FAM Newsletter #18 8/12/2024 - Downtowndetail

Greetings, FAM members and Web3 Community!

Welcome to this week’s edition of the FAM newsletter! We’re excited to delve into the newly announced $OPENLOOT token from Open Loot's gaming ecosystem. We'll explore what this token represents, its potential impact on the gaming landscape, and practical steps on how you can obtain it. As always, we’re continuously refining our website and internal guild functions to enhance your experience and engagement within our community. Additionally, we're thrilled to present a special spotlight on Downtowndetail as he reflects on his inspiring journey through the world of Web3 and crypto gaming. Get ready for another action-packed week filled with key updates and compelling stories!

Let’s Talk Open Loot: $OPENLOOT Explained

The $OPENLOOT token is a newly introduced digital asset within the Open Loot platform, designed to drive future growth and offer additional benefits to its users. Unlike other tokens that are immediately integrated into marketplace transactions, $OPENLOOT's current utility is still being developed, with the primary goal of enhancing marketplace activity, user acquisition, and engagement across all Open Loot games and products. The platform still relies on $USDC, a stable coin, for transactions involving premium currencies and NFTs off-platform. However, $OPENLOOT is expected to bring new opportunities for users as its utility expands. Additionally, using $OPENLOOT tokens are expected to provide discounts on transactions, especially when tied to VIP levels within the ecosystem.

To obtain $OPENLOOT tokens, users have several options. They can purchase the tokens directly through supported cryptocurrency exchanges (when available; soon). Another way to earn $OPENLOOT is by participating in specific platform activities, such as staking, playing integrated games like Big Time, or engaging in social media promotions. Open Loot often runs campaigns where users can earn tokens by retweeting content or participating in community events. As the platform evolves, more opportunities to earn and utilize $OPENLOOT are expected to emerge.

Open Loot Reward Points are a specialized reward system within the Open Loot ecosystem, currently only tied to the game Big Time. Unlike traditional gameplay rewards, the primary way to obtain these points is by opening special Epoch Chests. These chests can be purchased using $BIGTIME tokens or Time Crystals, which are in-game currencies within the Big Time economy. When a player opens an Epoch Chest, they may receive Open Loot Reward Points alongside additional valuable in-game items such as Mod Chips and NFTs. The Reward Points obtained from these chests can be redeemed (soon) for various rewards within the Open Loot platform, including $OPENLOOT tokens, exclusive in-game assets, and other perks. This system adds an extra layer of excitement and strategy to the game, as players have the opportunity to earn significant rewards beyond standard gameplay by engaging with these special chests.

In addition to Reward Points, Open Loot will be offering Social Media Points, which may be earned through active participation in promoting Open Loot on social media platforms. Unlike Reward Points, which are earned through gameplay, Social Media Points are focused on community engagement. Users can accumulate these points by sharing content, participating in social media challenges, or creating user-generated content related to Open Loot. These points can be redeemed similarly for rewards like $OPENLOOT tokens, exclusive assets, or promotional benefits within the ecosystem.

While both Reward Points and Social Media Points are integral to the Open Loot ecosystem, they serve distinct purposes. Reward Points are tied directly to gameplay and reward in-game activities (currently only within Big Time), whereas Social Media Points are earned through external engagement and promotion of OpenLoot content. This dual system allows users to engage with the platform both in-game and outside of it, enhancing the overall user experience and expanding the community involvement.

In summary, the $OPENLOOT token will be a versatile asset within the Open Loot platform, offering numerous utilities such as purchasing in-game items, acquiring NFTs, and receiving discounts. The platform supports two types of points—Open Loot Reward Points, earned exclusively through opening Epoch Chests in Big Time, and Social Media Points, earned through promoting the platform on social media. Together, these elements create a comprehensive ecosystem designed to reward user engagement both in and out of the game, driving the growth of the platform and offering valuable incentives to its community. As Open Loot continues to develop, further opportunities to utilize and earn $OPENLOOT tokens are expected to emerge, making it a central feature of the Web3 gaming experience for followers of participating studios on the Open Loot platform.

FAM Guild Activities Update

FAM RENTALS ARE BACK! Headed up by our Community Manager, ExoticMTG, FAM is back to offering rentals to our members! While marketplace discounts are currently deactivated, we will be offering up to 10% discount on initial postings for all inventory (while supplies last). Please be mindful of the rules — you can read all the rules for rentals in the #fam-guild-rentals channel. Take advantage of these low market prices with an additional 10% off while the opportunity is still here!

The FAM Stream Team continues to offer 24/7 content for all Web3 games! If you're interested in learning more about BigTime or any of the other FAM favorites, visit a FAM streamer live; you can find who is streaming now at https://famguild.com. They are ready to answer your questions and share in the journey providing you with immediate access to play, quality insights, and shared experiences in all aspects of Web3 gaming.

The current list of FAM discord channels dedicated to supporting our favorite Web3 projects* includes BigTime, BOSSFIGHTERS, Illuvium, Off The Grid, Lumiterra, MetalCore, XOCIETY, World Shards, UNIOVERSE, Shrapnel, Hunters On Chain, Nyan Heroes, Guild of Guardians, Seraph, Night Crows, and Entropia.
*Note: We have game leaders within each of these spaces; if you would like to know more information about any of these games, start the conversation in any of the dedicated channels!

Always stay up to date by visiting our continuously improving website (https://famguild.com), watching the FAM Stream Team (broadcasting 24/7 on Twitch), and being a part of the FAM discord.

