2021-2022 State of the GAME

Save the Date: Genesis Worlds Mining Claim NFTs Launch

Dear friends and community, 

We are excited to share with you the date the Genesis Worlds Mining Claim NFTs will be available for purchase. 

SAVE THE DATE:

January 18th, 2022

On January 18th, 2022, we will list the mining claims for three new Genesis Worlds! Between now and then, we’ll be sharing more details about the sale, the technology, the project and the tokenomics, so you can be fully prepared. We also hope you get some time to rest at the end of the year and time to celebrate an extraordinary 2021!

Discover The Worlds

These worlds will come to life through the creative ingenuity of each world’s community of Mining Claim holders. Together you will develop a vision for your place in the 100 year metaverse. Mining claims offer the power to influence your world’s land sale philosophy and strategy, the in-world game mechanics and reward systems, and the quantity and purpose of community-held land. 

Each Mining Claim NFT features a Creative Commons licensed 3D concept model of the world that will inspire your community to dream big.  Mining Claims holders also receive: 

– A vote in governance and decision making for the world represented by that NFT

– Mined GENESIS tokens proportional to the number of Mining Claims held

– Instant liquidity should you decide to sell back the NFT

– Future utility that will be determined by the community of stakeholders

Nexus

This is where it all begins. The Nexus is the central hub for the Genesis Worlds Metaverse, a starting zone for new players, a hangout for the OGs, and headquarters for many Genesis community organizations.

Neo Tokyo

The ultimate Cyberpunk mecca; low life meets high tech. You won’t find a more wretched hive of hackers, punks, and tech-heads… and we wouldn’t have it any other way.

Treasure Planet

Build your own ship and sail the high seas battling pirates and sea monsters. Quest to find Davy Jones’s legendary treasure, or just steal your trusted mate’s hard-earned gold. All in a day’s life on Treasure Planet.

Stake Your Claim

Genesis Worlds Mining Claims are the founding NFTs that allow you to participate in individual world governance, while mining the tokens that power the metaverse economy. The longer you hold your Mining Claims, and the more Mining Claims you own, the more GENESIS you mine. The more claims you hold for an individual world, the more influence you’ll have on world governance. Here are some launch details to help you prepare for the sale on January 18:

– Mining claim holders are entitled to 1 land parcel per mining claim held. (Parcels will be distributed during land sales in 2022.)

– The base price for each world is 500 GAME, which will start to increase along the bonding curve after 400 have been sold. (Here’s how to get GAME)

– You will be able to purchase 1 claim per transaction, and there is no limit to the number of transactions per wallet.

– GENESIS emissions begin on week after the first mining claims go on sale – January 25th.

We are excited to have you with us on this journey. To meet more community members, hop in our Discord. (Most of them don’t bite!) For live, fast-paced audio conversation with our team, follow us on Twitter and keep an eye out for our scheduled Twitter Spaces announcements. And if you really want to get ahead of the game, get your GENESIS farm up and running and reap while you sleep!

Decentralization and Gaming Beyond NFTs

Thoughts from GAME Credits CIO Matt Quirk

“The only true voyage of discovery, the only fountain of Eternal Youth, would be not to visit strange lands but to possess other eyes, to behold the universe through the eyes of another, of a hundred others, to behold the hundred universes that each of them beholds, that each of them is.” – Marcel Proust from Remembrance of Things Past

Innovation is birthed at the frontier of technology and business. Often people will pair innovation in their minds with tech only, but in some other ways business innovation is harder. The negative space of new business models is where opportunity lies. It also tends to be riskier. This is the state of the gaming industry as we know it today. It is ripe for disruptive innovation brought about by blockchain technology. The cost of making a quality game is expensive, risky, and failure laden. Blockchain helps decentralize the process and distribute the fundraising of system utility through fungible or non fungible tokens. NFT’s are the straightforward way as they are easily transferable and can easily represent THINGS digitally. But success in this space is more of a challenge than just selling NFT’s with promised functionality. Tokens in the metaverse, like money in the real world, grant stored up trade power. This trade power exists both as an in-game currency and funding mechanism as people pay it forward. Similar to when Ethereum first went live and people bought tokens, few envisioned how it would be the instantiator of so many DeFi projects. The funding mechanism is geared toward varied utility with incentive-steering behaviors beneficial to the project and community. Smart contracts are the tool of the game theorist, to motivate the groups into what is of the best interest of all parties and the growing community. It is the systematic organization of these components in an innovative way that will disrupt the existing gaming industry dominated almost monopolistically by the few large players. This is the white space of opportunity beyond NFT’s. Toward the heart of this negative space traverses a thriving and growing community engaged by the option of participating as a funding agent, a creative agent, a steering agent, or just someone enjoying a solid game experience.

