Been developing & studying Crypto gaming economies for over 3 years now. Lots of narratives come and go and yet the fundamentals are still being developed. Probably the industry lacks a common metric to use. Real economies use GDP. Maybe Crypto Gaming should do the same? But how?
GDP or Gross Domestic PRODUCT focuses its calculation on assets. Why? Because people spend their hard earned money to purchase assets to consume or invest.
You can't eat fiat. You use it to purchase food to get nutrients for your body. This is called Consumption. You can't start a business with just fiat. You need to purchase equipment to help you be productive and launch you business. This is called Investment.
Crypto Gaming right now is mostly focused on the latter-Investments. NFTs are designed to appreciate in value or to be used as a way to interact with an ecosystem. That is an essential, but volatile, part of the economy.
What's missing is the Consumption part of the economy, where the stability often comes from as this gives a baseline spending for the ecosystem. But because Crypto Gaming happens in a digital environment, the natural reason to consume is not present (i.e. digital avatars do not get hungry).
Devs ideally should be able to design these consumptive sinks in a way that it makes sense for users to spend as part of the gameplay. Law of equivalent exchange. You need to put something in for a chance at getting something more than just entertainment.
Some good examples that can be seen at @Ronin_Network:
A bit unfair because Ragnarok is already an existing game improved with Web3 systems, but @ROL_Genesis focuses on an asset ecosystem. Lots of consumptive sinks to improve your in-game assets are implemented where those that get lucky are able to acquire rare items that are useful in battle. Those with less fortune but a large wallet can just opt to buy those assets on the secondary market.
Another Ronin game is @SabongSaga. Chickens can die in battle, making it an automatic gameplay-related sink that burns NFT supply. Users are then encouraged to spend on items that would prevent such an outcome, but are not forced to do so if they think that Takipsilim won't come for their chicken that day. Spending also comes in the form of small asset purchases crafted by the community that help boost the stat of your chicken in battle.
One example over at @AbstractChain would be @YieldGuild's @LOLLandGame. A bit different from the earlier examples, consumption in this game comes in the form of purchasing additional rolls to continue playing the game. LoL Land has free rolls so anyone can get started, but those that want to ape in would need to spend. This model works for their audience as they recently reported $176K daily revenue earlier this month.
While there are more Crypto Games out there that also have cool consumptive economic loops (like Cambria and Fishing Frenzy), I chose to highlight these three because of the different ways these projects have designed consumptive spend in their games (and because of their ties to the 🇵🇭).
The key to creating an industry standard metric is to first understand each ingredient in the recipe. While most Crypto Gaming users already understand the investment angle of NFTs, the consumptive side is often overlooked.
Hopefully one day we look past just token price when we evaluate projects and look at their GDP instead.
Play to earn is not gone. We just have to go back to basics like 2020.
You earn as long as someone is willing to buy your items or cosmetics that you worked hard to grind and upgrade.
Cash prize pools with leaderboards work too.
If you release a token it has to work like a stock and accrue value from what you are building and only then you can distribute those tokens as rewards.
Congratulations to our co-founders Gelo Wong (@gelowongg) and Raphael Sevilla (@raphsevi) on making the Forbes 30 Under 30 Asia list.
From the first government deployment in the Philippines to legislation on public fund integrity.
The work got them here.
GM GM! Turned my $1.9 to $8.6 on a random @GetVoltGG rip this morning.
Fun stuff! ⚡️
Gonna try out the new Pokemon Tokyo Treasures pack which contains tons of Japanese singles & sealed products later!
Want to try Volt? Comment your fave Pokemon & I'll send $5 to 2 of you!
Fake news isn't just a media problem. It's a records problem.
When documents can be altered without a trace, everything becomes a claim.
@LumenSuite makes records self-proving. Alteration becomes immediately visible.
🌐https://t.co/a9SHUPXDDF
Weekend project that’s taken on a life of its own:
🏡 AgentBNB 🏘️
https://t.co/7SavM9DDyU
Operate the complete digital stack of AirBNB-style properties with an AI Agent.
STORY!
(Scroll on if you want to go straight to features)
My wife, a licensed interior designer, renovated a old clan-owned vacation pool house just out of our city— because of some experience I have in hospitality, it led to my involvement to setup operations so the pool house could take paying guests when unused. The family could always reject guests and use the system to lend to friends and wider family.
Having been doing AI Agentic building actively since last year, and being familiar with the hospitality operations stack, I toyed with the idea if I could forego using my time to operate the digital aspects and delay hiring by setting up agent to do as much of it as possible.
