Overview
ALICE is based on Web3’s Ethereum blockchain (ERC-20). It is the official currency of the blockchain-based multiplayer game My Neighbor Alice, allowing players to not only play and invest in the game using DeFi but also socialize with other players. With ALICE, players can purchase various tokenized items present in the game like lands, Avatar skin, virtual houses, etc., through DeFi, and build exciting items they deem fit. All lands purchased are stored on Web3’s blockchain as an NFT – Non-Fungible Token, which you can trade via P2P (peer to peer) any time you want due to its tokenization.
My Neighbor Alice aims to introduce Web3 and its blockchain technology to millions of gamers by focusing on various gaming communities inside the conventional gaming industry. The game is based on Web3’s blockchain, integrates DeFi features, and uses the Internet of Things. You don’t necessarily need foreknowledge of DeFi or cryptocurrencies to enjoy gaming on the platform. So, players need not interact with the underlying blockchain technology, except they are curious about it.
Play to Earn Feature
The play-to-earn feature is one of the captivating features of this Web3 metaverse. You’ll earn with increasing engagement and participation in the game. Players run the game’s economy, and their interaction creates various entrepreneurial opportunities for users regardless of their experience level and the wealth accrued in the game over time. As a user, you can earn by selling various items you discovered while roaming, selling unique items you created via DeFi, harvesting products on your land, and completing jobs posted by other users. This is possible due to the incorporation of tokenization into the platform. You can also lend out your NFTs for a price and complete quests in the game, leading to you earning particular rewards on it due to its tokenization.
Staking
While it is true that users don’t have the privilege of mining ALICE CryptoTokens, yet, they can stake their CryptoTokens to reduce its supply in the metaverse, for which you earn various rewards. This is possible through tokenization, and it helps to ensure users hold their CryptoTokens in the game’s early days while other significant features are being added. As the game matures and new features are added, the staking rewards will also reduce drastically.
Security
With the incorporation of DeFi and tokenization, you can store your ALICE CryptoToken on any Web3 wallet supporting Ethereum’s ERC-20. Hardware wallets and cold wallets like Ledger and Trezor provide offline storage. There are also software wallets like Trust Wallet, Metamask, atomic wallet – a multi-platform wallet – and other ERC-20-supported wallets that provide an alternative that is cost-free and easy to use. You can download them as desktop or mobile apps, and they can also be custodial or non-custodial.
