Magic Craft GameFi Surges in Price One Week After IDO
Magic Craft Lands On the Scene
Just over a week after a successful IDO and its token pre-sale, Magic Craft has seen its token price rocket nearly 1000%. The native $MCRT token has seen significant numbers in trading volume as well, trading as much as $26 million in the last 24 hrs, according to CoinMarketCap. Meanwhile, the game is still far from launch, with the alpha version set for Q2.
In its early stages, the metaverse MMO Play-To-Earn RPG released on Binance Smart Chain is still very much a nano-cap token with just $26 Million market capitalization. The $MCRT has a max supply of 10 billion and a clear tokenomics distribution where over one-third of tokens are dedicated to gameplay. The potential gameplay appears to be what is attracting some hype.
“In terms of scale and gameplay, Magic Craft could give popular titles such as World of Warcraft and League of Legends a run for their money,” writes Rohit Chatterjee of Hackernoon in his blog “3 Best Metaverse Games to Follow in 2022.” “What sets this game apart is the use of blockchain technology, which equips the Magic Craft Metaverse with unique features not available in centralized MMORPG platforms.”
Behind the devoted, game-centered teams at Devoted Studios and Whimsy Games, the new game is powered by the Unity game engine. The Magic Craft team has locked in over $3.5 Million in seed funding since October 2021, and many believe that the MCRT token has only just begun its ride up. The game looks to build out a community of streamers and social guilds, which is increasingly popular in PlayToEarn gaming.
“Many people around the world are currently bringing in a side income with play-to-earn gaming, and the potential is unlimited. Average players are taking in a few hundred bucks per week just by playing a couple of hours per day,” said James Stock Guru, Founder, MagicCraft, in a Medium blog on December 29. “With MagicCraft we want this phenomenon to become a rage, as our game will have all the ingredients to play more and earn more.”
What is Magic Craft
Magic Craft is a Massive War and Conquest Play-To-Earn Multiplayer game launched on Binance Smart Chain, with an advanced guild system, taxes, and economy. Players may team up and build clans to fight other clans on the platform—higher staking rewards for powerful castles, weapons, armor, and castles. You will fight other players In PVP, clean wars, and buy and mint better weapons and armor for more powerful character stats using $MCRT.
The game is being developed by top global gaming studios, and the team aims to launch a fully integrated NFT Marketplace by the first quarter of 2022. The alpha version of the game, including PvE and PvP play2earn systems will also be released by 2nd quarter of 2022.