Parallel Review: The card game received an $85M investment

May 17, 2024 - Around 5 mins mins to read

In our Parallel Review, we explore a captivating sci-fi trading card game focused on competition. Players engage in strategic warfare using custom decks centered around energy accumulation. The game offers a narrative where players shape humanity’s fate through their armies.

Parallel Review: The card game received an $85M investment

Table Of Contents

What Is Parallel?
Parallel Gameplay
Parallel NFTs
How to play Parallel?
Tokenomics and Use Case
Team and Investors
Roadmap
Conclusion

What Is Parallel?

Parallel is a card game created by Parallel Studios, blending traditional card gameplay with innovative elements from modern games. The game was launched on Epic Games, marking a significant milestone for Web3 games.

Parallel, a card game genre, has recently received $85 million in investments from prominent funds such as Paradigm and Spartan. At the core of Parallel TCG is Parallel NFT, a series of digital assets representing the primary factions in the game, known as “Parallel”. These digital assets play a pivotal role in shaping unique gameplay experiences within the game.

Parallel Gameplay

Parallel combines classic card game mechanics with advanced technology for an immersive role-playing experience. Centered on Parallel Studio’s NFT collection, the game features five factions driving the main storyline. Players compete using collected card decks, requiring a complete deck of 40 cards to join, either from a single faction or combined with Universal cards usable in all decks.

Parallel offers a variety of gameplay modes, such as:

The Ladder: Players compete against each other in this mode.
Sectors: In this mode, players construct an initial deck of 30 cards and advance to the next battle upon victory. Players can choose to swap out some cards in their deck.
Rookie Queue: Designed for new players, this mode serves as a practice arena. Rookie Queue furnishes starter decks that players can personalize to suit their preferences.

Parallel NFTs

Cards

Cards play a central role as the primary tool for players to develop their strategies. Each card is represented by an NFT, featuring unique attributes such as various types of actions, effects, and statistics. Inspired by five distinct Parallels, which drive the game’s storyline, these cards offer diversity with each type possessing unique abilities and gameplay mechanics. In a typical match, players construct and utilize decks composed of various cards in an effort to outmatch their opponents.

Avatars

Avatars are distinct characters that represent the five factions within the game’s universe. These Avatars, also called Parallel PFPs, are more than mere digital images; they offer a wealth of experiences within the Parallel universe.

Players can earn extra PRIME tokens in the game upon winning by using an Avatar as their profile picture. Furthermore, Avatars are crafted to grant priority access to upcoming experiences in Parallel, cementing their role as essential ecosystem components.

How to play Parallel?

Parallel draws parallels with traditional collectible card games like Magic: The Gathering.

Players take turns playing cards from their hands in a shared playing area. Each card has unique abilities, strengths, and effects that can impact the game’s outcome. The game objectives vary, ranging from reducing the opponent’s life points to meeting specific victory conditions.

Gameplay involves elements such as attacking, defending, and strategic resource management. What distinguishes Parallel are its unique features and mechanics, typical of a blockchain-based digital card game, akin to Splinterlands and Gods Unchained. These features include:

Authentic ownership of in-game digital assets
A play-to-earn economy
Blockchain-based security and transparency

In the game, the goal is to reduce your opponent’s health to 0 from a starting value of 30. Decks have 40 cards and can be from one Parallel or include Universal cards. Paragons are key units offering persistent effects. Cards can be played normally or banked for energy. Acts can be performed in any order during the turn.

Tokenomics and Use Case

Token metrics

Ticker: PRIME
Total Supply: 111.111.111

Token allocation

Gameplay Pool: 31.7%
Parallel Studios Reserve: 19.7%
Parallel Studios Investors: 16.2%
Caching: 14.1%
Echelon Foundation Reserve: 11.2%
Prime Events: 7.1%

Use Case

Vote on governance proposals
In-game rewards
Purchase in-game items such as cards, avatars
Staking to receive rewards

Where to Buy Parallel?

CEX: Coinbase, Gate.io, Bybit
DEX: Uniswap, Aerodrome

Team and Investors

Team

There is currently no information available about the project team.

Investor and partners

Parallel has successfully completed two funding rounds, raising 85 million USD. These rounds saw participation from investment funds such as Paradigm, Focus Labs, OSSC, Spartan, Amber, Big Brain Holdings, VanEck,…

Roadmap

Currently, there is no information about the roadmap

Conclusion

In this Parallel Review, Parallel is a card game developed by Parallel Studios. With a total funding of $85M from 2 successful rounds, Parallel has ample financial resources to further develop and refine its game in the future.

CoinCu rates Parallel an extremely promising game for both playing and investing in, given its financial potential.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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