How Can We Learn From Phantom Galaxy?
Previously, we talked about the things that Thetan Arena and Galaxy Fight Club has done well as upcoming NFT games. Today, we’ll talk about the things that Phantom Galaxy has done well, by not doing them. Ironic, I know. As compared to many other NFT games out there, be it developed or developing, Phantom Galaxy could follow in their footsteps and easily bring in millions of dollars. But, they didn’t. Let’s take a look at what the team has done right, by not doing them:
Phantom Galaxy Did Not Release Any Coin or Token to Raise Funds
If a game is still in the midst of being developed, and people are pouring money into it, level of anticipation will increase. When expectations slides in, especially by the masses, the game has little room to fail. It is only natural that as investors and stakeholders, we’d like to see updates on how the money we’ve pumped into a project is helping to accelerate its progress. This means that there is a need for a decent update at least once a week, if not the community will be met with frustration.
Yet, many NFT games fail to do so.
I believe one of the best projects that is meeting the community’s expectation is Illuvium. By no means is the game gonna be released anytime soon, in fact Illuvium concluded their seed sale in January. It has been 10 months and the game is far from being completed. However, the team constantly updates its community on discord with concrete work. It isn’t just a tweet on how the team is expanding or a mini treasure hunt on Discord as a facade to pull our attention away. Illuvium regularly updates its community by putting out tangible footage of its gameplay.
A real update is when a project can show new in-game footage.
On the flipside, Phantom Galaxy can easily come up with a few thousand images of its Mecha Starfighter, and list it for a mint price of 0.1 ETH. I’m confident that it will sell out in less than a minute. We can compare it with the popularity of MekaVerse (Gundam-ish vibe, similar to Phantom Galaxy). Currently, it is the number one project right now on OpenSea, with a transaction volume of 17k ETH spanning over 5.2k owners. But, Phantom Galaxy did not release any kind of sale to raise funds. As a result, the public is not waiting for an appointment to be met, or a reservation to be fulfilled. This way, the team can focus on building the game, rather than spending unnecessary energy to convince the public that they are working on the game.
It is similar to how not eating in the middle of the night prevents us from bloating up the next day. Sometimes non-action is more significant than action.
Phantom Galaxy Did Not Set Unrealistic Deadlines
Imagine you’re promised a gift on your birthday. It is your birthday in 2 days, and you start to look forward to your present. What could it be? Could it be that black bag pack you’ve been talking about for months? Or, could it be a Dyson vacuum cleaner that seems to never be on discount all year round? You start to wonder, and unknowingly; expectations steps in. Fast forward 2 days, you start to poke fun at your partner telling him that you know what the surprise gift is. He gasped and gave you a worried look. “Sorry dear.. I forgot to buy it. But, don’t worry! I’ll get it for you tomorrow!” This is how it feels when NFT games fail to deliver on their intended deadline. It is not the end of the world, but we start to lose that tiny bit of trust. Cracks begin to form here. On the other hand, Phantom Galaxy keeps it simple with its roadmap. If they are on time, good! If they happen to be ahead of time, even better!
Q4, 2021: NFT collectibles and Game Utility NFTs
Q1, 2022: Starfighter NFT Drops and Generative Avatars
Q2, 2022: Early Access Game Launch
Phantom Galaxy Did One Thing Though
The team created an airdrop event. We do not know when the airdrop event will end, but what we do know is that the requirement of the airdrop event is ridiculously simple. In order to qualify for their airdrop, there is no need for you to retweet their tweet, tag a million friends and think of creative ways to blend their unique hashtag in. All you need to do is to simply visit their website and connect your wallet. Once you see your address, you will be all set! There is nothing else you need to do. It is that simple. We do not know what the airdrop will be or whether it will be valuable in the near future. But, we can be sure of one thing. If we like the project and feel that Phantom Galaxy is promising, we’ll introduce it to our friends.
Furthermore, we’ll get them to join the airdrop event effortlessly.
To be fair, we don’t know if Phantom Galaxy would eventually be launched, or if it would be a successful launch. However, it is safe to say that it is definitely not soul-crushing for now, and that is a great start as compared to many of the bad apples in the NFT space right now. What the team is currently doing may feel odd at first, but soon obvious.
