Impossible Finance Research Report #9 — Fancy Games

The rise of GameFi has been nothing short of spectacular, it just seems like a couple weeks ago Axie Infinity was the talk of the town, as concepts such as P2E and breeding were unfamiliar to many. Now, P2E has become the first point of contact for users that are starting to explore crypto. DappRadar quotes at least 1,100 different games across various different chains, cementing the noise and excitement that GameFi brings into the wider crypto ecosystem.

One of the most attractive aspects of gaming x crypto is due to the monetizability and added utility, enabling players to earn while having fun. The IP and profitability of the game is directed back to users, instead of centralized gaming developers pocketing 99.9%. Whilst rapid developments are happening both in terms of game quality and design, early games within the space still center around earning. GameFi projects are still trying to overcome the chicken-and-egg challenge that comes with having to balance game-play with economics vs. long-term sustainability of the game.

Similar to traditional games, blockchain games also experience half life issues, where gameplay redesign is vital for the longevity of the game. For example, there have been numerous iterations of the game in order to continuously please their fanbases of popular games like Call of Duty. Comparing traditional versus blockchain games, it would be far more difficult to upgrade P2E games due to the intricate relationships between game play and monetization.

One aspect that has not been explored to a great degree are games that have a nostalgic factor. As a large portion of the demographic in crypto are millennials, many I would assume grew up playing games on platforms such as MiniClip or Addicting Games. These were games that typically were casual in nature but because of the variety, enabled users to jump from one game to another. By keeping these users on the site, MiniClip was able to become one of the largest free to play gaming sites, crossing over a billion downloads in 2016. By building a gaming platform in a crypto setting, users will be able to play games of the same genre but with the added utility of owning characters in the form of NFTs and being able to customise these characters.

That being said, it’s still the early innings for games in crypto, and as the space continues to mature, more games that have a fun-first, earn-later aspect are expected to eventually proliferate and lead the space. We are seeing trends of gaming talents and developers from AAA rated gaming companies pivot over to join GameFi development, raising the expectation of the excitement that is soon to come. P2E adds a different dimension to gaming, one that may not suit the traditional hardcore gamer but invites other actors that are now able to participate in a growth of a game through collecting NFTs, betting or breeding, which only crypto can present. As such, presenting another application and endless opportunity to leverage the power of crypto.

Project Overview
Introducing Fancy Games, a play-to-earn arcade game platform that aims to provide a best-case scenario for its players, allowing them to enjoy the nostalgic experience of playing casual arcade games whilst providing further utility by presenting the opportunity to earn monetary rewards through Fancy Games’ native and governance token FNC. Fancy Games will first be launched on IMX, with plans to provide a multi-chain experience for its users through future implementations within chains such as Fantom and Polygon. The Fancy Games platform can be likened to past casual gaming platforms such as Miniclip and Addicting Games, an easy-access online platform that acts as an intermediary between arcade games and casual gamers.

Fancy Bird will be the first of many games launching on Fancy Games’ arcade platform. With the initial design inspired by Flappy Birds, Fancy Bird has taken it to the next level by incorporating customized game modes. The game aims to monetise and create an open economy through the introduction and use of the 8,888 Fancy Bird genesis NFTs collection. Users are required to hold NFTs to play the game and earn FNC by completing games, daily / weekly quests. FNCs can be used as an in-game currency in the Fancy Games’ ecosystem, with special features such as bird customisation and upgrades, NFT redemptions, tournament entries alongside as well as a governance token.

Personalization capabilities for Fancy Birds NFTs ensure that all Fancy Birds have a unique appearance and persona within the Fancy Games platform, reflecting a players’ time spent in-game and skill. The customization aspect also fairly rewards a player, as opposed to a pay-to-win model where users are rewarded for the amount of money spent within a game.

