• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news
Crypto.com Logo
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play GamesTry
  • Play Casino GamesTry
  • Free SpinsTry
  • Play FinanceTry
No Result
View All Result
Breaking News: How Uniswap Was Deployed On The Binance Smart Chain
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play GamesTry
  • Play Casino GamesTry
  • Free SpinsTry
  • Play FinanceTry
No Result
View All Result
NewsBTC
No Result
View All Result
Breaking News: How Uniswap Was Deployed On The Binance Smart Chain

Monsterra Tackles Existing NFT Gaming Issues via Free-To-Play-To-Earn Model

NewsBTC by NewsBTC
1 year ago
in Company News
Reading Time: 3 mins read
Advertisement

The gaming industry is going through a dramatic evolution. The rise of NFT gaming has led to an explosion in play-to-earn games whereby players can earn and own digital in-game assets to sell at their discretion.

Despite this rapid growth, players typically face high entrance fees, poorly designed gameplay, imbalanced tokenomic models, and high gas fees, creating barriers to entry that can harm further adoption in the niche.

Monsterra seeks to change all that with a free-to-play-to-earn model that lets gamers play and earn for free without imposing any upfront cost. While earning is a central part of the game to incentivize player loyalty, the focus is on building an exciting and inspiring gameplay experience to keep it fun. It is also designed with an innovative dual token model to slow down inflation and sustain a balanced in-game economy. Also, users pay no gas fees to get started with Monsterra, instead only paying a transaction fee when converting their assets into NFT items.

Don't wait! Jump on this Crypto Deal and get a 150% Welcome Bonus plus 100 Free Spins on your deposit today!
570% up to 12 BTC + 300 Free Spins for new players & 1 BTC in bonuses every day, only at Wild.io. Play Now!

Monsterra Ecosystem

Monsterra is a dual chain-based game on the Binance Smart Chain & Terra networks, inspired by the gameplay of Axie Infinity, Clash of Clans, and Boom Beach. Set in a fictional world, Monsterra revolves around farming, property building, and battling other lands and players using magical creatures known as Mongens, guardians of Monster Terra.

Mongens

The main Mongen characters divide into five races known as Beast, Tectos, Mystic, Celest, and Chaos. The creatures are used for production, defending lands, and launching attacks.

Each character’s stats are calculated via unique DNA codes based upon race, traits, and rarity figures. Rarity is further classified into common, uncommon, rare, epic, and legendary, with Mongens leveling up to improve their skills over time and an unprecedented breeding mechanism to create hybrid characters.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?

Plots

Plots are the building blocks of the Monsterra world, with eight plot types serving different purposes, namely core, pasture, breeding, hatching, food production, food storage, barracks, defense, and decor plots to craft the ideal environment.

Land

To connect plots, users need to use a land framework defined by several rarities and diverse themes with different limitations on development. There are various methods for users to acquire land, which can be individually customized and farmed to produce an in-game currency used to feed and nurture the Mongens and train their troops.

In-Game Currency

Monsterra applies an innovative dual token model, utilizing MSTR and MAG to ensure the sustainability and scalability of the in-game ecosystem.

MSTR

MSTR is the primary Monsterra token, used for transactions like purchasing land, marketplace items, or other in-game activities, with a limited supply of 100 million.

Users can stake MSTR, as well as NFTs, in innovative staking pools and yield farms to receive rewards from the game as a shared revenue stream while still being able to use the assets for game activities. Players also need MSTR to participate in the governance of the Monsterra DAO.

MAG

MAG is a secondary token used across Monsterra. It has an uncapped supply regulated via a burning mechanism. The MAG token can be minted via quest completion, battle victories, and DAO voting. It is then burned via gaming activities including breeding, evolving, fusion, skill learning, and plot upgrades.

Gameplay

To get started in Monsterra, players can claim free in-game items including one default land and two Soulcores to incubate for new Mongens. They can then engage in a series of game activities across four different battle modes, nurturing their Mongen squads to expand territory and earn rewards from battle victories.

Adventure Mode

In Adventure Mode, players send Mongen squads to explore and attack new lands for hidden reward tokens. Players land in NPC territories and use tactical strategies to overcome obstacles and extract maximum resources from the soil.

Boss Challenge Mode

Boss Challenge Mode players lead Mongen armies to conquer surrounding lands inhabited by dreadful beasts. If victorious, the land will belong to them, and their territory further expands.

Battlefront Mode

In this mode, players take on other players, raiding their lands to obtain the resources of opponents as rewards for winning Mongen battles. If attacking players fail, they will have to pay rewards to the successful defensive landowners.

Arena Mode

Arena Mode allows players to enter arena battles, fighting it out against other Mongen squads to win betting rewards. Players participate by betting a fixed amount of MAG tokens. The winner receives the full amount, and the loser is deducted a 5% fee for the game.

Roadmap Ahead

Monsterra’s INO and IDO are anticipated by the end of the year. Q1 2022 should deliver an NFT marketplace, staking and yield farming services, and the DAO, alongside the launch of Adventure Mode. The remaining battle modes are expected to be delivered between Q2 and Q3 2022 before Monsterra scales up to become multi-chain and multi-platform.

 

 

 

Tweet123Share196ShareSend
Win up to $1,000,000 in One Spin at CryptoSlots
NewsBTC

NewsBTC

Related Posts

Love Power Marketplace: a fundamentally new approach to NFT trading

Love Power Marketplace: a fundamentally new approach to NFT trading

11 hours ago
Multi Wallet Launches Unique Cryptocurrency Wallet with MSB License and Fiat Integration

Multi Wallet Launches Unique Cryptocurrency Wallet with MSB License and Fiat Integration

13 hours ago
Blockchain-based eSports Platform, Moxy Launches Its Flagship Beta Challenge Competition

Blockchain-based eSports Platform, Moxy Launches Its Flagship Beta Challenge Competition

1 day ago
CoinEx Enables Access to Web3 Platforms: Attracting Entrepreneurs, Office Workers, and Speculators to the Decentralized Web Trends

CoinEx Enables Access to Web3 Platforms: Attracting Entrepreneurs, Office Workers, and Speculators to the Decentralized Web Trends

3 days ago
Casino Utan Svensk Licens – Bästa Casinon Utan Spelpaus

Casino Utan Svensk Licens – Bästa Casinon Utan Spelpaus

4 days ago
Bloxmith Launches eSports Title Raiders Rumble With Three Upcoming Tournaments This March

Bloxmith Launches eSports Title Raiders Rumble With Three Upcoming Tournaments This March

4 days ago

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Links

Crypto Prices from Nomics

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

Company

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

© 2022 NewsBTC. All Rights Reserved.

  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play Games
  • Play Casino Games
  • Free Spins
  • Play Finance

© 2022 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.