DareNFT AMA Recap


BSC_Daily Admin: Hello and welcome, how are you today?

Duke: I’m happy to be here and share with you guys about our project.

BSC_Daily Admin: Happy to hear! Ready to start our AMA?

Duke: Absolutely. I’m ready.

Q1: Now to start the AMA, please have a quick introduction to the community. What is DareNFT all about?

Duke: DareNFT are a company that builds its own product and services as a use case of blockchain technology. We focus on NFT sector, making NFT most visible and viable in reality. DareNFT has the universal NFT 2.0 protocol for Digital Assets.

As you should know, the adoption of NFT in mainstream depends on its ability to reflect benefit relationship between digital assets. So, DareNFT is a suite of product that solve the current problems of NFT 1.0, which are benefit relation between NFTs is not recognized, benefit relation between NFT’s owners is not recognized, and NFT ownership at risk.

Our first product is to be released this October – The DarePlay – The rent-to-earn & lease-to-earn NFT game platform.

Q2: Please share with us the background of the team behind this project. What are your past experiences?

Duke: Ok. We are great team with strong background in software technology and blockchain tech. I will start to introduce each members from the DareNFT team.

First. I’d like to tell you a little bit more about myself. I’m Duke, CEO of DareNFT.

I’ve worked in technology startups for ten years. I have backgrounds in data sciences and researched quantum computers at Keio university, Japan.

I’m also a serial entrepreneur and I have co-founded two start-up companies utilizing video conferencing technology since 2014.

I have joined the blockchain space since 2017 after one of my best friend Victor Tran (Kyber Network CTO & Co-founder) succeed in his very big ICO back then. Then I and some of my close friends who are now DareNFT’s CFO, CMO make cryptozoom to seriously researched about the blockchain technology.

After successes with utilizing state of art technology to real products, we now want to bring blockchain to mainstream with real applications.

Our COO is Teddy Nguyen, my brother. He previously served as the Chairman and Co-Founder of Sotatek, a leading blockchain outsourcing firm in Vietnam.

He is also a co-founder of Icetea Labs, a well-known crypto project incubator. Mr. Teddy has worked for a number of well-known Japanese and American corporations.

Mr. Teddy’s close friend, CTO Thomas Nguyen, was a former CTO at Luxstay and Head of Solutions at Adayroi. He is also the CEO of Agile Blockchain, a leading provider of blockchain solutions in Vietnam.

Victor Tran, Co-Founder of Kyber Network, serves as the team’s advisor. Mr. Victor (Vu) is Mr. Duke’s classmate and the inspiration for the entire DareNFT team to build this project. Mr. Thi Truong, CEO and Co-Founder of PolkaFoundry, Icetea Labs, and Redkite IDO platform, is also joining us.

Mr. Thi was extremely helpful to the team in developing DareNFT’s strategy.

You can find team information here:


Q3: What makes DareNFT different from other competitors? Kindly list down some key features.

Duke: Currently, there are few infrastructure projects for the NFT sector. According to our observations, the Yield Guild Game project and reNFT both intend to develop rental NFT protocols and use a rent-to-earn model to generate market revenue. However, in comparison, YGG and reNFT do not have a co-ownership model or a digital asset derivative model. We believe that the co-ownership model and the digital asset derivative model will give the DareNFT project a significant competitive advantage over other projects.

I’d also like to send you this image so you can easily compare DareNFT’s features to those of other projects.

As you can see, 2 projects that I mentioned above do not have co-ownership model, royalty smart contract and derivative licensing.

For more details in chart, you can read the DareNFT’s pitch deck here: docsend.com/view/96wqjnvdx4i6vzij

Q4: How do you keep the ecosystem going? And what are your plans for future innovations?

Duke: We are super busy with IDO this month. After IDO on 12th October, DareNFT will release the first MVP – DarePlay, which will convert traditional games into NFT games. (This is a true blue ocean because Vietnam has a very developed game industry and they are gradually embracing NFT and blockchain in order to replicate the success of Axie Infinity or other games.)

DarePlay will convert in-game items into NFT property. DarePlay also offers a launchpad and IGO service, allowing these games to launch tokens and sell tokens to the community.

Dare Play will provide a marketplace for NFT game exchange and the rent-to-rent model. DarePlay will allow NFT game users to bring up their items and exchange or rent-rent them based on their needs.

DarePlay’s new features are important in attracting participants. Furthermore, we had users who were both NFT and traditional games right before the launch.

DareNFT has received funding and is a partner with OneSoft, a large game studio in Vietnam that is ranked 15th among the world’s top game publishers. OneSoft’s traditional games will be the first NFT games available on DarePlay. You can read about DareNFT and OneSoft’s collaboration here: medium.com/darenft/darenft-and-onesoft-come-together-to-revolutionize-the-gaming-industry-with-blockchain-technology-1748cc6dbc6c

Just share with you a pic of DarePlay, a sneak peek.

