We are here and focussing. But we are volunteer as well and game developers and designers and such don't work for free.
12 Jun 2023, 16:54
We are here and focussing. But we are volunteer as well and game developers and designers and such don’t work for free. Core group is here pursuing the goal ahead but everyone has bills to pay in the end.
We’ve been giving pitches and meetings with many projects and investment groups. Literally grinding nonstop with that focus in mind. We’ve done many angles. Emailing, calling, DM, meetings and video presentations, in person as well, etc. It is a ton of time and effort, but we’ve learned a lot and taken a ton of feedback.
However, this type of work was never done prior. Being “the first” investor to take the risk takes a lot more convincing then if this has been done before and they can reference past investors. The token is also 100% circulating and so our pitches about STARL token go nowhere. And the market is dogshit, so it takes a LOT of convincing for equity types of investment. They want to know how many daily users and gamers. We don’t have a lot. Couple that with the SEC and chaos, anyone that would have invested a year ago is just sitting and waiting now.
One of the main problems here is that we have a full game and game team that has only pushed and shilled to a crypto crowd. Crypto traders speculate but they don’t actually play the game. They expect others to game. And in a bear market they mostly all leave anyways so we are relying on a user base that expects others to play, and mostly are checked out.
If you look at the web3 gaming industry, it’s just a ghost town or botted environments. Or fake products and websites that pretend to have a product. 99% is fake and the 1% that are real have no gamers or have nothing released yet. This is the real problem. We have valid games and products but we are pushing gaming to a non gaming crowd, and when we try to go to the other side we are pushing crypto to a gaming crowd that hates crypto. This is the main nut to crack and it’s the theme we’ve been hearing over and over in these meetings. “Web3 doesn’t actually play games, and web2 hates web3”. Investors want to see the solution there, and not just another empty ghost town environment. It’s something we are really looking at on how to solve.
So, that is what we are doing.