In Defence of BitDot and On Ownership Coins
This is in response to a QT by @defifranz but also deals with tweets nested inside the thread: https://x.com/DefiFranz/status/2006366040704340065?s=20
We took $20k in funding from UNIKAT and Gamersky in exchange for 55% of our royalties.
UNIKAT
Gamersky
We're taking $15k in funding in exchange for 40% of our royalties.
Publisher TBA
Soar
This is just to reinforce the fact that there’s no point in building nice walls to your house if the foundations are weak. Foundations in this case being a project that people have interest in using or speculating on, with good growth projections and potential to hit pmf.
Outside of using crypto for compliant ownership rails, we're using crypto to exploit IP and add more cash flow to the business -- whilst simultaneously marketing the token.
We're tired of mints for games that never release or are dead on launch. Mints should be additional revenue for a game that's already live.
Demand more from your gaming NFTs. No game, no mint.
Our team has been exploring the prospect of tokenising our business long before the market knew what an ownership coin was. And we'll be here long after the tourists are gone.
Our thesis for ownership dates back to 2021, below is a sample of some of our thinking. As far as we're concerned our mission is complete. Our token is live. It's funded us already. Anything now is icing on the cake.
