GAT Network
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GAT Network

Wit*

Hello everyone, shall we have a little chat?

Daigo:
glad to see you, in a extremely fear market moment

Wit*

Hope everyone is alright and the crypto crash has not hit you too hard. Many of you have seen this happen quite a few times in the past. So stay cool & patient

We keep focusing on the product and building. The crash news was a surprise to me, to be honest. I did not follow the news that much.

I hear bear market is supposedly the best time to build and that is what we do 😊👍🏼

Here is a nice one from our mentor Sandeep:

Blee!:
what does your company reserve look like? Crypto or fiat? could you survive a bear market like that for a while?

Wit:
Both, we have both. Crash is not optimal, but we can survive for now

We also keep negotiating with potential investors to raise more funds. The past months have not been optimal for fundraising, but I am still optimistic. Let’s see.

In short-term we do not need our crypto-funds, we can keep working on the fiat reserves

Blee!
Thats nice

Wrydais:
Many old players in our community still like the first game, and they hope it will develop in a good direction.

Wit:
AT on BNB remains as it is, we have to improve/fix a few things, though.

Daniel:
any timeframe when you plan to relaunch AT? Is it around the corner or end of 2022.
How many chains are still in the race for the new AT?

Wit:
We could do it earliest in late June. There are a few chains we consider still. We negotiate with several of them regarding potential funding and marketing. It takes time. Also, we want to make sure to create a few more materials to on-board new casual players. Have to do it right.

Daigo:
will the roadmap of Q2 be conducted completely? There a
re great objectives planned. But they have been delayed for several times.

Wit:
The roadmap will be adjusted to accommodate our AT re-launch plans. Also, because we have had certain setbacks in regards of the development resources (related to the war in Europe and also the bearish sentiments on the investors side). But we don’t give up and are quite optimistic about the development

We continue building, I think we have shown over the last 12 months that we are capable of building, a lot

Trisdivi:
Hi! will new toys of chainX be able to bridge across every chain supported by MV?

Roman:
yes

Wrydais:
That will be cool

Peter:
Bridgeable, but you cannot use the new TOYs to play AT on the BNB chain of course.

wrydais:
So BNB is the only chain that can not use the new toys?

Peter:
Well the new TOYs will only be “usable” on the chain X at first because that’ll be the only instance of AT besides the BNB chain…

Blee!
what is the status of minting? is everything still going according to plan

Roman:
> Roman:
Yeah, working on the UI predominantly right now.

Daniel:
and can we use the new AT cards in the arena?

Peter:
I don’t think it’ll be fair to allow “budget” TOYs to compete against premium TOYs. That doesn’t mean there cannot be a dedicated arena though.

Daniel:
and that’s why it is an illogical thing to keep old AT

do you keep old AT alive because binance told you so?

> Wit*:
No. Because there are still players there, and because we see it as a potential higher-end gameplay segment for players who may get attracted to it, too, if we manage to get good traction on the casual/affordable chain.

> wrydais:
What other advantages does the toy on bnb have besides the advanced statement and price?…

> Peter:
Well the new TOYs will only be “usable” on the chain X at first because that’ll be the only instance of AT besides the BNB chain…

Wit:
BTW. did you know that tomorrow AT has its first birthday? It has been launched on May 13th 2021

Daigo:
In addition to minting, still wondering how’s the plan of deloyment on ETH. I found that there is a NFT-swap need currently. This is our advantage to other markets.

Wit:
we want to go to ETH as fast as possible, however it costs a fortune to deploy complex smart contracts there. Need to test them thoroughly on other chains first. We cannot afford to bugfix/re-deploy on ETH constantly

Daigo:

great, hope you can make it soon

Wit:
I am not that much on ETH, is it true? Do users there need NFT-swap right now? Is there a good demand for such a feature?

wrydais:

People want to buy on the other chains and move to the ETH when gas is low enough.

Wit:
I see

Daigo:
Now in a crash, almost all NFTs lost liquidity. Some NFT players mentioned that they would like to swap theirs NFT to other NFT directly. Especially when no one is willing to buy NFT using coins, using NFT to buy another NFT is amazing. Like a flea market. And this is exactly the mode of MV.

trade for an APE by an AKUZI + a little coins (the difference), may be a good idea to the existing market

wrydais:
That’s true, I like trading NFT for NFT

__

> Wit*:
Furthermore, if we can show/reach good traction on another chain, maybe we can convince “somebody” to sponsor external funding on BNB, too. Who knows? I think it has potential. We just need ways of finding good traction in one part of the network first. Everything else will come afterwards. In best case we could be in the right spot/time for the next bull market.

> Daniel:
new people have to understand gat network in 1 minute, otherwise they will move on. and right now. i takes way too long

> wrydais:
Maybe we should make each of our products more closely connected, just like different parts of a game.

Daniel:
ok lets think about it.
new players come to new AT and play a few rounds. Maybe 6 month. Then they want to play Arena, but to be able, they have to start on old AT from scratch … that will never happen.
And after 6 month you do realise it and have to kill old AT or deploy a new ARENA as well.
You never gave an explanation why you keep old AT. And I never meet a human who likes to burn money for fees, just because he is a rich kid.

Peter:
So let me understand what you’re asking…you’re asking for us to close AT (and I assume AA) on BNB, making all of the BNB TOYs worthless for ever into the future, with no opportunity for the project to regain life on the BNB network?

> Peter:
I guess you don’t hold any TOYs on BNB if that’s what you’re suggesting?

