Drift Labs – Web3 Game Studio

adminApril 22, 2024

What is it tendency And what does it solve?

Web3 game studio Drift Labs aims to retell the story of Web3 game tokens by launching DRIFT, a studio token that differentiates itself from typical in-game tokens by providing utility outside of the game. Players can use DRIFT tokens to access NFT skins and exclusive features to customize their gaming experience. At the same time, non-gamers receive a portion of gaming revenue by staking DRIFT tokens. We also strategically allocate a portion of gaming revenue to strengthen the liquidity of DRIFT tokens. Most importantly, because DRIFT is not an in-game rewards token, it alleviates the sales pressure that many GameFi tokens face.

Driving core innovation tendency It has a unique token economic structure where the success of the game directly affects the studio tokens and vice versa. In particular, the team ingeniously implemented a two-way isolation mechanism between the game and the studio, effectively reducing sales pressure.

The DRIFT team has valuable insight into effective token economic models, leveraging extensive experience in Web3 games and NFT publishing. Their track record, combined with a profound understanding of the broader cryptocurrency landscape, highlights the team’s commitment to creating projects that are attractive to Web3 gamers and non-gamers alike.

Drift’s first product, Payout Pursuit, is a cross-chain racing game that invites players to compete by recording the fastest lap times in tournaments to win cryptocurrency prizes. The game, which already has a playable beta version, uses a Play-to-Earn (P2E) model that allows players to earn real-world rewards in the form of cryptocurrency for their in-game activities and achievements.

Token Overview

– Token name: Drift

– Token symbol: DRIFT/USDT

– Total supply: 10,000,000,000

DRIFT tokens are useful to both gamers and non-gamers. Gamers who own DRIFT can use NFT skins and other features to customize their gaming experience. Non-gamers who stake DRIFT receive a percentage of game profits, and the token also receives liquidity from a percentage of game profits.

The allocation is as follows:

– Pre-sale 1,703,373,977 17.03%

– yes 1,375,000,000 13.75%

– Expansion reserve 2,044,689,341 20.45%

– marketing 986,878,633 9.87%

– Strategic partnership 826,078,603 8.26%

– Community 684,779,476 6.85%

– Dex Liquidity 172,413,793 1.72%

– Manpower reserve 669,553,645 6.70%

– Game pool 422,668,699 4.23%

– line 68,134,959 0.68%

– burn 1,000,000,000 10.00%

– support 46,428,873 0.46%

– gun 10,000,000,000 100%

team and future

Drift Labs It is led by an experienced team with a background in GameFi, Web3, NFTs, and the broader cryptocurrency industry. CEO Josh Chand has extensive experience in the cryptocurrency space and has led several projects. CFO and GM, Dr. Michael Tabone, boasts tremendous expertise in Web3, experience at Cointelegraph Research and numerous consulting clients, and is currently a professor at the University of the Cumberland where he teaches in the Blockchain Global Business Master’s Program. CMO Paul de Havilland and CDO Sophie Hendry are marketing and design experts who bring significant experience in GameFi, NFTs, Metaverse and DAOs. CTO Muhammad Nabeel has extensive experience in smart contracts, Web3 Dapps, and various Web3 projects.

At GameFi, the challenge of launching a sustainable token was not lost on the team. As Josh Chand highlighted, the studio’s main goal for the token was to solve the problems plaguing Web3 games.

“Many Web3 games have failed due to poor economic design and a greater focus on Web3 integration than game quality and sustainable models. We wanted to do something completely different.”

The DRIFT token has already completed three pre-sale rounds and has incorrectly moved into the IEO stage before launching the token on several CEXs and DEXs.

Amid the persistent challenge of in-game token isolation within the Web3 gaming space, DRIFT Labs’ Web3 studio has emerged as an innovative competitor with a delicate balance designed to maximize benefits for all participants while relieving token sales pressure. As Web3 games continue to evolveSolutions like Studio Token can bridge the gap between siled ecosystems, paving the way for a new era of sustainable token economics and immersive gaming experiences.

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