Elfin Metaverse, a GameFi metaverse project led by Binance and Jump Crypto, announced its entry into the BTC ecosystem.

2024-01-29 13:44

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Elfin Metaverse aims to provide an entry point to GameFi for all Web3 projects. Elfin Studio offers over 100 esports, social, and casual games. Web3 projects can collaborate with Elfin Metaverse to select a game, integrate their project IP and tokens, and

Source: Elfin Metaverse

Elfin Metaverse (formerly Elfin Kingdom Games), a GameFi metaverse project led by Binance (Binance Labs), Alameda Research, and Jump Crypto, announced on January 25, 2024 that the project has been fully acquired by Noiz Group (https://www.noiz-group.com), an overseas investment entity of Shengyang Group in Hong Kong, and officially entered the BTC ecosystem, becoming the first esports metaverse project under the Bitcoin blockchain ecosystem. The project is currently led by Leo Chou, former COO of Taiwan's largest listed game company, Gamania, and a team of more than 20 experienced game and blockchain developers responsible for the operation and development of Elfin Metaverse, including game development, planning, and art.

Elfin Metaverse aims to provide an entry point to GameFi for all Web3 projects. Elfin Studio offers more than 100 esports, social, and casual games. Web3 projects can collaborate with Elfin Metaverse to select a game, integrate their project's IP and tokens, and co-publish and operate the game on their Elfin Lands. Community users of the project can engage in daily PvP battles, participate in seasonal championship leaderboards, and other esports and social activities in the games they publish. A portion of the tokens generated on their Elfin Land will be allocated daily to all landowners, while the project can choose to destroy another portion of the tokens, gamifying the tokens and entering the expected deflation.

In addition to existing Web3 blue-chip projects, Elfin Metaverse also supports independent game development teams to release their games on Elfin Lands. The Elfin Metaverse community can also donate to the game, and donors will receive game tokens issued by the game publisher. Those who receive donations on Elfin Lands and successfully release games can also airdrop their game tokens to all landowners as a thank you to the Elfin Metaverse community.

There is also a game streamer alliance launched by Sky Wee, a mainstream game streamer from Singapore, on Elfin Lands. The alliance brings together hundreds of game streaming KOLs from around the world, who will live stream various esports games on platforms such as TikTok on Elfin Metaverse. Other game guilds and DAO organizations will also become key components of the entire Elfin esports game ecosystem, driving the development of the game economy of the entire ecosystem.

The economic benefits of Elfin Metaverse will be distributed to Elfin Land holders who have staked ELFIN tokens. As the core NFT assets of Elfin Metaverse, Elfin Lands represent the economic and functional rights of Elfin Metaverse. The initial total supply is 810,000, and it is the first NFT certificate issued on the Bitcoin mainnet through the Taproot protocol. Holders can upgrade small plots to large plots to unlock more functional rights and increase their earnings: participate in esports competitions; create and develop DAOs, communities, or game guilds; open stores to trade game points, props, accounts, and other assets; establish scholarship programs; issue games, NFT assets, and tokens.

Elfin Land will upgrade NFTs by merging land and consuming ELFIN tokens, achieving the expected deflation. 810,000 pieces of land will be merged into tribes, with 9 pieces of land as one upgrade unit, then into citadels, and finally can be upgraded to kingdoms. The total amount of land can be reduced to less than 10,000 pieces. At the same time, as the land is upgraded, the holders will gradually unlock more operational permissions on the metaverse land and gain higher profit weights.

The project has announced cooperation with dozens of Web3 projects including Dego, TurtSat, Math Wallet, LeverFi, etc. to jointly launch esports games. Elfin Metaverse will be launched in Q1 2024 and will open up the recharge of various cooperative project tokens. AMA will also be conducted in various project communities one after another, looking forward to all project community members joining hands to build Elfin Metaverse.

Elfin Land will be launched on January 29, 2024 at 8:00 PM (Singapore time) on the Taproot Assets protocol of the Bitcoin Lightning Network. The launch platform is Flash Protocol, with a total issuance of 810,000. Among them, 600,000 will be publicly and fairly minted, 100,000 will be reserved for the national treasury, 100,000 will be reserved for partners, and 40,000 will be reserved for former BSC NFT asset holders, of which 30,000 will be repurchased from the market by the team after the minting is completed.