Mar 26, 2022
Apexaverse- a decentralized hub for GameFi, NFTs, Metaverse, and Web 3.0
The global Metaverse market size reached $48 billion in 2020, reaching $800 billion by 2025. The total Metaverse market size may reach 2.7x that of just gaming software, services, and advertising revenue.
BLOCKCHAIN-BASED P2E (Play-to-Earn) gaming industry has gained strong interest from investors, reining in US$4.8 billion in investments last year. 2021 has also ushered in a new era of non-fungible tokens (NFTs) and play-to-earn (P2E) games. (Source: BusinessTimes)
What is P2E?
The idea is simple: play the game and be rewarded with cryptocurrencies. To break it down even further, players are rewarded with in-game tokens for performing tasks such as battling other opponents, farming their land, or breeding new characters to sell. However, unlike conventional games where these tokens are trapped in a virtual world, there is an option to cash out these digital tokens as real-world money.
GameFi has amassed to become a multi-billion dollar industry quickly. However, directionally, the industry is youthful and fragmented. GameFi pulls together aspects from emerging blockchain verticals, such as decentralized finance (or Defi), NFTs, and decentralized gaming. These tools allow for a level of depth that supersedes that seen in traditional gaming. NFTs, for example, has been a pillar of GameFi, serving primarily as game characters or in-game assets. DappRadar data shows that NFT trading volumes in the past year have grown in the multiples of hundreds: from just $100M in 2020 to $23B last year. In the GameFi and play-to-earn landscape, these NFTs can be utilized to generate profits through engagement in games. (Source: Entrepreneur)
Here comes Apexaverse - an ecosystem of products and services that will create an immersive and competitive world for decentralized gaming based on Cardano blockchain technology.
Apexaverse is capitalizing on this gaming landscape by incorporating a blockchain-based experience to the metaverse, joining play-to-earn functionality with the NFT collection. It is a decentralized P2E game built on the Cardano Blockchain. We will make it available as a Browser-Based Game and an Android/iOS app where players can compete in different worlds and realms, earning collectibles as Non-Fungible Tokens (NFTs) along the way.
Why Cardano?
We chose Cardano as the underlying blockchain for Apexaverse because it is the fastest-growing ecosystem in the crypto world in 2021. The Ouroboros protocol is a pure proof-of-stake consensus protocol that privately and randomly selects stake pool leaders proportionally to their stakes (amounts of ADA currency) to generate new blocks. This very innovative system offers the same level of security as the Bitcoin proof-of-work protocol while being more scalable & energy efficient.
Apexaverse platform will be powered by its utility token $AXV. $AXV token will be used as the medium of exchange within the metaverse. It will be used to buy, sell, trade, and modify in-game assets. In addition, $AXV will be used as points of entry for various areas of the metaverse, for accessing areas and quests, for any in-game item, and to level up. It is a digital currency for the virtual world.
AXV token will be used to ensure the sustainability of the whole ecosystem and especially Apexaverse GameHub Launchpad at first.
The platform will be designed to have numerous streams of income, for example, the GameHubs, Staking Platform, NFT Marketplace, and so on.
Gaming Experience
The Apexaverse Metaverse is an interactive 3D universe with the freedom to explore different virtual worlds and realms, containing multiple quests and games within itself. It can instead best be described as a hub for virtual social interaction and expression, and trading and collecting
assets within a digital economy.
The Apexaverse Metaverse will be centered around P2E gaming. There is no limit to what can be included and holders of the $AXV token can vote on new games, updates, and developments. The metaverse provides a portal to connect to multiple games, quests, realms, and adventures which can be embarked on alone or with others. For example, exploring new lands, engaging in combat with other players, completing quests and missions, or trading NFTs in the marketplace.
Each of the characters has unique skills and items that only the selected class can hold.
Players can also chat with each other on the chatbox and when in the group, they can use discord to have voice communication for the teamwork to kill the opponent.
We are Different
We are not leaving anyone behind, other users who might not be interested in the game can be able to Bet for their favorite players and earn tokens. Each upcoming combat between two players will be announced on all our social media platforms, this will enable holders of our token to be able to place a bet ($AXV). The winner takes all!
Also, we will create a platform where existing games can partner with us to enable their users to earn real currency while playing their games.
About Apexaverse
Apexaverse sits at the intersection of the Metaverse, web 3.0, and NFTs, creating a diverse and dynamic ecosystem that is always interactive and interacting, allowing players to explore, combat, cooperate and build their skills. While profiting from it.
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