With the stunning debut of the domestic AAA masterpiece "Black Myth: Wukong", the public's attention has once again focused on the potential of Web3 game narratives. People began to discuss whether GameFi is worth playing and whether it is worth investing in.
On August 31, the Web3 game developer Legend of Arcadia (LOA) successfully completed a $4 million seed round of financing. The financing attracted the participation of many well-known investment institutions including Animoca Brands, OKX Ventures, Arche Fund and Selini Capital. At a time when the overall market in the GameFi field is currently sluggish, an MMORPG game that has been operating for more than two years has emerged as a dark horse, standing out among many GameFi projects. It has not only obtained impressive financing, but is also about to be officially released worldwide. What makes LOA so eye-catching and what is its charm?
Introduction
LOA is a multi-chain free casual strategy card game that combines traditional game elements with the concept of Web3 GameFi 2.0. The game is set in a fictional colony, which is composed of small toy-like humanoid creatures (referred to as "Toy Heroes", the playable NFT characters in the game), and is a casual action card game centered around heroes and factions.
The game offers six different game modes, including three player-versus-player (PvP) and three player-versus-environment (PvE) modes. Players can explore the Arcadia continent in depth and embark on an adventure with many toy heroes (NFT characters) with unique personalities.
Legend of Arcadia is inspired by the Kingdom Hearts series. LOA uses blockchain technology and combines the latest technology to provide a new gaming experience for contemporary players. Players can play for free on mobile devices and interact with players around the world in real time through an immersive PvP game mode and a highly customizable NFT trading system.
Core Gameplay
Main Quest Exploration
Entering the world of LOA, each new adventurer will receive a unique game character (NFT). As the game progresses, you can unlock or purchase more NFTs through combat and mining activities to form a powerful team of up to five heroes. In this process, players will collect various resources to upgrade their characters and improve their combat effectiveness.
The main dungeon is not only the core experience of LOA, but also the key for players to deeply understand the combat mechanism, strategy matching and faction confrontation. As you conquer the dungeon step by step, you will have a deeper understanding of the essence of the game, including combat gameplay, lineup matching, faction restraint, etc. At the same time, the experience and equipment obtained in the dungeon will directly strengthen your combat power.
Eternal Arena
In the eternal arena of LOA, players will compete for the glory of the leaderboard through fierce PVP duels. In each settlement cycle, the system will issue generous Obsidian rewards based on the ranking, which is one of the key materials for synthesizing the token ARCA. Here, every duel may change the pattern of the leaderboard and determine your reward.
Underground maze exploration
The Underground Maze is an adventure deep into the underground world. The maze is divided into three layers, and each layer is like an intricate chessboard. No matter which path you choose, the end is always there waiting for you. The maze contains rich treasures, including equipment, experience, energy, etc., but to completely conquer the maze, players need to have superb combat power, careful lineup matching and superb tactical operations.
Mining
Mining is one of the most popular activities among players in all previous tests. Sending your heroes to mine will not only not affect other game activities, but also allow them to obtain additional White Ore resources in addition to fighting. Each hero can mine for up to 480 minutes a day. This white ore is an important resource in LOA. It can not only be used to synthesize ARCA, but also has many in-game uses.
World Boss Challenge
World Boss is an important way to obtain resources in LOA. Currently, there are two different bosses in the game, and the challenge period of each boss is two days. During this time, players can focus their strength to challenge these powerful enemies. After the challenge, the boss will be replaced by another equally challenging boss. The rewards for defeating the boss are extremely generous, and there is an exclusive store where players can exchange the items they need according to their needs.
Token Economics
Legend of Arcadia uses a single-currency model;
Token Name: ARCA
Deploy blockchain: Ethereum
Total Token Supply: 1,000,000,000 ARCA
The allocation is as follows:
P2E and staking rewards: 27%, 270,000,000 ARCA
Community and Marketing: 17%, 170,000,000 ARCA
Team & Advisors: 20%, 200,000,000 ARCA
Ecosystem Reserve: 20%, 200,000,000 ARCA
Private placement round: 6%, 60,000,000 ARCA
Liquidity provision: 4%, 40,000,000 ARCA
Seed round: 4%, 40,000,000 ARCA
Public Round: 2%, 20,000,000 ARCA
Token Inflation:
Through two assets in the game - white ore and obsidian
White Ore: In PVE mode, obtained by mining in the Mount Mentos Cave map;
Obsidian: Obtained through lottery and PVP
With these two assets, you can synthesize $ARCA
On June 14, 2024, LOA will conduct an IDO (token sale) on Starship. Total raised: $1,400,000
The public offering price of ARCA token is 0.08 USD/ARCA. The token will be listed on major CEXs soon. The author initially estimates that the listing price will be between 0.1 and 0.35 USD. Please keep an eye on it.
Team Background
The team consists of members from well-known Web2 game companies such as "Tencent, Hero Entertainment, and Seasun (under Kingsoft, one of the world's largest game studios)" with more than 15 years of game production experience. The company is also affiliated with the founder of Xiaomi;
The game was first supported by Mysten Labs, which is one of the first core contributors to the SUI ecosystem. Mugen Interactive, the game development studio behind LOA, also received VC financing support. This time, it received US$4 million in investment from Animoca Brands, OKX Ventures, ARCHEFUND, MystenLabs and other institutions, with a valuation of US$80 million.
Project popularity
Since the release of the trial version of "Grandia World View" on June 27, players will be able to get an immersive experience in advance and explore the gameplay of LOA, including its graphics, functions, storylines and thrilling content. The number of game participants has skyrocketed.
According to Dune data, LOA currently has more than 60,000 total users and more than 4,000 daily active users.
In less than 3 months, the game's attention on social media has also grown exponentially, more than 18 times. Currently, it has nearly 400,000 followers on Twitter, more than 66,000 on its official Discord, and nearly 30,000 on its official Telegram.
Andy Lee, Executive Producer of LOA, said: "Community is at our core. We would like to thank our community and partners for walking this journey with us. 2024 will be the year when blockchain games take off. After two years of development and rigorous testing, we have achieved industry-leading indicators. We are very excited to bring LOA's much-anticipated to the world!"
Summarize
Since the beginning of last year, LOA has carefully crafted every detail of the game with its ingenious multiple in-depth tests to ensure its excellent quality. Now, the game has finally unveiled its mysterious veil and opened its door to the majority of players. Players will step into the vast world of Grandia and transform into a variety of toy characters from 8 major hero categories and 6 unique factions. In the journey of more than 37 chapters and more than 1,400 levels, players will use more than 200 skills to fight for freedom, which makes LOA unique in the world of blockchain games with its depth and breadth.
In the previous testing phase, LOA has won wide praise from players for its friendliness to novice players. All ways to obtain points do not require additional investment and are completely achieved through in-game activities, allowing every player to easily get started and enjoy the fun of the game. In addition, unlike some games that require players to purchase expensive NFTs and pledge them, LOA provides a more relaxed and enjoyable gaming experience, allowing every player to enjoy the fun and challenges of the game without any burden.
As the official version of LOA is about to be launched, can this game reshape the GameFI experience? Let's wait and see.