Recap AMA HC Capital – Ancient8

On 16 June, 2022, HC Capital’s community had the opportunity to exchange with Howard @howardx30  | Co-Founder and Joo @joolee13 | BD Lead at Ancient8 to join the AMA to provide useful information about Ancient8.

This AMA is organized by HC Capital – The leading cryptocurrency community in Vietnam where investors and traders can receive the latest news and signals as well as discuss and share investment experience in the cryptocurrency space.

AMA Program:
Part 1: Q&A from HC Capital team
Part 2: Top best questions from form.
Part 3: Free Q&A with members.

Content of the AMA program

Part 1: Q&A from HC Capital team

Jannie: Today Ama will start  now with Part 1: Some questions from HC for Ancient8. You can say “Done” when the answer is finished.

Can you give us a brief introduction about Ancient8 project ?

Howard: Ancient8 is developing the infrastructure for GameFi, with a focus on software and community. Ancient8 is building GameFi Identity and Launchpad products to serve as the marketing distribution channel for GameFi and Metaverse projects to onboard millions of users. Ancient8 manages Vietnam’s largest blockchain gaming guild, and enables everyone to build the Metaverse through blockchain software products, guild scholarship, blockchain education, institutional-grade research, and community. Ancient8’s vision is to democratize social and financial access in the Metaverse.

Ancient8 has raised $10M in total financing and is backed by leading investors including Pantera, Dragonfly, Hashed, Makers Fund, C² Ventures, Mechanism, Coinbase, Alameda, IOSG, Animoca, among others. https://twitter.com/ancient8_gg/status/1534719691683508225?s=21&t=ytXgEk6lJyAB76KTAv0Hmw

Jannie: Q2. What is the most ambitious goal of Ancient 8? What is the ultimate vision that your project is trying to achieve within the cryptocurrency market? I would appreciate it if you guys could share with us any upcoming updates.

Howard: We help GameFi studios reach passionate gamers and run web3-native targeted advertising through our GameFi Identity product and Launchpads. Gamers and crypto communities will soon be able to create GameFi identity profiles to track and showcase their achievements in Web3, discover high quality blockchain games, and access guild scholarships and blockchain education more effectively.

We have already built an active community of 200K+ members, providing GameFi education through the Ancient8 Blog, Twitter, Discord, and Ancient8 Research Portal—the first institutional-grade research portal for GameFi. Ancient8 manages the largest blockchain gaming guild in Vietnam with 3,500+ scholars using our own guild management software, and have partnered with 25+ top-tier GameFi projects to date including Axie Infinity, CyBall, Phantom Galaxies, Bigtime, Tatsumeeko, Delysium, Blast Royale, Apeiron, Angelic and many more.

We pride ourselves for having a strong team with crypto-native and company building experience and now have more than 70 team members across Vietnam, USA, and China. We also have close partnerships with 3Twelve Capital, Coin98, Coin68, and Kyros Ventures.

We are developing a number of software products designed to underpin the future of blockchain-based game development. In the coming months, we will launch our GameFi Identity product and a pair of GameFi Token and NFT Launchpads designed to enhance the go-to-market strategy of Web3 games. These products will help us connect top blockchain games with our deeply engaged global community of GameFi enthusiasts and enable users to enjoy the most intuitive experience possible in the world of Web3.

What We’ve Built:

  • Granted 3,500+ scholarships
  • Completed $4M Seed Round financing led by Dragonfly Capital, ​​Pantera Capital and Hashed
  • Established 25+ partnerships with GameFi projects
  • Grew our communities to 200K+ active members
  • Launched the first A8 NFT collection
  • Built internal scholar management software
  • Provided GameFi education through Ancient8 Blog, Twitter, Discord, and other channels
  • Launched Ancient8 Research as the first credible, institutional-grade research on GameFi projects & trends
  • Established the Ancient8 E-Sports Division
  • Built Ancient8 Community Alliance (ACA) to include 10+ global communities

What We Strive to Build:

  • Launch Ancient8 GameFi NFT & token launchpads to provide better distribution for blockchain games
  • Build Ancient8 GameFi Identity to be the most-used web3 social profile and the go-to single sign-on portal for the Metaverse
  •  Build more GameFi Infrastructure software products, including Fintech and Blockchain software so that millions of users can easily access and enjoy web3 gaming and the Metaverse

Jannie: Q3: Revenue is essential for all projects to survive and maintain. Could you please share your income model to build a complete project, and what is the way to generate profit/revenue for Ancient8?

