EconEnzo.ron

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EconEnzo.ron

EconEnzo.ron

@EconEnzo

Resident Virtual Economist 🗣️ Gaming, Web3, & Economic Commentary "A Jack of All Trades is a master of NONE But that beats a master of ONE"

🗻🗼🍣🍜🍶🏯♨️ Katılım Ekim 2021
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EconEnzo.ron
EconEnzo.ron@EconEnzo·
Been developing & studying Crypto gaming economies for over 3 years now. Lots of narratives come and go and yet the fundamentals are still being developed. Probably the industry lacks a common metric to use. Real economies use GDP. Maybe Crypto Gaming should do the same? But how? GDP or Gross Domestic PRODUCT focuses its calculation on assets. Why? Because people spend their hard earned money to purchase assets to consume or invest. You can't eat fiat. You use it to purchase food to get nutrients for your body. This is called Consumption. You can't start a business with just fiat. You need to purchase equipment to help you be productive and launch you business. This is called Investment. Crypto Gaming right now is mostly focused on the latter-Investments. NFTs are designed to appreciate in value or to be used as a way to interact with an ecosystem. That is an essential, but volatile, part of the economy. What's missing is the Consumption part of the economy, where the stability often comes from as this gives a baseline spending for the ecosystem. But because Crypto Gaming happens in a digital environment, the natural reason to consume is not present (i.e. digital avatars do not get hungry). Devs ideally should be able to design these consumptive sinks in a way that it makes sense for users to spend as part of the gameplay. Law of equivalent exchange. You need to put something in for a chance at getting something more than just entertainment. Some good examples that can be seen at @Ronin_Network: A bit unfair because Ragnarok is already an existing game improved with Web3 systems, but @ROL_Genesis focuses on an asset ecosystem. Lots of consumptive sinks to improve your in-game assets are implemented where those that get lucky are able to acquire rare items that are useful in battle. Those with less fortune but a large wallet can just opt to buy those assets on the secondary market. Another Ronin game is @SabongSaga. Chickens can die in battle, making it an automatic gameplay-related sink that burns NFT supply. Users are then encouraged to spend on items that would prevent such an outcome, but are not forced to do so if they think that Takipsilim won't come for their chicken that day. Spending also comes in the form of small asset purchases crafted by the community that help boost the stat of your chicken in battle. One example over at @AbstractChain would be @YieldGuild's @LOLLandGame. A bit different from the earlier examples, consumption in this game comes in the form of purchasing additional rolls to continue playing the game. LoL Land has free rolls so anyone can get started, but those that want to ape in would need to spend. This model works for their audience as they recently reported $176K daily revenue earlier this month. While there are more Crypto Games out there that also have cool consumptive economic loops (like Cambria and Fishing Frenzy), I chose to highlight these three because of the different ways these projects have designed consumptive spend in their games (and because of their ties to the 🇵🇭). The key to creating an industry standard metric is to first understand each ingredient in the recipe. While most Crypto Gaming users already understand the investment angle of NFTs, the consumptive side is often overlooked. Hopefully one day we look past just token price when we evaluate projects and look at their GDP instead.
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Migs
Migs@mcapawas·
@EconEnzo Hi Enzo, Is the Web3 Asset Associate position full-time and fully remote?
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cagy | youtube/cagyjan
Extremely grateful to 32nd ST Cafe for giving us the opportunity to place our @sillykitties merchandise in their space. We faced many rejections before this, but we kept going. Those moments only strengthened our conviction in what we’re building. Now we’re just getting started, with more locations ready to roll out in the coming weeks. Our first iteration of partnerships focuses on less corporate locations. This allows us to move faster, test how our brand drives sales for partners, and understand how it’s perceived in real world environments. As we build a portfolio of partners, we’ll use these locations to introduce new products, including our plushies currently in production. Then we go for the big leagues. Big corporate stores with massive traffic. Then we help other web3 brands succeed and follow our path.
Silly Kitties@sillykittiesco

32nd ST Cafe x Silly Kitties We’re excited to partner with 32nd ST Cafe! One of the busiest coffee shops in BGC, Philippines. A small but meaningful step in bringing Silly Kitties into high traffic, real world spaces. This drop seamlessly bridges real world experiences with the Silly Kitties ecosystem. Buy 2 coffees → receive a 32nd St x Silly Kitties blind pouch. • Chance to pull 1 of 11 SK keychains • Unlock an exclusive Discord role

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EconEnzo.ron retweetledi
Silly Kitties
Silly Kitties@sillykittiesco·
32nd ST Cafe x Silly Kitties We’re excited to partner with 32nd ST Cafe! One of the busiest coffee shops in BGC, Philippines. A small but meaningful step in bringing Silly Kitties into high traffic, real world spaces. This drop seamlessly bridges real world experiences with the Silly Kitties ecosystem. Buy 2 coffees → receive a 32nd St x Silly Kitties blind pouch. • Chance to pull 1 of 11 SK keychains • Unlock an exclusive Discord role
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cagy | youtube/cagyjan
People don't know this about my co-founder @kitteygg She has more than 10 years of experience working in mobile games and business apps. She has shipped mobile games with more than 10 million downloads and her last job before she started Silly Kitties was head of engineering at a company that currently competes with Uber. Philippines 🇵🇭 has talent!
Kittey 🐱@kitteygg

We’ve crossed 50 million total views on @sillykittiesco Giphy!! Yay!! If we include Tenor, that’s probably around double the views 🤯 We’ll keep working hard. Stay silly 🩷

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IamRONKE
IamRONKE@AxieIam·
@EconEnzo There thousands of TCGs that didn't make it either.
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EconEnzo.ron
EconEnzo.ron@EconEnzo·
The Pokemon TCG market is what the NFT market would have looked liked if it matured enough to have utility outside the hype of owning something expensive. There is still hope for some project to get there.
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EconEnzo.ron
EconEnzo.ron@EconEnzo·
Calculating GDP per Capita of a blockchain game is wild. I'm pretty sure I'm the only one that is doing it.
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EconEnzo.ron
EconEnzo.ron@EconEnzo·
I knew they looked familiar. @sillykittiesco x @PlayChickenSaga Collab season
Silly Kitties@sillykittiesco

Silly Kitties x @PlayChickenSaga SK is now featured via the in game background, stickers, and as rewards on the Chicken Saga Season 3 leaderboard! 1. The stickers are ERC-1155 NFTs, so be sure to collect them, as these stickers will unlock special benefits within the Silly Kitties ecosystem in the future! 🐱 2. The top 5 players will also receive a Silly Kitties PFP NFT when the mint launches. TBA. 1/2) Learn more below

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EconEnzo.ron
EconEnzo.ron@EconEnzo·
Today I met someone who follows my Tiktok and Instagram Pokemon TCG account. Gave him 5 Japanese Perfect Order packs as a thanks. He gave me alpha I didn't know I needed about the local TCG scene. ALPHA. And I thought that only applied to Web3. 🤣
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