Ex-developers from Activision, Disney and Lucas Films reveal NFT-enabled video game

Video game publisher MetalCore Foundation has unveiled a new open world game that incorporates non-corrosive tokens or NFTs into the gaming experience, highlighting ongoing innovations in this area.

On Tuesday, the organization announced MetalCore, a multiplayer fighting game that combines traditional gameplay with GameFi features of blockchain technology. Developed by Studio 369, the game allows players to collect rare weapons, cosmetic grids, and skins that can be used in combat and traded as NFTs in an open market.

MetalCore players have the ability to earn in-game rewards and become virtual landowners through which they can mine resources and generate tax revenue.

The game’s official trailer shows the player taking control of a war machine against an enemy faction in order to take control of an alien planet.

MetalCore will launch its first NFT pre-sale in January 2022, and a private alpha will be available to select PC gamers in the spring.

The team behind MetalCore includes former developers from Activision, Disney, Lucas Films, Midway, and more. You’ve also worked on projects like Mortal Kombat and Gears of War.

Blockchain technology is transforming the gaming industry by allowing developers to create virtual economies powered by cryptocurrencies and NFTs. According to David Gan, head of OP Crypto Capital, gaming will be the first industry to bring 100 million active users to crypto.

GameFi, which refers to the financialization of games through decentralized finance (DeFi) and NFTs, has spawned two popular titles: Axie Infinity and Decentraland. Both ecosystems are powered by cryptocurrencies with market capitalizations of $ 8.2 billion and $ 5.5 billion, respectively.

Related: Ubisoft will seek to invest in and develop blockchain games

Cointelegraph also reported Tuesday that blockchain venture firm Sanctor Capital raised $ 20 million to fund new GameFi projects. Last week it was reported that the Huobi Group, the operating company of the large crypto exchange, launched its own GameFi development fund worth $ 10 million.