Howard: Currently, the primary sources of revenue for Ancient8 are our early investment in GameFi tokens and NFTs and the shared income from our scholarships. For long run, we provide infrastructure software for gameFi to boost the segment efficiency and serve a rising demand for its expansion.

Recently, we have raised total funding of $10M from our seed and private round. With this capital, we will accelerate the development of the infrastructure for GameFi and the Metaverse by building our next-generation software products, community, and guild such as GameFi Identity product and a pair of GameFi Token and NFT Launchpads designed to enhance the go-to-market strategy of Web3 games, thus, generating sustainable revenue sources for our entity.

Jannie: Q4. We all know the community is the critical key to the success of each project, so besides marketing with AMAs, does Ancient8 have a proper long-term plan to attract new users and build your community more strongly? Additionally, during the downtime of gamefi, do you have any strategies for penetrating into this red sea?

Howard: We have many initiatives to support this including: Our blog which writes introductory articles about GameFi to educate people. Ancient8 Research Portal publishes thorough analysis of games and GameFi trends for users to better understand the space and the inner workings of GameFi economies, for free.

We have outstanding marketing and design teams that operate across the most popular platforms among Web3 communities like Telegram, Twitter and Discord, as well as Web2 platforms. We also partner with local businesses and tech companies in Vietnam and southeast Asia to reach more people

By building GameFi software that benefits both the games and gaming communities, Ancient8 will play an instrumental role in onboarding millions of players to blockchain gaming. We want to reach, educate, and guide both traditional gamers and blockchain enthusiasts as they explore the world of web3 games

 3 Billion people enjoy playing video games. Clearly there’s something universal about them, which makes them a natural and fun way to learn about new concepts like blockchain and crypto. GameFi is still a very new space. In terms of gameplay, graphics, and entertainment value, the next wave of blockchain games will be almost indistinguishable from the Web2 titles most people enjoy today, and they’ll introduce these new concepts like ownership of in-game items as NFTs, and the ability to earn tokens with real market value, etc. 

Blockchain games will help users learn the fundamentals like creating a wallet, swapping tokens, etc. But to appeal to non-crypto gamers, many new blockchain games won’t force players to interact with that side of the game if they don’t want to– the gameplay will be enjoyable on its own, enhanced by blockchain features.

Jannie: Q5: As far as we know, Ancient8 has launched a collection of 8,888 Saint Giong NFTs. Can you tell us what value the collection brings to the holder? Do you have any plans to increase the value of this collection in the Ancient8 ecosystem?

Howard: Saint Giong NFTs are created for Ancient8’s most dedicated members, with equal opportunity for all members of our community to mint. 

Owners of Saint Giong NFTs can receive cool perks, such as:

  • Priority In Joining Ancient8 Scholarships Program
  • Mystery Drops For Saint Giong NFT Owners
  • Whitelist For Ancient8 Products and Events
  • Owning A Unique Identity In The Ancient8 Community
  • Exclusive Ecosystem Benefit From Ancient8
  • Badge With Access To Exclusive Channels On Ancient8 Discord Server

Part 2: Top best questions from form

Jannie: I know Ancient8 is a guild from Vietnam, does the name Ancient8 mean anything in Vietnamese or represent something in Vietnamese culture?

 @Drhai1997

Howard: As one of the mythical folklore heroes of Vietnam, Saint Giong represents the power of solidarity in the face of hardship and challenges. Similarly, when one bamboo is cut down, two more will rise– the beginning of a great bamboo forest. The idea being that invincible unity starts a single bamboo stem, and Saint Giong is our first bamboo stem.

So the image of bamboo in the Ancient8 logo is a symbol of unity: a single bamboo tree is weak and frail, but 5 or 10 trees, or an entire bamboo forest, is stronger, more robust. In the Ancient8 community, we rely on one another to become smarter, stronger, and endure hardship together– which harkens back to the camaraderie of soldiers throughout history. So the logo is 5 bamboo trees folded into a 5-pointed star, a symbol of Vietnam’s national flag. Ancient8 embraces Vietnam’s treasured spirit of unity in order to build the most solid foundation of the global GameFi & Guild industry.

