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The metaverse revolution of 2021 will go down as one of the most important milestones in the history of cryptocurrency. The number of metaverse projects that were conceived this year is astronomical, with Mark Zuckerberg’s decision to rebrand Facebook as “Meta” only amplifying the situation.
Without a doubt, the metaverse is the future. Experts are drawing parallels between today’s metaverse and the Internet in the ’90s. Just as we can’t imagine our world without the Internet today, the same will be the case with the metaverse in less than a decade.
Mobile gaming platforms are also seeing an annual rise in the number of users According to Newzoo’s 2020 Global Games Market Report, there were almost 2 billion mobile gamers in 2015. This number grew to 2.69 billion in 2020 and is expected to surpass 3 billion in 2023.
In this article, we’ll discuss Project SEED (token: SHILL), which sits astride these two high-potential worlds —
Project SEED was founded by ex-Binance trio Liko Subakti, Mohammed Elelu-Bashir and Dinh Thi Thao Trang, along with technical experts Alex Setiawan and Baskoro Hadi. Project SEED began in Q2 of 2021, and its official website was launched in the first week of November. With rich experience, the Project SEED team has developed several high-profile games including Final Fantasy, Street Fighter and Call of Duty.
The mission of Project SEED is to revolutionize the mobile gaming industry by introducing the play-to-earn (P2E) feature within their blockchain games. Built by an AAA Game studio, Project SEED’s goal is to create a smartphone gaming ecosystem by utilizing multiple blockchains. From the start of its very first game, Outland Odyssey, the project is on track to achieve its goal via the in-game integration of features such as an NFT marketplace, GameFi and user governance.
Project SEED aims to make metaverse mainstream to mobile gaming, with economy, community and governance as its three main pillars.
SHILL, the utility token of Project SEED, has various use cases within the platform’s ecosystem. Users can stake SHILL tokens, make in-game purchases with them, and use them to receive various rewards and partake in the project’s governance.
The utility of SHILL within the games developed by Project SEED is pure brilliance. The first game announced by Project SEED, Outland Odyssey, is a role-playing action game in which players fight to uncover the truth about Keepers of Existence and other mythical creatures, who have the power to protect their world from extinction. Accompanied by beast-like creatures called Zeds, players embark on a quest to clear levels in the game.
Using SHILL tokens, players can upgrade the skills of their Zeds to make them more powerful. Players can also create their own dungeons and loan them to other players on the platform. In doing so, they’re essentially farming their assets to earn income in the form of SHILL. Every dungeon created has a unique ID registered on the blockchain.
As with any other P2E system, you can earn SHILL for playing the game. The distribution of these tokens will be based on proof of play. Along with earning an annual percentage yield (APY), players who stake their SHILL are entitled to receive a limited NFT drop every season.
Project SEED is also launching its NFT marketplace by the end of this year, and SHILL tokens will play a key role there as holders can use them to buy NFTs. However, Project SEED’s NFT marketplace is different from many others, as users can not only buy and sell NFTs but also loan them to other players on demand.
Player governance is central to Project SEED’s ecosystem. Based on the number of tokens they hold, SHILL holders can propose ideas and vote according to their preferences. Project SEED will be the world’s first decentralized mobile gaming app that lets its community determine game advancements, instead of having a centralized group of developers do so. The SHILL token will play a crucial role in this revolution.
With a mission to revolutionize mobile gaming, Project SEED is taking a significant first step with the launch of Outland Odyssey.
In Outland Odyssey, you can journey to find Zeds. Apart from taming them and making them a part of your adventure, there’s also the option of defeating them, which gives you loot items that can be used to craft different weapons and armors. The availability of loot drops and Zeds will be determined by how many SHILL tokens you’re willing to stake.
There’s also a multiplayer mode, with a maximum of three other players. In this mode, you’ll unlock special quests where you and your team will play together to fight and defeat bigger and stronger Zeds. In addition, you can enter tournaments to defeat other players and show off the armors, weapons and Zeds you’ve acquired. You can enter these tournaments alone or with a team, and winners receive SHILL tokens as prizes.
One of the key features of Project SEED is their plan to build an economy within their metaverse while providing an immersive gaming experience. With this robust economic model, users can earn and spend their tokens within the gaming world. This process is a bit different from typical P2E games.
The project has a concrete plan to integrate their games with different game economies in Project SEED’s ecosystem and game tokens like SHILL. With these tokens, DeFi activities such as staking and lending can be conducted, enhancing players’ in-game experience.
Project SEED’s NFT marketplace allows you to create your own NFTs. You can keep a fixed supply of the NFTs you create, and trade on the game’s NFT marketplace, either buying/selling your NFTs or loaning them to others.
From its fundamentals, Project SEED appears to be pro-DeFi. Their in-game decentralized exchange enables crypto conversion, so players can buy and sell various crypto tokens. Within the DEX, players can stake different cryptos and earn rewards in SHELL to provide the platform with liquidity.
The governance of Project SEED’s ecosystem lies in the hands of its community. Holders of the platform’s native SHILL get to propose and vote on various aspects of the ecosystem, such as game development, equipment design, and more.
Note: figures below are accurate as of this writing, and are approximated up to two decimal places.
SHILL Token Price – $0.56
Total Supply — 1 billion SHILL
Initial Circulating Supply — 27 million SHILL
Current Circulating Supply — 85.2 million SHILL
Market Capitalization — $48 million
24-Hour Trading Volume — $8.1 million
As the project is still in its initial development, holding SHILL will reap you additional rewards, such as in-game airdrops, and grant you eligibility to earn secondary game tokens. Reputable crypto forecaster DigitalCoin predicts that the SHILL token will reach $3.32 by 2028 — a 526% increase on its current price of $0.53. Therefore, we consider SHILL to be a solid investment at this point.
The SHILL token is available for purchase on popular exchanges like Bybit and PancakeSwap (V2). The fastest and easiest way of acquiring SHILL is on Bybit, with the following steps:
If you’re an existing Bybit user, you can skip this step.
The signup process to open your Bybit account is simple and quick. Just enter a few details, like your email address and country of residence, and complete the verification process.
Once your account is verified, you can start buying any cryptocurrency available on the Bybit exchange, which includes using the Spot Market to purchase SHILL. SHILL is paired with USDT on the Bybit exchange, so you first need to own USDT to purchase SHILL. You can buy USDT using fiat money with your credit/debit card, or via bank transfer.
Once you have USDT in your Bybit wallet, you can visit the Spot Market and search for the SHILL/USDT pair. Select Buy Limit Order and enter the price at which you want to buy SHILL. Then, enter the amount of SHILL you want to own and click Buy. When the price of SHILL reaches your desired price, the order will execute, and the corresponding SHILL tokens will be credited to your Bybit wallet.
You can hold your tokens in the Bybit wallet for easier trading, or transfer them to a cold wallet for additional security.
Considering Project SEED’s existing infrastructure and partnerships, it looks like a good time to invest in SHILL. With its team comprising top-notch game developers, skilled animators and experienced management, Project SEED could be a unicorn in no time if things go according to plan.
So far, the team has managed to reach all the milestones on their road map. However, as we’ve seen time and again, things can go south very quickly in the crypto space (think red candlesticks). Be sure to perform your due diligence before making any investments, and invest only what you can afford to lose.