GEMS is an Esports 3.0 aggregator platform within an O2O ecosystem.
Frumps | OIG: Welcome OIG to another special AMA! Today we are joined by GEMS, the Esports 3.0 aggregator platform within an O2O ecosystem!
We welcome to the main stage @andykohbh, it's a pleasure to have you here today.
Could you briefly introduce yourself to the OIG community
Andy | GEMS CEO: Hi everyone this is Andy from GEMS. Nice meeting the OIG community here.
My name is Andy. I’m the co-founder of GEMS, which is an Esports 3.0 aggregator platform within an O2O ecosystem. It propels Esports into 3.0 by integrating Gamefi, Metaverse and Socialfi elements, and leverages on its founding partners’ chain of Esports hotels.
A little bit about myself, my background has always been in the Esports, tech and hotel industry. With my previous experience in Esports and the team’s expertise, I believe GEMS would become a one-stop destination for gamers that integrates the young population into the new sharing economy.
I have a strong belief in blockchain being the next blue ocean for Esports and that’s why I’m doing this great project with a great team!
Frumps | OIG: It is a pleasure to speak to someone so experienced and knowledgeable in the industry!
Could you please share with us a brief summary of what GEMS is and what it does?
Andy | GEMS CEO: GEMS stands for GameFi. Esports. Metaverse. SocialFi.
GEMS core business pillars include an NFT Rental, DeFi Union that introduce multiple payment models and loans to make expensive NFTs available for everyone; FanFi Studio, a cradle to nurture future gamefi talents; Other awesome features like P2E (Play-to-Earn) Arena and DAO GUILD aim to bring players together to earn via blockchain games.
Frumps | OIG:
This sounds very holistic and encompasses many different aspects, very exciting indeed!
Who are the team behind the GEMS project, are there any interesting partners?
Andy | GEMS CEO: Sure! @thegemsgg have a lot of partners to support us in this project! We established a strong partnership with partners such as Dreams Quest, Polkabridge, Project Seed, Formless, Metis, IQ Protocol, Formless and the strong partnership list goes on!
We believe that GEMS and all our partners, we can make GameFi the next Esports, create Esports 3.0 together
Frumps | OIG: These are great partnerships with some very strong industry names that will certainly help develop GEMS in a number of ways!
What problems do you see in the industry and how are you going to solve the identified problems?
Andy | GEMS CEO: Speaking about problems here but we see it as opportunities instead:
1. High Entry Fee to the GameFi World
2. Blockchain Talent Scarcity
3. Lack of Revenue for Gamers
4. Blockchain Gamers are all Scattered
Unlike the Esports community, the GameFi community is all scattered across the world. There’s a need to bring them together, build and reinforce the community by hosting blockchain gaming events/tournaments. This is also why GEMS is engineered to solve all these problems.
We can resolve the above by adopting and implementing ESPORTS 3.0.
Frumps | OIG: Great answer, you see opportunities rather than problems! Those 4 points are very true and you are right, there is a need to unify and bring people into the gamify world. It's great that you have the solutions for this!
Other than your ecosystem, what makes the GEMS project so unique?
Andy | GEMS CEO: I am loving the host and this community for questions that enable GEMS to talk about the competitive advantage of our platform.
WHAT MAKES US UNIQUE?
ONLINE TO OFFLINE
A picture tells a thousand words. So I am going to share with you what is O2O through this photo
Frumps | OIG: 😍 Wow! @andykohbh this is incredibly exciting! What an amazing and unique concept!
Phenomenal stuff and so much potential with this
What will the GEMS token be used for? When and where can we get it?
Andy | GEMS CEO: Definitely Frump and I would like to also share our Roadmap besides the above questions so everyone knows our project key milestones.
The token will be used on the 5 segement:
- @thegemsgg platform (2022, Q2)
- NFT rental platform (2022, Q3)
- DAO Guild (2022, Q3)
- FanFi studio (2022, Q4)
- Battle pool (2022, Q4
IDO will be launched on March 2022. Please stay tuned on our social media channels for the updated news. @GEMSannouncement
Frumps | OIG: So the token will play an integral part of GEMS and its not long until we can get our hands on it, I fully recommend people join your socials to stay up to date with all news and dates! They do not want to miss this!
Well @andykohbh That brings us to the next segment, the Twitter community questions! We had a great number of questions from the OIG family, they were very interested in GEMS!
Community Twitter Questions:
Question 1) @Tarbonyt
Does GEMS focus only on gamers users or do you also focus on users interested in profitable investments? If so, can you explain to me what innovative revenue models GEMS offers both gamers and investors?
Andy | GEMS CEO: We believe in not just 1 dimension to get a balanced and systematic ecological system. Both gamers and trading is equally balanced in our opinion.
I will also share the innovative revenue models here:
GAMERS: Play-To-Earn (P2E) Arena
INVESTORS: By investing in our project and get good returns. :)
Frumps | OIG: Makes sense to get a balance between gamers and trading. Excellent revenue models as well!
