You know it’s about to get thick when Facebook is involved.
In not a surprising move, the social media giant said it was rebranding to Meta and investing millions in developing its metaverse.
As if talk is cheap, the giant said it would employ 10k people in Europe to work on their defined metaverse.
If you are sweating to know what a metaverse is, think of a virtual world. You can further grab some popcorn and watch Spielberg’s Ready Player One movie to wrap your head around what’s going on.
Analysts are convinced the metaverse is the future of the internet and would spiral north of $85 billion by 2025.
Then, there would be better metaverses and, most importantly, cheaper gear with more exciting and immersive games.
Introducing Warena
Warena is about metaverse but with a twist.
Unlike Facebook, they are anchored on blockchain and NFTs keen on building on the widely popular Play-to-Earn (P2E) model.
And this is where things become interesting.
According to Warena developers, the Warena metaverse will not be like any other. Their game would be vast and super-realistic, with customizable characters incorporating NFTs, meaning players would earn while doing what they are passionate about.
A character can, for instance, be created directly based on a player’s digital avatar—a personal photo. After that, character modification can continue depending on the individual needs of the player.
The customization of characters and armaments is because the platform uses AI-Personalization technology for a realistic experience throughout a player’s adventures. What’s more, there is an interoperability element built in the Warena ecosystem.
Accordingly, NFT characters can interact with other assets and characters from parallel universes like Axie Infinity or My Defi Pet.
Survival and Warena Metaverse
Players get to engage in two phases of the action-packed thriller game dubbed Survival—which is in 2D—and Warena Metaverse, which will launch as a 3D game in early 2022.
The Survival phase of the game is marked by food, supplies, and general resource scarcity—the basis for the war and thrive.
Nonetheless, each version will be progressively improved, and player capabilities enhanced as the Warena ecosystem grows.
Every player needs to purchase these scarce resources, especially land, determined by the hero’s characteristics.
Warena players need to acquire and build resources on their land, creating a Stronghold to deter enemies and increase their clan’s wealth. They have to purchase multiple production accessories and facilities like defense or decorative houses to do this.
Power to the Player: Customizable Characters and NFTs
Warena clarifies that each character is unique and owned by the player as NFTs.
These valuable characters can be swapped and traded for real-world value via Warena’s P2E model.
Every player’s interaction is designed to create value for other players, developers, and the ecosystem.
Warena would reward players with a range of in-game assets that can be cryptocurrencies or in-game resources traceable on the blockchain for their participation.
To play, one must purchase characters either from Warena or the marketplace. Alternatively, they can lease a character for a fee.
Once ready, they can select warriors—NFTs—from their list to complete the required daily quests.
It should be noted that these warriors’ capabilities are continuously upgraded via winning battles, completing tasks, or even adding in-game items to each character.
In the Warena metaverse, completing the Dungeon Event earns the player a higher ranking and rewards.
Roles or races can be selected from the Infinity Combat: Innovation section. In all, characters can also cross-breed minting unique characters and races. Besides breeding, Warena allows a warrior to upgrade via another warrior of the same race through the Fusion feature. This way, the new character will have enhanced combat skills or power levels.
Warena has stated that Land can be purchased during the presale and from secondary marketplaces—the Binance NFT.
Land is unique and bears differentiating characteristics that make them attractive and valuable.
There will be four types of land: Fire, Water, Earth, and Darkness, each with varying rarity levels. Meanwhile, customizable skins can be bought during the presale, generated when the player has the necessary resources, or designs available for purchase from the secondary market.
Warena Team and Partners
A team of experienced industry leaders develops Warena.
- Binh Doan is the Project Manager
- Sandy Tran is the Marketing Manager
- Vu Hoang is the Project Technology Leader
In all, there are over ten members in marketing, game design, and development.
Advising the team are:
- Minh Doan—the ex-co-founder of Harmony One, is the project’s Blockchain Advisor.
- Paulus Pham—the Strategic Advisor who is the founder of Clovers Ventures
- Chao Ma—the Technical Advisor who ports previous experiences from Amazon.
