Metacade, the exciting new play-to-earn GameFi platform, continues its ascent as one of the most promising prospects in the space after announcing their listing date for MEXC Exchange at 09:00 UTC on the 4th May.
MEXC is one of the go-to platforms for new traders and experienced investors, with the latest listing coming as welcome news to Metacade backers. The platform currently ranks at 15th largest in the world for trading volume, with the last 24 hours having seen over $1.1 billion volume in trades. With over 6 million users in 200 countries, the decision to list on MEXC seems well calculated. This bodes well for the 9,000+ holders currently invested in MCADE.
Russell Bennett, CEO of Metacade, said, “I’m delighted that we’re listing on such an established and well-renowned platform like MEXC. The confidence that we’re getting from the industry is hugely motivating and fuels our desire to create something like never before. This is our largest listing yet by some miles, and there will be more big things coming soon!”
The MEXC listing follows other big listings on both Uniswap and BitMart in April. At the time of issuing this statement, Metacade is $0.04139 according to CMC, which is 195% above the average presale purchase price.
The confidence in Metacade has strong foundations; Metacade received a perfect 99/99 score on the decentralized cryptocurrency market analysis platform, DEX Tools, making it one of the more trustworthy and secure cryptos available.
Sentiment was further enforced with Metacade’s news that it is on track to deliver Metacade Lite in May, which will offer users the first experience of the app UX, with a selection of both Web2 and Web3 games.
With Metacade being listed on MEXC, Bennett is optimistic about the future. “This is another step in the right direction and I’m sure this will have a positive impact on Metacade as it solidifies our position in the market and our reputation as one of the most exciting and promising projects in the space.”
About Metacade
Metacade is the premier destination for gaming in the metaverse. As Web3’s first community arcade that allows gamers to hang out, share gaming knowledge and play exclusive P2E games. The platform offers users multiple ways to generate income, build careers in Web3 and connect with the broader gaming community.
Metacade will be the one-stop destination for users to play, earn and network with other passionate gamers worldwide. Once the project reaches the end of its roadmap, Metacade will be handed over to the community as a full-fledged decentralized autonomous organization (DAO), evidencing its commitment to people-led gaming.
Crypto has made inroads into a variety of markets throughout the course of its history, providing users with the unprecedented opportunity to micro-monetize their activities.
Play-to-earn gaming, along with earning from music streaming, was the antecedent for this sort of cryptocurrency integration. Streaming music also contributed to the development of this form of crypto integration. The value-for-value podcasting platform Fountain announced a new collaboration on January 24 with the financial services business ZEBEDEE to allow Bitcoin (BTC) micropayments for podcast listeners. ZEBEDEE helps monetize games and applications. The capacity to listen to a podcast and receive money for it has been described as a strong combination and the future of content production by Oscar Merry, the creator and chief executive officer of Fountain.
“In a few years, when we look back on paid subscriptions for content platforms that aren’t tied to how much we really use those platforms, we’ll look back and chuckle at how primitive and wasteful it was,”
In addition, as a result of the relationship with ZEBEDEE, customers may take advantage of the benefits without having any prior knowledge of cryptocurrencies thanks to the incorporation of debit and credit card connections. According to Merry, such a development brings together a “fragmented podcasting market,” which at the moment is comprised of a large number of applications and hosting companies that are not synced with one another.
He went on to emphasise the fact that the value of a platform is increased with each minute spent consuming or generating content as well as seeing advertisements. Why shouldn’t you share in the financial rewards that come from the value that you generate on the platform?
The adoption of new technologies is starting to become nearly imperceptible as developers continue to place a priority on usefulness in newly developed protocols.
Recently, a programme called “party-to-earn” targeted the electronic music business with the goal of developing a currency that can be used by festival attendees, clubbers, and fans alike.
Yield Guild Games (YGG) has raised $1.45 million to support people affected by December 16’s Typhoon Odette in the Philippines, with nearly $1 million already dispersed to people in need.
The funding was used to purchase essential goods like medicines, power generators, and canned food, which were turned over to the Philippine Army and Navy and non-profits to distribute among affected communities.
