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Pantera Capital interprets the chain game Summoners Arena: Farewell to high-intensity gold mining and return to the essence of the game

2022-02-23 15:21
Read this article in 18 Minutes
In-depth analysis of the reasons why Summoners Arena stands out from similar games from economic incentives, dual Token mode, and alternative game rhythms.
Original title: "Idle RPG "
Original author: Paul Veradittakit, partner of Pantera Capital
Original compilation: Tanker, Deep Chain Finance


At the beginning of 2022, the most eye-catching project in the encryption field will be blockchain games. With the success of companies such as Axie Infinity, Genopets, and Perion, the blockchain gaming ecosystem is gradually entering the mainstream circle. It is worth mentioning that the two high-profile categories of games and NFT have achieved each other in the Web 3 world, creating an amazing synergy. On the one hand, players can create a series of NFT assets in the game, and deepen their relationship with the game through social and financial investment in the game.


On the other hand, since the user's income will grow as he acquires more in-game assets, it can achieve self-sustainability and create a virtuous circle. In addition, the "play while earning" Play-to-earn model will also use liquid tokens to reward users who win in the game. This powerful combination brings users a more personalized and interesting gaming experience - subverting the traditional Web2 gaming world. However, despite the lack of a monetization model, Web 2 games are growing in popularity as players seek entertainment. According to statistics, half of American households now own game consoles. In 2021, people will spend 7.5 hours and 4.5 hours a week on online games and stand-alone games, respectively. A recent study found that nearly 40% of gamers around the world aspire to become professional gamers if there are no financial concerns, including a large number of young people who are also willing to try blockchain games. Statistics show that nearly half of gamers aged 18-35 are willing to quit their current jobs, and they are very willing to become professional gamers as long as they have financial security.  


Nowadays, blockchain games based on the Play-to-earn model provide players with a very interesting and lucrative and community-based solutions. As more and more players use these games to earn extra income, find a sense of presence in the gaming community, and increase their social experience, the Web3 game market has also begun to flourish and provide players with a perfect niche market. In 2021, the transaction volume of the NFT market will reach an astonishing $44 billion, and it is expected that the encrypted game industry will continue to grow rapidly in the future.


There is a company worth mentioning in the field of blockchain games, and that is Summoners Arena. The company launched A blockchain idle RPG (role-playing) game of the same name that runs on the BNB Chain, and NFT assets are also incorporated into it-almost all assets that players interact with are NFTs. This role-playing game combines traditional games and blockchain games, and has performed very well in the field of traditional games before. There is a dedicated channel on Youtube for users to watch idle RPG games. Three of the most popular titles from GameStop-owned video game publisher Kongregate are also idle RPGs. Notably, in mid-January this year, Microsoft announced that it had acquired leading game developer Activision Blizzard for nearly $70 billion.


Compared with traditional games, blockchain games give full play to the concept of idle RPG. Users can not only upgrade in the game, but also make money. By simply interacting with the Summonia and Summoners Arena worlds, players will be rewarded with tokens, and these tokens can be used to implement some in-game functions, such as summoning (casting in-game NFTs), upgrading heroes, and more. Leading blockchain VC fund Pantera Capital is proud to have invested in eSummoners Area's seed round, further deepening our involvement in the blockchain gaming ecosystem. In the past year, the performance of encrypted games has allowed us to see the amazing potential, and we are very happy to cooperate with the pioneers in the field of encrypted games.


About Summoners Arena


In the game Summoners Arena, there is a complete economy and community called Summonia, where users obtain assets and interact through NFT. The hero is the central character of the game and the user's portal into the digital world, and it can have many different attributes. Summoners Arena is a game built with the user experience in mind, ensuring that players can fully enjoy the game without having to worry about making money. Indeed, the primary goal of any game should be to get entertainment out of the game, because that's the real driving force behind it, the growth of the community, and the monetization of the game. Once the experience becomes fun and generates income, it will definitely attract more users to stay, especially when they make money in the virtual world, accumulate assets, and find a new relationship in a vibrant community. When you have your own place. The game offers two great game modes: PvE and PvP, each with a different environment that users can switch between.


Dual Token Mode


< p>Summoners Arena uses a framework similar to Axie  Infinity, that is, a dual-token model: one governance token, SAE, and the other for the in-game utility token, ASG, which can be used to reward players.


The main functions of the governance token SAE:


• Vote on the future development mechanism of the protocol ;


• Participate in advanced game features;


• Empower the Fractional ownership by owner;


• Rewards top players on the leaderboard;


• Available For players to spend and earn fees.


  SAE Economic Flow (Source: Summoners Arena)  


 Main functions of trading token ASG:


• Upgrade and summon heroes;


• Search for in-game merchandise;


• Parameterize user behavior and periodically rebalance supply to prevent Hyperinflation;


• Distribution based on game daily engagement;


• Based on player Progress distribution in the game;


• Can be destroyed to create new heroes, these heroes can then be used to mine more ASG for future development of the protocol vote.