The business models of the existing gaming industry are well known. Generally speaking, those models fell into two modes. The first is the more traditional mode of console gaming, the predominant model for years, where one pays for content beforehand, and publishers and developers license their content to players and may pay a license fee or app store fee to make the game available on a particular platform. Financial risk for this model falls on developers and publishers, and this very much mirrors the movie industry. With the advent of a ubiquitous internet and low cost mobile and tablet apps that go for volume sales, a new model emerged. The second model that has taken hold is the free to play model. This grants players a large amount of playability within the game, but requires payment to unlock additional content that might be expressive, more powerful, or a unique experience. This new model has emerged and taken over many games released today. It has proven quite lucrative and the likes of Fortnite and League of Legends have perfected this model. Both of these models are completely centralized, with strict control of licensing, content purchases and platform fees centering on the big companies in the gaming industry. They have perfected the free to play model, building a great game, massive following, and then sell the most exclusive content to those with the deepest pockets. It is extremely difficult to compete with these large games directly with the same business model. In fact, it becomes almost impossible with lottery-like odds of having something that breaks through to compete.

The free-to-play model doesn’t translate well with NFT content. The sheer potential volume of transactions and need for scarcity to drive interest makes it difficult. When we at GAME Credits first began developing our own games and working with blockchain games that partnered with us, we thought about this free-to-play model, and how it might be done with NFT’s. As we worked on Nova Blitz and thought about it more, we realized it likely wouldn’t work. Part of the benefit of NFT’s is the secondary market capabilities of buying and selling. And if as a developer, content is being sold directly to players, and they are selling the same content on the secondary market at likely lower prices, one must have a continual flow of new content and really strong analytics to understand and respond to the market dynamics. The benefit of secondary sales to owners, in a free-to-play model, where volume of players is everything, just didn’t make sense. Prices would remain the same from a direct sale standpoint, but they would start to drop as people would see just how many existed. This can actually be seen today in some blockchain games. Furthermore, much of the blockchain tech would not be able to scale to the sheer number of transactions that would result especially if the game really took off.

Meanwhile, we watched business model innovations occurring in some of the blockchain indie games where NFT scarcity was embraced as a new business model. One game that joined our rewards portal, and had created an Eve-like demo, where starships cost significant ETH to purchase (thousands of dollars), had begun innovating with a new model. They embraced the higher cost and built around it. If there were enough buyers of these ships, then a significant funding level would be achieved and the project could continue. Non-starship owning participants could band together and rent time on a starship to complete missions, while battling or competing with other “bands.” It created an interesting dynamic. Starship owners were able to earn a passive return on their large expenditures while renters could pay a small amount and potentially play-to-earn or enjoy the experience. The Game developer could then develop the game with the funding they had made to a degree it was playable, and then decide on whether more starships that were potentially different, unique or added new dimensions of game play could be sold in the future. This model was very much a kickstarter approach but it was more decentralized in that Kickstarter as a company wasn’t involved. The game itself actually never took off, and the aspect of decentralization was that the project failed to convince potential starship buyers of its merit, or the project team never fully delivered on the game. In this kickstarter-like model, the studio making the game has a responsibility to convince potential players of the merits of their project. While there have been many failed blockchain games, others have succeeded experimenting with new models. In contrast, both Decentraland or The Sandbox could be considered a success in their decentralized funding approach. Instead of starships, these metaverses sold land. Their finite amount of land that can be purchased at a relative premium (for a game it was expensive, for blockchain it was inexpensive) was similar economically with the starship, land owners have an expanded in-world experience mainly economically as they are able to build on their land and sell experiences to users who might visit. The predetermined rarity and potential derivative benefit, it incentivized individuals to buy into it seeing not only the possibility of demand increase for the land, but the ability to take advantage of in-game economies for buying and selling . The possibility of getting your money back or even turning a profit seemed very real and eventually became real. It has proven financially lucrative for many of the early land adopters. In any case, these games are in many ways still being built. This model is very much a parallel to many of the crypto projects that have either a fungible token to raise money or NFT content to raise money. But they are also doing tokens as well. So beyond just buying and selling NFT’s is a white space of opportunity around a systematic approach to using tokens, NFTs, and existing web technologies to build new business models. 

Disruptive

While adopting both a systematic approach to these economic building blocks is both powerful and potentially disruptive, that disruption is often slow at a macro level. An example of this is how NFT’s have not caused an immediate splash in the existing gaming industry, but are slowly ramping with new innovators willing to innovate and risk. Blockchain adoption is difficult for an individual user. It requires a mindset shift. Therefore the shift to a more decentralized approach will disrupt, but it will take longer than you might first expect.

Decoupled

The ability to decouple a financial transaction from local laws, payment systems and other typical challenges will create opportunities in places not previously seen. In the gaming industry, the play-to-earn mechanic will allow important financial benefits to countries that are developing economically. Meanwhile, the ability to invest in the project for its long term utility benefits is available to everyone. This gives a truly global benefit from a financial standpoint.

