AMA with Cosmic Universe On Arcade Discord
AMA Stage | AMA with Cosmic Universe
PlayerSix:
Special guests this evening, this afternoon, this morning, wherever you are, so glad you can join us. We have Wizzard Blizzard and founder of Cosmic Universe coming on today, hopefully talking to us about his project as well as where it’s going and potentially some updates and any exciting news that they want to share with the Arcadian community today.
So, yes. So welcome. How are you going?
Wizzard:
Hello everybody. Sorry, I was just making a quick announcement for the community. I am doing great and looking forward to speaking with you guys. I don’t think a lot of people are in our community that, um, They don’t really know who you are. So if maybe before we start the AMA, you can just give a brief rundown about what ARCADE is.
PlayerSix:
Not a problem, our founder PlayerOne, are you happy to run us through a summary of Arcade for all the Cosmic Universe audience among us?
PlayerOne:
Yeah, sure. Thanks for jumping in on this call and thanks PlayerSix. Arcade is really about making it easy for people to invest in GameFi. Arcade is a couple of things; it’s a launchpad, it’s an investment vault, it’s a third party market place. And then ultimately it will help you make life easier via automation tools in the metaverse. It is really a way to get people into the metaverse, to understand everything investing in the metaverse and how we are doing it differently from all the other launchpads is we are interested in bridging people in the traditional space, whether it’s finance or in gaming into the basically decentralized GameFi space that is the metaverse and we are all exploring technologies. We are creating technologies to help people do things safer and in a much more sustainable manner.
PlayerSix:
And something I was wondering, how are you planning for traditional gamers to enter the blockchain games space? Cause that’s also something that Cosmic Universe is looking to create a bridge between, because a lot of traditional gamers are kind of wary of blockchain games. Because most of them are very simplistic. They’re not really that fun. And they just seem to be more like money grabs. So how are you looking to do that, to get them over to blockchain gaming?
PlayerOne:
All right. Great. So I think right, we are on the same page on that one. So I’ve been a gamer for about 30 years and I agree blockchain gaming isn’t at the stage where it’s going to be as entertaining as traditional gaming, you know, is not as fancy. It’s not as developed at the moment. But, you know, it’s really about getting adoption from traditional people and you could see that happening. For example, an FTX bought, I believe storybook or something. I can’t remember. It’s a card game. Uh, you guys can check you up. But you know, there was a huge backlash because a crypto company was buying a traditional gaming company for about $2 million. But you know it’s because there’s no context to that buyer, you know, people don’t understand why. And it’s really about the metaverse narrative that we are in right now, it’s how we can make it easier to get into this and really understand it. And that is only possible via partnerships with traditional people where we are not trying to displace them, but we are trying to enhance that traditional experience via blockchain gaming and GameFi. So we have to create that story, that bridge and we need people who understand both and you know, like you. You are basically making an MMO and, you know, I’m sure you have your ideas on how you’re bridging that. But for us, it’s really bringing it back down to traditional stuff. So it’s not like they come here, but we go to them. So that’s our approach. So you will see some of that coming from ARCADE going forward as we build up upon that.
PlayerSix:
All right. Excellent. Thank you for explaining that.
Cool. So obviously we spoke about this AMA with our community over the last week and they’re really excited to hear about both Arcade as well as Cosmic Universe’s updates. What I’m going to do is I’m actually going to invite a member of our audience onto stage now. And I think they’ve got a few questions for both Wizzard from Cosmic Universe and also PlayerOne from Arcade, so I’m just going to invite Jonesy from the audience.
Jonesy:
Hey guys, how are you?
So firstly, thank you for coming. Thank you for coming in and giving us time to also speak to you as well as PlayerOne and PlayerSix time. First question I would have is, will there be anything that holders like the Cosmic Universe NFTs can do with it and it takes prior to the launch of your game?
