With the advent of the bull market, the blockchain gaming sector has often become a hot spot that triggers the wealth effect. Several launchpad projects recently launched on the BN platform, such as Pixel and the upcoming Portal, have blockchain gaming features, showing that even large institutions are optimistic about the huge traffic and attention brought by such projects. Today, Akan will introduce Ultiverse to you, which has received support from heavyweight investors such as Binance Lab and Sequoia Capital, and is likely to be launched on Binance's new project launchpad.
Ultiverse is a project with great potential. Unlike many other projects, it has hardly carried out any form of large-scale marketing during its development and early operation stages. This strategy is a major feature of Binance Lab incubation projects. A similar example is the recent Pixel, which has been in operation for three years and did not start large-scale marketing activities until it was about to be launched on Binance. In the early stage, it mainly built a user base through airdrops and other methods. The operating model of Ultiverse is very similar to that of Pixel. Therefore, if you missed Pixel before, it is definitely a wise choice to pay attention to Ultiverse now.
The Web3 revolution is coming: Ultiverse builds a 'Ready Player One'-style virtual reality world, leading the next generation of immersive experience!
Ultiverse is driving an innovative revolution in the Web3 space, dedicated to building an AI-driven gaming world. The project combines AAA-level immersive VR technology with advanced AI and cutting-edge distributed applications (Dapps) to create a diverse and inclusive community. This unique media fusion, especially the application of virtual reality, aims to provide an immersive experience similar to the "Oasis" in the movie "Ready Player One".
Ultiverse has received support from top investors including Binance Labs and Sequoia Capital. Despite the challenges of the crypto bear market, Ultiverse continues to optimize its product and has witnessed significant growth in user engagement. These solid fundamentals indicate that Ultiverse may perform well in the coming bull cycle and lead the future development of Web3 games.
Team Background
Ultiverse, a cutting-edge Web3 gaming project, is led by a talented Singaporean team. The team brings together elite talents from the fields of technology, gaming, and marketing, including founder Frank, a CMU alumnus and an avid game enthusiast. The core of the team consists of about 200 professionals, including developers and artists, whose previous careers covered top companies such as Gameloft, Blizzard, Ubisoft, and Tencent, and who participated in the development of famous games such as Elden Ring, Assassin's Creed, and Prince of Persia.
The team's dedication to the gaming experience drove them to develop the game using the industry-leading Unreal Engine 5, while incorporating advanced software and technology used in games such as Fortnite, Dragon Quest 12, and Mass Effect 4. This innovative application of technology ensures Ultiverse's leading position in AAA blockchain game development.
Financing History
As for financing, Ultiverse has successfully raised $18.5 million. This is thanks to the support of a series of well-known investment institutions including Binance Labs and Defiance Capital. On March 18, 2022, Ultiverse completed a $4.5 million seed financing round, led by Binance Labs and Defiance Capital, with participation from Sequoia Capital and SkyVision Capital.
Then on March 25, 2022, Binance Labs made an additional investment of US$5 million in Ultiverse. This capital injection further strengthened the cooperation between Ultiverse and Binance Labs, and also marked that the first game of Ultiverse will be launched on the BNB platform, heralding the significant development of this project in the future of the gaming industry.
The background and financial strength of the Ultiverse team indicate its great potential and innovative prospects in the future Web3 gaming field.
1. Leading AI engine
Ultiverse uses its powerful AI engine to accurately mine player needs through deep learning and data analysis, providing users with a personalized gaming experience. This technology not only improves player stickiness, but also ensures the continued growth and prosperity of the game token economy. Ultiverse uses its powerful AI engine to accurately mine player needs through deep learning and data analysis, providing users with a personalized gaming experience. This technology not only improves player stickiness, but also ensures the continued growth and prosperity of the game token economy.
2. AAA Game Development
In the field of AAA games, the Ultiverse team has demonstrated unparalleled talent and resources. The development of AAA games requires huge financial and human investment and usually takes many years to complete. For example, the development costs of games such as Horizon: West and The Last of Us: Part II are as high as hundreds of millions of dollars. Ultiverse has assembled a team of more than 200 professionals who have previously participated in the development of top games and now bring the same professionalism to the development of Ultiverse.
3. Deep VR experience
As VR technology matures, Ultiverse is using it as a core component of the gaming experience. The Terminus City they developed will provide a fully immersive VR environment where players will experience a vivid virtual world that includes NFT galleries, markets, social venues, etc., making it a hub where virtual and reality meet.
4. Rich social attributes
Ultiverse sees gaming as a social experience. In Terminus City, players can trade, shop, complete tasks, and interact socially. These features not only enhance player interactivity, but also greatly enrich the depth and breadth of the game. Ultiverse has built a strong community in its ecosystem, through user interaction and task distribution through platforms such as Mission Runner, effectively connecting the game world with players' real lives.
These advantages of Ultiverse demonstrate its unique position in the gaming industry. With more funds and resources invested, Ultiverse is not only at the forefront of the industry in terms of technology, but is also creating a new gaming culture and community. As the project continues to develop, Ultiverse is expected to become a leader in the Web3 gaming field.
Token Economy
Ultiverse has announced the use cases and economic model of its governance token ULTC:
In the Ultiverse ecosystem, ULTC has the following three main functions:
Governance
If Dapp wants to enter the Ultiverse ecosystem, it needs to pay ULTC, and part of these ULTC will be given to users
ULTC is the payment method for assets in the Ultiverse ecosystem
The total amount of ULTC is 10 billion, and its distribution is shown in the following figure:
Ultiverse, a leading metaverse gaming platform, recently announced that it will distribute 8% of its ULTC tokens to Electric Sheep NFT, SOUL holders and ecosystem asset holders through airdrops. In addition, the distribution strategy of ULTC tokens has also been announced to ensure broad support and continued development of the ecosystem.
Specifically, the distribution of ULTC tokens is as follows:
30% will be invested directly into the Ultiverse ecosystem for further development and maintenance;
20% will be awarded to early investors in recognition of their confidence and commitment to the project;
17% will go to the team as a reward for their hard work;
15% will be used to encourage active participation and contribution of the community;
7% is used to provide initial transaction liquidity to ensure smooth transactions.
ULTC is not only a governance token in the Ultiverse ecosystem, but also a key economic tool. In Micro Worlds, a decentralized application integration platform, ULTC is used to incentivize developers and users, and is also the main way for players to obtain game assets. Token holders can not only use ULTC for transactions, but also have the right to participate in the governance process of Ultiverse, and decide on key matters such as the distribution strategy of ULTC in Micro Worlds by voting.
This all-in-one token strategy, coupled with Ultiverse’s emphasis on interaction and governance, bodes well for its future in the crypto and gaming industries. As ULTC functionality continues to expand, Ultiverse users and participants can expect a richer and more engaging gaming experience.
Ultiverse has shown great potential for development, and its unique marketing strategy highlights the typical characteristics of Binance Lab incubation projects—a sudden explosion after a long period of stealth. This strategy is similar to the recent Pixel project, which only carried out large-scale marketing promotions when it was about to land on the Binance platform after three years of low-key operation, mainly through airdrops and other means to build a user base in the early stage. This operating model, as well as the precise grasp of marketing timing, has gradually highlighted the value of Ultiverse in the crypto market, indicating its strong performance in the future market.
