Community AMA #9 / April 11

Roman:
Hey all!

Wit*:
Shall we have a little chat?

I see some questions this morning already…

“Well , project slowed down for last month… no new general updates…”

Yes, there has no major updates in the past weeks. This is something that we have signaled during the last Community Hour. Due to the war in Europe a part of the team has been partially involved in helping some refugees & family.
Nevertheless, the things are picking up pace again — you shall see more progress in the coming weeks.

The team has a small size. It has been our advantage in the past to be fast. However, it has also certain limitations. In that sense we are working on scaling our human resources (especially development) and also exploring ways (and resources) to upgrade our business development (incl. marketing).

There is a myriad of information that we cannot simply share publicly when things are just half-baked 😊, Especially when it comes to partnerships, for example

So bear with us, if it seems like things are slow 👀😅

Past weeks have been full of conversations and negotiations with potential partners and investors. Some new partnerships are slowly emerging — you shall be able to see news soon. When dealing with bigger projects, such announcements and preparations take time, it does not always depend on us.

One of our focus topics in business development has been building contacts to EVMs and negotiating potential partnerships. This is also one of our approaches for marketing of MV and also for building contacts to different NFT communities and creators. These things take time, but we are gradually progressing :-)

Roman:
On dev side, we had issues to upgrade the bridge to support semifungible tokens (the ones used for our minting) so that the minted stuff can be directly bridges to all the supported networks. The minting smart contracts are ready and the backend is being tested now. Afterwards it’s finishing the UI before going live. The pace was hit in March for several reasons, but, as Wit said, we are getting back on track!

Daniel:
Are there plans to use the Callisto network structure? So far the other partners were to reach more users. But with Callisto we have a good network to use besides binance.

Wit:
We are actively engaging with Callisto Team and discussing several things. You shall hear more news on this very soon.

Roman:
The cheap gas fees on Callisto surely open some possibilities in game concepts that were discarded before due to high fees. Callisto might be a good option to explore such concepts.

Pike:
Hello everyone, its good to see you again in the chat, I hope everyones family is safe.. Im going to group few questions not to take too much of a chat:
1. plans for staking? We all know its super important and right now we have one of the worst out there :).
2. Other big exchanges ( other than binance)
3. new games?
4. Where do you see Gat network in a year from now?

Roman:
The staking is on the roadmap and should launch shortly after minting. Right now there is no sense to do staking as long as we do not have any sensible fees to collect and distribute to the stakers.

Wit:
3. we will bring out new GameAce games. Regarding P2E blockchain gaming, we would rather explore ways to improve the current games in the near future

4. A year from now, that’s tough. NFT space is evolving very rapidly, it is insanely dynamic. What I can surely say is this: we want be part of those who shape the future and the landscape of NFTs. In this regard the Minted Vodka NFT platform will remain our principal focus.

There are too many innovative NFT tools for trading, creation, collaboration, etc. that we want to build and explore how it can help creators and users do more fun things with NFTs. It gets even more exciting if these services can be connected to gaming and entertainment! In any case: these are exciting times!

Pike:
One thing i love about you guys is that so far you kept staying ahead of the competition with innovations, that needs to be the case in the future

Wit:
a certain creativity in technological matters has been always our strength. However, that is not all. Business development and traction (bringing those innovations to market) has proven to be at least as much important. These areas is where we are learning fast and that pose the major challenges. However, we are building our own network of advisors, mentors, partners etc. who help us to get ahead in these matter

Pike:
Yes execution of those ideas is the most important step but with Binance on board im sire you have a lot of smart people on a speed dial..

Some of the things from the road map fell behind due to unforeseen circumstances, what are the priorities right now?

Wit:
The priorities are indeed to get stuff built. At the same time we do need development resources to prepare on-boarding of new developers as well. In a way it slows us down a bit, but allows us to have more developers in the future. As the product(s) grow in complexity, we will need more devs . This is something we work on and where we see potential bottlenecks that we try to tackle.

Furthermore, we need to bring users to the platform to actually use the features that come out. This is where marketing/business-development comes into play. In this area we will most certainly also rely on partnering with a few EVMs to use their reach and contacts. This will allow us to be more effective with our resources. Ways to collaborate are being explored. We have certainly learned a lot about what works and what does not in the last 12 months.

Daniel:
I think there has to be a bigger incentive to bring users to the network. All those opensea copies failed. Projects still deploy on eth instead of cheaper chains.
And to increase the Userbase with gaming has proven to be the right way.
So I hope that the arena especially will get some tweaks, after mv2 is in a good working state

Daniel:
Are you looking for devs that can spend some time on the already developed games. I think the arena would greatly improve with lower fees as well. And a few tweaks here and there to keep the community active

Roman:
Perosnally, I would love to continue on the gaming side of the network. MV minting and partnerships need to be tackled first, however, one year from now on I definitely see more games in our portfolio

Wit:
By the way, I think GAT token will be a year old, soon. @romangat , do you remember which date it was launched ?

