George Tsagkarakis
In Brief
- Valannia, a web3 fantasy game built on Solana, successfully raised 1,200 SOL in its token generation event (TGE) on Indie.fun within 24 hours.
- The funds from the TGE, approximately $166,800 at the current value of SOL, will now facilitate the launch of the game’s first land sale in the virtual capital city, Eldorath.
- Valannia’s economy will leverage its $VALAN token across various functions, including transactions, staking, and participation in its decentralized autonomous organization (DAO).
Valannia’s TGE marked not only the launch of its $VALAN token but also achieved a significant milestone by reaching its fundraising goal swiftly. The event began on a Tuesday and was facilitated through the Indie.fun platform. The quick accumulation of 1,200 SOL set a new high for the launchpad in terms of rapid funding.
The structure of the TGE was designed to be inclusive, offering multiple phases and bonus incentives for early participants. It commenced with a VIP round which provided a 10% bonus in $VALAN, followed by a general whitelist round with a 5% bonus, and finalized with a public round that allowed unlimited participation without any bonus offerings. If contributions exceeded the allocated 1,200 SOL, excess funds were refunded accordingly.
Upcoming Land Sale in Eldorath
Following the successful token sale, Valannia is poised to open its first land sale, where players can acquire plots in Eldorath, the game’s central hub. This sale is structured in two phases: a whitelist phase for Valannium Ring holders and a public sale. The lands in Eldorath are categorized based on rarity, influencing their price and stake in the game’s economy.
Land and Token Utility
Each land plot offers a share of ownership in Eldorath, varying by the rarity of the plot. The pricing of plots is anchored in USDC, however, purchases must be made using the $VALAN token. The use of $VALAN applies a discount, enhancing its utility as the principal in-game currency aiding in building, unit production, technology upgrades, repairs, and governance through voting in the Valannia DAO.
Valannia’s Imaginative Ecosystem
Valannia aims to create a comprehensive gaming experience through its MMO platform that includes titles like Valannia Realms, Valannia Arena, and the upcoming Valannia World. The platform’s integrated approach allows a Hero NFT to provide access to multiple gaming interfaces, emphasizing race-based politics, crafting, and economic engagement controlled by players. Currently, the ecosystem boasts over 5,000 active wallets and has processed more than 20,000 NFTs, generating over $2 million in revenue.
Conclusion
With the successful roll-out of its TGE, the forthcoming land sale, and the ongoing development of its gaming universe, Valannia is setting up an intricate web3 ecosystem. The continued interest in gaming tokens, especially within the Solana community, underscores the potential and anticipated growth within the web3 gaming domains.
