The revolutionary technology of cryptocurrency has provided both security and transparency to users, liberating developing nations across the globe.
Harnessing the power of blockchain technology, play-to-earn (P2E) games have also recently emerged, to soaring popularity.
The technology has given rise to rapid transformation in the gaming industry, revolutionizing the way that the industry makes money. Instead of cash simply going from player to publisher, new technology has allowed developers to empower gamers to be rewarded while incentivizing more traffic for publishers. Games like Axie Infinity have led the way in the sector, making playing games as a profession a reality, and has brought in over $3 billion in trading volume since launch.
Although every game and player has its limits, some players have even been able to make more income from a simple video game than they would in a month’s salary. By acquiring an NFT, players open up the opportunity to make enough to retrieve their initial investment and more.
Numerous formats are on offer with P2E technology, including MMORPGs, shooter, action, fighting, and racing formats.
A notable frontrunner in the P2E space is Planetarium Labs, who built its decentralized platform out of frustration with the state of the current industry, and has created an avenue to empower the community to create and shape the games they enjoy themselves.
“We wanted to give traditional game developers a powerful tool to create fully decentralized, complex universes through the development ecosystem they already deeply understood. And we wanted to provide application-specific blockchains for each universe so that developers could have full control over the nature of its economy as well as its reward structure,” the company states in its online FAQ.
The open-source community, known for its popular online RPG game Nine Chronicles, is harnessing the technology of blockchain and tokenomics, scaled creativity, and cutting-edge fundraising mechanisms to create a game that provides freedom to multiplayer games via decentralization.
“We noticed that in massively multiplayer online worlds, a virtual community was fully controlled by a single corporation, without an opportunity for modding and creative engagement. We realized this could change through blockchain gaming. A community-powered online game is a concept that hasn’t been fully explored before, and we are excited to be among the first to dive in,” the company says.
The team behind Planetarium has a wealth of expertise and is passionate about its open-source mission. “We are huge believers of the open-source movement. […] The gaming industry is notorious for its proprietary technology and ownership, and we are excited to become pioneers in this way as well.”
Nine Chronicles by Planetarium is now gearing to launch its own NFT project, Decentralized Cat (D:CC), set to be minted on September 21, 2022. The NFT project unlocks exclusive features to owners, including rewards, benefits, special in-game items, and an invitation to alter their identity within the Nine Chronicles multiverse.
The collection will have a total supply of 3,000 unique NFTs, 2,800 of which will go to users who have been accepted into the Pionyan Program by Nine Chronicles, with 200 NFTs allocated to the internal team.
JC Kim and Kijun Seo, Co-Founders of Planetarium Labs, has said, “We created the D:CC that enriches the world of Nine Chronicles, a robust, collaborative universe created with our community. The NFT collection allows us to expand our creative platform and IP, continuing our growth as we deliver the future of gaming through decentralized content and technologies.”
For more information about the NFT project: https://dcc.nine-chronicles.com
To learn more about Nine Chronicles, visit Nine Chronicles’ Twitter, Discord, and Medium
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
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