SparkPoint and ArcadeNetwork AMA: The Recap
And how is ArcadeNetwork unleashing the full potential of Blockchain and Gaming industry!
On September 6, 2021, Sparky Community welcomed another guest inside the #AMA room and he is from the ArcadeNetwork, Mr. Aman Singh. He substituted for Ms. Chinka G., their CEO, as she is not available during the time that the AMA was conducted due to some unforeseen circumstances. Regardless, Mr. Aman took her place as the company’s representative to the #SparkyCommunity.
ArcadeNetwork is dubbed as the first and only cross metaverse bridge. It is a decentralized platform that provides cross metaverse asset interoperability. Through Blockchain technology & NFTs, ArcadeNetwork creates a unified relayer bridge that enables seamless movement of in-game assets.
▶ Read here to know more about ArcadeNetwork
ArcadeNetwork is such a game-changer! Isn’t it? And since it is one of the newest partners of SparkPoint, we are as excited as you to meet them and know more about their project and so without further ado, let us proceed with the AMA Recap now! 🚀
The Recap
Introduction
Karan: Hi Sparkies!
It’s time for another AMA Session. This time we have Chinka and Aman Singh from ArcadeNetwork.
ArcadeNetwork is the world’s first decentralized platform providing cross metaverse asset interoperability. Making use of Blockchain technology & NFTs, ArcadeNetwork creates a unified relayer bridge that enables seamless movement of in-game assets.
Welcome Aman and Chinka to SparkPoint Community!
Before we start with AMA — Can you please give a small introduction about yourself?
Aman: Thank you, Karan for the welcome!
Aman: My name is Aman Singh (https://twitter.com/1996_amansingh). I am operations and marketing in charge at ArcadeNetwork. During my career, I have worked with varied niche industries, such as fintech, blockchain, study abroad, food processing industry and etc. for brand promotion and marketing.
Our CEO is Chinka Gupta (https://twitter.com/chinkaarcade). She has been working in the Blockchain space for almost 7 years now, where she worked on a variety of use cases and domains throughout the career, including insurance, banking, finance, edu-tech, trade finance, supply chain, and government. Enterprise architecture, blockchain architecture, technology consulting, team leadership and management had been some of the expertise. Having worked in the Blockchain Capabilities of tech giants like KPMG, PwC & Accenture and startups in the past, she realized that the true potential of blockchain is not yet unleashed due to limited adoption.
We started with ArcadeNetwork in January 2021, where we wanted to utilize the full potential of the blockchain for the Gaming Industry.
Karan: Thanks for the information. Let’s get started with a few questions before jumping on to Twitter pre selected questions.
Aman: Yes please. Go ahead.
Karan: How did you get into crypto?
Aman: Our CEO Chinka Gupta having worked extensively in blockchain technology consulting, realized that one of the best things and probably the primary thing that this technology started was to support financial independence and that’s where crypto comes into the picture. Getting her hands dirty in core blockchain implementation end to end, she realized there is more potential yet to be unlocked, especially in crypto. Hence she shifted her focus from enterprise Blockchain towards crypto in 2018 and that’s when she figured out, adoption is still lacking.
Later she decided that she wanted to do her bit to exponentially grow the current crypto community of almost 200 million today (which is still petty and strange in a world with a population of 7.8 billion people ) by increasing the adoption.
As per her, Gaming is something that doesn’t depend upon factors like age, sex, race, and even so-called ”skills” and just everybody can be a Gamer.
We want to create ample opportunities and values in the Gaming world using Blockchain and Crypto and use Gaming as a link to bridge the gap between crypto and non-crypto.
Karan: Interesting!
Karan: Explain what your project is
Aman: ArcadeNetwork (www.arcadenet.io) — It is a cross metaverse bridge for achieving Interoperability in gaming metaverses.
Assets purchased by gamers from one metaverse/game can be taken out and used in any other metaverse.
Eg. A sword from Sandbox can be taken and used in any other metaverse like Vulcan Forged, etc.
Crypto and blockchain space has huge potential but the problem is that the potential is not unleashed because of the low adoption of the technology even in today’s date. We wanted to bridge this gap between crypto and the non-crypto world and unlock huge values and opportunities and potential by making use of the gaming industry.
Karan: This cross metaverse feature excites me. Why the Gaming Industry?
Aman: As we always say, Gaming is one such industry that is independent of age, gender and race. Having more than 3 billion gamers in the world, the industry is a huge market but at the same time has some basic problems which if addressed, this industry can become a hub of opportunities.
Know more about the project:
No True ownership — https://youtu.be/_p_LFKEAkGM
No interoperability in the gaming world — https://youtu.be/iBr_8IDOIB4
Karan: Unique points of the project?
