WEBVTT NOTE Open Interest — kiet-chance. Draft: automatic transcript (faster-whisper small.en) of the released edit, automatic speaker assignment (resemblyzer, 2 speakers), corrections applied from the editorial glossary and OCR of the burned-in captions. Not yet reviewed line by line. 1 00:00:00.180 --> 00:00:09.220 Welcome to the Panoramic Content Suite Singapore Token2049 edition We got the MBS in the backdrop right behind you, but thank you so much 2 00:00:09.220 --> 00:00:10.760 For making time out of your day 3 00:00:11.600 --> 00:00:18.740 Let's actually you do the self introduction about yourself and we'd love to hear about what you're building what you're cooking Yeah. 4 00:00:18.840 --> 00:00:19.300 Yeah. 5 00:00:19.340 --> 00:00:24.780 Well, first of all, thank you so much for having me here It's a very pleasant surprise to be able to have a spot here 6 00:00:24.780 --> 00:00:30.980 And kind of share the story of Chance but a bit about myself I Know been in the crypto space for the past seven years 7 00:00:30.980 --> 00:00:39.720 Spend time over at Frax Finance and more recently on the Offchain Labs Arbitrum team leading their a APAC consumer and gaming and I 8 00:00:39.720 --> 00:00:43.300 Finally decided to take a leap back into founder mode 9 00:00:44.120 --> 00:00:46.740 The hardest thing ever to do. 10 00:00:46.740 --> 00:00:53.120 I don't know why I signed up for it, but expect you sir I respect you having so much damn fun with it Actually trying 11 00:00:53.120 --> 00:01:00.920 To build products for like users and you know a bit about chances we're creating a platform where it's the intersection between 12 00:01:01.900 --> 00:01:11.140 Entertainment and interactive for collecting Okay, and we're focusing largely right now on the Pokémon TCG because I myself have been collecting for the past 13 00:01:11.140 --> 00:01:15.320 You know three plus years everyone on the team is TCG native and crypto native. 14 00:01:15.460 --> 00:01:25.560 So we're able to And it's crazy we got in when it was like nerdy You know like now is cool like now everybody wants 15 00:01:25.560 --> 00:01:31.940 To get in because the the big numbers and stuff but really we built this because we wanted to have a product for ourselves and 16 00:01:32.620 --> 00:01:39.300 We want to make collecting the Rather the application for collectors that they deserve. 17 00:01:39.300 --> 00:01:46.840 Hmm, right and that's kind of the vision for chances to really Deliver a third place for collectors when you're not at home or you're 18 00:01:46.840 --> 00:01:53.900 Not at the card show you're on Chance Yeah, it's a platform to collect connect and interact with the hobby gacha Pokémon cards have been 19 00:01:53.900 --> 00:01:56.480 All over my feed I don't think I can get out of it. 20 00:01:56.540 --> 00:01:59.540 I'm like, where do I buy Pokémon cards at this point? 21 00:01:59.660 --> 00:02:04.800 I know there's different players within the collector ecosystem 22 00:02:05.920 --> 00:02:09.760 But we'd love to kind of understand how chance fits in this ecosystem. 23 00:02:09.760 --> 00:02:18.480 Yeah, so When people see the gacha side of things, you know, they kind of treat it as the destination as the product You know 24 00:02:18.480 --> 00:02:25.240 At Chance we see it as simply an entry point because to get you into the hobby I got to get you cards, right? 25 00:02:25.320 --> 00:02:30.540 I got to put cards into your hand and you got to start your collection But once you have that collection, it's time to turn 26 00:02:30.540 --> 00:02:37.940 It into connections because we don't collect in a vacuum We collect so that we can find like-minded individuals so that we can find 27 00:02:37.940 --> 00:02:40.940 Our tribe And that's what makes collecting fun for me. 28 00:02:41.060 --> 00:02:50.220 Is that I have a you know population 21 of the [unclear] Mew card I mean there's only 20 other people in the world that 29 00:02:50.220 --> 00:02:54.440 Could have this card with me and I want to meet them I want to see what else is in their collection, right? 