Welcome to The Parallel – An Infinite Metaverse. After 50 years of expansion, the global gaming industry has reached amazing milestones. From the early days of the 1970s and 1980s with the simplest video games such as Pong, Invader Space, and Pacman to the race in technology between manufacturers from 1985 to 2000 with the most classic names such as Super Mario, the world witnessed the unprecedented evolution of the game industry powered by the explosion of the Internet and other technologies capable of designing games with top-notch graphics over the next two decades.
The gaming industry’s next boost: Blockchain Technology and NFT, will ensure that the boom does not come to an end. All game data is transparent, and the items and assets in the game literally belong to the players, allowing them to legitimately own, swap, purchase, and sell without the game publisher’s consent. No one has the authority to alter or take ownership of such assets.
The Parallel is a virtual world universe with a real-life simulation game system in which users can fully produce materials and engage in monetization, entertainment, and networking activities. Players are the designers of their own world, and they can work with others to develop an endless universe of The Parallel.
Unlike other games in which players compete with one another, Parallel’s fundamental attraction is centered on user connections. The game seeks to provide immersive experiences to players of many social classes, independent of age, gender, occupation, or social level.
Everyone can engage in world-building, entertainment, connecting, and managing their own assets in a future economy, and they can simply swap between assets in The Parallel and real life.
The long-term ambition is to see The Parallel’s endless canvas grow into a huge and diversified collection of explorable masterpieces that encompass the tremendous ingenuity of the global gaming community.
They intend to develop an incredibly enticing and rewarding “Enjoy To Earn” ecosystem that will eventually cultivate the world’s largest gaming community of crypto-enthusiasts and NON-crypto-enthusiasts alike.
The Parallel will be the universe where players can be completely themselves. Players are the makers of their own world and can join with others to develop a boundless universe of The Parallel, thanks to their unlimited creative power of imagination.
The Parallel will provide a platform where gamers may play, create, collect, trade, and earn cryptocurrencies without going through a central control structure.
The Hydra System, a technology that outperforms present copyright safeguards, will secure copyright ownership over the players’ contributions. This method use AI for identity scanning to ensure that each NFT generated is distinct, with NO TWO NFTs sharing MORE THAN 85% similarity features. This means that players can claim complete control of their one-of-a-kind product and gain revenue from licensing or leasing the NFT itself without fear of imitation.
Most of the games’ concepts recently are Free-to-Play or Play-to-Earn. The Parallels, on the other hand, is unique. They are focused on spearheading the Enjoy-To-Play movement. They build a universe that is purposefully designed to provide each and every participant complete autonomy. They want to let players generate money from what they enjoy doing. They could be anything that they want to be or dream to be as long as they feel happy about it while they’re making real money in the form of The Parallel Token ($PRL) or valuable NFTs.
There will be 12 types of Runes in-game, such as Emerald, Garnet, Jade, Opal, Pearl, Ruby, Sapphire, Onix, Lapis, Topaz, Zircon, Amethyst.
You can customize your own Paragon (NFT): Each Paragon has its own unique feature which expresses the distinct personality of the player. Paragon NFT is unique and can be rented, bought, or sold. The rarity and stats of the Runes used to build Paragon determine its power.
Things are still getting more exciting when there will be a Casual Mining Game, which can let you explore new lands and other valuable runes in The Parallel as well.
Each new land is infused with different types of Runes. They will have their own distinct characteristics and terrain.
Another unique point of this game that you can own lands in the game. Because land will be extremely scarce and limited, players will have to compete in auctions and competitions to obtain it.
Special festive events are times when players from all over the world exchange Runes for special seasonal Rune resources to construct a festival-themed item. The player who successfully casts that item will be rewarded.
There will also be competitions for Paragon and Land. Players’ creations will be placed into a competition, with the best Paragons and lands winning large sums of money! Throughout The Parallel’s development, special activities will be updated and refreshed.
Trading and transaction operations involving NFTs and objects from The Parallel universe will be conducted at Marketplace. This is a virtual market where gamers can purchase and sell regular items.
Furthermore, the Marketplace will be the place to hold auctions. The rare items are displayed together with the starting price and the date and hour of the auction. Following each auction, the individual with the highest bid will win and purchase the item.
The Parallel provides a comprehensive range of functions and activities for the character in regular mode (without VR/AR). This enables players to participate without the need for additional equipment (such as VR glasses). In the early stages of development for The Parallel game, users will be able to experience in-game activities on both desktop and mobile devices. We pre-develop the desktop iteration throughout this early phase.
The game will be accessible on console platforms with AR/VR in the future, which are expected in Q4 2022, with PlayStation VR integration following in Q1 2023.
There are 2 tokens that can be used in The Parallel: $PRL and $PS.
