FABLEBORNE ANNOUNCED POWER (and more)

GAMING CHRONICLES 94

Raiden

and

Memento | Oscar

Nov 20, 2024

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TLDR :

Fableborne announces POWER and more…
Karrat becomes a publisher chain
Play Ventures raises $140M

🗞️ NEWS

FABLEBORNE ANNOUNCES POWER AND MORE…

This Monday Fableborne announced the POWER token and published a new litepaper. Let’s point out the highlights:
- The litepaper speaks of first-party titles, meaning Pixion plans to build multiple titles in the future
  - Primordial NFTs will have utility across all Pixion’s fp-titles
- Essence (Primordial > Gold > Silver > Bronze) will provide exposure to the POWER token
- POWER is the ecosystem currency of Fableborne and all its future titles:
  - Power Protocol is a live ops infra platform, and game publisher, with Fableborne as the flagship title
    - Because the litepaper mentions “first-party", I assume they will be launching 2nd-party and 3-rd party games as well
  - POWER is a multi-game-, live ops infra-, and ecosystem currency of all Pixion Games titles
    - Post-TGE token LiveOps continues to bring (new) utility to the token, which should lead to more continuous demand
- POWER can be used as a webshop currency to buy IAPs
  - By buying using POWER players receive “the most content per dollar”, because it circumvents the app store fees
  - Similar to how King of Destiny uses a webstore (PWA) inside the game
- Players will be able to equip skins to change their appearance and special edition skins offer POWER upgrade paths, influencing rewards
- Players can own and play with Limited Edition Heroes, these won’t give a P2W advantage. However, they will have a POWER upgrade system
- Seasons will happen every 2 months, which after player progress will reset, but cross-season rewards are saved
- Lastly, Fableborne’s roadmap looks like the following:
  - Fableborn global launch > soft launch > turn on UA > scale UA with a positive return on CAC (the typical mobile scaling template)
TL:DR: multiple titles, POWER is a multi-game-, live ops infra-, and ecosystem currency, Power Protocol will be a game publisher, special edition skins and heroes, 2-month seasons, and global launch coming soon

KARRAT CHAIN

Karrat announced they’re building their own studio chain. With this transformation to a publisher ecosystem, they’re inviting other games to build on their tech stack
- The chain will focus on aspects such as high TPS, custom gas tokens, security, cross-chain interoperability, off-chain channels, etc. among other things
We’re seeing many of the games with a flagship title (My Pet Hooligan in this case) turning into publishing ecosystems/going the infra route, why?
- Usually (not always), this can be attributed to one of the following reasons:
  1. Increased value capture
  2. Makes it easier to raise from VCs
  3. More revenue opportunities
- The idea is that your flagship title acts as the top of the funnel for your ecosystem, which trickles down attention/interest to your platform and so other apps. Similar to how Axie > Ronin
Interestingly enough KARRAT’s token price hasn’t moved up much since the announcement, potentially being indicative of the lack of excitement toward more gaming chains
Whilst Karrat and My Pet Hooligan have a strong community, we have yet to see the game gain good traction, which will be the most important factor here imo

PLAY VENTURES RAISES $140M

Play Ventures, the early-stage gaming VC, raised $140M for its third games funding round. It is the firm’s biggest raise yet, bringing total assets to $450M
- Funds will be allocated to 20-25 pre-seed to Series A rounds in mobile F2P, gaming infrastructure, AI-enhanced gaming tools, mobile consumer apps, and new distribution models for games
- The firm has a smaller fund, called the “Play Future Fund” which focuses on blockchain gaming. I assume a % of the raise will be allocated to this fund
The Play Future Fund has invested in a range of games ( and related apps), including companies such as:
- Ancient 8, Azra Games, Community Gaming, GuildFi (Zentry), IndiGG, Mighty Action Heroes, Tribo Games, and more
- The latest round they invested in seems to be Darkbright, the studio building Smolbound