Wizzard:
That’s a great question. And as a matter of fact, yes, I was gonna bring it up later, but might as well spill the beans now. So I did allude to it in the latest weekly wizard. We are going to have NFT, staking and it’s almost here. I’m not going to give the exact date, but it’s just about done. And what is going to be possible is that initially we’re going to be doing character staking. So all of those wizards that everybody has, you’re going to be able to put them to work by assigning one of a dozen professions at first, up to two professions per wizard. And then these wizards are going to be able to gain skill points within those professions. The more skill points you have, the more magic rewards you’re going to receive. This is a preliminary staking program based on a part of the gameplay that Cosmic Universe is going to have within the game where you can go and become an architect or a tailor or a gem cutter, all these various types of professions and there’s going to be the skill trees within the game. Cause we’re basically creating a true MMO RPG, because not a lot of people are doing that. I don’t know if anybody’s doing it, definitely not on Harmony, but yeah you are going to be able to be staking those NFTs and having them provide magic awards to players who stake them. From there, we did outline a land staking program. We’re going to look at how we can create a preliminary version of that too, but we may actually have the release of the game, where we’re going to have the multiplayer and blockchain integration already there by the time that’s possible. But for now, yeah, we have this month’s character NFT staking.
Jonesy:
That’s awesome. I might just actually add onto that a little bit. What are some of your key tokenomics around the staking? Obviously you’ll be earning a token that will be used in the game. Is that an unlimited or infinite supply? Is it going to be inflationary? And if so, how have you guys sort of prepared it to not lose, obviously exceptional value over time as more is accumulated throughout the game.
Wizzard:
Yeah. So how it’s going to work is that with each level, there’s going to be a magic fee. Initially, there’s going to be a one-time activation fee for the staking program itself. And then if you don’t do any other level-ups from there, then you’re just going to be earning for example, one magic a day. If you move on to other levels and to gain more skill points, because the more skill points you have, the more magic per day you earn, then there’s going to be a magic fee per level. We used a prime number sequence to do all of this structuring of the system, wherein about 88 days, you will have an ROI and then you will be earning passively from there on out a net profit. We designed it in a way where it will be sustainable, where the fees will be going into the rewards pool. We’ll have an initial rewards pool, but then the fees will be going back into that rewards pool as well. So it should be sustainable or for a long term until we get to the game. And then this program will be duplicated and replaced with the structure that we’re going to have in the MMORPG.
Jonesy:
That’s awesome. Thank you for that. I just have one other question on the back end. Are there any updates that you can reveal especially to us here in Arcade?
Wizzard:
Are you, by any chance, part of Mondo’s Arcadian or is it something else?
Jonesy:
No, I’m not.
Wizzard:
Okay. So what was the question again?
Jonesy:
Are there any updates that you can reveal especially to us here in Arcade?
Wizzard:
Oh, okay. Oh, you’re an Arcadian.
The update, I suppose I can reveal is that we’re giving specific timeframes. The single player, offline gameplay demo of our game is basically done, we are just polishing up a few more things. And that’ll be released along with a video of some gameplay within a few day’s time. A few weeks after the gameplay demo is released, we will expand that out to have a multiplayer component to it so that it starts growing into its MMORPG status. And then a few weeks after that we should have completed the blockchain integration which on harmony has been challenging, but we have been making progress with that and actually created a prototype. I don’t know, I’m not a developer, so I can’t speak too much on it, but there is a prototype that I was showing a live demo where we connected Harmony with the unreal engine five, which is really phenomenal because I haven’t seen that done on this blockchain. So yeah, that’s a little alpha for you.
Jonesy:
No worries. Thank you so much for that.
Wizzard:
Welcome.
Jonesy:
I believe I’ll give it back to PlayerSix to continue but yeah, thank you for answering those questions Wizard and thank you PlayerOne for also having me up here.
PlayerSix:
Thanks Wizard. Thanks Jonesy.
PlayerSix:
So we have, I would say almost twice the amount of people that we had before and most of them are from our community. So can you just give one more quick overview of what Arcade is?
