One of the trendiest gaming business concepts that are sweeping the globe is play-to-earn. This game paradigm is driven by blockchain technology and makes use of non-fungible tokens (NFTs) and decentralized finance (DeFi), two of its most well-known verticals.
The increase in digital reliance that occurred during the coronavirus epidemic is one aspect that influenced the popularity of play-to-earn. In actuality, during the epidemic, more time was spent playing video games—by a whopping 39%.
An open economy known as the "play-to-earn" concept enables users to earn cryptocurrency as a reward or income, by just playing games.
The play-to-earn model has just lately begun to push the gaming industry forward. Using non-fungible tokens (NFTs) and blockchain technology, this new paradigm creates actual value from in-game assets and other types of digital products.
This advancement is opening the path for a new digital world that is altering how we interact with games.
Play-to-earn games are revolutionizing the industry by creating ecosystems that benefit developers, players, and craftsmen. This includes not just developing new gaming experiences, but also ensuring that everyone has equitable monetization chances.
Josh Wilson, the Founder, and CEO of Sacred Tails is at the vanguard of this innovation, transforming his life-long vision into new digital realities and contributing to the digital revolution by re-creating true e-sports experiences and lifelong gaming nostalgia in Blockchain.
"We all play games where all of the elements we gain or appreciate are virtually earned on screen, such as awards, currencies, characters, and weaponry, but they are never genuinely ours," Wilson explains.
This same circumstance compelled him to devise a method in which players earn and own all they possess in the game. The play-to-earn business strategy boils down to this.
Josh Wilson's idea of Sacred Tails brings to life how we may view gaming as a way to generate money while having pleasure. Many people spend a lot of time playing video games, but all of that time and effort might be better employed if you can also earn money from it.
This dynamic will be altered by play-to-earn games. "I've been playing games ever since I was a child, and it's always been like that: whatever I see on the screen is fictitious.
So you don't really have the sense that you can own it and sell it," Wilson argues. This prompted him to develop a game in which players may actually control their content.
Instead of promoting NFTs and digital assets as speculative income potential, Sacred Tails intends to foster universal acceptance by the larger gaming community by addressing problems that blockchain technology can solve.
In addition to typical play-to-earn games, Sacred Tails intends to generate alternative sources of income such as tournaments and sponsorships, while also providing opportunities to broadcasters and sponsored players in order to drive survival and sustainability in blockchain gaming.
With its V2 Migration having been done successfully, Sacred Tails labels itself as a game and ecosystem for the community, transitioning into a fully decentralized autonomous ecosystem, by implementing DAO capabilities and functionalities.
Audited by CertiK, Sacred Tails will use its own DAO in the future to allow all holders to vote on features of the game. These ideas will include tournament structures and additional expansions, as well as the sequence in which these items will be implemented.
Holders will have a significant impact on future development advancement by voting on the use of the treasury as specified in the tokenomics.
Staking and reward accumulation is now available, allowing users to earn prizes outside of the game while maintaining the game's totally decentralized element and growing its ecosystem to produce a fully functioning and immersive gaming experience.
The staking guide is available here, and players who stake may be eligible for Legacy NFT mints, which will be utilized to get exclusive access to the game.
Sacred Tails is an NFT MMO blockchain-backed war game, with a beta scheduled for August 28th, 2022. Sacred Tails takes pride in its emphasis on strategy and chance modeling; by incorporating RNG aspects, the game never becomes pay-to-win.
Providing every chance to participants regardless of their financial status. This is how competition should be: a level playing field for everybody.
From the start, the conventional paradigm of the bulk of NFT games has lost all attraction and purpose. Purchase a digital asset, hold it, and watch its value increase. You may buy NFTs and use them to play games. “Although a great improvement, we believed the experience might have been much improved”.
The notion of Shinsei arose as a result of the necessity for players and NFTs to establish a personal relationship with one another. “We recognized the gap and the opportunity it represented, but we didn't want to stop there.
We sought to provide the most unique and creative solution possible: an emotional journey that was both interesting and gratifying from discovery through an exchange”, Wilson mentions as he necessitates the requirement for the separation of gaming from reality and the typical revenue models that have been implemented in staggering P2E games on the blockchain.
Beyond the metaverse, Sacred Tails allows players to engage with one another while enjoying and exploring a completely customized world that they may build as they like.
Shinsei is enigmatic and combative monsters found inside Sacred Tails. You befriend, train, and nurture them as you travel across the numerous meta-worlds of this mystical realm.
Sacred Tails has its own in-game cryptocurrency, $STS, which can be obtained by using its native token, as well as its own distinct collection of NFTs used to play the game, beginning with the one-of-a-kind legacy Shinsei.
The Shinsei, as the playable character in the game, adds a distinct personalization to what Sacred Tails are, and is used as a utility NFT that allows players to earn and be rewarded for their participation in the game.
Prior to the initial beta release, there are 3,000 legacy Shinsei NFTs available for minting, which is the only NFTs that can be purchased without the requirement to breed or trade.
The exclusivity will reward early adopters while also giving them the potential to extend the game's longevity and sustainability.
Legacy Shinsei may be obtained by staking the Sacred Tails Token, or simply by receiving an exclusive whitelist through the ecosystem’s social groups.
The first six elements will be made public and available for minting: Sky, Sun, Ocean, Nature, Light, and Dark. There are 500 of each elemental type available in legacy format.
We will release the other six elemental types (Mecha, Snow, Cursed, Earth, Dreamer, and Volt) in the months following the game's release, with the remaining 3,000 Legacy Shinsei accessible to mint in their respective elements and denominations.
By taking part in the NFT mint, you will have access to a special Beta where you will be able to face other players in-game with your Shinsei. Although Shinsei can be bred, the first offerings are a unique class known as Legacy Shinsei.
To honor early adopters, they will provide access to unique Legacy Tournaments and other benefits.
Sacred Tails is only one of the ecosystems that have completely embraced the Metaverse. With this new development in the gaming industry, we may expect to see more opportunities for customers to explore. Wilson says:
"I genuinely believe that the public and the broader population are beginning to recognize that there is actually an avenue here for everyone. This includes what I call the next digital industrial revolution, which will most likely bring more livelihood into meta worlds.”
Because of the early deployment of our Metaverse worlds, the Sacred Tails ecosystem will garner more attention than other initiatives. As a result, there will be increased interaction and a dedicated following, both of which are required to drive the trade and exchange of the $ST token.
Sacred Tails will continue to boost the circulation of assets in order to develop a healthy gaming economy and preserve the game's balance and durability.
Sacred Tails' whole foundation was developed with the goal of delivering an immensely addictive and intimate touch with the in-game settings, allowing for a plethora of different pursuits and minigames. Customizing your own Shinsei and Land plots makes the game feel even more immersive.
The open-world system's endless possibilities enable us to consistently supply fresh material to patrons by collaborating with the relevant sponsors and exposure routes. The capital raised will be used to build, improve, and maintain the ST game space.
This, together with the sheer determination of our development team, ensures that the platform will continue to provide fascinating and ever-changing experiences, keeping the game lively and interesting throughout time.
Wilson views blockchain gaming's future in a larger framework. "I am convinced that most games will migrate to Web3," he continues, emphasizing that the benefits of the new paradigm, which is "giving power back to the users," are so many that it is a necessary upgrade due to market demand.
Web3 gaming suggests that "consumers have a choice," in contrast to most commercial games, where players are frequently unable to sell in-game items or monetize their achievements.