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Way Forward for Lyth singapore
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Author Topic: Way Forward for Lyth  (Read 6587 times)

chanc3r

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Way Forward for Lyth
« on: July 07, 2015, 11:00:24 pm »

Dear DORCS Asset holders,

apologies for the time it has taken to sort out the direction for Lyth, Damelon has covered the issues that led to this.
I am pleased to tell you that we believe we have found a way to move this project forward.

Freebieservers had previously posted that we were in discussions about options to help with the server side of the Lyth platform, on a purely transactional basis we did not believe this would achieve more than a short term benefit.

Instead we have reorganised the board of DORCS and asked Freebieservers to take a seat on the board and they have accepted. We believe their deeper involvement will help to strengthen the team and therefore improve our ability to get this project finished.

In addition Freebieservers will also be contracted to do the Gameserver development for Lyth.

Also our long standing client-developers have confirmed that they are still onboard and want to work on the game which is great news.

Other key points to note..

Board members can now be removed by other board members if they don't contribute to the project - not saying it was an issue but the bounty/penalty package for the board members is now more balanced with the risk that people can be removed.

Due to the drop in value of NXT we think the current funds will only get Lyth to the alpha stage, we will take it this far and then there will be a funding round to get to Beta and a subsequent one to get to Launch..

If people like the alpha we will raise the funds to go to beta and so on.. As we get closer to launch the risk reduces so we will be increasing the price of the asset with each funding round, more details of this will be announced at each milestone, but it will look something like this..

300k to be sold on NXT AE after alpha
200k to be sold on NXT AE after beta
200k to be sold on NXT AE at pre-launch

That's all for now, any questions please post...

Chanc3r
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yassin54

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Re: Way Forward for Lyth
« Reply #1 on: July 07, 2015, 11:09:17 pm »

Thanks for update
it is Great News!  :)
Good luck for all  ;)

Freebieservers

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Re: Way Forward for Lyth
« Reply #2 on: July 07, 2015, 11:25:13 pm »

Hey folks,

Its an honour being invited to be a part of the project and contribute towards it. As a company, we've been committed towards combining block-chain and gaming for over a year now and this gives us a major opportunity towards realizing it. The team at Lyth has done an amazing job in putting together a team of devs that complement our skill-sets and we're glad to collaborate and find synergies with them. Strategically, this serves towards our interest as

1. We have our portfolio diversified across esports, an in-game item market place and an MMO. All to be launched in the next 2 quarters.
2. Gives us the opportunity to work closely with a gaming project and garner key learnings from the product
3. Further our reach within the nxt ecosystem.

We look forward towards adding value to the companies we work with and delivering on the promises we make to the people that trust us with their time and money.


Regards
cx
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MJ79

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Re: Way Forward for Lyth
« Reply #3 on: July 09, 2015, 03:41:33 pm »

I'm glad to read Lyth hasn't completely died after all  :)

Any updates on where Lyth actually stands atm? Alpha this year?

It still looks like a game i would actually want to play, so i really hope you manage to get it developed. Looking forward to alpha! d:)b



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Nxter

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Re: Way Forward for Lyth
« Reply #4 on: July 09, 2015, 08:13:58 pm »

Another player and asset holder here. Keep it up and thanks for the update!
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farl4bit

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Re: Way Forward for Lyth
« Reply #5 on: July 25, 2015, 12:12:19 pm »

Do you have information about when we can expect something we can see? This year?
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Damelon

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Re: Way Forward for Lyth
« Reply #6 on: July 28, 2015, 10:16:43 am »

Do you have information about when we can expect something we can see? This year?

We cannot in good faith say so.

We just onboarded Freebieservers and they are working hard.
We are also working on the client and alpha world again.

The whole team is active again now and that's a huge relief to us all!

We are also currently in talks with artists for concept art and game art which we hope to conclude within a short time.

We have reimplemented weekly plenary meetings with deadlines to be met for each meeting which has us all beavering away again.

As soon as we have an overview of the tasks to alpha (as it stands now) we can reasonably give you an update on this :)
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farl4bit

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Re: Way Forward for Lyth
« Reply #7 on: July 28, 2015, 10:52:26 am »

Sounds good man. Glad to see this amazing project gain traction again! Good luck!
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oldnbold

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Re: Way Forward for Lyth
« Reply #8 on: July 28, 2015, 02:42:02 pm »


---
As soon as we have an overview of the tasks to alpha (as it stands now) we can reasonably give you an update on this :)

Looking forward to the update and maybe get an article or news item published on nxter.org?

Always hungry for news and views :-)
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JackCelere

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Re: Way Forward for Lyth
« Reply #9 on: July 30, 2015, 09:19:05 am »

Great!

If people like the alpha we will raise the funds to go to beta and so on.. As we get closer to launch the risk reduces so we will be increasing the price of the asset with each funding round, more details of this will be announced at each milestone, but it will look something like this..
300k to be sold on NXT AE after alpha
200k to be sold on NXT AE after beta
200k to be sold on NXT AE at pre-launch
If the price doesn't rise by itself, will you still be going to increase it with each funding round and thus to buy back the assets sold at a lower price, or not?
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Damelon

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Re: Way Forward for Lyth
« Reply #10 on: August 05, 2015, 09:53:53 pm »

Great!

If people like the alpha we will raise the funds to go to beta and so on.. As we get closer to launch the risk reduces so we will be increasing the price of the asset with each funding round, more details of this will be announced at each milestone, but it will look something like this..
300k to be sold on NXT AE after alpha
200k to be sold on NXT AE after beta
200k to be sold on NXT AE at pre-launch
If the price doesn't rise by itself, will you still be going to increase it with each funding round and thus to buy back the assets sold at a lower price, or not?

We expect the price to rise again once now that we have started work again with our new team.

On that note, we had our weekly meeting again and have now cut up our alpha stage into three distinct stages, to make it easier to manage and test.

We are also testing one new developer for the client and he's in close contact with our server devs.

Apart from that, we have trimmed the world we have so far, so it will be easier to build towards the alpha in a way that allows us to test the core features like character, world, combat and economy.

It's easy too go too big to soon with this, so a lot of our talks are trimming and cutting so we have a fun alpha that's still workeable to produce in time.

We're also still working on our concept art, which will of course be equally important to both the game and marketing.  :)

It's really good to be at it again.
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farl4bit

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Re: Way Forward for Lyth
« Reply #11 on: August 06, 2015, 05:47:57 am »

Great! Enjoy!  :)
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yassin54

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Re: Way Forward for Lyth
« Reply #12 on: August 06, 2015, 09:05:10 am »

Nice! Good Luck all  ;)

Nxter

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Re: Way Forward for Lyth
« Reply #13 on: August 06, 2015, 09:08:33 am »

Great news!
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bitme

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Re: Way Forward for Lyth
« Reply #14 on: August 06, 2015, 11:21:04 am »

I keep my fingers crossed for this.
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Damelon

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Re: Way Forward for Lyth
« Reply #15 on: August 10, 2015, 10:07:01 am »

The team has had another meeting yesterday.

We are currently finalising the list of assets and concept art and have a list of artists we feel are good matches for the game.

This week, we are going into negotiations with these artists over employment in the alpha.

Our prospective new dev is now working on a test project for us to see if he is a good fit.

Both of these things are planned to be finished this week, so we hope to be able to give you some definites (barring possible short delays due to time constraints on the part of freelance artists) about this.
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yassin54

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Freebieservers

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Jushe

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Re: Way Forward for Lyth
« Reply #19 on: September 05, 2015, 09:12:32 pm »

You guys are still doing stuff right? I wanna play this game's beta soon O_O
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