Blockchain startup DreamTeam’s (DTT) goals for the gaming industry
Crypto Finder spoke with Andrey Cherednychenko, marketing director at DreamTeam, about the esports and gaming infrastructure platform's plans in 2018
Interview from Blockchain Week London on 23 January 2018.
Read the transcript:
Who's your typical customer? Who do you think would come to you?
Our customers are competitive gamers, like all type of competitive gamers. There are basically three types of them. First one is the people who play for fun. So basically, wherever you like, just play racing games, yeah, and you want the good teammate for you. So, you go to the DreamTeam and find him. You don't need any money. You won't spend it there, but that's a product for you. We want to help people also.
And second target audience is people who want to play on amateur leagues. So, they are not yet pros but they want to play competitively, like seriously. So they need a good team. They need to join tournaments, so they might use some of our tools. And third one is, like, professional gamers and the people who are dedicated to the gaming, and they want to earn money on this, and it's their life basically.
What stage are you at? Are you in testing? Have you launched? Where are we?
So, we started the development of the platform in the beginning of 2017 and we launched a beta in October and we already have 150,000 of users. So just in two months, by doing the precise user acquisition and sponsorship things, we acquire our people, and now we are developing very intensively the blockchain part. We will show test network next week with a working smart contract with a test token, so people, like, can try it out, how it's done.
And in terms of ICO, we're making an ICO for our DreamTeam token, which will be, like, basically run as a, like, only currency on the platform for smart contracts, for all agreements, premium accounts and etc. We did a first part, first phase, of token sale in December, and we're making, raised six million dollars, and we're making a second phase in March this year.
What's your transaction rate?
We are making a token on ERC20 right now, so we're limited to the general network of Ethereum. However, we are considering our next moves to change it due to the limitless of it's, like, fast and a number of operations we're looking for EOS or our own blockchain.
You're running into problems?
We know that Ethereum is a little bit, like, cluttered right now due to lots of tokens running on it, and in general, so we are seeing in the future and evaluating our next steps in advance, so before we have problems because we know we will have them.
Nice to establish that, what's your growth plan?
Our roadmap is the following. We launched a beta with the recruitment module and one game. Right now, we're adding like the blockchain, improving our UI, our UX, adding second game and adding management module. So during the 2018, we want to have five games, recruitment, management and tournament modules, with the basic smart contracts for salaries and maybe prize money payouts. For the next year, our plan to grow two times more for 8 million, finish the development of management tools, so would be like a real powerful tool, implement analytic tools and sponsorship tools. So before the end of next year, like, we want to have a constant amount already of the, like, talking turnover.
Do you have competitors in the fields who are trying to do similar things?
There are different coins right now in esports, but they are, like, they're specifically in some spheres. They work in, well like, one field, for example, items trading or tournaments. There is, like, no infrastructure totally, and there is no platform which focuses some of our things. For example, there are some, likes, very small recruitment but they're mostly amateur efforts or there are like some analytics, but there's no infrastructure platform, there is no database, there is no one place to gather it both in terms of the blockchain-based startups and not.
So we are like the pioneer in this sphere, and also as like one of our competitive advantages is that we just finished the first phase of token sale and we already have a product. I mean, it's a working product and it acts as a proof of concept. And we're moving on really fast. Gaming market is expanding really fast right now. The essence of the gaming is a competitive gaming. Esports is top notch when people play professionally. The market will hit 700 million dollars in revenues this year, but it's limited due to three main problems, which is insecurity and fraud, such as non-payments of prize money or sponsorship fees.
Second one is a fragmented market, so no database. You have to do research, everything manually, and no place to go when you want to enter esports market. And third one, due to all of this, it is very limited to the, like, key players, big companies, big investment funds. We're building a dream team, an infrastructure project and payment gateway for the esports.
So we're solving these problems by three casings. First one is a blockchain-based payment gateway so everything will run on the smart contracts: prize money payouts, salaries for the players. Secondly we're making a marketplace so, for esports, so all esports entities will gather under one roof on the DreamTeam. So players, tournaments, teams and players.
And thirdly, we're making the tools for them to expand, like management tools, analytic tools, media tools, and as a top of all that, we're making the marketing tool so they can earn money on their passion.
And how are you funded at the moment?
We've been funded, like, by private investors because our founder is a founder of one of the biggest eSports teams in the world, so basically, he has his own money. We were fine in terms of development, but we want to expand even more and grow the whole industry, that's why we're making an ICO. Why would you not invest in the number one sport of the future?