Roman:
Officially, it was somewhere about mid May.
but the first project has been announced end of March

AlchemyToys has been “public” for over a year now 🙂

Fabrizio:
Yes…. And some are still here

Wit*:
MV and Alchemy games can push traction for each other. Mechanisms will be in place to make all these projects attractive. MV is part of the vision to improve the “E” in P2E 😉

wrydais:
About our token’s image display in Token Pocket, can we apply now? I think holder is enough

I will have a look about what our latest communication there was.

Wrydais:
found one of the application before

https://github.com/trustwallet/assets/pull/12411

Daniel:
Do you have any eta (+- 2minth) when mv is almost feature complete?
Is it summer winter or next year?

Wit:
Well, there is a public roadmap that shows our approximate aims for certain features ( https://gat.network/ ) . These are the ones that we have announced publicly. However, I think MV will always be developing features. This is the only way to move forward in the dynamic world of NFTs. Nobody knows how it will look like in 1–2 years. Some features will be more used, others less. New ideas and circumstances on the market will arise — we may launch other features then. So it should be constantly evolving.

In my opinion the most important next step on MV is minting. This is where the platform becomes much more powerful and usable to the users.

And this feature also opens up a series of possible business development and marketing opportnities

So it is our main focus right now.

Daniel:
Is there a reason why the webpage still points to mv1?

Wit*:
No real reason, we have not upgraded the links in Alchemy Toys yet. It will be done in the coming days. I think we will then adjust everything in one go

Roman:
Yeah, change in AlchemyToys is still on my list 🙈

Pike:
Any plans adding dex to your portfolio? Having cross chain infrastructure in place i think that would be a good addition to your services…

Wit:
You mean a DEX for coins. Not yet, to be honest. There are a lot of DEXs out there — these are the first things that appear on any chain. There are people and teams who are exclusively dedicated to such technology. It doe not make sense to compete against them, to be honest

Peter:
Another thing to mention is we’re planning a new shopping spree…we’ll officially announce it soon. The shopping spree will be on Minted Vodka of course, and we’ll be buying some NFTs…but we are also in discussion with other chains.

Telos has also committed to join the shopping spree to specifically buy NFTs listed on the Telos network at the same time.

I am just waiting for confirmation from another chain to also buy NFTs on their chain at the same time as well.

The second chain is showing a lot of interest, but just haven’t confirmed how much they’ll spend yet.

The shopping spree will be on Thursday 21st April. :)

Of course if you want to list NFTs or know people who want to list NFTs then they’re welcome to come and join us with a chance to take part.

And don’t forget, as MV2 is non-escrow they can list here, even if they’re listed on other (non-escrow) marketplaces!

Daniel:
Would it be possible to change the last open arena a bit? Get rid of the high random chance for example. With XP so cheap, the community could play a bit besides just waiting

Or at least get rid of the closed arenas. Has a weird look for new players to have those dead arenas open.

Roman:
I did not want to remove the closed arenas as long as there are hands staked. The hand owners would not be able to unsatke the hands

Wrydais:
Maybe we can create an archive arena pages

Top Gun:
Excuse me IF THIS QUESTION REPEAT, HAS THE COMPLETE GAT TO GATE CONVERTER?

Wit*:
Indeed, there is a converter you can already use: https://legacy.minted.vodka/tools/wgat , There will be an upgraded version of it later on the new MV user interface. But essentially you get the same result: swap GAT <-> GATe in both directions

Wrydais:
Do we have an easier way to apply verification of NFT collection ?

Many of them still not verify

Pete:
I will check through the document again later today.
Sometimes it is difficult if all the fields are not completed.

Roman:
For that purpose it is important to establish ownership of the collection. We are figuring out how the process should look like (like, for example, the owner wallet that deployed the contract). And it is not always the case that the owner and deployer are the same

Pete:
The most important thing I need to find to verify a collection is an official page that clearly states the contract, or at least some official links to their NFTs
And most sites don’t think to list their NFT collection contracts

Wit*:
Yes, please make sure to let us know of your favorite NFT collections (as detailed as possible). We would love to verify them!

Wit:
Any more comments, feedback, questions ?

OphirNoor:
What are the best benefits of being part of Binance LAB (beside the funds)?

Peter:
Connections to other projects! :)

Wit:
It is the network and the help of the mentors! They know everybody in the industry. Usually we just need to ping them and ask “Do you know XYZ, we would like to have a chat”

Peter:
It also adds a lot of credibility when discussing your project with others.

OphirNoor:
This is great! Quite hepful

Wit:
As part of the Binance family, we basically have a “hotline” to ask for contacts (and other topics)

OphirNoor:
And of course also credibility and visibility

Wow, the best of the best is being delivered then.. 😃

Blee!:
Any News about MVB?

Wit:
it is a slightly more “light” incubation as compared to Binance Labs. We will see how it advances. There are no biggies to share there yet

Wit*:
Ok everybody, we will get back to work then. Thank you for joining us today and for your support!

Daniel:
But I don’t get why they haven’t listed gat yet. The platform is full of crap, and they already work with you. So something must be blocking the listing

Wit*:
A matter of time, I guess. The rules of listing have become dramatically more strict in the recent months. We BUIDL, everything else follows 😉

OphirNoor:
Thanks a lot for your precious time 🤗