A report published by the blockchain game alliance (BGA) shows that non-fungible token (NFT) games generated billions in revenue in the third quarter and generally saw remarkable growth throughout the year.
According to the report, the third quarter of 2021 was dominated by NFT gaming, with 2.5 million Unique Active Wallets (UAWs) connected to blockchain dApps on average “making blockchain games responsible for half of all blockchain usage”.
Will the traditional gaming industry use blockchain in 2022? With @blockchaingmg, author at @BCGbiz
With the surge in NFT games, the sector accumulated US$2.32 billion in revenue between July and September, representing 22 percent of total NFT trading volume industry-wide for that period.
The report also cited DappRadar’s data showing a 6,566 percent increase in daily UAWs interacting with game-related smart contracts, rising from 23,100 in Q3 2020 to 1.54 million daily in Q3 2021. However, UAW numbers do not translate to unique users, since a single individual might use multiple wallets to interact with a single dApp.
The Metaverse Raking in Digital Dollars
The metaverse has drawn much attention since a few major names in the tech industry mentioned they were dipping their toes in. The industry was also fuelled by virtual land sales that hit US$42.6 million and are continuing to grow; the market cap for virtual world dApps reached a new all-time high, surpassing US$4.6 billion at the end of November.
VCs forked out $4B in blockchain games & infrastructure this year.
Blockchain gaming has firmly established itself as the industry’s darling. With the consumer growth participating in blockchain games, dApp and gaming trends will come together into something even bigger and potentially all-encompassing: the metaverse.
Dragos Dunica, co-founder, DappRadar
Recently, venture capital firm Galaxy Interactive raised US$325 million to focus on gaming startups and interactive technology. The spark of interest hasn’t just been for investors, but also the general public. As the year moved on there was a noticeable increase in web searches for the terms “metaverse” and “play-to-earn”.
Online mentions of metaverse, play-to-earn and NFT. Source Meltwater
The Issue with NFT Games
According to those working in the industry, many of the current challenges faced in the industry are caused by:
regulatory uncertainty;
the need for user education;
technology limitations;
poor user experience; and
gameplay quality (or lack of).
The majority of respondents (52 per cent) stated that regulatory uncertainty was their biggest concern and the industry’s most significant challenge, since in-game assets – if not structured properly – can be treated as securities under some laws and could cause unwanted complications.
Blockchain, cryptos and smart contracts are changing the world as we know it, and now have moved into the world of esports, particularly online betting. A recent example is cryptocurrency wallet Exodus integrating with SportX, an online sports and cryptos betting platform, to allow its users to wager on esports games on the Polygon network.
The ultimate sports and esports betting app is live in Exodus.
Bet on UFC, soccer, esports, and more directly from your wallet (where available). https://t.co/0uxhXRaKeN
Exodus is a wallet that helps individuals control their wealth independent of old banking models and free from institutional control. Integration with SportX gives its users the ability to wager on esports games via smart contracts executed on the Polygon network.
The newly announced partnership gives Exodus’s one million-plus users access to SportX’s decentralised betting exchange, where users can wager on a wide array of sports and esports games using cryptos. The minimum bet allowed is US$5, denominated in USD Coin (USDC), which can be directly sent to the Exodus wallet or exchanged from any of the 138 cryptos it supports.
As it stands, SportX is authorised for use in South America, Canada, most European countries excluding France and the Netherlands, and throughout most of Asia.
SportX Also Allows Betting on Crypto Prices
SportX allows users to bet on the outcomes of their favourite sports, esports and also on crypto prices, bringing cryptocurrencies and betting together with the use of smart contract protocols. This capability ensures users’ funds are protected and payouts are guaranteed on time using the Polygon network. The platform also gives players the option to bet on future price fluctuations of major cryptos such as Bitcoin and Ethereum.
THETA Blockchain Projects present decentralised ecosystems that serve to improve the streaming quality and delivery of video content. As open source crypto technologies evolve through THETA labs, developers can offer more features to video platforms, viewers, and streamers.
When a person streams a video, they are accessing this content without needing to download it, whether this is watching a movie, listening to audio, or – popularly – watching gamers stream their gameplay. Currently, due to the way streaming operates, there are several issues with the streaming quality and latency of video and audio.