Question 2) @Momin121344
Current NFT is a hot topic, but are NFT not just for art. Does your project think that more real world use cases will emerge for NFTs as time goes on, why should we take NFTs seriously?
Andy | GEMS CEO: Like what you said NFT is not just for ART. Basically anything can become a NFT example allowing artists, brands and companies to provide authenticity and originality in the rising digital age.
The GEMS membership and platform would include metaverse passport as NFT, and that will also include a dynamic 3D emotional digital avatar NFT.
With this, it will form your perfume in the metaverse for socialising and doing Defi stuff as well. As we are an GameFi aggregator, the team are currently exploring the opportunity on how we can collaborate with several of GameFi project to increase the utility of our own NFTs.
GEMS will introduce these with more details later so please stay tuned.
Frumps | OIG: NFTs are here to stay and already seeping into mainstream industries!
Andy | GEMS CEO: It will definitely be!!
Question 3) @tanmoy284910957
Metaverse is still in their infancy and are somewhat limited in their characteristics, in the future it is very certain that new Metaverse projects will emerge Do you think GEMS is capable of being a leader in the future with respect to Metaverse?
Andy | GEMS CEO: Sure we do! Not just that the metaverse that we are talking about but the whole ecosystem that GEMS stands for: GameFi, Esports, Metaverse and SocialFi.
As being said, our members will be able to create their own avatar in our NFT rental platform.
Let me share you my co-founder: Mr Yuen Wong Digital Life ready to enter METAVERSE
Mr Yuen Wong | Co-Founder | GEMS
Frumps | OIG: Great answer, GEMS is an eclectic mix of features and could potentially take over many spaces! That avatar looks amazing! I want one!
Andy | GEMS CEO: Surely for you and all your communities as well. :)
Frumps | OIG: Yes true! How amazing if we all had one!
Question 4) @Akash97321
Gaming and Metaverse are very attractive in modern environment. As a metaverse, how would you intend to include both of these major characteristics into your System?With the metaverse at the basis of this strategy,what is the distinction between a gamers & an user when they play?
Andy | GEMS CEO: This is an excellent question choice pick. Let me share with you first our GEMS ECO SYSTEM and not only about gaming and metaverse coz is actually more than that to bring ESPORTS 3.0 to the entire GameFi world.
GEMS ECO SYSTEM
You are right!!! METAVERSE have been a recent hot topic. @thegemsgg have our NFT portal that’s to cater the GameFi, Esports and Metaverse segment. DeFi Union, DAO Guild and Play to Earn Arena to cater the GameFi segment as we would like to empower GameFi gamers with my previous experience…
Gamers can enjoy more high end 3D graphic motion during game play.
User or social life styler will be doing their Maetaverse shopping, pub stomping, having s social conversation in metaverse with digital avatars etc.
So you can clearly see the distinction usage of metaverse between user and gamers.
Frumps | OIG: very clear answer!
Question 5) @Akash97321
Tournaments are a vital source of revenue for all eSports players, as well as essential promotional tools for eSports sponsors. So tournament transparency is vital. My question is, what kind of protocols have GEMS implemented to maintain balance and fairness in the tournaments?
Andy | GEMS CEO: Esports team and organization have been exploring many solutions to resolve fairness, maintain balance and social engineering problems. Look no further coz “BLOCKCHAIN” and “ESPORTS 3.0” created via GEMS will resolve these long-existing problems in the Esports World.
We will implement DAO GUILD as our main protocols to offer gamers an opportunity to become guild trainers, team up with others and create an in-game community.
Guild members can:
- Make proposals
- Vote on the organization’s direction
- Learn from game trainers
- Borrow NFT from the community
GEMS’ goal is to bring players together to earn via blockchain games and make play-to-earn available for everyone.
Frumps | OIG: Blockchain and ESPORTS 3.0 created via gems will resolve these problems! Amazing answer.
Well @andykohbh That concludes our AMA, thank you for your time today and explaining GEMS to us. Are there any final words you would like to say to the OIG community?
Andy | GEMS CEO: Thank you host for hosting the AMA for us. The OIG community is wonderful. It was such a fruitful meeting you all. Don’t forget to follow us on our social media platforms and find out more about the project via the links below:
🖥 Website: https://thegems.gg/
🔊 Telegram Announcement channel: https://t.me/GEMSannouncement
💬 Telegram: https://t.me/thegemsgg
🐦 Twitter: https://twitter.com/gemsgg_official
📎 Papers :https://drive.google.com/drive/folders/15gNzWLB9KOl9n4vbl8WECMyVumIFtZZZ?usp=sharing
Frumps | OIG: GEMS have the backing of the OIG community, I fully recommend everyone follow all their socials!
Thanks again @andykohbh. Thank you OIG for your great questions and see you all next time