Web3 gaming, often called crypto gaming, has garnered significant attention from gaming enthusiasts, investors, and crypto enthusiasts. By integrating aspects of Web2 technology, crypto games serve as a bridge between Web2 and Web3, facilitating a smoother transition for mainstream users into the next era of gaming. According to the crypto gaming community, the future of Web3 gaming incorporates elements from poker, esports, and the popular game World of Warcraft, emphasizing competitive, skill-based games with open economies and cross-chain interoperability.
MixMob is a project focusing on the features above by developing the world's first card strategy racing game on the Solana ecosystem. The project continually expands its ecosystem by boasting a team of crypto experts with experience in renowned platforms like Halo, Nintendo, FiFa, PokerStars, and more. It actively engages in the creation of exciting new releases.
This month's review will explore various aspects, including tokenomics, the Racer 1 Game, and fundraising.
What is MixMob?
MixMob is a cryptocurrency gaming ecosystem that allows players to engage in competitive gameplay for cryptocurrency rewards and reinvest their earnings, attracting a growing participant base and delivering benefits to token holders. The flagship game, Racer 1, represents a fusion of thrilling racing experiences akin to Mario Kart and the strategic, card-based gameplay with resource management elements found in Clash Royale.
The core principles at the heart of MixMob revolve around racing, raiding, and remixing. Racing aficionados seeking acclaim and excitement focus on fine-tuning their MixBots for a competitive edge in MixBot Racers or challenging opponents on the Surface. For those inclined towards strategy, MixMob offers the opportunity to enhance MixBots through Surface raiding, gaining power and valuable rewards. Additionally, the platform caters to creative individuals through its Marketplace, providing a space where players can craft unique fashion and appearances for avatars and MixBots, ultimately constructing their cultural empires.
Video Source: MixMob Youtube Channel
Gameplay
Racer 1 is undergoing an incentivized open Beta phase, allowing players, known as "Raiders," to test the game before its widespread public release. Players can engage in Free Play (PvE Free to Play) or Arenas (PvP Paid or Free to Play) game versions. Distinguishing itself from other web3 games, MixMob doesn't necessitate players to possess a crypto wallet; they can register for the beta using a Google or Discord account and create an in-game wallet for transactions.
As mentioned, the game is free to play, offering both PvE and PvP modes. The accessible PvP mode doesn't require any payment, including for in-game NFT masks or SUD$. However, the paid PvP mode mandates players to acquire SUD$ for entry into the arena. Notably, Racer 1 differs from other games in that it isn't NFT or token-gated, eliminating the need for SUD$ or a mask to access and enjoy the game. Upon registration, players can select their card deck, each with specific abilities categorized under offensive, defensive, and remix. The strategic use of these cards during races distinguishes players who excel from their peers.
NFTs
In December 2021, MixMob minted 5,000 Gen0 masks. Each Mask was minted for 2 SOL and is exclusively available on Magic Eden. To ensure fairness, participants were limited to minting 1 Mask per wallet during the Presale and 2 Masks per wallet during the Public sale. Right now, there are 1,596 unique holders.
Image Source: Magic Eden
Gen0 Mask traits have the following traits:
Image Source: MixMob Player Guide
Fundraising
Undoubtedly, the MixMob project boasts a team of industry experts, with its roster comprised of veteran gaming developers who have contributed to the development of renowned games and gaming consoles such as Halo, Nintendo, FiFA, PokerStars, Disney, Battlefield, and Xbox.
In February 2022, MixMob successfully secured $7 million in funding during a round led by Defiance Capital. Noteworthy participants in this funding round include Ascensive Assets, Not3lau Capital, Solana Ventures, Morningstar Ventures, and individual investors like Kieran Warwick from Illuvium, Loi Lui from Kyber, and Danish Chaudhry, the CEO and founder of FMFW.io.
Tokenomics of $MXM & SUD$, and Game Economy
MixMob operates with two distinct tokens: $MXM and SUD$ (pronounced SUDS). $MXM is the governance token, enabling users to manage the league, incentivize players, purchase premium items, engage in Turbo Arenas, and explore various DeFi methods to enhance earnings. SUD$ functions as the in-game currency, allowing players to earn winnings, acquire items, and engage in gameplay mechanics while playing the game.
Players who are not interested in playing the game can still participate in MixMob by holding these tokens for several reasons:
- Revenue Sharing: Earn a portion of the revenues generated by MixMob.
- Referral Rewards: Bring new players into your Arenas and earn SUD$ and MXM.
- Governance: Influence the future and regulations of the League, Turbo Arena, and Crews.
In a nutshell, the token economy operates in a way that encourages players to recruit others, resulting in augmented yields and rewards. Introducing new Turbo Arenas enhances this dynamic by offering a higher APY, motivating players to engage actively. As the player base expands and more Arenas come into play, there is heightened competition among Arena stakers to draw in additional participants. Furthermore, players aiming to establish their Turbo Arenas must stake and maintain MixMob assets, adding to the overall vibrancy and competitiveness of the ecosystem.
What’s Next for MixMob
In the upcoming months, the team will continue to test the incentivized beta version of the game via players, tournaments, and focus groups. Everyone is welcome to sign up via the website. In the future, MixMob wants to expand to a ten-player race, offer higher card complexity, utilize AI to produce more game content, go cross-chain, and create decentralized Turbo Arenas.
Morningstar Ventures and MSV.GG looks forward to working with the MixMob team and to the game's public launch.
-------------------------------------------------------------------
Learn more about MixMob:
🌐 Official website: https://www.mixmob.io/
🐦 Official Twitter: https://twitter.com/MixMobOrigin
📜 Blog: https://mixmoborigin.medium.com/
🕹️ Discord channel: https://discord.com/invite/mixmob
