Altitude Games CEO Gabby Dizon thinks the science fiction-inspired virtual reality Metaverse is being created all around us at increasing speed. “The Metaverse means different online worlds that are interconnected upon some form of shared economy. Usually, this economy is based on a blockchain,” explains Dizon, who also heads Yield Guild Games.
While he thinks we’re still “in the very, very early stages” of building it, blockchain-based games like Axie Infinity and The Sandbox are already developing robust in-game economies. Dizon believes it will snowball from here, as ever-increasing automation is making it increasingly hard for people to find jobs and a place in society.
“A lot of people will be losing jobs in the physical world, and what will they be doing? I think they will be going online, and they will start playing games. Specifically, they will start playing games to earn money.”
This is not entirely without precedent, as locals in hyperinflation-hit Venezuela have been mining virtual gold for profit in the game RuneScape to feed their families for many years already.
Dizon’s game design studio, Altitude Games, is based in Manila in the Philippines, where many Filipinos have managed to stay afloat through endless COVID-19 lockdowns by raising and selling NFT-creatures known as Axies. Though his game design firm started out with free-to-play games, he is now helping build the leisure economy through a play-to-earn gaming model.
He believes that reinventing gaming is the answer to some of the world’s problems. “Play-to-earn has the opportunity to level the inequality of wealth that is happening in the world right now,” he says, full of optimism. This model is especially relevant in developing countries where it has already become reality.
In 2020, he co-founded Yield Guild Games as a guild of investors buying up a portfolio of income-earning in-game NFTs in a swath of blockchain games.
Back in the day, gamers paid the purchase price just once for video games that provided endless gameplay, with levels unlocked by way of in-game progression. Then came pay-to-play, which required players to make small purchases to unlock levels or abilities by which to progress.
Free-to-play is another model that can be played for free, though benefits can usually be purchased. Often, such games have purchasable loot boxes containing random in-game goods. This has proven controversial, with European Union regulators calling them “problematic design features” and some countries like Belgium deeming them a form of gambling.
Play-to-earn is a somewhat radical concept that suggests that players actually earn money through the process of gameplay, usually by performing tasks to earn items of benefit to other players. An early example of play-to-earn is found on centralized multiplayer games like World of Warcraft and Runescape, where players can earn in-game gold that can then be sold to other players in exchange for fiat on exchanges like DMarket.
Dizon explains that “The problem with a lot of the gold farming in games like World of Warcraft and Runescape was that the gold operations were set up basically in sweatshops,” which caused the supply of in-game currency to rise. This led to in-game items getting more expensive, making gameplay more complicated. “These games themselves were not built for that kind of inflation, so value ended up being extracted from the game and harming the in-game economy overall,” he continued.
It’s different with blockchain games.
Gamers in the Philippines can earn three times the minimum wage by playing blockchain games. While computer games are a free or low-cost pastime for many around the world, especially considering the global lockdowns due to COVID-19, a growing number of people have realized there’s money to be made playing:
“They are gamers who are playing League of Legends six hours a day. Then they see on Facebook that some of their friends are getting rich playing this game, and they think, ‘Like, how is that possible?’ So, they pop into our Discord.”
Once inside the Yield Games Guild Discord channel, they soon learn the basics of how to get started. This includes setting up a Metamask wallet and security tips around never revealing their private keys or seed phrases. At present, Yield Games focuses on teaching newcomers how to earn money in Axie Infinity, a game where players buy, raise, trade and battle creatures called “Axies.” Since the game runs on Small Love Potion tokens, which can easily be traded on Uniswap and other DEXs, there is real money at play.
“You don’t need to be anyone special or highly educated to do it. You do have to be computer literate and have a mobile phone with internet and some gaming aptitude — and then you can start earning money,” Dizon explains.
A key to making play-to-earn a reality, according to Dizon, is to make the process easy to understand. Knowledge about blockchain technology is not required. “When I want to drive a car, or when I start a car, I don’t necessarily know how the combustion engine works,” he explains. “You shouldn’t really have to know how a distributed ledger works to use it in a gaming context.”
