NFT is an Untapped Space | Adam Barlam, CEO of Chain Games (FTC 16)

Categories: InterviewsPublished On: March 9th, 202135.9 min read

NFT is an Untapped Space | Adam Barlam, CEO of Chain Games (FTC 16)

 

FinTech Chat (FTC) is a series of educational & informative interviews with world professionals in the FinTech / Crypto / Blockchain communities. We aim to provide content that is digestible in multiple mediums such as video, audio (podcast), and written (blog) form!

 

FTC Episode 16

In this episode, Blockchain Wayne interviews Adam Barlam, CEO & Founder of Chain Games, and the CTO & Co-Founder of TrustSwap.

 

Prior to founding Chain Games, Adam was the CTO and Founder of Rebuzz, a decentralized social network on blockchain that distributes rewards to viral and engaging content and users.  

Note: This transcript was automatically generated by artificial intelligence (AI) and therefore typos and grammatical errors may be present.

 

00:00

Intro: Interviews on crypto blockchain with your host, Blockchain Wayne on FTC

 

BLOCKCHAIN WAYNE: Hey welcome everybody. Today we are joined by Adam Barlam. Now Adam is the founder of Chain Games and the co-founder of Trustswap and… but has a great history in the space in the cryptocurrency space with a lot of blockchain applications. So Adam, first and foremost, thanks for joining us today. 

 

ADAM BARLAM: Thanks for having me, Wayne. It’s a pleasure. 

 

BLOCKCHAIN WAYNE: Awesome, man. So we’ve… it’s been a while since we’ve done a… you know, catch up like this. And we’ve talked about some of your past projects. And I think the… audience would be… you know, really interested in hearing kind of your history in this space, man, so tell us what led you into where you are today. 

 

