Written by: 1912212.eth, Foresight News
The gaming industry has been quiet for a long time. Since the emergence of the phenomenal money-making game Axie in the last cycle, there has been no blockchain game that has sparked widespread discussion. At the same time, market participants have also discovered that blockchain games such as Axie, which are played for profit, are not sustainable. How to make the game more interesting while making money for players has always been a topic that entrepreneurs and investors in the industry have been exploring.
The Southeast Asian market once led the development of blockchain games and attracted a lot of venture capital injections. Ancient8, a blockchain gaming infrastructure that was recently launched on Coinbase, is one example. As early as January 2022, Ancient8 completed a $4 million seed round of financing, led by Dragonfly Capital, Pantera Capital and Hashed. In June of that year, it completed a $6 million financing, led by Makers Fund and C² Ventures, with participation from Pantera Capital, IOSG Ventures, Folius Ventures, Sky9 Capital and others.
There are not many teams that can maintain sufficient cash flow and continue to build throughout the bear market cycle. Especially those that survived the cycle and waited until this round to officially launch TGE are even rarer. What is the difference between Ancient8 and others?
What is Ancient8?
Ancient8 is a blockchain gaming guild based in Vietnam. It originally aimed to create more economic opportunities through blockchain gaming, but in September last year, its main focus was on the Ethereum second-layer network Ancient8 Chain, and its mainnet was launched in February 2024. On July 17, its token A8 officially began trading online.
Ancient8 Chain is a gaming-centric, community-driven Ethereum L2 powered by OP Stack and enhanced by Celestia, custom-built to solve the scalability and adoption challenges faced by Web3 games and consumer DApps. Ancient Chain reduces gas fees by prioritizing modularity.
OP Stack modular components cover DA, sorting, derivation, execution, and governance layers, providing fine-grained control over all aspects, and Ancient is integrated to enhance its composability and scalability. OP Stack is fully compatible with the Ethereum Virtual Machine (EVM), allowing developers on Ancient8 Chain to seamlessly port existing Ethereum projects.
The reduction of gas fees for on-chain interactions also provides users with a relatively friendly experience. In addition, Ancient also integrated Celestia to introduce the modular design of the DA optimization chain.
In summary, Ancient8's composability, scalability, and compatibility with EVM greatly facilitate developers to build and develop applications on it.
Game Studio Full Kit
Ancient8 not only has its second-layer technology as the underlying support, but also provides a full set of services such as technology and marketing for project parties and players, such as:
NFT Marketplace Doji
Game Launchpad Space3
Gaming Community Center Ancient8 Gaming
Advertising service platform ReneVerse
Identity ID and Social A8ID
Most Ethereum Layer 2 projects only provide partial support in terms of funding and technology, but Ancient8 takes all aspects into consideration, paving the way for their launch, issuance, advertising, and cooperative contacts, which helps to quickly incubate projects.
According to the data browser on its official website, the total number of accounts is close to 1.5 million, the total number of addresses is 1.724 million, and the average block time is 2 seconds. In terms of the number of active accounts, it has been rising since the mainnet was launched, and has fluctuated around 20,000 since then.
Token Economics
A8 is the native governance token of Ancient8. Token holders can participate in voting, proposals, etc. The token can also capture the value of network growth, be used as network gas fees, and participate in staking. Its foundation council plays a key role in promoting the adoption of Ancient8 Chain and its decentralized governance.
The total number of tokens is 1 billion, with 32% allocated to the ecosystem, 20% to the team, 15% to the treasury, 10% each to the seed round and liquidity market making, 6% to the private placement round, 5% to the public offering, and 2% to consultants.
In terms of unlocking, the seed round, team, consultants and treasury will all be unlocked after Cliff after 12 months, and the private placement round will be unlocked after Cliff after 6 months. Public offering, liquidity market making and ecological funds will be unlocked immediately.
Airdrops and Staking
Currently, A8 has opened token redemption until 17:00 on August 17. Eligible users include:
Hairy The Bene NFT Holders
Zone Nine NFT Holders
Ancient8 Testnet V1 and V2 Participants
Mainnet active users
Mainnet Ranking Users
It also includes various content creators, badge holders, ecological engineers, etc.
Those who "receive and stake" on the airdrop claiming website before August 17 will also receive a 400% points multiplier, and these staked tokens do not need to be locked.
Currently, Ancient8 also provides two types of staking options for token holders. One is unlocked, which means you can deposit and withdraw at any time. The other requires locking, and the time includes 30 days, 60 days, and 180 days. The more tokens you stake, the higher the points you get. The longer the user's tokens are locked, the higher the points multiplier will be.
