Uncovering the Web3 game that made $5M in under 2 months...
Uncovering the Web3 game that made $5M in under 2 months...
GC ALPHA 10
Disclaimer: None of this information should be taken as financial advice. DYOR + I will hold some of the assets that are spoken of in this newsletter.
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(P2A) EVENTS & SOCIALFI
WILDER WORLD
Wilder World released “The Odyssey: WILD Airdrop”. This means players can start earning Shards by completing missions and challenges for a WILD token allocation
The campaign will distribute $5,000,000 in WILD in total, divided over the Keepers Pool and Mission Pool
Firstly you can start completing the missions on their platform, simple things like joining Discord and liking a Tweet
Trinity NFT holders get a 2.5x on any missions completed
Secondly, there’s a dedicated reward pool for NFT holders (the expensive option)
Jesus put out a good guide on how you can maximize your rewards if you’re interested
Thirdly, you can start completing races in the Wilder World Alpha, by completing laps and winning races you can collect WILD as well
Despite having a fairly large reward pool for F2P players ($3M), the number of participants will be quite large, so don’t expect too much from this first phase of the campaign
Phase 2 will focus on challenges inside the game, meaning the competition will be less
UNFK
UNFK is a meme-driven crypto game where you are supposed to make fun of “corrupt corporations”
The goal is to create viral pranks/campaigns to cause a positive change in the world (make fun of banks, Gary Gensler, point out the harm of pesticides in Cornflakes, etc.)
The campaign includes a combination of amplifying social messages, claiming points daily, connecting your accounts, making memes, and playing “Flying Finger”
Points will grant you UNFK rewards and there will be weekly $10K (in $SOL) giveaways (the top 10 agents all receive $1K)
Various figures like Seedphrase, Bharat, Giulio, and Luca Netz got involved in the funding round
PENTAGON GAMES XP
Pentagon Games (PG) announced they raised $6M in a Seed Round last week. VCs like Animoca, Binance Labs, Spartan Capital, and others were involved in the round
PG is a Web3 AI-based game publisher, building its own zkEVM chain. Their focus is on merging AR, VR, and AI with Web3 tech
They also have a live P2A campaign, which will distribute their L1 PEN token
Sign up, connect your socials, complete tasks, and claim badges
Next to this, you can visit the “Ascend page” daily to Spin a Wheel and win the rarest, very limited-supply badge
The rarer badges you claim, the larger your token airdrop
FLASH EVENTS
PengPals is a Telegram pet game that launched on the Abstract Chain (Igloo Inc.)
Registrations for Ragnarok: Monster World open up tomorrow, plus the pre-registration event will kick off at the same time
The Pioneer Playtesters can now play Off the Grid on the PS5
Nyan Heroes’ pre-alpha returns on the 4th to 25th of September
Confiction Labs brought new updates to its Portal (P2A dashboard)
Genopets launched a new Telegram mini-app: Pixelton Arena
MARKET TALK
WHAT IS RAGNAROK LANDVERSE?
Last Saturday, Jarindr, one of the founders of Zentry put out the above Tweet. I had no clue which game he was talking about, but Hunter quickly pointed out it’s Ragnarok Landverse (RL)
So, I started to do some digging:
Zentry announced the acquisition of a majority stake in the game publisher Maxion last June, joining their team as its Web3 game publishing division
Maxion is a hyperlocal game publisher with a formal partnership with Gravity (the creator of the Ragnarok IP)
“Hyperlocal”, because the game seems to be most popular in Thailand and the Philippines
They are the publisher of RL, a spin on the classic Ragnarok Online MMORPG. The game was officially launched on September 20, 2023
If you check out the RL Twitter account you can see they have little traction on there. However, if you check out their Facebook, YouTube videos, etc. you can sense there’s a significant player base
Maxion has a dedicated NFT marketplace for the game and a live ION token on BNB
Overall, very interesting to see how large of a bubble Twitter can be and how we can be blind to what’s happening in the Asian region, locally
NFT SLOW COOKS
Yesterday, I published a Tweet on GOAT Gaming, explaining a “new” (not 100% sure if it is new) playbook for NFT launches named the “slow cook”. Here’s how it works:
There’s less focus on the pre-launch campaign
The team remains vague on the utility and announces juicy details post-mint
E.g. last week was announced that 40% of the GOAT supply would go to the community
Token-related announcements like these are “NFT marketing ammunition”
Post-mint the team amps up the marketing machine (collabs & content deals)
The idea behind this approach is similar to a low FDV token launch:
Early believers (conviction buyers) can get in at a reasonable price and the value of their holdings grows over time. Making your community “rich”, creates the best Web3 communities to be frank
In contrast, a project like Persona spent a lot of market ammunition on its pre-NFT marketing campaign, reached its ATH of 0.5 ETH on D1, and was very disappointing in terms of its post-mint campaign (now trading at 0.13 ETH)
Your D1 believers are now Diamond Bag holders not by choice, but because they are underwater. As soon as the floor price returns to a reasonable number these holders will try to get rid of their bags
The “slow cook” approach is a more natural way of price appreciation. Different from the WL holders gaining all the upside (similar to VCs when it comes to tokens) when a project uses all its marketing ammo pre-mint
I won’t say the approach is waterproof, but it’s interesting to see a team try something new to shake up the NFT space (study the agency behind this launch)
ON THE RISE
Night Crows ranked #2 among the Top MMORPGs on iOS during Q2 2024 in the US (alpha by Serein)
Note: a concern about the Wemix ecosystem is that their former CEO just got indicted for “allegedly falsifying and concealing details about the circulation of Wemix tokens”
Frenzy Farm is a risk and farm P2E game launching on Solana
Perhaps the next Crypto Valleys, but on Solana? Make sure you exit the Ponzi early on if you’re getting involved
Limit Break finally posted a Tweet again
As a result, the DigiDaigaku collections saw a spike in trading volume and floor prices