Nine Investment Niu Fengxuan: How to Pick the Best Job in the Meta-Universe How to Do Good Business

With the popularity of the meta-world strategy, chain games like Axie Infinity and Crypto Blades have appeared one after another. . As popularity continues to rise, blockchain games have seen success. Whether they are players or investors, they are concerned about the future of the metaverse. So, Fengxuan, partner of Sky9 Captial and veteran of the game industry from the point of view of the investment company VC, knows how to see the present and the future of Metaverse, seek and invest in a great sports plan.

Please briefly introduce yourself.

Niu Fengxuan: I first developed DappReview, a blockchain-based decentralized application data and monitoring platform. At the end of 2019, the platform was acquired by Binance to participate in the development of Binance Ecology. In 2020, Binance acquired CoinMarketCap earlier this year, the market leader in CoinMarketCap products for six months, and launched the Binance ecosystem in May this year. Current VC Organization: Sky9 (Cloud Nine Capital) is responsible for investing in blockchain projects.

Talk about your understanding of the meta world.

Niu Fengxuan: This is an important point. Everyone has a different understanding of what Metamonde is, and every situation is different.

In this sense, the content of the meta-universes differs in terms of web2.0 and web3.0. Named after Roblox (known as the First Unit of the Meta-World), the Meta-World is a group involved in Web 2.0 logic. I develop (development) tools and design the framework and the rules of the world. These procedures and rules allow developers to use these User Content Tools (UGC) to create themes, scenes, games, props, etc. then apply the vehicle model to end users C to make them work. . Take a closer look at Roblox and some of the products (outside of the blockchain circle) they usually work for this purpose.

In fact, here I understand the meta world as a user more encrypted in the content of web3:

First, the infrastructure is sufficiently open. No authorization required,Developers can use not only the use of intelligent development scenarios, but also develop intermediate products and export protocols of the following processes. From now on, we can design and implement different versions of Ethereum and design and deliver an interface for each user. Indeed, if this was the basis of meta-worlds, users would still have to create something that uses interfaces and tools defined by others. The reason is that once the opening only reaches one level, it cannot go all the way to the bottom.

Second, user data, information and assets are not halfway there.Everyone, including the developers, you, me, and us, are free to inspect and examine the data, but not the data itself. For example, for chain data, we can analyze the data of the specific address to find out how this type of operation was done, the type of medium and the process used, but we do not know who is the user in particular. . Whether it's web2.0, Roblox, or other corporate meta-universes and products, their divide is in their users and apps and can be paid for them. But in web3.0, users of information, personal, etc. aren't the only company, they all are.

Third, in web3.0, meta-worlds and meta-worlds can communicate with each other.The reason for the medium is that they created a small world but nothing to do with each other. Blockchain has different applications from different chains, and everyone wants to connect chains on interconnected links. Comparative analysis, like the meta-universe and the meta-universe, will have bridges, like countries or continents, and then there will be planes like planes that connect countries or continents to form a meta-world.

In short, in this general context. The first point is that any building construction is open to developers, from bottom to top, anyone can contribute to building bricks like DeFi Lego. Third, not only is a meta-world a meta-world of meta-worlds, it's also a meta-world, and other meta-worlds are integrated and together into a larger meta-world.

At what stage is the current encrypted meta-world evolving? What new models can emerge in the future?

Niufengxian:I think the current step is 0 to 1, close to 1.The meta-world structure is already there, but the meta-world is now simpler and lower, and the gameplay is as easy as a demo, so anyone can assume that's not a good deal. and that it attracts many listeners. users. If you include a few recent metauniverse projects except for the second category of user data that I just spoke about, the first and third terms cannot reach because this data exists in the presence of the blockchain, so what the future we reserve remains to be. There is room for improvement.

And it is divided into two main parts, one is the place to grow and think about what we can foresee, and the other is the place to think about what we cannot foresee because the field has known. rapid growth. Few can guess that this looks like an improvement over DeFi last year. Only Maker in 18, 19. I think DeFi is good, but I don't think anyone has estimated that DeFi could block trades from $ 1 billion last year to $ 100 billion today. Some mining and gameplay modes like first pool and second pool were triggered immediately in DeFi, so I think the evolution of the meta world requires meta-universe gameplay after thinking and can't see. Whether it's a business design or the way players interact.

Use of Yuan Eve first, first, first, how to play in Yuan city. For example, NFT hangs in easy ways, Yucosianian's Tibetan Library. NFT of other Denatured games is the difference, and there is another carrier to use the NFT add to the movie, so play NFT. And this meta has more gameplay. Now, yuzcos games games are very easy. The most important gameplay is short, it's easy to play, it is easy to play. Like Axie, it's not a new word than a traditional game, but it is not a new one of the newly the number of customers and actions to desire. I want to spend more time in the daily game. In the space, if the user comes into and turn the cycle, the user's continuous construction is that the main product and logic is not enough. But as well as Roblox's scene, I'm still far, and I can't meet it.

