Project Reviews

This month's review will delve into various aspects of Dotmoovs, including the founding team, the $MOOV tokenomics, the app's gameplay, and recent partnerships. 

Dotmoovs - Project Review

This project analysis dives deeper into Fusionist’s gameplay, the founding team, and recent investments.

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<a href="https://www.fusionist.io/" style="text-decoration:none;">Fusionist</a> is a Sci-Fi AAA genre gaming enterprise aimed at uniting both web2 and web3 users. The project sets out to establish itself as the leading web3 gaming studio in the crypto gaming realm, and within a short span of time, it has garnered significant attention from investors, gaming experts, and developers.

Fusionist's core mission is creating a scalable and sustainable Sci-Fi universe Intellectual Property (IP) that caters to global players within a closed system. The project's key focus is to elevate the standard of web3 games by leveraging extensive experience and adopting cutting-edge game development methodologies and technologies, including Unity Technologies and their proprietary sidechain, Endurance Mainnet, built on the BNB Chain.  

<img height="271" src="https://coinfyi-uploads-production.s3.eu-central-1.amazonaws.com/posts/1179582/1691590778778" width="624"> 
Image Source: <a href="https://www.fusionist.io/" style="text-decoration:none;">Fusionist</a>

<h2 class="customH2" style="line-height:1.38;">The pillars of their vision include:</h2>

<ol>
	<li style="list-style-type:decimal;">
	Exceptional Visual Quality and Professional Content Distribution.
	</li>
	<li style="list-style-type:decimal;">A Sustainable In-Game Economy with a Deflationary Model and Real-Time Data Monitoring to Maintain Resource Balance.</li>
	<li style="list-style-type:decimal;">Esports Compatibility Prioritizing Skill-Based Gameplay, Collaborating with Investor FunPlus for Disciplines like CS:GO and Dota 2.</li>
	<li style="list-style-type:decimal;">Continuous Engagement of Diverse User Types, Catering to Community Supporters, Gamblers, and Gamers.</li>
</ol>

Fusionist's remarkable success is largely attributed to its experienced founding team, led by Co-Founder and Game Director, Ike T, boasting an impressive 17 years of gaming industry expertise. The project secured a substantial $6.6 million seed funding round co-led by Binance Labs and FunPlus, further validating its potential and appeal.

Since its unveiling, Fusionist has achieved impressive traction, amassing a massive following on social media without the need for extensive marketing efforts. The distribution of Alpha Prestige 500 NFTs for free led to a rapid surge in Twitter and Discord followers, establishing Fusionist as one of the most captivating projects in the web3 space.

<h2 class="customH2" style="line-height:1.38;">Gameplay and Technology:</h2>

Fusionist targets a discerning, high-net-worth gaming audience seeking intricate challenges. The game revolves around mechs and planetary exploration, with players assuming the role of a mech commander responsible for managing their planet, gathering resources, advancing technology, and building formidable mechs. To facilitate the complexities and microtransactions within the game, Fusionist developed its proprietary sidechain called Endurance on top of the BNB Chain, ensuring high processing capacity and cost efficiency.

<h2 class="customH2" style="line-height:1.38;">Developing on Unity Engine:</h2>

Fusionist utilizes Unity's engine with advanced components like HDRP, DOTS, and hexagonal lighting to push game development boundaries. Using Layered Lit materials, this enables a physically realistic game world and enhances visuals with Screen Space Reflection. Activating these effects significantly improves graphics quality.

<h2 class="customH2" style="line-height:1.38;">Building the Endurance Network:</h2>

Endurance, a BNB chain sidechain, supports Fusionist games and social apps. It offers a sustainable and scalable blockchain infrastructure for gaming and social networking. Endurance is based on the BAS design, providing high throughput, low gas fees, and a stable fee system. The native token $ACE is used for operations and is gamified for earning through missions and daily rewards. $ACE Domains provide decentralized naming for wallets or websites, adding deflationary mechanics to the ecosystem.

