• Coins MarketCap
    • Coins MarketCap
    • Crypto Calculator
    • Top Gainers and Loser of the day
  • Crypto Exchanges
  • Bitcoin News
  • Crypto News
    • Cryptocurrency
    • Blockchain
    • Finance
    • Investing
    • View all latest Updates regarding crypto
Friday, May 20, 2022
WIREOPEDIA
No Result
View All Result
CONTACT US
  • Home
  • Breaking News
  • World
  • UK
  • US
  • Entertainment
  • Business
  • Technology
  • Defense
  • Health Care
  • Politics
  • Strange
  • Crypto News
WIREOPEDIA
  • Home
  • Breaking News
  • World
  • UK
  • US
  • Entertainment
  • Business
  • Technology
  • Defense
  • Health Care
  • Politics
  • Strange
  • Crypto News
No Result
View All Result
WIREOPEDIA
No Result
View All Result
Home Blockchain

Monsterra Tackles Existing NFT Gaming Issues via Free-To-Play-To-Earn Model

wireopedia memeber by wireopedia memeber
December 15, 2021
in Blockchain, Crypto, Crypto Market, Cryptocurrency, Finance, Investing, Market
0
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter

The gaming industry is going through a dramatic evolution. The rise of NFT gaming has led to an explosion in play-to-earn games whereby players can earn and own digital in-game assets to sell at their discretion.

You might also like

Investors Continue To Trade LUNA Despite Massive Crash

Like Ruble, Like Shitcoin — Only Bitcoin Gets Its Value Organically

3K+ Bit Digital hosting partner’s crypto miners go offline after explosion and fire

Despite this rapid growth, players typically face high entrance fees, poorly designed gameplay, imbalanced tokenomic models, and high gas fees, creating barriers to entry that can harm further adoption in the niche.

Monsterra seeks to change all that with a free-to-play-to-earn model that lets gamers play and earn for free without imposing any upfront cost. While earning is a central part of the game to incentivize player loyalty, the focus is on building an exciting and inspiring gameplay experience to keep it fun. It is also designed with an innovative dual token model to slow down inflation and sustain a balanced in-game economy. Also, users pay no gas fees to get started with Monsterra, instead only paying a transaction fee when converting their assets into NFT items.

Monsterra Ecosystem

Monsterra is a dual chain-based game on the Binance Smart Chain & Terra networks, inspired by the gameplay of Axie Infinity, Clash of Clans, and Boom Beach. Set in a fictional world, Monsterra revolves around farming, property building, and battling other lands and players using magical creatures known as Mongens, guardians of Monster Terra.

Mongens

The main Mongen characters divide into five races known as Beast, Tectos, Mystic, Celest, and Chaos. The creatures are used for production, defending lands, and launching attacks.

Each character’s stats are calculated via unique DNA codes based upon race, traits, and rarity figures. Rarity is further classified into common, uncommon, rare, epic, and legendary, with Mongens leveling up to improve their skills over time and an unprecedented breeding mechanism to create hybrid characters.

Plots

Plots are the building blocks of the Monsterra world, with eight plot types serving different purposes, namely core, pasture, breeding, hatching, food production, food storage, barracks, defense, and decor plots to craft the ideal environment.

Land

To connect plots, users need to use a land framework defined by several rarities and diverse themes with different limitations on development. There are various methods for users to acquire land, which can be individually customized and farmed to produce an in-game currency used to feed and nurture the Mongens and train their troops.

In-Game Currency

Monsterra applies an innovative dual token model, utilizing MSTR and MAG to ensure the sustainability and scalability of the in-game ecosystem.

MSTR

MSTR is the primary Monsterra token, used for transactions like purchasing land, marketplace items, or other in-game activities, with a limited supply of 100 million.

Users can stake MSTR, as well as NFTs, in innovative staking pools and yield farms to receive rewards from the game as a shared revenue stream while still being able to use the assets for game activities. Players also need MSTR to participate in the governance of the Monsterra DAO.

