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Blockchain-based online game opens gateway to ‘metaverse’ – with new approach to development
Market launch after record fourth round of funding
, April 7, 2022. The online game “Outer Ring” shows the potential of blockchain technology – beyond the heated debates about cryptocurrencies. As the first game, Outer Ring was developed in collaboration with the gaming community from the start. This created a multi-faceted universe suitable for very different types of players. Blockchain technology also opens up revenue streams for gamers. In-game “non-fungible tokens” (NFTs), for example, can also be turned into cash in the real world. The interest from the gaming scene is great: only 24 hours after the market launch (Initial DEX Offering), gaming tokens worth 1.6 million US dollars were sold – although the game not be available until summer.
Running, defeating monsters, founding businesses: many possibilities are offered to players in the virtual universe of the Outer Ring. Leisure, music and cultural activities are also included. This makes it diverse and entertaining – and at the same time interesting for “real” world brand suppliers. The gaming community is intensely involved in all stages of development. This should also contribute to lasting success, as should the low technical barriers to entry into the Outer Ring universe.
This innovative approach by the development company Nexxyo Labs also convinced investors. After the fourth round of funding, which has just been completed, they have now invested around eight million euros in new game development. When it comes to developing future ventures and reaching out to investors, Nexxyo Labs relies on the expertise of Valuex AG, a rating, finance and growth advisory provider specializing in blockchain projects. Valuex advises Outer Ring on market launch and supports marketing in German-speaking countries.
Blockchain technology opens up new economic opportunities
Experts see great potential in the underlying technology. “Blockchain enables fundamentally new business models and completely different approaches to solutions from existing industries and business areas. In the booming gaming sector, for example, the technology is opening up the possibility for players to trade they have acquired in-game. They can also open up revenue streams through their virtual in-game services. A really comprehensive Play2Earn model,” says Paul Kruegel of Valuex AG. This also includes the sale of attractive NFTs. other apps, virtual homes, yachts, spaceships, pets, and other things sometimes change hands for six- or seven-figure dollar amounts.
Different approach from classic game publishers
The 100-person team at Nexxyo Labs has always used blockchain technology since the very beginning. “This sets our approach apart from that of traditional game publishers,” says Daniel Valdés, CEO of Nexxyo Labs: “The currently much-discussed non-fungible tokens were part of the new game concept from the start. Therefore, the core of our model revenue is not the sale of game add-ons, but thousand-thousand transaction fees for in-game trading processes.” It is precisely this highly decentralized structure that is the particular strength of “Unnecessary central parties and bodies can be eliminated”, emphasizes Paul Kruegel: “We see a sustainable market opportunity in this new approach, precisely because the player-driven community approach provides a solid foundation for the business model.”
Market launch in summer 2022
Many beta tests are currently underway with many participants through the Steam platform. Outer Ring is expected to launch in the summer of 2022. US$1.6 million from the successful fourth round of funding provides the necessary seed funding. No special knowledge of hardware or blockchain is required for the game.
Incidentally, the gaming community has reason to be satisfied even before the market launch: Anyone who has already invested in the gaming tokens can expect a substantial increase in value – the tokens are currently trading at nine times their issue price.
About the Outer Ring / Nexxyo Labs
The Spanish company Nexxyo Labs specializes in the development of blockchain-based online games such as “Outer Ring”. The experienced management team consists of renowned experts Daniel Valdes (CEO) and Daniel Ricardo Cevallos Seligmann (COO). A team of about 100 people developed Outer Ring in beta over two years. After the currently ongoing testing phase, the sci-fi game is scheduled to launch in the summer of 2022. Nexxyo Labs has now raised $8 million in private equity funds.
The goal of Valuex AG is to make the value potential of the world of crypto and blockchain accessible to new users and to provide long-term support for start-up projects in the development phase and to further develop existing business models. of the blockchain. The Liechtenstein-based company rates crypto and blockchain projects according to a specially developed rating system based on business analysis. Valuex supports promising projects in their growth trajectory and in their orientation and strategic positioning. The management team consists of digital business model specialist and cryptography expert Paul Kruegel (40), corporate and brand strategist Mr. Oliver Schmitt (50) and financial expert and former member of the board of directors of Bank Gutmann Dr. Matthieu Albert (63).
Valuex AG Anja Kassubek c/o Arts & Others Communication GmbH Telefon +49 (0) 61 72 / 90 22 - 131 [email protected]