Peter Nguyen, CEO & Founder of MetaStrike.io
Metastrike, a blockchain-based role-playing gaming (RPG) startup, has closed its US$3.3 million in a private financing round from GD10 Ventures, Jump Capital, and Kucoin Labs.
In addition, the Vietnamese startup looks to raise an additional US$500,000 during its public round.
Metastrike is a blockchain-based virtual reality first-person shooter (FPS)-RPG, featuring an array of digital assets that players can collect and trade on the open market, such as weapons, skins, and projectiles.
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It also features an equitable play-to-earn economy that rewards players for their time and dedication to improving their skills in the game.
Players can collect an NFT arsenal and upgrade their weapons to boost their appeal and value. These NFTs can be traded or sold on its NFT marketplace, along with maps that players can build and also sell as digital assets.
Metastrike also infuses a social element into its ecosystem, as players can form guilds and embark on missions to increase rewards and improve their ranking in the game.
The Metastrike in-game economy will be supported by two utility tokens. The native $MTS token will have a maximum supply of 565 million tokens. It will serve as the in-game currency that players can utilise to purchase metaverse land and NFTs, participate in tournaments, stake, and vote on important ecosystem decisions.
Its second utility token $MTT has an uncapped supply and will serve as the main P2E reward token. It allows players to upgrade weapons, purchase consumables, participate in special events and features a burning mechanism in which 10 per cent of all burned tokens will be reserved for a weekly prize pool for players.
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“The next stage in our evolution is to launch $MTS in Q1 of 2022. This quarter will also see the release of our closed beta version and our very first NFT sale,” the company said in a statement.
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