[AMA Recap] Discovering NFT, DAO & GameFi Opportunities in 2023
On Feb 15, 2023, For Metas hosted an in-depth AMA at the Fomoin community.
Fomoin is a digital marketing solution and one-stop incubation engine for blockchain startups.
This AMA assists Fomoin users to have a deeper understanding of the entire platform of For Metas and its future plan.
Today, we are honored to invite Stan [Director Marketing of FOR METAS] to do an AMA about FOR METAS. First of all, please allow me to express my warm welcome and heartfelt thanks to Stan!
Glad To See You here! Thanks for bringing us FOR METAS! I’m pretty sure that our AMA participants are very excited to learn more about FOR METAS, so let’s get started!
Here is the first question for you. Lets start with the introduction. What does For Metas do?
FOR METAS is building an aggregated application platform that provides a seamless and engaging entertainment experience for users. Our goal is to build a one-stop hub for users to gain access to various entertainment resources including but not limited to blockchain games, live streaming, social Dapp, metaverse and AR/VR within one platform in a fast, secured, permissionless, incentivized and decentralized way.
We aim to bring together specialists from many sectors to create Web3-native entertainment ecosystem! Gaming, streaming, and virtual life to create, listen to, watch, and play many forms of entertainment with us under the core tokenomics of $4MW.
For metas is a Web 3 gaming dapps. What are the difference from other gaming platform?
The content on For Metas platform is quite unique. We are the first one to integrate games, live streaming, social, Metaverse,AR/VR, and other features probably in the coming future.
Then nobody is building an aggregated web3 application like we do. If you find yourself dividing your time between your computer, your games console, your streaming application and your stereo. Then For Metas is definitely a place for you to go, all the best dapps for you to have fun let out your steam while having a chance to earn.
So coming to the earning part, most people might be interested in, you know, most gamefi projects. They have a really short life circle, and it’s more like a game of “Pass the Parcel”, needing constant inflow of users and funds to support the survival of the game. Though the traditional game with a millions downloads can suffer from this short-life problem and is kinda inevitable. In For Meta’s case, we’ll launch and incubate 10–20 games, and this means platform users can constantly have new experiences and we also solve the above problem by injecting vitality through new ones.
What is more, even For Metas game NFTs is recyclable, It allows users to use a single asset across the “borders” between multiple games. That is to say, one game asset can be used in another game, even across categories. In contrast with other NFTs that quickly lose its value after the “death”of the game, For Metas game NFTs have the potential to preserve or even appreciate in value.
What kinds of game is about to launch on For Metas?
There will be 5–6 different types of games launch on For Metas every year. Among them, there is a big production like Gloryland.
Of course, there are also some simple games for daily entertainment.
Since users have different preferences for game types, we need a feasible mechanism to regulate those games that are launched on For Metas. With this in mind, we will launch related governance NFTs in the future.
Would you consider governance by DAO? In which way?
We mentioned the governance of NFT in the last question. This is an important part of For Metas planning. As a Web3 based application platform, For Metas is also considering referring to some good project to design the top governance NFTs.
We hope to divide the rights and benefits of users through different NFTs. For example, users who hold platform governance rights NFT can participate in the platform’s DAO governance, vote for which games can be launched on For Metas, and enjoy platform revenue sharing and so on. For another example, users who hold the NFT of game governance rights can have the right to propose the game, and enjoy the game’s dividends, the highest level of VIP benefits in the game, and so on. Of course, all this is still in the conception stage and has not yet been implemented.
What is the next plan in coming months?
The first big game, Gloryland, continues its open beta. Interested friends can participate here: ForMetas Tutorial | How to join the beta version of Gloryland? | by For Metas Official | Jan, 2023 | Medium
In addition, For Metas will launch a variety of mini-games one after another to meet the needs of players.
In addition, as a top priority, For Metas will launch a series of governance NFTs to lay a solid foundation for the future ecosystem.
That’s the wraps up of our first part of the AMA session
Thank you very much Stan [Director Marketing of FOR METAS] for the great answer.
Now moving to our Twitter Segment
1.Collaborations and partnerships are some of the most important cornerstones to help improve adoption. Could you please tell us about the current partners, plans for partnerships and what everybody stands to gain from these partnerships?
Our team has many blockchain and game partnerships and communities in East and Southeast Asia, such as COCOS-BCX, LINK3, EthereumFair, Mail3,etc. These relationships come from our team members’ past experience and network accumulation in the industry.
We will carry out in-depth cooperation with these partners, such as holding some activities and so on. Users will benefit from these collaborations.
2. How this project can survive in the current crypto market competition?
Although the cryptocurrency industry is highly competitive, I have great confidence in our team. Because we have a very strong social network and resources. At the same time, we have many years of experience in this industry. We have excellent team members and partners who understand the market and the future of the industry.
What we need to do now is to lay a solid foundation to allow more web2 users to enter the world of blockchain games. When the trend comes, For Metas will naturally be the high-quality platform that attracts everyone’s attention.
3. Many projects start with inexperienced team members and some of them don’t go well because of mistakes. How was the experience and background of the your team effective in project success? And how are you going to instill trust in your user base, since the team is anonymous?
Behind the For Metas project is my team, our team was born with a mission to create a leading web3 application ecosystem and has many blockchain and game partnerships and communities in East and Southeast Asia, such as COCOS-BCX, LINK3, EthereumFair, Mail3 and sure, Fomoin as well. You can check in our discord channel #partnerships under LEARN FOR METAS IN MINS.
Team members of For Metas have been working in the entertainment industry for years, covering the space of games, movies, and high tech companies. For Metas has also received millions of funds in its seed round from well-known individual & institutional investors, we will disclose the detailed information at a certain stage. This investment will enable For Metas to develop and grow while adding more valuable changes to the entertainment industry across a longer time expectancy.
Our team has more than 6 years of operating experience in the encryption industry, so we have a lot of resources in the industry. Also because we have experienced bull markets and bear markets many times, we know very well what the market is like and what kind of things should be done at what stage. This is very important for a new project.
In which ways do you generate revenue/profit? So many projects just like to speak about the “long-term vision and mission” but what are your short terms objectives? What are you focusing right now?
Yes, many projects like to talk about the long-term future. For Metas is different. In addition to long-term and sustainable planning in the future, we also focus on the current benefits of users.
For example, what is the use of game NFT besides playing games? Holding this NFT can mine $4mw tokens every day in exchange for income.
Also, unlike other GameFi, For Metas has a new P2E model. Interested friends can read this article carefully:What are the highlights and advantages of For Metas Platfrom? | by For Metas Official | Feb, 2023 | Medium
I believe that after you finish reading, you will have some new and different understandings of the entire blockchain game industry.