CryptoKitties took the world by storm when they created one of the world’s first games to be built on blockchain technology. The game is centered around breedable, collectible, and oh-so-adorable creatures called CryptoKitties and they have had huge success so far. Some rare CryptoKitties were sold for more than 100.000$, but will it come to an end soon?
No one can really answer that question with certainty, but World of Ether could be a serious competitor to CryptoKitties.
But what is World of Ether?
“World of Ether is a decentralized collectible dueling game that lives inside of a browser on the Ethereum Virtual Machine. The game is centered around the collection, breeding, and fighting off monsters. Each monster is stored inside of a contract and referenced by our platform.
Monsters are broken into 4 grades of rarity: common, uncommon, rare, and legendary. These monsters fall into 5 types:
World of Ether is a Pokémon similar game, but why is blockchain technology important?
By using blockchain technology to securely store data for video games, it becomes almost impossible to cheat since they will have to hack the entire blockchain, and that has never been done before. Another advantage is the fact that it is decentralized. The gamers decide how many monsters come into existence and the team can therefore not devaluate existing monsters. However, there will be added more monsters in the future, because upon breeding there is a very minimal chance, a new species can come into existence.
Hopefully, you now understand how the game works, but who is behind this project?
World of Ether has a strong team with one of the founders being Alain Goldman, who has also co-founded Beginner Programmers which is the largest Ethereum meetup, group. Alain Goldman’s brother Stanley Goldman is the second founder of World of Ether, and he is a Senior Developer at GitHub that is the world’s leading software development platform. Overall the team seems to be quite experienced with a lot of success in their past projects.
Now you must be ecstatic about the potential of this project, but there are some downsides.
First of all, the game is expensive. You can already buy eggs on their website, but the price is currently at 0.52815 ETH for 1 egg and the price is increased by 0.00035 ETH per egg sold. That is a lot of money, and you don’t know whether you get a common, uncommon, rare or legendary monster. Therefore, it might be a bit of a gamble. Another downside is that they do not have a working project yet, but they expect to at least release the beta in about 7 weeks from now. That means as of now you can’t do anything with your eggs other than hoping the team will pull it off and make this game a success.
Hopefully, you are still reading this, because this is the important part; How do you make money?
The team claims, that the price of an egg on their website will never decrease, or be reset. So, if the game becomes popular the price of new eggs is going to become very expensive. The ones who bought eggs earlier will, therefore, be able to sell their eggs below the price of a new egg. That is one way of making money, but you can also just “win the jackpot”. Like mentioned earlier, eggs become monster that is either common, uncommon, rare or legendary. Just like rare CryptoKitties sold for an insane amount of money, we can only assume that it might be the case with rare and legendary monsters as well.
To sum up, World of Ether is the first video game based on blockchain technology. It is an interesting concept and it draws a lot of similarities to Pokémon, so this could potentially become a wildly popular game. However, it is important to remember, that this is meant to be a game and not necessarily a good investment. Buying eggs come with a fair amount of risk since the process of being developed is in its early stages.
Disclaimer: This is not financial advide. Do your own due diligence.
To learn more about World of Ether you watch the video below:
You can also visit https://worldofether.com/ for more information.
[yourchannel user=”Altcoin Buzz” video=”https://www.youtube.com/watch?v=AV3vpdgZDZg”]