Found in 2018, X World Games is a decentralized gaming platform that harnesses the power and applications of blockchain technology in an attempt to revolutionize the way the gaming industry works. From creating and trading NFTs, tokens, and several other items to allowing the customization of in-game items, it brings together the crypto and gaming community.
The platform has a clear vision: It says it wants to build “an open-world and diverse gaming ecosystem that brings all the funs together, whether from conventional gaming or the crypto world, and that means we’ll add many exciting elements from crypto and conventional gaming, such as DeFi, NFT trading, Japanese Anime IP and abilities to create for fun, into our games and the platform.”
Why choose X World Games?
While other NFT games and metaverses in the market are primarily concerned with the game, X World Games is concerned with its platform. In addition to providing users with the ability to port and compatibilized with other games, X World Games is developing an ecosystem similar to the NFT exchange market. Thanks to this feature, users can now realize their dreams of cross-game gaming and playing their favorite characters with custom equipment in various games.
The platform also aims to provide players with an open-source full-featured toolbox that will enable them to create their own characters and gears and create their own mini-games by writing scripts and imposing game functions. In an attempt to attract more users to the conventional gaming field, X World Games says it is also “looking to collaborate with popular Japanese Animes so that players will see their favorite ACG characters in our gaming system.”
Dream Card was the first blockchain trading card game to use Non-Fungible Tokens on the X World Games platform. Through this, gamers could purchase various ACG character cards and customize them with exclusive equipment that added to the creativity and appeal of the game.
The founder of X World GameS – FunJumping – is also the co-founder of the game platform BlaCat, a blockchain gaming platform, and the principal architect behind ZoroChain, a cross-chain application solution that focuses on the digital gaming industry. With more than 15 years of experience in the gaming industry, FunJumping is an expert in fields like game architecture, 3D game engine, Linux game server, game frameworks, etc. He is also a successful serial entrepreneur who laid the foundation for several companies since 2009 and developed several successful games in China, thus earning over 600M RMB in revenue.
Fernando Liu, the CEO, has considerable financial expertise, having served as a Wall Street PE fund managing director for several years. Eric Zhu is the CTO, who is not only a hardcore programmer but also has relevant experience in the gaming industry of more than 15 years. Eric Zhu is also the co-founder of BlaCat, along with FunJumping.
X World Games, which is based on the Binance Smart Chain, aims to take advantage of BSC’s security, scalability, and affordability. This is primarily taken into account to increase their player base and reduce the cost of switching for players from the traditional gaming environment.
If you’re looking at the NFT side of the platform, it is based on ERC-1155 and ERC-721.To scale NFT trading, X World Games is also working on a layer-2 protocol. They hope to combine this with various development protocols or sidechains to reduce the amount of storage and hash power needed to validate blocks during a transaction.
The platform’s primary goal is to support over 20,000 transactions per second (TPS) with instant minting and no gas fees. As a result, gamers will be able to play, create and trade in the truest sense of decentralized gaming.
Circulating Mining Pool: A unique innovation of X World Games
X World Games’ circulating mining pool is one of its standout features. It solves the problem of matching the game community’s excessive token demand with the crypto community’s deflationary expectations.
The circulating mechanism essentially allows the mining pool to recover tokens used in-game and backfill the mining pool for future play-to-earn rewards. As a result, the tokens circulate in the circulating mining pool throughout the system, thereby achieving a much-needed dynamic balance.
XWG is X World Games’ utility token, with a total supply of 10,000,000,000. NFT trading, market-making, game mining, and community governance are among the utilities while rewards for game mining, market creator, in-game production & growth, and community and governance participation are all part of the incentive mechanism.
The token distribution of X World Games is as follows:
- Game Mining (Play-to-Earn): 49%
- Liquidity Pool: 3%
- Marketing: 5%
- Seed Sale: 8%
- Strategic Sale: 17%
- Team: 9%
- Foundation: 9%
Funding and investment history
Only recently, NGC Ventures, PreAngel Fund, FBG Capital, LongLing Capital, SNZ Chain Capital, Moonwhale Ventures, BTX Capital, CryptoDiffer, Lanlaxy Group, Catcher VC, and Kyros Ventures recently completed a $1.2 million strategic funding round for X World Games. This marks one of the most significant milestones of X World Games.
Looking forward: The next 3 years
XWG hopes to finish developing its massive platform infrastructure plan for its products, including the gaming hub, NFT exchange, cross-game protocol port, and a full-function game-creation toolbox in the next three years. They also want to publish and adopt more games in order to enrich and improve the gaming ecosystem and community. More authentic anime IPs will be signed, migrated games will be connected to the platform’s tokenomic scheme, and the group will be guided to complete DAO governance.
The first NFT airdrop event of X World Games is set to launch soon. The platform is also planning to move its pre-established mobile gaming user base (approx. 300K users) into X World Games, which will widen its community significantly.
X World Games is also looking forward to getting their authentic Japanese Anime – Tenchi Muyo! and King of Fighters – NFTs listed on Binance Exchange. They also hope to collaborate further with crypto influencers and crypto game communities for cross-promotion.
Hitesh Malviya is the Founder of ItsBlockchain. He is one of the most early adopters of blockchain & cryptocurrency enthusiast in India. After being into space for a few years, he started IBC in 2016 to help other early adopters learn about the technology.
Before IBC, Hitesh has founded 4 companies in the cyber security & IT space.
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