Decentralized (in its purest sense)

The ability for individuals to participate in a system at any level, without belonging to an organization, and still be a part of that project and community, to the degree they want, is one of the chief goals of a decentralized solution. This changes the entire dynamic of society and could potentially spread wealth wider and farther. It allows for communities, with a commonly held value system to actively do and accomplish more. One of the basic ideas behind game theory is just this, to think of the group dynamics and how individual incentive interacts with incentives of other actors. Communities that have been remotely interconnected and their shared value system can be brought together using financial incentives to both better each other and financially gain from those interactions.

Genesis Worlds developed by GAME Credits Studios is an arrangement of NFT’s, DeFi smart contracts, Governance contracts, and gaming tech in a systematic way that will inspire the imagination and creative bent of communities everywhere for many years. We planned carefully, taking into account the success of other early metaverses and putting our own creative spin on our plan. While some portions remain open ended so that the community can decide, the framework has been set for a great deal of innovation to happen in the foreseeable future. While not the only studio doing this, we are helping create a new way of doing business among gaming companies.

Follow @MattQuirk30 on Twitter

GAME Credits | Genesis Worlds | November 2021 Update

Dear friends and community, 

As we near the close of 2021, we’re reflecting on all that has happened over the past year. These months have been life changing for many folks at the intersection of crypto, gaming, arts and media. Early in the year we saw the gaming industry cool toward crypto innovations, at the same time digital item ownership drew mainstream attention. When we look back at the state of the industry a year ago, it is fascinating to see we’ve come far enough that Collins Dictionary has selected ‘NFT’ as the word of the year!

As the crypto community and media focused attention on the explosive growth of NFTs, we added improvements to our NFT minting platform and began development of the bonded NFTs that will underpin the Genesis Worlds metaverse. Planning for Genesis Worlds began in 2020 and 2021 proved the perfect time to begin development. (Though we didn’t anticipate our $GENESIS token launch would occur on the same day as that other high profile metaverse announcement!)

In November we had the opportunity to support the $GENESIS token launch. $GENESIS is listed on QuickSwap and available to farm at https://genesis.game/farming. More than 39M $GAME is now locked in farming, and the GameFi community is loving the APR! We’ve been updating company and token info across token listing sites to make sure they’re sharing accurate information. With feedback from the community, we completed user experience updates on the Genesis website, and created new tutorials to help support the token exchange and farming processes.

Our community is growing and we’re meeting people with a broad range of interests and goals. We are implementing changes to our Discord server to better protect the growing community from scammers, and to provide relevant channels for discussion. In November we added several new language channels and will continue to evaluate requests for new channels as they arise. Long time lurkers are introducing themselves and joining the conversation. We can’t wait to meet more of you! Look for team members with the ‘Verified Staff’ role and introduce yourself.

Or come and talk to us directly – we’re spending more and more time  participating in live, synchronous events. We host weekly conversations in our own Twitter Space, and have been presenting in Spaces hosted by other communities and organizations, such as Polygon. (Feel free to suggest cool Twitter Spaces we should check out!) We joined the SunGens Discord for a live AMA with their community and we presented at Demo Days with the Blockchain Game Alliance. This week we have team members making connections in Miami for DCentral Miami, NFT Basel, and Art Basel. To get more time with the team, you can find us on:

– Telegram

– Discord

– Twitter

– Email [email protected]

For first access to Genesis Worlds news, make sure you sign up for the email list at https://genesis.game/. In the coming weeks, we’ll be sharing the confirmed release date for the Genesis Worlds Mining Claim NFTs. Thank you for joining us on this exciting journey. We know you’ll love what’s coming next!

The Various Use Cases of Liquid NFTs

What are Liquid NFT’s?

Liquid NFT’s (also referred to as Liquid Tokens by Simon de la Rouviere 1) is a term used to describe a bonded NFT where the bond curve is handled in the contract adjusting the current NFT pricing either up or down based on previous contract history and the slope formula in the curve. Some Liquid NFT have a very steep curve, while others are more gradual. The benefits of the bonded NFT are instant liquidity (both buying in and selling out), price discovery, and always available. 

Don’t Underestimate Price Discovery

During the explosion of NFT’s last spring, there were several projects that sold NFT’s at price points to start that were unproven. The result of an unproven price point is that you won’t fully realize the sales numbers you might have given a balanced pricing. If you sell something for $10,000 as a drop price, and only 50 people purchased it, the question arises, what if you could have sold 1000 at a $1000 price point. In other words, they weren’t necessarily able to maximize their profits for the entire line of NFT’s. For the collector, rarity is prime, and so this unrealized pricing may not matter and the smaller print run turn out to be a good thing. But not everyone buys NFT’s as a collector. Some look for other utility and membership into a community with further benefits. With a liquid NFT, you can discover what the price is as demand grows. For some use cases, especially in the area of new tech, where the scope and scale is not fully understood, price discovery is really difficult.

How can they be used?

