Analysis

Interview With The GensoKishi Project On How They Reinvented Themselves On The Blockchain

2021 has been the yr of DeFi, NFTs, the Metaverse, and GameFi, these traits leverage the ability of blockchain in an try to supply customers with new experiences. Together they’ve the potential to remodel billion-dollar industries and combine them with the digital financial system.

The first huge recreation to interrupt into the mainstream was Axie Infinity with an revolutionary mannequin that enables gamers to obtain rewards for the time, effort, and creativity which are put into their video games, known as Play-To-Earn (P2E).

Despite its latest reputation, plenty of tasks have been engaged on integrating NFTs, the Metaverse, and creating a novel expertise for gamers world wide. In that sense, we sat down with the workforce behind the favored recreation Elemental Knights that not too long ago launched GensoKishi a play-to-earn and GameFi mannequin that may revamp its mechanics and participant expertise.

Available on Switch, PlayStation 4, iPhone, and Android, GensoKishi is step one right into a digital and P2E ecosystem supported by the blockchain and a revolution that might advance the progress of Web3 into the fingers of the folks. This is what they advised us.

 

The Metaverse is without doubt one of the extra bold concepts all through the blockchain business. How have you ever managed to be this far forward of the pattern?

Yes, as you mentioned metaverse isn’t straightforward and takes time to construct. For us, GENSOKISHI ONLINE -META WORLD-, is predicated on a 13 yr outdated recreation titled as “Elemental Knights” and has gathered 8 million downloads. It received the “Game Star Award Taiwan” in 2012 and we have now 25k lively month-to-month customers. In-game messages are opened 80,000 occasions a day.  

We assume we’ve gotten this far as a result of we offer a lot freedom for our customers. This is an MMORPG so customers will tag-team with different gamers to clear missions and discover uncommon gadgets. We have a number of worlds and continents the place they’ll discover. And you could think about, this would be the base of the metaverse. With communities=customers, then GameFi/P2E with Web3.0 and NFT to construct a metaverse with our undertaking. We are prepared for it.

 

How does the in-game financial system and consumer retention impression token worth, and the way do you handle these challenges?

Yes like above I discussed, the sport has 13 years expertise on consumer group constructing and branding. We’d like to ask all customers together with the outdated followers and new coming customers from the crypto world. There are two tokens we’re going to use at GENSOKISHI. We maintain the governance token (MV) worthwhile and likewise the price controlling of in-game crypto: ROND is essential too. We maintain the “economics” ecosystem operating effectively within the recreation similar to in actual world to maintain it regular. So that our customers might take pleasure in something in addition to the RPG adventuring in GENSOKISHI world.

When will you do the LAND sale? What is LAND?

Thanks for asking. The LAND, which is a chunk of MAP within the GENSOKISHI world, as we introduced, is acquirable solely you probably have sufficient MV token staked, by an public sale occasion to personal. A LAND is a sure space within the recreation you could possibly do something you need on it. Like constructing your personal fortress(UGC perform), put your favourite monsters to beat different gamers, or use it as an commercial for you or your organization. Other gamers in the event that they need to get your uncommon NFTs they need to pay some ROND token as a ticket into your LAND then begin taking part in. It would be the house owners’ area so every little thing is feasible.

 

Can you inform us extra about what ‘UGC to earn’ means?

Per the phrases User Generated Content, UGC is an object reminiscent of weapons/gadgets/gear or NPC (Non Player Characters) that customers with some MV token staked might have the rights to construct on their very own. This could be a completely new idea for a GameFi recreation. You might simply take pleasure in taking part in the sport with the UGC or make it extra worthwhile after which promote it on the NFT markets. This is one other P2E (Play to Earn) model of GENSOKISHI.

 

Are there any IP or main firms coming into the UGC area?

Simply answering your questions, YES! 😀

We already had some IP collaboration in Elemental Knights, and will certainly do the identical or much more IP/Anime/Enterprises collaboration on the UGC half. It would be the most attention-grabbing and worthwhile mannequin.

Can you give us extra particulars concerning the recreation and inform us about its world?

First of all, it’s a free to play recreation. Register utilizing your social media account, and growth, you can begin taking part in immediately. No want for Metamask or crypto information to begin taking part in.

And the QUALITY. We aren’t ranging from scratch, we have now a longtime base. To obtain the extent of high quality we have already got readily available, would take no less than $30 million to make, in maybe a span of 5 years.

And like I discussed: The recreation design is top-notch, and once we say customers can generate their very own content material (UGC), we actually imply it. The freedom and element in which you’ll generate content material is what we’ve reached after these years of brushing up Elemental Knights.

You might tag with many associates from all around the world, beat the tremendous monsters to get some actually RARE NFT, then have it on sale on the market. And there are additionally many worlds ready for customers to journey, to seek out the treasure (NF) or search LAND to actually personal it. Furthermore, as a metaverse undertaking, it’s a free world. You might simply make associates and benefit from the occasions or create occasions.

 

What does MV token give to house owners? Can you inform a bit about it’s design?

MV token is our governance token, constructed on the Polygon community. Users might want to stake a certain quantity of tokens to generate their very own distinctive authentic gadgets, characters, worlds, and castles. As we’re making this recreation right into a DAO, voting rights might be given to holders as effectively to determine in-game insurance policies and the sport’s final future. You also can stake it to earn in-game tokens ROND.

 

Why did you select the Polygon community to base your recreation on?

I actually am additionally having fun with another GameFi on Polygon and felt the likelihood: Speed and low-gas charge. Nowadays ETH is the preferred blockchain however with the excessive gasoline charge it’s not appropriate for gaming. But folks nonetheless like to commerce on ETH, in order L2 of ETH, Polygon resolved the problems of our GameFi workforce. Also Polygon has essentially the most lively customers on the market, in order that’s the principle motive we select Polygon as our companion. (Also we had constructed the official partnership with Polygon Studio.)

 

What are your grand future plans for 2022?

Thanks for asking. First I need to share that we’re going to have TrustPad as a launchpad platform companion operating IDO in Jan/2022,  and likewise we’ll be releasing the first SUPER RARE NFT public sale. Except the IDO we goal for MV token itemizing on some CEX/DEX, for extra consciousness and liquidity. Also for the UGC function and LAND public sale we’ll be releasing after the official launch in Aug/2022 but when attainable want to make it occur even earlier.

For international customers we’re working onerous on every little thing that Elemental Knights by no means did. This could be very thrilling and I hope you could possibly be part of us.

 

Please clarify intimately the partnership with TrustPad and DefF launchpad affiliation.

We are actually excited and grateful for the partnership. We had an excellent dialog with Trustpad and they’re prepared to assist GENSOKISHI acquire extra consciousness within the EU/UK space, with the highly effective Defi launchpad affiliation which is organized by a lot of DeFi/GameFi launchpad platforms to assist do the advertising and marketing. I by no means considered such an excellent partnership however actually admire it. We are going to work tougher on the undertaking. With LOVE.

 

Is there anything the group ought to know?

GENSOKISHI ONLINE -META WORLD-‘s Whitelist Lottery, which ran till December 19, was an enormous success with over 100K entries.

As a gesture of appreciation to the partnership with TrustPad and to the many individuals who participated within the authentic Whitelist lottery, GENSOKISHI has introduced a second Whitelist lottery with a complete worth of $10,000.

The Whitelist lottery will finish earlier than the launch pad. The interval throughout which you’ll take part within the lottery begins on December 22, 21:00 (GMT+8) and ends till the launchpad announcement. Everyone is inspired to enter the second Whitelist lottery by clicking here.

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