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Geopoly launches alpha version of blockchain-based game – Press release Bitcoin News
press release
PRESS RELEASE. Geopoly has announced the launch of a blockchain-based alpha version of the game, which will be playable via desktop computers. This is a game where players can interact with the blockchain along with their respective Geopoly non-fungible tokens while at the same time enjoying the game and earning an income at the same time. In addition, NFT holders who actively play the desktop game also have the right to receive $ GEO tokens on a weekly basis as compensation for their time and effort.
In addition, Geopoly also has a mobile and freemium version that allows users to play the game for free. Afterwards, if players want to do so, they can even “win and earn” by switching to the blockchain version with the same credentials that will allow them to continue exactly where they left off in the desktop version.
In terms of what it is, therefore, Geopoly can best be understood as an economic simulator that enables people to rent, buy, improve and actually sell real estate as well as business assets based on their geolocation. Geopoly has been constructed through a system that relies on both off-chain and on-chain layers which is then used to provide users with a reality-oriented dynamic, immersive and memorable gaming experience.
What else is there to know about Geopoly?
From July, the ‘Geopoly Auctions’ market will open, so that players can sell their NFTs at a price they choose while others can bid on them for a minimum of 24 hours. NFT will then be awarded the highest bidder. This is a whole new and exciting way for NFT holders to sell their non-fungible tokens and profits, in addition to being able to buy an NFT from another player or through Geopoly themselves. This month’s auctions include landmarks such as the Hollywood Sign, the Ponte Vecchio, the Flame Towers, the London Eye, the Seoul Tower and the Maracana Stadium.
In addition, a number of popular NFTs have already been sold, including the Louvre Museum and even world-famous stadiums such as the Santiago Bernabeu, Camp Nou, Old Trafford and Wembley. Furthermore, Geopoly has recently entered into a partnership with NextNav, which will deliver the technology that Geopoly will implement in its framework in the future. This will include NextNav’s 3D geolocation features, which allow for more dynamic virtual experiences related to users’ real environments and utilize location verification to confirm transactions as well as interactions within the metaverse.
Building the meta-verse mainly requires 3D geolocation technology. With that in mind, NextNav’s technology will not only drive gaming experiences, but it will also be a critical authentication of site-oriented activities such as exclusive exhibitions, NFT scavenger hunts and transactions related to digital land and real estate.
Last but not least, Sebastian Borget, one of the main advisors, will also work with Geopoly, which is also a proud member of the Blockchain Game Alliance (BGA). Sebastian is also the COO of The Sandbox (SAND), one of the most popular P2E metaverse-based games today.
Past performance and future goals
Geopoly was released on mobile in 2018 and was included in the list of the four most innovative mobile games on iOS by the Apple Latam team during the soft launch period. In addition, 1700 applicants from 37 nations were selected to participate in the 2019 Global GOOGLE Indie Games Accelerator.
Geopoly has also partnered with Seedify, Enjinstarter, Poolz and NFTPad of Trustpad to launch the public sale of $ GEO tokens, which can also be earned through Geopoly NFTs. It is additionally supported by leading blockchain platforms such as GD10, AU21, X21, Polygon and various other notable devices. Finally, within 48 hours of launch, private sales had reached their hardship of $ 3 million. This achievement shows that investors see Geopoly as a platform with great promises to become one of the largest gaming hubs in the blockchain area in the future.
In terms of future goals, Geopoly will continue to develop and improve its product while expanding its player base. To make the game more fun and exciting, the team is also working on introducing a PvP mode, where players will be able to attack each other’s “branches”, steal non-tokenized resources and defend their own territories in this upcoming new game mode.
About Geopoly
Conventional finance-based simulation games have different flaws because only publishers tend to reap the rewards. In such situations, players usually act only as end users who buy items in the game without the opportunity to earn rewards outside the game.
The industry has since been transformed by the innovative use of blockchain technology, which allows all kinds of assets in the game to be traded successfully for various tokens that can later be converted into fiat currencies. Geopoly, with its groundbreaking gaming ecosystem, is among the platforms at the forefront of this new digital revolution.
Geopoly has chosen Polygon as the basis for its on-chain game. Polygon is a Layer-2 blockchain protocol that provides scalability as well as low transaction costs via Ethereum blockchain. Now, thanks to the launch of the aforementioned alpha version, Geopoly is ready to take the next step according to the official roadmap.
For more information and regular updates, visit Geopoly’s official website and TwitterTelegram, Medium and Discord channels.
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