UpOnly AMA Recap
UpOnly provides a directory for everything blockchain-based gaming and play-to-earn. Invaluable data, analytics, and insights. Users can bet on the outcome of play-to-earn games with UPO tokens.
On December 23, Natthapol Assarasakorn, CEO of UpOnly, joined us to answer our questions.
Natthapol Assarasakorn, CEO of UpOnly
I am an avid gamer and firm believer in the disruptive potential of blockchain technology. Before starting UpOnly, I led tech teams at major enterprises and oversaw the introduction of several blockchain-based solutions.
Questions from the CryptoRank team
#1. Can you tell us about UpOnly? What problems do you solve, both in the space and for the community?
Natthapol A.: – UpOnly is a comprehensive data directory for the play-to-earn and Metaverse industries. Similar to what CoinMarketCap achieves for cryptocurrency market prices, we will provide insightful and actionable data that play-to-earn and Metaverse gamers can use when navigating their spheres. Gamers are completely overwhelmed by the amount of play-to-earn games and Metaverse environments being released. They have no reliable source of data for such games and they struggle to discern where the best earning opportunities lie. UpOnly will help gamers identify the most lucrative gaming opportunities and will provide them with data that they can use to optimize their performance. Alongside the data directory, we are also building a predictions platform that will allow spectators to bet on the outcome of play-to-earn games. Spectatorship in blockchain-based gaming has been growing and we will position ourselves as the leading platform for spectators to bet on the outcome of such games.
#2. Could you briefly describe the milestones UpOnly has achieved, and about your upcoming plans?
Natthapol A.: – We recently coordinated three back-to-back IDO events which brought the UPO token to a wide audience. We worked with launchpad platforms Moonstarter, 0xBull, and Synapse Network to carry out these token offerings. In terms of a product, we have a preview of the platform ready for the public to view. We have been making stellar progress on the development and we will have our MVP and mainnet release in Q1 of 2022.
Questions from Twitter
#1. What kind of care will the UpOnly team take when listing a new game in their directory? Can we be sure that the games we find on this platform will have a minimum level of quality? Or will their purpose be to list everything new that comes out whether it is safe or not?
Natthapol A.: – We have put in place initiatives and systems to ensure that the projects listed on UpOnly are of a high standard and the data they provide is accurate and reliable. We will have our own team of analysts who will verify such data. If any play-to-earn gaming provider streams inaccurate or questionable data, their UPO stake might be slashed. In our long-term plan, we will set up lucrative bounty programs for community contributors to validate the data provided by third-party play-to-earn providers.
Moreover, we will only accept play-to-earn games which are of acceptable quality and which gamers are actually interested in. Our team of analysts will be working to ensure that such a standard is maintained. Not only will UpOnly provide data for play-to-earn projects that have a live mainnet but we will also provide coverage on the hottest upcoming projects. We will have sections in the data directory that cater to upcoming IDOs so that UpOnly users can easily monitor the latest play-to-earn and Metaverse projects. UpOnly users will not miss out on the biggest play-to-earn and Metaverse opportunities! We aim to be a credible source for P2E and metaverse projects so data accuracy is our priority.
#2. Can you explain how play-to-ear betting works and how the prediction platform works? What are the ideas behind the platform? And what are the requirements for your platform to earn?
Natthapol A.: – The idea of the decentralized predictions platform is to provide play-to-earn and Metaverse spectators with a way to earn from their activities. This is possible in the online gaming world where spectators can watch live streams and participate in spectator events and campaigns. Betting on the outcome of play-to-earn events will be as easy as holding UPO tokens and choosing from the listed events on the predictions platform. Those that bet correctly will be rewarded in UPO tokens.
It’s the full ecosystem of UpOnly data directory platform. Users can learn about a project, games and engage in games. Another option from playing those games themselves.
#3. If the data of some users is stored on the platform and this is something they absolutely do not want because they aim for decentralization and privacy. So how UpOnly collect the data of those users?
Natthapol A.: – UpOnly will not collect or store the data of users. Users can simply use the data directory anonymously and can connect their Web3 wallet to use the predictions platform. Third-party platforms can stream their data to the directory by staking UPO tokens.
Questions from Telegram
#1. UpOnly will provide comprehensive data on the rapidly growing Metaverse space. Could you give some information about what these data are? What support will UpOnly provide for blockchain-based projects launching their own Metaverse?
Natthapol A.: – UpOnly users will be able to make informed decisions for their activities within Metaverse environments. Instead of jumping into a decision, they will be able to answer questions such as:
- What kind of yield will this asset give me?
- How many times has this digital land plot been sold and who were the past owners?
- How many people are immersed in this Metaverse environment and what kind of assets are they interested in?
#2. How are the rewards calculated when we bet on the outcome of blockchain-based games, and what strategies should we create to increase our crypto holdings? You explained that UpOnly will provide comprehensive data on the Metaverse space. How many different ways do you obtain your data and how do you ensure its accuracy?
Natthapol A.: – First question, that depends on each game and the bet metrics. We will definitely share mechanics when the first gaming project is integrated into our platform.
We gain data from our internal research team, partnership with P2E and metaverse projects, and third-party providers. We’ll also verify by checking with original sources. Project owners can submit to be listed with us and update data by themselves.
#3. The consequences of incorrect data being displayed on the platform also affect the player’s rating of the game. As of just now, the price data on Coinmarketcap is wrong and leads crypto players to believe that their coin is going up. So what does UpOnly think about this?
Natthapol A.: – All data is tracked on-chain, it’s hard to falsify on-chain data. In case someone streams transactions to on-chain networks which are not organic, we are able to spot that. Especially gaming odds and potential earnings can’t be faked as they regulate themselves.