Taiwanese gaming developer Moonen has recently unveiled “Rise of Elves,” a blockchain-based play-to-earn (P2E) game for Philippine gamers.
The company said “Rise of Elves” has gained traction in various markets, including Japan, South Korea, Taiwan, Hong Kong, Vietnam, Thailand, and Singapore, amassing a player base exceeding 66,000.
The decision to launch in the Philippines is attributed to the country’s ranking of 4th out of 26 countries in the NFT Gaming Adoption Report of 2022, as per global fintech platform Finder, the company said.
Within the game’s universe, every Elf is represented as a unique NFT, composed of seven distinct parts, each exerting influence on the Elf’s performance in battles.
Players are afforded the flexibility to blend their Elves with “Heroes,” thereby introducing an additional layer of complexity to the gameplay.
The game has made strategic partnerships, including a collaboration with legendary boxer Manny Pacquiao, resulting in exclusive in-game content, along with joint ventures with gaming content creator Aningning and a prominent member of Team Payaman YOW.
The game’s token ecosystem comprises three tokens: Rise Of Elves (ROE) coin, Crystal Of Element (COE) coin, and Magic Book (MGB) coin, each serving specific in-game functions.
“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,” Johnson Chan, Mooneen’s Blockchain Architecture Development and Strategy Research specialist, said.
Mooneen’s vision for P2E games like “Rise of Elves” is to act as gateways, bridging the gap between traditional Web2 players and the evolving Web3 landscape.
“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,” Chan said.
Additionally, players have the option to acquire eggs for use within the game’s altar, enabling them to receive a monthly profit equivalent to 50% of the original value, for a maximum period of 12 months.
“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,” Chan said.