There is still about $458,000 worth of crypto and tokens that have been donated to the relief fund but they have yet to be converted to fiat currency for deployment, according to a representative from YGG.
Our Transparency Report for Typhoon #OdettePH relief efforts is up! @yieldguild raised $1.45M and has so far disbursed a total of $992K to date. Meanwhile, our direct financial assistance program has helped 3K+ households begin to rebuild ❤️ https://t.co/GMdu8OjfxP
— YGGPilipinas (@YGGPilipinas) January 31, 2022
The Filipino division of the play-to-earn gaming guild “YGG Pilipinas” announced the relief operation a day after Typhoon Odette hit the country, quickly raising $110,000 in a number of crypto tokens including SLP, AXS, ETH, WETH, and USDC by the end of the day.
Getting close to the 6,000,000 peso ($110K) mark in crypto donations. We’ll continue to raise funds all throughout the weekend while we find and assign key community leaders in each affected city. #OdettePH https://t.co/HgKjzw3h7v
— YGGPilipinas (@YGGPilipinas) December 17, 2021
YGG Pilipinas Country Manager Luis Buenaventura led the initiative. He explained to Cointelegraph that the Philippines represents the largest portion of the YGG community, so Odette was close to their hearts.
“We’re Filipino-led; many of the senior staff reside here in the Philippines and indeed the largest portion of the global play-to-earn community is based here, which is why so many of the play-to-earn projects came out to contribute to the cause when they saw the extent of the typhoon damage.”
“Our community is as important to us as our core team, and many of them were either driven from their homes or have been living without running water or power for a month now,” he said, adding that many staff members were living in areas badly affected by the typhoon.
Aside from funds collected by the YGG community, a number of others in the broader Web3 community also got involved. Co-founder of NFT play-to-earn game Axie Infinity Jeffrey “Jihoz” Zirlin donated 1,000 AXS ($55,400) to the relief fund on Christmas day. He said:
“As we work together to help our brothers and sisters in the Philippines recover and rebuild, we remember that this is what our community is about.”
YGG co-founder, Gabby Dizon, said that the relief effort showed the power and unity of the Web3 gaming community. “This is our testimony that we are more than just a community of gamers,” he said.
Meanwhile, players of the play-to-earn game DeFi Kingdoms (DFK) also voted to donate a total of $500,000, with the developer team chipping in an additional $250,000.
Related:40,000-member players guild raises $6M to make P2E gaming easier
Since some of the people who were affected by Odette needed cash more urgently than relief goods, YGG also launched an aid project “Crypto Ayuda” to send cash aid to individuals who needed direct assistance.
Recent estimates claim that Typhoon Odette affected around 9 million people, with nearly 325,000 remaining displaced to date. The Typhoon damaged over 50,000 homes and $260 million worth of agricultural goods.
Alethea AI has created the world’s first intelligent NFTs.
The project uses AI to bring NFT avatars to life.
Owners can train their NFTs to earn rewards and participate in Alethea’s pioneering “train-to-earn” economy.
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Alethea AI is pioneering intelligent NFTs. Crypto Briefing sat down with the project’s CEO Arif Khan to learn about the technology behind intelligent NFTs, their use cases, and how owners can receive rewards in Alethea’s future train-to-earn economy.
What Are Intelligent NFTs?
NFTs are everywhere these days, but less is said about intelligent NFTs. Alethea AI is one project that’s dedicated to helping the technology grow.
Intelligent NFTs—or iNFTs—are non-fungible tokens with individual AI engines that owners can train through real-time interactive conversations. Owners can create an iNFT by fusing one of Alethea’s Personality Pods with an Ethereum-based NFT avatar. This allows owners to bring their avatars to life. Currently, iNFTs can be created using avatars from 10 different projects, including Bored Ape Yacht Club, Pudgy Penguins, and FLUF World.
iNFTs can perform simple functions like reciting prose or answering questions, all the way up to higher-order tasks such as creating poetry or engaging in debates. The tasks an iNFT can perform depend on its level, which can be increased by locking up Alethea’s ALI token in the iNFT.