30 00:02:54.540 --> 00:02:55.900 It's a way for you to find your tribe. 31 00:02:55.920 --> 00:03:04.320 So What separates Chance is we treat gacha as like the byproduct to get you into the real product Which is the community and within the 32 00:03:04.320 --> 00:03:08.280 Community it's about entertainment and it's about making it interactive 33 00:03:09.120 --> 00:03:09.560 Okay. 34 00:03:09.880 --> 00:03:10.080 Yeah. 35 00:03:10.520 --> 00:03:10.740 Yeah. 36 00:03:10.900 --> 00:03:17.380 No, I think right now there are I think a few platforms that provide the gacha experience But this is the first time I've heard 37 00:03:17.380 --> 00:03:19.880 The social would you call the SocialFi? 38 00:03:20.060 --> 00:03:21.300 Not SocialFi, but social 39 00:03:23.100 --> 00:03:23.540 Yeah, 40 00:03:24.580 --> 00:03:32.240 Yeah, so first of all, our user base is like 95% of it our web2 users so we're targeting a very different 41 00:03:32.240 --> 00:03:33.880 Segment to kind of begin with and 42 00:03:35.100 --> 00:03:41.280 Separately is I can give you an example of what we mean by interactive so we have this product that we call Co-op rips 43 00:03:41.280 --> 00:03:51.500 Where a Viewer is able to purchase Chance packs from their favorite content creator and the creator could then open that on stream for said 44 00:03:51.500 --> 00:03:59.920 Viewer Is a very you know, the rip-and-ship concept is like Whatnot made it, you know massive But what we did is what 45 00:03:59.920 --> 00:04:11.300 Not as largely physical products with a digital product I can make the experience Immersive I can have the viewer really own their super fan 46 00:04:11.300 --> 00:04:12.460 Moment, right? 47 00:04:12.540 --> 00:04:18.820 So imagine when your order is selected in order queues on the left side when I click on Kinsa's order the whole background 48 00:04:19.620 --> 00:04:30.180 Changes into Kinsa's custom play mat Yeah So you just change the dynamic from you joining a creator stream to you bringing your favorite creator 49 00:04:30.180 --> 00:04:37.020 Into your game room And they're opening packs for you right that is an example of interactive 50 00:04:37.840 --> 00:04:41.700 And also entertainment because sometimes you hit something really big. 51 00:04:41.700 --> 00:04:49.800 Sometimes you get completely destroyed Yeah, so like it's it's content nonetheless So it's like you're watching Twitch instead of donating like says five dollars 52 00:04:49.800 --> 00:04:50.120 Here. 53 00:04:50.120 --> 00:04:54.180 I'm doing go my pack where you open Yeah, but it's actually your pack though. 54 00:04:54.180 --> 00:05:02.920 Yeah, so the way we also did it is we take security Very very paramount at chance and the way we operated on the back 55 00:05:02.920 --> 00:05:12.600 End side is the creator is simply delegated the power to reveal The ownership and the custody of the slab still lives with the purchaser 56 00:05:13.280 --> 00:05:20.860 So the streamer can't disconnect or they can't send the slab to a wrong user because they don't have said power They just simply have 57 00:05:20.860 --> 00:05:22.740 The power to open and to entertain. 58 00:05:22.740 --> 00:05:24.160 Let's say yeah, man. 59 00:05:24.160 --> 00:05:28.920 That's we're very excited We just launched this last week and it's been tremendous traction. 60 00:05:29.180 --> 00:05:29.380 Wow. 61 00:05:29.500 --> 00:05:32.860 Yeah every streamer who's done it Love it because they're not selling packs, right? 62 00:05:32.940 --> 00:05:39.960 They're not trying to push product Like they are simply enjoying the Chance platform and their viewers just happens to be hopping into their order 63 00:05:39.960 --> 00:05:47.520 Queue and it just fills up Naturally, i'm i'm gonna be sending not just streamers, but my mother a pack my grandfather a pack Open 64 00:05:47.520 --> 00:05:48.480 It together at this point. 