The game encompasses three interconnected genres: Colonize (Build Simulation), Conquer (Tactical RPG with PvP and PvE battles), and Unite (4x Strategy SLG). These diverse game stages allow Fusionist to appeal to various types of gamers while maintaining cross-platform compatibility and emphasizing high-quality visuals and captivating gameplay. 

<img height="321" src="https://coinfyi-uploads-production.s3.eu-central-1.amazonaws.com/posts/1179582/1691590778927" width="624"> 
Image Source: <a href="https://www.fusionist.io/" style="text-decoration:none;">Fusionist</a>

<h2 class="customH2" style="line-height:1.38;">Final Thoughts:</h2>

Fusionist's ascent in the web3 gaming space is truly remarkable, driven by its unwavering commitment to delivering high-quality gaming experiences and pioneering technologies. With ongoing beta testing and future game launches, Fusionist is poised for continued growth and success in the dynamic world of web3 gaming.
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Fusionist - Project Review

This article provides an overview of Bware Labs, its flagship product Blast API, the recently launched $INFRA token, and the company's journey towards empowering Web3 development

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The cryptocurrency infrastructure and development tools industry has experienced exponential growth and innovation, driven by the increasing adoption of cryptocurrencies and blockchain technology. However, challenges persist in accessing the blockchain in a decentralized, reliable, and fast manner. <a href="https://bwarelabs.com/" style="text-decoration:none;">Bware Labs</a>, a forward-thinking company, has emerged as a pioneer in building a comprehensive solution for decentralized blockchain access. 

This article provides an overview of Bware Labs, its flagship product <a href="https://blastapi.io/" style="text-decoration:none;">Blast API</a>, the recently launched $INFRA token, and the company's journey towards empowering Web3 development.

<h2 class="customH2" style="line-height:1.38;"> </h2>

<h2 class="customH2" style="line-height:1.38;">Bware Labs - Revolutionizing Crypto Infrastructure:</h2>

<a href="https://bwarelabs.com/" style="text-decoration:none;">Bware Labs</a> is a pioneering company that develops innovative infrastructure solutions and tools for the crypto industry. Recognizing the demand for high-performance, decentralized, secure, and accessible infrastructure, Bware Labs embarked on a journey to create a decentralized solution that could underpin the next generation of decentralized applications (dApps) without relying on centralized networks.

Blast API - Empowering Web3 Developers:

Bware Labs's flagship product, Blast API, is a subscription-based API platform supporting multiple chains and networks. With support for over 43 networks and 24 chains, including prominent ones like MultiversX, Aptos, Sui, Starknet, and Arbitrum Nova, Blast has processed over 100 billion API calls. Its cutting-edge proprietary solutions for proxying and routing user requests result in industry-leading response times and unparalleled reliability. With 4,000 weekly active users and over 50 enterprise customers, Blast API has become a go-to infrastructure platform for Web3 developers.

Comprehensive Infrastructure Solutions:

Bware Labs offers various other products, including Faucets, Snapshots, App Chains, Validators, Bridge Operators, and Indexing services, further solidifying its comprehensive infrastructure solutions provider position. By providing a wide range of services, Bware Labs aims to cater to the diverse needs of Web3 participants and drive widespread adoption of decentralized technologies.

<h2 class="customH2"> </h2>

<h2 class="customH2">Founding Team and Fundraising Success:</h2>

Founded in 2020, Bware Labs owes its success to a talented team of individuals with blockchain, software development, and cybersecurity expertise. The team has grown to include over 50 members with a strong commitment to achieving the company's vision. In February 2022, Bware Labs achieved a significant milestone by securing $7 million in its Series A funding round. Noteworthy investors showed their confidence in the company's vision and potential, including Infinity Ventures Crypto, Woodstock, Hypersphere Ventures, and more.