MAG

MAG is a secondary token used across Monsterra. It has an uncapped supply regulated via a burning mechanism. The MAG token can be minted via quest completion, battle victories, and DAO voting. It is then burned via gaming activities including breeding, evolving, fusion, skill learning, and plot upgrades.

Gameplay

To get started in Monsterra, players can claim free in-game items including one default land and two Soulcores to incubate for new Mongens. They can then engage in a series of game activities across four different battle modes, nurturing their Mongen squads to expand territory and earn rewards from battle victories.

Adventure Mode

In Adventure Mode, players send Mongen squads to explore and attack new lands for hidden reward tokens. Players land in NPC territories and use tactical strategies to overcome obstacles and extract maximum resources from the soil.

Boss Challenge Mode

Boss Challenge Mode players lead Mongen armies to conquer surrounding lands inhabited by dreadful beasts. If victorious, the land will belong to them, and their territory further expands.

Battlefront Mode

In this mode, players take on other players, raiding their lands to obtain the resources of opponents as rewards for winning Mongen battles. If attacking players fail, they will have to pay rewards to the successful defensive landowners.

Arena Mode

Arena Mode allows players to enter arena battles, fighting it out against other Mongen squads to win betting rewards. Players participate by betting a fixed amount of MAG tokens. The winner receives the full amount, and the loser is deducted a 5% fee for the game.

Roadmap Ahead

Monsterra’s INO and IDO are anticipated by the end of the year. Q1 2022 should deliver an NFT marketplace, staking and yield farming services, and the DAO, alongside the launch of Adventure Mode. The remaining battle modes are expected to be delivered between Q2 and Q3 2022 before Monsterra scales up to become multi-chain and multi-platform.

 

 

 

Read Entire Article
Tags: BlockchainCoin SurgesCryptocurrenciesMarket StoriesnewsbtcTrading
Share30Tweet19
wireopedia memeber

wireopedia memeber

Recommended For You

Investors Continue To Trade LUNA Despite Massive Crash

by wireopedia memeber
May 20, 2022
0
Investors Continue To Trade LUNA Despite Massive Crash

Investors continue to trade the LUNA token despite its enormous fall, seeing the coin lose 99% of its value from $62 on May 9 down to less than...

Read more

Like Ruble, Like Shitcoin — Only Bitcoin Gets Its Value Organically

by wireopedia memeber
May 20, 2022
0

On examination, fiat and shitcoins share the same trick of getting people to give up real value for

Read more

3K+ Bit Digital hosting partner’s crypto miners go offline after explosion and fire

by wireopedia memeber
May 20, 2022
0

The company said it will be seeking reimbursement for the lost revenue from mining crypto, with operations at Niagara

Read more

Altcoin prices briefly rebounded, but derivatives metrics predict worsening conditions

by wireopedia memeber
May 20, 2022
0

Declining demand for Tether and negative futures premiums for altcoins reflect a growing disinterest from crypto

Read more

PancakeSwap (CAKE) Price Prediction: CAKE Holds Closely Below $5

by wireopedia memeber
May 20, 2022
0

PancakeSwap (CAKE) Price Prediction – May 20A few days back, while a significant declination took effect in most crypto economies, the CAKE/USD market was not

Read more
Next Post

ADALend: Protocol Efficiency ON CARDANO In Handling Interest Rates

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Related News

Congress races to pass $40B Ukraine aid package

May 10, 2022

Price analysis 4/6: BTC, ETH, BNB, SOL, XRP, ADA, LUNA, AVAX, DOT, DOGE

April 6, 2022
TA: Ethereum Climbs to $2,800, Why Dips Could Be Attractive

TA: Ethereum Climbs to $2,800, Why Dips Could Be Attractive

March 17, 2022

Browse by Category

  • Blockchain
  • Breaking News
  • Business
  • Crypto
  • Crypto Market
  • Cryptocurrency
  • Defense
  • Entertainment
  • Finance
  • Health Care
  • Investing
  • Market
  • Politics
  • Strange
  • Technology
  • UK News
  • US News
  • World
WIREOPEDIA

Wireopedia is an automated news feed. The Wireopedia AI pulls from sources with different views so you can see the various sides of different arguments and make a decision for yourself. Wireopedia will be firmly committed to the public interest and democratic values.