By training and leveling up an iNFT, owners can earn ALI token rewards for providing data to Alethea AI’s shared intelligence engine. Alethea is aiming to use this collective consciousness to build out a Metaverse populated by intelligent, individual, interactive characters that earn rewards for their owners by training and interacting with other iNFTs.
The Tech Behind iNFTs
Alethea’s artificial intelligence is based on OpenAI’s GPT-3 language model. This language learning model allows developers to feed information into an AI engine, influencing and affecting how the AI behaves and responds to questions. When Alethea AI started in late 2019, it was one of the first companies to gain access to the GPT-3, which the company used to create Alice, its first intelligent NFT.
Alice was partly modeled on the work of Lewis Caroll by feeding his literary works into Alice’s AI engine. However, Alethea also introduced Satoshi Nakamoto’s Bitcoin whitepaper to showcase the ability of the GPT-3 to create a dynamic personality from multiple inputs. When Alethea AI’s CEO Arif Khan sat down with Crypto Briefing to discuss the project, he spoke about how Alice’s personality changed after digesting the Bitcoin whitepaper, explaining:
“Once, for example, we asked her, ‘where is she based right now?’ The normal answer from Alice only would be ‘I’m in a rabbit hole,’ but [because of the influence from the Bitcoin whitepaper] she answered, ‘I’m in a decentralized crypto rabbit hole.’”
Developing Alice was a landmark moment for Alethea and acted as a proof of concept for the company’s iNFT model. In June 2021, Alice sold for $478,800 at a Sotheby’s auction.
Alice, the first intelligent NFT (Source: Sotheby’s)
However, using GPT-3 came with some setbacks. Alethea needed to get explicit permission from OpenAI every time it wanted to create an AI, which made it difficult to scale iNFTs and offer them to the public. Building from the GPT-3 software, Alethea developed its own AI engine catered toward character creation. With Alethea’s bespoke AI software, each iNFT is now composed of five different AI engines that govern how the iNFT talks, lip syncs, blinks, moves its shoulders, and responds in real-time.
The first use for Alethea’s new AI engine was creating Revenants, the company’s first iNFT collection. Revenants is a collection of 100 pre-trained iNFTs representing cultural icons from human history. Notable Revenants include famous scientists and mathematicians such as Nikola Tesla and Ada Lovelace, as well as fictional characters like Frankenstein’s monster and Dracula.
The Revenants collection was sold at auction through OpenSea in October 2021, raising 2,400 ETH worth around $10 million, breaking previous records for an OpenSea NFT collection drop. The Revenant NFTs command a high value in part because of their significance as some of the first iNFTs, but also because owners can use them to earn rewards for training Alethea’s AI engines. Khan gave one example of how Revenants are helping develop Alethea’s audio speech recognition for non-standard accents, stating:
“Our Revenants, when you talk with them, you can train the AI engine, and they will basically be what we call dedicated listeners. And every time they listen, they help transcribing occur, and the owners of those NFTs get rewarded for providing that service to the network.”
The ability to earn rewards in what Khan calls the “train-to-earn” model will not be limited just to Revenant owners. Following the success of Revenants, Alethea released its second collection, iNFT Personality Pods, which owners can fuse with NFT avatars, level up, and eventually participate in Alethea’s shared intelligence training to earn rewards.
The Train-to-Earn Revolution
Building from the play-to-earn phenomenon established last summer by blockchain games like Axie Infinity, Alethea is developing its own token economy centered around the idea of train-to-earn. With train-to-earn, owners of iNFTs can train them once, then set them to work interacting with other iNFTs and users to passively earn ALI token rewards for contributing data to Alethea’s shared intelligence AI engine.
Khan believes that Alethea’s train-to-earn model will prove to be a more scalable version of the current play-to-earn paradigm. He explained:
“The users in play-to-earn are human, so you require human labor and time, and there are challenges around scale, speed, and efficiency for growing there. In train-to-earn, the users are actually AI agents that have been trained once and can go out and earn for you ad infinitum. They can provide rewards to their owners for specific tasks as long as it’s value-additive to the ecosystem.”
