Project Watch: AnRKey X — Empowering The Gaming Industry With NFTs
NFTs are taking over the online gaming industry. The ability to use blockchain to give players true ownership over their in-game items makes the user experience that much more valuable. NFTs can create a self-sustaining economy around a game that incentivizes players to keep playing. The ability for NFTs to increase player retention of course makes it a valuable technology to integrate for game developers. However, incorporating NFTs can be an expensive and time consuming process especially for smaller independent developers.
AnRKey X is a one-of-a-kind protocol that makes it easy for billions of gamers around the world to monetize their gameplay, participate in ownership, and earn real money. Its gDEX (Decentralized Finance Gaming Platform Exchange) functions as a building block for developers. It will allow them to create DeFi gaming that can be easily integrated into the AnRKey X ecosystem. Each DApp built on gDEX will be powered by the $ANRX token which will mean interoperability within the protocol, supporting AnRKey X’s mass-market adoption.
In addition to this, AnRKey X’s Game and NFT Studio will also develop and publish its own blockchain gaming DApps. The first of which, Battle Wave 2323 is just around the corner.
Today we sat down with Chris Casey, AnRKey X Head of Community, to talk about NFTs and how AnRKey X is making DeFi gaming accessible for all.
- Hi Chris, could you tell us about AnRKey X and how it started?
AnRKey X was founded on the same principle of Bitcoin, anarchy. Bitcoin’s founding father Satoshi Nakamoto was an anarchist himself along with the first adopters of BTC who were among many who were fed up with the “system”. Finally after the 2008 global crash, he spearheaded a systematic and digital rebellion against the centralized and authoritarian banks and government-controlled economic systems — where greed, power and corruption rule the global citizens on earth.
AnRKey X rose out of the flames of decentralized anarchy and continues to further Bitcoin’s original philosophy where Satoshi Nakamoto left off.
2. Why do you think NFTs can play such an important role in gaming?
NFTs make it possible for gamers to not only earn real money, but also truly own the assets that they invest their time and money earning and collecting. The inherent value of gamers will now be returned to them through ownership rights and play to earn NFT functionality
3. How does AnRKey X allow gamers to earn value for the effort they put into gaming?
AnRKey X allows gamers to earn in a number of ways. Playing team based games to earn $ANRX rewards through gamified yield farming and playable NFT game cards, collecting in-game currency to use for buying NFT game card collectibles that can be used or sold, the purchasing of in-game assets that can be used to boost APY earnings, and more.
4. One concept facilitated by AnRKey X is gamified liquidity mining. Can you please explain what exactly that entails?
By combining eSports within a gamified liquidity mining platform, you have a team of users on your side. Players are required to strategize collectively by coordinating gamfied yield farming actions of individual team members which significantly increases the total APY rewards of all pool members aggregately. Entire teams benefit together in a fun and equitable gaming atmosphere.
5. AnRKey X also gives its users access to financial products engineered with evolutionary game theory. How can this benefit the users?
Evolutionary Game Theory models are structured into our gamified financial mechanics. As blockchain acts as a record of human behavior we designed systems to document and indicate “the evolution of our players and their cooperative and altruistic economic strategies over time.” The result is a measurable demonstration of both the players, the collective gaming community, and their socioeconomic evolution as a whole.
6. AnRKey X has developed first-of-a-kind “Liquid NFT”s. Can you tell us a little bit more about how these functions?
Our first of a kind liquid NFTs are based on our proprietary algorithmic DBV engine. Like a traditional stock market or crypto asset trading market, this instilled base value allows liquid and vibrant scalable markets to occur, enabling true supply and demand capabilities. This, combined with our NFT economic models, result in the creation of a self-sustaining and self-growing digital economy of tokenized production and sale of goods and services.