To help realize their ambitions, Warena has partnered with platforms and venture capital firms, among others: Animoca Brands, Binance NFT, Clovers Ventures, DAOMaker, Genesis Builders, and more.
Warena (RENA and WARE) Tokenomics
Powering the Warena ecosystem are two tokens:
RENA is a BEP-20 token on the BSC which is central to the metaverse. Holders have a pass to play a game, earn rewards from staking, and participate in governance. The token is also a means of exchange between in-game assets and real-world hard currencies.
There are a total of 100 million RENA tokens.
RENA distribution is as follows:
- 98 million to the Project’s Treasury
- 27 million to the Foundation
- 16 million to the Team
- 10 million to the Ecosystem
- 12 million for Private investors
- 5 million to Advisors
- 4 million for Public Investors
Warena raised $100k from the token sale on DAOMaker on October 28.
Each token sold at $0.165, where 200 investors took part.
However, Warena raised $1.547 million in various IDO platforms, including GameFi, Ignition, and RedKite, with a big chunk raised during the Private Sale.
Currently, each RENA token is trading at $2.45, translating to a market cap of around $10.5 million from a circulating supply of $4.3 million. However, this is a contraction as the token hit over $3.5 in early November 2021.
The most active market for RENA is PancakeSwap and MEXC Global.
WARE is the in-game utility and currency useful in trading, exchanging, and improving a character’s capabilities. The role of WARE is to incentive participation keeping the Warena metaverse and ecosystem active. Players who engage in Battle Pass, Quest, random events, NFT Lease, or Dungeon receive WARE as rewards. Notably, WARE can also be swapped for real currencies or used for trading or summoning warriors.
There is 1,000,000,000,000 WARE presently distributed to 113 addresses, according to BSCScan.
Warena (RENA) Catalysts
- The Warena developers are part of an exciting movement integrating the metaverse, blockchain, NFTs, and crypto. These hot frontiers are being explored, presenting an opportunity for RENA investors who get in early.
- Warena is developed by a team of experienced developers, marketing specialists, and designers. Besides, their advisors are active in the space, offering valuable guidance.
- The platform is based on blockchain ideals and, therefore, decentralized. It gives RENA holders a hallway to make suggestions to improve the game directly.
- The launch from the interoperable, low-fee, and active Binance Smart Chain (BSC) is strategic. Gamers and NFT collectors/traders won’t have to worry about high gas fees or congestion. This directly boosts user experience.
- Warena NFTs are available in external marketplaces like Binance NFT. Accordingly, players can swap assets for other in-game items or even cash. It aptly realizes the developers’ goal of creating a beneficial and rewarding P2E system.
- Warena is certified secure, audited by Certik, meaning its code is flawless.
- The RENA token recently surged to over $3.5, pushing private and IDO investors’ ROI to over 20X. Even at spot rates, RENA investors are deep in the green, racking in over 10X from their initial capital outlay. This is an indicator of the project’s quality and conviction among gamers.
- The project is backed by heavyweights, including Binance and several crypto venture funds, highlighting their belief in the project developers—another net positive.
- Animoca Brands’ involvement and direct support of the project is a significant endorsement. They are specialists in game development and are directly invested in various gaming projects. Their participation and capital injection in Warena means their base is solid, their plans and roadmap clear, and their target market is potent. This may translate to big returns for RENA holders when the game is fully functional.
- The Warena metaverse is being developed. When writing, the Survival 2D game is live, while the 3D Game will launch in Q2 2022 as per their roadmap. This presents even more opportunities for RENA traders to capitalize once the project launches.
- The LAND presale is set for Q1 2022. Purchases will be made using RENA, a move that would push prices even higher.
- Warena’s NFT characters are customizable, making them unique. This differentiating feature is why the project is a standout, attracting capital and investors.
- Warena is supported on mobile and would initially focus on various markets, including South East Asia and Europe. These regions are game-active, giving Warena a solid base to build and develop their metaverse confidently.