ADAM BARLAM: Sure sure so I come from a Linux and an open source background, worked at Intel and Godaddy for almost 10 years in architectural positions. And it was actually at right before Godaddy, I worked at a financial newsletter publisher. And you know, I was really getting into bitcoin. I saw bitcoin went from like 6 dollars to 36 dollars. And we were… at the time we were covering like penny stocks and options and stuff like that. And I went into our… you know, I did IT stuff for them and… and did their websites and development and SEO and stuff like that and their IT infrastructure. And I remember I went into a meeting with them and I said hey guys… you know, this is our penny stocks meeting, I said hey guys… you know, there’s this thing called bitcoin. It’s like internet money and it’s really super volatile and it’s gone from 6 dollars to 36 dollars. And I really think that… you know, our penny stock readers would be super interested in something like this. It seems like it’s like right up their alley and I got laughed out of the room. They’re like you’re crazy. This is funny internet money what are we gonna cover world of warcraft next like they were… they were dogging on me. And then I brought it up like two or three subsequent times in meetings like hey guys it’s up now it’s six dollars and keep just going up and up. And they’re like no no no, we’re not going to cover this. And it’s funny… you know, and I told the story before that like if I had gotten involved back then if they had gotten involved back then, we obviously would have bought coins and messed around with wallets or whatever. And we all probably would have been retired by now, because we would have gotten into bitcoin at like… you know, a couple of dollars per bitcoin. So that’s kind of funny that was like my first foray into… into bitcoin. And I… but I didn’t really get involved. I was just like reading about it then in 2012 or 2013, I was working at Godaddy and we had a Godaddy employee there that was like getting really into it. He was buying it pretty cheap as well. He’s like hey I just bought these bitcoins it was like 20$ now they’re like 300$. And that’s actually when I first bought my first bitcoin it was like 200$ so I bought three bitcoin and it went up to six hundred dollars. And I was like I’m out. 300%… you know, that’s good for me… and you know, again, I wish I held on to those. But oh well, and then… you know, I kind of like… you know, we went through the bear market. And I really wasn’t paying attention to it. And then really in 2016, it was really like when I started diving down the rabbit hole like pretty deeply, and I…. you know, was checking out Steem. And Steem really intricate like intrigued me. Then like I was like… I like social networks and I thought like Steem was like a really cool platform. And I started developing a project called Bravocoin which is like Yelp and Tripadvisor on blockchain. It was for iOS and Android and it allowed users to rate restaurants, movies, video games and a number of other things. And basically depending upon how many likes they got kind of like the Steem ecosystem would dictate how much crypto they would earn. And it was like a completely bootstrap project… you know, we had… we had thousands of users on it. And then Covid happened and we kind of you know… got curtailed a little bit. And it’s kind of on the blackburner. I also created a platform that was a fork actually of Bravocoin once Covid happened called Rebuzz which is kind of like a mashup of like Tiktok and Facebook and Instagram and Twitter and very similar concept… you know, like depending on how many likes, how viral, how much buzz… you know, your… you can drive on your… on your post again you know… how much buzz tokens you earn and that again is a fork of the Steem protocol, which is Bravocoin, which is… you know graphene. So both those projects they’re… I mean, they have thousands and thousands of users. We’re… we’re actually undergoing a chain upgrade for both of them right now when we’re putting in some new features. But you know, once Covid and all that stuff started to hit, I really started to look into applications that… that people… you know, like that would do really well during Covid… you know, because people are at home and not going out as much, the video game industry has just been exploding and… you know, I… I’ve had this idea for Chain Games for even before blockchain was around when I was in college in like early 2000s… you know, actually ever since I was eight years old, I remember playing goldeneye with my brothers… you know, and my friends. And we were betting baseball cards and basketball cards for who was gonna win… you know, like the goldeneye matcher or NBA… you know, or was it… it was NBA live by EAsports back then and playing Madden all these different games. We’d be betting… you know, football cards, baseball cards on the outcome and… you know, for the longest period of time, I wanted to create a video game platform where you could wager against people. And you know, I looked into this in like the early 2000s. And I got a legal team actually involved and they said we don’t know about this… you know, the merchant accounts are gonna have a hard time with it. We don’t know about the legalities. This was like right around when like poker was really starting to get big. But you know, they were starting to crack down and like pokerstars got shut down and whatnot. And they’re like yeah you probably just want to forget about this right now. So I forgot about it and then in like 2016 to 2017, when blockchain really started picking up… you know, that thought came in my head again like blockchain is the perfect medium in order to… to launch a platform in an application like this. You know, so you know, right before I was… I was working on for a while but right… you know, when Covid I really started kicking it into high gear. And I said… you know, I want to come out with a… a video game platform, an esports platform that runs on blockchain where users can bet tokens against each other for games of skill. And you know, I was very… you know, I played other blockchain games that existed and… you know, not to like rag on them or anything but they were… they’re pretty basic. They’re card… you know, card based games like steam monsters and so on so forth, and I