PlayerOne:
Yeah, sure. Like I said, Arcade is about making GameFi accessible. To all audiences, it is a couple of things. Firstly, the launchpad. It is about launching GameFi projects on Harmony and making it easy for people to launch those projects on Harmony One. And of course the second part is an investment vault where it’s a decentralized DAO where we have investments, basically in decentralized manner voting and basically restructuring the vault so that it’s profitable for people to invest in it. That’s the second part. Third part is really about third-party marketplace and allowing people to basically trade their NFTs for GameFi in one space instead of across different marketplaces. We want to make sure that, you know, if people are trading via a third-party marketplace, they are also not circumventing any original reward mechanism with the original game. But sort of like we create a synergy with the original game. The last part is really about the automation where we tried to automate a life in the metaverse. We also don’t want to take away from the games by doing that, but really in collaboration with them. So ARCADE is a launchpad. We are planning to do an ideal, sometime in the next one, two months. We are at the traction building phase so you will see more and more partnerships coming soon and Wizzard/Cosmic is really one of the projects that I find really exciting because it’s an MMO and I’ve been playing MMOs since like 2004 and MMO which is integrated tightly with the blockchain is a great idea. I will let Wizzard speak about it more.
PlayerSix:
Thanks both of you. I’ve also got another member from the audience, Mike. I think he’s got a question for either Wizard or PlayerOne, go ahead Mike.
Mike:
Uh, how are you going?
What are the plans for ARCADE having with Cosmic Universe going forward?
PlayerOne:
Well, I think we have a couple of plans. Really, this is our introduction to our community, to cosmic and its exploration of the cosmic metaverse that Wizzard is building. I understand cosmic is probably going to release many others features and other things in the cosmic universe, and as a launchpad, as an investment platform. We want to make sure that Arcadians in ARCADE would have the proper information about cosmic universe. If we were to make an investment vault for Cosmic universe assets, you know, that could be a possible exploration in the future with cosmic universe. So it’s really about whether both our projects are able to work together in a synergistic manner. For example, cosmic were saying that they are trying as best as they can to introduce regular gamers to blockchain gaming and especially through cosmic universe. We are probably going to be more involved with regular game studios or regular traditional finance people who probably finance these operations. We can do cross collaborations. We can bring in traditional gaming companies possibly through our Arcade partnerships if Cosmic Universe is interested, we can do that. And yeah, it’s really about seeing where we fit and seeing whether there is an investment opportunity for Arcade and Arcadians in cosmic universe.
PlayerSix:
Thanks everyone. In the meantime, for those who are too shy to come on stage, I’m now going to open up the AMA questions. So anyone who would like to ask us questions, please go right to the AMA questions channel, and please feel free to type in your questions right now. We’ll have a quick look and we’ll pick some of the more significant questions to answer. So yes, please go right ahead to the channel, AMA questions and feel free to put your questions in there. Otherwise, in the meantime, we’re still open. The stage is still open if you would like to come on.
Jonesy:
PlayerSix, do you mind if I just ask Wizard one more question?
PlayerSix:
Please go ahead.
Jonesy:
Yeah. I just wanted to pick his brain. My brain’s been now taking over since I asked that last one. So in that regard of to how you’re going to stabilize the inflation to obviously like stop it from just plummeting. You mentioned you’re going to use a prime number sequence. Could you just go into a little bit more data on that because I’ve personally never heard of that structure before.
Wizzard:
Right, okay so, everything in reality follows patterns and I was looking for what pattern would work the best for various programs that we’re going to have and structures within cosmic universe. I looked through about two dozen of them and the prime number sequence made the most sense. What do I mean about that? It means that regarding the training time that it takes for each skill points within each profession. I’ll give you an example of what this means. For example, to gain the first skill point, it would cost a certain amount of magic to train and there would be a certain amount of time that you would need to spend training. You obviously don’t have to sit there the whole time, but you have to activate the training time and then come back when it’s done and then you can move on to the next skill point. For example, to get to one skill point, the first skill point, the training time is five hours. To get two skill points, you’re going to have to train for seven hours, through 11 hours. So that follows the prime number sequence all the way up to 20 skill points. You have to train for 79 hours and all together, we designed the system so that for each profession, It’s going to take a total of 786 hours. That comes out to where your ROI would be 87.8 days to be exact. Does that answer your question?