Aman: ArcadeNetwork is planning to provide following opportunities to the gaming world:
- Interoperability.
- True Ownership.
- Increased audiences for Games and Metaverses
- Increased in-game asset purchases.
- Metaverse Money Market.
- Small Developer Friendly.
- Standardization of Gaming World
By these products:
ARC Relayer Bridge
With Arc Relayer Bridge Boost your audience by enabling sharing of your in-game assets across the game boundaries. Arc Relayer Bridge makes it possible for in-game assets to move from one metaverse to another by making use of NFT and Blockchain Technology.
ARC Notecase
Multicurrency and Cryptocollectibe wallet (web and mobile) for holding, $ARC, NFTs and other partner currencies with a simplified UI allowing you to deposit and withdraw currencies on and from Arcade Net Platform at any point of time.
ARCVerse
Game developers who wish to launch and bring up their games or metaverses, but lack the investment & resources to fully develop it, can simply make use of ArcVerse which allows you to launch metaverses almost instantly without having your own assets and graphics.
https://www.youtube.com/watch?v=jj2qA8JK2Hk&t=76s
Karan: Last but not the least!
How big the team is and location? You can also provide their background
Aman: Our staff is made up of brilliant professionals in their respective fields. We have an experienced team working for with us around the globe, with Advisors guiding the project to succeed in the gaming market.
Following are the core members of our team-
Team
Chinka G, CEO | Founder — https://www.linkedin.com/in/chinkagupta/
Aman Singh | Marketing Lead — https://www.linkedin.com/in/amansingh1996/
Arhaam Patvi | Blockchain Lead — https://github.com/thearhaam
Abhinav Robinson | Full Stack Developer — https://github.com/AbhinavRobinson
Advisors
Ritam Gupta- https://www.linkedin.com/in/ritamgupta/
Luke Lombe- https://www.linkedin.com/in/lukelombe/
Jamie Thomson- https://www.linkedin.com/in/jamie-thomson-22908b26/
Andrino Agnas- https://www.linkedin.com/in/andrino-agnas-2473a3158/
Karan: I see Andy there. 😅
Aman: Yes. He is our member now.😇
Karan: Let’s get started with Twitter round.
Aman: Yes please.
Twitter Questions
Q: Tell us a little about the role of your tokens and project within the entire ecosystem. Will it act as a simple payment currency on all your products? Or will its holders have some sort of benefit or vote in the project decisions?
A: Arc Token is a fee settlement option but also works as a loyalty token for the ARC platform. The token also facilitates additional discounts to the token users for making any in-game asset purchases and paying the platform fee of any type in the ArcadeNetwork ecosystem. Yes, the token will also define the governance in the platform. Also Yes, the $Arc will act as a payment mode for all our products.
It will have the following functions-
1. For Fee settlement
2. For Staking
3. For Game dev financing and loyalty fees
4. For User’s attention and funding
5. For creating Token Scarcity
Q: What is the ultimate vision that your project is trying to achieve within the cryptocurrencies market? Obviously the whole space will experience huge growth in the upcoming years, but what role would you like your project to play in this?
A: The long term vision is to create values and opportunities in the gaming ecosystem by becoming a connector of games.
Just as Swift works in the banking world i.e. it connects and makes two banks talk to each other, we want to bring the same kind of data exchange and connectivity in the gaming world..
In other words, we want to be the “Swift of Gaming world” . Crypto and Blockchain helps realize this vision.
Q: Nobody can guarantee the security of a Smart contract. But Audit plays an important role to find out the known bugs of smart contracts. Can you describe how strong your security is ? Have you done an audit by any third party ?
A: Our team mainly comprises people working on the security and safety of the projects. Yet to ensure the safety of our platform we have gone through few audits. Among which Certik and NoneAudits are completed and few others are in the pipeline.
Q: Are you planning to integrate with other different blockchain technologies to expand the ecosystem and generate more trust?
A: The ArcadeNetwork platform includes several games and partners including DeFi11, NiftyPays, VulcanForged as well as founders of well-known projects.
Additionally, more such platforms are about to join us shortly!
Our ideal partners don’t just bring a name or opportunities, but rather bring community, reach and influence. This is what will drive ArcadeNetwork to a household name!
Q: Many projects have different types of token economics to maintain the ecosystem. Usually systems like Staking/Burn & Buyback are used, but do you plan to use a system like staking?
Karan: After this we will be moving to live questions. Get ready with your questions everyone.
A: Yes, we have options of Staking as well as Token Burn available with the $ARC.
