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GameFi is a strong narrative in the crypto space, but has yet to break out from its current confines. However, a project that can successfully onboard traditional gaming platforms, add artificial intelligence (AI) into its mechanics and become an all-in-one stop for everything gaming is bound to explode beyond the crypto sphere. That’s GameGPT for you.
GameGPT by PRISM is designed to be a Gamer Suite for you to swap assets, create games, play games in the arcade, easily pay using an inbuilt wallet and much more (think of it as a Google Suite for blockchain gaming).
Let’s learn more about the GameGPT platform.
Key Takeaways:
GameGPT aims to become the Google Suite of web3 gaming where you can create your games, engage in play-to-earn games and create challenges for other players.
Its primary utility token is DUEL, the gaming currency on the platform used to pay for subscriptions and in-game purchases.
The platform is sunsetting the RAIN token, and holders can convert their tokens to DUEL tokens at a depreciating value of $0.01.
GameGPT is an all-in-one blockchain gaming platform and GameFi AI engine developed to bring crypto enthusiasts a host of on-chain gaming tools that they can use to build, play and pay for blockchain games on a global level.
The platform is built by PRISM, an innovative on-chain, gamer-focused arm of Rainmaker Games, a popular money-making gaming platform that allows people to earn for playing famous games such as League of Legends.
Founded and headed by Will Deane (as was Rainmaker Games), GameGPT has been under development for over three years. It has more than 75,000 registered users and over 5,000 active players, with access to more than 10,000 games.
Its ecosystem is powered by the DUEL token, which has various utilities on the platform such as rewarding players, playing games, subscriptions and in-game purchases (more on DUEL later).
Currently, GameGPT has three main products: Challenges, Survivor and the newest game mode, Arcade. Let’s take a deeper look at each of them below.
This game mode is designed for those seeking skill-based gaming experiences on popular multiplayer games. The challenges for this mode are user-generated and customizable, using the available creator tools.
Creator objectives on the platform can be used to build challenges and earn DUEL rewards. You can opt to charge a fee for gamers to participate in the challenges. or make it just for fun. Ten percent of the fees raised from all the challenges are reserved for the GameGPT platform.
At the moment, the only game that can be integrated into the challenges is League of Legends, but the team is looking to integrate other popular games soon, such as Valorant and Dota 2. Users can bet on challenges using DUEL tokens held in escrow and released to the winners.
In this free-to-play mode, gamers use AI to create a “poro” character to overcome 20 challenges in over 20 games. The goal is to finish all 20 levels successfully, and get into Valhalla (the hall of fame for poros).
Unlike Challenges mode, in which you earn by playing, in Survivors mode your reward is the thrill that comes from completing all the levels. The monetization aspect in this mode enters when gamers purchase items to ensure they don’t fail in their quests. The key features of Survivor mode on GameGPT include world creation and token integration for items and consumables.
Gam’seGPT Arcade is the newest addition to the platform. It seeks to create a more enhanced gaming experience for users, and is designed with browser-based games for both PC and mobile users who crave fast, exciting mini-games. Monetization aspects of the Arcade game mode include pay-per-mode, subscriptions and in-game purchases.
At the moment, the following games are available in GameGPT’S Arcade mode:
Silent Strike — This mobile, arcade-style game transforms the gamer into a stealthy sniper. They’ll need quick reflexes and strategic planning to navigate dense forests, bustling cityscapes and enemy zones.
Limitless Lanes — Players get to blend the adrenaline rush of racing with a fast-paced urban landscape that requires agility to maneuver and switch lanes.
Merge Master — Designed for 2048 enthusiasts, this mobile game mimics its gameplay with the ultimate goal of unlocking the 2048 tile.
GameGPT’s team hopes to launch an Arcade creator program in mid-2024 with an AI toolkit to help users build and monetize games.
The game economy for the above products is shown below:
DUEL is the primary utility token for the GameGPT gaming platform. Its uses include:
As a gaming currency for GameGPT
To pay for subscriptions to the Challenges, Survivor and Arcade game modes
For staking to earn rewards
To pay fees to game creators
Please note that PRISM is sunsetting the RAIN token. As a result, the platform has allowed RAIN holders to convert their tokens into DUEL tokens. Based on a fully diluted valuation (FDV) of $10M equivalent to DUEL, the redeemable value for each RAIN is $0.01. However, its value will decrease over time, to be dictated by the market rate. Additionally, RAIN holders who participate in the swap will receive NFTs worth three times the value of their tokens at the time of the swap.
You can earn DUEL tokens through staking in the following two ways:
Direct Staking — Deposit your DUEL tokens into the platform’s staking smart contract for daily rewards. Additionally, when you stake for a longer period, you’ll be eligible for extra bonuses over increasing time intervals.
LP staking — Since DUEL will be available in decentralized exchanges, you can become a liquidity provider and receive a share of the fees generated by the DUEL liquidity pool.
You can buy DUEL tokens on Bybit’s Spot trading platform (DUEL/USDT). Just sign up, get verified and enjoy a seamless DUEL trading experience on the platform’s user-friendly terminals.
As the GameFi niche in web3 continues to grow exponentially, GameGPT’s AI-driven gaming engine will reap the benefits of that expansion. The strategic approach of creating a Google Suite for blockchain gaming sets its game development apart, and the team's ongoing efforts to integrate additional games and enhance the value of the DUEL token are further contributing to the platform's potential success. This forward-looking strategy aligns GameGPT with the dynamic trends and demands of the evolving gaming and blockchain landscape.
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