Monday, March 20, 2023
  • About Us
  • Web3Wire
  • Meta3Wire
  • RSS Feed
  • Partners
  • Media Kit
  • Contact Us
Block3Wire
No Result
View All Result
  • Home
  • NFTs
  • Business
    • News
    • Opinion
    • Guides
    • Press Releases
  • Crypto Whitepapers
  • DeFi Research Reports
  • Blockchain Resources
Block3Wire
  • Home
  • NFTs
  • Business
    • News
    • Opinion
    • Guides
    • Press Releases
  • Crypto Whitepapers
  • DeFi Research Reports
  • Blockchain Resources
No Result
View All Result
Block3Wire
No Result
View All Result
Home Business

Planetarium Labs Announces NCG 2.0, a Major Ecosystem Overhaul with New Token Burns and Usage Mechanisms

December 20, 2022
in Business
0
29
SHARES
491
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

Planetarium Labs, aiming to become a pioneer of open-source, decentralized blockchain games, announced a significant ecosystem update on December 19th with plans to majorly overhaul its current NCG (Nine Chronicles Gold, a native in-game token of Nine Chronicles) tokenomics and gaming system. The update includes future blueprints for reimagined multi-platform versions of Nine Chronicles, next-generation NCG burns and expenditure mechanisms, its multichain expansion, and ecosystem funds for further developments. The plan intertwines with the previously announced buyback initiative, which pursues the same ideology of invigorating ecosystem growth and bolstering the Nine Chronicles IP (or universe) expansion in the Web3 Market.

Nine Chronicles platform expansion to mobile games

In 2023, Nine Chronicles will expand its horizons. Unlocking its current limitations to Windows, Nine Chronicles will be compatible with other operating systems, including Mac and Linux. The team will also launch Android and iOS-catered mobile versions of Nine Chronicles, promising an unparalleled immersive gaming experience with greater accessibility. This massive expansion across platforms anticipates a ten-fold increase in the daily active user pool of Nine Chronicles. Along with the mobile version, an IAP (In-app Purchase) system will be introduced to enable players to directly craft, sell, and buy items and facilitate the circulation between the NCG and fiat currencies. Moreover, the announcement highlighted introducing an unprecedented and transparent Web3 gacha system, defying the common perception of traditional gacha systems being rigged.

New burn mechanisms and ecosystem funding

Nine Chronicles emphasized a next-generation mechanism for increased burns and expenditures of its native token, NCG. As a part of the planned rollout, several new features have recently been added to Nine Chronicles. The Rune System is a new game feature that aids players in battle, allowing them to upgrade their runes to strengthen their characters in the game with NCG and other materials found in-game. In addition, Project D:CC (De:Centralized Cat), the PFP NFT collection issued by Nine Chronicles, launched a staking system that compensates the holders of the NFTs with WNCG (Wrapped Nine Chronicles Gold) and DCCM (DCC Mileage). Both newly introduced systems generated a massive positive reaction from the fans, each resulting in a skyrocketing rate of 871.7% increase in daily NCG usage and 1,148 NFTs staked from a total of 3,000 sold-out NFTs in only five days. The team stated that 50% of the revenue generated from the newly introduced game features and IAP will be burned to maintain the stability of the NCG ecosystem. Earlier in December, the team announced a buyback initiative to stabilize and support the value of NCG. The initiative is currently being executed at about a 45% completion rate.

Multichain blockchain expansion 

To further extend the versatility of the token, Nine Chronicles will engage in multichain support. Multichain support will allow new Web3 gamers or investors to easily onboard the Nine Chronicles universe. Starting with the BNB Chain, the expansion will allow WNCG to be easily traded with various tokens on the BNB chain network and enable staking WNCG on DEX pools to receive staking rewards. Nine Chronicles is also planning to add support for staking on various chains that are compatible with EVM, such as Polygon and Arbitrum in the near future. Furthermore, Nine Chronicles will move from a PoW (Proof-of-Work) system to a PoS (Proof-of-Stake) system. Through the transition to the PoS system, the Nine Chronicles blockchain is expected to achieve greater scalability and improve its sustainability and technical efficiency. As a result, Tokens previously rewarded under PoW will decrease significantly. More detailed information on the transition has been provided via the NCIP (Nine Chronicles Improvement Proposals).

Solarium Labs, a new ecosystem fund

As the publisher of Nine Chronicles, Planetarium also participates in the shared vision. Planetarium is launching Solarium Labs, an investment and partnership arm to discover and nurture early pioneers of Web3 and gaming. Solarium Labs will operate an ecosystem fund that provides grants and investments to projects benefiting the Nine Chronicles community and encouraging the use and/or burns of $NCG. The fund also aims to diversify the use cases of the Nine Chronicles IP and LibPlanet. Leveraging experience in building Web3 infrastructure and contents, Solarium Labs plans to facilitate mass adoption of Web3 gaming as a whole and, in the process, expand the network of Nine Chronicles and LibPlanet.

Kijun Seo, CEO of Nine Chronicles, commented, “As we move forward into 2023 and beyond, our commitment and efforts in growing the NCG ecosystem, broadening the use cases for NCG, and discovering new audiences remains strong.”

About Planetarium Labs

Planetarium Labs is a community-driven Web 3 game company with top-notch experts from various fields devoted to delivering scalable, meaningful impact through our gaming experiences, where anyone can create, share, own & earn. Planetarium Labs strongly believes that communities can create infinite possibilities through decentralized innovations. To learn more about Planetarium Labs, visit Planetarium Labs’ discord.

