Digital collectibles, DAOs and DeFi collide on the six planets that make up Alien Worlds’ new platform.
As digital collectibles sell for thousands and DeFi initiatives continue to disrupt traditional finance, decentralized metaverse platform Alien Worlds combines the two to offer its players DeFi farming and NFT card-based strategy gaming on all of its six planets.
The gaming industry is reportedly set to exceed $150 billion in revenue by the end of 2020 and in the cryptocurrency space gamification has become increasingly popular; Alien Worlds utilises both the Ethereum and WAX blockchains to offer players new ways to buy, sell and earn digital collectibles as the first and only cross-denominated project.
DeFi goes interstellar
Set in 2055, Alien Worlds sees the inhabitants of a ravaged and pandemic-ridden Earth escape through a wormhole revealed to them by an advanced alien race through Bitcoin mining algorithms. The game incentivizes explorers to play games within the metaverse as well as giving them power to become part of DAOs (decentralized autonomous organizations) on six different self-governing planets.
Pandering to the growing appetites of Ethereum NFT enthusiasts, Alien Worlds enables explorers to travel to different virtual Planets and perform various activities such as fighting and mining. Players can either mine to earn the game’s native token “Trilium” as well as other unique items, or buy and rent their land to other players, earning more tokens.
Six planets, infinite possibilities
Explorers can choose to mine or acquire land on any of the six planets, voting for Planetary governance which impacts token payouts. The platform looks to incite creativity and growth within its metaverse through complete decentralisation, and each planet within the Alien Worlds metaverse can also offer its own games, resource strategies and NFTs.
“We’ve started by offering a mining and a fighting game, but we don’t define what the overall metaverse is or what it becomes, it’s down to the players to decide,” says Alien Worlds Co-Founder Michael Yeates. “The idea is that explorers will use the framework that we give them to build other games inside the metaverse, which will use our economy and the Trillium token to run.”
An all-star team
Hailing from Zug’s Crypto Valley, Dacoco GmbH is behind Alien Worlds; the team previously played a central role in the successful launch of the EOS blockchain as key members of the “Ghostbusters” tech group. Dacoco GmbH is also a member of the Blockchain Game Alliance. In 2018, the team was behind the eosDAC airdrop, which helped propel the EOS IOC to greater heights. This airdrop was the first ever migration of an ERC20 token onto EOS and the EOS ICO went on to famously raise billions of dollars.
“Much of the software used in Alien Worlds is mature – over 2 years of daily use by eosDAC, which is one of the world’s largest DAOs. We’ve learned through experience some of the dynamics in decentralized organizations and how they unfold over time,” explains Saro McKenna.
Upcoming Land Sale
After the sellout success of their first two NFT sales that took place in the format of Dutch auctions, the Alien Worlds team will be hosting a Land Sale on their website on December 4th 2020 at 13:00 UTC. Unlike other virtual land platforms such as Decentraland, which has about 90,000 land parcels within its ecosystem, only 3343 Land Packs exist in Alien Worlds. This increases scarcity considerably, making the opportunity to own a piece of the Alien Worlds metaverse more rare.
Owning Land in Alien Worlds earns players passive Trilium [passively]; users can take advantage of the game’s baked-in yielding functionality to earn commission when other explorers mine on their Land, and are able to set commission rates to whatever they please, making their property more or less attractive an option to mine on. Land owners also receive a one-time random percentage of all the Trilium in the Land Fund from the metaverse’s Federation once their land pack is opened.
Disclaimer: The writer has a personal relationship with Alien Worlds and used this relationship to source insights for this article. The Daily Chain encourages you to carry out your own research before you make any form of investment and educate yourself about how to stay safe in the crypto space.