Bringing the IP home
Dizon remembers being around computers since he was three years old. That first computer was a 1981 Commodore VIC-20, which his father — an engineer who would often travel to the United States on business — brought home to the Manila suburb where Dizon grew up. He became interested in games at the age of six, recalling that the Commodore “had a few games — it had Hangman, it had Chess, and one or two more.”
He attended Ateneo de Manila University, where he graduated with a Bachelor of Science in management information systems in 2000. “I wanted to make games, and it was tough when I graduated because there were no companies that were making games,” he recalls of the lack of gaming studios in the Philippines at the time. His first job was in PHP web development, but when he saw a job posting for game developers in Manila three years later, he couldn’t believe his eyes.
Dizon remembers going to visit the Anino Entertainment game studio after applying. “There were several people kind of sleeping on the couches and making what became the first game in the Philippines. I really loved the energy, and I’ve been in games ever since.”
In the 2000s, the IT industry in the Philippines was almost entirely based on outsourcing. Dizon had his own outsourcing business, FlipSide Games, where he oversaw Filipino designers working on behalf of overseas clients from 2005 to 2009. But this interaction sat uncomfortably with him, as he felt that his countrymen were getting the short end of the stick due to receiving no intellectual property rights. The rich countries were trading money for the fruits of Filipino creativity.
“The usual case was that someone in America or Europe or Japan would outsource their work to the Philippines where workers would get paid a fixed rate, but they would never really make their own intellectual property. I really got tired of that, so I closed down the business.”
In 2009, he joined Boomzap Entertainment, a small independent firm that was creating its own games in Manila. “They were making their own intellectual property, and that’s what I really wanted to do — to make my own IP,” Dizon remembers with pride.
Four years later in 2014, he grew restless and decided that it was time to work for himself again. “I knew that the next step was that I wanted to have my own company again, but creating my own IP this time,” he says. Dizon founded Altitude Games, a studio creating free-to-play games in Manila. Game titles include Dream Defense and Kung Fu Clicker, with the latter boasting over a million downloads.
His company had difficulty raising money because local investors did not understand the business model of creating IP locally. International investors were similarly wary of funding a game studio in the Philippines.
Fundraising was very hard, and it was very unusual for a startup from Southeast Asia to be able to raise money fast, he recalls. There was a sense that all of Southeast Asia was behind, always playing catch-up to more advanced countries.
Doing what others did a decade earlier did not appeal to Dizon. He wanted to be at the bleeding edge. That’s why the company got into blockchain.
“I felt like for the first time in my career, I was in front of a trend — learning about smart contracts at the same time as almost everybody else in the world. You could be one of the leading experts in the world in something and still be based in the Philippines.”
The company’s first blockchain game, Battle Racers, allows users to design and race model cars in Decentraland.
Here’s a closer look at the Battle Racers development roadmap! 🛣️ Who’s excited for competitive races and in-game $SCRAP rewards?
Learn more: https://t.co/52gZYf7hvN pic.twitter.com/81U7uMLuFg
— Battle Racers (@BattleRacers) April 1, 2021
Into the Metaverse
Last year, Dizon founded Yield Guild Games with the help of 2,500 investors from around the world. The company invests in yield-earning in-game NFTs within blockchain games, and there are plans to turn the venture into a decentralized autonomous organization.
“The guild owns the entities inside these games,” he says, referring to in-game elements that take the form of NFTs, such as in-game real estate. In addition to Axie Infinity and The Sandbox, some of the blockchain games the guild has invested in include F1 Delta Time, League of Kingdoms and Star Atlas.
“The nice thing about these blockchain games is that they are enabled with marketplaces from day one. We actually work in tandem with the developers so that we invest in the economy, and of course, our players take some proceeds of that.”
Dizon sees his work as that of an early pioneer laying out the roads for a coming megacity. He is also a collector of NFT art, which he displays in the Narra Gallery in Decentraland.