<h2 class="customH2"> </h2>

<h2 class="customH2">The Role of $INFRA Token in the Blast Economy:</h2>

On May 30th, 2023, Bware Labs launched the highly anticipated $INFRA token, ushering Blast into a new era of permissionless operation. The $INFRA token is crucial in incentivizing operators to join the Blast protocol with their blockchain nodes, ensuring a decentralized and reliable platform. It rewards top-performing nodes while penalizing those that fail to meet quality requirements.

 

<img height="365" src="https://coinfyi-uploads-production.s3.eu-central-1.amazonaws.com/posts/1179580/1691589890370" width="624">

Image Source: <a href="https://bwarelabs.com/" style="text-decoration:none;">Bware Labs</a>

<h2 class="customH2"> </h2>

<h2 class="customH2">Earning More $INFRA:</h2>

Bware Labs provides several opportunities for stakeholders to earn additional $INFRA tokens. Stakeholders can participate in Staking Pools available on the Blast Explorer, earning APY based on pool performance. Moreover, they can triple their assets by joining the "Stake across the Galaxy" competition, registering for pit stop raffles, or competing for guaranteed $INFRA rewards.

 

<h2 class="customH2">Final Remarks:</h2>

Bware Labs stands as a leading player in the crypto infrastructure and development tools industry, offering innovative solutions to address the challenges of decentralized blockchain access. With Blast API and the introduction of the $INFRA token, Bware Labs is making significant strides towards its vision of a decentralized, reliable, and high-performance Web3 infrastructure. Despite challenges in a competitive industry, Bware Labs continues to grow and evolve, promising to be a driving force in shaping the future of the blockchain ecosystem.
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Bware Labs - Project Review

This analysis dives deeper into the tokenomics, founding story, and product of XDEFI Wallet. 

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In the rapidly expanding world of cryptocurrencies and decentralized finance (DeFi), having a comprehensive and user-friendly multi-chain wallet is paramount. While popular wallets like MetaMask have their strengths, they often fall short in catering to users who operate across multiple chains. To address this market gap, <a href="https://www.xdefi.io/" style="">XDEFI Wallet</a> emerges as a game-changing Chrome extension wallet, gaining significant attention and support within the crypto community.

 

<h2 class="customH2" style="line-height:1.38;background-color:rgb(255, 255, 255);">What is XDEFI Wallet</h2>

Founded by Emile Dubié and David Phan, both with extensive experience in traditional finance and successful startups, XDEFI Wallet debuted in 2020 and entered closed beta testing in 2021. The wallet now boasts an impressive roster of 30 supported chains, including EVM-compatible chains, Cosmos/Tendermint, Bitcoin UTXO, Solana, and NEAR frameworks. Its ambitious roadmap includes expanding support to over 180 chains by early Q3 this year, positioning XDEFI Wallet as one of the most versatile multi-chain wallets.

<img height="316" src="https://coinfyi-uploads-production.s3.eu-central-1.amazonaws.com/posts/1179584/1691591762899" width="624">

Image Source: <a href="https://www.xdefi.io/" style="text-decoration:none;">XDEFI Wallet</a>

At the core of XDEFI Wallet's mission is providing users with a seamless and intuitive platform to perform myriad tasks. The wallet empowers users to effortlessly swap and bridge over 10,000 assets across 30 blockchains, surpassing the capabilities of major exchanges like Coinbase and Binance. Offering a frictionless onboarding process and unlimited withdrawals, XDEFI Wallet puts complete control over digital assets in the hands of its users. Additionally, the wallet seamlessly integrates with decentralized applications (dApps) across all supported blockchains, while a customizable gallery allows users to showcase their NFTs from different chains, facilitating seamless portfolio management.

 

<h2 class="customH2" style="line-height:1.38;background-color:rgb(255, 255, 255);">$XDEFI Tokenomics: Staking and Earning from Swap and Bridge Fees</h2>

The $XDEFI token operates on a veModel token mechanism, a design pioneered by Curve, which offers a unique and rewarding experience for token holders. By staking $XDEFI, users can earn a share of the swap and bridge fees generated within the XDEFI ecosystem. This innovative approach allows token holders to actively participate in the platform's revenue generation.