Fancy Bird’s gaming experience will be split into two main parts: PvE and PvP

1. PvE will be a single player mode that players will mainly use to complete daily and weekly quests. It can predominantly be seen as a Vanilla game mode with implementations of difficulty levels such as easy or hard mode
2. PvP v1 will mainly focus on a tournament or arena system, where players will have to pay an upfront FNC cost to participate for larger rewards. PvP v2 will include live multiplayer implementations where Fancy Bird players will be able to see and compete in real-time

As Fancy Bird continues to grow, the influx of new players will require Fancy Bird NFTs to both play and help contribute towards the growth of the Fancy Games platform. This is solved through the introduction of a breeding system. The breeding process is similar to Axie Infinity’s, where two Fancy Birds can be used to form an egg that will eventually hatch into another Fancy Bird NFT (Will not be included within the Genesis Collection) after a few days. The introduction of the breeding process adds another form of strategy within the Fancy Bird game, as the breeding process will include uniques, traits, and mutations.

Project Highlights

• Major investors in the first seed round include Kain Warwick from Synthetix, angel investor Santiago Santos (ex-Parafi), 0xMaki from Sushi, Anton Bukov from 1inch, Ryan Fang from Ankr, Stani Kulechov from Aave, Tyler Ward from Barnbridge, Richard Ma from Quantstamp, Joey Santoro from Fei Protocol, the Tokemak team and more
• 200 OG Birds with 4 NFT allocations each, 1,500 Early Birds with 2 NFT allocations each, 700 Birds reserved for partnered Guilds, 4,388 remaining Fancy Birds available for public sale

Quick Metrics

• Public Sale Token Price: 1 FNC = 0.05 BUSD
• Total Token Supply: 1,000,000,000 FNC
• Launchpad Sale: 325,000 USD (split into multiple pools)

Investment Thesis
Ability to Adapt Quickly Within the Play-to-Earn Ecosystem
Fancy Games being a multi-game blockchain platform, provides a one-stop shop experience for casual play-to-earn gamers provides Fancy Games with an adaptability advantage over other traditional play-to-earn games that solely focus on one genre of games. Currently, it is difficult to switch between play-to-earn games due different networks and chains, locked up funds on various games and or having funds locked up within a specific gameplay. Taking into consideration the speed of innovation within the space, trends within the crypto gaming environment could rapidly change as can be seen with the introduction of other game-to-earn concepts such as move-to-earn, as such this provides Fancy Games the ability to pivot a lot quicker, through identifying and implementing games that are aligned with current trends.

Furthermore, by having a platform that provides multiple play-to-earn casual games, Fancy Games is able to help onboard its users looking to enter other play-to-earn trends and games. We’re confident that given almost everyone on a subway or underground is playing on their phones, GameFi can easily attract and drive adoption from ‘the smartphone generation’. Fancy Games provides users the ability to access multiple play-to-earn games and trends whilst removing the barrier to entry in the form of locked funds with the introduction of FNC, a single native token for the platform. The ability to play multiple play-to-earn games on a single platform is much less intimidating for users, hence giving Fancy Games a unique opportunity to bring in additional daily active users to the platform, play-to-earn trend and general ecosystem.

Combination of Successful Business and Gaming Models
Fancy Birds takes inspiration by combining proven and successful business and gaming models from Fortnite, Axie Infinity and Flappy Bird. For example, the introduction of Fancy Birds as the first game on the platform is able to leverage the success and popularity gained by nostalgic games such as Flappy Bird. When it was first introduced in 2013, it immediately grabbed everybody’s attention, becoming one of the most popular free to play games on both IOS and Android. By January of 2014, it managed to gain a total of over 50m downloads and was the number 1 downloaded free game in over 53 countries.There was nothing inherently special or complex about it but users who played the game, oftentimes would spend hours on the game, chasing a new high score — now imagine playing the same game but with the inclusion of crypto capabilities. With Fancy Games providing a casual play-to-earn gaming platform through games such as Fancy Birds, it also provides the added benefit of being able to tap into the largest market sector for gamers as 56.6% of gamers consider themselves as casual gamers.