Jonesy:
Sorry. My phone just locked on me. Yeah that makes complete sense. That’s a very exciting way to go forward about it. Yeah, so you can obviously have the people that stay at level five, but your end goal is always to get to the highest level to earn you the largest bag of tokens that you can get. So yeah, I really understand that and that actually makes a lot of sense. That’s a really interesting way to do it. Thank you for explaining that.
Wizzard:
You’re welcome. I’ll also add onto that, that on our marketplace, we’re going to have it displayed what professions each character NFT has and how many points the skill level of points they have. So you’ll be able to see that the values of wizards and other characters later on, there’s going to be another variable in the mix when it comes to evaluations of the character NFTs.
Jonesy:
That’s awesome. I really appreciate you explaining that. I was just trying to understand the prime number, but now that you’ve sort of explained it with 1, 2, 3, and then obviously 35, should I just share how it compounds and why it takes to that extent, but yeah, that’s that sounds awesome. That’s really good. Thank you for that.
Wizzard:
Yeah, you’re welcome.
PlayerSix:
Sorry about the wait. I was just looking through some of the questions that have come through. This one is for PlayerOne. They’re asking us, can we talk about some of the features that sets us apart and what’s unique about arcade and obviously for the investors on the Arcade environment and platform.
PlayerOne:
Yeah sure, absolutely. Actually you can check out some of our thoughts on our medium, so PlayerSix have being putting up part one and part two, about what I think about GameFi. I really got into GameFi via Defi Kingdoms if anyone doesn’t know, that’s really where I started and that’s somewhere around October, you know, a bit late, but you know, October, November, but I saw how it went over there. It was exciting. It was exciting for a gamer like myself, who never really got into this. And what makes arcade different is really our traditional connections. All our players, we all actually come from a very traditional background. We come from basically having many connections in the traditional finance, wealth management and things of that nature. So after talking to all the traditional people about my excitement about GameFi, I realized that the number one problem of GameFi is not really the technology, but it’s really the education. And really like 99% of the people out there, outside of crypto, do not really understand this. ARCADE is really about leveraging those partnerships, those connections, and you will feel more of that coming soon. And in terms of like traditional spaces, where there’s a VR arcade or things like that, we have some exciting plans. We’re talking to some guys about a metaverse hotel. I mean, what does it sound like? I won’t reveal too much, but you know, those are the partnerships we’re talking about. It’s really about explaining to people why, why they should get in and, you know, making it exciting for gamers and people in the traditional finance world who are basically funding games in this area why they should put more money into projects like cosmic or into projects, any other project in GameFi space so our USP is really our traditional connection.
PlayerSix:
Right. Let me jump to another one. This one’s probably for you, Wizzard. Let me just pull that up. Okay. Question from Joe Goodman, will we be able to upgrade our land and wizards before the game comes out or will it be an end game with cooldowns?
Wizzard:
So upgrading the wizards and to an elf, I kinda got into that with the character staking. That’s going to be a preliminary upgrade of version, but it’s not going to be the level up system. So the level up system is going to be tangential to the increased skill points that characters are going to accrue. But the levelling up will begin when the game is connected to the blockchain. So likely the pre-alpha and the land staking leveling up your land. Regarding that, we’re looking into if there’s a way to start that process prior to the game being released in pre-alpha. We’re still workshopping it. I am not able to give a definitive answer about that yet.
PlayerSix:
Okay, thanks. That was it. One more question here and I think this is probably for both PlayerOne and Wizzard. The hype around blockchain and NFTs have made most traditional players want to get on board. However, the major challenge the majority of them face is the issue of complex and non-user friendly UX design of many of these blockchain gaming projects. Will you try to make things as simple as possible and ensure a smooth gaming experience? What about some guides for new players on how to connect wallets and stuff like that? Will you try your possible best to ensure they are available as well?
Wizzard:
Yes. We’d like to make it as simple as it being possible for a dog to figure this out. So we will have these tutorials. Actually, we have a whole series of tutorial quests that will get players familiarized with how the game is played, what sort of UI elements are going to do all this and that, there’s going to be quite a bit related to that. I believe if Riptide, if you want to say something more on that line of things, feel free to jump in. Cause I see you in the audience.
