佳伦实验室GallonLabs

During the Hong Kong Blockchain Week, I participated in the Web3 Gaming Summer event hosted by the DAO organization @GMA_DAO, which has been long focused on web3 games. I moderated a significant roundtable forum, and it was very rewarding. Many people attended, exceeding expectations, and there is a lot of interest in web3 games. Although we are currently at a low point, we hope that web3 games will be an important application for mass adoption in the web3 field in the long term.

Guest：
​KK @longwinsk​: Hash Global Founder
@shanshan521: Waterdrip Capital CEO
​@VincentSkywalke​: Initiate Capital Founder
@pcfli: GMA Founder

1. There is a growing saying that the web3 gaming sector is gone. The performance of several games, which were previously highly anticipated, has been disappointing after their token launches. What do you think?

@VincentSkywalke​: It seems that the current public chains or layer 2 solutions have gone in the wrong direction. They haven't found the best game developers, or many public chain teams have also become complacent. A significant reason why existing web3 games are not monetizing well is that the games themselves are not fun enough, and promotion is only about web3 users cutting into each other's shares. The best game developers are in mainland China. We need to find them, invest in them, and create opportunities for games to generate positive revenue. I urge Chinese web3 game developers to unite and create a public chain together.

@longwinsk: We are optimistic about the development of the web3 application layer in the long term. We believe that the web3 field is still in the 1999 era of the internet and is very early, with a small user base. It is normal for web3 games to struggle with monetization right now. As regulations become clearer in various countries and the user base grows larger, more game developers and players will recognize the advantages of web3 and come in to develop games. If web3 only consists of Bitcoin and DeFi, it should be called crypto finance; public chains like Ethereum are the future of web3.

@pcfli: GMA has been deeply involved in the web3 gaming field. Currently, the overall situation is not very good. I prefer to think it is still due to a small user base, combined with market factors. Only with more traditional web2 players entering can there be a possibility for mass adoption in the web3 field. We also need public chains, payment systems, and other infrastructure to be more complete for the application layer to potentially explode.

Praise the upgrade of Binance Square, which finally combines the characteristics of the Binance exchange itself. Otherwise, the previous Binance Square was always seen as a substitute for x. With some associations with assets, a different content platform can be created.

Check allocation at: https://checker.berachain.com

15.75% of the total airdrop, a total of 500 million

Testnet users (Artio and bArtio): refers to users who have used the Artio or bArtio testnet. 8,250,000 (1.65%)
Application program users: refers to users who have successfully applied for the "Application Program" or "Community Program". 11,730,000 (2.35%)
Boyco contributors: refers to users who deposit funds for the Boyco startup project directly or through the pre-deposit vault. The reward is based on the total locked value (TVL) of the contribution and the selected market. 10,000,000 (2%)
Social airdrop participants: refers to users who post constructive comments about Berachain on the X platform, or participate in discussions in the Discord channel of Berachain or Bong Bears NFT. 1,250,000 (0.25%)
Ecosystem NFT holders: holders of a certain number of NFTs within the broader Berachain ecosystem. 1,250,000 (0.25%)
Binance holder airdrops: retroactive rewards to BNB holders within Binance. 10,000,000 (2%)
Strategic partners: core partners that support Berachain's underlying infrastructure. 2,000,000 (0.4%)
Bong Bears NFTs and derivatives: users who hold Bong Bears NFTs or subsequent derivative series (Bond, Boo, Baby, Band, Bit Bears) and cross-chain their NFTs to Berachain. 34,500,000 (6.9%)

I feel that everyone is a bit hateful to everyone, because blast and blur have the same founder, so blur is also criticized. In fact, regardless of the founder's character, blur is a very successful project. The innovative bid model solves the liquidity problem of NFT to a certain extent. The airdrop model of opening treasure chests with points is also a good token incentive mechanism. The total amount of blur is 3 billion, and the current circulation is 63%, and the total fdv is only 600 million US dollars.

The whole crypto market is not good, especially the NFT field has reached a freezing point. However, the NFT field will not disappear, and there will still be people who continue to innovate. Once a new model appears, the whole field will rise again.

Blur, as the first platform for NFT transactions, still has opportunities in the long run, especially the trading platform has a strong network effect. Once users are used to it, liquidity is increasingly concentrated, and blur's position is difficult to shake.

In the end, I still look forward to major innovations in the field of NFT and ERC721.

