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Metaverse News Europe


9 investors back 'create-to-earn' metaverse demo

6/20/2022

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Metaverse game developer and publisher Bisonic launched the first playable demo of its Forgotten Runiverse on Monday, a massive multiplayer online role-playing game (MMORPG) based on the NFT collection Forgotten Runes Wizard’s Cult.
The game has been in development since late last year in cooperation with blockchain studio Machine Magic. While the company is hoping for a V1.0 release in early 2023, it said in a statement that it wanted to give players an “early look” at the platform.

Players will be able to explore the game’s different regions and hunt for frogs in the Runiverse. These frogs will grant in-game power-ups and an improved spot on the allow list for the upcoming land sale.
Forgotten Runiverse is one of several projects that have started marketing themselves as “create-to-earn,” an alternative to the popular but struggling play-to-earn monetization model that focuses on rewarding players who add value to the community through the creation of items and use of land.

The launch follows a private land sale announced in April led by Swiss crypto fund Dialectic. Seven Seven Six, founded by Reddit co-founder Alexis Ohanian, also joined the initial investment round, alongside Libertus Capital, Kenetic Capital, Placeholder, 1confirmation, Wenew Labs, No Goat Milk (Future Corp) and crypto Twitter anons Fiskantes, Deeze and Soby.

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  • Home
  • News
  • Nominations
    • Top Global Event
    • Top Metaverse Platform & Virtual World
    • Top VC or Accelerator
    • Top Blockchain Developer Services Provider
    • Most Impactful Marketing Advertising Campaign
    • Most-promising Corporate VC Investment
    • Top Corporate Partnership
    • Top Legal Firm for Metaverse/Web 3.0 businesses
    • Top Avatar Design Company
    • Top Digital Twin Initiative Enterprise
    • Top Digital Twin Initiative Consumer
    • Top Cloud, Enterprise or Technology Partner
    • Top Partner for establishing early-stage presence in Metaverse
    • Most Innovative NFT Project
    • Top 3D Design Firm for Metaverse
    • Top Fashion Brand Initiative
    • Top Consumer Experience & Entertainment
    • Top Sports Brand Initiative
    • Top Enterprise Productivity initiative
    • Top Digital Payments platform
    • Most Exciting Scale-up Company
    • Top XR AR VR Firm
    • Most Exciting Hardware for Metaverse/Web3
    • Most Promising Haptics Initiative
  • 2023 Summit & Awards
    • VIP Jury
    • Summit Agenda - Day 2
    • Strategic Partners Matchmaking - Day 1
    • Venue
      • Hotel Reservation
    • Tickets
      • Pay via Credit Card
  • Exhibitors
  • Contact
    • 2022 Event
      • VIP Jury
      • Agenda 2022
      • Photos 2022
      • Videos 2022
    • FAQs
    • Brella Event App & Networking