Hoping to boost competition between multiple communities, the creators of the NFT game to play and earn Alien Worlds today announced the launch of in-game DAOs – or decentralized autonomous organizations – under a new model of planetary guilds.
Alien Worlds is an NFT powered game where users collect and trade unique digital items that are primarily minted on the WAX blockchain. Players compete to earn an in-game Alien World Trilium (TLM) token, which is necessary to dominate one of the six competing DAOs. The Alien World token is also available on Ethereum, and its token and some NFTs are available on the BNB chain.
A DAO is an online community united by a common cause or goal, with an organizational structure where control is distributed among the community rather than centralized and hierarchical. DAOs use smart contracts – a token that powers independent applications – where participants use governance tokens to vote on various proposals.
“It’s the first time in history that DAOs have been put into a game to compete against each other as teams and contract or create their own NFT,” said Alien World co-founder Sarojina “Saro” McKenna. Decrypt.
As explained by McKenna, syndicate members earn board tokens by staking TLM, after which they can vote to help manage the DAO and its digital assets. DAOs can also collaborate in the game and compete against other groups. Although Alien Worlds spans three blockchain platforms in different ways, DAOs are specifically built on WAX.
“These are DAOs on WAX because you can build a good protocol level [multi-sig wallets]that lend themselves to securing strong and scalable DAOs for delegated democracy,” McKenna said.
McKenna pursued one problem with DAOs, which is the lack of member participation compared to the large coffers they sometimes have. “Conversely, you can also have pure rent as some whales drain money,” she added.
McKenna said that building on WAX allowed alien worlds to create “good decentralized democratic DAOs.” In the future, McKenna sees more of these types of DAOs built on Ethereum Virtual Machine (EVM) compatible blockchains as multi-signature tools continue to improve.
“It’s great to have an active community that loves the metaverse and builds its own cool stuff,” McKenna said. “It’s great to have scale, because scale plus decentralization equates to the potential for long-term stable growth.”
NFTs are unique coded tokens associated with digital and physical content, and provide evidence of ownership, authenticity, or membership in a group. In Web3 games, NFTs allow players to own the unique digital assets they purchase, such as pet monsters or spaceships, and are free to trade or sell NFTs as they wish.
While Alien Worlds does not have the massive NFT trading volume of the Ethereum-based game Axie Infinity in its infancy, blockchain data indicates that it has a large pool of active players. DappRadar reports that around 635,000 unique wallets have joined the game in the last 30 days, putting it behind only Solana/BNB Gameta platform.
However, it is unclear how many individual users each of these wallets represents. Alien World’s terms of service prevent players from using multiple wallets to gain an advantage, but McKenna said there’s no way to ensure that players don’t get around this requirement.
“we [try to] It makes playing Alien Worlds unattractive” Decrypt“So that our active players have a great experience.”
According to data from the WAX NFT Atomic Hub Marketplace, Alien World’s NFTs on the platform have generated a total of about $42.7 million in trading volume so far but only about $4,600 in the last 24 hours.