XDEFI generates revenue from various sources, including swaps conducted within the wallet and through its Web App and the single-sided staking feature called "Zaps."

The revenue model of XDEFI is designed to benefit its community. Notably, 75% of the net revenue generated from all swaps, bridging, and staking is used to buy back $XDEFI tokens on the open market. These repurchased tokens are then rewarded to token holders who have staked their $XDEFI.

The swap fees on XDEFI vary between 0.3% and 0.5%, depending on the transaction size. Swaps with a value of less than US$300 incur no charge fees, making them cost-effective for small transactions. Swaps conducted via the THORChain DEX aggregator carry a 0.3% fee, while swaps through other routes have a 0.5% fee, which is significantly lower (41% less) than the charges imposed by competitors like MetaMask and Phantom as of January 20, 2023. Moreover, the single-sided staking (Zaps) feature incurs a fee of 0.25%.

As the adoption of the XDEFI Wallet and Web App grows, the volume of swaps is expected to increase, leading to higher swap fees. This rise in swap fees is projected to create more buying pressure on $XDEFI, potentially resulting in greater rewards for $XDEFI stakers. As a result, the growth of the XDEFI ecosystem has the potential to benefit both users and token holders alike. Users can actively contribute to and benefit from the expanding XDEFI ecosystem by participating in staking and leveraging the innovative revenue model.

 

<h2 class="customH2" style="line-height:1.38;background-color:rgb(255, 255, 255);">User Experience &amp; Fundraising</h2>

XDEFI Wallet takes pride in its user-friendly interface, simplifying blockchain operations and making them accessible to all users. The innovative swap functionality allows for easy trading and migration of funds across various chains. Gas abstraction is another team commitment, enhancing the user experience by eliminating the need for users to worry about gas when dealing with different chains.

The project has garnered recognition and funding from renowned institutional venture capital firms, including Mechanism Capital, Sino Global Capital, CoinGecko, DeFiance Capital, Animoca Brands, and Morningstar Ventures. This support has contributed to XDEFI Wallet's rapid growth, positioning it as one of the fastest-growing wallets in the industry with a 5-star rating on the Google Chrome store.

 

<h2 class="customH2" style="line-height:1.38;background-color:rgb(255, 255, 255);">Advantages, Challenges, and Future Plans</h2>

While XDEFI Wallet shows promising potential, it faces challenges in a competitive multi-chain market. The emergence of similar projects may pose difficulties in gaining market share. Additionally, the self-custodial nature of the wallet might be less appealing to mass audiences than custodial alternatives. Overcoming these challenges and ensuring scalability and performance as the user base expands will be crucial to the project's continued success.

Looking ahead, XDEFI Wallet is focused on launching three key initiatives: the highly anticipated XDEFI Mobile App, a gas abstraction feature for an enhanced user experience, and gradually open-sourcing the platform over the coming year.

 

<h2 class="customH2" style="line-height:1.38;background-color:rgb(255, 255, 255);">Final Remarks</h2>

XDEFI Wallet's feature-rich, secure, and user-friendly design makes it a leading contender in the multi-chain future of crypto management. With extensive chain support, an innovative token mechanism, and a commitment to user education, XDEFI Wallet is poised to play a pivotal role in shaping the future of DeFi and decentralized crypto experiences. As the XDEFI ecosystem expands, the $XDEFI tokenomics model is set to drive value for all stakeholders, making it an exciting and promising project within the crypto community.
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XDEFI Wallet - Project Review

This project analysis delves into Apeiron, providing insights into its founding team, tokenomics, business model, and unique gameplay.

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The gaming industry is fiercely competitive. The emergence of blockchain technology and Web3 gaming has widened the market, but many Web3 games need more creativity, merely incorporating NFTs and tokenomics into existing Web2 games. Successful game developers prioritize enjoyability, accessibility, and innovative gameplay to gain traction and increase their market share.

