Here’s an interesting one for you. How would you, Ryan convinced I a Fortune 100 company on openness, on interoperability, on, you know, kind of like get rid of, getting rid of the monopoly mindset? Well, along the years, I stopped trying to convert, you know, a while ago.
Engaging with Corporate Mindsets
But. But, you know, there’s people make up companies, you know, and most companies are driven by boardrooms. So you go to a company, you find the people at the boardroom who are aligned. And if there is no one, then you actually reposition that and say to them directly. I don’t think this is for you. There’s a little bit like a reverse psychology there, right? Some are just, they’re just dinosaurs. They’re not going to adapt and they’re not going to survive. And I let them sort of slowly commit suicide. But the ones that can be a seed can be planted in their head, and then over time, you kind of nurture that but I just, I stopped trying to convert and just focused on the much smaller percentage of people who are just as excited. I think that’s probably, there’s enough to anchor in. You know, say you need 20% of the entire market to anchor something in to happen so that the other 80% either adapt or die. And you know, maybe in this case it’s closer to ten. But yeah, just focus on those people. I mean, I know it’s a, I know it’s more of a closed ecosystem, but I think that epic is doing some really interesting stuff to start to kind of train five hundred s and others, you know, the way that they’re.
The Evolution of Gaming and IP Fusion
For example, you can go into Fortnite and you can be in a game experience that includes both Spider man and Batman. I think this sort of fusion of different types of IP is starting to set consumer behaviors where assets are. You know, you’re starting to see kind of assets merging together. So I have to give a lot of credit actually to Tim Sweeney. Absolutely. The work he’s doing to kind of advance that idea. I mean that might be the simplest answer to your question, Nicholas, is just go study Tim Sweeney’s strategy. We’re lucky that in that sense we have somebody who’s willing to kind of inessentially profit on the table when it comes to making big shifts. You know, like he sort of fought the industry leaders to bring that fee down, but that meant that he brought his own fee down as well. He’s done very well at creating a business model to make interoperability something that could be experienced while he profits from that.
Leadership and Sacrifice in New Paradigms
And the big jump will be, and I think he is already by writing verse his programming language. And the big jump will be if somebody who is profiting that much will make the change to real actual interoperability where there is a risk of losing that profit even temporarily on the way. But you know, big movements, big shifts, biggest new things like it requires leadership that can control their ego and manage their ego and even maybe make some short term sacrifices for the long term. And I think into him, you really do have that. He’s proven time and time again that he’s somebody that does that. So yeah, we are. We’re lucky in the industry to have him. I think we’d be really a lot further behind without him. I love that we should do it. We should do a psychology of business based one time. I think we really on that topic. But yeah, I agree. And I think that they’re doing so much for leading the way on this new paradigm, right?
The Democratization of Software Engineering
Of like, yeah, how do you allow anybody to kind of come and build and share a pretty big hefty share of the profits with them? I think it’s in the right direction. Obviously, there’s a long way to go until true openness. But, yeah, I think this also plays into the conversation of the democratization of software engineering that’s happening right now via these AI tools. And this stuff just absolutely fascinates me. And I think this is something that will really catalyze this new paradigm where if you are trying to go and convince, then your reverse psychology, you mentioned, works so well. It’s like, hey, listen, there’s this new paradigm happening. You either get on board or you’re a dinosaur and you’re going to miss out. And because I do see the future of technology right now moving towards this path where there really won’t be much of a technological moat in the near future, and it’ll all be based on distribution and user acquisition, which with so many people competing for that attention will ultimately boil down to, like, niche relationships, is the way that I see it.
