Kuala Lumpur, Malaysia - (Newsfile Corp. - Nov 12, 2021) - League of Ancients is set to become the next big cryptocurrency game and the gaming industry is big business. Seen in the late 1970s as a passing trend at best and a joke at worst, fifty years later with an annual global penetration of $ 152 billion and growing, no one laughs. Recent innovations in the sector, such as virtual and augmented reality, as well as the evolution of mobile phones and, by extension, mobile games, have pushed the limits beyond what nobody thought possible. The meteoric rise of mobile gaming has specifically led to the deployment of arguably the most successful business model ever used by mobile gaming companies: Free-To-Play (FTP). This style of games is still in a relative infancy (it appeared only 10 years ago) but they have already become market leaders, leading the industry since its inception.
League of the Ancients
FTP models earn revenue by allowing players to use real-world money to instantly unlock additional features, known as microtransactions. Through this process, customers can buy new player designs, infinite retries or special items, pay to skip a level, or even remove annoying ads. Because players already enjoy the game for free, spending money on profits is an acceptable cost in the value-for-money equation, and therefore the model is extremely efficient and generates great revenue for the companies that created them. However, now with the rise of cryptocurrency, an additional model is being added to the list with immense early success.
Play to win.
PTE is exactly what it sounds like. These cryptocurrency titles (or GameFi as they are known) allow people to earn cryptocurrencies simply for Playing the game. Earned digital tokens can be used to buy new items or skins, or exchange for real-world money. A new game hopes to combine the best of FTP and PTE, while ringing the nostalgia bell for mobile gamers. Your name?
League of the Ancients.
LOA is a Multiplayer Online Battle Arena (MOBA) game, where two teams of players compete against each other on a closed battlefield. Players control a character, who generally has a defined set of abilities that contribute to and complement the overall team. The goal is for one team to destroy the opposing side's stronghold. MOBA games are fun and addictive, and have been hugely successful in the industry. In fact, League of Legends and Defense of the Ancients 2 (Dota2), the biggest titles in the genre, have a combined total of 120 million active users.
The game is free to play and players will win small amounts of $ LOA (the game's native cryptocurrency) simply by playing and winning matches. As an added incentive, as players advance through ranks and experience, the percentage of tokens they earn will increase, as a reward for continued interaction. Not only does this give players a very real reason to come back beyond the game itself, it also encourages them to build strong teams, which could naturally lead to eSport-style tournaments in the future of the project. Also, to keep the game balanced, there is no "win game mechanic" - all NFTs, like skins, are purely cosmetic. However, the purchase of NFT skins will allow players to activate a secondary mode of the game in which they can win plus tokens. There is also a very exciting component to League of Ancients NFT skins that will make them truly revolutionary in the DeFi space.
Fusion.
Fusion is the process of combining NFT skins to create new ones that have a much higher rarity level and therefore a LOA gain power. Therefore, if a player can use the fusion system effectively and create an extremely rare skin, in theory they will be able to simply play with it to earn a significant passive income through the associated cryptocurrency, or sell it at a very high value. . For the project itself, this will mean a lot of involvement in the NFT aspect, which in turn will allow it to generate high levels of profit and grow faster. A mutual benefit for all.
Understandably, the project is creating a massive level of buzz in the cryptocurrency space, despite the game itself not even launching until Q4 2022 (the $ LOA token will launch in early December with an NFT market shortly after). In fact, the Discord and Telegram groups alone have more than 26,000 and 78,000 members respectively at the time of this writing. This level of commitment at such an early stage shows that the team really could have something special on their hands. If it continues on the same path, League of Ancients could easily become the greatest game the defi world has ever seen, generating billions of dollars in revenue and providing countless players with a fun game that can earn them some genuine and serious money.
And they said games were for lazy people.
For more information on the League of Ancients, visit their website at www.leagueofancients.com, discord in: https://discord.gg/gpGSqbsv or Telegram at: https://t.me/leagueofancients.
Media contact
Dwayne Ong
Email - team@leagueofancients.com
PR - Cryptoshib.com
Email - info@cryptoshib.com
To view the original version of this press release, visit https://www.newsfilecorp.com/release/103235