As mentioned, not everyone is looking to only collect NFT’s. Collectibility can be a secondary use case as well. There have been plenty of real-life use cases where the utility was the primary purpose of owning and the relative collectibility was driven by utility. A Liquid NFT is not designed for the one-of-one collectible like a single instance of a piece of artwork. If you think about a Liquid NFT, it fits the case where you have many instances of something that are the same, yet still have a collectible value. For example, a vinyl record, a video game, a toy, a photograph, a print from an artist print run. For each of these there are many instances where the utility of each one is identical. In the physical world, physical condition may play a role in driving demand or price value, thus making these collectibles more like traditional Non Fungible Tokens. But, in terms of representing them digitally, the bonded NFT actually makes sense representationally. Having one of a collectible like a vinyl record, isn’t more useful than having two, as they both contain the same playable music. It may be worth having more than one for the purposes of value, but not necessarily for its use. Eulerbeats is an example of an implemented bonding curve contract where you gain ownership of the music. If selling NFTs directly, where the seller is a single entity, Liquid NFTs makes less sense, and so as more content comes out for Genesis, we will likely see many traditional NFTs that directly benefit an individual creator. But Liquid NFTs allow makers to develop a more defi approach to an NFT, where profit is not as much from the direct sale but more from the overall adoption and buy in communally. 

Enter the World Mining Claim

Hearkening back in history, a mining claim entitled you to extract precious metals from the land, oftentimes depicted in events like the California Gold Rush, owning a World Mining Claim entitles you to certain Game Fi benefits. A World Mining Claim is a Liquid NFT. It is an implementation of the ERC 1155 standard that builds in a bond curve into the token itself. World Mining Claims grant their owners the specific right to participate in the funding, development, and benefits of the in-game World Liquid NFT they purchased. Furthermore, it allows them to World Mining Claims also grant owners future land when the land sale occurs in the future. 

– Land Deeds – All World Mining Claim owners will get a relative amount of the world’s land parcels

– Genesis Token – earn derived Genesis tokens and benefit from community growth associated with the bond curve. This can be found further on the hub spot here in our tokenomics breakdown.

– Specific world governance by voting for world-feature priority. World features will include creative in-world content, quest implementation, and rules engines that controls quest completion, graphic intersections, combat etc.

– 10% of World Mining Claim purchase supports universe development of Genesis tools by funding the Genesis foundation. Universe development includes things like client (such as mobile client), tools(such as map editor or item editor) multiplayer systems, questing system, map viewer, star map viewer, etc.

Fig 1 Bond Curve for World Mining Claim (stake)

Interoperability: Brief History in Tech and The Future Metaverse

Commentary from CIO Matt Quirk

In becoming NFT-aware, after getting past the struggles of learning what an Ethereum wallet is, then wading through the philosophical debate of buying a jpeg image, and finally, burning way more in gas fees than you realize, illumination of the mind occurs, and new possibilities emerge. NFT Level-up is achieved. For me, as an engineer tasked often with coming up with innovative new ideas, I was asked to explore use cases of the blockchain for my daily nine to five and began to do a Google search back in late 2017 of gaming and the blockchain. This was really my first foray into the blockchain besides occasionally hearing about a coworker that spent $250 for one BTC a few years prior. This exploration led me to a fledgling community that was exploring gaming and the wondrous possibilities of NFT’s. As a long-time gamer, I couldn’t help but bring that view to bear on the use cases I was exploring. I had found the ideal use case in gaming, despite my domain focus being the Internet of Things. It was a pure software and data use case. From a system standpoint, this means no need to consider the hardware and the need for supporting standards. Exciting possibilities are revealed. Brave new worlds of cross-game economies, social interactions, new mechanics, and new kinds of games. One dives in even further. NFT Drops. An NFT that goes 5x. First game with true ownership. But soon, the disappointments of immature tech also come knocking and the honeymoon period of NFT’s ends. A nerve racking (did I just lose $1000 in that transaction I messed up?), wild-goose chase of unforeseen problems, user interface annoyances, workarounds, and unmet expectations further exacerbates the user. It’s not as exciting as it first seemed. This is often the case with new technology, an evolution doesn’t come immediately, but through many years and layers of good engineering and design. In many ways, Ethereum as a network, is at the beginning of this evolution. The term used to describe effectively making something ubiquitous and universal between disparate systems, is Interoperability, and it’s a term used often in the past by individuals and companies to describe the standards and protocols that would describe the integration between systems. Taking this further, interoperability, applied to gaming, is the ability of games to exchange, interface, and make use of information in a decentralized way especially as it applies to non-fungible tokens, and the result pushing the boundaries of gaming making it a revolutionary development.

In a similar way that the user experiences a set-back in, the developer does as well, and the typical challenges arise in software development, interoperability is often an issue when one is dealing with complex systems, with different development teams, differing priorities, and different schedules all conflicting with limited resources leading to a spattering of different implementations that don’t work well together. We can go deeper, where Operating Systems, Tooling implementations, and lack of standardization makes it difficult to achieve the simplicity needed. Well defined interfaces and more importantly standards have always been the best long-term approach to achieving this kind of software interoperability, and as a result the dream-possibilities of gaming. The challenge facing a ubiquitous Metaverse is one that requires the development of gaming standards and interfaces that are simple, useful, and at the right layer. If done right, gaming as we know it will be transformed, automating the economics, lowering the barrier of entry for designers, and allowing greater collaboration.