The total of $PRL will be allocated into the following categories:
We will update you soon when there is official information about the project.
The vesting plan is shown in the below table:
| Round | Percent | Details |
| Strategic Partner | 5,00% | 10% at TGE Lock 6 months, vesting linear for 24 months |
| Private Round | 14,00% | 10% at TGE Lock 3 months, vesting linear for 18 months |
| Public Round | 1,00% | 25% at TGE, vesting linear for 3 months |
| Advisors | 2,50% | Lock 1 year, vesting linear for 24 months |
| Team | 11,50% | Lock 1 year, vesting linear for 36 months |
| Game Rewards | 25,00% | Cliff for 1 month, vesting linear for 36 months |
| Ecosystem | 5,00% | Cliff for 1 month, vesting linear for 24 months |
| Staking reward | 20,00% | Lock till Staking Function available |
| Liquidity | 6,00% | Some unlock, some locked |
| Marketing | 10,00% | Cliff for 1 month, vesting linear for 36 months in 3 years |
Total fund: $4,000,000
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| Liquidity | 25,00% |
| DEV | 25,00% |
| Operation | 15,00% |
| Ecosystem development | 35,00% |
The primary utilities of the token are:
The revenue will be dispersed as an incentive for active contributors in The Parallel ecosystem in order to sustainably build the economic system.
To get prizes, all players must participate in in-game activities.
Once a decentralized governance board is established, the governing board will define the parameters and circumstances for allocation to the various organizations, and no centralized entity will be able to control those aspects unilaterally. The Parallel’s treasury revenue:
In addition, there will be a fee when players want to craft NFT paragons and Items.
The Play-to-Earn business model is the most recent addition to the gaming industry. It is a business strategy that embraces the concept of an open economy and rewards all players that provide value by contributing to the game ecosystem with financial rewards.
The basis of the “play-to-earn” business model is giving players full ownership of assets and empowering them to contribute value by actively playing the game. Players create value for other players and game developers by participating in the economy. They are rewarded with in-game assets in exchange. These digital assets might range from cryptocurrency to in-game resources that have been encoded on the Blockchain.
Parallel’s goal is to create a balance between entertaining and monetization potential. Bringing gamers into a pleasant and creative environment – the main experience – while also providing a money stream for all participants.
Players rent out Paragon, rent out land for profit
Players use added PRL Tokens into farming pools to make profits
Players use stake PRL or NFT Paragon to :
Players buy, sell, trade through Marketplace to earn profit
Decentraland is a virtual reality platform powered by the Ethereum blockchain. Users can develop, experience, and monetize content and applications. Land in Decentraland is permanently held by the community, providing them complete ownership over their works.
Users claim ownership of virtual land on a blockchain-based parcel database.
Landowners have control over what content is published on their parcel of land, which is identifiable by a set of cartesian coordinates (x,y). The content might range from static 3D scenes to interactive systems such as games.
In this virtual realm, known as the metaverse, players can own land, create, play, and participate in virtual adventures. You can monetize the experiences you create within the metaverse by owning a sandbox plot of virtual land, which can be an interesting activity for artists or small developers who aren’t comfortable with other game engines.
The SAND token can be used to buy and sell all Sandbox features, and in the end, players help to constantly extend this metaverse. Players can trade NFTs, which can be used to personalize their avatar’s appearance, in addition to purchasing and selling virtual land.
The Sandbox has grown in popularity to rival Minecraft and Roblox, and it lays a strong emphasis on building a healthy community of users who can engage and exchange ideas to drive greater innovation across the platform.
This game lets you construct your own colorful figures in the form of digital vinyl toys, with an emphasis on personalized designs. It also allows players to create and explore virtual worlds where they can acquire unique ‘Blankos,’ participate in missions and play team games (“Block Parties”).
Limited edition Blankos have piqued the interest of investors, especially given the success of collaborations with names like Deadmau5 and Burberry.
The Parallel Universe gives players and creators genuine ownership of the digital environment, allows them to participate in governance and economics, and allows them to develop and enjoy a simple way to profit from their playing.
The project is freshly new, but with the help of an experienced and dedicated team will develop more unique features in the virtual world where you can play, create, collect, earn, manage and own any property in the game.
Overall, it’s a worth-waiting project. We will try our best to update you with the latest information of The Parallel.
Find out more about The Parallel:
Website: https://theparallel.io/
Twitter: http://twitter.com/theparallel_io
Medium: http://medium.com/@theparallel
Discord: http://discord.gg/ex6SckmWqp
Facebook: http://facebook.com/theparallel.io/
Telegram:
Youtube: http://youtube.com/channel/UCKvlkWCeNDEgxa41k1wBZYA
If you have any questions, comments, suggestions, or ideas about the project, please email ventures@coincu.com.
KAZ
Coincu Ventures
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