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This past week, we had the great pleasure of hosting Minseok Kim, CEO of Sotem Mobile, on our Telegram for an AMA. Sotem Mobile is responsible for the upcoming game Lord of Dragons, which just listed its native token, $LOGT, on Poloniex! We were able to gain various insights like Kimâs thoughts about the blockchain gaming industry, what sets Lord of Dragons apart, and what blockchain gaming provides that traditional gaming doesnât. Thank you Kim for hopping on to tell us what you knowđ
Recap (transcript)
Poloniex: Hello everyone, welcome to Poloniexâs telegram channel! We are delighted to have MINSEOK KIM , CEO of Sotem Mobile as our AMA guests. On behalf of all the community members, we would like to extend our warmest welcome and good wishes. Thank you for coming today!
Minseok Kim: Nice to meet you. Iâm Minseok Kim, CEO of Sotem Mobile, who is planning and developing Lord of Dragons.
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Poloniex: Please share with us the background of Lord of Dragons (LOGT) and how it actually runs under the blockchain environment.
Kim: We have sharpened our skills and expertise in creating MMORPG such as Dragon Raja, Dragonica, and East Legend.
Recently, we have directed all of our accumulated know-how towards the development of LOD, a blockchain-based MMORPG. Our goal with LOD is to bring an authentic MMORPG experience to the blockchain gaming market.
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Poloniex: What is your perspective on the prospect of blockchain integrated gaming products? Can you tell us more about how blockchain technology blends into the gaming ecosystem and Lord of Dragonsâ role in this industryâs future growth?
Kim: The Covid-19 outbreak has caused people worldwide to spend more time at home, resulting in a significant increase in playtime. As a result, the global mobile game market is expected to reach $100 billion by 2025.
The adoption of blockchain technology by game makers and the popularity of play-to-earn (P2E) games are key factors driving market growth. Despite this growth, the blockchain game market still lacks high-quality games.
Our team brings over 20 years of technology and know-how to the table. With our latest project, LOD, we aim to contribute to the development of high-quality games in the blockchain gaming scene.
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Poloniex: There are tons of âgaming related blockchain projectsâ fighting for their market share in the current industry. How do you see your project competing?
Kim: The blockchain game market, particularly in terms of P2E elements, is already quite competitive. However, when it comes to the fundamental aspect of âplay fun,â this market remains a relatively new category with significant growth potential.
The MMORPG genre, in particular, requires extensive development time due to its complex and immersive world-building. As a result, many game studios have struggled to successfully introduce MMORPGs to the rapidly evolving blockchain market.
Nevertheless, we are determined to launch our MMORPG soon. Rather than competing with the market, we aim to set an example and lead the way!
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Poloniex: Compared with âtraditionalâ gaming products, do you think Lord of Dragons is required to provide a better or even a new kind of gaming experience? Can both the modern and traditional gaming world coexist, learn from each other and grow together with blockchain technology?
Kim: In our view, the âtimeâ element that players invest in a game should be rewarded with both âfunâ and âreal value.â
We are committed to providing a gaming experience that not only incorporates real economic incentives and rewards for players but also demonstrates and strives for the integrity of the game through blockchain technology.
Additionally, we believe that blockchain games and traditional games can coexist. These two types of games offer different gaming experiences and target different types of players. While blockchain games can attract players who are interested in getting real value from gameplay, traditional games can appeal to those looking for more conventional gaming experiences.
Moreover, it is possible to integrate blockchain technology into existing games to enhance capabilities, such as activating player-owned virtual assets.
To further promote growth and development through blockchain technology, game developers and publishers should consider working together and sharing best practices for integrating blockchain technology into games.
Alternatively, the gaming industry can leverage blockchain to create interoperability between different games and the gaming world, allowing players to use their assets in multiple games. Ultimately, this will help both types of games to thrive and open up a new game market.
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Poloniex: What has Lord of Dragons accomplished to date and what are the current use cases of LOGTÂ token?
Kim: We recently provided an open beta service to users and are currently conducting a closed beta for our partners.
During the three-week user beta service, which was stealth to an unspecified number of people, we achieved UAW (user active wallet) of 15K without any marketing promotion. Players from 105 countries around the world participated, providing valuable feedback.
We are currently working on a partner-only closed beta for partnerships, with participation from various communities in different countries. Through partnerships with these communities, we aim to build a stronger and wider ecosystem that will grow together.
LOGT plays a crucial governance role in this ecosystem. As we mentioned earlier, the userâs playtime reflects their contribution to the game, and users with more playtime will have a better understanding of the game and participate more passionately in the ecosystem. Players with LOGT will enjoy various benefits and incentives and will be eligible to lead and decide the future strategy of the game.
Furthermore, LOGT will be used to strengthen your character, community, or guild in the game. It will also be used to take advantage of large battlefields, resulting in more rewards, and the gameâs utilities will be expanded in various ways as the game expands.
As a fun fact for AMA participants, people with LOGT may receive a special NFT.
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Poloniex: Hey everyone, hope you heard that. Here you can visit https://lordofdragons.io to download the game. Next question, Are there NFTs in the game? What will it be used for?
Kim: We have recently introduced âPlay to Mintâ as an addition to the âPlay to Earnâ element in our ecosystem. This means that more passionate players and guilds will receive LOGT and have the opportunity to obtain NFTs as a reward.
We believe that NFTs are an important and exciting element in our ecosystem, and we are currently exploring various ways to use them. As the game and ecosystem continue to evolve, we will provide more information on how NFTs can be used within our platform. We encourage everyone to stay tuned for updates on this exciting development.
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Poloniex: Can you tell us a bit about your current roadmap?
Kim: While we are working tirelessly towards the official launch, we view it as just the beginning of our journey. Our goal is to continue to provide fresh and exciting content to our users through regular updates and events. We are also exploring potential partnerships to bring more users into our ecosystem.
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Poloniex: Time flies and we are heading to the last question. Where can Poloniex users learn more about Lord of Dragons?
Kim: Through our official website, you can access our Twitter, Discord, Medium, Gitbook, and other channels. We hope you continue to show interest and support. Thank you.
Through our official website https://lordofdragons.io , you can access our socials:
Twitter: https://twitter.com/Global_LoD
Discord: https://discord.com/invite/lordofdragons
Medium: https://medium.com/@Global_LoD
Gitbook: https://docs.lordofdragons.io
We hope you continue to show interest and support. Thank you.
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Poloniex: Thank you all for being here today and taking time to join the LOGT AMA, I wish you all a blessed day. Thatâs all of the questions for todayâs AMA, many thanks to MINSEOK KIM. It was an amazing conversation with him, as we learned a handful of information about Lords of Dragons and the detailed concept behind blockchain gaming.
Thatâs the end of todayâs AMA, thank you!
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Lord of Dragons Telegram AMA Recap was originally published in The Poloniex blog on Medium, where people are continuing the conversation by highlighting and responding to this story.
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