A game aiming to revolutionize the Web 3 gaming industry is <a href="https://apeironnft.com/" style="text-decoration:none;">Apeiron</a>, the first play &amp; earn God game on the blockchain. Apeiron empowers players to experience godhood and introduces Web2 gamers to Web3 through accessible and enjoyable gameplay.

This project analysis delves into Apeiron, providing insights into its founding team, tokenomics, business model, and unique gameplay.

 

<h2 class="customH2" style="line-height:1.38;background-color:rgb(255, 255, 255);">What is Apeiron, Founding Team, and Fundraising:</h2>

<img height="225" src="https://coinfyi-uploads-production.s3.eu-central-1.amazonaws.com/posts/1179579/1691588301848" width="624"> 
Image Source: <a href="https://apeironnft.com/" style="text-decoration:none;">Apeiron</a>

Apeiron positions itself as the blockchain's first play &amp; earn adventure God game. Developed by Foonie Magus, it operates on a decentralized ecosystem built on the Polygon blockchain. The game combines NFTs and DeFi in a fast-paced card-based combat and simulation gameplay inspired by classic God games like Populous and Black &amp; White. Since its inception, Apeiron has attracted around 140K wallets and 94.5K users to its online game.

The founding team, led by CEO Frank, COO Orange, and CTO Gem, comprises experienced professionals in blockchain and gaming. Apeiron raised over $17M in its seed round, with $3M from pre-seed investments and $10M from seed investments, led by Hashed and supported by other Venture Capital firms.

 

<h2 class="customH2" style="line-height:1.38;background-color:rgb(255, 255, 255);">
Tokenomics, Business Model, and Marketplace: </h2>

<img height="320" src="https://coinfyi-uploads-production.s3.eu-central-1.amazonaws.com/posts/1179579/1691588301604" width="624"> 
Image Source: <a href="https://apeironnft.com/" style="text-decoration:none;">Apeiron</a>

Apeiron's tokenomics model revolves around the marketplace and a monetary reward system, which plays a crucial role in governance, staking, and yield farming. At the core of Apeiron's in-game operations lies its tri-token system, consisting of:

<ol>
	<li style="list-style-type:decimal;">
Apeiros (APRS): As the governance token, Apeiros is the primary utility token for PvP tournament rewards. Its utility extends to minting new NFTs, staking treasury rewards, and participating in voting on governance matters.
</li>
	<li style="list-style-type:decimal;">
Anima (ANIMA): Operating as the play-to-earn token, Anima allows players to earn rewards by winning and minting tokens. The supply and demand of Anima scale is based on the number of active users, creating an engaging and dynamic ecosystem.
</li>
	<li style="list-style-type:decimal;">
Ringularity (RNGU): This premium token is distributed during large-scale events like Guild level tournaments. Obtaining RNGU is challenging as it follows a win-to-mint mechanism, requiring active community participation. Its utility includes bidding on new seasonal NFTs, engaging in tournament betting, and other exciting features.
</li>
</ol>

The team's core focus is empowering players by giving them ownership of their creations within Apeiron's NFT Metaverse. This sense of ownership is further augmented by the play-to-earn token Anima. As players progress in the game, they can earn Anima, which they can either reinvest in the in-game economy to advance their gameplay or exchange it in the marketplace for cryptocurrency, providing additional incentives and avenues for players to engage with the game. 

The business model centers around gameplay, the tri-token system, and the marketplace. This approach allows players to control and shape virtual civilizations using NFTs. The project generates revenue through various channels, including marketplace transactions, NFT sales, merchandise, staking, yield farming, and governance.

 

<h2 class="customH2" style="line-height:1.38;background-color:rgb(255, 255, 255);">Gameplay, Marketplace, and NFTs:</h2>

The heart of Apeiron's gameplay is on Planet NFTs, where players wield divine powers as Godlings to influence adorable creatures known as Doods in real-time card-based combat. Breeding Planet NFTs and acquiring in-game assets through the ANIMA token enhance player utility.

