What’s The Big Deal With Feed3
With the Feed3 (FD3) launch, cryptocurrency is all set to take a bigger stage in the gaming industry. This AI-powered, blockchain-based token will allow gamers to enjoy the redefined essence of gaming. It will allow users to own, create, and buy game assets, which can then be traded for money. Feed3 will live as the first-ever audio feedback tool with the main objective of supporting the Web3 community in submitting their gaming experiences with blockchain-based games. A report published by Newzoo revealed the rise of blockchain technology in gaming at $203.1 billion in 2022. It highlighted the global traction of earlier launched games on blockchain – The Sandbox (SAND), Decentraland (MANA), Axie Infinity (AXS), etc. Feed3 announced its continuous focus on building new market demand and ensuring the growth of blockchain technology by providing blockchain developers with the right feedback. But how promising is the Feed3 launch? As the results were released for the previous months, the Dapp Radar report emphasized the dipping favorability of blockchain games, stating results from the end of June this year. Source:Dapp Radar What made it hit crypto headlines before launch? If you are worried about your experience with Feed3 after noticing the dip in the previous months, the Feed3 website will pique your interest. “We provide users with a unique, decentralized, transparent, secure, and more connected experience like never before,” it says. What makes their statement even more potent is that they are expanding the next-gen technology to benefit the product and community. It facilitates customers to submit their genuine feedback on the product, helping the developers team to grow with the user-based experience. Until now, developers have made numerous unsuccessful attempts in developing such feedback portals. Hence, this launch has the potential to take developers, gamers, and the entire crypto and blockchain space to the next level. How rewarding is Feed3 for gamers? To change the overall spectrum for developers and the gaming community, Feed3 should offer a model rewarding their overall experience. Olga Vorobyeva, a longtime consultant for various blockchain-based companies, shared her perspective on blockchain gaming, saying, “Play-to-earn games bring value back to the players, as noted from the first example of Axie Infinity.” Feed3 will be integrating the already existing Play-to-earn model of the blockchain game with the Feedback to Earn (FB2E) model, unlike in old gaming scenarios. So how impactful will this integration be on players? Reddit co-founder Alexis Ohanian has been quite vocal on play-to-earn gaming and its future. In a ‘Where It Happens’ podcast, Ohanian said, “The P2E (play to earn) model would take 90% of the gaming market in the coming five years. And those 90% of players may drop their minds if they are not being valued for their time.” Feed3’s body, soul, and mind lie in NFT In a market like gaming, developers always need to think outside the box to generate regular income for players to continue. So, while play-to-earn is still the most popular income model among users, feedback-to-earn has high expectations too. To ensure income-generation in Feed3, it uses Freeda, a deep neural network algorithm to record the feedback in English before it finally gets into the earning phase. https://twitter.com/i/broadcasts/1lPJqXVpQzYGbFor Freeda to generate passive income or earnings for owners in the form of FD3 tokens, the team designed F3-BOTS, also known as Intelligent NFTs. These bots are created to bring economic opportunities, transparency, record authenticity, and overall inclusivity to players, spotlighting the importance of combining AI innovation with the blockchain-based game. The F3 BOTS (iNFTs) comprise three vital parts—body, mind, and soul to process audio feedback and income. The body is an ERC-721 token made of 10,000 Ethereum-based NFT avatars and fused with Freeda’s pre-trained AI-language-model engines. Soul implies iNFTs intelligence levels. And mind defines the ability of iNFT to accomplish tasks. The bots consist of attributes such as embedded intelligence and self-learning ability. Depending on the intelligence scale, you can get the F3 BOTS at a price starting from $2,000 to $30,000. (The Sandbox is a virtual world that allows players to construct, own, and monetize their experiences on top of the Ethereum and Polygon blockchains) Source: Feed3 website Metaverse in Freeda like never before Amidst the ongoing hype over NFTs and Metaverse in the gaming world, industry people have criticized the money-making agenda of the play-to-earn model. Lewis Ward, research director at IDC, voices his concerns over what may be the key drivers of the P2E rage. Ward considers this the company’s step to effectively pay people to play these games to increase the cryptocurrency value, which can be monetized eventually—calling it a full money-making operation of blockchain games. But would it be difficult for Feed3 to break this perspective and rise above speculations on blockchain games? It already seems to pique interest before its launch. Given that Metaverse will be a part of Feed3, and the current market lacks a smart solution for collecting feedback from users traveling in the virtual world, Feed3 plans to land in the virtual worlds and enable the project to gather valuable insights from gamers by assisting them in recording audio feedback.
Freeda is considered the world’s first-ever Web3 audio-feedback tool, which records reactions, and opinions of dApps and VR games on FD3
Freeda is considered the world's first-ever Web3 audio-feedback tool, which records reactions and opinions of dApps and VR games on FD3
["Blockchain", "Cryptocurrency", "Ethereum", "Metaverse", "Web3"]
["Go", "Blockchain", "programming_languages:R", "Metaverse", "Cryptocurrency", "AI", "neural network", "R", "innovation", "programming_languages:Go", "RAG", "ViT", "Web3", "Ethereum"]
["AI", "neural network", "RAG", "R", "Go", "ViT", "innovation", "programming_languages:R", "programming_languages:Go"]
Nidhi is a Technology Journalist at Analytics India Magazine who takes a keen interest in covering trending updates from the world of AI, machine learning, data science and more.