Sam Steffanina

Avax Summit just ended, quick takeaways:

1. most of the companies I met here already had solid footing, much better than the desperation I felt at Consensus from many of the people I met, especially in gaming.

2. RWAs have such obvious product market fit with event tickets, real estate, loyalty programs, etc. good to see Avax innovating and winning on this front despite it not being in gaming, i think there will be crossover in the future (esports events like what they did with T1 previously)

3. I didn’t see VCs but I also wasn’t looking for them.

4. that said there’s a pretty stark contrast between the companies who i think “are gonna make it” and the projects who aren’t, you know it when you see it.

5. Farcade is getting an amazing response, people love the “tiktok of gaming” angle but the product can be hard to demo, will fix that going forward

6. I’m confident Avax’s investment in these summits will pay off. i’m already convinced i’ll go to the next 10 because these two were so incredible in quality of people and programming. it’s a 20 year strategy.

7. claw machines are the alpha for event entertainment. they consistently have a crazy line at every event I go to.

8. it’s tough to get people excited about games right now. there weren’t many players but that’s to be expected at an event like this.

9. people want to work with people they know and like, for that reason these events have irreplaceable value.

alpha from summit on @MaplestoryU

- web3 Maplestory already surpassed 1.3m in game item sales

- OG maplestory has 5 million players that have played for over a decade consecutively

- for N they only need 1% of the 250m maplestory players to convert for success

- biggest single item sale is $6.2k so far

- the web3 version is similar to World of Warcrafts model of having different verticals (classic, retail, etc)

- Kaito has amplified the importance of mindshare not only on twitter but globally across platforms, expect more

- they may even built a Kaito for streaming if their initial tests go well

- Nexon is pretty open to AI exploration

- looking to collaborate with PFPs and companies like Lebubu

really cool to hear how forward thinking and adaptable they are for such a large company

web3 gaming is inevitable (in castles)

it’s been an hour and avax has already unleashed tradfi politicians

mass adoption incoming

web3 gaming is inevitable (in london)

web3 gaming is inevitable