Is this game "the next Big Time"?

GC ALPHA 03

Memento | Oscar Jun 24

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GC Alpha is a new newsletter format exploring P2A events, SocialFi, market narratives, and alpha more in-depth (GC on Monday | Newsletters on Wednesday).

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.

(P2A) EVENTS & SOCIALFI

SONIC

• The “Solana SVM Chain” we talked about last week when they raised $12M, also launched an incentivized testnet:

  • During this campaign, you collect “Rings” by interacting with the chain and its Dapps (games), daily check-ins, and referrals

    • Their initial game partners include Jogo Jogo, Rage Effect, FoMoney, Lumiterra, and Kepler Homes, which will be gradually launched on the platform.

• Furthermore, Sonic seems like a platform that can push the overall Solana gaming scene, so I would start following the games that partner with them

GOAT GAMING

• Last week GOAT Gaming released more on what they’re building, and a few days ago we got to know more about their P2A campaign as well

  • Players complete various types of quests: social, MAH, and creator. And it seems like more game-related quests are in the pipeline.

    • Still need to start playing myself but it’s a great team, with an interesting platform, which raised a good amount of $

• In this article, they outline how GOAT will be distributed, it seems like there will be 3 different allocation pools:

  • GOAT Points ranking (questing, achievements, tournaments, and playing)

  • Creator Points ranking (both tracked weekly and all-time)

    • Creators can compete for weekly “Hall of Fame: rewards, with a prize pool of $5000,- every week

  • Early supporters

    • Based on historical spending in MAH, in-game action, and NFT holdings

    • Plus there will be extra benefits for the Genesis Pass and Big Bear holders

ANCIENT8

• Last week Ancient8 released the last week of its P2A campaign: the Airdrop Leaderboard. It’s a typical campaign where you:

  • Complete different types of tasks related to dApps within their ecosystem. E.g. you play Pirate Clash

  • Referring friends earns you a % of the points they earn

• We completed tasks for Phases 1 and 2 when it still seemed largely under-farmed with less than 10K people.

• Ancient8 is a gaming chain on Optimism, with Zone9 as one of the larger games on there.

FLASH EVENTS

• MapleStory Universe The Genesis launched

• Earn Alliance started Ronin Week, today

• Saga introduced Vault2 of the Power level over 9000 campaign

• Wild Forest launched the “Signal Fire” campaign

• Pacmoon partnered with MOCA: create content to earn PAC and MOCA

• The Beacon re-introduced dungeons to its P2A campaign

• CARV launched Infinite Play S3

• Registration for Moonray’s P2A campaign is opening today

• Metalcore is launching Closed Beta 3 on June 27th

MARKET TALK

LUMITERRA, THE NEXT WEB3 MMO?

• Lumiterra recently had two interesting developments:

  • Sonic announced Lumiterra to be their flagship game

  • Lumiterra migrated to the Ronin Network

• It’s an MMORPG open-world survival crafting game, where players battle, farm, and explore.

  • Their YouTube is a growing game library when it comes to crafting specific items, disassembling, daily tasks, etc.

• Lumiterra is part of Lumi Finance, a DeFi growth flywheel that helps to increase the liquidity inside the game through prize pools, and P2A rewards.

  • The native currency of Lumiterra is LUDAMOON ($LUA), which was sold in a pre-sale to players last week

• $1M in prizes will be up for grabs during the upcoming closed beta test

  • The beta will be accessible through obtaining AL in Earn Alliance’s Ronin Week

    • RON will serve as the primary in-game currency during Lumiterra’s Closed Beta test.

• Furthermore, Jihoz had a few interesting things to say about Lumiterra:

  • They have a passionate Chinese-speaking community, allowing them to continue to diversify their audience

  • The “gameplay looks interesting and nostalgic, and there’s already something playable”

• The next Web3 MMO?

  • If we take Big Time as an example there are a few things that made it successful:

    • Guilds, a cult-like community, appeal to an Asian audience, a deep economy, and the game of course

      • I think Lumiterra ticks many of these boxes, and of course, has the benefit of tapping into the Ronin community and growth initiatives

WHO’S PIVOTING TO TELEGRAM?

• A few days ago I put out this Tweet, asking a question: why aren’t more games building “mini-app metagames”? The comments on this Tweet led to a few interesting insights:

  • Multiple teams are working on TG mini apps as a UA tool, but they’re still in development

  • Teams from Waifu Tactical Force, PlayEmber, and the Infinigods have thought of/ are working on these apps

  • Teams experienced in either Discord-native (Tatsumeeko), PWAs, and/or HTML5 will likely move to TG gaming as well

• What we have seen so far in terms of gaming in this sector remains quite basic (tap-to-earn), with apps that take only a few weeks to spin up. The good games seem still in development, and I suspect they to released in the next months

AI ARENA TOKEN LAUNCH

• AI Arena’s $NRN token launched today and is sitting at ~$7.3M (0,098 x 1B x $0,07453) MC right now ($74.5M FDV)

  • 8% unlock on TGE for players (4% P2A and 4% NRN boxes)

  • 1.8% unlock on TGE for the Foundation

• The token got T2 listings (Gate.io, Bybit, Kucoin) and has $7.2M in total volume right now (they only launched this morning)

• Overall, it opened lower than I expected to be frank (especially considering their narrative), but there are two important considerations:

  • There wasn’t much of a token campaign, AI Arena’s P2A campaign was a much larger marketing event

  • Sentiment isn’t great, even worse than when PIRATE launched on the 13th of June

• I believe in what AI Arena and Arena Labs are building. “Pioneering the AI-driven future of online gaming experiences". If you decide to take a position, take note of the unlocks happening in month 12.

ON THE RISE

• Power Protocol: Empowering games with web3 live-ops infrastructure (launch partner: Fableborne)

• Second World Games, which recently raised $3M and launched Fantasy Troop

• Infinigods might have a token-related announcement this week

© 2024 Raiden
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