Tyler Jorgensen @NFTy_TylerJorgy
CEO and Founder of NFTy Arcade. I talk about sustainable open loop game economies. Building @OpenColosseum Lehi, UT Joined May 2019-
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Good Afternoon Everyone, Except to those who bought bitcoin last Monday.
🤔 Did you know there is already a successful web3 game out there? Second Life did $75MM in revenue in ‘23 their 20th year 🪙 They have a currency that can be bought and sold, as well as tradable items. The currency is the backbone of the economy 🔥 Web3 games pay attention
Many web3 games conflate value accrual tokens with a currency. Currency should be: ✅ A medium of account ✅ Store of value ✅ Non-volatile By this definitely value accrual tokens (AKA most governance tokens) do not qualify and should not be confused with currencies.
Behold, the @OpenColosseum economy
‼️Games should not use their tokens to fundraise. I can’t imagine putting ADDITIONAL future downward price pressure on a value accrual token ✅ The real winners over time will be games like Bigtime that did not put massive early pressure on their token for project funding.
👎🏻 Most web3 games will fail ❌ Games cannot distribute 90% of the assets held by 10% of the population to the other 90% of players Rentals/reward share are INTEGRAL to a game economy 🤯 Games are still not prioritizing & they fail to acquire and retain players
🏰 This is Sir McGregor Or rather… This was Sir McGregor. This was the concept art! 🚀 Now we are using simple Unity store assets. Knight Fight 2 (the most amazing name ever) features an endless MOBA where you jump in and survive as long as you can! 🎬 The game never ends!
The # of worldwide gamers is approaching 3 BIL. The commercialization of AI will increase leisure time worldwide. New time goes to games The games industry will grow at unprecedented rates as AI technology improves Games need to be more accessible. Rentals are inevitable
Video games NEED in-game item rentals. Imagine if players could get a taste of a max lvl townhall in Clash of Clans? It would skyrocket retention, new player acquisition and spend. Asset owners would get yield on billions of dollars of dormant assets! It’s inevitable.
Building stuff is fun! It’s taken a year of prep and some late nights but we are close to launching the alpha (or pre alpha or whatever) of “Fight Knight 2” Should be interesting haha!
Introducing the first game of the open colosseum universe, called knight fight 2! (Development demo) It will be available on Google Play Store and the App Store! Jump into a match and survive as long as you can by collecting essence to level up and get stronger!
💩In some video games owning horse dung is a symbol of exboritant wealth💩 Ultima Online was an MMORPG released in 1997 to a small group of players. Limited amounts of horse dung were generated as a part of this new world to contribute to the aesthetics of horse stables.…
All multiplayer games should consider enabling in-game item trading for real currency to see up to: ✅ A 2000% increase in quantity if players engaging in in-app purchases ✅ 3x industry standard player lifetime value ✅ 100% increase in revenue generated form in-game item sales
Join @NFTy_TylerJorgy, @kurorosage from @kurorobeast and @InFinity_IMX from @GodsUnchained as we chat about everything web3 gaming! Starting in 15 minutes! Twitch.tv/nftyarcade
Self custodying assets is not something gamers are excited about! Listen to @ZyoriTV from give us his thoughts on it!
Research FTW @TGIFresco and @bulldog1205 agree that they’ve seen a few games make the mistake of not looking at other games of their genre to avoid making similar mistakes!
MONEY💰🤑💸 @bulldog1205 expresses some of the difficulty of marketing a web3 game!
🔥 take from @TGIFresco at @playmetalcore In-game item ownership is not just about keeping items after being banned, it’s about about autonomy over the creative scope of your in-game item!
We are going live in 15 minutes with @TGIFresco and @bulldog1205 to talk about @playmetalcore and all things gaming! Tune in here! m.twitch.tv/nftyarcade
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This is exactly right. AIRDROPS ARE NOT FREE! Someone is paying for them. If it's not the team, then it's probably the token/asset holders. This doesn't mean airdrops are bad. Marketing is important. But you can't just print "free money" and not expect it to come at a cost.
