Metafighter: IMAGINE a BLOCKCHAIN Street Fighter!
Read Time:7 Minute, 24 Second
Now that I’m getting older, I’m also getting a weak for all things nostalgic. Back when I was a kid I used to play games like mortal kombat and street fighter for hours on end. Even on holidays if I saw a Street fighter arcade I just kept telling my parents to let me play. Now why could this be a project for you? Well firstly it’s because MetaFighter brings back all these good memories obviously… but secondly because the fighting game community has a passionate fanbase which is known for sinking hours and hours into their most favorite games in order to learn their favorite combos or to work on their skills. The competitive scene will be augmented through the ability to wager on their skills, put their talents to the test and also be able to play to earn.
Background
Now if we look at a little bit of background, video games were introduced in amusement arcades in the late 1970s and were most popular during the golden age of arcade video games, the early 1980s. Arcades became popular with children and particularly adolescents, which led parents to be concerned that video game playing might cause them to skip school. Designers experimented with a wide variety of game genres, while developers still had to work within strict limits of available processor-power and memory. The era saw the rapid spread of video arcades across North America, Western Europe and Japan. Now in the 90’s, the rise of the fighting game genre with games such as Street Fighter II and Mortal Kombat led to a resurgence of popularity in video games, with new locations opening in shopping malls and strip malls throughout the US. Eventually, the arcade industry took massive hits when the consoles started to become more popular.
The gaming market
According to their research, blockchain gaming only makes up 1.8% of the entire gaming industry with a huge growth expected for the next few years. In 2021 the gaming content market was set to 79.1 billion and the blockchain gaming market was only 1.5 billion. Following this, they had a look at the trends and you can see in this overview how well the fighting games did. Hence the reason they believe the fight game industry has a huge potential.
What is Metafighter?
Metafighter is play to earn and skill based fighting game on the Blockchain. It’s goal is to capture the essence of games like street fighter, virtua fighter and soul calibur. Two of which I’ve actually spent a lot of time playing. Metafighter consists of 6 core features. First, it has an arcade style fighting mechanism. Secondly, each fighter has unique characteristics and differs in things like design, fighting style, animation and story. Thirdly it’s NFT’s. You can trade, rent and lend dynamic NFTs. So the fighters, skins, experience booster, special powers and fighting arenas can all be moved around. The journey of Metafighter starts with a world map, which will allow you to select the desired fighting arena. This is common in most fight games. Then the final two things are staking and their marketplace. On the marketplace you can trade and exchange permissionless NFT game assets and their tokens can be staked for an NFT fighter, experience boosters, skins, and also unique items. The fighters of metafighter all originate from different time periods. The reason they choose for this is because that way they believe they will have a character for every player their taste.
Strength and weaknesses
MetaFighters have different strengths and weaknesses paired with special powers. Each fighter has unique characteristics, and differs in design, fighting, skills, and animation. Players can level up or develop the fighter by collecting EXP and developing their characters skills through the Fight-to-Gain, Fight-to-Earn and tournament game modes. It adds an RPG-like attachment to each fighter, synthesised in the value of the asset-add of their NFTs, which incentivises play time but also the desire to unlock new characters and build them up for other, newer, more casual players to get a headstart without upsetting the ranking. The attributes of your characters are divided in 5 attributes and levels. The experience will be balanced based on accuracy of punch, defense, combo and winning which will be controlled by the game mechanics.
Game modes of Metafighter
Metafighter has six game modes which all make sure that there is something for everybody. The first one is fight to earn which will allow you to play the game even if you don’t hold any Blockchain assets, which to me makes this accessible to basically everyone. Then, there is fight to earn because while playing this game and going through the world map, you can earn their Metafighter token while competing with other fighters around the world. Like many other games, metafighter also has a player versus environment and player vs player mode. Which basically allows you to work on your skills against computer enemies, and test you skills against real people like you and me. The final two one are the tournament mode which allows you to participate in different events and the fight to gain which will help you level up your character. From these game modes only the fight to earn will render you an income. Every fight consists of two rounds that are each 45 seconds long. The rounds continue until either the time runs out, or one fighter has been defeated. If the winner hasn’t been determined in two rounds, a third and final round will start which will determine the winner by best out of three.
Token and tokenomics
The same goes for Arena advertisements, NFT lending, NFT selling and staking. Now you’ve briefly heard me touch the topic a little bit but they also have a token for which the ticker is MF. The token is used as an in game currency, helps as an exp leverage, act as fighting rewards between two players that fight eachother and acts as a goverment token because it will allow you to vote for upcoming game art and features. For all you people that like numbers the total token supply is 1.5 billion and the team and advisors hold 15.33% with a 12 month cliff for the team and 6 month cliff for the advisors and a daily vesting of 24 months for the team and monthly vesting over 18 months for the advisors. Which is a bit odd to me to be honest why they diversified it like that but not something to worry about. One of the perks of this project is that it launches on the Binance Smart Chain, so that means low fees when trading or interacting with it. Holding the token will also give you an EXP boost. It starts with 50.000 tokens and ends with 250.000 tokens and the boost connected to it goes from 1,5 to 2.5 times.
Monetization
MetaFighter Game has different channels of revenue streams for players and companies. For players, we’ve already touched the topic like selling and renting NFT’s, staking tokens and so on. For the platform there can be advertisement placeing in the arenas, platform fees and so on.
Before we continue to the team and roadmap, please keep in mind that I’m not a registered financial advisor. These videos are not ment as financial advice but are ment to be educational and entertaining. If you want to learn more about crypto and talk everything related to it, join my Telegram which can be found in the description. Now let’s look at their team and roadmap.
Team and roadmap
Speaking of, their team except the CMO and Game advisor is doxxed and they can be found on their website. However, they do not have stories or links to their Linkedin page, which makes researching them a little bit harder. Looking at their roadmap it runs one more quarter and they are close to TGE. Be sure to follow all their socials to stay up to date on the latest news and hear about their latest releases.
and if you like to see the visual presentation of this article, please check out this video:
If you’re not done reading yet, I highly recommend to check out this article on Age of Dragons which is brought to you by MetaXSeed. For now, my name is Rico Richardson, thank you for watching and until next time: Doei!
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