Blockchain games have long been heralded as one of the key on-ramps into the cryptocurrency and decentralized finance (DeFi) space — thanks to their immediate accessibility, entertainment value, and potential to disrupt the gaming industry.
Until only recently, most of these games have been anything but ambitious and lacked long-term entertainment value. Indeed, most would be considered mini-games or MVPs by regular gaming industry standards.
But MetaWars, a new space exploration, conquest, and battle game, is looking to break that mold by providing a gameplay experience that rewards its players in digital assets for their success and achievements.
Join us in showcasing the cryptocurrency revolution, one newsletter at a time. Subscribe now to get daily news and market updates right to your inbox, along with our millions of other subscribers (that’s right, millions love us!) — what are you waiting for?
What Is MetaWars (WARS)?
MetaWars is an upcoming multiplayer strategy and roleplaying game that leverages blockchain technology to power a player-owned and operated in-game economy that spans across an entire digital universe.
The game takes the form of an epic space adventure that sees players explore a largely uncharted universe filled with mysteries, surprises, and potentially valuable loot just waiting to be discovered.
Set in the 50th century, MetaWars features an ultra-modern aesthetic designed to represent a vision of humanity’s accomplishments and evolution after three millennia of both progress and tension.
As a play-to-earn game, MetaWars provides players with a range of avenues to monetize their gaming experience, such as by defeating enemies in PvP and PvE battle, earning and trading NFTs, mining and developing their terrain, and staking their in-game assets.
The platform has its own native utility token, known as $WARS. The token plays a variety of key roles in the MetaWars game and economy, being used to participate in auctions, govern the game, buy insurance, for staking, and more.
How Does MetaWars Work?
MetaWars is a decentralized application (DApp) slated to launch on the Binance Smart Chain (BSC) blockchain. Like most blockchain games, players will be able to access MetaWars and its features through a standard web browser and Web3 wallet (such as MetaMask).
Players will be sent voyaging across the universe thanks to the game’s story mode, which will gradually unfold across numerous alliance missions. This might include helping to defend the alliance, helping with the construction of starports and spacecraft, and exploring uncharted space sectors.
Each major planet will be separated into separate chunks, each known as terrain. Players can purchase and develop their terrain to earn revenue through mining, farming, and renting, but will need to protect their assets from other players looking to plunder their resources. The more terrain a player has on a planet, the greater their chance of becoming the planet’s primary owner.
MetaWars features three main gameplay mechanics, these are:
Combat: As a tactical exploration and battle game, players will encounter a range of threats as they travel across the MetaWars universe. This will inevitably lead them into both PvP and PvE battles, which will prove to be a rewarding experience for the victors.
Exploration: MetaWars features a vast universe filled with potential riches to explore. As the story unfolds, players will be able to explore a universe teeming with opportunity and danger.
Development: Players will be able to build thriving industries across the MetaWars universe, helping them monetize their conquests and efforts and form part of the broader, complex MetaWars, player-to-player industry mechanic. As players progress through the game, they will acquire and upgrade their fleet of ships, buy and develop their terrain, and make use of the marketplace to sell or acquire in-game assets.
The game features a two-token economy, comprised of the aforementioned $WARS token, as well as a secondary token known as Gamma ($GAM). $GAM is used to power much of the game’s play-to-earn functionality, being the primary reward token for most of its gameplay mechanics. $GAM is also used to pay for upgrades and several other features, which can be earned by staking $WARS. Both tokens are BEP-20 assets deployed on Binance Smart Chain.
Beyond this, most in-game assets are represented on the blockchain as non-fungible tokens (NFTs). This includes avatars, ship components, terrain, skins, and more.
According to the official project roadmap, the first version of the MetaWars DApp is scheduled to launch in Q4 2021. Likewise, the $WARS staking feature and a demo version of the game are projected to launch by year-end. Other near-term goals on the MetaWars roadmap include delivering the NFT marketplace, adding new player roles and PvE scenarios, and introducing PvP gameplay.
MetaWars will conclude its initial DEX offerings (IDOs) on October 27, 2021, following which it will undergo its token generation event (TGE) and list on the BSC-based decentralized exchange PancakeSwap.
What Makes MetaWars Unique?
MetaWars joins the growing number of blockchain-based games that look to provide not only an enjoyable gameplay experience but also a potentially profitable one. It achieves this by incorporating a carefully balanced, player-driven economy with a sustainable reward system that incentivizes players to interact with the game and develop their NFT collection.
Beyond this, MetaWars boasts a number of features that help separate it from the competition:
Low Initial Market Capitalization
In order to bootstrap the community and ensure that MetaWars is accessible to early players and play-to-earn enthusiasts, the $WARS token will launch with a market cap of just $423,000. To put this into perspective, its closest competitors — Star Atlas and The Sandbox — currently have market caps of $190 million and $700 million, respectively.
As a play-to-earn game, players will be able to earn real-world revenue by simply progressing through the game’s story or engaging in the more in-depth elements of the game — such as building and developing their terrain, invading other players’ territory, farming for resources, upgrading their equipment, and buying/selling items through the Metawars NFT marketplace.
A total of 26.86% of the WARS token supply is allocated to the ecosystem rewards fund, which is allocated as rewards for in-game efforts, staking yields, bonuses, incentives, and more.
MetaWars is governed by the players through the $WARS token. Players will be able to submit and vote on governance proposals that help shape the development of the game, modify the way it operates, and adjust how its play-to-earn mechanics work. The size of a user’s voting power will be directly proportional to the number of WARS tokens they have staked.
Deep Upgrade System
As a competitive game that features both PvP and PvE battle elements, MetaWars includes a number of ways to rank up and upgrade the capabilities of the equipment, ships, and constructions. By carefully allocating resources towards building the optimal fleet and homesteads, players can maximize their play-to-earn rewards and become the dominators of the universe.
Play-to-Earn in Five Steps
Play-to-earn games are a rapidly blossoming sector in the blockchain space and are arguably one of the best ways to gain exposure to the unique properties and benefits of digital assets like cryptocurrencies and NFTs.
If you’re looking to get up to speed on the P2E space and its major platforms, here’s how you can start:
This article contains links to third-party websites or other content for information purposes only (“Third-Party Sites”). The Third-Party Sites are not under the control of CoinMarketCap, and CoinMarketCap is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site. CoinMarketCap is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement, approval or recommendation by CoinMarketCap of the site or any association with its operators. This article is intended to be used and must be used for informational purposes only. It is important to do your own research and analysis before making any material decisions related to any of the products or services described. This article is not intended as, and shall not be construed as, financial advice. The views and opinions expressed in this article are the author’s [company’s] own and do not necessarily reflect those of CoinMarketCap. CoinMarketCap is not responsible for the success or authenticity of any project, we aim to act as a neutral informational resource for end-users.