Guests:Amy Wu From FTX
Compilation: TechFlow Intern
Compilation: TechFlow Intern
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Amy Wu Personal
textBefore she came into contact with cryptocurrency, she mainly dealt with game companies.
She has been researching games as an investor since she was at Insight Capital (the largest shareholder of Jagex, the well-known online game Runescape). Her experience at global media company Discovery also introduced her to esports. During her time at Lightspeed, she was exposed to more games, such as Fortnite. Later, at the invitation of her friend Paul from Pantera Capital, she started getting involved with cryptocurrencies as an angel investor. After a while, she became a partner at Lightspeed.
textAmy's vision for FTX Game Studio:The main positioning of FTX Game Studio is to cooperate with game companies as their technical partners to help them develop games that incorporate blockchain technology: for example, to help companies integrate NFT into their games.The biggest advantage of FTX is that they can solve the legal compliance problems of encrypted wallets in different countries.
As a global exchange, FTX can free gaming companies from regulatory concerns.
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FTX for Web3 Gaming
How FTX can help game companies enter Web3 and NFT?
Amy said that most of the regulations revolve around transactions between fiat currencies and cryptocurrencies, which is also a very important part of the crypto game. FTX has regulatory approvals to conduct such transactions in many regions of the world, and this global network will be very helpful for gaming companies.
Why does Amy think crypto games are the next form of the "free-to-play" game model?
Many of today's most popular games are free to play, such as League of Legends. The monetization model of these games involves more or less in-game purchases, whether players buy skins, weapons or collectibles. The "Play-to-earn" model simply opens up the market for in-game items and gives players greater freedom to come and go, trade or exchange the fruits of their in-game efforts.
textWhat should Web2 gaming companies do as they transition to Web3?It is very important to keep the game playable, and the player experience should be the first priority.
Game companies doing NFT pre-sales can start to cultivate the player community before the game is officially released, but the development team cannot be distracted by NFT pre-sales, and developing an overall excellent game is still their main task.
textWhy is there so much opposition to traditional companies incorporating NFTs?Gamers understand the value of digital assets earlier than others because they have the experience of buying/exchanging in-game items. But many players are disgusted with NFT
, Amy feels that many players think that NFT is just a new trick used by game companies to cheat money, while some players don’t understand cryptocurrencies at all. They think that cryptocurrencies and NFT will definitely destroy the environment. However, she added that most of the negative reviews come from a small group of particularly disgruntled players who may be complaining while still playing the game as usual.
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SBF has said that the $400 million raised in January will be mainly used for mergers and acquisitions. FTX looks forward to expanding use cases and exploring blockchain technology by collaborating with other innovators.
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Amy Wu's views on Layer1, Yuga Labs and investment
Why does Amy think that the Layer 1 war will only end with a few victory chains?
There are currently too many L1 chains on the market, each with its own investors, tokens, and communities. She believes all of this is unsustainable, and ultimately, only the L1 with the best developers, best community, and best apps will stay.
What is Amy's role as a board member of Apecoin DAO?
She just helps the community to do some basic planning and guidance, and the daily affairs are left to the core contributors of APE DAO. She said that many times she was just doing the right thing as a board member, such as preventing some selfish people from messing up the direction, and trying to protect the interests of all community members.
textAmy's thoughts on APE and Yuga Labs?
1. She thinks the APE community is great, and the founders work hard and have clear goals.2. She thinks Bored Apes Yacht Club will be the Disney of this generation:
A brand with many potentially influential IPs. And Yuga Labs, the parent company behind the Ape brand, has a unique vision in the way games are built in virtual worlds.
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