Hychain Games will release a closed beta version of its Minecraft-inspired web3 video game Hytopia this month after the developer earned $8 million from node sales, according to a statement. .
According to a statement from Hychain Games, the company allows users to contribute to the security and functionality of the layer 2 blockchain, also called Hychain, “while earning rewards from a pool of $250 million worth of TOPIA tokens.” Additionally, “In just 48 hours after announcing the node sale, Highchain generated 2,098 ETH ($8 million at the time of sale), and 254 ETH ($1 million) was distributed to creators.”
The web3 game developer first announced node sales last month. Hychain Games was previously known for its Minecraft-based project NFT Worlds. Developers are using the layer 2 Hychain blockchain to power their new video game Hytopia. According to the company, the game has over 1 million pre-registered players.
“Following the node sale, HiChain developers launched the mainnet on March 9, allowing users to trade, deploy contracts, and create systems,” HiChain Games said in a statement.
Hitopia
Hytopia gameplay screenshot. Image: Hichain Games.
Minecraft developers have banned NFT integration.
Free-to-play Hytopia’s private beta launch comes nearly two years after NFT Worlds had to devise a new strategy. NFT Worlds has been using Minecraft’s source code as the basis for its NFT-based metaverse, but Mojang Studios, Minecraft’s developer, has banned NFT integration.
Now Hichain Games hopes that Hytopia can satisfy gamers who feel frustrated or limited by Minecraft’s structure and policies.
““Despite Minecraft’s user base exceeding 150 million, its limited monetization and creator ecosystem leaves a gap for a new platform that emphasizes modding, performance, monetization and creator tools,” Hychain said in a statement. . “Hytopia aims to directly solve the problems you face. Minecraft creators, such as strict EULA restrictions and technical restrictions that limit monetization opportunities and creative freedom.”
Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.
© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.