Explore the current challenges and opportunities in Web3 gaming. Get up to speed on the the failures and pitfalls of previous Web3 games and potential solutions going forward. Learn about bad tokens and good game design. Additionally, understand the role of DAOs and different ways they can be structured.

Joining us are Felix Norden, Co-Founder of Mure, and Francis Brankin, Head of Economy at Shrapnel. Felix is a full-time Web3 entrepreneur, developer, mentor, and advisor, working with anything from simple management advice to software engineering and token economies. Francis is a former aerospace engineer who turned to crypto after getting deeply embedded into the design process around tokenomics.

If you’re embedded in the web3 space or just looking to learn more, this episode is a must-listen!

TAKEAWAYS

Web3 and crypto gaming are in a pivotal moment with increased adoption and regulatory attention.

The failures of previous Web3 games were often due to financial and capitalization challenges, lack of understanding of the problem scope, and inadequate blockchain implementation.

Mure aims to simplify fundraising and financial transactions in Web3 by providing a platform for collaborative investment and transparent execution.

Shrapnel focuses on building a sustainable creator economy and gameplay loop, with separate subsystems that are connected through the use of tokens.

Token design should prioritize the game experience and utility, while considering compliance issues and avoiding the pitfalls of bad token design.

The use of DAOs can help direct the company and involve the community in decision-making, but careful legal structuring is necessary.

DAOs can be structured in various ways, such as having a council composed of token holders or elected representatives.

Aligning incentives and decision-making authority is crucial for the success of a DAO.

Trivial decisions can be made by the company, while larger vision decisions can be made by the community.

Incremental adoption and spoon-feeding complex systems to users can help ensure understanding and alignment with collective goals.

CHAPTERS

00:00 – Cold open and episode review
02:15 – Guest intros: Mure and Shrapnel
08:20 – Current state of web3 gaming
12:43 – Problems in web3 gaming
16:51 – Mure’s approach to web3 problems
20:43 – Shrapnel’s creator economy, gameplay loops
26:01 – Bad token design (and how to fix it)
28:21 – Tokens, compliance issues, and DAOs
35:00 – Purpose and structures of DAOs
40:09 – Closing remarks and sponsor message

Get more from Upptic at www.upptic.com.

Nurturing Communities for Web3 (MetaMods)

Games Growth with UppticBy UppticAug 11, 2022