7. How does the Derived Base Value (DBV) Engine function within the AnRKey X ecosystem?
Our gDEX Protocol price oracle captures real-time floating economic variables, allowing for a responsive network that instills a true and accurate output of monetary price value and yield rewards value based on the input value by the participants of the economy themselves. A coefficient within the Derived Base Value (DBV) also regulates the total number and value of rewards and the supply of NFTs that can be generated within the ecosystem as a whole at any given time. Smart contracts execute the automation of our DBV Engine’s model in a transparent, self-balancing, and secure manner. As a result, our tokenized economy is based on defendable monetary value.
8. Can you tell us a little more about AnRKey X’s first game, Battle Wave 2323?
Battle Wave 2323 enables users to monetize their time, effort and skill to earn income and retain ownership. Built on Polygon L2 for maximum speed and minimum gas fees, Battle Wave 2323 combines eSports with a unique gamified liquidity mining system. Users are incentivized to compete in teams for the highest APY by coordinating strategic gameplay, LP staking, game card collectible NFT staking, and more. The difference between the eSports driven gamification of yield farming and other yield farming platforms on DeFi games, is that you are not playing alone, and are earning even more rewards by pooling your team’s APY. Battle Wave 2323 provides new opportunities to earn with fun and in-depth futuristic storytelling that draws from cyberpunk and hip hop themes in a galaxy that spans hundreds of years.
9. AnRKey X also has an NFT card game. What utilities do these cards have for gamers?
AnRKey X game card NFT collectibles are embedded with DeFi functionality that impacts the APY earnings for our gamers. Currently, these NFTs can be staked in-game to boost APY and enable users to earn even more real money rewards. All of our NFTs have been designed with an eye toward future functionality, as we have new card games in development that will deepen the utility of these NFTs and provide new ways for AnRKey X gamers to earn.
10. In the gaming industry as a whole, either for game creators, professional/casual players, gaming platforms etc, what utility do you see the PAID DApp, through it’s SMART Agreements technology, providing?
The PAID Dapp has great utility in providing a secure environment where agreements, contracts and escrow services can be carried out all in one place. This can apply to agreements between creators, corporate interests, tournament registrants and managers for example. With the PAID Dapp agreements/contracts can be streamlined and efficiently executed.
11. AnRKey X and PAID entered a strategic partnership earlier this year. How do you think the two brands complement each other, and what do you think would be the most interesting thing to come out of this partnership for both communities?
Both projects share a common goal in innovating within our chosen fields, it will be really cool to see how we integrate in the future!
12. How is AnRKey X planning to utilize the PAID DApp? And how do you see the PAID DApp benefitting the AnRKey X community if ever implemented?
The PAID Dapp with SMART Agreements technology help will streamline our back-office processes for payments and contracts.
13. What can we expect from AnRKey X over the next few months? (please invite the PAID community to any launches, or activities that have been recently launched or are about to launch)
In September we are launching Battle Wave 2323 Beta V2, which will include $ANRX only staking, new game features, and new ways for gamers to earn. With the addition of this feature our users will now be able to spend, earn, stake NFTs and receive rewards all on Polygon! We will also be releasing the gDEX game and NFT development engine in Q4, which will empower creators with DeFi & NFT development tool kits, built for the gaming creator economy.
AnRKey X looks set to lay the groundwork for many game developers’ entrance to DeFi. They are providing a route for even those unfamiliar with blockchain to give their players the ability to earn as they play. With Battle Wave 2323, AnRKey X is demonstrating exactly what is possible with the set of tools they make available to the developers. They are showing how DeFi is bringing an entirely new aspect to gaming. One that is likely to be around for a long time.
Thanks very much to Chris Casey, for joining us today. If you want to know more about AnRKey X you can check them out in any of these places:
PAID Network seeks to redefine the current business contract, litigation, and settlement processes by providing a simple, attorney-free, and cost-friendly DApp for users and businesses to ensure they #GetPAID wherever they are in the world.
PAID technology leverages Plasm to operate on both Ethereum and Polkadot ecosystems. PAID makes businesses exponentially more efficient by building SMART Agreements through smart contracts to execute DeFi transactions and business agreements seamlessly.
PAID streamlines backend legal operations with SMART Agreements, so that projects can focus on making their brand bigger and better.
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