Today we continue to look at a project, one is a blockchain game platform, which is quite interesting at present. It should be the CSGO of web3 or the battle royale game of web3, named Matr1x. At present, the mobile version of the app is available. It should not be downloaded on iOS at present, only Android can be downloaded. The game is pretty good, and the quality is not inferior to the current similar games. We have talked about many web3 games before, such as web3 "Animal Crossing" (WEB3 "Animal Crossing" My neighbor Alice is here?), web3 "Clash of Clans" (web3 Clash of Clans-Heroes of Mavia project analysis), etc., which are all very interesting.
Currently it has 2 tokens, one is MAX which is the platform governance token, and the other is FIRE which is the game currency of one of the current games. MAX has performed relatively steadily, but Fire has risen by 137% in one month. The current market value is 100 million US dollars, and the overall FDV has reached 1.6 billion US dollars. If compared with the market value of CSGO of 3-5 billion US dollars, it is also similar. The project has been launched for less than a year and was still in the testing phase last year, but looking at the project as a whole, I think the best thing about this project is that all the instructions are clearly stated in its white paper, very detailed, including gameplay, mechanism, burning mechanism, and the wallet address of the team treasury. I think this is very good. At least the project party dares to tell you, which at least means that he dare not mess around.
Introduction
Founded in 2021, MATR1X is an e-sports entertainment platform that integrates games, artificial intelligence (AI), e-sports, and blockchain infrastructure. It covers multiple projects, including shooting games MATR1X FIRE, chicken-eating games MATR1X BATTLE, etc.
MATR1X team background and financing status
Team background: According to official statements, team members have more than 10 years of industry experience, including game development, finance and blockchain. The total revenue of the jointly developed projects exceeds US$5 billion, covering strategic analysis, system architecture and Web3 investment, etc., but most of them are anonymous.
Financing status: It has received more than 20 million US dollars in financing. Investors include Hana Financial Investment, Folius Ventures, Hashkey Capital, SevenX Ventures, ABCDE Capital, OKX Ventures, Animoca Brands, Makers fund and other well-known VCs in the industry.
product
1.MATR1X FIRE: A classic first-person shooter (FPS) game, it has been downloaded over 2.5 million times worldwide. It is one of the few GameFi projects with high playability and community support. Its goal is to become the first non-transactional application in Web3 to reach 10 million users.
2.MATR1X BATTLE: A battle royale style mobile chicken game, similar to PlayerUnknown's Battlegrounds.
3. Castile: RPG+Roguelike next-generation card game, using self-developed next-generation 3D technology, featuring magical Cthulhu + mysticism to create a unique metaverse world. The first test had 5,000 core players participating, and the 14-day retention rate exceeded 90%. (Game Investment)
4. Web3 MOBA Evermoon: 5V5 MOBA game on Web3, downloaded over 100,000 times. (Game investment)
5. E-sports platform GEDA: Web3 e-sports gaming ecosystem, a Web3 extension of Cyber Games Arena (CGA), is famous for hosting more than 500 global e-sports events such as "Heroes Return" and "Zotac Cup Masters", attracting more than 66 million viewers worldwide.
6. Game public chain M1-Chain: MATR1X ecological public chain, based on OP-Stack-ZK, is committed to providing better infrastructure support for the MATR1X ecology, providing a better interactive experience, and attracting more high-quality games to join the MATR1X ecology. The test network has been released. It is expected that the main network test will be launched in Q4 2024, and the M1-CHAIN ecological products will be announced in Q1 next year: WALLET, BRIDGE, and DEX.
Currently, only the Fire game is available on the platform, and it is only on the Android platform. Although the gameplay is copied from the CSGO mode, it has its own style in terms of UI. Let's take a look at the data of this game.
During the Pre-Alpha test in April 2023, during the "Mission Dawn" event (March 31-April 9, 2023), more than 6,000 Matr1xLinks (test passes) were minted, and the retention rate was very high, with each player playing for more than 2 hours per day.
In the Alpha test in August 2023, participants can connect their wallet (Polygon) to get a free battle pass and earn $FIRE. Alternatively, they can purchase a premium battle pass for about $200. More than 3,000 premium battle passes were sold on the first day, and NFT holders can get premium or enhanced battle passes by staking.
Global Test Servers from February to March 2024:
- Registered users: 1,001,119
- Global downloads: 1,108,239
- Daily active unique wallets: 347,480, becoming the#1Web3 game and#4Dapp
- Total number of on-chain transactions: 1,230,000
- Number of on-chain holders: 520,312
- NFT transaction volume reached US$133.6 million
Gameplay
The main gameplay is the same as CSGO, which has a 5V5 battle mode, and then there are different modes (team competition, demolition mode, arms race, deathmatch, defense mode, etc.). You can get boxes through battles, and the boxes are a way to get guns with rare skins.
Game economic cycle
The characters, guns, and treasure chests in the game are all NFTs, which need to be purchased before they can be used. The characters can be upgraded, including guns, etc., as shown in the figure below. The treasure chest can open rare or legendary skins, which is basically based on the unboxing of CSGO. Currently, the most expensive weapon in CSGO may sell for more than 100,000 US dollars, which is very exaggerated.
Token Economy
MAX is the core of the MATR1X platform, supporting a wide range of applications and services within the MATR1X platform ecosystem, and is able to capture the value of all projects on the MATR1X platform, including asset returns, equity, and governance.
The total supply of MAX is 1 billion. Currently, MATR1X has announced the destruction of 200 million MAX, which means that the total supply has been reduced to 800 million. The MAX destruction ratio is as follows:
50 million from the team and investors
80 million from the community
70 million from platform contributions
In terms of token distribution, 30% goes to the team, 27.6% to the platform, 16% to the ecosystem, 10% to the community, 9.4% to NFT airdrops, 5.5% to early bird events, and 1.5% to consultants. The tokens will be released over a period of 5 years.
Then let’s look at the distribution of the game currency Fire. The total number of tokens is 1 billion. Currently, 82.5% are game output, 2.5% for the team, 3% for the community, and 12% for the ecosystem. The unlocking time is 48 months, a linear release over 4 years.
And the team has launched a plan called “Infinite Game Plan”, which will accelerate the burning of Fire and will eventually burn more than 50% of the fire tokens.
In conclusion, this project is also a well-made blockchain game. Those who like to play FPS can go to earn gold, because the game will produce 82 coins. For MAX governance coins, because they have VC attributes, you will not see an increase in the short term, but if subsequent games can be done better, MAX will also have a chance. At present, I feel that the project party is still relatively reliable. First of all, the specifications of the game are basically the same as those of the first echelon, and there may be some differences in small details. Then it is said to be very open and transparent, and the address and rules are all clearly explained to you.