Khan also said that there would also be human participants in a train-to-earn economy, but that they will likely be the AI agent guild owners. According to him, these guilds will likely function similarly to how play-to-earn guilds such as Yield Guild Games and Merit Circle do for games like Axie Infinity.
Alethea’s train-to-earn system hinges on the ALI token, a combined reward, governance, and utility token that will form the backbone of the economy. ALI has a fixed supply of 10 billion and is paid out to iNFT holders who provide data and participate in various initiatives to build Alethea’s shared intelligence engine. This creates an incentive to build Alethea’s AL engines, but in order to form a working economic structure, there also needs to be demand for the rewards that are distributed.
This is where token locking comes into play. For iNFTs to be able to participate in compute-intensive tasks that earn ALI tokens, owners must level up their Personality Pods by locking up ALI tokens. The more tokens an owner locks, the more complex tasks an iNFT can perform. Currently, Alethea has designated the abilities for levels one through five, with a future DAO deciding the abilities for levels six through ten.
The tasks each Personality Pod level can perform (Source: Alethea AI)
The amounts of ALI tokens needed to level up Personality Pods have also been set, tying together the price of the personality pods and the ALI token. This should help strengthen Alethea’s train-to-earn economy by allowing enterprising users to actively arbitrage the difference between leveled-up Personality Pods and the price of lower-level Pods plus the amount of token needed to upgrade them.
The cost to upgrade Personality Pods at each level (Source: Alethea AI Discord)
The rewards for helping train Alethea’s AI engines are currently accumulated on an off-chain “Ali credits” system. However, the end goal is for Ali Credits to be converted to on-chain ALI tokens once Alethea has incorporated a more efficient way to distribute them. Khan explained that being able to reward contributors directly is a top priority and that Alethea is currently in talks with Polygon to find a lower-cost scaling solution than Ethereum, stating:
“We want to reward people immediately for quality data submitted, and [to have] claiming the rewards not be more costly than getting the rewards themselves. That’s possible on Polygon, but not yet on Ethereum.”
Future Plans
Aside from kick-starting a train-to-earn economy, Alethea has other longer-term goals for its intelligent NFTs. Khan views iNFTs as building blocks that can be deployed in various use cases, potentially leading to the creation of an entire Metaverse populated by individually trained intelligent NFTs.
In this new world, iNFTs could become personal assistants akin to Apple’s Siri or Google’s Alexa, or even take on the role of Discord bots, as Alethea has done in its own Discord to greet newcomers. Another practical use case Khan highlighted is for iNFTs to help introduce and educate people who aren’t familiar with AI about the subject.
According to Khan, one of Alethea’s biggest successes is that it lets anyone become an AI developer without knowing the technical details. “We have one community member who is a high-school teacher, and he’s bought pods to teach his students about AI,” Khan says. “Once you make AI accessible and democratize access to it, so much more is possible.”
Currently, iNFT development is in the hands of the Alethea AI community, and individual owners can train their iNFTs and create use cases for them. The next phase, Khan states, is forming partnerships with large intellectual property owners to help showcase the potential of iNFT technology. He explained:
“If there was a new Netflix series that wants to create interactive intelligent NFTs, or if Marvel wants to create Spiderman, and wanted Spiderman to be in every home as an iNFT, you could talk to Peter Parker as if it was Siri or Alexa.”
Alethea has made good progress toward building out the presence of its iNFTs. The company recently launched a $1 billion Metaverse growth fund that received an investment from Binance Smart Chain and has also partnered with Yield Guild Games.
However, the most important factor for Alethea’s growth will be raising awareness of its unique technology. As more money rushes into the NFT space, it will be increasingly difficult for innovative projects to stand out from all the noise. Time will tell whether Alethea’s planned train-to-earn revolution will make the same kind of impact as play-to-earn did before it.
Disclosure: At the time of writing this feature, the author owned ETH and several other cryptocurrencies.
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Toronto-based publicly-traded Blockchain technology company Tokens.com Corp. has launched Hulk Labs, a platform focusing on Crypto-Play-to-Earn gaming and Non-fungible token (NFT) investment.
