“Gaming will be the first killer app to take over the blockchain mainstream.” So says Joshua Galloway, CEO and founder of Lepricon, a predictive gaming platform slated to launch later this year.
He can be right. The decentralized financial ecosystem is growing explosively, and cryptocurrencies have long since surpassed their existence as a means of payment or a store of value. However, if you have a conversation with someone who doesn’t have a Telegram account about stakes, pools of liquidity, or income farming, you’re likely to get blank looks.
Galloway, a 20-year video game industry veteran, serial entrepreneur, and former vice president of the Plutus VC Innovation Venture Fund, says it is the offer of familiar experiences that will normalize blockchain-based applications adoption. “First we get them to play the games. Once they are on the platform, we can slowly introduce the DeFi elements that form the backbone of Lepricon, ”he explains.
Lepricon offers different levels of activity. On the one hand, it is a gaming platform that initially specialized in hyper-casual prediction games that are quick and easy to play. On the other hand, it is a decentralized financial application that offers the possibility of making money by staking or swapping with different tokens. All of this is held together by Lepricon’s L3P operational token. Galloway says, “The two are closely related, but participants on the DeFi side don’t have to be participants in the Games and vice versa.”
At this point, Galloway would like to introduce two additional components of the Lepricon value proposition. The first is that, over time, Lepricon will move to a decentralized autonomous organization. It is planned that owners of L3P can make suggestions and vote on economic parameters.
The second is that Lepricon will use non-fungible tokens (NFTs) on a large scale as collectibles and tokens of status in its reputation system, which they call Shamrock, continuing the Irish theme. “Our first NFT is called Genesis and represents our highest status level. We will only coin 77 for the first few participants who enter our liquidity pools. Genesis owners will have many benefits across the Lepricon platform. “
Galloway sums up the Lepricon experience: “At Lepricon you can play, earn, swap, predict, finance and collect. All of these activities use L3P, and all of them offer opportunities to earn more L3P. “
When asked what he expects for the biggest challenges for Lepricon, he offers two areas that they focus on. Experience and technology. “We are aware that while we use blockchain as a technology, we are not a blockchain company. We are an entertainment company. Most of our community participants will be the players who come to play games. Our user experience must meet these expectations, and your first gaming experience must be quick and easy to understand. “He adds,” The success of the gaming platform will fully increase the value of L3P as a token in the open exchange market. “
When it comes to technology, Galloway’s main concern is speed. Blockchain networks are known for their slow transaction speeds. This is a big problem for a gaming platform that offers instant access and rewards. His answer lies in partnerships that Lepricon announced in December with RioDeFi that they would use their RioChain polkadot parachute. He explains: “We will be able to process more than 3000 transactions per second and with significantly reduced transaction fees via RioChain. Our players can step in and if they win they can jump right out with their new L3P. “
Galloway is optimistic about the future of games and blockchain as the two industries grow together. It reminds us of the fact that players have been using currency in the game for many years. It’s not a big leap to understand the world of digital money that exists in the chain. He believes this is at the heart of transforming the game industry.
“In-game currencies were always stored in a database and only existed within the game. They had no other value and could be wiped out by the publisher or even in the event of a server crash, ”he says. “But when you put this in-game currency on the blockchain, it has real value. The player now has skin in the game, which changes their relationship to the overall gaming experience. “
He adds, “The future is a community and player-driven gambling economy.”
Lepricon will be launched in spring 2021. They are expected to reveal details of their private and public token sales in late February. For more information, see the website at lepricon.io.