Published on: 13/01/2023
Honor World launches two new P2E games — NFT Farm, Dragon Treasure
Web3 GameFi platform Honor World has launched two new play-to-earn gaming titles, NFT Farm and Dragon Treasure.
NFT Farm is a game that integrates decentralized finance, GameFi and NFT. In this game, players will farm to obtain NFTs and liquidity. The game comes with various Hero NFTs, including Templar Assassin, King of All Beasts and Naga Sea Witch.
Meanwhile, Dragon Treasure is a free-to-play P2E game that revolves around Honor World’s Hero NFTs. Players team up to locate the dragon’s treasure and defeat demons they will encounter along the way.
The blockchain gaming platform is also preparing to launch another title called NFT Park. Per its website, the NFT Park will comprise numerous mini-games players must win to obtain rewards. These lightweight games center around NFT and Honor World’s native token, HWT.
The developer said it aimed to “effectively integrate” DeFi, NFTs and GameFi to achieve a sustainable P2E model for its users, whose numbers and transaction volumes are increasing every day.
Honor World ecosystem, tokenomics
The gaming platform operates on the Artibrum blockchain, a Layer 2 network on Ethereum that aims to trim transaction fees and congestion on the main network. Honor World follows the Decentralized Autonomous Organization (DAO) principles, in which the community becomes the main authority of its operation.
Like other DeFi projects, Honor World encourages its users to participate in platform development. Honor World users can vote for critical changes that determine the DeFi project’s direction.
Users can create NFTs and showcase them on the platform. Honor World also accommodates game developers who want to develop games on it by providing the necessary infrastructure. Honor World users also get to own the platform’s native tokens and core NFTs.
The total supply of HWTs is capped at a billion and its distribution will follow a predetermined schedule. Honor World plans to distribute 40 percent of the total supply in the first year, 22.5 percent in the second year and 17.5 percent in the third. Meanwhile, in the fourth and fifth years, the developer will release 12.5 percent and 7.5 percent of the supply, respectively.
To reduce the total circulating tokens as time goes by, the developer will regularly purchase back these tokens via the DAO fault using ETH or USDC. These tokens will then be burned.
Change in priority
A study by the Blockchain Gaming Alliance revealed that the P2E model would see a major trend shift in 2023 as more blockchain gaming platforms focused on improving the gaming experience for users. Its survey, which involved 347 managers from 252 blockchain entities, showed 35.7 percent of respondents believed in this prediction.
The new survey was a significant change from the previous year’s survey. In 2021, 67.9 percent of participants said P2E would be the main drive of blockchain gaming. In the latest survey, only 22.5 percent thought that way.
DappRadar chief of research and analytics Pedro Heddera said “falling crypto prices and upcoming free-to-earn games” contributed to the recent shift in Web3 gaming. Blockminds co-founder Rowan Zwiers shared a similar sentiment, adding that the P2E model was unsustainable.
Despite the change, many experts said that the P2E model would prevail. That said, Mirai Labs co-founder Corey Wilton insisted that games that could “capture the casual everyday gamer” would be more profitable than these P2E games.