In addition to crypto staking and Metaverse businesses, Hulk Labs provides and monetizes investment opportunities in the gaming and NFT space for Tokens.com shareholders. Hulk Labs, a subsidiary of Tokens.com, will represent Tokens.com’s new Web3 vertical, focusing on the Play-to-Earn (P2E) space.
Play-to-earn (P2E), or GameFi, is the next major opportunity for Web3 and blockchain.
P2E is a popular business model that stays in the blockchain game world that integrates both Web3 and blockchain, which corresponds to the F2P (Free to Play) model common in the real world of the game industry.
Andrew Kiguel, CEO of Tokens.com, expressed his great pleasure to enter the new Web3 vertical with an excellent team, and hoped that in addition to providing investors with crypto assets related to Metaverse, DeFi and NFT, it will also develop games, becoming “one of the only public companies to offer a complete range of Web3 exposure”
He also added that the crypto gaming industry has grown dramatically over the past two quarters, with more than 600 games and a multi-billion dollar cryptocurrency market cap.
Tokens.com is a publicly-traded company that uses shareholder capital to invest in digital assets used for crypto staking and DeFi and also provides transaction processing and validation services for various digital assets that power Decentralized Finance (DeFi) applications and Non-Fungible Token (NFT ) platforms.
The corporation is listed on exchanges in three different countries: Canada’s NEO Exchange: COIN; Germany’s Frankfurt Stock Exchange: 76M; OTCQB United States: SMURF.
Earlier this month, the Professional drone racing League (DRL) joined the Metaverse world by launching its first game. A money-making crypto sports game on the Algorand blockchain in partnership with Playground Labs, a Web 3 game developer from crypto investment fund Hivemind.
Shrapnel is the world’s first AAA shooter game built on the blockchain, at the intersection of community, creation, and ownership. The team is comprised of BAFTA and Emmy award-winning talent that has worked on blockbuster franchises such as HALO, Call of Duty, Madden, Bioshock, Destiny, Star Wars, Hawken Skylanders, Westworld, and more. It is built on blockchain gaming platform Forte. In an exclusive ask-me-anything session with Cointelegraph Markets Pro, Don Norbury, head of studio at Neon Media, the game’s developer, offered an in-depth take on what the game has to offer.
Shrapnel game banner. Source: Shrapnel
Cointelegraph Markets Pro User: When I think of gaming, I think of Galaga, Pac-Man, Tomb Raider, Timesplitters. These games were fun and puzzling and contained adrenaline-filled additions. So how do you keep “Play-to-earn” (P2E) from being button-pushing for dollars?
Don Norbury: Shrapnel is currently a core PC game for the primary game client. We have a rich website for everything beyond the “shooting people in the face” elements. Our longer-term goal is to target a mobile client, but early scoping/focus for a project’s primary game client is critical to success, given the other elements we’re tackling.
We’re not making Cow-Clicker 9000 over here… we’re making an intense extraction-based shooter with creator tools. I think the P2E tracks that have been laid out are a fantastic concept and framework to understand and take into account when designing economies or understanding player/human motivations and incentives. However, the pure versions of games in that space are wildly different experiences than something like Shrapnel.
Our team comes traditionally from a space where we work on something for three years before the public becomes aware of it. While we still believe a certain amount of baking is required (and creative chaos contained), we think there are fantastic ways the community can become involved in the process and grow with the project as features, utility, and agency are built and iterated on.
CT Markets Pro User: Can you give us an idea of your roadmap going into 2022 and beyond?
DN: We have been planning and building this project for a long time now, and you’ll see more details around the roadmap and engagement very soon — so keep an eye on our social channels. We believe tokens of both utility and nonfungible natures are table-stakes at this point, and we’re excited to share innovation in the space on the decentralized protocol front in addition to our work on making a fantastic extraction shooter.
CT Markets Pro User: What makes Shrapnel different from regular multiplayer shooting games?
DN: It’s an extraction shooter, lose-your-loadout high-stakes-treasure-hunting design. You bring in your gear, and you need to get loot out. There are a couple of examples of this genre in the space already, such as Escape from Tarkov and the Dark Zone mode from The Division. Still, it’s relatively unexplored and is ripe for a AAA approach where we sand off rough edges and bring a flair for the dramatic equation around world-building and mechanics. Additionally, we have a range of user-generated content tools that range from access to more complex across various asset types in the project. Finally, Shrapnel will be partially built, quite literally, by the community in ways that allow them to own the platform and their creations and to be recognized for their contribution and participation.