THETA projects seek to set up a peer-to-peer network that permits users to connect their unused bandwidth and resources to the system. Not only does this improve the quality of the content, but it can also reduce costs. A handful of these projects are worth investigating if you have any interest in streaming.
Here is our list of the top 10 exciting THETA blockchain projects we suggest you investigate:
StreamVerse believes that the current streaming platforms lack realism and interactivity. Therefore, this project seeks to “capture the attention of Gen Z while also maintaining the ease of usage”. StreamVerse is working to allow its users to access realistic spaces and emotions through the incorporation of NFTs.
Any moment of the stream can be converted to an NFT that lives on forever. Moreover, StreamVerse helps streamers maintain eye contact, have more than one group within a single room, talk with fans, and host charity events. StreamVerse is currently looking for ways to make its project more scalable for future relevance.
TKETS presents a unique use for NFTs and blockchain technology that combats the issues with e-tickets. The age of paper tickets is coming to an end, as e-tickets become harder to misplace and easier to deliver. However, most of these e-tickets use a typical barcode or QR code, which is static and easy to replicate. It is also impossible to ensure these tickets haven’t been duplicated.
TKETS aims to bring more functionality to NFTs. All you’ll need is a MetaMask wallet and your ticket can be minted directly to you. Your ticket will be uniquely yours and its information gets listed on the blockchain. The TKETS platform allows for direct payment but is not centralised, meaning the ticket itself can only be accessed by the holder.
Scrubr is an application for the sharing of short video content, designed for creators and viewers to contribute and watch. If your video is well-received there is potential for creators to earn $SET (Scrubr Engagement Token). Views and likes on owned videos generate tokens that can be used to purchase merch or other videos from the site (NFTs). $SET has governance and utility power.
Essentially Scrubr is combining NFTs with YouTube. Using blockchain technology, the minting, buying and selling of these videos are tracked to ensure proper ownership. Soon, Scrubr is looking to introduce a mobile app, along with VR integration and direct messaging features.
Seeking to make it possible for anyone to mint, launch and trade NFTs, OpenTheta presents an easy-to-use marketplace. Running as a smart contract on the THETA blockchain, OpenTheta allows users to easily search for, upload, and filter through the site’s NFTs.
The marketplace is very creator-friendly, working to help with all technical aspects of a launch. OpenTheta is still in its early days; as the site expands the creators are looking to implement auction-style trades, along with methods to continuously update the prices of the available NFTs.
If you are seeking THETA blockchain projects that are heavily situated around working with not-for-profits, HarkTV could be a good place to start. HarkTV recognised the potential for a political streaming service, broadcasting rallies and smaller political gatherings to viewers. Non-profits play a big role in HarkTV’s adherence to individual regulations across the 50 US states.
The $HARK token is required to get involved with this project. Actions on the website can generate these tokens, which can be used to vote in elections that decide the not-for-profit that will receive a lump sum. HarkTV is for streaming of all sorts, not just of the political kind.
Originating from a love of trading cards, Minty NFT provides an app where users can mint their own trading-card NFTs. Built on the blockchain, Minty NFT allows for the opportunity to create customisable 3D cards, something not often seen in the NFT landscape.
Built for Android, Minty NFT is easily accessible via a downloadable app. The future brings the potential for more canvas sizes to mint onto. However, the app is intended for 3D trading cards and does not look to move past this.
Blockchain eSports is looking to bring Roku games into the digital era. Roku itself is a box that allows you to stream to your TV. Blockchain eSports for Roku is bringing Theta.TV to viewers, Theta.TV being the first streaming service to be published to the THETA blockchain.
The app is now available for download; however, the future of Blockchain eSports involves improving the app to provide user login, so that users can eventually personalise features and engage with TFuel (the token for the THETA network).
As previously mentioned, THETA TV was the first blockchain project to go online within the THETA network. Branding itself as the “next-generation esports platform”, THETA TV brings 24/7 live streaming. With a lot of the big streamer names from platforms such as Discord, viewers can earn $TFUEL through watching and interacting with these streams, and streamers can earn theta coins through guardian nodes.
