Gaming Crypto Niche Struggles While Earth Version 2’s Presale Gains Traction

Worsening market conditions have pushed the value of gaming cryptocurrencies down. 

According to the current chart on CoinMarketCap, the total market capitalization of gaming cryptos is just above $12 billion. 

Most are trading in the red, which is a clear sign that something needs to change for the ecosystem to move up again.

Gaming Cryptos Are Trading in the Red: Is It All Due to Macroeconomic Conditions?

All the top gaming cryptos are trading in the red zone, with their decline in the last 24 hours hovering near double digits. Render is down by 3.5%, Virtuals Protocol has experienced a 6% decline, and both Stacks and Immutable have also painted long red candles.

The old favorites, such as Sandbox, Gala, Floki, and Decentraland, have all gone through major changes. Surprisingly, their weekly price action was positive.

While much can be said about macroeconomic conditions, the blame for gaming cryptos underperforming also falls on the ecosystems themselves. 

The “gameplay” is often an afterthought, designed mainly to push standard earning mechanics that fail to generate meaningful revenue. The gameplay aspect itself remains very weak.

Thankfully, new projects in the form of ICOs have emerged that could shift this narrative.

Earth Version 2 Offers Users a New Era in Web3 Gaming

While the blockchain gaming market cap is suffering, hope is coming from the ICO side of the aisle in the form of Earth Version 2 (EV2). 

It is a gaming project making waves due to its unique take on the sci-fi genre. Furthermore, its focus on blending blockchain ownership with narrative-driven gameplay is also gaining traction in the market.

The core narrative of EV2 centers on a post-collapse Earth, where humanity is at war for its survival against the interdimensional Hive Mother, Zadrovan. Here, players can use EV2 combat suits powered by El’Dar energy frequencies to assume the role of guardians.

The game is built around unique class systems centered on these battle suits. 

There are five suit classes: Brute, Cloaker, Pathfinder, Mag, and Valkyrie. Each class has its own approach to movement and offers unique weapons and power-ups.

The game will feature players going up against enemies in large, explorable open areas. Resource gathering is another important element of the ecosystem since it lets users upgrade their equipment.

Looting is one of the core mechanisms of the project, allowing players to create stronger equipment using looted components. These can include Holocrons and weapon parts dropped by enemies.

There is also a modular weapon system at play, giving users the ability to personalize builds and create their own unique combat setups.

A Dive Into EV2 Tokenomics and Presale

EV2 features a dual-token system that makes the ecosystem more balanced and sustainable.

• Holocrons (Soft Token): These are assets that players can gain through gameplay and are used to unlock basic NFTs, armor, and cosmetics.
• EV2 Tokens (Hard Token): These are the native assets of the ecosystem, designed for players to buy battle passes, rare NFTs, and enter tournaments with top-tier prizes.

The public presale has been allocated 40% of the total 2.88 billion EV2 tokens. During the first phase, the price of the token is around $0.01. Those who are able to get in early will gain access to a wide range of benefits, including whitelist entries, rewards, and community access.

Furthermore, players can join competitive Apex Trials, a 3v3 PvP mode where EV2 tokens serve as entry stakes and prizes. High-stakes PvE raids are also featured, packed with NFT drops and valuable rewards.

Additionally, all in-game assets are tradeable NFTs, meaning players benefit from a player-driven economy. Overall, the design foundation of EV2 revolves around participation and skill-based earning.

Final Words

The top-gaining tokens are underperforming because of the same old, earn-first-game-later narrative. Users are seeking something different, and reportedly, Earth Version 2 offers exactly that.

It has a model that goes beyond traditional P2E modes. Its gameplay has depth, the lore is rich, and thanks to the modular design of suits and mechanics, it could be one of the best gaming projects within the blockchain space.

Every system, including crafting and flight mechanics, focuses on a gameplay-first approach, with rewards through blockchain integration coming later. Therefore, it could be said that EV2’s approach signals a shift in Web3 gaming.

$EV2 Presale

Website: https://ev2.funtico.com/

Telegram: https://t.me/EV2_Official

X: https://x.com/EV2_Official