Using sleepless paternity-leave evenings, I was able to confidently get to an almost fully agentic digital stack for the property — and now I’m just adding more as i go.
The property has since had its first guests, and inquiries tricking in!
Total digital upkeep cost so far (minus small amount of my time to guide the agent to be extra sure) 👉 $50/mo (so far!)
I thought this could be so helpful for others, and have gotten inquiry interest from friends and family I’ve shared to— thus AgentBNB was born!
Im publishing the stack as open source, so anyone with some technical ability can contribute, fork, and build it for themselves or family.
And for those who want curated setup with me, I’m accepting select paid implementation (friends and family priority!)
AgentBNB OVERVIEW 🏡
What comes with the AgentBNB setup (and growing):
1️⃣ Customized AI Agent (built on OpenClaw) who can handle complete digital stack of your property:
👉 own website management
👉 complete inquiry-guest communication
👉 booking management and progression
👉 paid ads, caretaker briefing, property and business system of record
2️⃣ System of Record Framework
A framework the agent can manage for keeping key information of your property filed and up to date: amenities, property features, location info, competitors, business info, guest scripts, operation guides for on ground staff, property photos, review data
👉 this keeps your agent and you/staff always up to date for operation
3️⃣ White Label Site
A white-labeled version of the site I made that you can retrofit (agent can also do this) to your property— with all the bells and whistles I’ve made on it that work with the agent, or human admin
👉 beautiful single scroll landing page
👉 reservations/booking calendar with price estimates
👉 dynamic pricing tied back to the agent and system of record— the agent updates this accounts for holidays, seasonality, etc based on site location
👉 clean and lean admin dashboard with reservations approval step, accepted bookings with notes for caretaker handoff, calendar overview of reservations
4️⃣ Harnesses
These are modular practical skills I’ve made that the agent can do for any property. It’s made as a harness so user has control of tweaking frequency or other details without messing up core operations.
I currently have a few in testing, right now what’s available is the MARKET PRICING HARNESS
👉 when used, the agent will do a relevant competitor (compset) check, in a radius around your property. It accounts for your property amenities against them. Checks their pricing and positioning — and finally, recommends to you pricing adjustments for your property based on all this information
👉 more harnesses soon.
If you’ve read this far. WOW. Thank you I had so much fun making this and continue to develop it on the side.
AgentBNB has an open source repo, find it here and explore setting it up for yourself or your family! (Star it!)
And for those who want curated setup with me, I’m accepting select paid implementation (friends and family priority!)
We have one more collab for @sillykittiesco coming very soon.
This one goes bigger.
Digital assets inside a web3 game, claimable through merch, with a larger coffee shop backed by a well known PH influencer with 400k followers on IG.
After this, we are pausing IRL collabs for a bit.
Not because they are not effective. The opposite.
They are too effective.
I already understand how to pitch to businesses and make these collabs happen.
We need to put the right systems in place to fully capture the attention and convert it into revenue.
When a customer from these collabs asks me where can I buy more merch and all I have is "coming soon", then something is missing right?
The most important thing in startups is making small pivots within a short period of time, this is one of those small pivots.
Bullish! 🚀
I'm a Shinji Kanda Collector and this @GetVoltGG Mystery Pack is perfect for me. Got a Shinji's Magneton illustration on my first pull.
TCG is the perfect RWA to tokenize
The result is a sector that expanded rapidly on speculative demand and contracted just as quickly when that demand faded. More than 300 blockchain games have shut down, according to DappRadar, and remaining investment has shifted away from titles toward infrastructure.
https://t.co/eBdWqBifMD
One of the most interesting aspects of Axie, that's seen nowhere else in the space.
The lvl 60 Axie floor sits at 35$. The normal Axie floor sits at 60 cents.
That means by leveling up an Axie, you can increase it's value by 5733.33%
These can be created with time, effort, and bAXS.
The beauty of dynamic NFTs that can be improved as you play with them.
Few understand this but it will become increasingly important over time.
So I found out that there is an academic field of study called video game studies. Its like visual arts / fine arts but analyzing video games instead.
I might be headed for a career shift 🤣
Compliance failures have a common root. Most audit systems were never built for the environment institutions operate in today.
Audit 3.0 is the framework for what comes next — a litepaper by our Co-Founder and CEO, Paul G. Soliman. @heypaulroots
Read the Audit 3.0 Litepaper👇