— Gabby Dizon (@gabusch) October 3, 2020
“We bring in the manpower that’s required to populate it [the Metaverse]. We bring them from all over the world, and it gives you equal opportunity whether you’re from the Philippines or from Nigeria or from France,” he says, adding that the Metaverse does not discriminate based on things like skin color, age or location — roadblocks that Dizon himself has encountered.
“For me, it’s like we’re settling a new nation in the same way that America was being settled in the 1700s. We’re now settling a digital nation with people who are aiming for a home from around the world.”
Dizon is confident that the range of play-to-earn jobs will expand. “There’s a whole set of jobs that are available in the Metaverse, and it will look a lot less and less like just, you know, killing monsters and getting loot, and it will be more about the different things that are needed to make a town really be alive,” he predicts.
Dizon stresses that there is a need for all types of skill sets to help build these virtual worlds, including programmers, artists, fashion designers, storytellers and architects, to name a few.
He has one piece of advice for anyone of any age, from anywhere, who wants to join the revolution.
“Start by joining a community, and provide value to that community. […] As long as you’re providing value to a community in the Metaverse, you will find your own place in it.”
Is China softening on Bitcoin? A turn of phrase stirs the crypto world – Cointelegraph Magazine
They were only two seemingly innocuous words: “investment alternatives.” But when applied to Bitcoin — the seminal cryptocurrency — by an official from the People’s Bank of China in a recent panel discussion, they reverberated like a firecracker.
“A remarkable step for BTC,” Lennix Lai, director of financial markets at OKEx, calls the statement. Michael Peshkam, executive in residence at European business school INSEAD, describes the central banker’s remarks as “a significant shift in the country’s position” on crypto.
To recap: On April 18 at a CNBC event at the Boao Forum for Asia, Li Bo, deputy governor of the PBoC — China’s central bank — said: “We regard Bitcoin and stablecoin as crypto assets. […] These are investment alternatives.” CNBC reporter Arjun Kharpal commented:
“Industry insiders called the comments ‘progressive’ and are watching closely for any regulatory changes made by the People’s Bank of China.”
“Yes, I do see a change in tone” in China, “a softened and more open approach to considering the role of Bitcoin,” Kevin Desouza — professor of business, technology and strategy at Queensland University of Technology Business School — tells Magazine. “I still do not see a full embrace of Bitcoin.”
“This is a very important development,” Daniel Lacalle, chief economist at Tressis SV, tells Magazine — one that involves a “significant change of heart” on the part of China’s government as it “separates itself from its former monetary policy.”
The government is saying, in effect, that it isn’t going to ban or put the brakes on the growth of Bitcoin and other cryptocurrencies, which have been an ever-present risk for both China and other governments, Lacalle suggests.
If so, why now? China is close to rolling out one of the world’s first major central bank digital currencies at scale — sometimes referred to as the Digital Currency Electronic Payment, or digital yuan. “If it wants a digital yuan that works, it can’t ban crypto,” Lacalle says. Rather, it needs to show that its DC/EP is as attractive as a crypto alternative.
Connecting the dots: BTC and DC/EP
What exactly, though, is the connection between Bitcoin and China’s DC/EP? Aren’t they two different things — one an emerging global store of value, like gold, and the other a domestic payment system?
The Chinese yuan, as currently constituted, is used in very few international transactions. “It is underutilized globally because China maintains capital controls,” Lacalle tells Magazine. China has long feared that if it were to drop these controls, its economy would quickly become “dollarized” — i.e., its citizens would send dollars away from China to the United States.
As things stand today, the rollout of a digital yuan would be an international failure, though it might succeed domestically. Outsiders would assume that the Chinese government wants to control it like it does its traditional yuan.
“But if they open the market for crypto in China, they are signalling that capital controls won’t apply to the digital market,” including a digital yuan, Lacalle explains. This is arguably an “intelligent move” on the part of the Chinese government, which like Russia before it now sees benefits in opening its economy to crypto. In fact, cryptocurrencies may eventually — albeit, in a “distant future” — hurt Western fiat currencies, authorities speculate. But in the meantime, a new tolerance with regard to Bitcoin can make its digital currency more viable beyond its borders.
