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Guild of Guardians, an NFT Game, Raised $5.3 Million in a Token Sale that was 82X Oversubscribed

source-logo  cryptoknowmics.com 01 December 2021 08:49, UTC

The soft launch of the play-to-earn game is scheduled for Q1 2022, with 400,000 users having pre-registered. Guild of Guardians, a new NFT-based mobile role-playing game, has sold out two tranches of its native token (GEMS) totaling $5.3 million.

Users From Australia, Canada, the US, and China were Prohibited From Token Purchasing 

The token auction, which took place on the Coin list on November 30, was 82 times oversubscribed, with over 808,000 people enrolling. More than 10,700 new GEM holders from over 100 countries bought tokens worth up to $500 each. However, users from Australia, the United States, Canada, and China were barred from acquiring tokens due to rising regulatory concerns.

GOG set aside 6 percent of the total 1 billion tokens for the CoinList sale, with the remaining 63 percent given through community-driven events, activities, and core gameplay.

The soft launch of the play-to-earn game is scheduled for Q1 2022, with 400,000 users having pre-registered.

The Game Comes from Ukrainian Developer Stepico Games

The game was created by Ukrainian developer Stepico Games in collaboration with Immutable X, an Australian-based NFT layer two scaling solution. Immutable X, funded by Galaxy Digital and Coinbase, is the first layer two scaling solution for NFTs on Ethereum.

GOG is launching on mobile, according to Immutable's Head of Marketing, Nicholas Kelland, so that it is available to the majority of people.

"Not everyone has robust gaming rigs and PCs and so on. So mobile was an easy choice for us."

The success of GOG's original DEX offering (IDO) comes when play-to-earn gaming is becoming more popular. Every in-game asset owned by GOG customers is a transferable and exchangeable NFT.

cryptoknowmics.com