EtherWizards, a blockchain-based gaming platform, has announced its launch. The project aims to combine GameFi and NFT technologies and seeks to reshape the approach to gameplay and in-game assets, granting players true ownership of virtual items and interactive opportunities within the game.
What is EtherWizards
EtherWizards is a gaming platform built on blockchain technology. According to the announcement, each in-game creature or item is a unique token that can be collected, upgraded, and sold, providing players with complete freedom to manage their resources.
Unlike traditional gaming models, EtherWizards intends to solve the problem of lacking real asset ownership. To accomplish this, the creators plan to introduce:
- Collectible and Upgradable Characters: Each character in the game is a unique NFT with individual attributes, skills, and development paths.
- PvE and PvP Battles: Players can participate in battles against both the computer and other players.
- Land Ownership and Crafting: Users can acquire land plots, build on them, and develop their territory.
The Economy of EtherWizards and the EWRDS Token
The EWRDS token lies at the core of EtherWizards’ economic model, serving as the medium for all in-game transactions. This asset functions not only as a means of exchange but also as a key governance element of the platform.
- Acquire In-Game Assets: Players can use EWRDS to purchase NFT characters, land, and various equipment.
- Governance: EWRDS holders can influence the platform’s development by participating in votes and important decisions (DAO).
- Earning Opportunities: Players can earn tokens by battling, completing quests, and expanding their holdings.
What to Expect
EtherWizards aims to make its mark in the gaming space by introducing innovations such as blockchain integration and real asset management. However, this is not the first project with such ambitions. Ubisoft previously introduced its first NFT-based game on the Oasys blockchain. User reactions were mixed — while they praised interesting gameplay mechanics, particularly strategic combat and team battles, they disliked the heavy emphasis on NFTs, high costs of tokenized characters, and VIP status systems.
It remains unclear whether an unknown company can capture a niche that even major players have struggled to master. What do you think?
Read more about the project in white paper.
This post is for informational purposes only and is not an ad or investment advice. Please do your own research making any decisions.