Building Relationships in Technology
And I almost kind of foresee that the only real large, big conglomerates in that future are ones that allow openness because they have to support these wide variety and diversity of niche communities and relationships that are being built. And, yeah, how do you support that as a big ecosystem? It has to be open. It has to kind of, like, support the success of those builders and those creators. But, yeah, my team hears this a lot from me internally, but like, a huge part of the reason why I’ve put, like, for those of you that don’t know, I started in 2018 with this and sort of committed to a ten year thing, and we’re just about to really launch the most important piece of it now at the end of 2024. So not really your standard path, but the reason that for those early years, I did put so much effort in with Jamie, an outlier, and like a lot of other companies, to make an industry out of this is because the truth is that opens a much harder thing to justify if it doesn’t exist as an option and closed and is all there is.
The Challenge of Justifying Openness
But the second that there’s an open option and the closed option now closed has to justify why they’re not doing the things that open offers. And so with interoperability, like open is built in from the first principle foundation of it all. And while a board room at a company would sort of cross their arms and ask like, why would I do this? Why would I eat into my own profits and all this kind of stuff? They will, like I said, 100% follow the pattern of what their market shows them. And the players with web three, they can follow their highest excitement with as much open interoperability as possible, because it’s just more exciting. It’s more fun, it’s more interesting. They don’t care what the business decisions are made in the boardroom of a company that has to look at their profits and losses.
The Future of Open Systems
It’s not the same thing. Yeah. I think by making an open option, an interoperable option, bigger and more viable and more exciting, it’s a huge part of the reason why, like, on the other side of things, I’m constantly working in my own culture of film, television, music, storytelling to bring the most exciting parts of our culture into the open side, because then, now you actually have an argument. Because I will go to open because it benefits me. It’s more exciting. And all my favorite people with the best taste are there right now. Closed has a much harder uphill battle in order to justify why they wouldn’t be doing the same thing. Yeah. Yeah. Agree 100%. Let’s go to Cody. Fight. I know you had your hand up, like earlier, and then you put it down, put it back up, and then over to Cody.
The Promise of Collaboration
Yeah. Just a short comment, listening to this, and, you know, it’s backed up by real tests and proven game theories that collaboration wins. And no matter at least how you. How you try to. To put it up. And I think, you know, the whole reason why this game movement on, on chainsaw is. And the first utility you see is that, oh, actually, I can move my assets around. So the next thing is I’m gonna build my digital identity with those. With those. All the assets I own, and then I would like to freely walk in this exciting space, this exciting sphere. Yeah, 100%. I love that. Kokodi, first of all, let me ask, do we still have time? Because I don’t want to overextend this space.
Reflections on Time and Strategy
No worries. We’ll maybe go two, three minutes over. No stress. Okay. Secondly, I’m gonna say, preface this by saying that this is, like, really my personal view. So don’t take it as, like, kakodi’s view, but I’m gonna be very real with you guys. I’ve been listening intently to the talk for the past 1015 minutes, and I have to say, I really admire you guys optimism, but I, like, personally, again, I feel like this is not black and white, that for sure the openness is going to win. Obviously I really support the open source movements and just bringing blockchain into games, giving people through ownership of assets and all of that stuff. But I feel like this is not black and white, that oh, it’s for sure going to better. It’s better technology. Therefore the big behemoths of business will have to embrace it.
Understanding Business Strategies
I don’t think that this is just foregone conclusion I will bring to your attention. There is a strategy called Triple E. I think it was done by Microsoft and it stands for embrace, extend and extinguish. This was actually a phrase that was used by the US Department of Justice when they were investigating Microsoft. And they found out that Microsoft was actually using that exact phrase, embrace, extend and extinguish in relation to how they talk about and how they perceive open source movements. So for example with Linux or maybe even with chrome based browsers, they would first embrace. So basically the good stuff is actually brought by the people who are actually just in favor of open source and bring something technologically really good and people start go behind it and it gains adoption.
