Review Galactic Arena – NFTverse ($GAN) – Put Wagers (in crypto) on battles happening in real-time!

The play-to-earn space has seen immense growth during recent years, and these gaming NFTs can generate substantial revenue for their owners. But one thing remains constant with every one of them: they are restricted to their native gaming platforms. Galactic Arena aims to solve this problem by allowing these NFTs to connect to their game and join the Arena.

Concept Project – What is Galactic Arena – NFTverse?

Galactic Arena: The NFTverse is a one-of-a-kind blockchain-based NFT game that utilizes the Binance Smart Chain. To start playing the game, a user only needs an online wallet to connect with their gaming profile.

Once connected, the user can choose to purchase and use the characters provided in the game, or they can migrate their own Gaming NFTs into our ecosystem from their connected wallet. Once successfully migrated, the user can upgrade their character according to the rules of the Galactic Arena,  and compete in different events to earn rewards and participate in different tournaments.  At any moment, the user may choose to disconnect from the game and retain ownership of their NFT. 

Outstanding features

What is the project trying to achieve?

• To become the largest Gaming NFT playground where users can migrate their NFT characters from other games at will,  and wager them in battle.
• To create an ‘Arena’ where NFTs from different games will be able to integrate into (and migrate out-of) and operate within the local environment, and upgrade themselves to earn higher rewards. Inter-connecting these NFTs scattered across different games and bringing them into one place will help retain their inherent value, even if their native game become obsolete.
• To inter-connect users who own NFT assets from different games across the blockchain industry and empowering them to rejuvenate or increase the value of their NFT assets in a fun, interactive, safe and sustainable way.

What is unique selling point?

We feel that the most interesting feature of the game is the Player vs Player battle (THE CAGE), where users can fight against each other in real-time and place wagers on the outcome. This real-time player-to-player interaction is key for constant user engagement and large payouts for all NFTs involved in the game.

Road Map

Technical Data

$GAN token is the native currency to the Galactic Arena ecosystem.

Key Metrics

• Name: Galactic Arena: The NFTverse
• Symbol: $GAN
• Platform: Binance Smart Chain
• Token Standard: BEP-20
• Decimals: 18
• Total Supply: 1,000,000,000 (1 Billion Tokens)

Token Allocation

Token Sale

Token release Schedule

Token Use Case

• (Events) in THE CAGE (in $BNB);
• For development purposes such as Marketing and CEX listings;
• Used for buybacks and burn events.
• Distribution
• Reward players for contributing to the game through our game modes
• Rewards for players who top the leaderboard
• Rewards for players winning tournaments.

How to own the token?

• SPIN THE WHEEL (in THE CARNIVAL) or participate in WAGER events (in THE CAGE)
• Staking $GAN.

Market and Community

Market

The team focused mostly on the PVP MODE.  Instead of increasing the rewards in the training mode to attract new players, the dev team focused on increasing the competition in the PvP mode by creating an algorithm that generates balanced fights between opponents.  This development orientation is a radical solution for both allowing many players and gaming platforms to join the ecosystem while keeping the $GAN price at the best rate possible

In addition, the dev team also offer certain fees for a Buy-Back of $GAN and promotes product development to attract more players to increase the price of $GAN in the long term

Community

Their Twitter has hit 31k members

Backers

Team/ Founder

Updating…

Partners

Conclusion and analysis

By bringing those NFTs into their NFTverse, the project allows them to gain back their value and remain a revenue-generating asset for their owners. They plan to add characters from more than 25 different games into our ecosystem to give a multitude of players the chance to rejuvenate their NFTs, or simply generate more revenue.

Find more information about Galactic Arena – NFTverse:

Website: https://galacticarena.io/#home

Twitter: @GANFTverseBSC

Telegram Announcement Channel: https://t.me/theNFTverse

Telegram Official Chat Room: https://t.me/theNFTverseofficial

Reddit: https://www.reddit.com/user/GalacticArena

Discord: https://discord.gg/a3QfP56Dhe

If you have any questions, comments, suggestions, or ideas about the project, please email ventures@coincu.com.

Elise

Coincu research