The new GameFi product Age of Dino makes its debut and may become a new leader in the GameFi sector?

Author: Mia, ChainCatcher

Bitcoin has recently successfully broken through the $44,000 mark, with the market experiencing a general rise. The long-silent GameFi sector has entered a concentrated upward phase, and the call for "GameFi Summer" is gradually spreading from the primary market to the secondary market.

In addition to projects like Pixels, Illuvium, Gala Games, and TreasureDAO releasing positive news in November, Xterio's flagship product Age of Dino (AoD), backed by Binance, also launched a limited-time mini-game Dino Ski, achieving impressive results.

By the end of the event, Dino Ski successfully surpassed 1.65 million on-chain interactions, attracting over 280,000 on-chain addresses to participate. According to DappBay data, Age of Dino's 7-day on-chain trading volume and users in the BNB ecosystem exceeded those of PancakeSwap, becoming number one.

Introduction to Age of Dino

With the support of heavyweight companies like FunPlus and Xterio, AoD fully integrates elements from the Web3.0 space and traditional gaming platforms, aiming to attract both veteran players and newcomers to Web3 games, and is committed to providing players and digital collectors with an unprecedented experience.

According to official information, Age of Dino (AoD) is a next-generation massively multiplayer online (MMO) SLG strategy game developed on the Xterio platform, and it is a pioneering MMO strategy game.

The gaming experience includes infrastructure building, feeding and upgrading dinosaurs, resource collection, adventures, alliance battles, and fighting against AI-controlled opponents and dinosaur armies. In terms of product design, it combines blockchain technology with social gameplay, covering GVG, PVE, and PVP elements, offering rich gameplay that caters to different player preferences.

Behind the Scenes: Developers Complete $8 Million Seed Round Financing

Aside from its strong product design capabilities, Age of Dino's recent success is also attributed to its popularity in the GameFi sector. In fact, the GameFi sector has always been a hot topic in the primary market. According to data provided by Immutable on platform X, Web3 game financing accounted for 62% of the total financing in the Web3 industry in 2022. DappRadar data shows that in the first three quarters of 2023, the blockchain gaming sector attracted investments of $739 million, $973 million, and $600 million, respectively. This indicates that even during the crypto winter, capital continues to place significant importance on the Web3 gaming sector, consistently making investments. According to RootData, the GameFi sector saw a rebound in investment in October, with financing exceeding $100 million, a 61% increase from September's $67 million, while financing in July and August was less than $15 million each.

As a leader in the SLG field, Age of Dino is highly anticipated. It is understood that the main creative team of AoD comes from FunPlus, a global diversified game publishing brand. This company is a dominant player in the SLG sector worldwide, with games like State of Survival and King of Avalon achieving over a billion downloads, generating annual revenues in the billions of dollars. The AoD team combines top talents from both Web2 and Web3 gaming, attracting the attention of leading capital.

According to VentureBeat, as early as August this year, the game developer GamePhilos completed an $8 million seed round financing, led by Xterio, Animoca Ventures, and SevenX Venture, with follow-up investments from Hashkey Capital, Sanctor Capital, Game7, Bas1s, GSR Market, and GSG Ventures.

In addition to the independently raised $8 million, Age of Dino, as Xterio's first self-developed flagship game, has also received strong support from them. Xterio, as a global cross-platform play-to-earn developer and publisher, is committed to enhancing deeply engaging game worlds through digital ownership, focusing on developing a Web3 native universe that will expand across all media and platforms. Xterio has raised $55 million, with investors including Binance, FunPlus, Makers Fund, Animoca Ventures, and DST Global.

Launching Limited-Time Game, Leading BNB Active On-Chain Trading Volume

With such strong background support, it is not surprising that the limited-time parkour game Dino Ski launched by Age of Dino has achieved remarkable results. Dino Ski is a pixel-style limited-time parkour game launched by Age of Dino, lasting for 7 days. Users only need to pay 0.01 BNB to participate in the game, where they can win prizes such as AOD core NFTs, tokens, whitelist qualifications, and game resource packs. Free-to-play players also have the opportunity to receive token airdrops.