Users of the platform also get access to fun perks such as the ability to open themed crates and to win a variety of gaming gear. THETA TV is very much made for and designed by gamers.
THETA Drop classes itself as a next-generation NFT marketplace. Launching with the World Poker Tour, THETA Drop incorporates streaming into NFT auctions to increase creator-fan engagement.
Powered by the THETA network, this project is utilising blockchain technology specifically for media and entertainment. Using TFuel, like many other THETA projects, allows transactions to be environmentally friendly. THETA Drop transactions are also supposedly cheaper and faster than Ethereum transactions.
Dedpool – enhance your betting with AI technology.
If you are a League of Legends fan, this is a project worth investigating. Combine LoL with gambling and you have the project Dedpool. With esports betting being a complex matter, Dedpool is making its betting easier and more specific. This allows for new ways to interact with the streaming ecosystem.
Like many other projects, watching streams allows viewers to generate TFuel – which you can then use to bet. Dedpool is currently utilising AI technology to read the game in real-time, meaning the onus is not on the streamer to manage the viewer’s experience.
Conclusion
Much like the various metaverse projects in circulation, THETA blockchain projects are adding new dimensions to the utilisation of cryptocurrency and gaming industry engagement. All THETA projects are situated around the idea of the THETA token, with the blockchain merely providing the right environment for this technology to grow.
As the aim of these projects is to prevent viewers from paying for low-quality streaming services, the projects within this list are finding ways to fix this and apply their own unique spin. This often features the inclusion of NFTs. THETA itself is looking at future partnerships with existing streaming companies, such as Twitch. However, if you are sick of the mainstream and are looking to support other aspects of this growing industry, these listed innovative projects could be worth your time.
Don’t stop with this list, either. If you are looking for other projects in the same vein, it’s worth investigating the THETA Hackathon. With the most recent Hackathon having over 700 participants, a plethora of opportunities await the future of THETA technology.
As the NFT boom continues, Formula One (F1) has cemented itself in the race to the blockchain as it launched its own non-fungible token (NFT) fantasy game, “DeltaTime”. F1 DeltaTime is built atop Ethereum and is based around the collection and trading of unique Formula One cars, drivers and components.
Get Your REVVs Up
The latest news from the F1 DeltaTime world is that it has now also introduced NFT staking. Consisting of two main play experiences, Collection and Competitive Racing Games, FI DeltaTime – with its native token REVV – utilises the Ethereum blockchain and runs off the ERC-20 standard. NFTs are available for purchase on OpenSea for relatively reasonable prices.
However, NFTs of some of the more famous characters in the racing world such as leading F1 driver Lewis Hamilton will run to about 8.99 ETH (approximately US$36,400). NFTs can also be purchased using the REVV token.
Lewis Hamilton NFT available for a cool US$36,400. Source: OpenSea
The Collectibles Game centres on trading rare virtual items including Cars, Drivers, Components and Trinkets, which adds gamification to the collection of NFTs, adding layers such as achievements and leaderboards.
Race Your Own NFT Car
Like traditional racing games, the “Racing Game” allows players to take their collectibles – cars, drivers trinkets and components – and manage them into a race-ready Grand Prix entrant. The game is presented to the player or the owner of the NFT as a 2.5D perspective overlooking a selected track and allowing players in command of their racing vehicle to control the car’s acceleration and braking.
For a handy tutorial on how to start racing, watch this YouTube video:
Stake Your Car for Rewards
Ending the year on a high note, F1 DeltaTime has announced a new pool of 1.5 million REVV available to be earned by players via staking. The game has also announced the SHRD token, a new P2E (play-to-earn) token now earnable in F1 Delta Time. Staking takes place for 28 days from December 9.
Staking in this instance refers to owners sending their car NFTs to a staking smart contract for a given period, where they will passively earn REVV from the token pool. While in staking, the NFT cannot be used in any of the gameplay modes.
Once staked, the NFTs cannot be unstaked or restaked for a 24-hour cooling off period. Earning is determined based on every 24-hour period a car remains staked. Owners can claim their staking rewards after the entire staking period has ended.