A potential currency?
Peshkam tells Magazine that Li’s statement goes beyond recognizing BTC as just another investment asset, which is scarcely an earth-shaking revelation. China now sees crypto “as a future potential currency in global trade.”
Using Google Trends data from 2014 to the present, Peshkam notes that interest in Bitcoin within China — i.e., among its domestic population — follows a similar pattern as in the U.S., as well as the world at large, as measured by the number of searches for the word “Bitcoin.” Ignoring this growing interest on the part of its populace “might not be economically and financially prudent for the country in the long run, thus the shift” in Chinese policy, opines Peshkam.
China’s DC/EP will probably become “the main means of daily trade from grocery shopping to payment of bills and larger ticket items” domestically, Peshkam says. But it is too early to gauge its international impact, including whether or not it will be a threat to the U.S. dollar as the world’s primary trading currency.
Just in case, continues Peshkam, China would like to have BTC on hand to reduce its dependence on the dollar for global trade. A strong BTC could also similarly weaken the dollar’s hold on China’s regional neighbors, making them more open to using the new digital yuan. “The shift in China’s position seems to be a strategic move to safeguard its future economic dominance should Bitcoin move from ‘investment alternative’ to ‘trading currency alternative,’” says Peshkam.
Who is Li?
Perhaps one is reading too much into a single person’s statement? Li, after all, is just one of seven deputy governors of China’s central bank. Might these remarks on the matter of Bitcoin and cryptocurrencies simply be one banker’s opinion?
No, Lacalle tells Magazine. “That doesn’t happen in China.” Not in forums like these. “When they want to alert the world about some new [financial] policy, the first comment is often from an analyst in a state-owned bank.” Next, typically, is a statement by a central banker. And finally, at a later date, the policy is officially announced, explains Lacalle. This is what happened when China devalued the yuan in 2015, for instance. “It is subtle but efficient.”
China’s central bank is not as independent as some of its Western counterparts, including the U.S. Federal Reserve, another source, who wished to remain anonymous, tells Magazine: “In his [Li’s] place, it would be natural to check whether his statement is in accord with the government view. Or, alternatively, he has been tipped that this is the government view.”
So, Li is simply acting as a government spokesperson? “It can be viewed this way,” says Molly Jane Zuckerman, head of content at CoinMarketCap, in a conversation with Magazine. She adds: “The vice governor of the People’s Bank of China and the former governor of the PBoC both mentioned Bitcoin while explaining the progress of CBDC development” in the recent forum. They considered Bitcoin a special asset and said the government would bring it under supervision and regulation. Earlier, the central bank had called Bitcoin a virtual commodity.
But maybe an “alternative investment” is just an alternative investment — and nothing more?
“It’s hard to be confident, but perhaps PBoC Deputy Governor Li Bo’s intent is simply to say that Bitcoin is a valid alternative investment,” Darrell Duffie, Dean Witter distinguished professor of finance at Stanford Business School, tells Magazine. “China probably remains against the use of Bitcoin as a payment medium, which is a different application.” This would be consistent with Li’s prior remarks, continues Duffie, adding:
“As a payment medium, Bitcoin makes it more difficult for the authorities, in any country, to monitor payments for compliance with laws and regulations, such as anti-money laundering. When used as a payment medium, Bitcoin also makes it somewhat easier to bypass China’s capital controls, which China would not want to see.”
Li may have been saying that Bitcoin is all right as a store of value — i.e., as gold 2.0 — but not as a payments platform. James Barth, finance professor at Auburn University, tells Magazine: “Bitcoin, like gold, might be viewed and allowed as an investment with the ability to serve as an inflation hedge.” He adds that it “makes sense to view Bitcoin as an ‘investment alternative.’ […] This still allows China to impose restrictions by barring financial institutions within its borders from facilitating transactions involving cryptocurrencies.”