Dino Ski pays homage to the classic gameplay of the Chrome Dino game, adopting a 3D pixel art style and designing characters like the main dinosaur, pterodactyl, penguin, polar bear, and snowball in a very meme-like manner. In the game, an orange dinosaur glides through a snowy world, while players only need to control the dinosaur to jump or crouch to avoid obstacles. The gameplay is simple yet highly addictive, with many players getting immersed for hours to achieve high scores. The game also features a day and night system, where the difficulty significantly increases at night.

Dino Ski also incorporates many crypto Easter eggs; for example, when the game score reaches 0312 and 0904, the game speed will increase, and score accumulation will also accelerate. Players can only mint Rare Score NFTs and participate in treasure box draws if their score exceeds 0312.

According to DappBay, Age of Dino's 24-hour and 7-day on-chain trading volume and user numbers in the BNB ecosystem have surpassed those of PancakeSwap, ranking first. Additionally, according to official news, over 280,000 addresses participated in Dino Ski within 7 days, with NFT minting exceeding one million, and the total on-chain interaction data set a record with over 1.65 million interactions, topping the BNB ecosystem.

According to data from opBNBScan, Dino Ski Score NFTs rank first among all ERC721 tokens on the OPBNB chain, with a significantly higher number of holders. This also proves that GameFi, which is favored by players, does not necessarily require very complex gameplay logic; as long as players find it fun and enjoyable, combining play and earning, there is a chance to gain sufficient recognition and on-chain participation. All rewards obtained by users in the Dino Ski game, such as dinosaur coupons and in-game resource packs, can be used in AoD's main game. With this initial success, AoD has achieved clever on-chain asset interoperability. The success of this mini-game not only allows Age of Dino to capture the heat in the currently warming market but also accumulates sufficient market presence for its main game launch in early 2024.

Future Outlook

In past bull markets, we have seen standout GameFi games that have addressed some of the issues faced by previous GameFi games, bringing substantial returns to related investors. In this round of GameFi Summer, we still see some unresolved issues, such as insufficient gameplay in most games, unsustainable economic models, weak social features, and boring and simplistic Play2Earn mechanisms.

As the leader in the Web3 SLG sector, AoD is dedicated to solving the problems of current GameFi 1.0 games. In fact, Age of Dino's product positioning has always been to respond to the transformation of the gaming industry with innovative GameFi 2.0 approaches, focusing on creating a sustainable in-game economy, robust gameplay, and prominent social elements, aiming to become a continuously evolving Web 3.0 game that adapts to the ongoing evolution of the gaming ecosystem.

Age of Dino emphasizes collaboration between the community and players, providing real-time chat and strategy discussion features, allowing players to make friends, defeat opponents together, and engage in player-versus-player battles through in-game channels. By fostering a vibrant and inclusive community, Age of Dino brings the fun of multiplayer gaming to the entire dinosaur universe.

According to official announcements, Age of Dino will exclusively launch the sale of its game PFP NFT series on xter.io in January 2024. This series will be a major asset within the AoD ecosystem, representing the highest combat power in the game and serving as a cultural symbol for player social interactions outside the game, embodying the product quality and cultural co-construction of the game. It is reported that three lucky users have already drawn three NFT redemption vouchers from this series in the Dino Ski mini-game, and the project officials have also announced that community supporters of Age of Dino will have priority purchasing rights during the public minting phase in January.

Conclusion

With continuous improvements and developments, Age of Dino will provide players with a more immersive experience, creating a unique and vibrant game world through innovative technologies and design concepts. At the same time, Age of Dino will also promote the development and application of digital assets, offering players more opportunities for profit and participation. We look forward to seeing Age of Dino demonstrate its immense potential in the Web3 gaming industry, bringing rich gaming experiences and value returns to players.

As confidence in the GameFi sector increases, along with the optimization of gaming experiences and the lowering of user thresholds, more capital and users will be attracted to this field in the future. Will Age of Dino leverage its engaging gameplay, entertainment value, and social interaction of digital assets to propel the Web3 gaming industry into a new era of transformation?

Let us wait and see.