@bulldog1205 This is what happens when you keep setting up unstable economies. If you don’t consider airdropping/rewarding your token a marketing expense that you will eventually have to pay for most likely by buying it back, your holders and ecosystem are screwed.
Life update time! I am making my next move, and joining the @upptic team going forward as a web3 growth specialist I couldn't be more excited to join the Upptic team! I've been working alongside them for the past couple of months, and have loved every minute of it.
@NFTy_TylerJorgy I should figure out if I can still login and if I still own anything. Played a bit sophomore year of college.... 2005
Play to earn is so funny because some of the P2E games are so bad that I’d actually rather have a real job lmao
@FinanceBrosif @YYonton @NFTy_TylerJorgy @Goldmatters_ @splinterlands "We made a bad decision ..." Well, the point is that I don't think that banning bots had a bad impact on the game. I see other reasons for the current problems of Splinterlands and the decline of asset values. But it's alright: different persons, different opinions.
@NFTy_TylerJorgy @Goldmatters_ @splinterlands lol don’t worry. We aren’t talking about bringing back the bots. I was just saying that we have been so hyper focused on the auto battler that we are missing the bigger picture. Splinterlands is so much more than just the auto battler!
@YYonton @NFTy_TylerJorgy @Goldmatters_ @FinanceBrosif @splinterlands "The market doesn't care if you're a buying to bot or buying to play manually." But potential new (and existing old) human players care, when they decide if to join (or stay in) the game or not.
I love you too Tyler! TBH, I don’t really think about or care about bots either way. I know it’s an important issue for a lot of the community, it’s just never something I have focused on. I am way more into the other parts of the game, in fact I haven’t battled since land was…
@Goldmatters_ @FinanceBrosif @splinterlands I love all you guys, but I will die on this hill. Bots are BAD for the economy, nothing to do w/ the battler SPS printing should be reserved for REAL players who want use SPS Bots do not provide REAL demand for SPS. It’s artificial demand that is already crashing the economy
Part of the fun of building in web3 is solving problems from first principles There are no playbooks, no data, no consensus
It was a very well thought out proposal that he must have spent a ton of time on. It was also totally reasonable and was attempting to add value for every playe We need to start treating people better
@Goldmatters_ I skimmed it and it seemed pretty solid. Don’t see really any reason why people would hate on it. Very sensible from a collectible card game ecosystem perspective.
Games started off as Pay-to-Play - you had to go buy the game or put a quarter in the machine Then they moved to Free-to-Play and allowed everyone seamless access and revenue soared It's clear that Paid-to-Play is the next evolution where you'll be rewarded and incentivized by…
Ah good ol’ Sir McGregor. This is how it all started. Can’t wait for the alpha!
@NFTy_TylerJorgy Retention, spend per user, Reward Per User / Spend Per User ratio.
@Goldmatters_ @splinterlands Haha thx GM, sorry for being a little overdramatic. I’m not referring to being done with SL, but comments like those annoy me & make me just not want to engage with community much. I’ve cultivated a cool sub-community on the channel but outside of that everyone seems miserable.
ATTENTION @splinterlands COMMUNITY: This is a huge problem. If @AfterSoundMusic is this close to the edge we have a massive issue. I for one, will not let him be done. Please say something nice to Aftersound. Ill start. Aftersound, I listen to your content literally every…
@ludog317 @bulldog1205 @Goldmatters_ Maybe this is a joke, maybe not. Either way this community has become super toxic, I feel almost done here.
@Goldmatters_ @splinterlands Also, anyone attacking @bulldog1205 is super out of touch. I don’t agree with everything Bulldog says, but you cannot deny how much he’s done for this community both as a team member and as a content creator.
@NFTy_TylerJorgy @thepeoplesguild Markets experience fluctuations, but long-term investors tend to come out ahead. In fact, Bitcoin has proven to be the best-performing asset in history. Investing inherently involves speculation. Unlike investors, gamers have a shorter lifespan in SPL.
@NFTy_TylerJorgy @bulldog1205 @rumaketdotcom @cpolsilver My biggest argument for the last 3 years has been that exchange listing is by far the most important thing in crypto, in fact it's more important then the game itself. Focusing the teams energy on fighting bots for several years has been a massive L
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