felt there really weren’t any quality blockchain games, like blockchain gaming was like two decades behind the current… you know, games that are out there right now in terms of graphics, in terms of… you know, functionality, playability, just the look and feel of it like it felt very archaic and antiquated. And I wanted to change that we wanted to… you know, really have the ability to use blockchain and have users engage and compete against each other for cryptocurrency. And then you know, and but actually have quality type of games so really that was the impetus and the idea behind behind Chain Games. And in August, we… we launched an ICO, we raised almost two million dollars in 60 seconds on the Trustswap platform was actually the first Trustswap launchpad. And we had a game that launched with it called super crypto cart. And super crypto kart, it’s like a mario kart type of game where we added in all these different types of crypto projects and characters like Vitalik’s in it and Satoshi’s in it. You know, we have all these… you know, and Justin Suns in it with the Tron kart and… you know, there’s all these different… (BLOCKCHAIN WAYNE: Craig Wright card?) I’m sorry? (BLOCKCHAIN WAYNE: Craig Wright, you have Craig Wright card?) You know, I wanted to do a BSV kart and have it like a seat mobile looking like… but I know he’s very happy and I just didn’t want to be on the… the other end of like some lawsuit like… like Peter McCormack, so it really did cross my mind I really did want to make a BSV kart. It would be like a poop emoji or something you know driving along but… but I decided against it, so unfortunately no, there’s no BSV kart in there now, maybe in the future, we’ll see. (BLOCKCHAIN WAYNE: Makes sense, though, makes sense) But so yes, we launched with the super crypto cart type of game… you know, where users can race each other and bet against each other and then according to this is a 100% decentralized non-custodial gaming platform. So the way that it works is that… you know, where we run on Ethereum. Users join a lobby or… and pay an entry fee then those funds are locked up in a smart contract. And then the smart contract ingests the stats at the end of the game. And it figures out who won… you know, who won the match and pays out the tokens accordingly. And that was like our proof of concept really like to show… you know, to start out and show that like… you know, this is a viable solution… you know, this is what we’re going towards and… you know, so we start with super crypto cart. And then you know, we really want to start overlaying and interfacing with existing tier one games, so we have in December, we launched the ability to overlay on top of call of duty, so now users can link their Xbox live account and their Playstation network account and their battle.net account and authenticate with their username. And then we track the stats from their games and basically we can… we kind of do the same exact thing where they can join a lobby, they pay an entry fee in tokens whether it’s for most kills or most headshots or kill death ratio. And they can engage and play against all these other people online regardless of where they are in an anonymous kind of fashion and… you know, and win based upon their skill… you know, in this video game. And you know, it used to be… you know, previously you know, or currently, even currently now with like esports competitions, you have to be the best of the best to like go these competitions, you’re like a ninja or like what’s that a doctor… not doctor destructoid… I can’t think of his name right now. You know, you’re one of these like… you know, crazy highly paid very well known players or you’re part of like… you know, like the optic group for call of duty. And you know, it’s very very hard for the average consumer to engage in these types of… these types of battles and get paid or win for it. So what we wanted to do was… you know, we want to have a system where everyone can join and everyone can play and depending upon your skill in these video games, you could start earning crypto for it. So you know, that was the whole idea behind… you know, starting this platform and not only having like our own games like super crypto kart but also overlaying on like call of duty. We have support for Madden coming up very soon and NBA and Fifa. And you know, basically any tier one game where we can… you know, pull in the stats into our smart contracts and figure out who won and who lost… you know, it could easily be put into our ecosystem… you know, so that was the… you know, that was kind of like the plan. And then… and then, even you know building some of our own games,. we have… we’re really targeting like casual mobile games as well now too. So we came out in December with a version of Uno called Chino. So it’s like a crypto version of Uno up to four players. You know, you can play uno and then same… same concept. You know, you utilize your chain tokens and we really feel like… you know, this type of ecosystem where people can compete against each other… you know, and not just tier one games… you know, not just like we call them the game maniac, games like… you know, your… your call of duty, your… your Madden and your NBA, but also the casual gamers. It’s interesting, I didn’t know this until I really started saying all this stuff up. But the most popular gaming demographic and age are women, age 55 and older, and they are playing candy crush, they’re playing like bubble shooters. They’re… I mean, they’re super intimate, it’s all mobile based. So you know, that’s like the next phase of what… you know, we’re really focused on. We have three mobile games that are coming out very shortly. We have a candy crush type of game, we have a pool game and we have a bubble shooter type of game. So it’s like… you know, I don’t know if you’re familiar with like bubble which is pretty popular in the app store right now. You know, candy crush, everyone knows what candy crush is. And then like… you know, a billiards a type of game. And it’s very… you know, same concept. You can do it all through your phone, all through mobile and… you know, we’re trying to attract that audience as well and just have like… you know, this over-encompassing gaming ecosystem where everyone can come and play and compete against each other and win tokens. 