The banker also may have simply been describing the current reality. Kevin Werbach, professor of legal studies and business ethics at the Wharton School of the University of Pennsylvania, tells Magazine: “Calling cryptocurrencies ‘investment alternatives’ is a factual statement. It doesn’t necessarily imply anything about whether and how those alternatives would be available to Chinese investors.”
Contrary to what some believe, Werbach says that China has never attempted to thwart Bitcoin and blockchain activities. “China has never been uniformly hostile to cryptocurrencies,” he says, adding: “Chinese authorities shut down initial coin offerings and renminbi-to-crypto exchanges in 2017 because they were concerned about excessive speculation, fraud, and capital flight. There has been no indication of that view changing.”
Meanwhile, China has tolerated a huge crypto mining industry within its borders and has actively promoted blockchain technology “as part of its ‘new infrastructure’ agenda,” adds Werbach. “Many of the world’s largest crypto exchanges, such as Binance, Huobi, and OKcoin, have major ties to China, even if officially they are headquartered elsewhere.” In summary, Werbach tells Magazine:
“My guess is that Li Bo was saying that Bitcoin should be viewed as a speculative investment, not as an alternative currency or payment system. That would be very consistent with China’s approach. I think the crypto community took the wrong message from his remarks.”
Others, however, continue to discern a policy shift behind the banker’s statement. For instance, OKEx’s Lai tells Magazine: “The new statement from the PBOC banker gave a very clear stance to the market that BTC would be considered as an alternative investment tool. We think it’s a remarkable step for BTC and we will likely see BTC regulated with a similar framework as those for other alternative investments.”
Distrust of China
Others were quick to see ulterior motives on China’s part. “China’s latest move softening its position on cryptos should be taken with a healthy dose of skepticism,” Pablo Agnese, lecturer in the department of economy and business organization at UIC Barcelona, tells Magazine. He adds: “China is and has been for long a big black box, and the old adage ‘beware of Greeks bearing gifts’ seems as fitting as ever.”
But Bitcoin may be getting too big to ignore, even for China, suggests Agnese — especially considering it has a market cap that recently surpassed the $1 trillion mark. “China will still try to ride the crypto wave just to undermine the power of the USD in international trade transactions” — which accounts for roughly 60% of foreign exchange reserves — “as there is a trade war still going strong.” As for China’s own CBDC project, Agnese comments:
“Cryptos at large, and BTC in particular, have precisely come to challenge the financial status quo, not only by introducing much needed competition, but also by exposing its long-standing weaknesses.”
Yu Xiong, associate dean international at Surrey University and chair of business analytics at Surrey Business School, tells Magazine that the statement by Li only meant that China was starting to pay more attention to cryptocurrencies — with the intent of regulating them. “This will not mean China will play a softer position toward cryptocurrencies. China will only become soft when the government can really monitor the transactions and cash flows. […] This will not happen in the foreseeable future.”
An “asset class that should be regulated”
In sum, the Chinese government has shown little interest until now in regulating Bitcoin — which would be tantamount to acceptance of the cryptocurrency. But last month, a deputy governor of China’s central bank, presumably with the government’s knowledge and approval, signaled that the central bank will not only not block Bitcoin in China but spoke for the first time in positive terms about the digital currency.
“This is extremely significant for both domestic institutional investors and high net worth individuals” looking to invest in “alternative assets such as Bitcoin in the future,” Zuckerman tells Magazine.
Lai adds: “After years of development, I think all major governments and regulators” — now including China — “have recognized BTC as a viable asset class that should be regulated instead of a complete ban.”
There is a growing realization in China that the nation could benefit from a rising crypto sector. The electricity that powers crypto mining, after all, is largely based in China. The Chinese already have a stake, too, in many blockchain-based enterprises. And meanwhile, the nation has an ambitious digital currency project underway, so some softening with regard to BTC may also be tied, as Lacalle posits, “to its desire to have a [globally] functioning digital yuan.”