Q5: Let’s dive into your token $DNFT. Can you share with us your tokenomics? What are the use cases? Does it get audited?

Duke: There will be a lot of information about DNFT’s tokenomics (which is DareNFT’s token), but I’ll highlight a few key points that the community is interested in here:
– Total number of tokens distributed: 100B DNFT

– There are 3 fundraising rounds: Strategic Sale (5% unlock at TGE), Private Sale (10% unlock at TGE), and Public Sale IDO (25% unlock TGE). The total token supply at the time of listing is 2.38%.

– Initial Cap: $475K

– Valuation in the public round: $20M

All information about token metrics of DNFT, you can find here.

For the tokenomics, I will share with you this chart to visualize DNFT’s use cases:

To summarize, users holding DNFT tokens will receive value through:

1. System Fee/Commission

2. DareNFT DAO revenue

3. Deflationary model: rewards for stakers/LPs, discount for end-users, used for burning and reserve

About auditing, I believe you mentioned smart contract auditing. Yes, we have, and we are now through an audit with Certik, the industry’s premier auditing firm.

Q6: Let’s talk about partnerships & influencers that you are collaborating with.

Duke: Absolutely. But before sharing about partnership, I will let you to see this picture on the DareNFT website: darenft.com

This is the list of our backers, partners and influencers. The list goes on, more and more partners are joining with us. On the investor side, we have received investments from a number of well-known investment funds and venture capitalists, including Kyber Network, Cosmos Gaming Hub (6th largest validator on the Cosmos network), OneSoft, Momentum 6, Kardia Ventures, MoonWhale Ventures, Magnus Ventures, X21, AU21…

DareNFT’s latest weekly report can keep investors up to date: medium.com/darenft/darenfts-weekly-report-9-20-9-26-to-gain-global-exposure-progress-the-development-execution-7aecb5519c84

In terms of partners, we have a number of high-profile game projects that could become the first customers/users of DareNFT. OneSoft is both an investor and a key product partner, as are Planet Sandbox (an NFT game that recently completed a private sale with $1.5 million in total raised capital), Warena, Knight War, and Zitga (a studio with a big game in Vietnam). Many more strategic product collaborations will be announced in the coming months.

In terms of community support, DareNFT has almost unanimous support from the majority of Vietnam’s major communities. And yes the TK Venture. There are also Cryptoholic, Black Mamba, TradeCoinVietnam, CryptoChecker, Migoi, Kiwi, Crypto Holding, VBC, CoinF and others.

Q7: Can you share your Roadmap in the next 6 months?

Duke: Yes, of course. To be clear, I want to share with you about the entire roadmap of DareNFT.

Everything started a few years ago when I found my ed-tech company and realized the need for a platform that can offer a good using right & revenue sharing mechanism for internet content. At Q4 of 2020, when the entire crypto market was so crazy about DeFi, our team started to see the potential of NFT to solve the long-standing problem we’ve been thinking of and dived into the technology.

At Q1-Q2 this year, we learned more about how Binance Smart Chain works and decided to launch the first version of DareNFT and DNFT on this infrastructure. We also finalized how DareNFT works as the first platform for rental & subscription for tokenized internet content NFT.

Next plan, in Q3 2021, we will launch DareNFT testnet, the version allowing content creators to tokenize their content and open the rental & subscription model. We will also have the Live Demo of Loom DNFT Protocol testnet – the content consuming platform for derivative content produced from DareNFT.

Around the last of Q4 2021, we will launch DareNFT web application on mainnet.

And in Q1 2022, we will launch DareNFT mobile application making the ease for all content creators and content renters & subscribers.

You can find out our roadmap on the website: www.darenft.com/ or our pitchdeck


Q8: Where can we find out more about DareNFT on social media?

Duke: Here is the list of our social media channels. Please join us to stay up to date on the latest DareNFT news.

Website: darenft.com

Telegram Chat Global: t.me/darenft_official_group

Telegram Channel Global: t.me/darenft_official

Telegram Vietnam Chat: t.me/DareNFT_Vietnamese

Telegram Vietnam Channel: t.me/DareNFT_Vietnam

Twitter: twitter.com/darenft

BSC_Daily Admin: With this, we are now at the end of our AMA session with DareNFT.

Time for wrapping up, any last words you would like to say to our community?

Duke: It’s great to be here and share with everyone about DareNFT  I hope to have another chance to update with you about the development of DareNFT when I have a chance. Thanks for today. And last but not least, join our whitelist of DareNFT now. We are opening.

Take a chance and join our IDO on 12th October. This is the special event for everyone.

BSC_Daily Admin: Thank you so much for spending time with our community & all the very best for DareNFT.

Source : cryptodaily.io

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