Standard interfaces are everywhere, so much so we take them for granted. This in part is because of their simplicity. Like the USB 3c cable, or North American electrical plug, these interfaces are energy and information transport interface standards; when they are adopted, make the overall experience to be more seamless and transferrable. These standards are critical to the internet, and in the future will be necessary for a fully immersive and interoperable gaming experience.

Xerox, and its research arm PARC, helped develop the Ethernet standard in the early 70’s. Later, a Stanford developed, and DARPA funded TCP/IP standard was implemented by MIT atop the earlier implemented ethernet, and working between the Xerox designed Alto and later the IBM PC, demonstrating that a workstation could interoperate with other workstations and large time-sharing supercomputers. (1) This early implementation of TCP/IP would later be the primary reliable packet transport mechanism of much subsequent network communication.

In 1991, with a world-wide web as the back-drop vision, HTTP was proposed as a new standard to enable this and implemented in a simplified proof of concept by Tim Berners-Lee. (2) From this transfer protocol, which still makes up a significant portion of the web-based network traffic, came HTML, and the browser developed rapidly now that a means of transporting that data in a simple and efficient way could be managed. Having lived through this period, I saw how the SOAP standard became the standard Request/Response pattern in building tech in the printing industry. Furthermore, as the web became more ubiquitous, RESTful HTTP interfaces became prevalent, which was less a standard and more a design approach to taking advantage of the existing simplicity of the HTTP standard. In both cases though, the evolution of these web standards became the foundation of the Internet of Things, and made management, data collection and large-scale analytics completely possible.

The emergence of blockchain standards on top of these network protocols has made new economies possible. Ethereum has really pushed these standards like ERC-20 and ERC-721 among others. Our hope is to evolve these for the gaming industry. For Genesis, well-designed interfaces and standards will be a critical component of our hundred-year Metaverse that integrates with the future of gaming. Standards will emerge that can be leveraged across the gaming industry and various blockchains. With the vision of Genesis to be decentralized, and open source, with the center of development being a foundation, it is uniquely positioned to avoid proprietary approaches, and embrace standards development. Furthermore, the tooling necessary to make development easier and more streamlined will also be built alongside these standards. Genesis looks to be Ethereum-like, as one of Ethereum’s strongest attributes is its openness and potential for interoperability, and the supporting tooling that developers can leverage.

1.    Barry M. Leiner, Vinton G. Cerf, David D. Clark, Robert E. Kahn, Leonard Kleinrock, Daniel C. Lynch, Jon Postel, Larry G. Roberts, Stephen Wolff, “Brief History of the Internet” Internet Society, 1997, accessed October 2, 2021, https://www.internetsociety.org/internet/history-internet/brief-history-internet/

2.    Ilya Grigorik, O’Reilly Media, Inc. “Brief History of HTTP” 2013, accessed October 2, 2021, https://hpbn.co/brief-history-of-http/

GAME Credits | Genesis Worlds | October 2021 Update

Dear friends and community, 

October 2021 passed in the blink of an eye, and we will likely all look back on it as a vital turning point in the history of web3. We witnessed incredible project launches, innovative application of web3 technologies, the rapid emergence of new communities and the attempt by a massive corporation to turn the Metaverse into a walled garden. October 2021 was truly about the greater web3 community organizing to develop and sustain a more open web, and we want to acknowledge and celebrate that before jumping into the review of our own work. We know we are a part of something much bigger than ourselves, and that’s what drives our team and community.

Last month we saw mainstream media attention on crypto, DeFi, NFTs, the Metaverse and adjacent technologies, and markets responded to the hype. It is definitely an interesting time to be working on Metaverse projects! We have been sharing our Genesis Worlds Metaverse plans throughout the year and we’re grateful for the feedback we have received, especially from the new community members. If you’re just joining us, we welcome you and encourage you to share your thoughts and ask questions. 

Check out these highlights from last month:

– GENESIS Token Launch – Woot! It’s here! Last week $GENESIS farming went live at https://genesis.game/farming where folks are currently staking $GAME to earn $GENESIS at 253.79% APR. You can also now access the $GAME/$GENESIS liquidity pool live on Quickswap. The Genesis Worlds White Paper includes details on the tokenomics of $GENESIS. 

– Genesis Worlds Website Launch – Our new Genesis Worlds website is live at https://genesis.game/ with all the relevant project info. In addition to the token farming, this is where we’ll host the upcoming Genesis Worlds Mining Claims NFT sale. Bookmark it!

– Genesis Worlds Trailer – With the soft launch of the trailer, folks are getting a first look at the Genesis Worlds 3D models destined for Mining Claim NFTs. Please Like and Share with your network to help grow our Genesis community.

– Twitter Spaces – We’ve been hosting and participating in Twitter Spaces, and have found it a great way to communicate and connect with crypto and extended community across the globe. Follow us on Twitter to keep with where and when you can catch us live. Tag us whenever you stumble upon a Twitter Space you think we’d dig, and say “hello” if you see us in a Space – you never know where we will pop up!