Satoshi Nakamoto saves the world in an NFT-enabled comic book series – Cointelegraph Magazine
There is a Reddit post from August 2013, in which a purported time traveler shared a dystopian future brought on by the proliferation of Bitcoin in the year 2025. “Things are looking bleak here, and some of you will carry blood on your hands,” the time traveler warned readers, telling them of a world of vast inequality and economic decline. The Bitcoin “earlies” live in fortified cities, as there are no more governments due to the difficulty of enforcing taxation.
This is the inspiration of the setting created by ENCODE Graphics, a comic publisher committed to “expressing the myths of the crypto scene and the metaverse in narrative form.”
Part of the vision is to breathe life into the comic book industry, which suffered a crypto blow last month after DC Comics barred its artists from creating NFTs featuring any DC Comics intellectual property. This means that they cannot mint art featuring the likes of Batman, Wonder Woman or Superman.
Despite this, ENCODE is seeing the artists from both DC and Marvel join forces with crypto artists around the world to create a new “universe with well-designed characters, which in turn will provide a basis for many more sub-projects.” All will be based around the concepts of crypto in a style that might be referred to as “cryptopunk.” An ENCODE spokesperson tells Magazine:
“The vision to establish a comic project that provides a wonderful base for comic artists to make artworks in the spirit of Bitcoin, CryptoArt and our crypto community. This universe, with its beautifully designed characters, offers a potential that goes far beyond the creation of comic literature.”
Who’s behind the mask?
ENCODE Graphics is headed by an Austrian artist going by the pseudonym PR1MAL CYPHER, who started off as an individual artist but is now better described as the artistic director for his project.
Originally versed in oil painting, he focused on digital CryptoArt with an element of social critique. He has taken an interdisciplinary approach to combine text with digital art on platforms SuperRare, MakersPlace and Nifty Gateway, and has also produced a run of silver coins funded with 0.01 BTC, in a style reminiscent of SATOSH1. His five-part NFT series “RIOT DAYS” featuring George Floyd is an example of his sociopolitical approach.
According to PR1MAL, the goal of ENCODE is to offer “a glimpse into the future — a project that still guarantees the professionalism of the old publishers, but wants to live up to the symbols of CryptoArt and the Metaverse with new technologies.”
While PR1MAL is clear that there is no intention of competing with the big names in the world of comics, he states that the company is “keen to be a pioneer in the field” by leveraging the “possibilities of blockchain and the digital world in general. We will succeed in that.” This could certainly introduce a unique edge in drawing up a new generation of crypto-native comic book fans — and collectors.
Though the rest of the lineup of writers and visual artists is not yet completely public, it includes a number of notables within the DC and Marvel experience. Some writers include Eisner Award winner Mike Baron; Chuck Dixon, who is known for Batman and The Punisher; Aaron Lopresti, who has written extensively for both Marvel and DC; as well as Scott Beatty, who has written encyclopedias based on DC Comics characters, in addition to his work for the publisher.
Comic artists Will Conrad and Mark McKenna are represented on the visual side along with a number of new talents. McKenna is already familiar in the NFT scene, having released digital artworks on MakersPlace in December 2020. Despite the impressive lineup, there are hints of more to come, as the project’s organizer states that “Many of the already involved artists with rank and name currently remain under secrecy.”
The time-traveler title mentioned earlier, otherwise known as 2084, centers on the recently returned Satoshi Nakamoto. Here, SATOSH1 explores a “distant dystopian future version of our Earth after the ‘Big Reset’, where the big corporations and citadels hold the power,” according to PR1MAL. The ongoing series is meant to constitute “an epic of CryptoArt” set in a fictional, polarizing future, filled with symbols and figures related to the culture around cryptocurrency intended as a recurring theme. 2084 is expected to stay in the production phase until summer 2021.
“At the heart of ENCODE is the publication of stories that on the one hand take up the symbols and memes of crypto culture, but also the vision of the present that will be the reality of the future.”
Another title, METATALES, is a graphic black-and-white anthology made up of a number of short stories by various artists. Some of these are about crypto, while others “are more socio-critical and portray our society in terms of technological developments.” Publication is planned for early June.
METATALES – a comic anthology https://t.co/myelPiqDJR
Curious what our anthology will be about #nftcommunity?