Players can reshape their Planets using the elements of air, water, fire, and earth, influencing Doods' societies and miracles. The unique Planet NFTs can be bred through Celestial Conjunctions, which offer opportunities to increase godly power or gain profits through sales.

Engaging in procedurally generated dungeons rewards players with Dood Apostles, who can fight alongside their avatars. These dungeons also feature Artifacts, bosses, unique events, and colorful characters. Apeiron's gameplay combines God-Game Simulation and Action-RPG elements, complemented by three main NFT types: Planets, Stars, and Relics.

 

<h2 class="customH2" style="line-height:1.38;background-color:rgb(255, 255, 255);">Final Remarks </h2>

Apeiron's strategic NFT engagement, intricate gameplay, and unique positioning offer growth potential. Nevertheless, the tri-token economy might discourage some casual players. Providing clear tutorials and attractive core loops will be essential for successful onboarding. 

Apeiron's innovative approach, supported by a dedicated team and active community, positions it as a promising project that seeks to revolutionize the God game genre in the blockchain gaming industry.
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Apeiron - Project Analysis

Cantina Royale is an action-packed blockchain game that bridges the gap between Web2 and Web3 gaming. This analysis will cover the project's tokenomics, gameplay, and upcoming roadmap.

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The global blockchain gaming market has experienced an extraordinary surge, projected to reach a staggering <a href="https://www.businesswire.com/news/home/20221229005222/en/Blockchain-Gaming-Market-Report-2022-Increase-in-Investments-in-Blockchain-Games-and-P2E-NFT-Trends-to-Drive-Growth---ResearchAndMarkets.com" style="text-decoration:none;">$65.7 billion by 2027, with an impressive CAGR of 70.3%</a>. This remarkable growth can be attributed to the increasing demand for decentralization, interoperability, ownership, and the allure of monetary incentives, which are fundamental pillars of P2E games.

<a href="https://cantinaroyale.io/" style="text-decoration:none;">Cantina Royale</a> is an action-packed blockchain game that bridges the gap between Web2 and Web3 gaming. At its core, the game is a top-down tactical arcade shooter that centers around captivating online multiplayer battles. Its primary mission is to onboard the next billion gamers into the world of blockchain gaming by seamlessly integrating the best aspects of Web2 and Web3 gaming, creating a user-friendly experience for players of all backgrounds.

 

<h2 class="customH2" style="line-height:1.38;">What is Cantina Royale?</h2>

The development team behind Cantina Royale has undertaken significant efforts to streamline the onboarding process, particularly for Web2 and beginner Web3 users. They have successfully designed a game that is as accessible and straightforward as any other popular mobile game. Including features like single sign-on (SSO) sign-up, in-game tutorials, and an in-game marketplace for borrowing NFTs eliminates the need for downloading wallets or purchasing crypto, removing common barriers to entry.

<img height="351" src="https://coinfyi-uploads-production.s3.eu-central-1.amazonaws.com/posts/1179581/1691590164689" width="624"> 
Image Source: <a href="https://cantinaroyale.io/" style="text-decoration:none;">Cantina Royale</a>

This thrilling gaming experience is built on the robust <a href="https://multiversx.com/" style="text-decoration:none;">MultiversX</a> (formerly Elrond) blockchain and operates on the powerful <a href="https://verko.io/" style="text-decoration:none;">Verko Layer 2</a> gaming protocol. As a result, Cantina Royale has garnered substantial adoption, attracting crypto enthusiasts and non-crypto native players. With over 27,000 total downloads and an impressive average of 2,300 daily active players, the game's popularity continues to surge.

 

<h2 class="customH2" style="line-height:1.38;">Fundraising, Tokenomics, and Lending Platform</h2>

To fund its development, Cantina Royale successfully raised $4.5 million in a funding round led by MultiversX and Mechanism Capital, along with support from various institutional investors.