Get ready to Stake!🔥 Staking goes live tomorrow on: ➡️➡️➡️9th December at 8am UTC! ⬅️⬅️⬅️
There are no signs of a slowdown as the world of NFTs continues to throw up innovative and interesting projects, among which fantasy NFTs games remain one of the most popular.
Amid the rise of blockchain-based fantasy NFT games and fantasy football games, Sorare has been one of the biggest on the front, raising US$680 million in a historic Series B funding round in an effort to expand its game.
To learn more about the most interesting NFT projects set to launch, from P2E to metaverse, Crypto News Australia has published a helpful guide.
A hacker who exploited Polygon gaming platform and NFT marketplace Vulcan Forged was able to steal a total of over 4.5 million of the $PYR native token, valued at US$140 million at the time of the December 14 attack. A total of 96 users’ wallets were accessed by the hacker via private keys.
‘Darkest Day in our History’
CEO Jamie Thomson described the situation as “the darkest day in the Vulcan Forged history” in this video posted on the company’s Twitter account:
The hacker was able to attack the Vulcan Forged servers, gaining access to the vending credentials of the semi-custodial wallets and then extracting the private keys of the game’s users. To prevent any repeat of the exploit, Thomson says the platform will in future be using nothing other than decentralised wallets “so we never have to encounter this problem again”.
Full Refunds and a Heartfelt Apology
Refunds have been made to every wallet that had the game’s native $PYR tokens stolen, and Vulcan Forged will also be reimbursing the loss of any Matic and Eth tokens stolen from users. Ending with a sincere apology to the community, Thomson said:“obviously sorry doesn’t cut it, but we are sorry”.
It has been a disappointing outcome for the Vulcan Forged team, not to mention players and investors. $PYR dropped in value by over 30 percent in the 24 hours post the hack.
In a similar incident last month, the bZx DeFi protocol had funds drained from its Binance Smart Chain (BSC) and Polygon contracts after one of the developers had his private key stolen in a phishing attack.
With a total prize pool of US$500,000 and over 700 participants, the latest Theta Hackathon has crowned winners first to third in four different categories.
Out of all the placing teams that took part in the hackathon, here are Crypto News Australia‘s five favourites:
StreamVerse
Streamverse is the lovechild of streaming and metaverse concepts and is a place where streamers go to “monetise their streams and moments without any third-party arbitration providing player interaction as [a] base layer”. Users will be able to move around in a 3D virtual environment with friends and other fans to watch their chosen streamers.
Streamverse’s 3D virtual environment.
The team set its sights on building a platform that was realistic and where fans could interact more closely with their favourite streamers. Moments you never want to forget can be captured and converted to an NFT without relying on a centralised entity. The project also has efficient applications for charity and esports use cases.
TKETS
TKETS is a decentralised ticketing platform that aims to solve the security problems that plague the industry. The platform is fully permissionless, meaning anyone who has a Metamask wallet can interact with the platform and create an event directly.
The TKETS dashboard.
For event organisers, each ticket is minted as a separate smart contract that only they own, and every ticket purchase locks the funds directly into the contract. This means that after the event ends, event organisers can withdraw their funds immediately and directly with no need for any other approval. And on the other side of the coin, if an event fails to happen, payments are redistributed to the buyers.
SCUBR
Scubr is a short video content-sharing application. The goal is to introduce people to the blockchain space without scaring them off with the complexity that comes with it. Users can post videos of their own and watch videos of other creators. Based on the views and likes received on their owned videos, users earn SET (SCUBR Engagement Token). Using this token, they can purchase merch from other users or even trade NFTs.
SCUBD video-sharing platform.
By minting NFTs from their videos, users can sell them on the marketplace and buy other people’s videos as well. When the project is fully realised, people could hopefully even buy videos from celebrities or influencers. Once a user purchases an NFT through the marketplace, the video is transferred from the seller’s profile to the buyer’s profile, and any subsequent views of the video are credited to the buyer.
OpenTheta
ThetaDrop is run by Theta Labs and is its third-party marketplace where only selected artists, influencers and creators are able to launch NFTs. OpenTheta is the first independent and public NFT marketplace on the Theta blockchain that will allow any user to create, launch, and trade NFTs.