Spotlight FAM Community Member: Downtowndetail

We delved deeply into Downtowndetail's journey into the world of Web3 gaming. His first significant encounter with this space began with Splinterlands, a game on the Hive blockchain. Initially, Downtowndetail started small, investing in NFTs by spending a little bit of money from his paycheck each week. Over time, these small investments accumulated, and he eventually built a collection worth nearly $10,000. This gradual build-up of assets led to a pivotal moment when he realized the true potential of Web3 gaming: the ability to convert in-game assets into real-world value. "It was amazing that I could play for so long and then sell the NFTs I collected," he reflected, highlighting the significance of ownership in the digital realm. This experience not only solidified his belief in the power of Web3 gaming but also ignited his passion for exploring more opportunities within this emerging space.

However, Downtowndetail's journey didn’t stop with Splinterlands. As he became more familiar with the possibilities of blockchain gaming, he expanded his horizons to other platforms, notably the WAX blockchain. There, he discovered games like Realm and Warsaken, which further deepened his involvement in Web3. A particularly memorable experience occurred when he played a game called Parallel. After just two days in the game, he stayed up all night to win 50 matches earning a highly coveted avatar. This avatar, which he sold for $2,200, marked another milestone in his Web3 journey. "It was incredible—I stayed up all night and ended up making a significant amount of money," he shared, reinforcing his belief in the value of being an early adopter in this space. These experiences underscored the potential rewards of investing time and resources in blockchain gaming, especially during the early stages of a game’s development.

What truly stood out for Downtowndetail was the collaborative and supportive nature of the Web3 community. Unlike traditional gaming environments, where competition often outweighs cooperation, the Web3 space fostered a sense of camaraderie and mutual support. Whether he was playing games like Big Time or MetalCore, Downtowndetail found immense joy in teaming up with friends, both old and new. "There's something exciting about working together as a team and playing with people from all over the world," he explained, emphasizing the global and inclusive nature of the Web3 gaming community. This sense of community extended beyond just playing together; it also involved helping others, especially those facing challenges or new to the space. For Downtowndetail, the ability to contribute to others’ success and growth was a key motivator that kept him engaged. Additionally, he highlighted the importance of education within Web3, noting that understanding the nuances of cryptocurrencies, trading, and asset management is crucial as these technologies become increasingly integrated into future financial systems.

Navigating the complexities of Web3 was not without its challenges for Downtowndetail. Early on, he encountered difficulties in understanding the various networks, wallets, and the intricacies of blockchain transactions. These challenges often led to unnecessary fees and frustration. However, Downtowndetail didn’t face these hurdles alone. He turned to the community for support, finding valuable resources and guidance from experienced streamers like CustomeTV and other knowledgeable peers. "The community is incredible—people are eager to help and share their knowledge," he remarked, reflecting on the collective wisdom and willingness to assist that permeates the Web3 space. This supportive environment not only helped him overcome initial obstacles but also built his confidence in navigating the complex and often daunting world of blockchain technology.

One of the most surprising aspects of Downtowndetail's journey was the rapid growth and success he experienced within the Web3 space. Despite having stepped away from gaming for 15 years, he quickly found himself excelling in games like Big Time and MetalCore. His ability to adapt and thrive in this new gaming landscape was remarkable. Not only did he enjoy the gameplay, but he also began to see significant financial returns from his in-game activities. "It's been amazing to see how far I've come," he reflected, marveling at his progress and the opportunities he discovered. Being part of a strong and supportive guild like FAM played a crucial role in his success. The guild provided a platform for learning, collaboration, and growth, enhancing his overall experience. For Downtowndetail, the realization that he could earn while having fun was a revelation that solidified his commitment to Web3 gaming.

As he looks to the future, Downtowndetail is filled with excitement about the upcoming developments in Web3 gaming. Two games in particular, Off the Grid and Unioverse, have captured his attention. He sees great potential in these titles and believes they represent the next wave of innovation in the Web3 space. According to Downtowndetail, as more people get involved in Web3 gaming, the space will continue to evolve and grow, offering even more opportunities for early adopters and dedicated players. "I think a lot of exciting things are coming, and I'm eager to see how it all unfolds," he said, expressing his enthusiasm for the future. He is particularly interested in how these games will integrate new technologies and mechanics, potentially setting new standards for the industry and attracting a broader audience to Web3 gaming.

Beyond the virtual worlds of Web3, Downtowndetail maintains a well-rounded and balanced lifestyle through his passion for automotive upholstery. He finds immense satisfaction in restoring old car interiors, a craft he has honed over more than two decades. Running his own business allows him to step away from the screen and engage in hands-on, creative work. "I enjoy taking beat-up interiors and making them look nice again," he shared, describing the fulfillment he gets from transforming something worn and neglected into something beautiful and functional. This passion, along with regular vacations to places like Edisto Island and Tennessee, helps him recharge and avoid burnout. Whether it's the joy of working on a classic car or the relaxation of a beach getaway, these activities provide Downtowndetail with the balance he needs to return to Web3 gaming with renewed energy and enthusiasm.

If you would like to listen to the full interview with more in-depth content and discussion: https://www.twitch.tv/videos/2219449084
Interview starts at 28:40

You can find out more about Downtowndetail by joining his social medias here:
Twitch - https://www.twitch.tv/downtowndetail
YouTube - https://youtu.be/0gw5IsVs1mM
TikTok - https://www.tiktok.com/@downtowndetailing?is_from_webapp=1&sender_device=pc

Thank you for being a part of our vibrant community. Your passion and engagement are what make the FAM Guild truly extraordinary. Let's keep building, exploring, and achieving together in the exciting world of Web3 Gaming.

Until next time, game on, FAM!

The FAM Guild Team