  ASG Economic Flow (Source: Summoners Arena)  


Like other crypto games, the Summoners Arena protocol also allows players to earn tradable NFTs. In addition to liquid tokens, the game’s assets also include heroes, in-game merchandise, clothing, land plots, and guilds, each of which exists in the form of NFT. Heroes and in-game items have an unlimited supply, while plots and guilds have a limited supply and can only be purchased at the creation stage or on the secondary market.


• Lots are the rarest asset in the Summoners Arena game, followed by clothing, guilds, in-game items, and heroes. In-game items are divided into equipment, stones, or artifacts, and three identical in-game items can be "merged" into higher-level items.


• The rarity of heroes is divided into two fixed groups (common and mysterious), each group is divided into six factions: water, fire, abyss, nature , light or dark. Mystery heroes have more abilities than normal heroes and are easily distinguished by their appearance in the game. Hero classes include: Mage, Priest, Assassin, Ranger, and Warrior, each class assigning different characteristics and abilities to the heroes within it. Heroes compete with other faction heroes and strategize with their team to gain an advantage in the game. The game sets a certain degree of difficulty complexity and room for growth, allowing players to immerse themselves in it without feeling bored.


& nbsp; summoners arena hero hero hero hero hero hero hero hero hero hero hero Faction constraints (Source: Summoners Arena White Paper) & nbsp; & nbsp; < /blockquote>


Summoners Arena is backed by an experienced team with technology and blockchain experience, the current project; the two leaders are Manh Hung Tran and Nang Doan, who co-founded OneSoft Game Studios, has over 5 million daily active users and over 300 million game downloads on its PC game development platform. Both Manh Hung Tran and Nang Doan have extensive game development experience and work well with each other. Manh Hung Tran also serves as the co-founder of Onechain, a provider of blockchain-integrated solutions for game studios with over 25 fully self-developed games.


Frankly speaking, you can think of Onechain as a game studio, player community and content creator alliance, and operate based on DAO. Onechain's goal is to create an NFT game system that makes it easier for stakeholders such as players, guilds, and investors to participate in games, manage assets, share revenue, and more. There is a huge synergy between Onechain and Summoners Arena, for example: Onechain is a gaming solution platform for Summoners Arena, including helping the community grow, achieving sustainable revenue, and providing technical assistance to customers, thanks to Manh Hung Tran who previously worked on With successful experience in the field of blockchain games, Summoners Arena can complete game deployment and implementation with extremely high technical standards, and they can cope well with potential setbacks in the future. Additionally, the team has garnered interest from investors such as Coinbase Ventures and Impossible Ventures.


What makes the Summoners Arena game different?


Unlike other "earn as you play" games, Summoners Arena allows players to earn money after a long period of inactivity without penalty for not playing. In other words, players can develop "leisurely" in the game. Of course, the higher your participation, the greater the possibility of profit. In addition, the Summoners Arena game is built on Binance Smart Chain, which means they have access to Binance's large user base. Although the platform has some centralization issues, with Binance's endorsement, players may be able to enter the Summoners Arena digital game for the first time. More confident. Not only that, but Summoners Arena’s seamless user experience combined with BSC’s popularity and user trust will also attract Binance users who have never tried “play and earn” games. As working from home becomes the norm and virtual worlds become mainstream, many traditional gamers will also invest more time in-game to earn money, which in some cases should be more lucrative and exciting than the prospect of “working to work.” happy people.


In addition, there are many differences between Summoners Arena and other blockchain games. A recent survey revealed that respondents rated an interesting storyline and high-performance technology as the two most important indicators of a game. From this point of view, the world of Summonia full of fun and immersive experience combined with the advanced technology of Summoners Arena will undoubtedly meet the needs of players to the greatest extent.  


What about other games? Whether it's Axie Infinity, Perion, or Summoners Arena, there are players who can accumulate capital in one of these games and become experts at it. Once these players are fully committed to a game, and major platforms provide effective economic incentives, they will definitely choose to continue playing. In addition, once players are deeply involved in a game, they are less likely to choose another game. Usually, just gaining access to blockchain games requires expensive start-up capital, and once in the pit, players usually choose to stay in one of their favorite games for a long time and buy or trade more games internal assets. Generally speaking, the cost of Web 2 games is relatively cheap, while the cost of Web 3 games is relatively high, but if the respective characteristics of Web 2 and Web 3 are integrated, the effect of retaining players can be achieved, so these two economic incentives are mixed Summoners Arena measures the obvious advantages. In addition, as an "idle play and earn RPG game", Summoners Arena has low requirements for game expertise, and it is easy for players to get started, so it is easier to attract new users to join.


Looking to the future


With the popularity of "earn while playing" games and blockchain games, Summoners Arena is likely to become the first choice for many blockchain game players. Furthermore, due to its speed, ease of use and community, the game can also attract some "laymen" and provide them with an entry experience into the Web3 world. Not only that, Summoners Arena is also different from other similar products in terms of revenue model, "play and earn" model, leadership team and dual-token model, and this may be why Pantera Capital chose to invest in this project and cooperate with Summoners Arena and its The main reason for the deep cooperation of the community.


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