 

11:08

BLOCKCHAIN WAYNE: Nice nice, so I’ve gotta back up a little bit man, because I got… (ADAM BARLAM: Sure yeah I know that was a lot, that was a long way) I’ve got to ask so you mentioned early on about trading baseball cards for games… you know, as kids, right? So is there going to be an iteration in Chain games where you can put up like NFTs, the current day column collectibles baseball card… you know… ish and be able to… is that something that’s coming down the road to be able to bet? 

 

ADAM BARLAM: You know, it’s maybe. No, I think I think that’s great. I think NFTs is they’re… they’re a space that’s pretty much untapped. And I think that’s it’s almost like a segway to bring in a lot of people who aren’t into the crypto sector into the crypto sector just like I feel… like gaming is the same type of… the same type of segue. You know, you have a lot of your gamers at least your hardcore gamers like… you know, the people who are playing call of duty under PC. And they’re… you know, adding a 30 90 nvidia card. These are normally somewhat technical people. And I feel it’s a pretty easy bridge. And then… you know, for them to make the jump from… you know, just pure gaming into crypto gaming in this esports type of fashion. So you know, I feel like this environment is…. you know, is perfect for them. You know, it’s not really that much of a learning curve for them to come over, especially if we can incorporate easier onboarding methods and on-ramps, which is actually what we’re working on right now. We’re working on fiat on-ramps, so that users can purchase chain tokens directly with a credit card and get funded right away right into their wallet. So they don’t have to go onto Uniswap, and they don’t have to… you know, get Ethereum first and transfer to Uniswap, and then learn about gas fees. You know, it’s… it’s a very complex task for someone who’s not very familiar with blockchain or with crypto or however. And it could be an expensive task… you know, we were talking about this before… you know, if you’re buying less than like 100 tokens with what gas rates are right now, it doesn’t pay to do it you might as well just go in and… you know, get as many as possible, because you know, you’re… it’s going to be a hefty chunk of it is going to be your gas fees. 

 

13:01

BLOCKCHAIN WAYNE: Yeah yeah, that’s definitely something that that’s kind of a barrier right now… you know, looking to see… see that that kind of ease up a little bit, but… and people don’t understand that it’s not about… you know, the gas fee is not based on the dollar amount of value of the token, it’s based on the transaction, so… 

 

ADAM BARLAM: Sure… sure, I mean we’ve even had people coming to us on Twitter who aren’t really familiar and they’re like… why are you guys charging us so much for gas fees. I’m like you know it’s not us, it’s… you know, the congestion of the Ethereum network. And this is… you know, when we first launched Chain Games, it was right during the… like August September DeFi craze. And when we were initially testing Chain games, we were doing it all on layer one gas was like 30 40 gwei and it was doable to actually do everything on layer one on chain. And then the spike hit and… you know, the fees were ridiculous. And we ended up having to very quickly scale up and implement a layer two solution. So we actually run… you know, we have layer one but then we have a layer two solution that runs on top that actually all the gaming and all that stuff takes place on. And we actually use Matic which is now called Polygon network. They just recently changed their name and actually the fiat on-ramp that we have that’s coming out is actually a full layer two solution. So when you use your credit card… and you’re buying chain tokens, you’re already buying them on layer two which means that there’s like very very minimal fees and it’s instantly transferred to your layer two wallet, which is playable in game almost immediately. So that’s… you know, in terms of a user… you know, a positive user experience… you know, that… that it’s very good for… for a new person coming on board. (BLOCKCHAIN WAYNE: Awesome) You know, even cheaper, obviously way cheaper than going through the Uniswap route and paying gas fee and moving it over. 

 

BLOCKCHAIN WAYNE: Yeah yeah, definitely… definitely, so you know, hey one game… you know, I’m sure… you’ve probably got tons of ideas for games, but remember that game went viral a while back. And then the… the guy that created it deleted it from the store was called like something like Flappy birds or something? 