The biggest innovation of blast may be the airdrop mode. At the same time, it also makes good use of the token incentive characteristics in the crypto field. 50% of the tokens are distributed to the community, the cycle is extended, and users are allowed to directly gamble through some complex methods. Isn't this in line with Bitcoin's POW mining mechanism? I have always believed that the biggest feature of the crypto field is to change the production relationship, and how to change it is to make everyone a shareholder of this project through the distribution of tokens. However, it is a pity that so many crypto projects claim to be the first in the community. In fact, the token has only one governance function, and the distribution of this token is also extremely centralized. The right to interpret the airdrop belongs to the project party, and the right to distribute grants belongs to the foundation. Only blast clarifies the rules, and you can try to see your own points.

But apart from this point, blast is useless. As a layer2, it does not even have basic technical guarantees. How can it operate for a long time?

Binance web3 wallet revealed that Megadrop has blocked 297 main accounts, all of which bought kyc to get the airdrop of Megadrop. The highest account actually had 9,000 kyc accounts. According to the previous megadrop minimum guarantee number of around 70u, this person actually got 630,000u, but they were all blocked. But it seems that if he does not collect, can he escape the risk control?

The airdrop of blast has made some happy while others sad. The interesting thing is that when Blast was released, most people would have thought that it was a nesting doll released by themselves to eliminate the bubble of blur, but everyone would still flock to it to get the points. The PVP market is like this. Everyone thinks that as long as they are not the last one to take over, it's fine.

Almost 99% of the project parties are like this. If you think about it carefully, it is also human nature. Web3 is still a weakly regulated industry. Issuing coins is equivalent to listing financing. Before, entrepreneurs had to go through rounds a, b, c, and look at financial reports. They would only go public if they had profits and development prospects. In Web3, this is not necessary. With a white paper, a team with a good background, and a well-known investment institution as an endorsement, coins can be issued for circulation and trading. The valuation is often 1 billion US dollars. A little bit of insider trading can make a lot of money. How can they continue to make products and attract users?

DEX Screener also launched a token issuance platform Moonshot, with a fixed supply of 1 billion. When the market value reaches 500 SOL, all remaining tokens and liquidity will be migrated to Raydium. Isn't it a bit late? The heat of pump has passed? ?

AI Arena, which raised $11 million, held a TGE on Bybit. The current price is 0.07u, and the total FDV of 1 billion is only $70 million.

After carefully looking at the token economic model of $NRN, it is quite interesting.

The institution will not start unlocking until one year later. The initial circulation and release are only 80 million airdrops and 80 million released in subsequent activities.

$NRN token consumption scenarios

1) Players can bet $NRN to participate in ranking competitions, use $NRN to buy batteries to charge NFTs, and pledge $NRN to the fusion pool to increase the probability of obtaining NFTs.

2) Researchers also need to pledge $NRN to participate in research competitions (AI algorithm models)

Now let's talk about where the interesting part is

1. The institution will unlock the token after one year. There are only a handful of chain games that can survive for more than one year after the official launch. The institutions that invested in AI Arena should be the top intellectual representatives. They agreed to do this, Ai Arena must have something outstanding and is a long-term project

2. In such a bear market, the timing of TGE is very interesting. Users should sell the coins as soon as they get them, so why go online at this time, unless it is beneficial for the project for users to hand over their chips at a low price.

3. The first round of AI Arena's lead investor was Paradigm, which always has some genius ideas and showmanship in economic model design. Such as http://Friend.tech, Art gobblers, blur, etc. The token economic model of $NRN should also be supported by Paradigm. The consumption scenario of $NRN tokens is speculated to be limited in the early stage, and it should gradually enter deflation, and the system economy will take an upward spiral growth path.

So, at the current price, you can take the airdrop!

The so-called era of airdrops is over, but the return from airdrops used to be 10,000 times, with a gas fee of tens of cents for a return of hundreds of dollars, but now it is 10 times the return, with a gas fee of tens of dollars plus various fees for a return of hundreds of dollars. The same is true for cryptocurrency speculation, it used to be easy to get a 100-fold return, but now people blame the project owner for not pulling the market and cutting the leeks if it only rises a few times!

$lista seems to be responsible for the resurgence of bnbchain. The airdrop and megadrop performed well this time.
In short, it is MakerDAO on bnbchain. Since Binance has not listed many projects on bnbchain, we rarely hear about any new and interesting projects on bsc. At present, TVL can only rely on Pancake and Venus, which support 70% of TVL. I don’t know if this is a signal that Binance will pay attention to bsc again.