CT Markets Pro User: What experience does Neon Media have with games?
DN: Our entire careers are based in AAA game development and transmedia production. So we all have multiple decades of experience building studios, executing globally-distributed publishing projects, and building some of the biggest franchises in the industry. Studios/companies like LucasArts, Xbox, Activision, Irrational, EA, HBO… and projects like Halo, Call of Duty, Bioshock, Star Wars, Madden, Westworld. So I suppose we’re a little obsessed… maybe overly so.
CT Markets Pro User: What can the Forte blockchain/NFT platform, or a Neon/Shrapnel investor, bring to the table?
DN: One of the primary issues preventing wider-scale adoption of games in the crypto space is frictional elements and risk. When we think about aspects like wallet/key management, KYC/AML, or transportability of assets, these are spaces for crypto-savvy people. There is an element of familiarity and acceptance. Still, for the average gamer, this is faaaaaar too much. When we build games, we want the player to get in and experience the visceral emotional moments rapidly, even to the point of minimizing the initial install size of a client so you can get in and shoot someone in the face as quickly as possible. Forte is focused on reducing the typical friction and ensuring compliance and future-proofing to allow the game experience to thrive.
CT Markets Pro User: How do you view the future of interoperability? Will this project live on one chain or several?
Related: Gamer-hate: Ubisoft’s new NFT project video gets 96% dislike ratio
DN: This is a great question that is near-and-dear to our hearts at Shrapnel. We are building the protocol with interoperability in mind as much as possible. One of our core pillars at Shrapnel is: “We’re not the metaverse; we’re part of it.” We see blockchain and DeFi as the TCP/IP of the metaverse, and most projects that claim “metaverse” are mostly referred to as “sandbox games.” We want every future platform to enable their expression of Shrapnel, both the parts created by our team in Seattle and all the future imaginings of the creators within the Shrapnel platform.
Upcoming NFT based mobile role-playing game Guild of Guardians has sold out two tranches of its native token (GEMS) totaling $5.3 million.
The token sale, held on Coinlist on Nov. 30 was oversubscribed 82 times, with around 808,000 users registering. More than 10,700 new GEM holders from over 100 countries purchased a maximum of $500 worth of tokens. However users from Australian, the U.S.,Canada and China were prohibited from purchasing tokens amid mounting regulatory concerns.
GOG allocated 6% of the total 1 billion total tokens to the CoinList sale, while 63% of the supply will be distributed via community-driven events, activities, and core gameplay.
The play-to-earn game’s soft launch is planned for Q1 2022, with 400,000 users already pre-registered.
The game comes from Ukrainian developer Stepico games in partnership with Australian-based NFT layer 2 scaling solution Immutable X. Immutable X is the first layer 2 scaling solution for NFTs on Ethereum, and is backed by Galaxy Digital and Coinbase.
I’m super bullish on quality Aussie crypto projects and love to support them as I’m sure others do too so I hope the exclusion of Australians being able to invest in $IMX is just an error by @CoinList
— Nish Sequeira (@nishseq) August 26, 2021
Immutable’s Head of Marketing Nicholas Kelland said GOG is launching on mobile so that it’s accessible to most people.
“Not everyone has really robust gaming rigs and PCs and so on and so forth. So mobile was an easy choice for us.”
Just pretty damn cool, really pic.twitter.com/a3MFzrgMZt
— GuildOfGuardians (@GuildOfGuardian) November 29, 2021
The success of GOG’s successful initial DEX offering (IDO) comes as play-to-earn gaming becoming increasingly popular. In GOG, every in-game asset that users own is a tradable and exchangeable NFT.
Related:New tribes of the Metaverse — Community-owned economies
“I think the concept of in-game asset ownership is a foregone conclusion. And it’s a matter of when, not if,” Kelland said, adding that “it goes back to the concept of the content creator economy and people, people basically owning this stuff that they deserve to own.”
