There is a strong case to be made to focus a majority of our marketing, BD, and integration resources on a Blockchain Gaming vertical. These include:
We talk about being “ahead of the curve” with respect to crypto adoption, but there is a strong, and growing adoption of blockchain-based gaming. Besides DeFi, gaming is where the transactions are.
There is a clear and compelling FIO gaming story: domains as clans, crypto handles as gamer tags and usernames, mapping addresses to send and receive blockchain assets, using NFT signatures to secure those assets.
A multi-phase Gaming strategy is proposed:
(1) Pursue the existing domain-centric business model, but focus a majority of resources on the Gaming vertical
This plan reallocates the existing budget. Web site, marketing, integration, dashboard, and development resources would be redirected towards a Gaming audience. Incentives and rewards for wallet and exchange integrations would be reduced or eliminated.
The use case for Gaming integration will focus on Dashboard integration, but needs to be fleshed out. See for example one suggested gaming workflow. Additional features to the chain and/or dashboard may be required.
(2) Continue R&D into a viable transaction-based model for FIO
A revenue model built on the current structure of FIO fees (not including domains and handles) is not viable unless you have many millions of transactions (the foundation currently collects 5% of a $0.02 fee per bundle spent). Yet, there are many L1 chains that are built on transaction based revenue models. Additional work needs to be done to better understand existing models and to determine if a (gaming-centric) transaction-based model could impact FIO token valuation and bring in meaningful revenue.
This R&D would leverage existing resources and would not increase budget. The output would include a worker proposal that could be presented to the steering committee detailing the plan and budget impacts.
Feature and integration ideas
The following lists out previously discussed ideas that are relevant to a gaming-centric strategy.
Does not require that users have FIO public/private keys
Integrator still needs access to FIO libraries to register domains/handles
Add “gaming UX” to dashboard
Domain transfers to dashboard would require user to pay for domain (possibly with in game tokens?)
Maybe this is part of the “gaming staking” feature?
Clans - In order to create a clan in integrated blockchain games you must buy a custom domain.
Licensing the FIO chain to WAX or other rich blockchains to pay us directly and license our tech and allow users to create free handles and domains within games.
Jacob from MetaOps highly suggested a FIO web3 wallet - he said that would make things extremely easy and seamless. Being able to pay for FIO tokens via Credit Card in game through the wallet or whatever interface.
Making the chain more exciting with a gamified sentiment on the FIO chain itself, whether thats developing small fun blockchain games mini games to earn a domain or fio handle.
FIO Chat mining
Accounts linked to telegram or discord that hold domains can earn FIO by engaging in real conversation in the channels
Increase engagement - used by NFT projects
Earning bonus for every domain held and every X amount of FIO staked
Rewards are very small and very competitive. Domains registered in telegram/discord use tpid for mining reward pool