— ENCODE Graphics (@ENCODE_graphics) April 10, 2021
Distribution of the comics has not yet been announced, but an NFT drop called GENESIS related to 2084 took place on April 17 on Nifty Gateway. The drop of four open edition works featuring SATOSH1 saw 148 sales, bringing in nearly $97,000 for the project.
“The GENESIS drops help us with funding. Artists want to get paid,” says PR1MAL. A second, related drop is scheduled for June 4.
The Nifty Gateway platform is owned by the Winklevoss twins, and was previously chosen as the main platform for Michael Winkelmann, better known as Beeple, for his drops because it allowed anyone to participate using a credit card or bank transfer, instead of being strictly on-chain.
The launch of the GENESIS NFT series before the launch of the actual comic is interesting from the perspective of crypto history, since the set-up appears to be an echo of the pre-initial coin offering phenomenon that was commonplace in 2017. Pre-ICOs were opportunities for investors to get in on a project “at the ground floor,” with raised funds being used, at least in theory, to create a valuable product. In this sense, the GENESIS NFT drop was a sort of pre-offer or kick-starter to the art project.
Helping emerging young artists access the NFT scene is a point of emphasis, according to ENCODE, with PR1MAL explaining that a portion of NFT proceeds will go toward an “artists fund” to help support young talent, who “should be offered a possibility to get access to the NFT scene and to get fair shares from releases within the framework of ENCODE.”
“We would very much like to provide a scholarship to the Kubert School in Dover for one young talent each year at some point,” PR1MAL adds, referring to a New Jersey school for cartooning.
Are you interested in what is really behind our mask design? Is it a Guy Fawkes mask? All the answers are readable here:https://t.co/sNRixgYSoT
— ENCODE Graphics (@ENCODE_graphics) March 30, 2021
Visualizing the future
Physical comics are naturally part of the picture — but with a modern twist. Some next-generation physical comic books will “contain NFCs with ETH keypairs and NFTs” that will “harmonize with Web 3.0.” NFCs refer to near-field communication devices, used in applications like tap-and-go payment cards. The covers of each comic will also be available as NFTs.
According to PR1MAL, “This is also a particular goal of ENCODE Graphics — the innovative building of bridges between physical works and the new digital possibilities of the blockchain.”
The vision of creating comics that represent the 21st century seems to be supported by plans for an exclusive set of 21 founder tokens. “The tokens will be like a contract for 3 years. Holders will receive a lot for what they pay, digital items and analog items: all issues and variants, including a special founder variant. Plus partial potential movie rights, limited Founder NFTs, a physical printed ‘yearbook’ after one year, prints, original art, etcetera,” PR1MAL lists in addition to other swag. There are also plans for a trading card game called CITADELS featuring characters from 2084.
With so many plans, however, it is worth questioning if launching two recurring publications in such a short time may prove too large of a bite to chew. Despite the workload, PR1MAL says that “Everything is on schedule” and that Issue #2 of both comics is being worked on.
If ENCODE Graphics does become a success to the point that its characters become representative of the global epic of crypto, the possibilities are quite considerable. In five years, PR1MAL hopes to expand 2084 “to such an extent that it would even be ripe for a film adaptation.” There is also the potential of integrating the storyline with the actual Metaverse somehow, using platforms like Decentraland or Cryptovoxels to name a few.
PR1MAL concludes that: “ENCODE guarantees the professionalism of the old publishers but wants to live up to the symbols of CryptoArt and the Metaverse with new technologies.”
SamJ – Cointelegraph Magazine
Cointelegraph Magazine is a new publication that goes beyond the daily news and delves much more deeply into the stories, trends, and personalities that inspire cryptocurrency and blockchain conversations around the world.
We are people-centric, delving into *why* the true believers of blockchain feel they can change the world (and why they think it needs to be changed).
Through long-form features, thoughtful analysis, and a little humor and satire, we illustrate how the implementation of this technology is affecting the lives of countless people — today, right now, not at some distant point in the future.
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