 

ADAM BARLAM: Yeah yeah (BLOCKCHAIN WAYNE: Yeah) That interesting. We’ve… we’ve had a couple… actually I’ve been looking at some Flappy bird types of games, even like some open source ones that we potentially even modify and adjust. And I think a Flappy bird type of game like any type of game that is pure games of skill, that’s what we need to focus on. So there… there’s a… a legal differentiation… differentiation between games of chance and games of skill. So games of chance are like your casino games, like your slots and your craps and blackjack and all that stuff. And in order to operate a system like that you need to have a gaming license, a couple of jobs which we don’t have obviously we’re not… we don’t plan on applying for one. So what you normally see is the platforms that are projects that are currently doing that are either… they’re either anonymous teams. And you know, that’s how they’re operating it. Or they actually do have a gaming license and they’re in like an actual jurisdiction where… you know, they can have those types of games. But games of skill are much… it’s a much different beast. Games of skill are legal in 41 out of 50 states and about 90 percent of jurisdictions worldwide, because there’s actually skill involved… you know, like it’s… it’s not just… you know, pure chance of pure luck. So you know, any game that is a game of skill is definitely something that we’re interested in bringing into our platform. And our goal by the end of this year is to have anywhere from 50 to 100 games all running on the champions network. 

 

16:03

BLOCKCHAIN WAYNE: Nice nice, that’s a good lofty goal. But yeah, I mean that’s definitely… you know, people are looking for it. I’ve seen it personally just… just looking at the amount of video game sales that make consoles over the last year have been impossible or fine… 

 

ADAM BARLAM: Oh yeah absolutely. I mean Activision released their… their quarterly stacks recently. And they were like 20% above the highest projections. I mean the people are home. They’re because of covid and instead of spending money at restaurants or going out to the bars or whatever, they’re… they’re spending money on video games. And they’re upgrading their guns and call of duty and buying the season passes and doing all that stuff. That’s… that’s their new form of entertainment. 

 

BLOCKCHAIN WAYNE: Nice nice, so I’m sure another hot topic right now being AR, is there… are there any plans to incorporate AR games VR games into it? 

 

ADAM BARLAM: Yeah we’re looking at AR, and we’re looking at vr. You know, we thought we think it’d be super cool to do like VR type of boxing game or something like that. We’re actually boxing someone and… you know, like the winner gets paid out like almost like a prize or a purse like a real boxing match. I feel like… you know, the industry is gonna start shifting over that even… you know, just the general video game industry is starting to move over to the VR platforms. I recently about three months ago picked up a… an oculus quest 2 which is super freaking cool. I’ve been using that. We… we’ve actually been looking into a guitar hero type of game where users can compete. And you know, it’s all about competing head-to-head. There’s… you know, video games are very competitive… you know, by nature, so it’s only… it only seems natural to me to add some sort of like monetary system into it… you know, where you can compete for it for money or tokens or something like that… you know, gets these other players. So not only are we… we’ll be looking into that, but we’re also looking into incorporating traditional fiat as well. And we feel that’s going to be a great way to bring over the masses into our ecosystem. So we’re going to have crypto based games, but then we’re going to have cash based games via paypal and credit card and debit card. And then you’re actually going to be able to merge those two together. We’re going to have crypto players playing against cash players. And our system is going to figure out at the very end who’s how to pay it out. So if a crypto player wins, it’s going to pay out crypto to them and do a buy on the back end and send them over the tokens and vice versa. If it’s a cash user that wins, it’s going to do a sell and then bring over the… you know, the tokens to them. 

 

18:13

BLOCKCHAIN WAYNE: Cool I’m sure you’d probably be able to incorporate cash app as well since… you know, Square is so pro bitcoin. 

 

ADAM BARLAM: Yeah we’re looking into… so we’re currently working with Transakt that’s actually our… our fiat on-ramp partner. And they’ve actually told us that they are going to be working with Apple Pay and Google, so that’s actually going to be the potential that is… that not only can we pay out and… you know, right to bank accounts via ACH or even iban, but we can also do a direct payout to Apple Pay and Google Pay eventually. So I mean we’re… you know, it… these on-ramps and off-ramps are starting to get a lot more easier and a lot more involved. And I think… you know, especially with Paypal getting involved with Mastercard saying that they’re going to start accepting crypto. I mean I think we’re right at the cusp of these on-ramps and off-ramps becoming a lot easier and ubiquitous for… for users to use. 