Fancy Games is able to take the success of casual games one-step further, by introducing the play-to-earn aspect. With the ability to play the same nostalgic games such as Flappy Birds and combine it with monetization and in-game token utility, it allows games from the past to be seen in a new light. Furthermore, the introduction of the Fortnite model for bird customisation and aesthetics adds an extra dimension within the game, as users are able to personalise their Fancy Birds NFTs with limited edition collectibles. In addition, many of these limited edition collectibles will be released similar to how Pokemon expansion packs work, they will be live for a certain period of time but once it concludes the only way to get a hold of them is through the secondary market. One of the reasons why this and the Fortnite model is so successful would be that it allows for numerous different and continuous partnerships to be easily established within the Fancy Games platform. Therefore, it enables Fancy Games to connect with various different user bases, creating an ecosystem that thrives on one another.

Exciting Upcoming Features
In the future, Fancy Games will start introducing additional games within their ecosystem, providing players with extra flexibility through additional opportunities to earn FNC based on their own gaming strengths and abilities. In addition, expect to see further introduction of guild partnerships with Fancy Games, providing a greater competitive edge in terms of both strategies, leaderboards, and the monetary rewards for top percentile players within Fancy Bird’s PvP game-mode and the Fancy Games platform and ecosystem itself.

Furthermore, the introduction of a dual-token in the future will be included to accommodate for other games on the platform. What this means is that FNC will remain as the main governance token but in-game reward tokens used can be specific to each game. Finally, Fancy Games will also have plans for games who would like to join the platform through a simple process by providing SDK implementations.

Experienced Team in All-Aspects
The Fancy Games team is led by Jesse, who is first and foremost a gamer through and through but with impressive experiences that encompasses all aspects of gaming — from competitive gaming to NFTs and GameFi. Coupled with a team who have decades of blockchain experience building out various different products, giving Fancy Games the advantage of having the necessary expertise in both areas. If there’s anybody you want to lead a game, it would be Jesse and the team because they understand what is necessary to make a platform of this magnitude a success and with a vibrant discord of over 35,000 supporters.

FNC Token Metrics

• Total Token Supply: 1,000,000,000 FNC
• Tokens Allocated to Impossible Launchpad: 325,000 USD (split into multiple pools)
  - Standard pool: 150,000 USD
  - Unlimited pool: 150,000 USD
  - Whitelist allocation: 25,000 USD
• Public Sale Tokens Released on Day 1: 0%
• Public Sale Tokens Released after a 3 month cliff (on 14/03/2021): 100%
• Public Sale Token Price: 1 FNC = 0.05 BUSD

Risk Evaluation
As with any pre-launch blockchain games, there is a risk as to the expected popularity of the game and whether the game will be adopted. However, with the team’s strong experience in game development as well as the large amount of existing following on Fancy Games, there is confidence that Fancy Games platform games will be popular.

As mentioned earlier, traditional games often need rebranding or game-play redesign that will keep players engaged, ensuring the long-term sustainability and success of the game. Although it is often difficult for games tied to monetization to upgrade gameplay without disappointing some players, Fancy Games is able to work around that by taking advantage of opportunities within GameFi. By continuing to introduce games of similar nature onto the Fancy Games platform, FNC is able to scale in token utility and the platform will continue to have new and interesting offerings that keep platform users engaged.

About Fancy Games
Fancy Games is a game studio and gaming platform for play-to-earn, NFT, and blockchain mini games. They will bring casual play-to-earn to the masses through PC and mobile. FNC is going to be the main governance token for the ecosystem as they expand to more games in the future, with Fancy Birds being their genesis game! FNC token will also be used to stake, vote, and upgrade your gaming experience.
Website | Medium | Twitter | Discord

About Impossible Finance
Impossible Finance is a multi-chain incubator, launchpad, and swap platform led by Ex-Binance & DeFi veterans. It offers a robust product-first ecosystem that supports top-tier blockchain projects to targeted user audiences. With extensive support from key leaders in the crypto industry, Impossible Finance simplifies DeFi for users to enjoy fairer investing, cheaper trading and better yields.
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Impossible Tokens
IDIA token is the core governance and access token for allocation into our launchpad IDO sales.

IF token is the core governance and fee accrual for the swap and other non-launchpad products within the Impossible family.

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