Exverse’s token launch on Bybit sets up the FPS game’s imminent takeoff

Reports have indicated that Web3 games have accounted for more than 30 percent of all decentralized activity in the first quarter of 2024. A huge uptick for a sector of the blockchain industry many had considered to be dormant.

While the Web3 play-to-earn gaming model gained some popularity among those well-versed in crypto, several blockchain-based games emphasized commercial elements at the expense of an enjoyable gaming experience. This trend was evident with various titles as developers rushed to conduct token launches before even possessing a functional demo. 

Consequently, developers of Web3 games became less incentivized to focus on crafting high-quality games, leaving users with underdeveloped ecosystems and essentially worthless currencies without a tangible gaming experience to engage with.

With this in mind, bridging the movement between traditional and crypto gaming has become more vital for Web3 game creators. Developers must create the perfect recipe to attract both Web 2.0 converts and Web3 loyalists, ensuring all players can indulge in an entertaining and rewarding gaming experience. 

Some titles have taken this challenge in stride and worked tirelessly to delicately craft a gaming community where player enjoyment and digital assets go hand in hand.

The free-to-play first-person shooter Exverse embodies this sentiment with its upcoming game release. The game recently launched its native $EXVG token on ByBit, a top-three crypto exchange by volume with over 20 million users. With Exverse approaching its full alpha launch, players can earn $EXVG by performing well while using the native token to enter matches, purchase premium items, and more.

Exverse CEO Fei Ooi Hoong, says: “We are extremely excited about our token launch and proud to work with a great partner like ByBit to make it happen.” 

Built using Epic’s Unreal Engine 5, Exverse utilizes blockchain technology to strike a balance between enjoyable, realistic, and immersive real-time gameplay. As an innovative gaming studio, the game prioritizes gameplay in a manner not typically seen among other Web3 games. Top performers receive a share of profits from in-game NFTs such as cosmetics and skins and can earn rewards by staking tokens before a season’s kickoff.

Fei Ooi Hong adds: “We worked tirelessly to develop a diverse, engaging, and intuitive first-person shooter capable of revolutionizing how the public views blockchain-based gaming. Our talented team tapped into its background in traditional gaming to develop a rich and immersive gaming experience and then strategically implemented the NFT elements and in-game economics to enhance the user experience.”

Building momentum for its upcoming alpha launch, Exverse held an early showcase with an exclusive deathmatch-style tournament for 5,000 gamers on April 15. The tournament lasted five days on the game’s Battle Planet, allowing players to demonstrate their skills and win rewards via stablecoins and tokens. With $50,000 in total up for grabs, the top 100 performers earned at least $200 in the tournament.

To support the ecosystem’s development, expansion, and growth, while simultaneously rewarding the team and its early supporters, 400 million $EXVG tokens will be minted.

As the boundaries between different traditional and Web3 gaming ecosystems become increasingly blurred, Exverse has built a game that carefully balances quality gameplay and breathtaking graphics with Web3 elements, catering to a diverse audience of gamers.