This comes after the first Founder NFT sale in June, which raised $3 million in 24 hours. The second wave raised $5 million, and the third and final wave raised over $4 million.
A new alien-themed gaming token is leaving earth’s atmosphere as the overall metaverse trend continues to sizzle.
Decentralized social gaming platform UFO Gaming (UFO) is built on the Ethereum network and features a “Dark Metaverse” where users can create their own clans, own and trade virtual land and earn crypto or non-fungible tokens (NFTs).
Data from CoinGecko highlights UFO’s meteoric rise since first launching in July, jumping 15,379% from its initial price of $0.000000350110 to today’s value of $0.00005418.
The altcoin has surged 150% in the past week alone.
The team behind UFO says the ecosystem intends to be community focused and feature a wide variety of unique planets.
“When a new planet is discovered, a new game is not far behind. Each game will be dedicated to one planet in its own sub-economy of the entire Dark Metaverse.”
UFO project priorities include,
“A platform for decentralized gaming, choose your favorite genre to earn from. Asset ownership [that] is fully determined by the users. Gaming assets (NFTs, currency) that may be transferred from one platform to another. Play-to-earn [P2E] gaming economy that is transparent and sustainable.”
Token holders can earn “plasma points” from staking while the largest holders have DAO (decentralized autonomous organization) voting rights to determine the future of the UFO metaverse.
At time of writing, UFO is ranked 107th in market cap, with a total value above $1.4 billion.
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Led by digital asset research and investment firm Delphi Digital, QCP Soteria, and the largest DeFi fund Framework Ventures, Polemos plans to expand the surging P2E gaming landscape.
Polemos secured this strategic round of funding to gear up for the launch of the play-to-earn game Illuvium.
Polemos, a global play-to-earn guild with an initial focus on the highly-anticipated blockchain game Illuvium, closed a round of strategic funding with co-leaders Delphi Digital, QCP Soteria, Framework Ventures, and De-fi Capital.
Additionally, founders from Sushi, Aave, 1inch Exchange, Universe.XYZ, Altered State Machine, Coti, Tokemak, fmfw.io, Perpetual Protocol, and Fei Protocol participated in the round.
In collaboration with Asian Logic, Polemos will launch with three networks of players: a large international workforce of Asian Logic users, a Discord community network, and a network of elite gamers.
Feedback from investors showed confidence and excitement for the Polemos project, based on the explosion of activity in the blockchain play-to-earn gaming sector, also known as “Gamefi.”
CEO Sascha Zehe, a former game development Product Manager and current Illuvium council member, said:
“Funds raised in the current round will be used to accelerate Polemos‘ growth through increased investment in the technology stack, team expansion, and on research and development for future gaming opportunities.”
Tom Hall, Founder of Asianlogic, former CEO of UK listed global online casino giant, Playtech and current CEO of The Sporting News (“TSN”) commented:
“Having been in online gaming as long as we have, we have been waiting for the right opportunity to enter the play-to-earn blockchain and esports sectors. Having reviewed the sophistication the Illuvium team is bringing to the game, we feel this is the perfect opportunity to focus on and dedicate experience and existing resources. TSN is also moving rapidly into significantly expanding its esports content alongside its 100 years + coverage of traditional US sports and looks forward to covering the progress of Illuvium”.
Kieran Warwick, Co-Founder of Illuvium, said:
“Polemos partnering with a group the size of Asian Logic impacts the entire blockchain gaming industry, not just Illuvium. Players worldwide are starting to demand custody of their assets. Illuvium gives players that ownership experience as a decentralised NFT game while at the same time delivering the AAA-quality engaging gameplay that hardcore gamers crave. Guilds like Polemos will help players enter the Metaverse by assisting with capital and onboarding requirements. Meeting the needs of play-to-earn gamers is critical for sparking a mass mainstream adoption of crypto gaming.”
Yan Liberman, from Delphi Digital, added:
“Crypto gaming has really come to the forefront over the past year as genuine in-game asset ownership has enabled new dynamics like play-to-earn. Player run DAOs called Guilds are a natural product of this new environment and we’re extremely excited to partner with Polemos as they begin their journey within the Illuvium ecosystem.”
