Binance’s latest Launchpad project, Portal, has gone live, causing BNB to surpass $380. Today, let’s take a look at what the Portal Gaming project is all about and what has caused the intense attention.
Portal Gaming is a platform specifically designed for Web3 games. The platform focuses on features such as one-click login with Portal Passport and easy payments. It provides a system for managing all in-game assets in one place, including NFTs and Account Abstraction. The platform emphasizes social features and multiplayer gaming. It supports cross-chain operability, allowing players to play games on any chain. Portal is supported by the leading interoperability protocol LayerZero, enabling seamless integration between games on different chains. The website lists over 200 games, including MMORPGs, strategy games, survival games, and more. Portal Gaming aims to create a unified Web3 gaming ecosystem by connecting games and players across different blockchain networks, providing access to a wide range of games and game distribution opportunities. On October 12th, Portal announced integration with Polygon, followed by integration with Avalanche on October 26th. It plans to integrate with networks such as Solana, Polygon, and Klaytn in the future. In simple terms, Portal aims to become a Steam-like gaming platform in the Web3 world, integrating a large number of games and overcoming cross-chain and payment issues through network integration and Layer0 technology, allowing players to freely play games on one platform.
Portal Coin is the native token of Portal Gaming, serving as the general-purpose gaming currency. It acts as a bridge between Web3 games and game players and can be used for platform governance, game trading, and other scenarios. The platform, developed by LZ Technology, includes market integration that allows the use of Portal tokens in various markets. For example, Portal Gaming has established a distribution partnership with Magic Eden, a leading cross-chain NFT platform, allowing users to purchase any NFT using Portal tokens. This makes the token a validated currency through Magic Eden, providing additional utility.
The Portal token can be used for buying and selling in-game items, adding practicality and interactivity for players. Users can vote and influence the future direction of the Portal token and platform, showcasing a community-driven development and governance approach. By staking Portal tokens, participants can earn rewards from the foundation and partners. Players can increase their score in the mining pool through staking, thereby influencing the distribution of rewards to the mining pool. Users can access and purchase exclusive NFTs from the platform’s partner network. They can also choose to purchase nodes to power the core portal infrastructure and platform, highlighting a decentralized approach to maintaining and operating the platform.
According to the whitepaper, Portal Gaming is developed by the Portal Foundation, an organization based in the Cayman Islands. The team consists of professionals from many top game studios who have been involved in disruptive game development. The known members of the Portal Gaming team, as disclosed on Twitter, include:
– John Yao: CEO of the esports club Team Secret. John Yao will provide insights and resources in the mainstream esports field. He is a recognized industry expert and has been featured in CNBC Squawk Box, Forbes, esports observers, and other renowned publications. Team Secret is a globally renowned esports club, ranking in the top ten in total tournament earnings and managing six professional teams with players and staff across more than 20 countries.
– Russell Hanson: Scientist, technology expert, and entrepreneur with over 15 years of experience in AI, health, data science, and cryptocurrency. He previously served as the Chief Scientist of Consensys Endjinn AI team from 2018 to 2019, responsible for developing and improving AI models for cryptocurrencies. He is currently the Chief Innovation Officer of Sama Therapeutics, leading the innovation and development of the iMAGiNE precise neuropsychiatric AI/ML platform. Russell Hanson will introduce generative AI + automation to Portal Gaming and its expanding game and digital asset library.
– Jamie King: Co-founder of Rockstar Games, known for the Grand Theft Auto series, before 2006. Currently serves as EVP/Marketing at Solace Lifesciences, Inc. and Executive Vice President/Director of Esports at Engine Shop. Jamie King excels in market entry strategies and leading cross-functional teams to build new products and dynamic marketing campaigns. His main responsibilities at Portal Gaming are to drive the inclusion of Web2 games and provide advice on game and IP creativity and direction strategies.
– Matt Dixon: Experienced professional in the gaming industry with over 15 years of leadership experience in game development and publishing. Currently, the CEO and co-founder of Landmarket, he previously served as the Director of Business Development at Electronic Arts from 2016 to 2022.
Portal Gaming’s strategic investors include Newman Group, which will provide strategic advice for Portal Gaming’s Asian market. Game partners include Space Nation, Oxya Origin, Nine Chronicles, Crypto Unicorns, MagicCraft, DeFi Kingdoms, and more. Other partners include LayerZero, Magic Eden, M80 (esports and gaming organization), and MWE (entertainment and cultural agency).
The maximum supply of Portal tokens is 1 billion, which will be minted at the beginning and gradually released to the community treasury over time. The main uses of the token are as follows:
– Payment of transaction fees: Transaction fees consist of cross-chain transactions verified by Portal nodes and native fees within the Portal network. After paying the transaction fees, a portion will be burned, and a portion will be placed in the treasury. The tokens in the treasury will be redistributed as rewards to nodes, game developers, and given back to players.
– Price targets and payment options: All transactions within the Portal network will support Portal tokens as one of the payment options for in-game or game-related markets. All fees associated with cross-chain transactions through the Portal network will also be denominated in Portal tokens.
– Voting and staking mechanics: Players and game mechanics can earn rewards through staking and influence game visibility and attention on the Portal Gaming platform through voting. Portal refers to this incentive system as the stake-to-scale system, which benefits both players and game developers and enables decentralized game distribution.
– Providing liquidity: Portal tokens also play a natural role in providing central liquidity for game tokens and game assets on the chain, thereby gaining certain economic benefits from the overall Portal ecosystem.
Regarding reward distribution for mining and other scenarios, Portal Gaming will adjust the distribution of Portal tokens based on the staking ratio. In the distribution to games, 20% of the game distribution tokens will be allocated to node operators.
Portal Gaming’s presale started on December 14th, 2023.
At that time, the Crystal Dash token airdrop activity was related to the presale mechanism and the score economy model. The score determines the user’s level, and different levels correspond to different rights. So how do you earn Crystal Dash points? The specific participation methods are as follows:
– Follow and track the @Portalcoin Twitter account.
– Find the Crystal Dash link.
– Register and start participating in @Portalcoin content.
– Create content with the @Portalcoin user tag on Twitter. Users can earn points by viewing, liking, replying, retweeting, and quoting:
– Views: 2 points per view.
– Likes: 10 points per like.
– Replies: 20 points per reply.
– Retweets: 25 points per retweet.
– Quotes: 30 points per quote.
– Score Multiplier: This multiplier affects the number of points a user can earn through actions and may increase based on the user’s number of followers.
According to the official market research disclosed, the overall market volume of the game metaverse has exceeded $192 billion. Portal is not just a gaming platform but also a macro vision for the future of gaming. It aims to drive Web3 games into the mainstream market and bring more possibilities to the gaming industry. It marks a new chapter in the integration of games and blockchain technology. The description of Portal has generated great anticipation among a large number of entertainment game users. If it achieves its intended roadmap smoothly, it is bound to become a significant work in the Web3 and gaming field. Everyone can learn more and participate in the Portal Gaming project, playing with a relaxed attitude while exercising caution in investing.
Related Links:
https://app.trendx.tech/projects/814755ec2afca14f8882cf955345a6225e75332afae3b68d78bfd5c061795bac
Official Website:
https://www.portalgaming.com/
Official Twitter:
https://twitter.com/Portalcoin