The popularity of blockchain-based gaming has been skyrocketing in the past year as more and more projects attempt to provide the ultimate experience.
While traditional gaming focuses solely on entertainment, blockchain games also attempt to integrate an earning mechanism where players can enjoy the best of both worlds. This is, perhaps, the main reason why the concept of play-to-earn came to prominence and captured the market’s attention.
M3 Games introduces a new Web3 platform where the emphasis is on traditional gaming, combined with metaverse technology and cryptocurrency, in a way that’s beneficial for its players and its creators.
What are M3 Games?
M3 Games introduces a different ideology that allows its platform to facilitate multifaceted functionalities, such as allowing the interaction of game components between the individual metaverses.
In simpler terms, this would allow for characters within one game on the platform to function as NFTs and then be ported to another game. This is designed to substantially elevate and transition the gaming experience.
At the time of this writing, the only game available on the platform is called Sweet Clashed, but another game called God of Gods is soon to be released. This would essentially allow for entirely new experiences, such as Sweet Clash versus God of Gods.
The Sweet Clash trailer can be seen here:
M3 Games Economics
In a specifically designed marketplace, users of the platform can get their NFTs by either transforming game cards they’ve collected at a price or by purchasing them.
These non-fungible tokens can then be sold, held, or loaned to other gamers to earn a reward. They can also be used in creating other games within the M3 Games ecosystem, creating an entire industry for digital properties within the ecosystem.
NFT owners are also able to earn passive income through a reflection of 30% of the game profit, which is then paid for the NFTs they hold. However, to properly prevent whales from abusing the system, the reflection paid on NFTs is going to decline as the number of NFTs in their wallets increases.
In terms of tokenomics, there are two native tokens to consider – the M3 token and the Meta Golden Rabbit token. M3 is purchased at 1 euro for 1 token, and this is the currency used to obtain NFTs, register for tournaments, and earn rewards.
On the other hand, the MGR token is received from converting Golden Rabbits off-chain.
M3 Games Inclusivity
The ecosystem is designed in a way to provides value for different participants. For example, gamers are able to select the games they want to play and use their preferred crypto assets and NFTs. They can also earn rewards based on their performance and the NFTs they collect.
Game developers are allowed to create various games using the graphical intellectual property with a community that’s already existing. This essentially reduces the marketing costs and provides additional value.
Artists, on the other hand, are able to kickstart their design journey instead of having to learn from scratch because they can collect fees from every creation they’re able to sell.
More information about the project, in general, can be found on their official Discord.
The official minting date for the project is November 4th at 16:00 UTC+1.
The post M3 Games: Pioneering Play to Earn Gaming and the Metaverse appeared first on CryptoPotato.