Play-to-Earn Weekly | Ethernal Elves Protocol LP Launch, EtherOrcs Updates, and MORE
Welcome to Lucky Trader's weekly roundup of the top play-to-earn news. Each week, we'll cover everything you need to know about the top P2E games and projects, focusing on their upcoming releases, game updates, and more.
This week, we're talking about: the launch of the Ethernal Elves LP, EtherOrcs Dungeons, Zed Run, The Red Village, and Mintbase funding.
Ethernal Elves Launches New Liquidity Pool and Elven Wallet
This week, the Ethernal Elves team closed down the game for 48 hours in order to introduce the new liquidity pool, updated "prism bridge," and the Elven Wallet.
The team has created separate contracts on Ethereum and Polygon in order to utilize the bridge for future releases in the ecosystem.
In addition to the updated Prism Bridge, the team is also deploying a $REN contract to Polygon, where pREN will be used as the the primary in-game token going forward.
Finally, Ethernal Elves has moved up to third place in passive yield token rankings after new Protocol Owned LP sees close to $250,000 in liquidity in just 24 hours.
NFT Token Yield Rankings🏆:
— Crypto Kermit 🐸 (@crypto__kermit) April 20, 2022
(April 20th, 2022)
⭐️ @EthernalElves making a strong debut back into the chart as new Protocol Owned LP is introduced and LP moves up to >$250K in liquidity
Top 3:
🥇 @EtherOrcs
🥈 @SquishiverseNFT
🥉 @EthernalElves#NFT #NFTs #NFTCommunity pic.twitter.com/IZ6mVxKRtj
EtherOrcs Dungeons Launch and Game Loop
EtherOrcs has been ramping up marketing and collaboration campaigns as they close in on the upcoming release of EtherOrcs Dungeons.
Sneaky Vampire Syndicate and Kaiju Kingz have already formed partnerships with EtherOrcs, as they look to expand their market reach and onboard new players.
These partner projects will have the opportunity to claim a dungeon pass, which will grant temporary access to dungeon crawls with a preset Horde, allowing them to earn a limited amount of loot.
The EtherOrcs team also revealed an updated Game Loop, which will be the standard for future gameplay in the ecosystem.
The new Game Loop is outlined as such:
- Gear your Horde
- Take on the Dungeons
- Earn Chests based on Score
- Craft New Equipment and Items
The recent Discord announcement outlined plans to become the "first fully built out player owned web3 MMORPG."
Zed Run Talladega Cup and Derby Day
This week the Zed Run team launched a tournament called the Talladega Cup, which only grants access to qualification for NASCAR PASS holders.
Stable Owners that hold a NASCAR PASS can still qualify up until April 24.
The total prize pool for the Talladega Cup includes $75,000 and eight pairs of VIP Garage Passes and Grandstand Tickets to the October 2, 2022 Talladega NASCAR event.
The 144 horses that qualify automatically receive $100, and the remaining prize pool for the core tournament ($50,000) will be allocated to the 48 winners in each distance funnel.
The Grand Finals will consist of five races with prizes including an $11,865 pool and a number of garage passes to giveaway.
The Zed Run team also revealed an updated outline of Zed Day 2022, which will be hosted on May 7, 2022.
Read more on the Zed Run Derby Day here.
The Red Village Easter Championship
This past weekend, The Red Village hosted the Easter Championship, which had the largest prize pool yet.
The project continues to grow and gain traction as a number of Champion Holders have turned to Twitch to stream the daily tournaments and fighting.
The Red Village community has also been calling for more higher-tiered fight entries, seeing "free and $2 dollar" entries fill immediately.
As we roll into week four of successful tournaments, The Red Village unique user count is one thing to keep an eye on as more equity may look to funnel into this play-to-earn ecosystem.
@TheRedVillage community begging for more $30 Legendary & Bloodbath fights in just week 4 of the alpha is pretty damn bullish. 🐂
— AKidFromCompton (@AKidFromCompton) April 18, 2022
Free and $2 tournaments across all classes are full 2 hours before they start. 💯
People want to PLAY AND people want to EARN. 🔥🚀🩸 #TRVGMI pic.twitter.com/VL55egrf5l
Mintbase Raises New Funding
Yesterday, Mintbase announced a new round of Series A funding worth $7.5 million dollars, in addition to a $5 million dollar grant.
The funding round was primarily led by Woodstock Fund, with direct support from Coinbase, Libertus Capital, Figment, Animoca Brands, and other global investors.
The new funding pool will be allocated strategically into developing the new digital economy through implementation of "seasoned teams that focus on web 3.0 ticketing, music, and gaming platforms."
Mintbase believes the future or "third cycle" coming will be spearheaded by "WASM" chains such as NEAR, Polkadot, and Solana.
Announcing $7.5M Series A + Up to $5M @NEARProtocol Grants Program@Woodstockfund @coinbase @SinoGlobalCap @animocabrands @Figment_io Libertus @FundamentalLabs and more!
— Mintbase 🌿 (@mintbase) April 19, 2022
And a whole new interface to boot! https://t.co/lNN6g9uEvK pic.twitter.com/sllJKKSQup
Stay up-to-date with Mintbase via their Twitter linked above.
Upcoming Mint: War Kittens
War Kittens is a unique collection of 9,500 NFTs created by @scythecollects and @0xKittenDev (Sesco) that live on the Ethereum blockchain.
The project launches today at 5:00 pm ET at a price of 0.077 ETH in presale, with a price bump to 0.088 ETH for public sale expected to start at 9:30 pm ET.
War Kittens is a fully on-chain project that incorporates PvP strategy gaming mechanics, inspired by MMORPG Runescape.
War Kittens introduces an easy, yet risky gameplay to the ecosystem with two options: attack or defend.
Read more about War Kittens gameplay mechanics here.
