With all the hype surrounding blockchain-based multiplayer games, CoinMarketCap takes a deep into Star Atlas, a massive blockchain-based, space-themed, multiplayer video game that takes place in a futuristic science fiction setting in 2,620.
NFTs, the internet's latest obsession, are set to have a huge impact on the gaming industry. This novel technology can transform the economic potential of the online video gaming industry.
Combine NFTs with the gaming industry using the concept of the metaverse, and you will be a witness to an evolution that is striking the technological world.
Start Atlas is one such project that is setting the pace for the next generation of gaming. With a dual token economy, Star Atlas is building a virtual gaming experience set in the distant future.
Star Atlas players get to travel through the vast emptiness of space in search of precious NFT-based gems. It combines blockchain mechanics with NFT-based in-game items and a unique graphics technology to create a metaverse experience.
What Is Star Atlas (ATLAS and POLIS)?
Star Atlas is a blockchain-based, space-themed, grand strategy video game built on the Solana blockchain. It is a massive multiplayer metaverse set in the distant future, in the year 2,620.
The gaming platform explores some of the recent technological breakthroughs by using Unreal Engine 5’s Nanite to create cinematic quality video games and visual experiences.
Players on the Star Atlas metaverse can trade, obtain and create non-fungible tokens (NFTs) within the Star Atlas universe thus enjoying an economy that reflects the tangibility, ownership, and value of real-world assets.
Star Atlas is built on the Solana blockchain and, therefore, stands to benefit from the network’s transactional throughput that supports an extremely high 50,000 TPS (transaction per second).
Solana is touted as one of the fastest, most secure, and censorship-resistant blockchain networks providing an open infrastructure from which decentralized applications can be built. Solana also features affordable transaction fees averaging at about $0.00025 per transaction.
Star Atlas Gameplay
The universe of the Star Atlas game is expansive, and players have to embark on lonely and challenging journeys riddled with countless perils as they gather resources and compete to outsmart other players in the metaverse.
Players can construct entire cities and build micro-economies in the game or even collaborate and form decentralized autonomous organizations (DAO) to govern specific regions. Players can even extract real-world monetary value from the virtual in-game items they collect while playing. Unlike most centralized gaming platforms that restrict reselling and full ownership of in-game items, Star Atlas fully embraces decentralization. Players will have full ownership of the assets they accumulate in the game with the opportunity to sell those NFT-enabled in-game items on secondary NFT marketplaces.
The whole idea is to encourage the monetization of the time spent in the Star Atlas game, thus enabling a real-economic benefit for participation.
Incentives In Star Atlas Game
At its core, the Star Atlas game is designed to mimic how blockchain works with incentives for sustaining and securing the Star Atlas ecosystem.
For instance, the grand strategy aspect of the game will incentivize players where they claim staking to expand their empire using offensive and defensive tactical plans. Therefore, while the player interacts with the gaming platform, they contribute to the security of the network.
The game also features an exploration aspect where players can fly a spaceship with a crew into the vast and void darkness of the Star Atlas universe in search for rich claims that can be staked or mined. Out there in outer space, players can find hidden surprises as their virtual activities help in mining and finding blocks.
Deflationary Assets In Star Atlas
Star Atlas also features an innovative deflationary mechanism that enables players to engage in riskier activities for greater rewards. For instance, a player might explore the deepest regions of the metaverse, thereby, forfeiting the safety of the safe zones to achieve greater rewards. As the player enters the darkest regions of the game, the NFT-based spaceship they are using to travel might get lost or experience permanent destruction. This will trigger a burning process of the asset and those players that survive the challenges of the danger zones will claim the spoils of battle from the salvaged NFTs.
Adding to the deflationary nature of NFTs on Star Atlas, certain in-game items will be consumable and, therefore, destroyed as soon as they are used. These items will include construction materials, fuel, and other items that give a player’s avatar a temporary boost.
Star Atlas DeFi Financial System
In addition to using the Solana blockchain, Star Atlas features direct integration with the Serum DEX (decentralized exchange).
Thanks to Serum’s integration, Star Atlas players will be able to interact with smart contract-enabled DeFi platforms while in the epicenter of the gaming experience.
This will enable players to borrow or lend a variety of Solana or Serum assets. They will also have access to automated market making on various liquidity pool pairs where they can earn trading fees as well, not to mention yield farming opportunities that offer higher yields.
What Is Star Atlas (ATLAS) Token?
ATLAS token will be powering the economy of this entire metaverse. Initially, players will have to leverage their ATLAS token to acquire in-game NFT items such as a crew, a spaceship, land, and other necessary equipment to play the game.
Simply put, this token is set to be the platform’s native token and a unit of accounting. ATLAS will also serve as the dominant currency on the Star Atlas NFT marketplace.
ATLAS Token Distribution
To begin with, 80% of future minted ATLAS tokens will be rewarded to players with outstanding performances in the game. Out of the initial ATLAS, 20% will be distributed to stakeholders. 45% will go to mining stations, and another 15% will be used for gathering resources for the platform’s development.
What Is Star Atlas (POLIS) Token?
POLIS is the governance token in the Star Atlas metaverse. POLIS token holders will therefore be able to influence the decision-making of the Star Atlas development team.
POLIS Token Distribution
Distribution for this token will be conducted in two stages. 20% of the supply of the token will be sold during the first phase of Galactic Asset Offering. The rest of POLIS will be distributed as rewards to those who stake their tokens.
Conclusion: Venturing Into The Future Of Gaming
Star Atlas is paving the way for the future of the NFT-based blockchain gaming industry. The platform's integration of NFTs, blockchain technology, and virtual reality gaming experience is a great start in connecting players in a thriving DeFi enabled economy.
The platform's dual token economy is built on Solana, thus enabling a thriving ecosystem where players get to participate in the project's future trajectory even as they benefit from the platform. With the ATLAS token, players will be able to earn NFTs and trade them in an open marketplace. They will also be able to go on adventures to uncover hidden gems.
To complete the entire experience, Star Atlas will deploy real-time graphics technology using Unreal Engine 5’s Nanite, thus giving players a visual video gaming experience like no other.
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