Research: Outlook of Solana Ecological 3A Chain Game Nyan Heroes

Author: Zen, PANews

At the beginning of this year, "Nyan Heroes", which had been dormant in the bear market for a long time, finally made a "big move". The official announced the launch of the early access "Play-to-Airdrop" event. The two-week early access game test will be conducted on the Epic Games store and is expected to be launched this month. Nearly two and a half years after the launch of the Nyan Heroes project, its community and players finally have the opportunity to obtain the ecosystem’s native token NYN for the first time.

"Nyan Heroes" is a third-person shooting battle royale game based on Solana. The development team positions it as a AAA game, benchmarking Epic Games ’s third-person shooter “Fortnite” and Respawn’s tactical competitive game “Apex Legends.”

Nyan Heroes in the crypto bear market: valuation of hundreds of millions, financing of tens of millions, ID0 bounced

< p style="text-align: left;">In November 2021, Nyan Heroes completed a US$2.5 million seed round of financing, led by Three Arrows Capital, Mechanism Capital and DeFiance Capital, with participating investors including Sino Global Capital and Infinity Ventures Capital, Solana Ventures, Skyvision Capital, Yield Guild Games and Merit Circle.

Nyan Heroes used the funds to rapidly expand the team. In March 2022, Nyan Heroes has grown from an initial small team of 5 to more than 40 members, two-thirds of the team coming from AAA game developers such as Riot Games, Ubisoft and EA. Nyan Heroes also updated the news and stated that ID0 will be carried out in the second quarter of the same year, and the relevant contracts and portals are ready.

In May 2022, Nyan Heroes completed a strategic financing of US$7.5 million at a valuation of US$100 million. Participating VCs include Kosmos Ventures, Sino Global Capital, Shima Capital, Perock Capital, Morningstar Ventures, 32-bit Ventures, Crypto.com, Tess Ventures, Master Ventures, Wave7, Ancient8, Drops Ventures, Andromeda Capital, Salad Ventures, MonkeVentures, Moonchain Capital, and Snackclub. The day after the official announcement of this round of financing, Nyan Heroes said that after consulting team members, investors, consultants and the Nyan Heroes community, the team unanimously voted to postpone its ID0 until market conditions are more favorable in the future.

Be the first to experience Play-to-Airdrop

The basic gameplay of Nyan Heroes is a team shooting game. The protagonist of the game is a kitten who can drive and control giant mechas. This can also be seen from the name of the game - Nyan refers to kitten or kitten in Japanese. scream. In the game, players can use kittens with unique abilities, customized mecha equipment with various weapons and modules to defeat their opponents, and explore a variety of strategic game styles.

The early access game test of the game will be conducted on the Epic Games Store and is open to all players. According to the announcement, players need to perform the following operations to qualify for air investing:

• Join the community: Follow Nyan Heroes Twitter account and Discord community;

• Sign up: fill in the pre-registration form;

• Holding NFT: Players who own Nyan Heroes NFT (Nyan Heroes or Guardians) will be eligible for additional airdrop rewards;

• < p style="text-align: left;">Participate in events, contests and challenges: Those players who don’t have NFTs can win Genesis Series NFTs in some of the challenges Nyan Heroes plans to host in the next few weeks to play2airdrop events Use these NFTs to increase airdrop rewards during the period

Currently there are limited details revealed about the event, and the team will announce it in the next few weeks More airdrop activity updates and details will be released soon.

Token economics changes, abandoning the dual-token model

Nyan Heroes created a dual-token model of $CTNP and $NYN in the initial token economics, which function as governance tokens and in-game utility tokens respectively. With the changes in the development trend of the blockchain game industry, the dual-token model of the "governance" token AXS and the "in-game" token SLP pioneered by Axie Infinity is no longer a model, and many developers have given up on complicated tokens. Currency economics began to change to a fixed-supply single-token model.

In the continued development of the game, Nyan Heroes has also abandoned old ideas. According to its latest "White Paper 2024", the Nyan Heroes ecosystem will only use the native token $NYAN (the same token as the NYN mentioned at the beginning of the article, NYAN is the name used for the token in the white paper). The supply is 1 billion. The accumulation of value in $NYAN tokens is achieved through a variety of channels, including the distribution of market transaction fees and minting fees, as well as fund management through the purchase of tokens. Due to these mechanisms, the supply of $NYAN tokens will decrease over time, with the rate of deflation depending on the frequency and size of network activity and market transactions. $NYAN will continue to function as a governance token and is bound to a staking mechanism.

In the game, the original in-game token $CTNP will be replaced by the traditional virtual game currency CATNIP. It can be used to purchase game items such as skins, loot boxes, and advanced premium consumption, unlock characters, equipment, and modifiers faster, and can be used for in-game market transactions, high-value competition registration fees, and as in-game rewards for players. CATNIP is not an on-chain token and has a fixed value. Its model is closer to Robux in Roblox, the leading game in the metaverse. Through this change, Nyan Heroes aims to effectively eliminate the incentives for non-players to influence currency prices through speculation, so as to promote the healthy development of the game economy.

Nyan Heroes’ route planning

In the white paper 2024, Nyan Heroes updated the 2024 and beyond, its plans for this year include: launching token airdrops in the first quarter; launching token launches online; providing early access to Nyan Heroes; conducting land sales, and will launch NYN staking and Nyan Heroes closed beta in the future, and Release Guardian NFT, introducing new characters and elements into the game.

However, based on the past experience of Nyan Heroes, whether the above-mentioned plan for the year can be implemented may still be a question mark. As a AAA game, a long game development cycle is an inevitable process. Nyan Heroes did not "strike while the iron was hot" in the early stages and raised funds from users. For a team that focuses on game development, it is also a responsible attitude to some extent. Although they have survived the bear market, Nyan Heroes still has a long way to go, and PANews will continue to pay attention.