The GuildOS Insider Chapter 3: Crypto Winter Survival Tactics
With the occurrence of recent events such as FTX crash, this crypto winter spares no entity. All within the Web3 ecosystem (including…
With the occurrence of recent events such as FTX crash, this crypto winter spares no entity. All within the Web3 ecosystem (including GuildOS) will be, or already has been affected.
Bring the coffee cups and start brewing. We’ll be sharing three ways the GuildOS team will be moving forward:
Focus on What Works
Every product is catered towards a particular audience, varying from a wide range of users, GuildOS have always been focused on guild owners and scholars.
At its inception, the idea was founded on providing for guilds specific to Axie Infinity before it pivoted towards integrating with multiple games.
What has consistently worked for us were features that catered to users’ needs; such as the onboarding of users with wallet data to asset transfers through tasks or claims. Each fundamental feature was refined to improve on the usability while sticking to what works well.
Mix and Match
GuildOS hosts plenty of features, but not every feature will be viable in the near future as the market shifts and demands change. This crypto winter is no different as it acts only as a catalyst to filter out rug pulls and other entities that do not align with innovation.
The team at GuildOS has been exploring ways to mix and match our features to form different workflows. To deviate from GameFi 1.0 and transition to the next version through innovative feature enhancements.
For instance, if the market data continues to trend towards smaller guilds and more towards individual scholars who can play and earn for themselves, we might explore modifying the permission system to cater more towards the individual instead.
Get Creative with the Underlying Technology
Leveraging off blockchain technology, GuildOS can potentially make use of on-chain analytics to provide an outlook on performance.
This could help in many ways such as providing investors with an angle on where to invest, with gamer’s lifetime history recorded. Take for example, if this were to be applied to eSports, historic data of all scholars or players can be seen, assisting eSports teams to make better decisions during recruitment.
This could open up to areas such as DAO tournaments as well, aiding in the acquisition of sponsors.
Food for Thought
The recent market crash has reminded everyone how turbulent the Web3 space can be. At the same time, big exchanges are now pressured to show proof of reserves, strengthening the use cases of DeFi protocols.
These reactions can play a positive note for the good of Web3.
Tag us on Twitter @guildosio to let us know your thoughts and comments!
Don’t forget to keep your feature requests coming in and if you have any suggestions to help us improve, drop us a line at email@example.com
Winter is here, onwards!