Ep 186 - The Hustle Behind Anito Legends

EPISODE INTRODUCTION

James Chua of Anito Legends joins us in this episode to tell us how his team is building the first Filipino Play-To-Earn game in the Metaverse. James will share how early passion for games and how we double down on his passion by being in IT. He will also share his entrepreneurial leap when he created his first game studio and the struggles they had to go through before they decided to create Anito Legends. James will also share how Anito Legends will help enable Filipinos earn through the game and how people can participate in their token sale.

GUEST LINKS

Follow James Chua on LinkedIn

Find more about Anito Legends on their official website.

EPISODE TOPICS

[3:48] What’s Your Hustle?

[4:34] Hustleshare Time Machine

[5:41] James’ Early Influences

[17:35] His Turning Point 

[27:38] How Games Are Made

[29:28] Monetization on Games

[30:49] How They Gained Funding

[37:19] The Vote Click Success

[38:32] Important Metrics For Game Developers

[41:01] Anito Legends

[54:53] What Are Tokenomics?

[56:55] How He Got To This Point?

Jargons used

  • Web3 - an idea for a new iteration of the World Wide Web based on blockchain technology, which incorporates concepts such as decentralization and token-based economics

  • Play-to-earn - games refer to the concept of gaming in which a platform provides its players with a chance to earn any form of in-game assets that can be transferred to the real world as a valuable resource

  • Tokenomics - a catch-all for the elements that make a particular cryptocurrency valuable and interesting to investors

  • CAC - also known as Customer Acquisition Cost; the amount of money a company spends to get a new customer

QUOTES FROM THE EPISODE

  • “The people surrounding you are the most important [thing in a business.]”

  • “We always try our best to make a game but at the end of the day, the data will always tell you the truth.”

  • “In gaming, it’s a hit or miss kind of thing.”

  • “You need a lot of stamina, grit and illogical optimism in startups.”

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