As we head into the final months of 2021, our team is focused on preparations for launching the Genesis Worlds Mining Claim NFTs. With dozens of World models ready to go, this means internally we’re debating which Worlds to launch and in what order. (If you have a favorite, now’s a good time to let us know! We’ve been sharing some previews over on our @gamecredits Twitter). The Mining Claim NFTs will give holders rights to influence decisions around the development of the individual Genesis World represented by each token. Holders earn $GENESIS, which will have global and individual World utility. They also receive privileged access to land sales, which begin in 2022.

On the planning side of things, our product and engineering teams are exploring and evaluating technologies that will allow the Genesis Worlds core platform to include services that benefit the wider Metaverse community. Whether you’re questing through Worlds with a custom avatar, showing off your NFT collection, building a loot box or hosting a live event, we want to make sure we offer support for a variety of familiar Metaverse functions and on-chain items.

On the community side, we’re running contests and answering questions. We are working to add tools to help with moderation and we are building out more technical support resources. We expect to host some AMAs this month, so keep an eye out for announcements as well as some additional Twitter spaces. We are actively speaking to NFT communities and potential partners for interesting opportunities for the future of Genesis Worlds. If you would like to work with us, email us at: [email protected]. We sincerely love connecting with you.

You can find us on:

• Telegram
• Discord
• Twitter
• YouTube
• Email [email protected]
• Game Credits
• Genesis Worlds

If October was a whirlwind, November will be a storm – preparing for yet another launch as Phase II on our Roadmap (Mining Claims NFTs), lots of live events, community outreach, and so much more. Join us for the 100 year Metaverse where you can dream, build, & discover.

Why NFTs Alone Aren’t The Future – The Metaverse Is

We’re absolutely loving the growth of NFTs as a new asset class. There’s so much potential here, and what they’ve already delivered is truly amazing. There has never been a way for artists and creators to monetize their content. If the only thing NFTs do is to provide a method for the large scale funding of new and unknown artists, NFTs have made an amazing contribution to society as a whole. 

As a team, we’ve been part of the NFT scene from the beginning. Jen, our COO, is an original Crypto Kitties owner. Jason, our CEO, is active with land in every single metaverse. Steve, our co-owner, is one of the biggest NFT art collectors on the planet. And I’ve been in there since the start, including being part of the group advocating for and improving the ERC-721 standard. 

For all the undeniable benefits of NFTs, they’re not enough to unlock the future we’re trying to create. Ownership and decentralized content creation is not enough. We have to have real utility for the whole digital ecosystem, and that means the Metaverse.

But really, “the Metaverse” is a lie. There will never be just one metaverse. If there’s only one metaverse it is, by definition, centralized – more a dystopia like the Matrix than the decentralized utopia we all imagine (if you want to be part of a centralized metaverse, you could try Facebook’s Metaverse of Work and Surveillance). Instead, there will be an ecosystem of metaverses, each catering to a portion of people, each more or less interconnected to the others. Sometimes these metaverses will cooperate, sometimes they will compete, but that’s really up to you, as participants and community members, and not us as builders.

Genesis Worlds is one of those metaverses, catering to creators who want to be a part of a revolution in gaming and content development, and to game players who can finally be free of centralized, “free to play” (but really “pay for everything”) games from profit-focused developers, publishers, and advertisers. For players, we have an end-to-end play-to-earn economy. For creators, we have a new concept – a “build-to-earn” economy, that enables you to both be a part of building and growing Genesis, and earn GENESIS while you do. 

Genesis Worlds is a game at heart. While each of the Worlds will contain a different gameplay experience, there are some core game mechanics that are common to every World, and connect the different Worlds together. Everyone has an avatar, with level, stats, and an inventory of NFT items. Those stats and items will let players interact with different Worlds in different ways. Beyond your avatar, there are core gameplay systems that every World plugs into, most importantly the player-generated quest system. These quests will take you from World to World, and reward you with new NFTs, crafting materials, experience, and maybe even GENESIS tokens. And you can then level up the NFTs you’ve earned, and sell them on the marketplace to earn GENESIS – a true play-to-earn system. 

When it comes to creators, the possibilities are endless – we know we can’t begin to imagine the creativity that the community will bring. What we do know is that creators and the community are all-important, and we’re focusing the entire Genesis economy here. 40% of all GENESIS tokens are earmaked specifically for content creation. We’re not pretending to know how best to distribute hundreds of millions of dollars to creators. What we’re going to do is set the vision, and then allow the community to govern itself (voting using GENESIS tokens) to decide on best practices for rewarding creators and community members. 

