- Startup Name: GamersXP
- Year Founded: 2021
- Website: GamersXP.io
- Type of Company: GameFi
- HQ Location: Nicosia
The Gaming Ecosystem of blockchain
Problem Startup Solves:
Blockchain technology is the next revolution in the gaming industry.
With a decentralized architecture as its starting point, blockchain removes intermediaries to empower users, as the only decision-making authority and adds real-world value to virtual assets.
There are four basic obstacles the blockchain gaming industry must overcome:
1) Current blockchain gaming ecosystems are unable to provide a complete web2 and web3 gaming experience
3) Difficult onboarding onto web3, minimum user engagement for mainstream gamers, which are in the billions
3) No options for a holistic PoA ecosystem for PC gamers
4) No data ownership of Gamer’s achievements data. Gamer’s data are stored in every gaming platform separately, the ability to have ownership is none
Progress and Current Status
- Idea Stage
- Documented technology used and Software Development Requirements
- Request for offers and Revise offers for building our MVP Product
- Website and Graphics Material
- Agreed with Developers to build our Product based on our Requirements.
- Build our MVP Product, test and deploy our product.
- Company Formation.
- Come to an agreement with Overwolf to build our Software using their SDK that allows us to track gaming data.
- Published our MVP Product, developed a backend for the system administration.
- Partnerships with Industry experts
- Meetings with possible partners.
- Come to an agreement with a well-known industry partner (Sheesha Finance) for Advisory and funding services.
- Work on the business model and business plan of the Project and company.
- Change our branding appearance ( Logo, colors, website, etc).
- Prepare Legal Opinion ( Required for Token Initial Offering from Exchange.
- Tokenomics ( Economy of the project)
- Come with a pre-agreement with a Marketing Agency. Prepared our Marketing Strategy.
- Prepare our revenue based on the marketing strategy ( user engagement etc ) and cashflow forecast.
- Come to an agreement with advisors to help on the Project Strategy ( Business, Marketing) and possible partnerships with gaming and crypto industry experts but also with investors approaching.
- Started meetings with funding service provides, and gaming and crypto possible partners.
- In the process of onboarding new Team Core members.
- Prepared all documents needed for raising funds.
- Go-to-market / User acquisition Planning
What is an Inspiring Story about the Startup?
The most crazy story is when we achieve to have some very important partnerships with industry experts, having in mind that we are the first and only web3 company in Cyprus that came this far! Cyprus is a small island and we have zero opportunities to connect with other industry experts. We have manage to achieve that using our passion and dedication to succeed.
What is a Company the Startup Looks Up To, and Why?
A Company that my Startup admires is Tesla. Tesla team redefined the automobile industry through the use of technology. Also utilizing the concept that comes from IT of having the hardware and enabling features through software is a very great business model. Making the planet greener and driving better life through technology.
The Company in Four Years Will Be…
Company will expand the team to 30-40 people. We will develop the rest products of the ecosystem and onboard minimum of 180K users and have a minimum revenue of $20M. Also we will have partnerships with big Gaming Studios and also have our own inhouse gaming studio. We will enable web3 acceptance and adoption through GamersXP ecosystem.