Altcoin Alerts x Good Games Guild AMA Recap

6 min readOct 26, 2021

Altcoin Alerts Community had an Ask Me Anything session with Wilsen (Co-Founder) from Good Games Guild on 25th Oct 2021

Segment 1: Good Games Guild & Q/A with Altcoin Alerts Team

Altcoin Alerts: Hey Wilsen, welcome to Altcoin Alerts Community
Nice to have you today

Wilsen: Hey guys! Glad to be here 👋

Altcoin Alerts: How are you doing Wilsen?

Wilsen: Super great! ETH bounce back to $4,100 level
It’s nice to see right

Altcoin Alerts: Absolutely 🤑
Let us start the AMA with introduction.
Can you please introduce yourself & your journey in the cryptocurrency field? Also, please introduce Good Games Guild.

Wilsen: Hey guys, I’m Wilsen from Good Games Guild. I have been crypto since 2017 on the ico season and first project I bought was Ethereum. Good Games Guild is a Gaming Hub that aims to create the largest virtual world economy by optimizing its owned assets to get maximum yield. GGG also sponsoring play-to-earn gamers, investing in play-to-earn games along with their in-game assets.

Altcoin Alerts: “virtual world economy” that seems fascinating.
Good Games Guild has features like “Rent NFTs To Earn”. Please share more details about it and all the features Good Games Guild Platform has to offer to its users.

Wilsen: Rent NFT To Earn is one of the most ask feature. So, GGG will act as custody and help to select the right scholars. Renter will get reward split from the game. For the first phase we will support Axie Infinity and many games in second phase like Legend Fantasy War, Demole, Pegaxy, Cyball, etc. This feature will help GGG to scale up their AUM (Asset Under Management)

Altcoin Alerts: That’s interesting!
When are we expecting Good Games Guild NFT Marketplace to go live? Also what are future plans, please share roadmap and what’s coming next after IDO.

Wilsen: You guys asking very good question
Detail to product
Lovely

Altcoin Alerts: Yeah, that’s what we do 😊

Wilsen: NFT marketplace will live around Q1-Q2 next year and it will act to host NFT drop/sales. Also will act as secondary market. The NFT marketplace will give additional revenue stream beside other business activity
The best part is our revenue from NFT marketplace will be distributed GGG token holders thru one of the vault

Altcoin Alerts: Our audience is very excited to know about “Good Games Guild” public sale/IDO. Please share IDO details and your backers/investors & partners.

Wilsen: Well

Here is our investors line up. Quite a list with OKEx Blockdream Ventures, Chromia, Illuvium, NGC, LD Capital, Master Ventures, AU21 and many on the list
You can read full announcement here https://medium.com/@goodgamesguild/good-games-guild-raises-1-7m-in-seed-private-funding-round-2ae04dc83b26
And for the IDO

We will conduct our IDO on early November on 3 IDO platforms; Seedify, Ignition and MoonStarter. GGG token will list on November 5th. I personally very excited with the launch
Also please find full announcement here https://medium.com/@goodgamesguild/ggg-announcing-the-triple-ido-on-seedify-x-ignition-x-moonstarter-3b8143441efb

Altcoin Alerts: Amazing!

Segment 2: Twitter Questions

Q1. Can you explain about how you choose the players who are eligible to join this scholarship program? Does every player who register has to take a certain eligibility test in order to be accepted as a scholarship player?
https://twitter.com/jonicartel/status/1452498201022500866
Wilsen: Yes, every candidate will take a test and who pass the test will get selected as GGG scholars. We use our discord to do the selection right now
Once our dashboard ready we will do it on our own platform. The dashboard will go live in the next month and we also will open the scholarship program for other game beside Axie from our platform as well

Q2. In regards to the Rent To Earn, I think it’s kind of unfair if I rent my NFT to be used and I get just 40% while Scholars get 50% while I pay you 10% service fee. Why do Scholars get half of the rent? What other incentives would GGG be giving users who Rent their NFTs to earn?
https://twitter.com/Kambon12345/status/1452271200957239301
Wilsen: Well, it because GGG scholar is highly motivated and give big dedication for the scholarship program. Our split is 50% to scholars and 50% to GGG treasury right now and they will keep upgrade their mechanics and also in game knowledge
For the renting, GGG charge 10% management fee to help the renter forming the best team possible and select the right scholar to utilize the asset. GGG is super intensive in monitor and educating the scholars to get maximum outcome possible

Q3. In terms of Security, What work has been or planned from the following?
1- Have You gone to through any Audits yet?
2- Have You Partnered with 3rd party Security Companies?
3- Do You plan to bring bug Bounty Program for the community?https://twitter.com/Ipman15547444/status/1452225664959098885
Wilsen: We are working closely with 3rd party and all I can say is audit is on going. We want a safe platform for our users both player and renter
For the bug bounty program, hm I believe we havent discuss about it yet and it’s good idea
We will consider it to maximize security on our platform
All things needed for the safety

Segment 3: Good Games Guild Q/A with Community

Q1. Your “SCHOLARSHIP PROGRAM” is also running & from that You are Generating source,
What are the other Source of Revenue that GGG is making?
Wilsen: Good question. We will have several revenue stream, the first one as you mentioned the scholarship program which already generate more than 2 millions SLP. Other revenue stream will come from Axie breeding, scholarship on other games, NFT marketplace and also selling the NFT in secondary market

Q2. You have also cooperated aith Big Esports Team,
How will this help to bring Non-Crypto users to the platform?
Wilsen: Cooperation with e-sport team absolutely will help expanding to mass market. We’ll collaborate to introduce blockchain games especially the play to earn mechanism with the partner. Also, educating thru social media content + live stream playing blockchain games especially gaming project who already partnered with GGG

Q3. I noticed that GGG is not a Game, but GGG is a Yield for NFT. So, how does it work? How does GGG optimize the value of an NFT assets to bring revenue to its owner? And how is this revenue will be distributed? Can you give us more explanation about this?
Wilsen: As you may know we have several revenue streams and we’ll distribute the revenue thru certain vault

Q4. As I noted that Rent To Earn is one of the key features of GGG, as user can rent NFTs. What are the requirements of the collateral and time of renting a NFTs? What measure do you use to ensure the benefits for both renter and rentee?
Wilsen: No need the collateral because GGG will act as custody. Renter could monitor the scholar performance thru our dashboard and could compare their performance to the average player. So if their scholar isnt good enough the renter could ask to change. GGG also will help the scholar to keep improving their skill and in game ability

Q5. Do you have any staking features where I can stake my $GGG, to earn some passive income?
Wilsen: Absolutely, we have staking as one of upcoming feature to give reward to our hodlers!