 

BLOCKCHAIN WAYNE: Awesome, so a lot of things happening there, man. That… that is exciting. And before we run out of time, and I definitely I know we could probably sit here and talk about gaming for a while, sounds like that’s something you could probably talk about for hours (ADAM BARLAM: Oh yeah) but tell everybody a little bit about… you know, you also co-founded Trustswap, so yeah about what Trustswap is and… and what it’s there for? 

 

ADAM BARLAM: Yeah… so Trustswap is an interesting story. Jeff Kirdeikis posted on… on the facebook cryptocurrency investing group in June, in late June I believe it was. And he said hey I have this idea for like an escrow type of system, so… so how it actually originally is that Jeff just started Uptrennd. And there was an investor that wanted to buy uptrennd tokens off market. He wanted to buy them like otc like… like a significant amount, I think like a hundred thousand dollars or two hundred thousand dollars with the tokens. And he wanted a discount over what the current market price was. So he’s like… you know, I want to… I want 200 thousand dollars in tokens and I want 25% off whatever the going market rate is. And Jeff said okay, that’s great… you know, but we need to ensure there’s some way that you can’t just dump these tokens onto the market. And he’s like… you know, I’ll be looking to see… yeah exactly, he’s like let’s be looking to see if there’s like a smart contract or software or something that exists that we can like slow release tokens to you like on… like a monthly basis, like a vesting period. And he looked around and surprisingly enough, nothing like this existed on. And which is… which was mine back for me when he actually came in and told me this, I was like you’re crazy, something like this has to exist, it’s impossible that like I mean this it seems like this is what Ethereum was built for like to have a smart contract that would have this type of functionality. He’s like no, man. I looked into him. He’s like we actually had to use a lawyer as an escrow agent and we had to pay this lawyer between five to ten percent every single transaction for him to release the tokens to this investor. And I was like wow that’s crazy and he’s like… you know, I want to create this where it’s… you know, Trustless in a smart contract. And instead of charging five or ten percent, we can charge like 60 basis points if they’re using Ethereum and 30 basis points and figure that they’re using our own token. I was like all right, this sounds like a pretty cool idea. So I mean that’s how Trustswap launched. And you know, that’s… that’s what we went into it with. Yeah let’s see how this does… you know, we think it could work out, it could do pretty well and it just like exploded. People love the idea. We start bolting on other services onto it. We added what we call smart swaps which is like a trustless smart contract where… you know, you can go and say… you know, say you meet someone on Reddit or a chat room or whatever no longer will you have those scams, they’re like hey give me one ETH and I’ll give you five ETH back or something like that. You can say all right well, let’s go to smart swaps, you put in your one ETH when I put in my 5 ETH. It releases… it… when the contract conditions have been met and both parties… you know, receive their tokens in accordance with what the… what the contract said. So we started doing the smart swaps and then we… we launched what we call the launchpads. And the launchpads is what really… is starting to take off. And basically what it is is that we have projects now… you know, our main thing is that… you know, we started doing smart locks and these vesting contracts, because we were concerned about not only you know… like the scenario that Jeff had where we had… he had an investor want to release the tokens over time, but we thought it was a valid option, a viable solution for teams that were doing rug pulls where… you know, they would do an ICO, they would issue the ICO and then also their tokens would be gone. They… or they dumped them on the market. Now they can lock them up in a smart contract. The community and the public can see that they’re locked up for x amount of time. And they’re released… you know, monthly over a period of two years or something like that. And it gave… you know, more confidence into it to the community. So you know, we said okay, let’s… you know, let’s have projects that are interested in launching and… you know, a requirement of coming on to the trust launchpad is that hey, you need to lock your tokens up in our platform to ensure that… you know, to give investors more confidence that… you know, that you’re not going to add the scammer, you’re not going to rug pull. So that’s kind of like how… like the launchpad started. And that’s gained definitely a lot of traction because it’s almost like… you know, all these… all these users and community and people around the space can now almost be like a VC where… where they get early access to these projects. And they can ensure that… you know, they’re legitimate, they’re… you know, there’s not going to be potentially any issues with them. So you know, we kind of went down that whole route. And then our next iteration which is actually coming up very soon, we’re calling Trustswap mint. So now, not only… you know, before it was tokens the project would lock their tokens in the smart contract, the Trustswap smart contract now we actually have an entire minting function where… you know, instead of a project being to get developers and auditors… you know, and spending anywhere from you know 100 000 dollars up to you know multiple hundreds of thousand dollars to get this entire process done, they can actually go to our minting website. They can choose how many tokens they want to mint. They can choose whether or not they want the contract to be upgradable. They can choose whether or not there should be an additional mint function in there. They can choose whether or not to lock the tokens up and basically all these parameters are going to be listed publicly for… for the crypto community to see. And they can kind of judge it by themselves. It’s almost like a grade like okay… you know, this project has an additional mint feature which they wanted in there, okay that may be a little bit of a yellow flag or a red flag potentially tokens in the future, because I mean these are different types of attack vectors that… you know, that you’ve seen in the space. So what we want to do is we really want to… you know, give these projects, new projects that are launching on the launchpad or not on the launchpad the ability to… you know create an audited contract right from the minting functions or the mint smart contract as we call it is already a fully automated contract. So anyone who goes through it then is already… you know, they’re gonna inherit all the… the audits that we had for the originating contract. And basically it just gives… you know, we’re all about having… you know, security and stability and transparency… you know, put forth into… into the… this ecosystem. And that’s the only way that… you know, the crypto community is going to grow in… you know, these projects are going to grow. You know, these exit scams of what’s going on is terrible for the space. It’s not good for anyone. It’s just it just gives the space a black eye, so if we can reduce that as much as possible… you know, and try to eliminate the attack vectors… you know, and say okay… you know, this project was launched through the… through Trustswap mint and… you know, check check check check check, they have an A+ rating on all the… the different function calls… you know, that you know, that they… that it’s nearly impossible for them to exit scam. I mean I think that’s great. I think that’s really gonna drive… you know, a lot of these projects moving forward and giving… giving the community… you know, in the space just more transparency in general. 