Privacy Policy     Terms and Conditions

CATEGORIES

  • Blockchain
  • Breaking News
  • Business
  • Crypto
  • Crypto Market
  • Cryptocurrency
  • Defense
  • Entertainment
  • Finance
  • Health Care
  • Investing
  • Market
  • Politics
  • Strange
  • Technology
  • UK News
  • US News
  • World

BROWSE BY TAG

Bitcoin Bitcoinist Bitcoinmagazine Blockchain Blockonomi Breaking News Business BuzzFeed Celebrity News Coin Surges Cointelegraph Cryptocurrencies Cryptoslate Defense Entertainment Health Care insidebitcoins Market Stories newsbtc Politico Skynews Strange Technology Trading UK US World

RECENT POSTS

  • Extreme weather in Europe as Spain basks in heat 15C above average while at least 30 injured by tornadoes in Germany
  • Investors Continue To Trade LUNA Despite Massive Crash
  • Like Ruble, Like Shitcoin — Only Bitcoin Gets Its Value Organically
  • Azealia Banks Just Dragged Megan Thee Stallion For “Using” Cara Delevingne After She Cropped Her Out Of A Photo Following Her Bizarre Behavior At The BBMAs
  • 3K+ Bit Digital hosting partner’s crypto miners go offline after explosion and fire

© 2022 WIREOPEDIA - All right reserved.

No Result
View All Result
  • Home
  • Breaking News
  • World
  • UK
  • US
  • Entertainment
  • Business
  • Technology
  • Defense
  • Health Care
  • Politics
  • Strange
  • Crypto News

© 2022 WIREOPEDIA - All right reserved.

  • bitcoinBitcoin(BTC)$29,291.00-2.85%
  • ethereumEthereum(ETH)$1,968.21-2.04%
  • tetherTether(USDT)$1.00-0.20%
  • usd-coinUSD Coin(USDC)$1.00-0.30%
  • binancecoinBNB(BNB)$302.92-0.82%
  • rippleXRP(XRP)$0.412888-1.64%
  • Binance USDBinance USD(BUSD)$1.00-0.01%
  • cardanoCardano(ADA)$0.52-2.92%
  • SolanaSolana(SOL)$50.54-2.92%
  • dogecoinDogecoin(DOGE)$0.084791-1.94%
  • polkadotPolkadot(DOT)$9.76-2.86%
  • Lido Staked EtherLido Staked Ether(STETH)$1,937.63-1.82%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$29,281.00-2.92%
  • AvalancheAvalanche(AVAX)$29.18-2.12%
  • tronTRON(TRX)$0.070938-3.77%
  • Shiba InuShiba Inu(SHIB)$0.000012-1.45%
  • daiDai(DAI)$1.00-0.29%
  • litecoinLitecoin(LTC)$68.89-3.17%
  • CronosCronos(CRO)$0.188587-3.24%
  • matic-networkPolygon(MATIC)$0.64-1.17%
  • FTX TokenFTX Token(FTT)$29.83-2.92%
  • NEAR ProtocolNEAR Protocol(NEAR)$5.84-3.28%
  • bitcoin-cashBitcoin Cash(BCH)$193.38-0.46%
  • cosmosCosmos Hub(ATOM)$11.305.53%
  • chainlinkChainlink(LINK)$6.95-2.24%
  • stellarStellar(XLM)$0.127729-1.62%
  • OKBOKB(OKB)$12.04-3.27%
  • algorandAlgorand(ALGO)$0.438524-0.05%
  • UniswapUniswap(UNI)$5.07-0.50%
  • vechainVeChain(VET)$0.030459-1.53%
  • ElrondElrond(EGLD)$90.29-2.40%
  • filecoinFilecoin(FIL)$7.90-1.78%
  • Axie InfinityAxie Infinity(AXS)$20.93-1.64%
  • cETHcETH(CETH)$39.49-1.43%
  • TerraTerra(LUNA)$0.000130-6.91%
  • TerraUSDTerraUSD(UST)$0.066197-13.36%