Crypto winters eventually come to an end as the prices of widely traded currencies come back, just as winter always gives way to spring. The same holds for in-game currencies like NCG. Therefore, Planetarium Labs decided to create Nine Chronicles for sustainable growth.
Nine Chronicles is Ready for Planetarium Labs’ Winter-Proof, Sustainable Growth
The publisher of the online game that the NCG token stands for, Planetarium Labs, devised a multifaceted plan to support the token’s price and boost investor trust when the token price dropped during the crypto winter.
The platform came to the conclusion that the best method to support the token’s value is to boost demand by offering players more things to do with it and by burning money made from player activity, whether it be in NCG or its wrapped WNCG form. The updated NCG 2.0 incorporates a redesign of the expenses and burn mechanisms. The strategy intertwines with a buyback program that was previously disclosed.
Participating on Multiple Platforms
Although it is traded on a number of exchanges, NCG is mostly used as in-game currency and a governance token. In order to increase the inclusion of NCG in games and associated goods, the platform is putting initiatives into place.
The expansion and restructuring of the game content for use across various mobile platforms and operating systems is at the forefront of those ambitions. Currently, the game is only accessible on PCs.
The development team claims that Nine Chronicles Mobile won’t just be a PC game’s simple mobile version. Instead, it’s a brand-new game with novel features, including in-app purchases, an open gacha system, and a fresh Web3 marketing strategy. The product is currently being developed. The current estimate of 20,000 daily active users is anticipated to rise by a factor of more than ten.
Feel the Burn, but in a Positive Way
A maximum of 50% of the NCG revenues will be burned by the platform. The strategic burn aims to boost NCG demand, protect the price from outside influences, and foster community trust among holders.
On the other hand, the team began a buyback with stablecoin reserves in December, and it is currently 46% finished. Additionally, the platform has established Solarium Labs, an investment division that fosters and promotes cutting-edge blockchain game and Web3 initiatives. Thus, it promotes NCG adoption.
The ecosystem fund will be run by Solarium Labs and will give grants and investments to initiatives that advance the growth of the gaming community and boost NCG use and burn. Participants from the community, such as gamers, guilds, builders, modders, and creators, will be in charge of the project.
What are the Other Plans?
Through Nine Chronicles Improvement Proposals circulated throughout the community, the platform disclosed its ambitions for converting the game to a proof-of-stake basis. As a result, the team will be in a better position to provide a Web 3 gaming experience that is scalable and more efficient technologies.
By collaborating with strategic partners like The Sandbox and forging alliances with other exchanges, the game is also expanding its in-game universe and economic environment. The game team hopes to significantly increase the use and adaptability of NCG with this initiative.
About Nine Chronicles
Based on Norse mythology, Nine Chronicles is a decentralized, open-source, free-to-play MMORPG. It is the first game created with the Libplanet.NET library. Without the use of a centralized server, the game is run on a peer-to-peer network of participants. The entire game is entirely on-chain, from creating an item to engaging in challenging combat.
About Planetarium Labs
The platform is a community-driven Web 3 game publisher committed to providing a scalable, meaningful environment where anybody can create, share, own, and make money. It raised $32 million in a Series A funding round, which was led by Animoca Brands.
It aspires to give massively multiplayer online games user control and creative freedom because it thinks that communities may create unlimited possibilities through decentralized innovations. The platform’s integrated team of core blockchain developers, game publishers, and Web3 content creators are all focused on forging strong connections between communities and technology.
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