About Nine Chronicles

Nine Chronicles is a decentralized, open-source, free-to-play MMORPG based on Norse mythology and the first title to be developed with Libplanet. Nine Chronicles is run on a peer-to-peer network of players without requiring any centralized server to host. The entire game, from crafting an item to complex battles, takes place fully on-chain. Nine Chronicles is governed by its community and supported by a complex economy where supply and demand are the greatest currencies.

About Block3Wire
Block3Wire – News, press releases, events and research articles about Blockchain, Bitcoin, Ethereum, Cryptocurrencies, NFTs, DeFi, GameFi and DAOs. Explore Blockchain and Web3 Resources, DeFi research reports and all crypto white papers. Follow us on Google News and Listen to us on Google Podcast!

Visit Web3Wire for Web3 News and Events, Block3Wire for the latest Blockchain news and Meta3Wire to stay updated with Metaverse News.

Tags: FeaturedNine ChroniclesPlanetarium Labs
Previous Post

Antier Leverages New-age Technologies to Provide Top NFT Solutions

Next Post

Remooz Inc. unveils new branding and expands blockchain product offerings

Next Post
Remooz

Remooz Inc. unveils new branding and expands blockchain product offerings

Discussion about this post

Newsletter

Join our Block3Wire Community!

Our newsletters are only twice a month, reaching around 10000+ Blockchain Companies, 800 Web3 VCs, 600 Blockchain Journalists and Media Houses.


* We wont pass your details on to anyone else and we hate spam as much as you do. By clicking the signup button you agree to our Terms of Use and Privacy Policy.

Popular on Block3Wire

  • Dexalot

    Dexalot Launches First Hybrid DeFi Subnet on Avalanche

    27 shares
    Share 11 Tweet 7
  • Covo Finance: Revolutionary Crypto Leverage Trading Platform

    27 shares
    Share 11 Tweet 7
  • BitFrontier Capital Holdings, Inc announces signing of lease for new crypto mining facility

    27 shares
    Share 11 Tweet 7
  • MINTangible takes on NFT intellectual property chaos with the introduction of a revolutionary NFT IP Rights Solution

    29 shares
    Share 12 Tweet 7
  • Global Web3 Payments Leader, Banxa, Announces Integration With Metis to Usher In Next Wave of Cryptocurrency Users

    27 shares
    Share 11 Tweet 7

RSS Latest on Web3Wire

  • Quantic Executive MBA Grads Launch Revolutionary Entertainment Public Blockchain Project (EPBP)
  • Bitcoin of America Announces New ATM Kiosk Feature BillPay
  • SupraFin Launches Institutional Quality Crypto Risk Scores/Ratings
  • 2023 Crypto Wallet Report: Top 3 Trends to Look Out
  • Capgemini collaborates with The University of California, Berkeley to accelerate time to market of new materials

RSS Latest on Meta3Wire

  • Thumbtack Honored as a 2023 Transform Awards Winner
  • Accenture Invests in Looking Glass to Accelerate Shift from 2D to 3D
  • MetatronAI.com Unveils Revolutionary AI-Chat Features and Interface Upgrades
  • Purely.website – Disruptive new platform combats rising web hosting costs
  • WEMADE and Metagravity Sign Strategic Alliance MOU to Collaborate on Blockchain Games for the Metaverse
Block3Wire

News, press releases, events and research articles about Blockchain, Bitcoin, Ethereum, Cryptocurrencies, NFTs, DeFi, GameFi and DAOs.

  • About Us
  • Web3Wire
  • Meta3Wire
  • RSS Feed
  • Partners
  • Media Kit
  • Contact Us

Crypto Coins

  • Top 10 Coins
  • Top 50 Coins
  • Top 100 Coins
  • All Coins – Marketcap

Crypto Exchanges

  • Top 10 Exchanges
  • Top 50 Exchanges
  • Top 100 Exchanges
  • All Crypto Exchanges
80 Best Blockchain Websites

Crypto Stocks

  • Blockchain Stocks
  • NFT Stocks
  • Metaverse Stocks
  • Artificial Intelligence Stocks

Tokens – ICOs and IDOs

  • ICO – Token Sales
  • Ongoing ICOs
  • Upcoming ICOs
  • Past ICOs
Block3Wire on Google News

Blockchain Resources

  • Blockchain and Web3 Resource Directory
  • Decentralized Finance (DeFi) – Research Reports
  • All Crypto Whitepapers

Metaverse Resources

  • AR VR and Metaverse Resources
  • Metaverse Courses

Block3Wire Podcasts

Block3Wire Podcast on Amazon Music  Block3Wire Podcast on Google Podcast

Block3Wire Podcast on Anchor.fm  Block3Wire Podcast on Spotify
  • Privacy Policy
  • Terms of Use
  • Disclaimer
  • Sitemap
  • Crypto Sitemap

© 2023 Block3Wire | All Rights Reserved.
Our Media Network: Web3Wire | Block3Wire | Meta3Wire
We strongly recommend our readers to DYOR, before investing in any cryptocurrencies, blockchain projects, or ICOs, particularly those that guarantee profits.

No Result
View All Result
  • Home
  • NFTs
  • Business
    • News
    • Opinion
    • Guides
    • Press Releases
  • Crypto Whitepapers
  • DeFi Research Reports
  • Blockchain Resources

© 2023 Block3Wire | All Rights Reserved.
Our Media Network: Web3Wire | Block3Wire | Meta3Wire
We strongly recommend our readers to DYOR, before investing in any cryptocurrencies, blockchain projects, or ICOs, particularly those that guarantee profits.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Go to mobile version