Amazing piece by Loki
So let me break this down 1 by 1 and how it pertains to us building the Largest Aligned Gaming Platform in the world via.
@hytopia
The one nobody cares to mention 👍
1. Migration to
@base
It's very clear where most on-chain activity is leading. Coinbase dominating the onboarding of Traditional Finance and Base attempting to become the on-chain marketplace activity is becoming skewed towards Base at a level not before seen
Hytopia moved there for this exact reason. Royalties are gone, nor were they ever a means of business. Sure they kept the teams afloat but unless you are doing wild volume it's all GG from there.
2. End of Royalties
This met the team with some challenges. How do we move forward and become something that can achieve mass adoption. The longer you spend in this space the more you realize how big you really need to be in order to become profitable and grow. People still larp around that if 100K players you can hold tight. Sure, if you have 1 single dev you can but you must become global
So time to pivot and become a Gaming Platform of the Future
3. Roots of Misalignment
They aren't Minecraft and aren't even Hytale. Most see the blocky nature and think a cheap knockoff. Many moons ago when the SDK finally started to be built from scratch it was decided that hey we need to focus on where the action really is and that means two things:
1) Focus Mobile Browser (Entire world is becoming less PC Tower and more active) that means laptop, tablet, phone phone phone
2) Roblox dominates the market at $100B Market Cap and global gamers who numbers increase weakly. Catchy games that aren't grind intensive (This is simply a shifting demographic of the world) accept that or die in reality
So just to be clear Hytopia = Gaming Platform where you can spin up games/vibe code and launch. Get them out to players on a global scale as quickly as you can do that. Now allow those rails to operate through
@base which can handle millions/tens of millions of transactions a day.
Roblox confirms that graphics aren't the end all. The game-play, loops, ability to create quickly and test quicker are real winners. In a world where AI is going to equalize the playing field you need to be even 10-steps ahead of that. Most aren't and that will be their downfall
4. Why Hold Now
The Journey has changed. Most ponzi projects are just that... But look deeper into
@hytopia. See what
@0x_Something @Temptranquil @PhaxyHytopian @DannPetty @iamarkdev and the team are building. Although most are hesitant they are the only game that reached 1M Downloads and active 300K monthly players all while showing the stats live. They aren't hiding, they are front and center (
mixpanel.com/public/XaDoxHR9…)
So why hold? Well, I'll bake that into (6 7) or I might include here
Hytopia realizes that for every 99 games gone there is 1 that can make it. But means taking care of scale. Tokenomics got changed to align with holders in a way that gives proper ownership.
$HYBUX becomes the operating system along with
$USDC allowing seamless purchasing while also adding pressure on the token daily. Big thing happening here if millions of transactions can occur daily as they do on other platforms
Secondly, (World other ecosystem ownership) give 15% Marketplace Fees 5% Secondary sales to all holders. You are no longer just an NFT... If the platform grows you grow
ie. If the platform does 1M in Marketplace sales then $150,000 get distributed to Holders of this project. Along with the devs making money and secondary sales if certain items are highly popular.
Now scale out 2-5 years. If a large audience can be captured, let's say $100M in Marketplace or even $1B... Then you are talking $15,000,000 - $150,000,000 getting paid to holders of this project. The VALUE PROP is beyond anything this space has ever seen.
6. Real Utility of NFT's
I think the Utility is in the eye of the beholder but in my opinion that means bottom-line... If a floor price is dropping you don't want it. If the project isn't a large flex why hold it?
But ownership? Scaled? That can be bought and sold? That is what this space has been all about
My only grievance with this space is continuing to not support the larder ecosystem. Nobody talks Hytopia which is fine. We continue to work hard to make our names known and that will continue to happen. Show some of the best growth in the space and nobody bats an eye... Again, early Amazon days where the world blinked and laughed all while Bezos was building the biggest brand alive. We got work to do, we will continue
And "Utility" doesn't really trigger until you can see flexible posts
- How much money was made from 1 single dev or team
- How much $$$ you get from holding a Hytopia world or 10 (Getting the 15% fee's as an owner)
You could even insert
$HYBUX for the new playbook
- HYBUX operates to pressure marketplace
- USDC Credit Card rails allows (Global $$$ Flow)
- Revenue flows back to ecosystem holders (15% 5% secondary fees)
- Foundation Collects > Distributes to creators, devs, gaming growth
- Alignment creates meaning
8. Not Everything is Lost
Not at all. I think Web3 is the hardest place in the world. This market was made as a product that didn't really need to happen
MetaVerse was a larped word through around to raise Billions by teams and cheers to them. But be honest, where are they now? Growing or dying? Building or Zombie Projects?
I think ownership will become more common, collectables will do the same. But only at the right stage. Some projects worth more than others
Others focusing on Global Audience of users in order to achieve their goals which proliferate the community. The early days are usually the ugliest but It's interesting when you zoom out. Where it all can end up
Can (Monetization Ownership Community Growth Alignment) = Holy Grail
I think that formula will soon be discovered. There are some teams taking legit stabs at the future. Some get more attention than others. Some get none, this is business.
But like Loki said, although we are 1,000's of rugs in. And although we see projects closing every other day, we really are only getting started.
This space will look very different next month, next year and several years down the line.
Stay Hungry, Stay Foolish ☺️