Polemos will launch with a dedicated series of technologies that have been developed specifically to educate, track, analyse, and manage players. Polemos University will be a dedicated GameFi learning management system, and the Polemos DEX will be a trading and management system for guild assets. They have also developed a robust player analytics platform. These best-in-class analytical tools will help players improve their in-game performance.
Having witnessed the global impact of P2E games on developing nations, Polemos aims to assist players in those regions who may not have the initial resources or skills to play. By giving these players a base foundation to get started, Polemos gives back to guild-member communities by donating a fixed percentage of revenues to grants for education, technology improvement, and community enrichment.
Polemos is a global ‘play-to-earn’ Guild leading strategy, technical and competitive games on the blockchain. Polemos bridges the gap between traditional gaming and the play-to-earn economy by creating a competitive global team of players from the highest ranks of gaming experience to aspiring beginners just starting.
Unlike other guilds, Polemos aims to leverage the years of experience amassed by thousands of sophisticated gamers and pass this knowledge on to anyone and everyone worldwide who wants to play blockchain games for fun and financial support.
Illuvium is a video game developer and publisher of AAA play-to-earn crypto-games. Illuvium removes the ownership gap between gamer and game, engaging its stakeholders in a community-governed collaborative game development model. Illuvium’s games feature collectible NFT assets with in-game functionality that are playable across multiple games planned for the Illuvium metaverse and will appear in partnership with other games and the larger DeFi Metaverse. Illuvium’s decentralized NFT collection means players have actual ownership of their in-game assets. All-time and effort in-game is transferred to real-world value, never before possible in mainstream gaming.
Illuvium was co-founded by lifelong gamers CEO Kieran Warwick, game designer Aaron Warwick, and art director Grant Warwick. Driven to deliver an NFT-game worthy of gamers, the Warwicks founded Illuvium to put an immersive AAA gaming metaverse on the Ethereum blockchain. Partnering with Immutable-X, Illuvium players pay zero gas fees for minting or exchanging NFT assets, enjoying sub-second transaction times for uninterrupted gameplay. The Warwicks lead a core contributor workforce of 150+ professionals in 36 countries, recruited for their experience in top entertainment, gaming, and crypto industry franchises.
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Polemos, a play-to-earn (P2E) gaming guild specialized in NFT games, has raised $2 million in a strategic funding round to focus on its open-world role-playing game.
Soon-to-be-launched as an open beta in Q1 2022, Illuvium is an open-world RPG adventure game built on the Ethereum blockchain. Players collect creatures called Illuvials that are represented as tradeable NFTs. The digital characters can be used to battle against other players and complete quests, becoming more powerful with each battle won.
On Nov. 19, Polemos announced the funding round that was led by investment firm Delphi Digital and Framework Ventures. Other participants in the round included DeFi founders from Sushi, Aave, 1inch Exchange, and a number of others.
Aiming to create a multi-layered network of players before Illuvium is launched, Polemos has partnered with online gambling operator, Asian Logic. Its users will become the primary guild group and others will be sourced from its Discord community.
Kieran Warwick, co-founder of Illuvium, stated:
“Guilds like Polemos will help players enter the Metaverse by assisting with capital and onboarding requirements. Meeting the needs of play-to-earn gamers is critical for sparking a mass mainstream adoption of crypto gaming.”
Polemos is developing a GameFi learning management system, a decentralized exchange for guild assets, and a player analytics platform to educate, track, analyze, and manage players.
The firm is aiming to give players in developing nations a base foundation to get started either by teaching skills to play, or lending them initial resources like tokens and gaming items.
Related:Axie Infinity guild CGU helps players enter the fantasy play-to-earn NFT game with ‘scholarships’
Earlier this month, the CEO of Electronic Arts (EA) hinted that NFTs and play-to-earn games are the gaming industry’s future, despite early-stage research and development.
In October, Ubisoft’s CEO also expressed intentions for investment in blockchain-centric gaming companies on the platform and encouraged adoption by becoming a founding member of Blockchain Game Alliance.