Cantina Royale utilizes its native token, $CRT, for functional utility in the game's ecosystem. It is a secure and convenient mode for NFT transactions, enabling gameplay rewards, NFT purchases and influencing the game's governance. With a total supply of 1,000,000,000 $CRT, players can trade NFT characters, earn staking rewards, and participate in Special Events, enriching the gaming experience. $CRT plays a crucial role in the metagame and will be essential for crafting with the upcoming addition of NFT weapons.

<img height="412" src="https://coinfyi-uploads-production.s3.eu-central-1.amazonaws.com/posts/1179581/1691590164701" width="624"> 
Image Source: <a href="https://cantinaroyale.io/" style="text-decoration:none;">Cantina Royale</a>

A standout feature of Cantina Royale is its innovative Lending Platform, designed to address skill gaps and barriers for newcomers. This platform empowers players to borrow NFTs without requiring prior knowledge of crypto or NFTs, promoting inclusivity and accessibility. With benefits for lenders, NFT holders, and borrowers, this player-centric approach exemplifies Cantina Royale's commitment to delivering an engaging and rewarding gaming experience.

 

<h2 class="customH2" style="line-height:1.38;">Final Remarks</h2>

As Cantina Royale looks ahead, it faces competition in both the blockchain gaming space and the broader traditional gaming industry. To carve a unique niche, the game's mechanics must carefully balance catering to new and existing players, steering clear of a pay-to-win dynamic.

Overall, Cantina Royale's play-and-earn approach and dedication to making blockchain gaming accessible to all demonstrate its potential for continued success in the rapidly growing blockchain gaming market. By remaining agile and adaptive to industry trends, Cantina Royale has the opportunity to solidify its position as a game-changer in the competitive gaming landscape.
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Cantina Royale - Project Review

This analysis focuses on Walken, the pioneering move-to-earn project and the first play-to-earn mobile app that rewards users with $WLKN tokens based on their steps. 

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The cryptocurrency space has experienced a surge in move-to-earn projects focused on the health and fitness sector. The global fitness app market reached <a href="https://www.globenewswire.com/en/news-release/2022/10/26/2541533/0/en/Global-Fitness-App-Market-Size-Share-to-Surpass-15-2-Bn-by-2028-Vantage-Market-Research.html#:~:text=26%2C%202022%20(GLOBE%20NEWSWIRE),period%20of%202022%20to%202028." style="text-decoration:none;">$5.1 billion in 2021 and is projected to grow exponentially at a CAGR of 17.6% from 2022 to 2028</a>. This growth is driven by factors such as increased smartphone and wearable device adoption, rising healthcare costs, and escalating obesity rates worldwide.

The rise of gamification has played a key role in encouraging people to adopt healthier habits. While many struggle to meet recommended physical activity levels, fitness and move-to-earn apps have become essential in motivating individuals to embrace healthier lifestyles.

These move-to-earn games make fitness enjoyable and provide users with opportunities to earn extra income through in-game NFTs, tokens, and blockchain-based rewards. The emergence of play-to-earn and move-to-earn projects has seen substantial growth in the Web3 and gaming industry, with the GameFi market cap reaching <a href="https://crypto.com/research/gamefi-past-present-and-future-overview-traditional-gaming-industry" style="text-decoration:none;">$55.38 billion in February 2022.</a> Additionally, the blockchain gaming industry is projected to outpace traditional gaming's growth rate by ten times, reaching $50 billion by 2025. 

This analysis focuses on <a href="https://walken.io/" style="text-decoration:none;">Walken</a>, the pioneering move-to-earn project and the first play-to-earn mobile app that rewards users with $WLKN tokens based on their steps. Beyond promoting a healthy lifestyle, Walken aims to onboard the next billion users to Web3 by offering a user-friendly product that allows people to earn money by simply walking.

 

<h2 class="customH2" style="line-height:1.38;text-align:justify;">Walken and Its Founding Team:</h2>

Walken is a free-to-play, walk-to-earn, and win-to-earn mobile app game built on the <a href="https://solana.com/" style="text-decoration:none;">Solana </a>blockchain. Developed by the GetFit Apps team, a Web2 mobile app, and gaming studio with a remarkable track record of over 60 million downloads in the fitness app sector.

