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RaW Pass, a new non-fungible token (NFT) collection linked to the upcoming Web3 game Wallet Wars, sold out within 5 minutes after its first mint on Wednesday, blockchain infrastructure developer Balthazar DAO announced.
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Fast Facts
- RaW Pass is a collection of 5,555 NFTs which debuted with a 0.035 Ether (around US$5) mint price. Of this total, 555 have been reserved for the game’s treasury.
- The assets act as upgradeable ships for Wallet Wars, a Space Invaders-inspired NFT game created by Animoca Brands-backed Balthazar DAO, and give users access to rewards and governance rights.
- John Stefanidis, the co-founder and chief executive officer of Balthazar DAO, told Forkast that his team has produced non-inflationary NFTs to avoid a speculative economy.
- “In fact, its ship NFTs are only valid for one season and are deemed worthless after the season ends,” said Stefanidis. “We want to focus on gameplay, an enjoyable user experience and building on a powerful ecosystem that rewards players and raW Pass holders.”
- Blockchain technology can unlock a new game economic layer, including transferring and owning in-game items. However, developers in the blockchain gaming sector still face the challenge of discovering a model that retains player engagement.
- Wallet Wars’ first season is scheduled to start at the end of October. Balthazar DAO says 90% of the net earnings — anticipated to be around US$500,000 — allocated to a prize pool for players to vie for.
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