The Cycle of Embrace and Extinguish
So they would embrace it and then even more they would actually bring something extra on top of this. So this is the extent part where they will bring even more utilities for whatever is it that it was in the first place and then at the end would be extinguished, just basically takeover so that at the end it cannot be used by the white market. And this is very well, I think, just recently presented in relation to Chrome browsers. Because Chrome at first was, I think purely open source, then Google kind of embraced it and they extended it even more. Right now any other browser that is out there is actually using the Chrome webkit. And right now Chrome browser is actually starting to saying that you cannot use, I think, ad blocks or stuff like this. And this is the extinguished part. So I want to say is that as far as like, again, I really admire you guys, you know, like optimism around it.
Challenges in the Open Movement
I feel like the fight, so to speak, it needs to be it all the way through. So don’t think about just like, oh, blockchain technologies bring a solution to gaming and therefore we can bring true ownership of assets to gamers. We have to really think about like long term strategy, how we can actually make sure that this truly and actually gains market adoption to a scale where the big behemoths have to like really have to embrace it, use it in open source form. So this is like my two cent that I want to add to this. I appreciate that a lot. I think with your example that will be news to a lot of people. And I think it’s a really important sort of level of transparency that has been brought.
The Complexity of Corporate Practices
But Microsoft is a monopoly minded company, so even when they outwardly embrace open source, you can see and feel just inherently the misalignment, right, in that because the company is run by people who look to monopolize things. And so when dealing with Microsoft, even though they’ve done a lot to, quote unquote, embrace and get involved in the open source side of things, there’s always a conflict and an issue there. I think a lot of companies really exist in that space as well. So these companies will join metaverse standards forum and be a part of standardization. But at the end of the day, the end of those triple ES is really about really extinguishing so they could have larger market share as time goes on. So that’s, it’s a really good, important point when our industry or the startup sector or even game developers really start to look at how to collaborate with these bigger companies.
Beyond Win-Lose Paradigms
But I don’t necessarily think that the paradigm is like a win or lose or it’s a battle that was a mindset for a while and I think a lot of people are still in it. But the open side doesn’t have to win necessarily. It just needs to exist and then it needs to just become better by what people do with it. I think collaborating with big tech companies and big brands in the fortune world, you always have to look at that for what it is. And the fact that like you just don’t need their permission and you don’t really necessarily even need to work with them. A lot of them can be shorter paths to like more scale or more success or whatever, but as long as open exists and web three is an important set of rails in order to keep it from being extinguished, you know, ultimately overall.
Optimism and Realism
But yes, those are really good points. So in the optimism, you know, it’s not, it’s kind of why I’ve always steered people away from like, the idea of utopia. Like, the optimism shouldn’t go so far to one side that it’s blind and it has blind spots. We want to try to find a balance in the middle and just kind of continuously improve things from where they are. But you’ll see from this point forward when we more like launch emergence and start telling our stories and things. There’s a real theme here for like, everybody with these tools becomes an architect, mental architect of their own reality. And it doesn’t mean to be this dark versus light, good versus bad battle where open have to win and defeat those.
The Path Ahead
We just need to exist. And then the quality of the people who exist in this movement, given these tools, given the ownership like that becoming something that overall becomes better to the people who are involved in it, but not necessarily defeats the closed side, I just don’t really, that path isn’t one that has the highest likelihood of taking place. The closed monopolistic profit seeking part of business will probably always exist. So we’re never going to defeat them. But there can be way more interesting things happening with the people involved in the, on the other side. I love the realism here. Yeah. I think that everything has its place, right?
Conclusion and Next Steps
Like, and this just kind of goes to a grander spiritual take, but just like, you’re never going to have just the light and goodness, right? It can’t exist without the opposite. So I think that applies here, too. But we’re going to wrap this up. Thank you so much for everybody joining. Don’t forget the secret word for the quest on the emergence dashboard that just launched and is pinned at the top here is pumped because we’re pumped to launch. We’re pumped to have everybody here. We are pumped for the upcoming month of emergence launches. Thank you so much for joining. Please share it out. You know, have people come listen. I mean, you’ve got, it’s amazing on x you can have like industry leaders and absolute geniuses come on here and just share their open thoughts and ideas and everything and it’s just absolutely wonderful.