The concept of Walken materialized in late 2021, and the team swiftly released a prototype in early 2022. Within just five weeks of its launch, Walken soared to become one of the Top 6 projects on the Solana blockchain. Over the course of eight months, the app garnered over 1 million users and surpassed the significant milestone of 2.5+ million off-chain users, demonstrating robust global interest despite challenging macroeconomic conditions.

The co-founders of Walken, Alexei Porodzinsky, Alexei Kulevets, and Konstantin Kozlovsky, have an impressive history of collaboration through their ventures, GetFit Apps, and Appyfurious. With a team of 50 in-house professionals, they are dedicated to realizing Walken's vision.

 

<h2 class="customH2" style="line-height:1.38;text-align:justify;">Fundraising, $WLKN Tokenomics &amp; Recent Successes:</h2>

In June 2022, Walken successfully closed its funding round, raising $4.7 million in a co-led investment by Infinity Ventures Crypto and Shima Capital, along with other institutional investors like Ghaf Capital Partners and Morningstar Ventures. The project also completed successful public sales (IEOs) on prominent exchanges, including ByBit, Huobi, and Gate.

Walken's in-game economy is powered by its native token, $WLKN, based on the Solana blockchain, with a total supply of 2 billion tokens. The value of $WLKN closely ties to user behavior, with more active players contributing to a higher token price.

Walken operates on its native token, $WLKN, built on the Solana blockchain with a total supply of 2 billion tokens. The $WLKN token plays a crucial role in the in-game economy, ensuring stability while enabling players to earn rewards through gameplay. The token's value is closely tied to user behavior, meaning that increased player activity, such as walking, earning, trading, and purchasing in-game NFTs, leads to a higher price for $WLKN.

Currently, the app boasts 218K unique monthly on-chain users, 553K on-chain users, and a massive user base of over 2.5 million off-chain (free-to-play) users. Impressively, Walken attracted 40K users within the last 24 hours alone. Moreover, the app has been downloaded over 2.5 million times across the App Store and Google Play platforms.

For more detailed information about the $WLKN token sale and allocation strategy, interested parties can refer to <a href="https://docs.walken.io/tokenomics/tokenomics-of-walken" style="text-decoration:none;">Walken's Whitepaper.</a>

Between June and September 2022, the team successfully maintained a sustainable token economy. The project experienced a net token inflow of 107 million, surpassing the token outflow of 79 million, resulting in an overall positive net token inflow of 28% over the four-month period. This achievement can be attributed to the utility of $WLKN within the app. Notably, the in-game marketplace, commissions, NFT breeding, and level-up rewards contributed to the token's positive performance. During the same period, the project recorded an impressive annual revenue of $9.6 million, which included earnings from both $WLKN and $SOL through various revenue streams, such as NFT sales, marketplace fees, and in-app purchases (IAP). 
 

<img height="624" src="https://coinfyi-uploads-production.s3.eu-central-1.amazonaws.com/posts/1179583/1691591387250" width="624">

Image Source: <a href="https://walken.io/" style="text-decoration:none;">Walken</a>

 

<h2 class="customH2">Final Remarks and Roadmap:</h2>

In conclusion, Walken has established a strong foundation with a sustainable token economy, a robust tokenomic model, and high demand for $WLKN tokens, leading to a positive net token inflow of 28% over four months. The app's steady growth has resulted in a user base of over 2.5 million engaged off-chain users, indicating growing interest and positive user sentiment.

Looking to the future, Walken's exciting roadmap promises various new features, including Daily Quests, new race modes, tournaments, in-game currency utility, offline events, partnerships, and social features. These initiatives are expected to enhance user engagement and drive further growth in the on-chain user base, solidifying Walken's position as a strong contender and a viable use case in the evolving Web3 landscape.
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