First GameFi Metaverse Managed by DAO: BattleVerse

MetaversePlanet March 14, 2022Last Updated: August 14, 2024

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BattleVerse is described as a free peer-to-peer online game utilizing Blockchain and DeFi x NFT technologies.

Notably, BattleVerse stands out with its multi-chain technology, enabling the management of game assets through interaction with various blockchains. The game is designed to cater to a diverse audience, offering players the option to engage in profit-oriented competition in the Intergalactic Tournament, explore as an adventurer, become a renowned trader in the galaxy, or even assume roles like industry and factory owners, overseeing underground mycelium fields and peculiar gardens for a steady income.

The inception of the BattleVerse project stemmed from the aspiration to create an open, transparent, and community-driven collectible NFT game.

The governance structure of BattleVerse is embodied by the BattleVerse Council, responsible for editing and maintaining the protocol, as well as considering proposed improvements. BVC (BattleVerse Coin) holders have the ability to nominate candidates for council seats and delegate their votes to elect council members. Nominees undergo a formal voting period, and the results are determined by mvDAO, which compiles recommendations from the BattleVerse Voting Channel.

To address concerns of plutocracy and ensure a fair voting system, the governance mechanism aims to limit the voting power of large BVC holders.

This approach, widely utilized by other protocols, including grants, is deemed a fair method of weighing votes. The new governance structure is bifurcated into two main components: the BattleVerse Council, comprising candidates elected by BVC token holders for technical discussions and improvements, and safeguards to prevent disproportionate influence by major BVC holders.

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Batteverse Economy

First GameFi Metaverse Managed by DAO: BattleVerse

As per the provided information, the in-game economy of BattleVerse is entirely shaped by the players themselves. All items within the game market are open for collection, trade, and barter. The primary objective is to provide users, particularly those new to the realm of Play-to-Earn (P2E) games, with the opportunity to earn money while enjoying the gaming experience.

Players earn money for every action performed in missions, with in-game QZQ tokens being awarded for achievements in BattleVerse. These tokens can be utilized for character upgrades, staking various in-game structures, and more.

The game token, QZQ, is essential for leveling up characters, as only the most experienced warriors have the chance to breed different characters and create new unique individuals in the mysterious Intergalactic tournament organized by the ancient Quzers race.

In terms of the underlying blockchain protocol, all game assets are initially created using the BEP20 protocol and stored in the system wallet. The system subsequently updates transactions, placing all copies made within the system wallets through the base protocol into others. When a player purchases a game asset, the protocol ensures that it is sent to the player’s wallet.

If a player decides to switch platforms, they must initiate the transfer process by selecting the “switch to another protocol” function and transferring their assets to the new platform. The system migration process is akin to transferring an asset to a system address. Following transaction evaluations, the gateway transfers the same pool of assets to the player’s address in a different protocol, ultimately reaching the desired system address within the chosen protocol.

BattleVerse Metaverse: Web 3.0 Game Ecosystem

The BattleVerse universe is intricately designed, consisting of isolated regions or planets, each dedicated to a specific race. Within these regions, six distinct animal species, each embodying identifiable characteristics from both mythological and real worlds, coexist, thrive, and engage in competition.

The primary goal for these six races is to engage in battles, undergo evolution, and emerge victorious in the Intergalactic Tournament. Winning this tournament allows them the opportunity to breed various character types, creating new and unique heroes capable of thriving in the most challenging conditions.

An essential aspect of the BattleVerse universe is the presence of an ancient race known as the Great Elders, or Quzers. These Quzers serve as non-player characters (NPCs) throughout the game. They frequently organize Intergalactic competitions within their arenas and offer various opportunities for the development and entertainment of participants within their territories.

Users are actively encouraged to engage with the BattleVerse economic model, providing numerous options for character development and the realization of their character’s potential within the game. This participation allows users to shape the outcomes and experiences within the BattleVerse universe.