Project SEED series: Part 1

Market Context

2021 observes the booming of blockchain-based games, which allow players to have real ownership and full control over their in-game assets. In terms of definition, blockchain games are any games including blockchain technology in its backend or mechanics in general.

“One feature driving the adoption and use of blockchain tech in games is the ability of players to store items on the blockchain. Purchased items can be transferred to a wallet, making them permanently yours.” - By DappRadar.

This site also points out that “the state of the blockchain game sector with demand for blockchain-powered games has increased during July. The blockchain gaming sector showed a more visible footprint in the industry as the space grew 121% in terms of unique active wallets reaching more than 804,000 unique users. The success stories of play-to-earn games are positive signs for the entire blockchain industry. The industry is represented by different blockchains in contrast to DeFi or NFTs where the focus is on the few. The involvement of NFTs in gaming dapps is positively affecting the space and the rise of the Non-Fungible Tokens is not expected to scale down anytime soon.”

Google Trends Worldwide: Axie Infinity vs League Of Legends (Source: Google)
Google Trends Worldwide: Axie Infinity vs League Of Legends (Source: Google)

2021 is a successful year for GameFi, especially for Axie Infinity built by Sky Mavis, a game studio based in Vietnam, Axie infinity has achieved one million daily active users with monthly revenue skyrocketing from $103,000 in January to $364 million in August 2021.

The company recently raised $150 million in a Series B funding round led by Andreessen Horowitz, valuing the firm at $3 billion. According to CryptoSlam, Axie Infinity has topped $2 billion in NFT sales.

After the success story of Axie Infinity, other blockchain games started to get the attention of the public. A large number of users approach blockchain games. Not only has the gaming sector more than doubled its popularity from last month, but it is outperforming two of the most important pillars of the blockchain industry.

Despite the latest explosion in popularity of NFTs and a more consolidated DeFi space, the gaming sector is driving value in the form of usage.

Play-to-earn games have become more relevant in the blockchain industry. In recent months, players around the world seem to have finally realized the true potential of blockchain and its integration into games.

The amount of users is exponentially increasing and it is truly rewarding to see the positive impact play-to-earn games can make in people's lives.

Users and volume comparison (Source:
Users and volume comparison (Source: DappRada)

Nowadays, players expect a more sophisticated gameplay, even from relatively simple games. We are seeing a trend in technology which is pushing games to new platforms and distribution methods, and this has slowly rendered the days of boxed games obsolete. As a result, new models for monetization and engagement are necessary. Gaming companies are quickly coming to this realization, with many looking to understand the technology and many more shifting, or planning to shift, their business models to adapt while looking for potential crossover points where land-based and digital can work together through blockchain technology.

However, in the gaming industry, blockchain doesn't offer much, other than being able to accept and make payments using digital currencies like Bitcoin or Ethereum.With blockchain gaming, there are some problems:

  • User experience: everyone wants a quality, state of the art gaming experience that doesn't lag or have any issues with speed and pacing. However, most of the current blockchain games have relatively simple gameplay and graphics. They are usually related to activities such as trading and creating assets.
  • Costs: the fees associated with blockchain games such as transaction fee and service fee can be expensive, especially on Ethereum. Even the simplest blockchain games with minimal interactions, these costs could snowball regardless. If each action costs a single cent, at the end of the day, gamers will still end up paying a large sum.
  • Speed and scalability: the game may have to sacrifice decentralization in order to improve the performance and computation.

Taking those setbacks of blockchain gaming into account, project SEED is trying to revolutionize the gaming industry while providing the best gaming experience to gamers.

Introduction

Project SEED is an Action Role-Playing Game (ARPG) where the players fight their way to uncover the truth about the Keepers of Existence, the mythical beings whose miracles can deliver their world from extinction.

The players begin their journey in Hunters' Haven, a small city located on the western end of the Sandrocks. With the chosen class and the unique creatures called Zeds, the players must start polishing their combat skills to prepare for what's coming.

Going through the tutorial, the players will be able to learn about the combat system, which involves a series of attacking, dodging, positioning, and utilizing special techniques/spells to battle against the dangers of a world getting closer to an end.

The game's target players are Casual Gamers, professional Gamers, and those who love collectibles (NFTs). The game not only allows the players to collect the different Zeds but also gives them the ability to create their own equipment from the Zeds that they have defeated.

The team's vision is to disrupt and revolutionize the current blockchain gaming ecosystem. Instead of focusing on building a game on top of the blockchain, they are building an AAA gaming ecosystem that integrates blockchain technology.

Project SEED aims to attract both blockchain-savvy gamers as well as non-blockchain gamers. Built by a AAA game developer team, project SEED hopes to take play-to-earn gaming to a whole new level by providing players the most realistic RPG experience with stunning landscape, enticing gameplay and addictive combat with friends.

Furthermore, it utilizes blockchain technology to enhance its performance in revenue making for both the project and players. In a sense, project SEED will allow players to interact with the blockchain as they play the game; however, it does not require players to learn and be blockchain savvy in order to play it.

Project SEED is the first multichain gaming ecosystem that includes a Game Studio, Gamefi, DAO and NFT Marketplace. The game will be built on Solana first. After that the game will be integrated into other blockchains. Furthermore, they aim to become one of the world’s first mobile blockchain games.

Project SEED Target Players
Project SEED Target Players