Research Summary
The report discusses Overworld, a GameFi project that has gained significant traction since its launch. It provides an overview of the game, its NFTs, the upcoming native token, and the team behind the project. The report also outlines the potential growth of Overworld in the GameFi ecosystem.
Key Takeaways
Overworld’s Popularity and Performance
- Impressive Launch: Overworld has seen over 4000 ETH in volume within a week of its launch, making it the most hyped mint of H2 2023. It has over 100,000 followers on Twitter, 75,000 whitelist applicants, and 53,000 daily quest participants.
- Strong NFT Performance: The Overworld NFTs are currently at a floor price of 2.63ETH, a 17.5x increase from mint.
Overworld’s Game Design and NFTs
- Game Design: Overworld is a cross-platform online RPG set in a fantasy world with visually captivating anime-inspired graphics. It offers rewarding battles, diverse landscapes, and valuable items for crafting and trading.
- NFT Collections: Overworld currently has two NFT collections available for purchase: the Genesis Incarna PFPs and the Supporter Key. The team has hinted at a token ($MNCT) that will be airdropped to NFT holders at a later date.
Overworld’s Native Token – Manacite ($MNCT)
- Token Launch: The native token of the Overworld ecosystem, Manacite, is expected to be launched in Q1 2024 and listed on a “Tier 1 CEX”. The total supply of the token is 20,000,000,000.
- Token Allocation: 65% of the tokens are allocated for player rewards, 20% for the ecosystem/treasury, and 15% for community/marketing initiatives.
Overworld’s Team and Partners
- Experienced Team: The Overworld team is led by individuals with deep expertise in the gaming sector, including Michael Tong (CEO), Jeremy Horn (COO), and Yitao Guan (CTO).
- Strong Backers: Overworld’s parent company, Xterio, has strong backers including Binance Labs, Animoca Ventures, and Hashkey.
Overworld’s Future Prospects
- Positive Outlook: The report suggests that Overworld is an extremely promising project and one of the better bets in the GameFi ecosystem so far.
Actionable Insights
- Monitor Overworld’s Performance: Given its impressive launch and strong NFT performance, it could be beneficial to keep an eye on Overworld’s progress in the GameFi ecosystem.
- Research the Potential of $MNCT: With the upcoming launch of Overworld’s native token, Manacite, it may be worth researching its potential impact on the game’s economy and its potential for growth.
- Consider the Impact of Overworld’s Team and Backers: The experience of Overworld’s team and the strength of its backers could play a significant role in the project’s success. It may be beneficial to consider these factors when evaluating Overworld’s potential.
