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Crypto Fantasy City, an upcoming blockchain recreation primarily based on the cell title of the identical identify, has closed a seed funding spherical. It’s a social sim challenge, which additionally affords the NFT lending system to decrease the price of entry.
Builders of Crypto Fantasy City obtained funding from Solana Ventures, based on BlockchainGamer.biz. Different enterprise companions embrace Infinity Ventures Crypto, YGG Sea, Shinhan Financial institution, Geon Funding, and BITORO.
The monetary phrases of the deal, nevertheless, stay undisclosed.
The cash might be allotted in direction of growing the upcoming crypto recreation. The staff consists of skilled staff, together with some high devs from NetEase, Nexon, and Neople.
Crypto Fantasy City’s tokenomics and lending system
- The sport relies on Fantasy Star, a cell title developed by Arumgames and revealed by Gamigo.
- Crypto Fantasy City permits gamers to construct and function their very own village, craft gadgets, discover completely different areas, play mini video games, and cooperate with different gamers by way of guilds.
- Its tokenomics relies on FANT (governance token for voting and buying unique NFTs) and YAC (in-game foreign money for purchasing completely different gadgets).
- In an official litepaper, Crypto Fantasy City devs acknowledge key problems with blockchain gaming, together with inflation, sustainability, and a really excessive entry barrier.
- To decrease the barrier and welcome extra early gamers, the sport constructed its personal NFT lending system. So a person can lend their character or land to a different particular person in trade for extra rewards within the type of YAC and FANT tokens.
- “As soon as the inner ecosystem can obtain wholesome circulation and nearly all of customers are steady and energetic they’ll have the ability to make choices concerning all components of the sport via its DAO infrastructure,” the doc reads.
- Crypto Fantasy Star is predicted to launch in December 2022.
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