Future Venture
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Future Venture

Mechachain IDO Announcement

Transformers meets Beyblades meets play-to-earn

Highlights

  • Fully customisable, NFT-based P2E fighting game
  • Incredible working product, built around their community
  • Rewards skilled players, and those that contribute most to the ecosystem
  • Innovative building of revenue streams through planets and virtual land

Introduction

Robots. Exchangeable Parts. Play to Earn. What’s not to like? If your childhood was anything like ours (and maybe we are showing our age here) you probably played the game Beyblades. Beyblades were incredibly addictive, you would try and build your ultimate weapon, you’d meet up with a couple of friends pull out your arena, pull the cord, and see who won.

This may seem like a childish analogy, but it’s interesting to dissect the fundamentals of what makes a good game. Firstly, with Beyblades — you felt a sense of ownership. Your Beyblade was yours, you could customise it as you like, you could tweak its parts, experiment with different ones and see what works for you. Because of this ownership, there was a certain amount of bragging right that went with the toy, just like the kid on the playground who had the best conkers, you could rub it into your oppositions face that you were the king, you knew what was good, and they didn’t have a clue.

Unfortunately, the ownership element of play has been lost in the digital age. Our avatars, characters, weapons, loot and anything else we acquire through the world of online gaming don’t belong to us, they belong to the video game producer.

Mechachain aim to bring the aspects of building fun, addictive advanced technology unlocks, while still retaining the play-to-earn elements we’ve come to know and love with Web3 gaming projects.

Product

One thing we love about the Mechachain project is that it’s been built — from the ground up — with it’s community. At every stage of development those who are going to be using the product have had their say, helping shape their MVP into one of the best we’ve seen.

For their beta version, Mechachain have focused on a few core features

  • Customization of your Mecha in the workshop
  • Mecha battles
  • NFT marketplace
  • Galactic conquest on the MechaChain console

The workshop allows the combination of 3D NFT’s to create your ultimate mecha. All these NFTs are have been meticulously crafted by a team of 3D artists. Each of the 8 NFTs that make up a mecha, affect the statistics such as the attack and defence.

The mecha battles are skill-based. The stats of the mecha you use will of course influence the outcome, but it’s completely possible for a mecha of less favourable stats to beat a higher-ranked opponent. You need to have skill to win! Winning battles will result in rewards being dropped, rewards that will generate you real income.

All NFTs that make up a mecha will be freely tradeable on the NFT marketplace. Holders of potentially precious items will be able to profit from being patient, while gamers who yield rewards from their victories will be able to sell their loot.

Problem

The key problem Mechachain exist to solve is to help skilled gamers capitalise on the hours they spend mastering their craft. Every day thousands of hours are pushed into games like world of warcraft, Fortnite and others. Unless you are a streamer, or in the top echelon of gamers who can win competitions it’s pretty much impossible to earn a living (or even some walking around money) gaming.

It’s easy to accept this as a given ‘well it’s just a game, it shouldn’t need to produce you income, you do it for fun’. At Lithium, we think this is a rather backward way of looking at gaming. At the end of the day, gamers put in energy and skill to produce an output that somebody is willing to pay for, this is literally the definition of productivity.

We are sure that the play-to-earn space will be the quickest growing element of crypto, and ultimately will be what opens it up to the masses.

Market Size

A rising tide lifts all ships

The Mechachain project aims to tap into three sectors that are growing at incredible rates.

  • E-Sports — The industry has seen a huge increase of investors, most recently private equity firms. The number of e-sports investments doubled in 2018, from 34 in 2017 to 68 in 2018, according to Deloitte. This is also reflected in the total dollars invested: Investments rose to $4.5 billion in 2018, up from just $490 million the year before, an astounding annual growth rate of 837 percent, according to Deloitte. Those investments are distributed to the members of the ecosystem — from e-sports organizations to tournament operators to digital broadcasters — allowing it to operate and grow.
  • The Mecha World — The fascination for the creation of robots is increasing, whether they are piloted or totally autonomous. Colossal box office successes speak for themselves: Pacific Rim with $411 million. I-robot with $347.2 million. $404 million for Alita. $1.124 billion for Transformers 3.
  • Play-to-earn — The growing embracement of cryptocurrency as well as the advent of NFTs is now giving birth to some incredible concepts. There is no longer need to be a “pro gamer” who aims for excellence, speed and quickness to earn a living from a play-to-earn game. A smart player will be able to generate an income in other types of games, in which performance is not synonymous with results, as long as the game has a solid and structured economy. The player earns valuable NFTs and cryptocurrency by exploring, selling, trading or being a sharp strategist. Projects such as Star Atlas, Axie Infinity and Sandbox have passed marketcaps in the billions of dollars.

Business Model

The complete business model of Mechachain is too complex to cover in this summary article, instead, we recommend checking this section on their whitepaper

This diagram below does a great job of showing just how extensive the $MECHA infrastructure is.

Team

The MechaChain team is composed of experienced entrepreneurs:

  • Roman Czerny
  • Frank Houbre
  • Maxime Le Morillon
  • Thibaut Dumont

IDO Details

When: 22nd February — 18:00 UTC
Where: Lithium Launchpad
Raise: $150,000
Vesting: 15% on TGE, then 10% 10% 10% 10% 10% 10% 10% 15% Monthly

Socials
Website: https://mechachain.io/en/
Twitter: https://twitter.com/MechaChain
Telegram: https://t.me/Mechachainofficial

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Future Venture is a publication from Lithium.

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