OpenTheta homepage.
The marketplace has a launchpad to support creators launching their new NFTs. Buyers can also check the sales history of an NFT, which gives them an understanding of overall supply and demand.
The Bug Adventure Show
The Bug Adventure Show is an adventure game where competitors play for NFT prizes, tokens and achievements. Competitors will need to solve puzzles and riddles set out by the team, and only one player can play the game at a time while their actions are live-streamed for all to see.
The Bug Adventure Show in-game footage.
The point and click game will be broadcast through Edgecast and each player will have five minutes to solve a puzzle with all the data being saved on the blockchain. The next player carries on where the previous one left off, and the game will continue until there are no more players in the queue.
Ubisoft has received a massive backlash from the gaming community after announcing plans to add non-fungible tokens (NFTs) to its platform with the release of the latest title in the Ghost Recon series. The announcement has since been quietly withdrawn.
Ubisoft has announced the release of a new NFT offering called Digits. These in-game items will commence with the launch of the new Ghost Recon: Breakpoint and are marketed as digital collectibles that are completely cosmetic. The NFTs will be released in limited editions featuring an engraved serial number on the item that also serves as its cryptographic ID. The integration marks the first time a mainstream video game has added NFTs to its in-game economy.
Ubisoft Quartz an NFT Platform
The gaming industry has played with the idea for some time now and has met with many mixed opinions. EA has called NFTs “the future of our industry”, while Xbox boss Phil Spencer is worried they might be “exploitative”. Steam, the world’s biggest gaming platform, has completely banned NFTs and blockchain games.
The Digits come with a new wallet called Quartz, a platform where players can buy and sell in-game NFTs even on third-party markets. The platform will run on the Tezos blockchain, an energy-efficient Layer 1 solution, as part of its carbon-friendly campaign. Ubisoft’s partnership with Tezos to run a validator node also makes much more sense now after the launch of Quartz and the coming AAA-NFT titles.
Ubisoft's second Ghost Recon NFT can now be claimed by people who've played the game on PC for 600+ hours.
Presumably the 600+ will jack up the price at which people who claim them will be willing to sell
Ubisoft has stated it will take a cut of NFT sales “in some cases”, making the gaming community feel it’s another moneymaking ploy. It seems that Ubisoft wants to take the micro-transaction era of Fortnite a step further by blending this tried and tested strategy with NFT technology and using it for its platform. After Ubisoft released its NFT trailer on December 7, it gained so much pushback that the company removed it, drawing a 96 percent disapproval rating.
Gaming Community Up in Arms
Blockchain technology has exploded in the past few years with all sorts of applications in different fields. Recently NFTs have infiltrated the gaming industry in a big way and the wider community is not happy about it. Many players and designers believe they are only added as a way to make money, rather than providing players with any benefit or enhanced gaming experience.
Will players be able to transfer in-game items to the next generation of their game, or if the servers go offline will they lose all their accumulated value? And why would someone buy an in-game NFT on a third-party market if they could never use it outside the game?
Why are Ubisoft's NFTs better for your gaming experience? Well, they say it right here.
– Item has number on it – Number belongs to you – Until you sell it to someone else
The consensus seems to be that gamers are upset that their hobbies could be moving towards crypto-based moneymaking machines rather than the fun and true experience of enjoying a game.
Metaverse NFT projects have been in development behind the scenes prior to the metaverse becoming a buzz term after Facebook’s recent announcement. But what exactly is the metaverse? and which games are worth checking out?
The idea of the metaverse is that of a virtual and immersive online only world. If you’ve ever seen the movie Ready, Player One, you might have an idea of how a metaverse could look. Within these worlds, an avatar represents you and you are free to interact with other people and places (occasionally replicated from real life).
This mass multiplayer format (MMO) often seeks to develop its own governance and economy. This is where in-game tokens and NFT assets can represent some kind of value through uniqueness and scarcity.
Typically, there are four main components of metaverses and their NFTs are
Transparency: Anyone can check the blockchain to find more information about the NFTs and their transactions.
Decentralisation: There is no central entity controlling the metaverse. It should be an equitable experience for all.
Real-life value: Any tokens you encounter within the metaverse should be tradeable on external markets.
