DEGEN Updates #1

Product Updates

  • 5/2/22: Launched NFT rentals and a brand new web app — promising early reads on renter retention, organic growth via word of mouth, content coverage on Twitch (from Brazil in particular) and referrals via Rental Passes. We reached +1400 active rentals within 11 days of launch with zero paid marketing spend.
  • 5/19/22: Created our new Twitter DEGEN Rentals Bot which tweets each time a DEGEN gets rented.
  • 6/2/22: Published an infographic highlighting the tokenomics-related aspects of our product/game roadmap (Tweet).
  • 6/2/22: Published a new Careers page, as we focus on growing our global remote team with our partners Braintrust and Blind.
  • We are currently building out our data visualization and data engineering pipelines with plans to move away from manual queries to dashboards that can be easily leveraged by the team and investors. Eventually we’ll leverage this foundation for our experimentation system.
  • Next week we will be focused on delivering Leaderboards, Gamer Profiles and the front-end flows to support the WEN Game. On deck for the following week is shipping a new feature giving DEGEN Owners and Sponsors the ability to set custom in-game earnings splits (aimed at increasing competition for recruits, and demand for DEGENs, especially those with Common backgrounds).
Tokenomics Roadmap 2022
Clubs Launch Stats Infographic

Game Development Updates

Nifty Smashers

Average Game Session Duration Over Time
  • Target Metric: Engagement. Our goal for the Alpha is for 1) 75% of the qualified players who played the WEN Game for the first time to return to play it again at least 1x within 7 days, and for 2) 30% of our total active player base to play the WEN Game at least 1x every 7 days.
  • The game is ready and playable, only blocked by authentication and integrating leaderboards.
  • We plan to build in additional engagement and retention loops by rewarding top players, regular gampelay, streaks, social features that leverage User Generated Content (UGC); an organic growth loop that’s proven successful in our ecosystem already.
  • The basic prototype is complete and deeper gameplay is in development and being prepared for the animation system and net-code integration.
  • Nifty Tennis will be used as a demo for decentralizing game development within our ecosystem — one of our ultimate goals here at Nifty League!
  • More details to be shared closer to the launch of Niftyverse.
  • After shipping the WEN Game, our game dev team will pivot to finishing our integration with our first collectible partner.
  • The goal with this collaboration is to leverage the co-branding and exposure that comes along with partnering with a top NFT brand while providing their holders with a high-quality gaming experience for added utility.

Marketing & Business Development

  • Meeting with marketing consultants for a several month project focused on marketing strategy, community building within gaming, and more.
  • Co-Hosting an event, TESHIMI Yacht Party at NFT NYC on June 23rd with the Forgotten Runes Wizard Cult and Worldwide Webb3 for DEGEN owners.
  • 5/2/22 & Ongoing: Partnered with Clubs (Guilds) as launch partners for Rentals as part of our GTM strategy. We issued partnership contracts and shared Rental Passes — which helped get their recruits (scholars, players) into Smashers, playing, streaming, and creating content for our ecosystem.
  • In total our Club partners have +8,000 active scholars. We issued +1,800 rental passes to our Club partners (with more to come in subsequent tranches) which helped increase conversion rate for players to get started in Smashers. Larger guilds with funds to invest chose to buy DEGENs outright for gameplay or rent DEGENs with rare backgrounds.
  • Hosted a Twitter Space with OpenDAO on 5/26 (421 people tuned into the space, the tweet received 193 RTs and 268 likes).
  • Successfully launched Satoshi’s First Test Tournament (64 slots, double-elimination, best of 3) and hit 66 CCV (Concurrent Viewers) on our Twitch channel (all-time high) during the Finals broadcast. Congratulations to our winner, SEIYA! Watch the full Finals match of SEIYA going head to head with PhenoMoneal on our Youtube or Twitch. Shout out to Gospodar for a job well done casting our Finals!
  • We plan to host another tournament in ~2 weeks which will be in a regional format (restricting time zones for players will help speed up tournament play, stream casting, and prevent language barriers).
SEIYA clinching the win in Satoshi’s First Test Tournamnet Finals (Full Video)
Tournament Banner
Nifty League Club Partners

Team Updates & Hiring

Our team has been growing like crazy the past few weeks.

In Memory of Moose



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