⏱️Project Overview
The Ultimate Web3 Gaming Store
Last updated
The Ultimate Web3 Gaming Store
Last updated
In 2021, the online game Axie Infinity proved that a new kind of Web3 gaming model—play-to-earn—had the potential to disrupt the entire gaming industry. The model is simple: by combining blockchain, crypto assets, and gaming, it’s possible for gamers to earn crypto assets that can then be converted into fiat currency. After Axie’s success, it didn’t take long for the number of play-to-earn games to skyrocket. That trend has continued until today, with new models being explored such as drive-to-earn, step-to-earn, and think-to-earn.
Low game quality and unproven economic models have so far hindered Web3 gaming. To prepare it for sustainable growth and attract more stakeholders, the immediate problems of high barriers to entry for new players, manual guild management, and lack of actionable insights for investors need to be addressed. The best way to do that is through a unified platform that brings all Web3 gaming stakeholders together in an organised and mutually beneficial manner.
At its core, MetaOne is a comprehensive enabler and force multiplier for Web3 gaming. By combining analytics, guild management, NFT asset management, and investment opportunities into a single platform, MetaOne offers an unparalleled level of transparency and functionality for all of the stakeholders in the ecosystem.
MetaOne is not designed to compete with any one stakeholder, but rather to empower them with data and tools to increase their revenue potential. Specifically, we want to simplify the transition to Web3, provide valuable data-driven insights, ensure NFT assets are handled in “high-assurance” mode, introduce a more equitable revenue-sharing system, empower gamers with AI, and act as the bridge that gives traditional game studios access to the benefits of Web3. This will make us the world's largest Web3 gaming store.
MetaOne is made up of talented individuals across Asia. We bring deep practice experience in traditional game development and publishing, data analytics, and blockchain development. Our investors include Huobi Ventures, Big Success Global Ltd, Sequoia China co-founder Zhang Fan, Arcane Ventures, GSR Capital, DWF Labs, LD Capital, and Cypher Capital.
The foundation of our revenue model is to capture the value running through our smart contracts, including NFT asset leasing and staking, and to charge a membership fee for access to a higher tier of features. Initially, all booked revenue will be denominated in USD stablecoin.
The MetaOne token ($METAONE) is the native token of our ecosystem. It will be launched initially as a BEP-20 token on Binance Chain. Aside from investment, distribution will be handled through an LP bond mechanism. Utility is predicated on incentivising holders to keep their tokens instead of speculating on price movements. This includes staking, access to our premium NFT passes, and governance. The token generation event is planned for Q4 2023.
We have already launched our live platform with 145 game studios, 813 game guilds, 250,000+ gamers, $10,000 in daily revenue, and deployed our asset management smart contracts on 4 chains. The next steps are to raise a pre-TGE funding round in Q3 and begin onboarding Web2 titles through our bridge.