Merit Circle Launching Its Chain

Mark Kennedy & Manuel Olumorin
April 19, 2023

GM GM. Welcome to Lootbox, your last line of defence from the flood of web3 gaming news.

Here are the gems we found for today

Gala Games is relaunching the GALA token
Merit Circle starting a new chain on Avalanche
ChainChronicles unveiled by SoG creator
The Sneakies - YGG adds a course of content creation
First Look: Wildcard Alliance

Gala Games Relaunching $GALA Token

One of the giants in web3 gaming, Gala Games, is relaunching its token.

What we know

They are sunsetting the $GALA token to launch the $GALA V2 (very original, right?). Once V2 goes live, the original would seize to be supported.
Holders of the $GALA token would receive 1:1 of the V2 token.
The new token would have a burn mechanism that they expect would lead to the value of the token increasing over time. The ETH play here?
A snapshot of current holders of the $GALA token and an airdrop of the new token is planned to begin on May 15, 2023.

Lootbringer's take

This is one of those Ethereum Merge moments. Gala has to knock the upgrade and transition out of the park. If not, their token could get crushed.

Merit Circle DAO Announces Its Chain

Merit Circle DAO, once upon a time a guild for P2E games, is continuing the general trend of gaming guilds pivoting their business models.

Now they are taking the next step in the pivot by announcing their own blockchain called Beam.

What is Beam?

Beam is a network focused on gaming built on Avalanche's subnets.

Everything we know

The network allows game devs easily deploy their games on-chain. Beam would cover things like smart contracts, asset management, gas optimized transactions, oracles for web2 games and marketplaces.
Devs can expect that the network would have minimal fees, quick transactions and the security of Avalanche.
The $MC token would be used as the gas token on the network.
Beam would launch with games and other products from day one.
But they are keeping the circle of projects that can deploy on the network tight for now by only allowing whitelisted addresses to deploy new smart contracts. Token holders can propose addresses Beam allows.
Some of the titles and products that are confirmed to launch on the network are Trial Xtreme, Walker World, Hash Rush, Edenhorde Eclipse, and Sphere. Some of these projects may not launch on day one.
An AMM would also be launched to enable users to provide liquidity and trade project tokens on the network.

EverdreamSoft Unveils New Collection, ChainChronicles

EverdreamSoft, the developer of the first tokenized TCG called Spell of Genesis (SoG), is launching a new collectible NFT called ChainChronicles.

ChainChronicles is a subscription series of NFTs that features monthly releases of collectible cards representing significant events in the blockchain universe. Definitely paying homage to SoG here.

The subscription series offers three different packs with various benefits and rewards, including SoG in-game benefits and rare vintage NFTs. These NFTs would allow collectors to own exclusive artwork and vintage cards that represent these events.

The Sneakies

YGG adds a new course on content creation and streaming to its Web3 Metaversity, taught by seasoned creator Een Mercado, acknowledging the growing demand for media that helps people learn and grow in the Web3 space.
XLA partners with MetaVerseBooks to integrate 'XLA Drops' and exclusive experiences from celebrities, starting with Brazilian superstar musician MCDaniel, reimagining fan-based engagement and extending the monetization strategy of the metaverse platform.
Square Enix partners with web3 gaming platform Elixir to drive mass adoption of web3 gaming among traditional gamers in a strategic move to generate visibility and adoption of web3 games.
The South Korean gaming powerhouse WeMade is participating in the first edition of University Gamedev League by being the official blockchain partner of Nine66. The contest will run for 5 months, with over 50 teams from 30 universities and 10 countries registered to participate.
Tower defense strategy game Immortal Siege from InfiniGods launches after they raised $9 million from Framework Ventures, Animoca and Pantera Capital last year. This is their second game after InfiniMerge.

First Look: Wildcard Alliance

Playful Studios (creator of Words With Friends and Lucky’s Tale) recently raised $46 million for its MOBA, Wildcard Alliance.

These folks have been working on this game off and on for five years. Now they're ready to share it with the world.

🚨🎮 FIRST LOOK: Wildcard Alliance 🎮🚨
🕹️ AAA Quality Graphics
🔥 Mind Numbingly Fun Gameplay
💥 Wild Pass Mint Tomorrow

📺👀 Watch, see for yourself.
Follow @PlayWildcard to not miss out!
#Web3Gaming#WildcardAlliance
— §cryptokade (@CryptoKade)
Apr 19, 2023

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