Mooneen, the gaming company hailing from Taiwan, has officially unveiled its blockchain-based play-to-earn (P2E) game titled “Rise of Elves” in a grand celebration held at Ayala Mall Circuit in Makati City, Philippines.
The game, “Rise of Elves,” has witnessed remarkable growth and expansion across various markets, including Japan, South Korea, Taiwan, Hong Kong, Vietnam, Thailand, and Singapore. Currently, it boasts an active player base of over 66,000 individuals.
This launch marks an important step in Rise of Elves’ strategy to solidify its presence in the Philippines, a nation that ranked 4th out of 26 countries in the NFT Gaming Adoption Report published by the global fintech platform Finder in 2022.
Johnson Chan, Mooneen’s Blockchain Architecture Development & Strategy Research Specialist, commented, “The Philippines is the inaugural market for our launch. Apart from the substantial player base already acquainted with blockchain games, our aim is to invigorate the in-game ecosystem by welcoming Filipino players into our community.”
Inside Rise of Elves
Rise of Elves immerses players in a virtual world operating on the Polygon blockchain, where they will encounter enchanting beings known as “Elves.” These in-game assets are represented as NFTs (Non-Fungible Tokens), which can be amassed and traded within the game’s marketplace for real currency.
Gamers have the opportunity to engage in Player-Versus-Player (PVP) battles in the “Arena” mode and take on the challenges of the Player-Versus-Environment (PVE) experiences in the “Adventure” mode. Moreover, players can embark on the journey of “Evolving” new Elves directly on the official website. This process allows them to construct potentially more formidable teams and generate additional NFTs that can be put up for sale on the marketplace.
Every Elf is a distinctive NFT, comprising seven distinct components: Body, Top, Ears, Eyes, Back, Chest, and Tail. Each of these components possesses unique attributes that contribute to the varied combat capabilities of the Elves.
In addition to Elves, players have the option to mix and match with “Heroes” to form their customized teams.
Rise of Elves has entered into an exclusive collaboration with the legendary boxing icon, Manny ‘PacMan’ Pacquiao, resulting in an in-game hero design bearing his likeness and 200 distinct styles of Manny Pacquiao NFTs. The game also features NFTs created in partnership with the gaming content creator Aningning and a prominent member of Team Payaman YOW.
Within the game, there are three tokens associated with which players can earn and trade for potential profits: Rise Of Elves (ROE) coin, Crystal Of Element (COE) coin, and Magic Book (MGB) coin.
ROE functions as the game’s governance token, allowing players to participate in voting for new developments. It is rewarded to players for their performance in the Arena and their placement on the tournament leaderboard. COE, on the other hand, serves as Rise of Elves’ in-game currency and is earned through gameplay in both the Adventure and Arena modes. Both ROE and COE are essential for the evolution of new Elves. Meanwhile, MGB tokens are specifically utilized to acquire Heroes and can be obtained solely through gameplay in the Adventure mode or through purchases from the marketplace.
ROE Play to Earn Model
“When we initially conceived the game’s economic framework, we made pivotal adjustments to proactively address challenges encountered by similar games in the past. We’ve introduced a three-token model to establish a sustainable cycle where player needs and rewards are reinvested within the game itself,” commented Chan.
“We conducted exhaustive research, including a comprehensive analysis of other NFT games. The key differentiator between us and the early pioneers of blockchain gaming lies in the meticulously calculated and risk-averse design of our economic system. Moreover, our diverse game modes and battle variations offer a higher level of engagement and variety compared to our predecessors and competitors,” he added.
Chan envisions play-to-earn (P2E) games like Rise of Elves as a gateway, providing access to the world of Web3 for players who initially existed within the Web2 realm. “Our objective with ‘Rise of Elves’ is to consistently lower the barriers to entry for everyday mobile gamers, enabling them to partake in the excitement and advantages of our gaming universe,” he affirmed.
