Let me have the one for today as the second guest. We are honored to have Rotten, the chief economist of double jump Tokyo, to discuss the main factors affecting the success or failure of Japanese block chain gaming projects.

Let's welcome Rotten. First, Rotten,  Please introduce yourself and double jump Tokyo to our audience online.

Rotten：

ure, thank you. Double Jump Tokyo is a blockchain game developer in Japan. We were established in 2018, so it's been 4 to 5 years since we started our company. I work as a chief economist. We have several games in development with tier one game publishers in Japan, including Saga screenings or a band dynamic. I'm in charge of all the token economics and the ecosystem design for those launch champions.

Laura ：

We all know that due to the frequent hacking of crypto currencies in early days, the Japanese government has a conservative attitude towards the crypto and see industry and carefully regulates it, which caused a certain negative impact. There's on the development of the industry, right？So Japanese block chain projects had a hard time.

Laura：

And what are the strengths that helped Double Jump Tokyo endure the hard?

Rotton：

So in 2018, just before we established a company, there was a movement called ICO (initial coin offering). All those scam projects came up in Japan and started hurting people's wealth. And then the government started to regulate all the cryptocurrencies in Japan. Thankfully, we were not issuing any tokens at the time. Our games are called my crypto heroes. And we had the top number one trading volume on opensea. At that time we established some success in the gaming area of blockchain and sort of actual game publishers realized the potential of the industry.

Laura：

Okay, and we just mentioned the issue of regulatory policy in Japan. But recently, we have seen that the Japanese government wants to support the development of Web3. So what do you think is the reason why the stance of the Japanese government authorities on Web3 has changed.

Rotton：

Right. Recently, the Japanese government is focusing on growing the blockchain area for Japanese startups and inviting all the overseas perhaps with blockchain or with the function to come to Japan to operate, partly because Japan wants a new industry. especially in the tech area, because we have not been able to create mega companies like Google in the US or Baidu in China.

Yep. So I think this is a second chance for the Japanese government to have one from Japan.

Laura：

And for the Japanese government it is a wise choice for them and Ray in the river. With the increasingly mature development of the blockchain industry, not only the blockchain industry, but also the gaming industry is very interested in blockchain games.

Yes, what role is Double Jump Tokyo trying to play in this situation？

Rotton：

see the reason why Japanese gaming companies are so positive and enthusiastic to join this field is because Japanese mobile gaming is getting beaten by Chinese games.

The Chinese mobile games are doing so well in the mobile area that we see that there is a need to seek for another route to continue the growth and blockchain games was one of them. And we with 4-5 years experience have so much to offer to those games to understand blockchain architectures or the token design and everything to be integrated with the existing games.

Laura：

Oky. The various blockchain games are pouring out. What do you think is the most important factor in the failure of a blockchain game?

Rotton：

I think it's the intel variability that the one game asset can be transferred for another game to be utilized.

Yeah. This kind of collaboration is easier. Collaboration between the games is the major factor for blockchain games. So I would like to see such a movement booming up soon.

Laura：

Yes, and Double Jump Tokyo has partnerships with many famous game companies and what makes Double Jump Tokyo unique.

Rotton

As I said,  Saga Spanics and one dynamo has been really a great partner as well because we have had a long relationship with them since 2018 and 2019,  we saw the potential of blockchain games booming in the mass mind market and have been continuously building a relationship with them. I think that's part of why.