The dual-token model of the full-chain game Realms has raised nearly 40 million, a pure capital game?

According to Fortune Business Insights, the global gaming market reached $249.55 billion in 2022 and is forecast to exceed $280 billion in 2023 and possibly more than $600 billion by 2030. In comparison, the global film industry’s market in 2022 was only $94.4 billion. This data underscores the prominence of the gaming industry in the global economy, while revealing its enormous potential in terms of Depth and breadth.

However, the traditional gaming industry faces two major challenges: edition restrictions and high upfront development costs. These challenges have given rise to the application of Blockchain technology in the gaming industry. Blockchain games, such as Axie Infinity and Stepn, demonstrate the potential to combine gaming with the crypto economy, bringing unprecedented change to the gaming industry.

The rise of full-chain games has achieved the fairness of games by putting game logic, state, data, and assets on the chain. This model gives third-party developers more freedom, shifting the game from a traditional corporate consumer model to a player-as-creator model.

Realms, as a spin-off of the Loot ecosystem, demonstrates great potential in this area. The Market Cap of its Non-fungible Token assets and Token LORDS suggests that Realms may be undervalued. With the arrival of key development nodes, Realms is expected to become one of the most influential gaming projects in the Loot Metaverse, bringing new experiences that are both fun and profitable for Loot holders. Let’s take a look at the Realms project.

Realms Fact Sheet: A leading developer community in the Loot ecosystem, with a financing amount of nearly $40 million

Realms’ development team has expanded from the original Hacker enthusiasts to developers including lordOfAFew, RedBeard, LevelsOfDeion, and MikeN, all of whom are active in multiple communities. As one of the most influential developer communities in the Loot ecosystem, Realms naturally has strong support from Loot founder dom and The Genesis Project (for Loot) developer TimshelXYZ. These supporters not only promote the development of the Realms project, but also actively participate in the construction of the entire Loot ecosystem.

In February 2023, Realms announced through its official Twitter account that its private placement campaign in the Bibliotheca Dao community was a great success. Although the initial goal was to raise $625,000, it ended up raising a whopping $3,970,473.75, 6.35 times more than expected. This achievement prompted Realms to make adjustments to the distribution of LORDS Tokens, and participants also received a refund of 84.25% of the amount they invested. As a full-chain game built on the Ethereum and StarkNet networks, Realms aims to develop an on-chain hyperverse based on interactive metagames on the layer 2 network.

Realms discloses the exact amount of funding

Realms’ initial issuance of 8,000 Realm Non-fungible Token plots is the cornerstone of its gaming world. These parcels represent a variety of different kingdoms and city-states, each with its own unique combination of geographical features and resources, including cities, regions, rivers, ports, and more. More specifically, 50 of these Realms have Mythical Wonders, which not only give the owner special powers, such as taxing other Realms, but also add strategic Depth to the game.

Judging from the current Market Cap, Realms’ Non-fungible Token assets and released Token LORDS appear to be undervalued by the market. As the key stage of the project’s development approaches, Realms is expected to become one of the most impactful gaming projects in the Loot Metaverse. For Loot holders, this means that they will finally be able to experience an on-chain game that is both fun and economically valuable.

Realms’ 8,000 plots are not only a place for games to take place in the future Loot Metaverse, but also a key asset to breathe life and liquidity into this expanding Lootverse. Realms Lords (Realms Non-fungible Token holders) are tasked with building their territories, forming alliances, and harvesting resources. At the same time, as lords, they also need to build armies to protect their territories from enemy attacks and resource theft.

Resolve Realms’ dual Token asset model: native Token LORDS and Resource Token Resources

Realms’ economic system is one of the key factors in its success. Through well-designed production, accumulation, trading, and consumption mechanisms, Realms presents an innovative and balanced model of the game’s economy. This model not only facilitates the trading of in-game items, but also achieves a dynamic balance between asset supply and consumption, attracting more players to join.

The two main assets in the game are LORDS and Resources. LORDS, as the native Token of the game, not only has a governance function, but also serves as a medium for in-game transactions. Resources are resource tokens with different functions in the game, with a total of 22 types. Players need to trade resources in the market to maximize the efficiency of resource utilization.

The resource extraction mechanics of Realms are quite unique. For example, a Realm Non-fungible Token with a multi-resource attribute can mine multiple resources per day, while a Realm Non-fungible Token with a single resource attribute can only mine one resource per day. This mechanic not only increases the strategic nature of the game, but also increases player engagement.

The release strategy of the LORDS Token is also part of its economic model. Through Non-fungible Token staking and in-game mechanisms, LORDS Token is released in stages, ensuring the stability of the market. Non-fungible Token staking in the early stage releases 10% of the total Token Supply, while the later in-game mechanism releases 57.5% of the Token in 2-5 years. Token distribution is as follows:

The market performance of the LORDS Token also proves the effectiveness of the Realms economic model. It has risen far more than the broader market, up 65% in 7 days and 687% in 1 year, showing investors’ strong confidence and interest in it.

Realms uses a dual or multi-Token model, introducing 22 ERC1155 resource Token in addition to the main Token $LORDS. These Tokens are used in the game for various transactions, such as building buildings and rallying armies. Players must weigh the production costs and benefits of different resources, thus avoiding the mere act of resource mining.

Token economy model for LORDS assets

The $ETH obtained by the DAO in Non-fungible Token market transactions has become its stable source of liquid assets. This mechanism reduces the need for DAOs to rely on the sale of $LORDS Tokens, enhancing the sustainability of the overall economy. Through these innovative economic strategies, Realms provides gamers with a gaming environment that is both challenging and balanced.

Learn about the Realms ecosystem, which may imply the iterative logic of full-chain gaming technology

The Realms ecosystem not only encompasses diverse gaming experiences, but also drives the advancement of full-chain gaming technology. The main games in the ecosystem are Loot Survivor and Realms: Eternum. Loot Survivor is a rogue-style survival game where players fight monsters on an expedition and have to choose between fighting and escaping, while assigning experience points to upgrade their stats and extend their survival time. Realms: Eternum is a sandbox strategy simulation game, similar to the Civilization series, that requires players to have at least one Realms in order to participate in the game, in which players need to build a kingdom, organize an army, and manage resources and buildings.

In addition, the Realms ecosystem includes other on-chain games built on its worldview and ecosystem, such as Rising Revenant and Arcane Assembler, which enhance the diversity of the Realms ecosystem.

Originally based on the Non-fungible Token project Loot, Realms had an early attempt to run on Arbitrum but ran into technical challenges. The team found that the Ethereum Virtual Machine and Solidity were not suitable for the needs of the full-chain game ecosystem, so they turned to the Starknet and Cairo programming languages and adopted a modular approach to refactoring the game.

In the world of full-chain gaming, the concept of a game engine is just as important. Traditional game engines such as Unity and Unreal play a central role in graphics rendering, physics simulation, network communication, and more. Similarly, dedicated game engines have emerged in the full-chain gaming space. For example, MUD is a full-chain game engine on the EVM that debuted in 2022 and was officially released by Lattice Studios in November of the same year.

After the release of Cairo 1.0 on Starknet, Realms’ core contributors and other ecosystem developers came up with the idea of developing a full-chain game engine on the Starknet network. This vision came to fruition in February 2023 with the birth of Dojo as Starknet’s native full-chain game engine.

Therefore, Realms is not just a full-chain game on Starknet, it also represents a complete ecosystem that includes multiple games and technological innovations. The Realms ecosystem plays an important role in driving the development and innovation of full-chain gaming technology, showcasing the potential and possibilities of this emerging field.