$PIXEL will be the currency for all transactions and the P2P marketplace in Pixelland. PIXEL’s value stems from its buy/selling power in Pixelland; it is used for buying items at the shop, either from NPCs or from other players. PIXEL is further used to reward players for completing tasks for others from the DIY Quest system. PIXEL is what provides the foundations for Pixelland’s economy to be free and decentralized from the creators, giving the players the freedom to create and exchange game value however they choose to do so. This type of functionality will require an in-game marketplace for players to facilitate this P2P trading system decentrally, and Pixelland will include that directly into the game as one of the menus. Players of traditional MMOs like Everquest, World of Warcraft, and Guild Wars will be very familiar to the in-game marketplace format.
An exciting part of Pixelland is gathering resources for developing towns and crafting weapons and consumables. Most of the items will be recognized as ERC1155 tokens, the consumable NFT standard which is particularly useful for gaming. Consumable NFTs are NFTs which are not fully unique, and its tokens can be burned or minted. These are items like health and stamina potions, arrows, food, etc.
All of these resources will be tradable in our marketplace or on and $PIXEL will be the medium of exchange for these goods. This means that players have true ownership of the in-game items. Special items which don’t make sense as consumables will be featured as ERC721 tokens. These include enchanted equipment and stat-boosting items, as well as some aesthetic items like clothes and housing decorations and special weaponry which are unique and cannot be destroyed. Here are some resources and how they are gathered:
Food (ERC1155): Players can farm plots of land for food. Food is acquired by getting water and planting seeds, and of course waiting for it to grow. Every player needs food to survive and recover health.
Wood (ERC1155): Wood can be gathered by chopping down trees in Pixelland. Wood is used for crafting items and gear, as well as building houses and properties around Pixelland.
Potions (ERC1155): Potions can be used to restore health and stamina. These can be crafted or bought and sold on the marketplace. Any player will need potions for fighting difficult bosses or exploring deep into the wild.
Stone (ERC1155): Players will need stone to develop more sophisticated towns and more advanced weapons and armor. Stone will be more difficult to get than wood and food, and will be more valuable in the market-economy.
Spells and Weapons(ERC721): Most spells and magic will be available as ERC721 tokens. If a player has that NFT for a certain spell, then they have the ability to cast that spell in Pixelland. More advanced spells will be rarer and more valuable to get. We envision some of the strongest wizards to be those players who have the rarest spell NFTs, while the strongest warriors will be the players who have enchanted weapons NFTs.
Items in Pixelland are not arbitrarily priced according to the game developers’ budget-requirements; the value of all of these items and resources will be determined by players in the market. This is a fair market system where players can freely determine a complex market and govern it themselves, and we are excited to see this play out in real-time. The supply-demand economic model of Pixelland should encourage players to accumulate PIXEL and gives it the ultimate use-case as the reserve currency of the most exciting metaverse.
PIXEL will initially be a BEP20/ERC20 token on the Binance Smart Chain. Being that Pixelland is a game developed with the players in mind first and foremost, we strongly believe that Pixelland is in a much better position to usurp the Metaverse throne from The Sandbox and Decentraland. This is because of our highly scalable 2D engine, our advanced game design, and our vibrant RPG market will leave no doubts about our determination to make the most enticing metaverse to date.
Let us hear your thoughts or questions below in the comments!
-VRMETA
