Solana-based play-to-earn metaverse challenges the market

The Solana ecosystem based gameplay, and Wizard NFTs GameFi projects must change the narrative around the play-to-earn model’s reliance on short-term incentives to ensure their longevity.

Many decentralized finance (DeFi) projects have emerged to provide earning opportunities to existing gamers. Unfortunately, the promise of profit alone is not enough to encourage long-term gameplay, especially as the market becomes more saturated. Players are looking for lore and complex storylines with a rich history, character, and setting that a community can rally around. Otherwise, they risk becoming one of the blockchain games overrun by automated bots designed solely to syphon money from these gaming projects.

Storylines, on the other hand, are essential to the immersive elements of gameplay, allowing players to lose themselves in the journey, just as they would in a movie, book, or traditional video game. As a result, new projects that capture attention and build diehard players must follow this example, crafting the story first and incorporating play-to-earn (P2E) mechanics second.

Wizardia is a game that attempts to change the narrative. According to one of their team members, “Without simply disparaging the GameFi space en masse – after all, it alone was responsible for 50% of active wallets in the DeFi space at the end of 2021 – developers must learn from previous mistakes and build solutions to overcome them.” Wizardia intends to accomplish this by developing a game that will stand the test of time and entice players regardless of monetary incentives.”

Recognizing this market gap, Wizardia has emerged to change the narrative of new GameFi trends by utilizing so-called “clickbaity” short-term incentives to attract users. Instead, the platform relies on their game, creating a carefully crafted game world that will entertain even during a market downturn. This is due in part to the team’s experience working on Triple-A games such as Call of Duty: Black Ops: Cold War, Titanfall 2, and Need for Speed 2015.

Reversing the trend

To complete this mission, Wizardia leads players through the limitless expanse of the Fog, where safe havens have developed on the few pieces of land that have escaped the unknown. Players then interact with the game via a large graph-based map of continents, where they can try to rule by exploring natural resources, building defences, and learning how to improve their strategy.

The storyline is brought to life even more with the careful attention to detail in the striking art. Wizardia’s team expresses gratitude for having found a supportive team that can conceptualise the game’s intricacies, thereby improving the project’s gameplay.

It is true that not all ecosystem participants will be interested in the storyline as much as they will be interested in earning opportunities. As a result, the team has enabled continued development by making Arena Genesis NFTs available, which generate royalties from the game without ever having to invade the world of Wizardia itself. This advancement ensures that only the most dedicated gamers will be able to participate in gameplay.

Those who define themselves as passionate gamers, on the other hand, face fewer barriers to entry when participating in Wizardia because there is no buy-in fee for new players to begin participating. Instead, the NFT-based economy that exists with Wizard avatars at its core can be levelled up to improve their player-character through successful gameplay. Successful players may choose to rent out their NFTs in the future.

A thriving community

In the last six months, the project’s private round has been 90 percent filled, its seed round has been closed in less than a week, and the community has grown to over 233 000 members. Wizardia has already reported that over 2000 Arena Genesis NFTs have been sold, with more than 60 KOLs and a group of well-known advisors on board.

It is only fitting that the focus this year will be on similar metrics, with goals to expand the game’s community base to 500,000 users alongside the unveiling of some of the key features, each of which will be released in staggered phases, beginning with the Battle Arena and concluding with VR and AR integration. Users can also expect initial exchange offerings (IEO) and initial decentralized exchange offerings (IDO) of the game’s tokens to be made available for use.

Disclaimer: These are the writer’s opinions and should not be considered investment advice. Readers should do their own research.

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