Taiwan-born gaming company Mooneen has officially launched its blockchain-based play-to-earn (P2E) game called “Rise of Elves” with a grand celebration at the Ayala Mall Circuit, Makati City, Philippines.
Rise of Elves
has significantly grown and expanded across different markets, including Japan,
South Korea, Taiwan, Hong Kong, Vietnam, Thailand, and Singapore, and is
currently being played by more than 66,000 players.
The launch
underscores Rise of Elves’ goal to strengthen its presence in the Philippines,
which ranked 4th out of 26 countries in the NFT
Gaming Adoption Report by global fintech platform Finder in 2022.
“The Philippines is
the first launch market that we have chosen. Besides having a substantial
player base familiar with blockchain games, we also aim to make the in-game
ecosystem more vibrant by welcoming Filipino players into our community,”
Johnson Chan, Mooneen Blockchain Architecture Development& Strategy
Research Specialist, said.
Players have to collect and assemble Elves and Heroes to
battle with. Image: Rise of Elves
Inside Rise of Elves
Rise of Elves is a
virtual world that runs on the Polygon blockchain, wherein players will be
introduced to fascinating creatures known as “Elves.” These in-game items are
represented by NFTs, which can be collected and traded on the game's marketplace
for real money.
Players can compete
in Player-Vs-Player (PVP) as “Arena” mode and Player-Vs-Environment (PVE) as
“Adventure” mode. Players can also “Evolve” a new Elf on the official website,
allowing them to build potentially more powerful teams and yield additional NFTs
to sell on the marketplace.
You can buy and sell Elves on the game's marketplace.
Image: Rise of Elves
Each Elf is a
unique NFT, which consists of seven parts: Body, Top, Ears, Eyes, Back, Chest,
and Tail. Each part has different characteristics, which make Elves perform
differently in battle.
There are also
characters called “Heroes” that players can mix and match with their assembled
teams of Elves.
Rise of Elves has
partnered with all-time boxing legend Manny
‘PacMan' Pacquiao for an exclusive in-game hero design and 200 different
styles of Manny Pacquiao NFTs. The game has also featured NFTs in partnership
with gaming content creator Aningning,
and prominent member of Team Payaman YOW.
There are three
tokens related to the game that players can earn and trade for profits: Rise Of
Elves (ROE) coin, Crystal Of Element (COE) coin, and Magic Book (MGB) coin.
ROE is the game's
governance token that allows players to vote on new developments. ROE is given
to players as a reward for competing in the Arena and placing on top of the
tournament board COE is Rise of Elves’ in-game currency earned from playing in
both the Adventure and
Arena modes. Both
ROE and CEO are required for evolving new Elves. Meanwhile, MGB tokens are used
to acquire Heroes and can only be earned through the Adventure mode or
purchased from the marketplace.
ROE Play to Earn Model
“When we initially
designed the game's economic model, we made critical adjustments to prevent the
issues faced by other similar games. We've implemented a three-token model to
ensure a sustainable cycle where the player needs and rewards circulate back into
the game itself,” Chan said.
“We've conducted
thorough research, including a deep dive into other NFT games. The most
significant difference between us and these blockchain pioneers lies in the
rigorously calculated and disaster-avoiding design of our economic system.
Additionally, our game modes and battle variations offer even more playability
and diversity compared to our predecessors and competitors,” he added.
Chan envisions P2E
games like Rise of Elves to serve as a gateway, opening up the world of Web3 to
players who were originally in the Web2 space. “Our goal with 'Rise of Elves'
is to continuously lower the entry barriers for regular mobile gamers, enabling
them to enjoy the excitement and benefits of our gaming,” he said.
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ABOUT RISE OF ELVES
Rise of Elves is a
game where players have multiple elves that can be traded as non-fungible
tokens (NFT). Players can use their Elves to battle with other players or join
various events, players who win and participate will earn cryptocurrency as a
reward.
For more
information, visit https://www.riseofelves.com/ or https://whitepaper.riseofelves.com/
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HOW TO GET STARTED
- Create a MetaMask wallet and add it as an extension on your
browser or mobile device.
- Open the Rise of Elves game via browser or download it from the
official website, Google Play, and Apple Store.
- Connect to MetaMask and log in using your account.
- Buy your first Elves in the marketplace.
https://www.riseofelves.com/market/getstart