The Worlds of Genesis provide interesting opportunities for existing fan communities or groups of creators. Maybe a group of Bored Ape Yacht Club members decides they’re going all in on Treasure Planet, and they want each parcel of land to be a yacht that can travel around the World. They buy enough World Mining Claims in Treasure Planet to ensure they can set the vision for the World. They put together a pitch for funding from the Genesis Foundation, and then work with the wider community to build the features they need. And that turns a crazy vision into reality. Something like mobile land parcels wouldn’t be possible in a traditional metaverse. It wouldn’t ever happen in a traditional game. And it’s too hard for any one fanbase to pull off on their own. But it really is possible within Genesis Worlds. 

A lot of this is due to the similar-but-different nature of the Worlds. All the similarities mean that the Worlds can rely on shared infrastructure, and lots of basic features just work. But because each World doesn’t physically interact with others, small changes can make big differences between Worlds. Imagine a World with ultra-low gravity where players can fly between floating islands. Or one that’s set entirely underwater. If you ever wanted to be Q, and change the laws of physics, this is your chance. Some Worlds will grow in importance; maybe your World becomes the key marketplace hub for the whole metaverse, or maybe it’s party central with non-stop events and DJ sets from famous artists. 

And this doesn’t even touch on all the DeFi components of Genesis Worlds – we’ll talk about those soon, as well as how Genesis DeFi and Genesis governance go hand in hand. 

A Commentary on Generative NFT Projects, and How a Community-Centric Metaverse Is Key

Thoughts from CIO Matt Quirk

I’m getting discord DM’s regularly on generative NFT projects. Projects are hoping to mimic at least in part the success of Crypto Punks or the meme-based projects like Bored Ape Yacht Club.  In their passion for a successful project, founders have started realizing that they need to give value to their users. They have developed legitimate communities that are interested in their content and promised them further utility, using the funding earned in the minting and secondary sales of the NFT to help drive demand for owning project created NFT’s. 

Typically, projects offer several benefits to owning and transacting their NFT’s. These use cases are both beneficial to the community and to the overall project. These projects are being creative within the existing limitations of the ecosystem and technology. To list a few:

Contests There are contests for unique NFT and physical prizes that qualify participation by verifying ownership of project NFT’s. Recently I saw an NFT that if burned gives you a new Yamaha motorcycle. There was one winner, but it was an exclusive reward making a real-world benefit very much available.

Access I’ve seen discord setup so that access to specific contest channels in the server require ownership of the NFT. The NFT becomes your pass to exclusive content.

Collect The goal is to buy and complete a set of NFT’s and then as a reward you earn a rare, unique NFT.

Burn and Mint New NFT This takes the collect use case to another level as it allows you to combine two common cards and burn them into a rarer NFT while increasing the scarcity of other instances of the burned NFT’s.

Comic Book Projects are looking to create digital comic series based on the content they have created, improving their brand, creating a backstory, and ideally this would drive NFT demand within their project.

Access to Live Events Projects have begun granting access to live events if you can verify ownership. This type of reward starts to feel like your part of an exclusive club. In some cases, projects will verify a collector score that qualifies you for these more exceptional rewards.

Creators deserve credit for attempting to add utility in such innovative ways. With all of this, it still feels something more is needed from and for these communities. There is still a sense of limitation of what you can do with the tokens. Some NFT’s will stand on their own as simply visual art. Others will make you feel part of an exclusive club. I don’t want to diminish these cases, but they tend towards exclusivity. While the sense of belonging to an exclusive club is super exciting, in many cases it is also unobtainable for the average NFT collector. Only the most savvy, lucky and early adopters have achieved this status. It all becomes more accessible when using NFT’s is fun, social and that enable massive interactions. Some projects have begun promising a game with the content that is created and investing in the development. I think this is one of the ultimate use cases. However, it is not a simple task. There is great opportunity for new gaming innovation in tandem with the great content being released. Dapper Labs with their licensed NBA Topshot product has promised such a product, and they certainly have the funding to deliver. Smaller projects will be more challenged, and we hope to meet this need through a customizable metaverse that is first a game, and second a 3D environment for NFT’s.

Metaverse

In one of our recent discussions internally developing Genesis, Jen Dalby, COO at GAME Credits, mentioned the use case of making our Genesis worlds available to these communities and offering them their own metaverse. We had always centered on a very democratized approach to this metaverse. We envisioned anyone or any project would be enabled to create a world of their own, and any individual could join one or more communities that had their own metaverses. But this time, when Jen mentioned it, the possibilities clicked for me even further, probably because I was dabbling in buying these generative NFTs while in the back of my mind evaluating what I get out of ownership. For each community, our intent and hope is that creating this metaverse will be as simple and streamlined as starting a new Discord server.  It can be configured and setup the way you want it to support your gaming and social goals. Using quests, events, land ownership and having it scale to the size of your project. On top of that, the possibility of world-to-world interactions, partnerships and events is quite exciting. For example, maybe in the future we setup a world-spanning Olympics where community members from many different projects come and participate in fun party or sports games. The generative NFT’s in combination with a fully functional and customizable metaverse, creates endless possibilities of new social games, where these NFT’s maintain their current use cases, while adding another dimension enabling them to be in-game content.