User governance: The players should have a say in changes implemented within the metaverse, via a vote.
Some metaverses can be explored for free, and you can acquire the NFTs or in-game tokens from airdrops and giveaways, then participate in play-to-earn aspects. However, most require you to purchase digital assets from NFT marketplaces using your DeFi crypto wallet such as MetaMask.
This article will highlight what we believe to be the current top 10 metaverse NFT projects available. Here, we will address what comprises each project, how it is unique, and where NFTs fit into the game.
Decentraland is the metaverse NFT project that allows its players to truly immerse themselves in the game. Compatible with online browsers and VR technology, Decentraland leverages the Ethereum blockchain to monitor the buying and selling of virtual real estate, known as land. How you use your land is entirely up to you; your possibilities are near endless. However, the goal of Decentraland is to create a collaborative user network through peer-to-peer communication.
The concept of buying land is not unique to Decentraland, yet $MANA is. $MANA is a cryptocurrency specific to the game. Land and artwork, which take the form of NFTs within Decentraland, can only be bought with this currency.
Axie Infinity – battle with your new little friends.
Developed by a Vietnamese studio, Axie Infinity brings Pokémon-style characters to an NFT-based metaverse. If you’ve been seeking cute, blob-style pets that you can use to battle against other players, Axie Infinity may be the game for you. Operating on the Ethereum blockchain, the game revolves around breeding, raising, and battling your Axies.
Both the land and the Axies you purchase are NFTs sold via the in-game marketplace. Most of the transactions within the game take place on Ronin – a tailored sidechain offering lower fees than you’d ordinarily find on the main blockchain. The game design itself is simplistic, colourful, and attractive to the eye.
The Sandbox combines the blocky terrain of Minecraft with the metaverse concept to provide players with a play-to-earn universe. The Sandbox only launched last month after four years of development. It allows players to earn its currency ($SAND) by completing game quests or through the sale of their digital assets.
NFTs can be found within gameplay in the form of land. Once you purchase a piece of land, you have the option to begin creating your own minigames that you can publish, charging token fees to play. Beyond creating your own games, a key aspect of The Sandbox is allowing its players a say in the metaverse governance.
If you’re a Destiny fan or like to explore the latest RPGs (Role Play Games) in your free time, Star Atlas is offering its own metaverse NFT take on these concepts. Star Atlas presents an MMORPG (mass multiplayer online role-playing game) that gives you the power to create a character and a spaceship and explore outer space in an open-world game style. Star Atlas’s unique appeal comes from the opportunity for players to buy in and partly own the game.
$ATLAS and $POLIS are the two in-game currencies. While Star Atlas is play-to-earn, you can purchase NFT-style game features across the in-game market and contribute to a robust virtual economy.
CryptoVoxels is another play-to-earn, Minecraft-style metaverse. Developed by a New Zealand company and listed on the Ethereum blockchain, CryptoVoxels is one of the less creatively impressive metaverse on this list. However, what it lacks in aesthetics it makes up for in versatility and gameplay, being categorised as a game of financial strategy.
Ethereum is the sole payment method within this metaverse. You can use it to purchase collectibles or collections, and land. CryptoVoxels is versatile in supporting platforms, which include the options to play online, on Android, or on VR.
Bloktopia is a fluorescent sci-fi VR metaverse with many real-life connections. The game itself is played within a 21-storey skyscraper called ‘Bloktopia’, where ‘Bloktopians’ have the option to earn tokens ($BLOK) through advertising revenue, network building, real estate, and more.
The real-life links within the game can be found in advertisements from companies such as Polygon, Animoca Brands, and Jake Paul, visible on billboards within the game’s trailer. The game is heavily designed around incorporating NFTs and profiting from your endeavours. However, the gameplay seems well-designed and might be quite immersive in VR.
Starl – become a landlord, customise yourself, explore.
The Starl metaverse functions similarly to other projects on this list. You can buy land within the game to use as you please. With your virtual real estate, you have the option to rent it out to other players, which seems to be unique to the Starl metaverse. Beyond this, you can interact with real people, customise your avatar, explore and gamble.