It's quite interesting. When the market is good, the leeks will focus on the projects invested by big VCs. When they communicate with the outside world, they will say that a certain project is valued at xx billion and invested by a certain big VC. Hurry up and rush. When the market falls sharply, they blame these big VCs for raising the valuation and cutting the leeks. Maybe they don't understand at all that the early VC rounds of regular projects are unlocked after 1 year of teg. So, who is being cut?

Nostra, the first project of Starknet ecosystem with FDV of 10 billion, is currently LBP. This lending project, which bears 70% of Starknet’s TVL, has put out 12% of its tokens for sale. Currently, FDV is only about 15 million, and only 8% has been completed. There are still 36 hours left. I wonder what will happen in the end? Is the story of layer2 over?

The airdrop standard of zksync token zk is 21 billion in total, accounting for 17.5% of the total, of which 89% is for users on the chain, and 695,232 wallets meet the standard. 11% is for community contributors. The snapshot time is March 24, 2024.

The quantity standard is based on the number and length of time of assets. Those who own native tokens and nft, have used smart contract wallets, and have received other airdrops and active wallets on the eth main network can get bonuses.

Simply put, the more assets you interact with, the earlier you get the more you get. The minimum for a single wallet is 450zk and the maximum is 100,000zk.

In general, a single boutique account gets more, and I don’t know how the batch account will get. At least from the total of 6 million addresses, only 1/10 gets airdrops. The witch’s investigation is indeed a bit ruthless!

There are 67 projects on zkysnc that have received airdrops. The largest AAVE has 8.3 million zk, and the smallest has 810,000 zk. Familiar projects include CURVE, ETHERFI, IZUMI, etc. You can check this list to see if you have used it. Maybe there will be airdrops to users later.

https://github.com/ZKsync-Association/zknation-data/blob/main/zksync_native_project_list.csv

The more familiar I am with these web3 game projects, the more disappointed I am with current web3 games! People who are familiar with us know that we have a lot of connections in the web2 game circle, so as long as it is a Chinese web3 game team, I can learn about the background and actual situation of this team through many aspects. Yesterday, I met a game producer in Shanghai to chat about web3 games. He told me that several teams had asked him to be a producer before, and some of them were projects that had already been listed on the launchpool of a certain head exchange. The core reason why he didn’t go was that from the perspective of game design and team, he used the word "garbage" to describe it. Judging from the current several projects that have issued coins, this is indeed the case. The game has made no progress. Normal game operations are at least a small version every two weeks, a large version every month, and various in-game operational activities. What are these current projects doing besides sending various strategic cooperation posters every day?

Memecoin is a field I have never been accustomed to, but seeing the ups and downs of meme waves, it has become a new hot track. As a science man who likes to study logic, I decided to spend some time to force a set of logic for its existence and its surge and plunge.

In summary, a successful memecoin should meet 3 points:

1. It must have a unique cultural attribute, such as Dogecoin represents the reward culture of Europe and the United States, and Pepe carries the Internet culture of the millennial generation. It can be spread like a doctrine, and a large number of people hold it;

2. There must be a founder, leader, spiritual leader, Musk of Dogecoin, etc. who can make things happen;

3. There must be a community of true faith, and a group of people are willing to pass on this culture, not just for buying and selling speculation, and raising shipments.

Only those who truly meet the requirements can survive for a long time, otherwise, most of them are disguised zjp, and the popularity will not exceed one week.

It seems that the ton ecosystem is finally going to explode this time, and not is on Binance launchpool.

notcoin is a ton ecosystem mini-game platform. It initially accumulated 30 million users through viral mining and released 78% of the tokens. The total amount is 100 billion, 3% of which is Binance launchpool, and the remaining 17.75% is the foundation and community incentives.

At present, the notcoin platform actually has nothing to play, and it is still unknown how much of the 30 million brought by viral mining can be retained.

At present, there are already points that can be traded. In order to be able to exchange not at 1000:1, according to the current price, 1not is about 0.001u, and FDV is already 1 billion US dollars

How much do you think it will be worth after it is listed on Binance?

The total computing power of Bitcoin has dropped from the peak of 720E to the current 568E. The difficulty will also drop by 5.88% next time, so miners should have a better life.