Mission: DeFi EP 88 - Can A Guild Become A GameFi Powerhouse? - ParagonsDAO - DeFi Ted
Name of project: ParagonsDAO
Project URL: https://paragonsdao.com/#/
Project Twitter URL: https://twitter.com/paragonsDAO
Name of Guest: DeFi Ted
Guest Twitter: https://twitter.com/DeFi_Ted
Show Notes
From simple gaming guild to full blown Web3 gaming infrastructure. How does this happen?
Started career our in TradFi in risk assessment and management
Quit his job during Covid because companies weren't paying
His first foray into DeFi as an investor ended up with a rug and then he and the community tried to save it, but when some wanted to turn it into a ponsi that is when he moved to shut it down.
How the game of Parallels became the impetus for ParagonsDAO
How what they are building could become bigger than they imagined
The long term strategy that makes Paragons a much larger scope and technology
How their desire to figure out how to share assets like a guild, could be more and then they started assessing what it takes to make the model work.
How do you assess players and decide if they are worth it
Launched with a bonding event, but still weren't sure how would make it work, but acquired thousands of assets
Took months until they figured out how, but mainly were still trying to figure it out and added governance and decentralization
Council model for governance
This is not financial advice. Nothing said on the show should be considered financial advice. This is just the opinions of Brad Nickel and our guests. None of us are financial advisors. Trading, participating, yield farming, liquidity pools, and all of DeFi and crypto is high risk and dangerous. If you decide to participate, do your own research. Never count on the research of others. We don't know what we are talking about and you can lose all your money. Never invest more than you can afford to lose, because you probably will lose it all.
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