$STARL is the token used within this metaverse, tradeable for other cryptocurrencies or for fiat money. The opportunities for your in-game tokens spring from an interconnected economy within the metaverse’s ecosystem.
Somnium Space – where the Sims meets VR technology.
Somnium Space presents a metaverse that feels like the Sims. It is an open-world, virtual society that you can interact with via PC or mobile; however, to get the full experience and really jump into the game, you may want to connect it to a VR headset.
Somnium Space tracks your purchases (via $CUBE) on a blockchain, allows you to monetise your experience, own virtual real estate, and live ‘forever’. In recent exciting news, there may be potential in the future to see Somnium space partner with TESLASUIT for a boosted VR experience.
Nakamoto Games considers itself the play-to-earn revolution. Evident in its mission, Nakamoto seeks to give every person the opportunity to earn crypto and generate a sustainable income. $NAKA, the metaverse’s token, is necessary to access the ecosystem. Naka tokens can be entered into a weekly prize pool and players who rank highest on the leaderboard can win a share from this pool.
Anyone with a crypto wallet can enter this metaverse to play. However, if you consider yourself more of a developer, you can create and monetise games within the metaverse that can generate you a return. If you aren’t that tech-savvy, it’s worth noting that anyone with Naka tokens can contribute to the metaverse governance instead.
You can ‘be your own hero’ in Metahero’s which boasts Ultra-HD photogrammetric scanning technology to bring yourself and real-life places into the game. Within this metaverse, you are likely to encounter gaming, fashion, medicine, NFTs, social media, and VR/AR capabilities.
The $HERO token is the sole currency belonging to this digital ecosystem. Metahero is paired with Wolf Digital World (WDW), and together they define their partnership as two separate companies with one life-changing mission. This metaverse aims to allow its players to do anything in the digital world that they can do in the real world. You also get the ability to create NFTs that you can use to auction, trade, or sell as you see fit. However, it may be exciting enough just to copy yourself into a video game.
Conclusions
Whether it’s buying and selling virtual real estate, creating and monetising your own minigames, or playing to earn, metaverses provide many crypto-related opportunities.
The creation of NFTs, known as “minting” allows players to truly own any digital assets that they purchase within the game. Then, thanks to blockchain technology, these purchases and trades can be traced to verify their true ownership.
Metaverse projects are designed to create safe spaces for play and for financial transactions. With these various metaverses offering platform compatibility via smartphones, VR headsets, and computers, what these digital worlds can offer is extensive. It is likely that the future will only bring more versatility to this industry.
If you consider yourself to be a gamer or a crypto lover, it may be worth keeping up to date with this technology as it evolves.
MetaGods is the world’s first 8-bit play-to-earn experience, in the form of a multiplayer online role-playing game (MMORPG) built on Binance Smart Chain (BSC). It’s come out of the gates with some fanfare, given that it is backed by some big names including YouTube celebrity Mr Beast, and top YouTube crypto channel, Boxmining.
MetaGods players are in effect mythological demigods trying to gain ascension through battle in either Atlantis (casual) mode or Zion, the hardcore mode where you have only one chance to play for legendary loot. Your character, equipment and loot are stored as non-fungible tokens (NFTs) and can be sold or bought on the digital marketplace, giving players the chance to monetise their time in the game.
You can play as a Tank, DPS, or Healer against hordes of enemies and earn some loot. Playing with friends is encouraged with the push to Social GameFi, where gamers are rewarded: “With the holy trinity of MMO, you have a better chance to win against the pantheon to earn those sweet, sweet APY rewards,” according to the roadmap.
MetaGods can be played in either Atlantis (casual) or Zion (hardcore) modes.
Dual Token System Applies
The game incorporates a dual token system:
$MGOD is used for adventure packs, to enter raids, and in the marketplace; and
$RELIC is used in-game to forge new weapons, armour, or anything available in the crafting section.
In short, $MGOD is used as the governance token of the project and can be used to enter special events while $RELIC is an earnable in-game currency that supports the play-to-earn structure of MetaGods.
Mint Your Own NFTs
The game allows you to mint your own NFTs so that you can “fight your way through epic dungeons and earn loot”. With each character as a generative NFT, there are many roles that you can play to support your team whether you are a healer, a DPS or a tank.