Jannie: Where did you get the inspiration for this unique project idea? What plans does #Ancient8 have to build trust and build collaboration in the community? And what is your strategy for attracting users from outside the crypto space? 

@henrytran69

Howard: Being inspired by the Vietnamese people unity spirit, Ancient8 was initially founded as a gaming guild that gathered GameFi enthusiasts and Web3 people to ride theearly  Play-to-Earn trend.

We carry the mission to provide more income earning opportunities to the community, especially the Vietnamese people in the midst of epidemic chaos. Since our launch, we have already built an active community of 200K+ members, providing GameFi education through our social media channels and Ancient8 Research Portal—the first institutional-grade research portal for GameFi. Ancient8 manages the largest blockchain gaming guild in Vietnam with 3,500+ scholars using our own guild management software, and have partnered with 25+ top-tier GameFi projects aligned with our software products mentioned earlier. 

By offering a wide range of resources and tools for users, investors and projects, Ancient8 gradually realizes our mission to reach, educate, and empower the first native generation of Metaverse citizens. We are taking a further step to contribute toward the sustainable development of GameFi industry with infrastructure software and toolsets.

Jannie: Can you tell us when will Ancient 8 release the token?

@diamond2k2

Howard: Yes, we will be issuing a token in the near future. Follow our Twitter and jump into our Discord server to keep up with all of the latest announcements / news on Ancient8!

Ancient8 is continually expanding our products in tandem with the expansion of the GameFi industry. Detailed information about our token utilities will be constantly updated for the community on our whitepaper: https://whitepaper.ancient8.gg/ancient8/token-utilities

Jannie: Can you tell everyone what the highlight of A8 is? And what is the team focusing on at the moment? 

@BadHop04

Howard: We believe that the foundation for Gaming Guilds is the same business model of managing scholarships and players for playing blockchain games. However, each Guild will have its own focus beyond the foundation – for example, some are focused on investing in and incubating gaming projects (ie. YGG), while some are focused on building guild-as-a-service software. We think that the most important competitive advantage of a gaming guild comes from its community. Ancient8 is focused on building the community layer (Ancient8 Community Alliance) and the infrastructure (game token and NFT launchpads) for the GameFi ecosystem.

Additionally, geographically, Ancient8 is the largest gaming guild in Vietnam, which is considered to be one of the most influential crypto markets.

  • Vietnam ranks 1st on the 2021 Global Crypto Adoption Index and 2nd on the 2021 DeFi Adoption Index, according to Chainalysis
  • Vietnam is also placed on the top spot on crypto ownership with ~40% of the population having invested in crypto, according to Finder
  • Vietnam has the 3rd highest MAU on MetaMask out of all countries as of August 2021, according to MetaMask

Jannie: This time it seems that GameFi is no longer the trend of the market, what do you think about this view? Is the project going to change direction in the future?

@Sophronia891042

Howard: We still see GameFi as the strongest trend for crypto and won’t change direction. We believe the current drop is just the first adjustment to go back to reality from an over-hyped market. We believe that GameFi will be a strong catalyst for onboarding people onto the blockchain in the coming years, and with this, our mission is to reach, educate, and empower the next 100 million Metaverse citizens through the blockchain. 

In Web2 gaming, the publisher is the most powerful in the entire ecosystem as they sign game studios, provide funding for game development, and provide marketing. With the emergence of Web3, the centralized power held by Web2 game publishers became distributed to game studios, communities and partners. To support the growth of the Web3 gaming landscape, we are looking to build the infrastructure layer for GameFi. We want to be one of the premier partners for Web3 games who provides games with real insights, who is with the community day in and day out and trusted by the users, and who helps the community navigate through the thousands of GameFi projects in the market. We want to be a dedicated distribution channel for games to introduce their NFT and tokens to a community that has genuine interest and curiosity about GameFi.

Many traditional game giants still don’t have strong conviction in the NFT space. NFT space is still driven by heavy speculation and hype around these PFPs. the real world use cases are being overshadowed by all of the hype and speculation (which is fair) so I think there is still a long way to go before NFT and even blockchain/crypto become more widely adopted. to help traditional game companies transition, we’ll be there for them to help distribute their NFTs through our launchpad, which will be one product that will help us enable one of our goals in becoming a distribution channel for games.