Karan: Cool. Are you ready for live questions?
Aman: Yes. Let’s start.
Karan: Great!
Live Questions:
Q: The idea of the project is really unique and incredible, how did this idea come about?
A: Gaming is one such industry that is independent of age, gender and race. Having more than 3 billion gamers in the world, the industry is a huge market but at the same time has some basic problems which if addressed, this industry can become a hub of opportunities. Still, after such numbers, there is no robust platform to help the gaming community. This is how the ArcadeNetwork idea was born.
Q: What are the steps to become a part of your community, and start getting revenues? Where do we buy, where do we sign up? This looks like an amazing project!
A: To be a part of our community, all you have to do is join any of our social media, You will get all the updates there. As soon as we announce/launch anything, you will be posted.
Social Links:
Website — https://arcadenet.io
Telegram — https://t.me/ArcadeNetwork
Twitter — https://twitter.com/ArcadeNetwork_
Youtube — https://www.youtube.com/channel/UCizHGvEtXpbXl2swvafFsiQ
Instagram — https://www.instagram.com/arcadenetwork_/
Linkedin — https://www.linkedin.com/company/74678422/admin/
Facebook — https://www.facebook.com/ArcadeNetwork-104703925202276
Q: What is the role of tokens in the ecosystem? Where can people currently buy it? What would be used??
A: $Arc is one of a kind token. It’s not only a fee settlement option but also works as a loyalty token for the ARC platform. The token also facilitates additional discounts to the token users for making any in-game asset purchases and paying the platform fee of any type in the ArcadeNetwork ecosystem.
Following are the utilities of $Arc:
1.Fee settlement
2.Staking
3.Game dev financing and loyalty fees
4.User’s attention and funding
5.Token ScarcityTo know more about the $Arc, click on the link: https://arcadenetwork.medium.com/everything-you-need-to-know-about-arc-ab5ff6661700
Stay tuned to our Official group for the announcement of tokens and where to buy them!
Q: Revenue is an important aspect for all projects to survive and maintain the project / company. What are your plans and ways to generate profit or revenue from the token? In regard to this please explain your income model.
A: Yes, we do have a revenue model. But in a nutshell, In order for any gaming company to list on our platform they have to pay small fees.
On the other hand, every in-game asset migrating from one metaverse to another has to pay a certain charge.
Q: What are the competitive advantages of your project? What advantages do you have over competitors? What would be your project’s most similar contender in the market today in terms of scalability, security, features, and adaptability?
A: We believe we don’t have any competitors.
There is no such platform at the moment which is catering to these needs of the gaming industry.
But to answer your question, here are few strong features-
►Interoperability.
►True Ownership.
►Increased audiences for Games and Metaverses
►Increased in-game asset purchases.
►Metaverse Money Market.
►Small Developer Friendly.
►Standardization of Gaming World
ArcadeNetwork Official links
Website | Telegram | Twitter | Medium | Facebook | LinkedIn | Instagram
Did you just add ArcadeNetwork to your portfolio? Because we don’t see any reason for not trying! 😉 But you did well again, #Sparkies! We’re always glad that you get to discover a lot of good projects along the way and especially thru our #AMA Series! 🚀
It was nice having you here again! Until next time folks. Stay tuned for the upcoming #AMAs! 👋
Learn more about SparkPoint and SparkDeFi from the following links:
SparkPoint Website: https://sparkpoint.io/
SparkDeFi Website: https://srk.finance/
Trade SRK: https://srk.sh/trade
Trade SFUEL: https://srk.sh/tradesfuel
SRK-ETH on Uniswap: https://srk.sh/uniswap
Telegram Announcements (SparkPoint): https://t.me/sparkpoint
Telegram Announcements (SparkDeFi): https://t.me/SparkDeFiOfficial
SparkPoint Community on Telegram: https://t.me/SparkPointOfficial
SparkDeFi Community on Telegram: https://t.me/SparkDefi
SparkPoint Twitter: https://twitter.com/sparkpointio
SparkPoint Facebook: https://facebook.com/sparkpointio
SparkPoint Instagram: https://instagram.com/sparkpointio
SparkDeFi Twitter: https://twitter.com/SparkDeFi
SparkDeFi Facebook: https://www.facebook.com/SparkDeFi
SparkDeFi Instagram: https://www.instagram.com/sparkdefi/
LinkedIn: https://www.linkedin.com/company/sparkpointio
GitHub: https://github.com/sparkpointio
SRK on CMC: https://coinmarketcap.com/currencies/sparkpoint/
SFUEL on CMC: https://coinmarketcap.com/currencies/sparkpoint-fuel/