All right. He must be in the bathroom or something, but yeah we’ve considered this and we want to make it as simple as possible, especially regarding the cryptocurrency side of things because we tend to think that everybody knows about crypto and how to use it, and this and that. But the reality is it’s not, it’s a very niche market still. It’s a very small minority. So we are going to provide tutorials that make it easy to understand why there’s cryptocurrencies involved in this game in the first place, what benefits they provide, how to use them, how to do all sorts of various things that provide value-added to the game and the metaverse/social community that we’re developing within this MMORPG. Oh, look, he’s raising his hand now.
Riptide:
Hello? Uh, can hear me?
Wizzard:
Yes, we can.
Riptide:
So just to add to that, I’m designing those quests in a way that sort of ties into the story, each quest will introduce you to a new mechanic within the game. as you go in like a logical sort of progression. Each quest will have a purpose and a function to show off different aspects.
Wizzard:
Yeah. And like I mentioned, I was right saying that there’s a whole series of training quest basically, right?
Riptide:
I don’t know how much you want me to give away.
Wizzard:
You can be vague or you can provide one example.
Riptide:
Just like the very first quest when you start the game, this won’t be applicable for the gameplay demo that is in the works at the moment. But when the game actually launches, the first quest will be just something as simple as learning to harvest and you’ll be sent on a quest where you need to go and harvest a specific thing and return it to a specific person. So that’s the kind of thing will begin your journey.
Wizzard:
Yeah. And we’ll also, like I mentioned, have guides to make it easy for even somebody who barely knows what cryptocurrency is to use them within the game and get them before the game and so on.
Riptide:
Yeah. We are going to have like cool tips pop up. I don’t know if anyone’s played any sort of MMO, or not even MMO, just any sort of new game, generally, any game that has a tutorial will have popups and suggestions on what you can do with certain things and little tool tips. And that’s the kind of thing that we are planning for Cosmic Universe.
PlayerSix:
That sounds very much like Cosmic Universe is setting the gold standards for gaming projects. So in fact, I guess that’s a good segue, where potentially PlayerOne can comment. Obviously we are looking at games to both invest in and to investors, as well as collaborate with. In the question, those metrics are measured on our side before we decide to participate. So I might even get PlayerOne to elaborate a little bit more on that. Like I said, one of the good examples of the gold standard games is Cosmic Universe, which is why we’ve got them on our AMA stage today.
PlayerOne:
Cool. All right, great. Absolutely, not making it user-friendly is the pitfall of crypto and I think is caused by the tools we have right now and like Metamask and things are. Not all wallets are very friendly, especially the number one wallet Metamass which is not very friendly.
I believe we will see a convergence to attack that will make everything friendly. Just like how the app store came to define apps, came to define web 2.0 and web 2.0 is really about using phone apps to access all these mobile games and everything. The problem with crypto currently is like, probably because association with speculation. It’s bit harder to get onto the app store with a crypto app. Maybe you can get into the Android store or the play store or some Chrome store somewhere, but you can’t easily get onto the app store. So it’s really about making the blockchain visible, making GameFi visible. And sort of if you can just play the game. So now GameFi is very much tied to DeFi. I mean, I want to say it’s not play and earn, but it’s playing trade and earn. So really it’s about making that part easier for a normal people to get into really know the play and earn part. And, you know, many people get burnt because what happens is they’ll either buy the top or sell the bottom. And that’s really one of the things that going via a launchpad and the investment vault like Arcade. We are trying to make it such that people are not basically jumping in blind into the GameFi project. They can go with the sense that a whole community has researched it and we are making a vault because we understand the tokenomics of the game and we can jump into it. Arcade is really centered around making that easy for people to invest in GameFi, easy for people to play GameFi. And that’s one of the goals of our investment vault. All right, great.
PlayerSix:
Thanks and I see that Riptide is also answering some questions from the AMA questions channel, which is brilliant, thanks so much for that. I think we have Realiano back on, would you like to maybe ask the last question for us?
