Mooneen, a Taiwan-based gaming company, has launched its blockchain-based P2E game, “Rise of Elves,” in the Philippines. The game has grown across various markets, including Japan, South Korea, Taiwan, Hong Kong, Vietnam, Thailand, and Singapore. With over 66,000 players, the launch aims to strengthen its presence in the Philippines, which ranked 4th out of 26 in the NFT Gaming Adoption Report by global fintech platform Finder in 2022.
“The Philippines is the first launch market that we have chosen. Besides having a substantial player base familiar with blockchain games, we also aim to make the in-game ecosystem more vibrant by welcoming Filipino players into our community,” Johnson Chan, Mooneen Blockchain Architecture Development& Strategy Research Specialist, said.
Inside Rise of Elves
Rise of Elves is a virtual world that runs on the Polygon blockchain, wherein players will be introduced to fascinating creatures known as “Elves.” These in-game items are represented by NFTs, which can be collected and traded on the game’s marketplace for real money.
Rise of Elves is a game where players can compete in Player-Vs-Player (PVP) mode, known as “Arena” mode, and Player-Vs-Environment (PVE) mode, known as “Adventure” mode. Players can “Evolve” a new Elf on the official website, building powerful teams and generating additional NFTs to sell on the marketplace. Each Elf is a unique NFT with seven parts, each with different characteristics, allowing players to mix and match characters with their teams. The game has partnered with boxing legend Manny Pacquiao for an exclusive hero design and 200 different styles of NFTs. Additionally, the game features NFTs in partnership with gaming content creator Aningning and prominent member of Team Payaman YOW. Players can earn and trade three tokens related to the game: Rise Of Elves (ROE) coin, Crystal Of Element (COE) coin, and Magic Book (MGB) coin. ROE is the game’s governance token, while COE is the in-game currency earned from playing in both modes.
ROE Play to Earn Model
Rise of Elves is a P2E game designed by Chan, which has a three-token model to ensure a sustainable cycle of player needs and rewards. The game’s economic model is designed to prevent issues faced by similar games, with a focus on a disaster-avoiding design. Chan has conducted thorough research into other NFT games and aims to create a gateway for players who were originally in the Web2 space. The game’s goal is to lower entry barriers for regular mobile gamers, allowing them to enjoy the excitement and benefits of the gaming experience.
