Interview With The GensoKishi Project On How They Reinvented Themselves On The Blockchain
December 23 2021 - 9:16AM
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2021 has been the year of DeFi, NFTs, the Metaverse, and GameFi,
these trends leverage the power of blockchain in an attempt to
provide users with new experiences. Together they have the
potential to transform billion-dollar industries and integrate them
with the digital economy. The first big game to break into the
mainstream was Axie Infinity with an innovative model that allows
players to receive rewards for the time, effort, and creativity
that are put into their games, called Play-To-Earn (P2E). Despite
its recent popularity, a lot of projects have been working on
integrating NFTs, the Metaverse, and creating a unique experience
for players around the world. In that sense, we sat down with the
team behind the popular game Elemental Knights that recently
launched GensoKishi a play-to-earn and GameFi model that will
revamp its mechanics and player experience. Available on Switch,
PlayStation 4, iPhone, and Android, GensoKishi is the first step
into a digital and P2E ecosystem supported by the blockchain and a
revolution that could advance the progress of Web3 into the hands
of the people. This is what they told us. The Metaverse is
one of the more ambitious ideas throughout the blockchain industry.
How have you managed to be this far ahead of the trend? Yes, as you
said metaverse is not easy and takes time to build. For us,
GENSOKISHI ONLINE -META WORLD-, is based on a 13 year old game
titled as “Elemental Knights” and has accumulated 8 million
downloads. It won the “Game Star Award Taiwan” in 2012 and we have
25k active monthly users. In-game messages are opened 80,000 times
a day. We think we’ve gotten this far because we
provide so much freedom for our users. This is an MMORPG so users
will tag-team with other players to clear missions and find rare
items. We have multiple worlds and continents where they can
explore. And you may imagine, this will be the base of the
metaverse. With communities=users, then GameFi/P2E with Web3.0 and
NFT to build a metaverse with our project. We are ready for it.
How does the in-game economy and user retention impact token
value, and how do you address these challenges? Yes like above I
mentioned, the game has 13 years experience on user community
building and branding. We’d like to invite all users including the
old fans and new coming users from the crypto world. There are two
tokens we are going to use at GENSOKISHI. We keep the governance
token (MV) valuable and also the price controlling of in-game
crypto: ROND is important too. We keep the “economics” ecosystem
running well in the game just like in real world to keep it steady.
So that our users could enjoy anything besides the RPG adventuring
in GENSOKISHI world. When will you do the LAND sale? What is LAND?
Thanks for asking. The LAND, which is a piece of MAP in the
GENSOKISHI world, as we announced, is acquirable only if you have
enough MV token staked, by an auction event to own. A LAND is a
certain area in the game you could do anything you want on it. Like
building your own castle(UGC function), put your favorite monsters
to beat other players, or use it as an advertisement for you or
your company. Other players if they want to get your rare NFTs they
have to pay some ROND token as a ticket into your LAND then start
playing. It will be the owners’ space so everything is possible.
Can you tell us more about what ‘UGC to earn’ means? Per the
words User Generated Content, UGC is an object such as
weapons/items/equipment or NPC (Non Player Characters) that users
with some MV token staked could have the rights to build on their
own. This would be an entirely new concept for a GameFi game. You
could just enjoy playing the game with the UGC or make it more
valuable and then sell it on the NFT markets. This is another P2E
(Play to Earn) style of GENSOKISHI. Are there any IP or
major companies entering the UGC space? Simply answering your
questions, YES! 😀 We already had some IP collaboration in Elemental
Knights, and will definitely do the same or even more
IP/Anime/Enterprises collaboration on the UGC part. It will be the
most interesting and profitable model. Can you give us more details
about the game and tell us about its world? First of all, it’s a
free to play game. Register using your social media account, and
boom, you can start playing instantly. No need for Metamask or
crypto knowledge to start playing. And the QUALITY. We are not
starting from scratch, we have an established base. To achieve the
level of quality we already have on hand, would take at least $30
million to make, in perhaps a span of 5 years. And like I
mentioned: The game design is top-notch, and when we say users can
generate their own content (UGC), we really mean it. The freedom
and detail in which you can generate content is what we’ve reached
after these years of brushing up Elemental Knights. You could tag
with many friends from all over the world, beat the super monsters
to get some really RARE NFT, then have it on sale on the market.
And there are also many worlds waiting for users to adventure, to
find the treasure (NF) or seek LAND to really own it. Furthermore,
as a metaverse project, it’s a free world. You could just make
friends and enjoy the events or create events. What does MV
token give to owners? Can you tell a bit about it’s design? MV
token is our governance token, built on the Polygon network. Users
will need to stake a certain amount of tokens to generate their own
unique original items, characters, worlds, and castles. As we’re
making this game into a DAO, voting rights will be given to holders
as well to decide in-game policies and the game’s ultimate future.
You can also stake it to earn in-game tokens ROND. Why did
you choose the Polygon network to base your game on? I myself am
also enjoying some other GameFi on Polygon and felt the
possibility: Speed and low-gas fee. Nowadays ETH is the most
popular blockchain but with the high gas fee it’s not suitable for
gaming. But people still love to trade on ETH, so as L2 of ETH,
Polygon resolved the issues of our GameFi team. Also Polygon has
the most active users on the market, so that’s the main reason we
choose Polygon as our partner. (Also we had built the official
partnership with Polygon Studio.) What are your grand future
plans for 2022? Thanks for asking. First I want to share that we
are going to have TrustPad as a launchpad platform partner running
IDO in Jan/2022, and also we’ll be releasing the 1st SUPER
RARE NFT auction. Except the IDO we aim for MV token listing on
some CEX/DEX, for more awareness and liquidity. Also for the UGC
feature and LAND auction we’ll be releasing after the official
launch in Aug/2022 but if possible would like to make it happen
even earlier. For global users we’re working hard on everything
that Elemental Knights never did. This would be very exciting and I
hope you could join us. Please explain in detail the
partnership with TrustPad and DefF launchpad association. We are
really excited and thankful for the partnership. We had a great
conversation with Trustpad and they are willing to help GENSOKISHI
gain more awareness in the EU/UK area, with the powerful Defi
launchpad association which is organized by lots of DeFi/GameFi
launchpad platforms to help do the marketing. I never thought of
such a great partnership but really appreciate it. We are going to
work harder on the project. With LOVE. Is there anything
else the community should know? GENSOKISHI ONLINE -META WORLD-‘s
Whitelist Lottery, which ran until December 19, was a huge success
with over 100K entries. As a gesture of appreciation to the
partnership with TrustPad and to the many people who participated
in the original Whitelist lottery, GENSOKISHI has announced a
second Whitelist lottery with a total value of $10,000. The
Whitelist lottery will end before the launch pad. The period during
which you can participate in the lottery starts on December 22,
21:00 (GMT+8) and ends until the launchpad announcement. Everyone
is encouraged to enter the second Whitelist lottery by clicking
here.
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