What is Rise of Elves?
The rise of blockchain games has turned the tables on the gaming industry by making players, and not developers, the main financial decision-makers. Play-to-earn (P2E) crypto gaming is a trend that shouldn’t be overlooked. But before we get into the details, it’s worth understanding how it all works. — (quote from “Best Blockchain Games” — (blog by https://sensoriumxr.com/)
What is Rise of Elves?
The game is filled with fearsome and interesting creatures known as Elves. Elves may be fought, gathered, and even used to generate real-world cash.
Rise of Elves as an NFT Blockchain game
The game runs on the Polygon sidechain, a sidechain allowing for speedy transactions and low fees. It’s primarily focused use of Elves to attack other players or participate in different activities wherein winners and participants will get cryptocurrency as a prize.
To play the game a player needs an NFT. In Rise of Elves, an Elf is represented by NFT or Non-Fungible Tokens. In turn, owning an Elf NFT bestow ownership to the buyer or player of the Rise of Elves.
How does Rise of Elves work?
Rise of Elves is built around as an NFT game. There is a need to buy the Elf NFT in its marketplace. — For the meantime, as of writing of this blog — the game is in closed beta test and discord members can play the beta and receive free beta elf and egg to feel and enjoy the game. Once the game is live, an Elf can be purchase with the use of MATIC a governing token of Polygon network.
The discord link https://discord.gg/VzBk3KkHgX will let you be in the community of Rise of Elves and know more about the game.
A Play to Earn Game
Play-to-earn games uses cryptocurrency to reward players with something that has actual — as well as virtual — worth.(https://www.thesun.co.uk/tech/17534658/play-to-earn-games-money/)
On its whitepaper of Rise of Elves emphasized why they have chosen to use the Play to Earn mechanic for the following reasons:
- Games need players. By playing games, players will also increase the value to the overall community, and this should be rewarded.
- The ecosystem of Rise of Elves is diverse, exploring various unknowns and challenges in this world like a new adventure, and the one who holds ROE coins will become the decision-maker to determine the direction and own this brand new ecosystem.
- In the past games like MMORPG, the resources or rare items which were been produced does not belong to players and cannot be traded or exchanged easily. However, through the characteristics of the blockchain and the design of Play to Earn, it will be subverted. We are now looking for players who have the same vision to share the result by playing games.
The purpose of Play to Earn is to entice players who wish to earn big prizes to join the Rise of Elves ecosystem, and to give the most active community members ownership and stake in the whole ecosystem.
They will distribute ROE coins as a reward for some key activities by using the Play to Earn mechanic, such as:
- Compete and win in the arena,
- Top the tournament,
- Use the Rise of Elves official marketplace, and
- Evolve Elves.
The allocation of Play to Earn can be thought of as the marketing budget of the Rise of Elves ecosystem. When there is a new game mode or product that is ready to be rolled out, the proportion of these Play to Earn could be increased.
The allocations will be determined over time by the holder of ROE coins. ROE coins earned through Play to Earn distributions are immediately tradable, but the development team will be monitoring the situation closely to determine if the reward needs to be locked.
Final Thoughts
Play-to-earn is still in early start and already emerging as a leading niche in gaming.
To quote an article from World Economic Forum, “We make the case that it has the potential to change how people interact with and perceive traditional socioeconomic structures like financial institutions, marketplaces, and governments. This is because play-to-earn games provide a proof of concept for a self-sovereign financial system, an open creator economy, and universal digital representation and ownership that lend themselves to a wide variety of emerging digital environments and forms of value creation.”
With this a play to earn game like Rise of Elves will need to pass the test of popularity, create value for the gaming market economically as well as socially, and lastly deliver lasting rewards for its community.
Source:
https://whitepaper.riseofelves.com/economy/play-to-earn
Disclaimer: This blog is for general educational purposes only. The information provided herein does not constitute advice for investment or trading recommendations. Please seek professional advice before taking financial risks.
About the author
Brayan Nelson is a hobby writer and currently a university lecturer while being an intern in Elemints NFT project and a general moderator in Rise of Elves Discord server. On Medium, he writes about his journey of connection and education in Crypto, NFT, and the Metaverse. Subscribe to his newsletter to be the first to read his blog story. You can also reach out to him via e-mail at bnelsonsep3@gmail.com
https://www.linkedin.com/in/bnelsonsep3
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