65 00:05:48.480 --> 00:05:53.700 Yeah, dude We're thinking of doing Co-op rips more of like a party game like if you don't like Jackbox TV Yes, right very 66 00:05:53.700 --> 00:05:59.440 Easy simple Imagine you can have a Co-op rips room You can just invite all your friends to come and you guys can all 67 00:05:59.440 --> 00:06:05.200 Purchase packs together and you can open the packs Within a private party or a private pack party 68 00:06:06.220 --> 00:06:08.620 That's gonna be wild Yeah, it's very fun. 69 00:06:08.640 --> 00:06:10.420 And some major hits were pulled. 70 00:06:10.600 --> 00:06:13.740 I think just on the last stream They pulled a freaking Gyarados poncho. 71 00:06:13.760 --> 00:06:19.960 Yeah, which is like around thirteen thousand dollar market price right now out of a 250 dollar pack It was it was awesome. 72 00:06:19.980 --> 00:06:22.720 I love me some Gyarados Yeah, Gyarados is my favorite. 73 00:06:22.960 --> 00:06:23.160 Yeah. 74 00:06:23.380 --> 00:06:25.820 Oh, well, we got this sexy launch happening. 75 00:06:26.020 --> 00:06:32.600 We got the backdrop of Token2049 is there something that you would you know So you want to share some alpha or 76 00:06:32.600 --> 00:06:37.600 Something that you're really excited about that they should hopping They should be hopping on in the coming week or so. 77 00:06:37.620 --> 00:06:45.160 Yeah, so You know, I see a lot of product innovation from the gacha space is is quite Linear in the sense that you either 78 00:06:45.160 --> 00:06:47.160 Have a higher pack price, right? 79 00:06:47.460 --> 00:06:55.200 50 000 a hundred thousand dollars You have higher evs or higher buyback rates, but I think that's too one dimensional, right as as a 80 00:06:55.200 --> 00:07:04.160 Collector You really want to explore the richness of the hobby and discover new cards So we're thinking of launching a completely different product, right 81 00:07:04.160 --> 00:07:09.980 Not made for the you know Not made for the game of chance element for you to hit something big. 82 00:07:10.060 --> 00:07:18.900 It's about you discovering hidden cards that you otherwise wouldn't have ever known And because of the way we source our inventory, we're able to 83 00:07:18.900 --> 00:07:24.880 Provide that diversity to our users So we're going to be releasing this new product where it's completely away from the idea of game of 84 00:07:24.880 --> 00:07:25.880 Chance and it's about 85 00:07:26.880 --> 00:07:27.360 Curation 86 00:07:28.160 --> 00:07:32.340 It's kind of like investing early And it's like alpha sharing. 87 00:07:32.340 --> 00:07:34.260 It's alpha sharing alpha sharing, right? 88 00:07:34.260 --> 00:07:40.900 And then imagine doing that with your favorite content creator and they can give you Like backstory and lore about a specific card and why 89 00:07:40.900 --> 00:07:49.840 Why you should choose this card over this other card and it just provides a surface area for banter for communication and for content Nice. 90 00:07:50.220 --> 00:07:50.420 Nice. 91 00:07:50.400 --> 00:07:51.540 Well super super excited. 92 00:07:51.600 --> 00:07:57.620 I think I might have to go rip some packs after this But yeah, thank you for and thank you for helping on perfect And 93 00:07:57.620 --> 00:08:03.340 If the audience wants to check it out, they can follow your social media follow your Chance's social media. 94 00:08:03.340 --> 00:08:11.240 Yeah, so Like I said, we're targeting a web too So you find us on instagram at one more chance, moar just like the meme 95 00:08:11.240 --> 00:08:16.500 Or then go to chance.live and start ripping packs directly when we'll probably share our own referral link. 96 00:08:16.560 --> 00:08:18.780 Yes Yes, Link in bio. 97 00:08:19.000 --> 00:08:19.400 Link in bio 98 00:08:20.380 --> 00:08:20.780 Awesome. 99 00:08:20.860 --> 00:08:21.960 Well, thank you so much for having me. 100 00:08:21.960 --> 00:08:22.580 Thank you, Kiet. 101 00:08:22.720 --> 00:08:23.120 Awesome