Morning Moon Village, The First GameFi on Bitkub Chain
Introduction
Marketeer Online estimates that Thailand’s digital content market is valued at more than 42 billion baht, including the gaming industry, which is worth more than 37 billion baht. Although consumer imports amount to up to 36 billion baht, this highlights the fact that consumers continue to rely on foreign-developed technologies.
However, GameFi has received a lot of buzzes and has already become a catchphrase among Thais. The term GameFi is derived from the words “game” and “decentralized finance” (DeFi), which alludes to a centralized financial system in which players can transact using blockchain technology and truly own in-game assets without the involvement of an intermediary.
Morning Moon Village is the first GameFi on the Bitkub Chain that combines a farming game and resource exploration by utilizing the Defi Yield Farming technology to create a game in which players will learn how to be Yield Farmers and receive rewards in the form of digital tokens.
Bitkub Chain intends to be the Thai blockchain ecosystem’s infrastructure, allowing anyone to interact with decentralized applications or digital assets for a low transaction fee, rapid confirmation time, and transparency.
Bitkub Chain Platform & Function (NFT Solution)
The Morning Moon Village game was developed and designed to function with blockchain technology that can efficiently connect to the Bitkub Chain platform including:
- Bitkub NEXT — To play Morning Moon Village, players must first create a Bitkub NEXT account before clicking the “Play” button on the website morningmoonvillage.com. The system will be linked to the Bitkub NEXT wallet and will be allowed to play the game instantly. In-game items will be stored in the form of NFTs in Bitkub NEXT, allowing users to trade, or exchange items with one another or use items to craft additional in-game assets.
- Dropzone — Morning Moon Village is our first Dropzone project, where users can bring KUB Coins to lock on the platform and receive an Airdrop as an item in the game (Carrot Seed). Dropzone’s approach is capable of distributing rewards to users in proportion to the quantity of KUB Coins locked on the Bitkub Chain, with no limit on the number of participants.
- Bitkub NFT — Players can redeem KUB Coins for new NFT collections, such as a BitToon fishing rod, which can be used to purchase in-game items that can be traded, exchanged, or crafted to enhance the experience of playing further.
Business Impact
Morning Moon Village is a GameFi designed and capable of connecting with blockchain and NFT on Bitkub Chain in order to attract Play-to-Earn players.
The Bitkub team and partners have collaborated on marketing and public relations campaigns, and there is a team of business developers ready to help with the development of new products. Morning Moon Village currently has a market cap value of up to 100 million baht (reference as of 30 January 2023) and a value of exchanged assets of more than 32 million baht, divided into more than 7,000 active users per day (from a total of 20,000 players) and a number of more than 54,000 communities, making Morning Moon Village GameFi with the highest rate of Daily Active Users in Thailand.
This NFT Solution, based on the cross-NFT mechanism, is excellent for gaming companies who wish to reach new client segments and differentiate their game from others. When appropriately implemented, the NFT mechanic has the potential to increase player engagement significantly.
If you would like to implement NFT Solution for your project, please contact us for more details. Bitkub Chain’s platform and tools are designed to be secure, convenient, and appropriate for users.
Contact for more detail: business.bbt@bitkub.com