Also, that doesn't mean you want to create a meta-world style of play like "Ready Player One". "Top Player" has rules for cleaning up and growing in a more realistic style like the real person in the game. I think the meta-world shown in "Ready Player One" is just one of the meta-worlds because not everyone wants to live a different life in the virtual world. Pixel style, like the world of pixels. Some people like the 2D style, some people like the 3D game world, some people like realistic things, and some people like cute things. So, at the end of the day, what the Metaverse provides is that as long as a person develops, they can play in whatever world they want. The meta-world shouldn't have a shared value. There is only one way to play. In this case, the average clearance is sufficient. Each community has a difference in the value and beauty of the meta world, you need to be able to do a variety of scenes and meet the long term needs of different people.

Returning to the problem, I consider these steps ranging from 0 to 1 to 1. There is already a design or process created by blockchain. Everyone has the idea of ​​applying the following procedures for the exchange of assets, materials and prices. When it comes to skyscrapers and floors, there are ways to cover skyscrapers. It's not clear how we developed the apps and how fun they are, but we're still hitting the air.

As a VC organization, if you are looking to invest in a metaverse project, what should you look for in your startup team? In other words, what better way for this sales team to stand out in the market through multiple games?

Niu Fengxuan: Thanks to the investment,First of all, the team itself is the first priority when it comes to investing. The team must be long term and stable.As the market is very cyclical, there may be a 3-year bear market and a 1-year bull market. Like the groups that enter the market between the ages of 18 and 19, they typically exit before the bull market between the ages of 19 and 20, and only the groups that survive the full cycle will benefit from the beef industry and trading activity. division.Like in Asia, it started after 18 years, and it was very difficult at the time, including from the age of 20., then deleted this year. Many groups were not alive or alive and the results were cold. So you need to be able to survive in the team itself, not in a small group that earns money quickly. No matter what you do, your team needs to have a starting point and a specific goal to do it. Its very important.

We will also decide to divide the companies into different categories. For groups that are part of construction / equipment, like meta-world execution contracts, interactive NFT contract in a single NFT, etc.Then, the team must first make sure that the technological resources are still strong enough, and second, the business knowledge must be very high or can be learned quickly, and be able to integrate new products with the rapid growth. Of the industry. for what they are doing now.Regarding the guidelines and framework of the team, it is necessary to consider whether these guidelines are appropriate and how the team can develop a complete set of procedures. For example, in order to design a process, consider the circumstances under which the process should be used, and how to clarify the content of the process and how to call the process difference to meet everyone's needs. At the same time, the team close to the basic equipment must be able to work enough to make this process accessible to enough people. Regulations like ERC-1155 have been delayed from the start, taking 2-3 years on average, and then a year and a half after their first application for Ethereum standard certification. So, during this time, many people joined the policy to improve this process, the other is that more and more new developers continue to use this process, gradually build consensus and community movement. Growth can be accomplished without boredom.

For an additional layer for layer of layers, it depends on specialty layers. In the inside of the UNIverse, there will be no game, relationships and other fun, we can still give it defi in the future. Open your computer daily, enter the world, pick up, pick up your donations, you don't have to open your browser. In any abcd multi-browser windows, just windows are first, but b window is just a second job. Then all the next thing can happen in yucosian, you can communicate game, can you make this game, you can do this, you can do this, you can do this yuzai optional together. For example, the UNI team has developed the plugin for uniswap. Yauranai's Proact group quotes everything and can load directly to Yaranai's world to all people can use it. . We also think that the world is also important in groups of groups now in the top application. The project must have an international agreement, and everyone has enough staff about this job. Of course, the premise work is clearly made of product and is constantly. Thus, the team should have a positive, possible potential, ability to operate, and sensitive and can learn.

Everyone wants to find their next game like Axie. So why should an entrepreneur seek out and invest their time in sporting potential?

Niu Fengxuan: I think it's true. Everyone is looking forward to AXS and UNI, but the growth of these projects does not mean that they can see the end result from day one. Also, I don't think Axie's early entrepreneurs could imagine Axie would be like today.

We discussed finances with the Axie team for 19 years and then Binance called them to join the fundraiser as well. At the time, I thought it was a blockchain game, and it was a place where everyone thought they could grow up. And this team has been working hard in this industry for a long time. The weather team is excellent and the hard working and hard working members are kind and good.

Many entrepreneurs in this process, constantly iterating and constantly overlapping their products with industry growth and innovation. Without the rise of DeFi last year, Axie wouldn't be able to accomplish what it is today. This is because Axie has a lot of gameplay and design spin to get or enjoy the idea DeFi gives you to a certain extent. Without DeFi, Gamefi would not be possible. The essence of Gamefi is to bring DeFi into the game. If DeFi doesn't explode and everyone doesn't know how DeFi is, Gamefi won't happen. So this is something that no one can really guess.

So from an investment point of view, we can only see a few points that we can see. You see the team, the leadership, all the leadership, the base, and over time they become friends. Gradually, over the course of a year or two, you consider how to repeat and review the models that have changed in the industry, and if you team up quickly and grow those models into their material, success is not far away. I think it's simple logic. It's impossible to find a team that can make Axie real at night. Switch places, taking a closer look at your team's background, skills and characteristics. If all goes well, it's time to move on. slowly. grow.