In considering this, some questions might arise about the process, how do you get your Genesis world started. It’s early on, but we are setting up the economics for this very thing. We encourage you to get involved and be a part. Some of you might remember what it was like when Ethereum caught on and the number of new projects and ideas that erupted was staggering. We see Genesis as the Ethereum of metaverses in the sense that anyone can bring their content and community and begin to develop a social game that is tailored to the goals of their community. Our goal with the genesis token is to essentially fund and drive the development of individual worlds. World share sales will help fund global development of tools, the basic questing system, and 3D clients on multiple platforms. Land sales for an individual world will help drive specific world development and customization (similar to how Ethereum allowed you to mint a custom ERC20 token and start your own project, we are allowing communities to take advantage of land sales to help fund and develop their own metaverse).

How I Entered the Cryptoverse

An Origin Story by Jason Cassidy

Each person who spends any amount of appreciable time in the blockchain industry often has a unique story to tell. The path they have walked to lead them down the rabbit hole that is cryptocurrency  is often filled with euphoric highs and cavernous lows – Such is the life of a cryptonaut.

My story is no exception at all and today I shall share some of it with you. The journey begins back in the year 2012 when I was working at BlackBerry HQ in Waterloo, Ontario, Canada. At the time, BlackBerry was still the king of the smartphone industry however they were quickly ceding ground to Apple’s consumer-friendly IPhone. Seeing the writing on the wall I decided it was time to make a career change.

By the summer of 2012 I had been given my severance package and was a ‘free agent’. I took the next six months to take stock of my life and the direction I wanted to take it in next. It was not too long after this that I was introduced to Bitcoin via a friend who had heard about it from yet another mutual friend. Within minutes of hearing the loose details of what Bitcoin represented I found myself enthralled in the concept and ran downstairs to my PC to do further research. Several months of investigation later I made the leap and purchased my first bitcoins at $50 CAD each.

Things accelerated from this point and by the time the summer of 2013 had rolled around I had formed my company Crypto Consultant, the 1st consultancy in Canada to exclusively focus on Bitcoin and blockchain. My good friend who initially introduced me to Bitcon, James Gonzalex, joined me on this new venture. It became instantly apparent that this was going to be a very big opportunity and we had to be ready to take on the mounting exposure and interest percolating around the fledgling currency and protocol.

Fast forward many years later and my journey has taken me to virtually every nook and cranny of the cryptocurrency industry. From helping setup exchanges, helping create currencies, advising world governments on laws and regulations, filming events and speaking on stage to today where I am part of the first gaming cryptocurrency in history at GAME Credits. 

In the present day, it is fair to say that 2021 is the Year of the NFT. The non-fungible token revolution has taken the entire planet by storm and in many cases has greatly outshone the fungible space completely. Part of the path I have walked in the blockchain world lead me to understanding what NFT’s were back in 2014 when Bitcoin attempted to create them via the colored coin protocol. The World and the Bitcoin network were not quite ready for NFT’s going prime time so the concept was more or less shelved for the better part of five years. 

It was in early 2018 that I heard the first rumblings of NFT’s again, this time in the form of a new standard that existed on the Ethereum network. When I began my career in cryptocurrency, Ethereum did not yet exist however by the time 2018 rolled around it had become the second most dominant crypto on the planet. Introducing the ERC-721 and ERC-1155 standards truly opened up a new dimension of possibilities for art, gaming assets, music, collectibles and virtually anything else that exists in our universe. It did not take long for me to identify that this was blockchain’s second attempt to create non-fungible tokens – and this time it was going to work. I quickly shifted my entire career’s focus in the industry from the fungible side directly over into the non-fungible realm, which was extremely young and nascent. 

What a breath of fresh air it was – to have a new set of technology standards, new use cases, new possibilities and new faces to work with. We all had one thing in common – we loved NFT’s and the freedom it gave us to express ourselves in a way fungible tokens simply could never offer us.

Today I find myself in the middle of something truly special indeed. At GAME Credits we have fully embraced the NFT revolution and have built a platform that supports the creation, buying and selling as well as full monetization of any type of NFT. What is more, Game Credits is creating a virtual playground in the form of our own Metaverse called Genesis Worlds. 

The Metaverse is the final destination for NFT’s of all types and serves as a utility layer, allowing the owners of the NFT’s to make use of them instead of simply looking at their collection in their digital wallet. Now, the NFT’s come to life and begin to truly show their potential. Metaverses are virtual worlds where one can engage in business, entertainment or leisure by experiencing the world as your virtual self via an avatar. If you have played Second Life in the past, think of a Metaverse as the next evolution of what Second Life introduced without the benefit of a blockchain multiplied by the factor of x 1000.

This is the next step in the evolution of blockchain and I am beyond excited to be a part of this story. And this is always where my story ends, for now. Each day I get up I add to this story and one can feel the accelerating speed the industry is now moving at. I encourage everyone to take a deeper look at both NFT’s and the Metaverse, including Genesis Worlds. What you will be experiencing is truly the next frontier of the digital age, so hold on tight. 

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