Intraverse is a Play-to-Earn 3D game, planned to be realized before any token or NFTs creation (exactly the opposite of what other play-to-earn games did till today). We took this decision aiming to prove our commitment to the community first, showing a playable metaverse even before raising funds.
Our mission is to create a community-owned & decentralized Metaverse where players can build, own and monetize their gaming experiences using the platform’s utility token INTRA.
Intraverse is introducing 2 new concepts in blockchain and gaming industry: Proof of Gaming and Initial Game Offering.
The token will be minted during the game play so the consensus mechanism is Proof of Gaming. Proof of Gaming (PoG) is going to be solely based on the gamer’s individual skills level and the number of hours a game has been played for.
This means that the players who play the game more and dedicate more time will earn more.
This consensus mechanism is more energy-efficient than proof-of-work because it can be utilized without powerful graphics processing units. Better still, Ulti Arena also claims that it is fairer than proof-of-stake, which is about to be embraced by the Ethereum blockchain. Whereas PoS favors nodes that have the most significant stake in a network, PoG will be solely based on the number of hours a game has been played for — and the gamer’s individual skill level.
The initial token will be distributed to the users who play the game, we have called this distribution mechanism Initial Game Offering, which is a substitute of ICO (Initial Coin Offering). In this way we will also attract gamers rather than just VC and investors.
Unlike other projects, we won’t ask for money from the players; we make them earn the tokens while playing and having fun..
We don’t want to sell the dreams and we want to create the game together with the community. So initially we will give the tokens and NFTs to the players directly.
We believe gamers need to have control of the Play-to-Earn games/metaverse and should not be controlled by VCs and Investors in order to give complete freedom of expression and make them decide how the game should evolve.
Why have we chosen to adopt the Initial Game Offering and Proof of Gaming
The Game cryptocurrency is called INTRA.
The INTRA TOKEN is the main utility token. It is used for value transfer as well as staking and governance.
There is a total supply of 1,000,000,000 INTRAs.
The Token Utilities are:
We are going to make a true Decentralized Autonomous Organization (DAO) where the players have the full power of the game and take the most benefit.
Adopting the Proof of Gaming and Initial Game offering are the first steps through our ambition.
Above you can see how the DAO will operate.
The game will generate revenue from the following streams:
The revenue will fo to treasury and the foundation
On top of the Layer 1 there will be created NFTs which are in 2 main categories:
INTRAVERSE LANDs ECOSYSTEM
The Intraverse land ecosystem is composed of a finite number of lands in which the amount will be defined.
The first 3 IGOs will be released on the first 3 lands which belong to the Intraverse Foundation.
INTRAVERSE GAMEPLAY ECOSYSTEM
Intraverse ecosystem will contains two main gameplays:
The initial gaming offering is a mechanism in which we will distribute the initial INTRA tokens among the players. In total there will be 5% of total supply equal to 50,000,000 tokens.
1st INITIAL GAME OFFERING STORY:
Experts believe the metaverse always existed, and most importantly the Intraverse was always with us in our deepest subconscious, indeed it’s a place that exist only in our minds. The first IGO was meant to make the players to discover the Intraverse, but suddently, due to the fact that the Intraverse has been expanding outward at very high speed, the character spaceship gets hit during his journey by a foreign item floating through the Intraverse nebulas. Since then, the players are forced to an emergency landing on the closest planet available: The Apocalypse-Verse. It’s supposed you to survive to this planet, that proliferates of zombies and odd events. The character will have to survive to different missions in order to get the essentials, like food and energy, to survive and fix the spaceship to leave this weird planet.
Catastrophic events and strange happenings will accompany our hero in this adventure, only his courage and skills will make possible to escape death, returning to the Intraverse on the mother ship.
With surprise, however, the player will also find a hefty reward for the efforts made and if will try hard it will be possible to bring home much more than just a loot.
What are you waiting for? Accept the challenge and find out all the secrets of the first Verse of Intraverse.
In order to create a fully Decentralized Autonomous Organization, 51% of the tokens will be rewarded to the community by Proof of Gaming. 5% in the 3 IGOs and 46% through the main gameplay rewards.
The gaming industry marked another year of record revenue in 2021, according to Newzoo, reaching $180.3 billion. The gaming industry is already bigger than Hollywood. The growth rate of the gaming industry from 2006 (USD 8 billion) to 2021 (USD 180 billion) is higher than that of all other entertainment industries. The only other entertainment sector competing with the gaming industry is the television industry.
In the blockchain universe, 2021 would most likely be known as the year when non-fungible tokens (NFTs) were introduced to the masses as the trading volume crossed $23 billion — 230X growth from just $100 million in 2020, according to a report by decentralized application discovery and analysis platform DappRadar.
Looking at the Gaming industry, there are 3 main issues:
Besides the super growth of the NFTs market still, there are some challenges which the market needs to overcome:
Combining the Gaming and NFTs, the issues mentioned above can be resolved mainly ( Digital Asset ownership and interoperability, direct earning & give back to the community in Gaming and low adoption, flexing & low usability in NFTs)
NFTs are digital assets with proof of ownership to fit perfectly in the digital worlds where we have our digital dimension, and this space now is inside the Games/Metaverse where people have their avatar or digital twins.
Combining the Gaming and NFTs will allow:
Connecting the gaming assets to blockchain will transform all the assets in NFTs. This will give full power and freedom to the gamers to decide what to do with the digital items: use in the game, rent to other users, take out of the gaming ecosystem and sell them on other platforms.
Precisely like real-life assets, which the owner decides what to do with them
e.g. if I buy sneakers from Nike, they cannot tell me where to use it; however, if I buy that sneaker inside the Fortnite for my avatar, I can use it only in the Fortnite and cannot sell it anymore. However, if the digital assets are NFTs written with the smart contract on the blockchain, the owner will have full power.
The blockchain game will have a cryptocurrency token that gives the token holders governance power. So, in this case, there won’t be a centralized authority who decides about the game, but the community will be the decision-maker and decide about the game’s future development.
The assets in NFTs and the game cryptocurrency will let the players/ community earn while they play and enjoy. So this is a new paradigm for the whole gaming industry in which the players won’t just play for pure entertainment, but they can earn while playing their favorite game.
Looking at the evolution of the gaming industry, we see 3 different models:
The player for playing the games needs to pay for the disc and the console and then start to play, and this was the primary revenue stream for the publishers.
At the beginning of the 2010s, with the rise of mobile gaming, the gaming industry went through a shift in the business model where the games as themselves are free; however, the publisher try to make money by selling some stuff in the game or by advertising
This new model, which is born by integrating blockchain in the gaming industry, will let the players earn while playing the game.
4 main different aspects distinguish the Decentralized and Centralized Gaming: