RaW Pass, a new non-fungible token (NFT) collection tied to the upcoming Web3 game Wallet Wars, sold out within 5 minutes of the first coin on Wednesday, blockchain infrastructure developer Balthazar DAO announced.
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Quick Facts
- RaW Pass is a collection of 5,555 NFTs that debuted with a coin price of 0.035 Ether (approximately US$5). Of this total, 555 are reserved for the game’s treasure chest.
- The assets act as upgradeable ships for Wallet Wars, a Space Invaders-inspired NFT game created by Animoca Brands-backed Balthazar DAO, and give users access to rewards and governance rights.
- John Stefanidis, the co-founder and CEO of Balthazar DAO, shared Forkast that his team produced non-inflationary NFTs to avoid a speculative economy.
- “In fact, their ships’ NFTs are only valid for one season and are deemed worthless after the season ends,” Stefanidis said. “We want to focus on gameplay, an enjoyable user experience and build on a powerful ecosystem that rewards players and raW Pass holders.”
- Blockchain technology can unlock a new layer of economics in games, including transferring and owning in-game items. However, developers in the blockchain gaming sector still face the challenge of discovering a model that maintains player engagement.
- The first season of Wallet Wars starts in late October. Balthazar DAO says 90% of net profits – expected to be around $500,000 – will be allocated to a prize pool for players to compete for.
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