🎮What is MetaFighter? I Market Design, Mechanism Design and Token Design Explained🎮
Economics Design
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Overview
It is a retro arcade style fighting game integrated with blockchain technology. Stake tokens for skills, skins, characters within the game. Users can rent their NFTs for other players to use within the platform. PvP requires a token fee which will become a wager between the two fighters where the winner will be rewarded with more tokens.
High Level Token Summary
The governance token is called $MF token (Metafighter token) and it is capped at 1,500,000,000 total.
Players get it through purchase on secondary markets, gameplay or tournament rewards, rental/sale revenue
The token is used for in-game currency , fighting rewards, governance, experience points leverage.
Market Design
Player Archetypes:
Killers: Arcade fighting games have a classic yet very competitive Esports scene. Metafighter is no different as PvP is a big component of the game. Therefore, killers
Achievers: Users who look to collect Metafighters, progress through the PvE or story mode of the game, or get their fighter s to the max level can be considered Achievers in this project.
Investors: There is a clear investor class in Metafighters because of the presence of an internal renting platform. Players can rent NFTs in order to play the game, or rent arenas where players conduct matches. Arenas can also be customized to ad advertisements for passive income.
Mechanism Design
1v1 or 3v3 Classic Arcade Style Best of 3 Battles with different game modes:
Fight To Learn - Free to play experience of the game
Fight to Gain - Users level up their NFT characters
Fight to Earn - Wager $MF tokens on fights against opponents
Tournament - Special Events that have big prizes
PvE - Hone skills and get EXP combating CPU opponents
PvP - Test your skills and challenge friends
Players can also choose to hold tokens in order to get EXP modifiers, purchase skins to change the look of their champions, or equip superpowers to the champions that give them access to special abilities.
Token Design
Drivers
The main driver for the $MF token will be gameplay engagement and content. This will be measured by how much $MF tokens will be staked for rewards, held on to for EXP multipliers, or wagered in order to get more tokens in return.
Allocation Mechanism
Majority of the token allocation (36%) will be used for investment rounds (seed, private, IDO), while the next big chunk (27.33%) is set aside for operational costs, or cost associated with team, advisors, legal, development, etc.
33% goes to gameplay rewards, 7.33% to community airdrops and 6% for DEX or CEX liquidity.
Risks
Systematic Risk
The main token faucet of the protocol is through wagering on PvP battles (Fight To Earn gameplay), which can be perceived by some areas as gambling and may be subject to gambling laws.
Potential Solution
The team can double check the gambling laws where they want to launch the game or which geographical areas they plan to market the game to and prepare a plan for the mechanic not to be considered gambling. This could be in the form of a sure EXP reward (or other rewards)
Idiosyncratic Risk
One of the mechanism designs of the platform is having NFTs that can be leveled up and sold on the marketplace. At the beginning, all NFTs start at level one, but after a certain point, the NFTs that have reached the max level and could end up on the marketplace. If most NFTs on the market have reached Max level, it might not be accessible to most players due to its price.
Potential Solution
A possible way to mitigate this is for the team to have a reserve of characters that they’re ready to mint when a large influx of players start entering the economy. This way, new players can enter the economy at a reasonable price. However, the team needs to introduce a mechanic to burn NFTs as well, especially in the event where users start exiting the economy.
Conclusion
It is a retro arcade style fighting game integrated with blockchain technology. Stake tokens for skills, skins, characters within the game. Users can rent their NFTs for other players to use within the platform. The governance token is called $MF token (Metafighter token) and it is capped at 1,500,000,000 total. The token is used for in-game currency , fighting rewards, governance, experience points leverage.