Daniel:
you said you will copy cards to the new alchemy game
and i think i have about the best deck

Peter:
Yes — but that is a much cheaper game, so naturally the copied cards will be worth less.

Daniel:
well sometimes you have to realize a loss

Peter:
Note, we are talking about copying standard TOYs from AT. We have not yet decided the approach for special TOYs that are not actually a part of AT at the moment. I’m not saying that special TOYs won’t be dropped, but I am also not saying that special TOYs will be dropped either.

Wit
The new TOYs would look visually different. So it’s perceived as a different NFTs (a different game even?). There is no ARENA on a new chain. So it is completely focused on AT.

Daniel:
thats another mistake. to copy AT and not arena to the other chain.

Wit:
In fact the games on BNB continue as they were. We just offer a different casual way to play in parallel a clone on another chain and earn some small rewards (that are significant/attractive compared to turn cost).

You seem to think that only Arena is worth playing and AT is just a way to get there ?

AT can exist without Arena, IMHO ?

Daniel:
no, but in the Arena you make 1000transactions a day and in AT only a few

Peter:
AT is the priority, if AT goes well, then maybe AA will be also relaunched, but possibly with different concepts around special TOYs etc…hence no guarantees on how special TOYs will be treated.

Let’s launch AT, then consider what to do about AA depending on the situation and how it goes.

Daigo:
yea I agree, AT and MV first

Daniel:
i i wish you the best for it to work

ROman:
Theoretically, it is possible to launch a crosschain area with the new AT later. Imagine there were several AT running on different chains. By mninting TOYS on different chains and bridging to the Arena chain, one could use any AT TOYS from any chain in such an arena. Naturally, the TOYS from more “expensive” chains would have higher power/weight in the combat. Just thinking out loud here..

Wit:
I would not completely rule out AA launch on affordable chain. It all depends on the demand/traction. If there is traction, maybe we can find external funding for AA, too? In that case the balances would be easier to manage

For me the priority is to reach highest possible TRACTION. Right now it is about using what we already HAVE. There is a good opportunity to reinvent P2E and make it attractive for massive casual gaming. It’d be great to be more mainstream in that regard. Be more affordable for many.

Kevian Tuan:
Do you know Magic Eden? It is also an NFT market. I think its UI is very beautiful, and some details are very cleverly designed. For example, it is very convenient to directly display the floor price of the corresponding attribute in the filter attribute. Hope you can find inspiration here.

> Wit*:
Thank you. No I don’t know it, but will certainly have a look!

Let’s make sure we use what we have learned, our growing contacts/network and our technology to be very well positioned for the next bull market 😊

> Wit*:
And we have learned a lot! We have been less than a year live with GAT Network. It seems like 10 years have passed with all the happenings 😊 Crypto is a different universe indeed.

Wrydais:
The development of crypto world is just beginning. I hope gat network can make some achievements in the basic layer.

Wit:
we are in a good position to do so. We have good innovative potential as builders. We have resources to keep building. And we gain more and more attention among bigger players and investors in the market — so there is potential for increasing support and higher-level partnerships. We are optimistic about the future.

To be honest, even now in the middle of a crypto crash, I am more optimistic about what we do and how we are positioned compared to , let’s say 6–7 months ago. We are in a different spot completely.

Pike:
Bear market is the best for just building.. You dont have to focus on price and exchanges and marketing as it would not make any difference at the moment.. Keep building and keep making collaborations with other projects ( aside of Luna of course :))

wrydais:
Yes, I can see the team’s innovation and ability, now plus resources.

Phil:
gives us more time to finally find a suitable CMO

Pike:
start recruiting from successful projects “meet our team” page

Phil:
lets start with luna i guess? getting a synthetic stablecoin that big takes a lot of marketing

Wit:
those of you who have been with us from the start may remember that we have repeatedly said that token prices are not our focus and we do not worry about them too much. In some regard it has made things more complicated to us, especially when it comes to fundraising through tokens, etc.

Still, our approach is that the technology and its use-cases come first, then comes the token that shall receive its value from those use-cases . Not the other way around. In the long term speculative investment vehicles will always move to their fair value. For most hyped coins that value is zero, if there is no tech or other benefits behind it.

Kevin Tuan:
A very important thing is that we are lack of users. It seems that you have talked about attracting new people through games. What if this method is unsuccessful? Is there a backup plan?

Phil:
we will have minting at that time which means that we have very important additional tools to attract creators

Wit:
There are a few partnerships in discussion that should help us with exposure significantly. In one way or another, we make sure to explore various ways of gaining more attention. Some of the approaches should work. Others won’t, perhaps.

I am optimistic about the “casual gaming”, because the relative rewards are promising. But, of course, there is always risk of things not working as well as you want them to. Our benefit compared to other projects is that we don’t focus completely on one single idea. We explore, see what works and what doesn’t, pivot, adjust, develop, and try more things.

The team is optimistic, we keep working, building, talking to serious companies/projects out there. This will move ahead, in bear or bull times, doesn’t matter

Alright guys, we will keep working. Thank you for joining us today. Let s repeat this next week! Maybe we can talk about more of your ideas then ?

wrydais:
Thinks for your time

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Gat Network is a web of connected NFT trading & gaming projects — launched in early 2021 by a fully transparent team/company in Germany.

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GAT Network

https://gat.network/ crosschain NFT Market + p2eGaming + DeFi + NFTs + GAT Token (deflationary) @Binance Smart Chain (BSC) and crosschain!