 

25:03

BLOCKCHAIN WAYNE: Yeah definitely needed with all the rug pull we saw over the last year, so exciting to see some things happen. So if I get hit up by a scammer instead of just blocking them, I should take them over to what it’s called smart swap… 

 

ADAM BARLAM: …Smart swaps and be like, hey you said, you’re going to give me 10 ETH for my one ETH, go lock up your penny. As soon as I see that locked, I’ll put in my money and we’re good to go. (BLOCKCHAIN WAYNE: Awesome) Yeah I mean that’s definitely… that’s something… you know, kind of a comical use of it. But you know, it’s used a lot right now for OTC deals for… you know, users or… you know, whales who don’t wanna go to an OTC broker who’s gonna charge five percent for… for a trade. They now can go on to smart swaps and ensure that both parties are gonna adhere to the conditions… you know, and no one’s gonna… no one’s gonna scam them. So you know… that’s definitely one of the major use cases of smart swaps. And we’re even taking that a step further and you’re gonna love this, because I know you’re an NFT guy. It’s our platform that we’re launching called Swappable. So swappable is an NFT and Erc20 marketplace that runs… runs on Ethereum. And it utilizes the swap ecosystem so it’s a 100% trustless decentralized non-custodial. It’s gonna… it’s kind of like… you know, youre Rarible, your Opensea kind of mix like a uniswap and smart swaps, kind of interface. So it’s like a decentralized type of… I almost call… I call it like a decentralized Ebay. And you know the… the issues like I love Rarible, I love Opensea but they have a couple of issues. One of the issues is that I feel like they charge too much money. They charge two and a half percent on the front end on to sellers, and two and a half percent buyers. So they’re getting a five percent rip on every single transaction. And we feel… you know Trustswap is all about giving value back to the community, especially people who are staking the trustswap token. So all of our services right now, whether it’s the smart locks, the vesting even the launchpads, we give stakers eighty percent back of all the transactional fees that come in on the network. So they’re staking swap tokens, they’re getting eight percent of everything that’s coming in. And we plan on doing the same thing with swappable. We’re not going to charge two and a half percent on each side. What we plan on doing is charging 60 basis points and Ethereum 30 basis points in swap and then 80% of those gonna be distributed back out to the community. So you know, the buyers are gonna be saving money, the seller’s gonna be saving money, the swap community is gonna be… you know, retaining earnings from the transactional fees. And it… we think it’s a win-win all around. And not only will you be able to do NFTs on there, you’re almost going to be able to have an ERC20 open order book or marketplace where… you know, whales can go on there or someone that just has any type of ERC20 token, they can say okay I have a thousand Chainlink tokens and I’m willing to accept either this much USDC, this much Tether, this much in YFI, this much in Trustswap. And basically they can also have like an open order book of what they’re willing to accept for their order. And then people just go and fulfill their order for them. 

