Play2Earn

Overview
Metaverse Platforms?
Product stageSegments
Minimum Viable Product
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Pure-play gaming platforms
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Play2Earn is the developer of My NFT Wars, a free-to-play, browser-based Web3 MMORPG metaverse gaming platform launched as a joint venture between crypto game developers iLogos Game Studios and Blockchain Cuties Universe. The game features a play-create-own model that leverages NFTs and the $GMFI token, powered by the ImmutableX blockchain. Players can earn tokens through victories in battles and raids, which can be used to purchase NFT characters, land pieces, dungeons, raids, arenas, and other features. Other game features include NFT breeding (where heroes can be bred and developed with varying stats, rarity, class, skills, and visuals), NFT Dungeons (for PvE combat), NFT Arenas (for PvP combat), NFT Guilds (to team up with other players), and DAO Governance (allowing players to stake tokens, earn battle ratings, and more).

Play2Earn is a part of the Samurai Starter acceleration program and in August 2022, it launched a demo version of the game. As of January 2024, the platform was in its closed alpha testing phase, with anticipation of the full game to be launched between Q4 2024 and Q1 2025.

Key customers and partnerships

The company partnered with multiple key players from the gaming and entertainment industry, such as Warner Bros. Games, Electronic Arts, Ubisoft, Disney, and Supercell, among others.

Funding and financials

In February 2022, My NFT Wars raised USD 2 million in a funding round co-led by Social Discovery Group and crypto collectible game developers Blockchain Cuties Universe and iLogos Game Studios. Details of the utilization of funding remained undisclosed.

HQ location:
Kyiv UKR
Founded year:
2021
Employees:
11-50
IPO status:
Private
Total funding:
USD 2.0 mn
Last Funding:
USD 2.0 mn (Series A; Feb 2023)
Last valuation:
-
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