Part 3: Free Q&A with members

@slyvia_browning_89: As Ancient8, will you provide support to talented game developers and NFT designers who do not have enough personal resources? Do you have a schedule or plan for these people?

Howard: Yes we do. We’ve spoken to 300+ gamefi projects and partnered with more than 25+ top-tier GameFi projects to date including Axie Infinity, CyBall, Phantom Galaxies, Bigtime, Tatsumeeko, Delysium, Blast Royale, Apeiron, Angelic and many more. We provide scholars, investment capital, advice and blockchain guidance to these projects and help them build the future of GameFi.

@desiree_givens: Hello.. Do you have any plans to attract non-crypto investors to join your project? Because the success of a project attracts more investors who haven’t yet entered the crypto world. What are the plans to raise awareness about your project in the non-crypto space.

Howard: We have some very strong investors that are coming from web2 – including Makers Fund, the best gaming VC investment fund in the world, Play Ventures, Astrapto Capital, and some of the largest internet companies that we didn’t announce as investors.

@Audra_alcorn: Ancient8 currently has a focus on building the GameFi infrastructure layer based on a plan that consists of three pillars, these are: the community, the guild and the software. So, can you tell us about this GameFi infrastructure you are developing and about your 3 pillar plan?

Howard: Ancient8 is building the infrastructure for GameFi with a focus on software and community. We help GameFi studios reach passionate gamers and run web3-native targeted advertising through our GameFi Identity product and Launchpads. Gamers and crypto communities will soon be able to create GameFi identity profiles to track and showcase their achievements in Web3, discover high quality blockchain games, and access guild scholarships and blockchain education more effectively.

We are developing a number of software products designed to underpin the future of blockchain-based game development. In the coming months, we will launch our GameFi Identity product and a pair of GameFi Token and NFT Launchpads designed to enhance the go-to-market strategy of Web3 games. These products will help us connect top blockchain games with our deeply engaged global community of GameFi enthusiasts and enable users to enjoy the most intuitive experience possible in the world of Web3.

@Schofield1998: How many team members do you have? Do they have enough experience in the blockchain field? Do they have any experience on working in crypto and non-crypto project?

Howard: We pride ourselves for having a strong team with crypto-native and company building experience and now have more than 70 team members across Vietnam, USA, and China. We also have close partnerships with 3Twelve Capital, Coin98, Coin68, and Kyros Ventures.

I have been involved in the crypto market since 2017, and am a serial entrepreneur and has previously built companies in FinTech and SaaS. I was previously a VC investor at Insight Partners and TCV, as well as an operator at Magic Leap, one of the first Metaverse companies. I started my blockchain journey in 2017 as a VC investor at ZhenFund (Huobi, Ankr, Amber Group, IOST, DDEX, etc).

@Albertine_holloway_1999: Do the token holders have right to participate in the governance of the project? On what kind of decisions can they vote on about the project?

Howard: Yes, Ancient8 is transforming to a DAO after Ancient8’s $A8 token is issued and live, as it will require $A8 governance token for holders to participate and vote on community proposals and amendments.

We’ve set up Snapshot as a decentralized voting system for $A8 token holders to participate and vote. We’ve set up a Discord governance channel and are in the process of setting up a governance forum for our community to create proposals.

Jannie: Amazing Q&A! Thank you @howardx30 for joining us 👏 and good luck with Ancient 8.

  • Website: https://ancient8.gg/
  • Twitter: https://twitter.com/Ancient8_gg
  • Youtube: https://www.youtube.com/c/ancient8gamingguild
  • Discord: https://discord.gg/ancient8
  • English Telegram Channel: https://t.me/ancient8ann_EN
  • English Telegram Group: https://t.me/ancient8chat_EN
  • Vietnamese Telegram Channel: https://t.me/ancient8_ann
  • Vietnamese Telegram Group: https://t.me/ancient8_gg
  • Facebook Fanpage: https://www.facebook.com/Ancient8.gg/
  • Facebook Group: https://www.facebook.com/groups/222117549944333
  • Blog: https://blog.ancient8.gg/

Summary

Hope this AMA Recap will let you understand more about Ancient8. Thank you for following AMA Recap and for your companion also HC Capital!

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