 

27:47

BLOCKCHAIN WAYNE: Oh cool, very nice, a lot of exciting things happening, man. So as we wrap up, man, this is all great stuff and I’m sure everybody wants to… is going to want to learn more, so let’s start with Chain games. Tell them where they can connect with Chain games and learn more about the project. 

 

ADAM BARLAM: Yeah so check out chaingames.io and then also definitely follow us on Twitter. We’re very active on Twitter. Our twitter handle is real chain games. And then… you know, even if you want to hop into our Telegram, it’s just the chat name is chain games as well. So those are three great resources tosee what’s going on and keep up to date. Trustswap is trustswap.org, you can also get to trustswap on telegram with just the name trustswap. And there’s links on all the websites with directly over to all of our social places that we hang out on. And yeah, and check us out, come in and say hi, and check out the ecosystems and play some super crypto kart on chain with us. We have players… you know, all talking about in the chat, playing all the time and see if you can win some chain tokens.

 

BLOCKCHAIN WAYNE: Nice nice exciting to see, can’t wait to see some of the mobile applications roll out, too. Because I think that’s where a lot of… you know, there’s a lot of hardcore gamers, but there’s a lot of like you mentioned the… the ladies just as many men almost that are… you know, these mobile gamers, because we always have these things in our hands… 

 

ADAM BARLAM: Yeah sitting on the airplane, playing… you know, playing candy crush or whatever. Now you can play our version of match three and win some tokens on it. And you know, I also want to mention that… you know, we also have games where you don’t even need to put up any money. We have free games and then we actually have free games where you can win tokens, so like we have sponsored call of duty events right now going on where you don’t need to put up any tokens at all. You can join they’re actually running every four hours where you can join a match if you get the most headshots, most kills, the best kill death ratio… you know, you rank in like the top four, top five, you’re gonna get free tokens for it. And just get started in the ecosystem, so try it out. 

 

29:34

BLOCKCHAIN WAYNE: Awesome yeah, definitely check it out, definitely get in there and try it out. Adam, again man, thanks for the time today. It’s been… been a pleasure getting to catch up with you, see everything that’s happened since the last time we sat down for something like this and can’t wait to see what comes… you know, with everything going, with everything… you know, with Chain games, with Trustswap and even with Rebuzz and Bravocoin. I got a feeling… you know, those are gonna really catch on as well. And more people get to… get to see them and use them. 

 

ADAM BARLAM: Thank you so much for having me. It’s been… it’s been a pleasure. 

 

BLOCKCHAIN WAYNE: Cool. All right everyone, thanks for watching. We’ll see you on the next episode.

 

— — — — —

 

About Blockchain Wayne (Host)

Wayne has been managing, teaching, and coaching high performing teams for over 20 years. He has a passion for helping and teaching people and a passion for cryptocurrency and blockchain projects. He has created various coaching programs and partnerships with select education platforms and cryptocurrency program tools.

You can learn more on his website: https://www.blockchainwayne.com/


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