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Frobots founder Jerry Chan talks battle robots and NFT utility on CoinGeek Backstage

Jerry Chan

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There has been a lot of talk about the non-fungible token (NFT) utility and why these tokens need to go beyond mere speculation. For Jerry Chan, this only happens when NFTs have digital agency and “a little life in them,” and he launches this movement with Frobots.

Frobots, which Chan has previously called “the esport of coding,” was born out of the former Wall Street executive’s research into general computing in Bitcoin, he told CoinGeek Backstage host Becky Liggero.

“It’s kind of a digital form of BattleBots,” he noted, referring to the US-televised robot fighting competition that has its roots in Britain’s Robot Wars. “It’s a tournament-style game where you get to code your bot.”

But it goes far beyond just a robot fighting tournament, Chan said, adding, “…it’s also educational. I wanted people to learn how to write code in a way that can be put on the blockchain.”

Frobots is an NFT game and is the first step towards taking NFT beyond speculation. Chan believes that for this to happen, NFTs need to have some digital agency and “some life.” Once a Frobot is created by a user, it remains forever on the Bitcoin SV (BSV) blockchain and cannot be deleted. However, it can be modified to fight better with other Frobots, making it more valuable.

“As Frobot gets older, the idea is that it should accumulate value, and that value now is not just speculation,” Chan noted.

In addition, Frobots participate in competitive battles where the winner walks away with a set financial incentive. As such, when purchasing a battle bot, the user can look at its history and calculate how much money it can statistically make in the future, which goes beyond speculation.

Chan decided to build Frobot for BSV “because we need to have a low-cost solution to publish transactions on the blockchain, but at the same time be absolutely sure that the data has the best chance of being there in 100 years.”

See: BSV Global Blockchain Convention Panel, Entertainment, Sports & Blockchain

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New to Bitcoin? Check out CoinGeek Bitcoin for beginners section, the definitive resource guide to learn more about Bitcoin – as originally designed by Satoshi Nakamoto – and blockchain.

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