NFT project releases first GameFi metaverse on Unreal Engine 5

Published at: April 15, 2022

Metaverses seem to be all the buzz these days. But, while tech companies are betting their futures on it, there are still many worldwide trying to fathom why we need something like a digital realm. While this question has several reasons, including empowering creators, gamers, nonfungible token (NFT) collectors, influencers, brands, event makers and marketers, and building off the reality of social media, the reality is that all will be overlooked without a proper focus on the development itself. 

The metaverse is generally positioned as an increasingly immersive experience, one comparable to the real world. Therefore, if high-quality graphics, such as the ones that exist in AAA games, are not present, there is little convincing a group of digital skeptics that this reality is worth adopting and presents the future made out in project mission statements. Consequently, a next-generation of metaverse projects is needed, one that takes a step forward from poor graphics worlds rather than one backward, seen in first-generation projects that incorporate technology at the expense of user experience (UX).

Artyfact is just one of the projects aiming to change this narrative. In contrast to platforms developed earlier, Artyfact is the first metaverse built using Unreal Engine 5, a tool believed to be able to deliver the most advanced, real-time photorealistic visuals and otherwise immersive experiences.

With an AAA quality experience, the GameFi project enables users to explore metaworld, play different  play-to-earn games, display, purchase and sell NFTs, and host events, among other experiences. As a metaverse, these experiences will all link back to the project’s own economy integrated with the native cryptocurrency ARTY.

Perhaps the distinction is best illustrated by the Artyfact CEO, Oleg Boystov, who shares, “Humanity is ready for a new stage of immersion in the digital world –– immersion in the metaverse.”

With this mission in mind, the team has since received support from Eternity, X8 Fund, Blockchain Invest, Capfinex and Metehead, among others.

Where battle meets adventure

The Artyfact Metaverse is designed to become a user’s digital home in a greater virtual world. The platform operates with its own economy and laws as a virtual world while relying on an architectural element as a metacity. By living in a metacity, users will be able to buy personal space and take part in various exciting activities, just like in the real world, and one day sell, even partially,  their space to other citizens. 

The metaverse will be divided into two sections: urban and gaming. While the urban area will become a place for NFT exhibitions, virtual meetings, concerts, shopping and runway shows, the gaming side will include special arenas for NFT gaming. Here, game types will include battle royale, racing and adventure.

To begin participating in these games, players will be required to place a contribution using ARTY or NFTs. By placing assets at stake, incentives will be maintained, and winners will be able to earn big, receiving contributions from all participating players. Likewise, urban activities will have special zones for creating 3D NFT marketplaces. Trading in this manner demonstrates a fundamental next-generation marketplace since first-generation metaverses displaying NFTs in 3D are unusual.

More insights on artyfact here

However, the appeal doesn’t end with the everyday user. Instead, the Artyfact ecosystem brings several benefits to brands and influencers, focusing on the advertising aspect in the metaverse through metaworld billboards. For brands, this means increasing recognition, and for billboard owners, a method to earn money through advertising. The consumer will also be able to foster deeper connections with brands, with possibilities including co-operative gaming, virtual merchandise (merch) creation and event sponsorships.

MVP release

The team now has over 70,000 subscribers on their multilingual social media and recently finished the minimum viable product (MVP), pursuing their main goal of launching the beta version of the Artyfact Metaverse in Q4 2022.

Learn more about Artyfact

Disclaimer. Cointelegraph does not endorse any content or product on this page. While we aim at providing you with all important information that we could obtain, readers should do their own research before taking any actions related to the company and carry full responsibility for their decisions, nor can this article be considered as investment advice.

Tags
Related Posts
Galaxy Interactive raises another $325M fund aimed at metaverse and next-gen games
Galaxy Interactive, a venture capital firm focused on next-generation interactive technology, has announced it has raised $325 million for its second fund from 70 different investors. The fund is focused on virtual and augmented reality, artificial intelligence and blockchain-based games. In a Tuesday announcement, Galaxy Digital, the majority owner of Galaxy Interactive, stated that $150 million from the fund has already been allocated to new portfolio companies, including Republic, 1047 Games, Elodie, Roar, Art Blocks and Masterworks, with other additional investments to be announced in coming months. Established in 2018 by general partners Sam Englebardt and Richard Kim, the company …
Technology / Oct. 20, 2021
Blockchain metaverse startups: Unparalleled investment potential
Neal Stephenson, a popular sci-fi writer coined the phrase “metaverse” in his first best-selling and breakthrough 1992 novel, Snow Crash. Now that concept is becoming a reality, and what’s more, you can invest in the metaverses. In Ready Player One, The OASIS is another example of an advanced virtual reality. Numerous other sci-fi authors, such as Ian M Banks, have created and used similar concepts within their novels. Back in September, Facebook CEO Mark Zuckerberg was clearly interested in advancing the metaverse. In a recent earnings call, Facebook made it clear that they want to unify communities, creators and eCommerce …
Decentralization / Nov. 7, 2021
Crypto and NFTs at F1: What are firms bringing to the races beyond sponsorships?
The cryptocurrency community has always put an emphasis on decentralization and globalization. Therefore, it shouldn’t come as a surprise that a number of crypto companies are sponsoring Formula 1 (F1) racing teams in an attempt to further connect with audiences across the world. Research by global analytics company Nielsen Sports found that Formula 1 has the potential to reach about one billion fans globally this year, with the 16–35 age group accounting for the biggest share. The appeal of F1 is clearly on the rise, and cryptocurrency companies are jumping on board to demonstrate their presence. To put this in …
Blockchain / March 23, 2022
New ‘party-to-earn’ model vows to take electronic music industry to the next level
Crypto enthusiasts love to party — And now, a new project has been launched that caters exclusively to clubbers. Klubcoin is championing a new concept called “party-to-earn,” meaning members of its community can gain VIP access to “insane” experiences. The project says it has already attracted support from some of the world’s biggest clubs, festivals and electronic music brands, such as Amnesia Ibiza, Festicket, Clubbing TV, Bootshaus, Caprices Festival and DJ Mag. A crucial goal for Klubcoin is to deliver experiences “money can’t buy” that are curated specially for users. Exclusive events are going to be held in real life …
Music / Sept. 29, 2022
The metaverse is creating a new virtual marketplace for retail brands
Entrepreneurs are betting on the future of the metaverse and cannabis industries. In the last decade, developments in government legislation have led to the legalization or decriminalization of cannabis in a number of countries, municipalities and U.S. states, allowing users to fully appreciate the sacred plant in both recreational and medicinal settings. While cannabis remains classified as a Schedule 1 drug by the United States federal government, decades of protests, scientific research and political lobbying have significantly reduced its stigma and opened the cannabis market for commercialization efforts. Technologically, the rise of the metaverse has reinvigorated the impact of having …
Technology / Jan. 27, 2023