Maybe he’s still having issues with his mic. Maybe would you like to type it into AMA questions? Otherwise, we’re just about to wrap up unless anyone else with a final question, we’re also getting to the fun part where we are doing our giveaways. We have three NFTs that we’re giving away to the audience tonight, so stick around to the channel that we’ll be doing the draw and you’ll be notified this evening. In fact, you’ll be notified now as we do the draw on the winners. So just have a quick last look around, see if anyone else has any questions on there.
Okay. I think there is one question I’ve missed. I think this is for you, Wizzard. This is from Flo Mojo. Is there a possibility for multi-visit holders to claim all daily check-in rewards at once?
Wizzard:
So the daily check-in reward bonus. The way it works that we’re seeing that going to work is that you’re, you’re going to be checking in with your player account and each player account. Even if you have hundreds of wizards, you can only get one wizard check-in bonus per day or character, because if we allowed it for someone to have hundreds of wizards in there, like getting check-in bonuses for each one of those wizards, just by logging them in and out every day, the game economics would get wrecked. So one character per account per day is how we’re establishing it.
PlayerSix:
Right. Thanks so much for that. I hope that answers Flo Mojo’s question. Any last questions before we wrap up?
Please go ahead. We can hear you now.
Reliano:
How are you doing?
Wizzard:
We’re doing fantastic, how are you doing?
Realiano:
Thank you. What sort of investment do you need to make to play the game?
Wizzard:
So you’re asking what you need to do in order to play the game? What sort of investment you need to make?
Realiano:
Yes.
Wizzard:
Okay. So we’re going to have a few different tiers regarding how much of the game as possible to be played based on how much investment you would make. So for example, you can play the game to its fullest experience and opportunities if you have one character and one land plot. That will unlock all the quests, all the rewards that are possible to earn in the game. However, you can also just play the game with one character, meaning a character NFT. But you will be limited where, for example, you’re not able to have land plots or gather resources that you can convert to getting blueprints for structures to build, and then building them on your land and then staking your lands to earn more rewards, et cetera.
However, we will have a rental program where players will be able to initially rent characters out to other players for a significant discount, allowing virtually anybody in the world, no matter what income bracket they’re in to play. And also soon after that, we’re going to have the land rental as well. All the character and the land rentals will be possible to customize how much the person who owns them would want to rent them out for, and additionally onto that, we’re also thinking about having sort of like a ghost mode where you can still explore around like a ghost, all the various things that are in the environment, in the city. That’s something that we’re integrating into the 3D immersive decks and marketplace that we’re going to have existing within the city of enchanted area itself. So basically everybody’s familiar with DeFi kingdoms, it’s this pixelated UI decks. Well, we’re going to have a way to interact with our forthcoming one-five exchange, literally in unreal engine five in glorious 3D and you will be able to connect to it via browser using pixel streaming technology and be like a ghost not having to pay anything to play the game. If you just want to use the decks in that sort of really neat way, you just go through the browser to do that. And you could also, as a player, if you want to make some swaps or what have you, you’re going to go to the city by foot or by your mount. And then you’re going to be able to interact with the decks in a 3D way like that. So there’s a few different ways to play the game, interact with it at various levels of investment.
PlayerSix:
Right, thanks everyone. That’s a lot of information that Cosmic Universe has revealed today, which I’m really grateful for, very glad to have everyone on this stage for this AMA. I think that’s a wrap for us guys. We’re going to do a draw for the NFT, let me just send my thanks and gratitude to Wizzard Blizzard and Riptide again, as well as PlayerOne, founder of ARCADE. I’m so happy for you guys to come on this AMA with us. I can see that on the AMA questions channel, there are some other questions coming in and I’m sure we will be getting to them at some point this evening as well. So, yes thank you again. Thanks everyone for joining us in this really, really interesting and a really cool AMA this evening and looking forward to the next AMA.
PlayerOne:
Thank you Wizzard and thank you Riptide. Thanks for the audience the questions. I’m sure we can answer in text for some of the questions. I will start looking at some of the AMA questions. Onto the draw.
PlayerSix:
Thank you everyone. Have a good evening.
