Wizardia | Play-to-earn and staking of NFT

by Andrea Ferrario
16 December 2023


Wizardia has been in the news a lot over the past month thanks to its staking of NFT, let's see what it is all about and what it holds for the future.

The Project

The idea of the development team is to create a fantasy RPG play to earn online. The game is being developed cross-chain between the Binance Smart Chain and Solana. There are three foundations of the game: the turn-based combat system, the evolution of the game driven solely by the community, and character progression based on upgrades through artifacts, power-ups, and a crafting system.
Players can obtain their own mages or even rent them through the marketplace to form a team of 3 and fight pvp and pve battles.

NFT’s system

Wizardia, in order to self-fund and incentivize players’ investment in the game, has created 7 rounds of NFT, called Arena Genesis NFT, which allow players to receive a passive income similar to staking. What is interesting, however, is that this annuity is automatically awarded to holders without actually staking NFTs within a pool.
The percentage of APY varies between 70% and 40% depending on the round the purchased NFT is part of: as the round increases, the APY decreases.
This passive income will be available until the launch of the game, thereafter the income will come as a kind of arena-related rent.
Rent has several factors for its calculation:

  • Round number: depending on the round of your NFT, the price of your NFT will vary and the APY will also vary. The lower the round, the higher the rent, so the more recent the entry round, the lower the percentage of rent granted;
  • No. of NFTs: as is only fair, those who own more NFTs (even from different rounds) will have the opportunity to increase the passive annuity;
  • WZRD Token: based on the current value of Wizardia’s native token (WZRD), the APY will also change;
  • No. active users: if there are few active players once the launch occurs, the annuity will drop dramatically. In fact, as mentioned before, the evolution of the game, and thus its fate, will be driven entirely by the community: if it is strong, so will the game.

In addition to these NFTs, there are the wizards, or Wizards, who will be the core of the game: they will represent the characters with whom we will form our team and operate in the marketplace.
These NFTs are already available for sale and are divided into different classes and further subdivided into different rarities. Currently, only the three highest rarities (rare, epic and legendary) are available, but common and uncommon versions will also be introduced as the game launches.
NFTs, due to the cross-chain nature of the game, can be purchased in BNB, USDT and USDC.

The $WZRD token

The token, built to be cross-chain with the Binance Smart Chain and Solana, will serve the purpose of utility tokens and in-game currency. 300,000,000 tokens will be mined and is currently available through DEXs such as PancakeSwap and later on some yet-to-be-announced CEX Tier 1s. WZRD will be obtainable through passive NFT staking rewards, from selling items and NFTs in the marketplace, from staking the token itself, and by winning tournaments

The roadmap

We are currently only halfway through the announced roadmap, in fact during the course of 2022 we will see the arrival of the first alpha, a tournament system, a mobile app, VR integration, and finally the official launch of the game planned for the end of the year 2022. The final game will also have additional NFTs related to infrastructure within the game, increasingly expanding the world by creating a small metaverse.

Link: https://wizardia.io/
Lightpaper: https://wizardia.gitbook.io/wizardia-lightpaper/
Blog: https://medium.com/@wizardia

Author: Andrea Ferrario

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