Within that realm, NFTs are not just your avatar, but are your in-game character. Each character NFT will in turn have randomly generated character stats, as well as equipment including weaponry and armour.
NFT characters will have randomly generated equipment.
Battle the Gods for APY
To keep the game interesting there will be weekly special events with boss challenges, where a high APY incentive is provided for the community to band together and fight against the gods. There will also be tournaments and airdrops on special occasions for players who stick for the long run.
The official game release is set for Q1 of 2022, according to the roadmap, and with the game currently on BSC there are plans to integrate Solana as soon as possible with the other chains to follow. The project has raised US$3 million in funding from its supporting investors to build up the game, economy, and community.
MetaGods roadmap
Many new GameFi projects rely on their community and participation to make everything work. Recent project Genopets, for example, which uses players’ fitness data for the game, raised US$8.3 million in seed funding.
How to Get Involved
MetaGods announced the NFT sale via Twitter, which at the time of publication, kicks off in 10 hours.
It's official! The #MetaGods are coming in the form of #NFTs starting December 8, 2021 ⚡️
The HIGHER TIER, the HIGHER #GODILITY, the STRONGER character, the HIGHER APY😏
Users keen to get involved should visit MetaGod’s NFT raffle sale page, which provides step-by-step instructions on how to participate. For other gameplay information, be sure to check out the MetaGods pitchdeck which, among other things, also covers information about the team, the roadmap and relevant tokenomics.
Humans of the Metaverse, a new and unique collection of Meta-Human NFTs, is launching in-game virtual NFT art auctions. In Q1 of 2022, users will be able to access one-for-one artwork NFTs, all using the project’s native token, $HOTM.
Humans of the Metaverse (HOTM token) has exciting prospects amid the metaverse boom. The project comprises a collective of 6,500 unique Meta-Human NFTs, stored as ERC-721 tokens on the Ethereum blockchain and hosted on the InterPlanetary File System (IPFS), which is essentially a distributed system for storing and accessing files, websites, applications and data.
Residents of the Metaverse are represented by a unique composition from 200 traits collected from the most notable and influential personalities, taken from all temporal spaces. The project is on the road to creating the “MetaCity” – a fully integrated Web3 ecosystem where HOTM token holders will reside and be able to spend the project’s native token, $HOTM, in an increasing number of ways, giving long-term value and utility to holders as the city grows.
Holders of Humans NFTs will be able to perform various activities and “interact” with a range of buildings within the HOTM ecosystem via the $HOTM token.
Humans of the Metaverse Roadmap
Within the MetaCity, Humans will be able to generate tokens via ‘jobs’ – another trait conferred on the NFTs. Each job determines the specific NFT’s $HOTM generation rate, and ‘salaries’ will range between 10-30 $HOTM/day. Along with token generation, holders will be able to invest in real estate by buying land and city essentials, along with buildings, each of which is upgradeable to allow evolution and expansion.
Within the metaverse will be a museum where Human NFT holders will be able to spend $HOTM on 1/1 artworks, personalised Humans tailored to their holders’ likeness, along with NFTs from other projects. The project, however, wants to make it clear that 1 $HOTM = 1 $HOTM, which means these tokens do not have a monetary value.
Initial Humans NFTs Sold Out But More Available on Secondary Market
According to the HOTM website, the initial set of Humans NFTs sold out within 15 minutes on the OpenSea marketplace, and over 100 ether (ETH) was traded in the first hours of the sale. Do not fear, however – Humans NFTs are available for purchase on the secondary market to all those who missed out during the initial sale.
🚀 Sold out in 15 mins! ⚡️ Over 100 ETH traded in the first hours!
The term “metaverse” is relatively new to the world of cryptos, but that has not stopped the concept booming. Exhilarating projects are on the rise and it is fast becoming the next big investment theme, according to financial powerhouse Morgan Stanley.
Last month, the global banking giant issued a statement to its investors in which it notes the metaverse is garnering much attention, with both Meta (formerly Facebook) and Microsoft venturing into the space. Accordingly, Morgan Stanley said, “it can fundamentally change the medium through which we socialise with others”.
