Cointime

Download App
iOS & Android

Arcade Meets Blockchain: Ordz Games Combines GameFi, Ordinals, and BRC20 Tokens

Cointime Official

Ordz Games, the first GameFi project employing the Ordinals protocol on the Bitcoin blockchain, officially debuted on March 22.

The platform features an extensive array of retro arcade games, accessible for both online and offline play. Catering to Free-to-Play (F2P) and Play-to-Earn (P2E) gamers, Ordz Games offers users a unique gaming experience, enabling them to enjoy complimentary entertainment while amassing in-game coins.

Development Path of Ordz Games

On March 22, Ordz Games released its first NFT, the "OG Cartridge." This Free Mint NFT had a limited issuance of 105 units. The OG Cartridge allows holders to mint games on the Ordz Game platform and automatically qualify for airdrops. It is currently tradable on the Magic Eden NFT marketplace and the Ordinals Wallet.

In the Magic Eden secondary market, the floor price of the OG Cartridge reached 0.185 BTC:

Source: https://magiceden.io/ordinals/marketplace/og-cartridge

On the Ordz Games platform, users can not only play games but also mint and own games. In March, the platform launched its first game season: Ordz City. OG Cartridge holders can mint games for free. The 105 games are divided into 21 levels, with 5 sub-levels each. In April, Ordz Games introduced the second game season, featuring "Ordz Rush" and "Ordz Edition," enabling users to mint their own games and engrave them on the blockchain.

  Ordz City — Inscription 605436
  Ordz Rush — Inscription 990351
  Ordz Edition  — 1192300

The Ordz Games ecosystem includes three primary roles: game players, OG Cartridge holders, and game owners. Anyone can participate in games for free and earn points through tasks or competitions. OG Cartridge holders can earn more points than regular players and participate in game minting. After minting a game, a player becomes a game owner and can earn extra points when others play the game.

On May 31, Ordz Games announced details of its latest NFT collection, "Ordz Heroes." As the first playable PFP item on BTC Ordinals, Ordz Heroes will be closely tied to the upcoming third season of Ordz Games. The platform will issue a total of 3,333 NFTs. The private minting session opens tomorrow, exclusively for whitelist members. The public minting session will take place on Magic Eden, with 777 reserved NFTs. Official pricing and specific timing have yet to be announced.

The Ordz Heroes auction concluded today, with the highest transaction price reaching 7,890 $OG$ (approximately 6,000u).

Ordz Game Tokenomics

Based on BRC-20, the project issued its native token, $OG$, which serves as a utility token within the ecosystem. With a total supply of 21 million tokens, the current number of holders stands at 2,021.

Players can earn tokens by participating in activities and competitions. The tokens can then be used to claim future airdrops, purchase in-game assets, or be directly used for mining to generate passive income.

According to data from brc-20.io, the current total market value of $OG$ tokens has reached $13.86 million, with a trading volume of $21,800 in the last 24 hours.

Innovations in Ordz Game: GameFi, Ordinals, and BRC20 Tokens

Ordz Game is a trailblazing project that combines several cutting-edge elements, including GameFi, Ordinals, and BRC20 tokens, to deliver a one-of-a-kind gaming experience for users.

  • GameFi: Reconnecting with the Essence of Gaming

Web3 games should prioritize the creation of engaging "games" and then focus on integrating Web3 features. If a game only retains speculative attributes, such as pump-and-dump schemes and airdrops, it will inevitably become a "bubble" and fail to develop sustainably.

Ordz Games offers classic 8-bit console games like Tank Wars and Super Mario, along with familiar arcade gameplay and nostalgic background music. This transports players back to their childhood in an instant.

  • Ordinals: Fully On-Chain Gaming

Traditional blockchain game projects often store only game data on the blockchain, such as player statistics, inventory items, game achievements, and incentives, while hosting the game itself on a centralized server. This approach is typically due to cost and speed concerns. Storing the game itself on the blockchain can be expensive, and the blockchain's distributed ledger structure is not designed for high-performance games, resulting in slower transaction processing times and less responsive gameplay.

With the Ordz Games platform, all games are 100% on-chain. Each game is an HTML file engraved on the Bitcoin blockchain. Leveraging Ordinals, the developers transform each game into an interactive HTML file, which is then engraved onto the blockchain, creating a truly decentralized gaming experience.

Storing the entire game on the blockchain ensures that players can fully benefit from the security and transparency provided by the Bitcoin blockchain. The game outcomes are determined by the blockchain and cannot be tampered with by the platform or any third party. Additionally, players have complete ownership of their in-game assets. Even if the Ordz Games platform ceases to exist, players can still access the games and maintain full control over their assets.

  • BRC-20: Introducing the $OG$ Token

In May 2023, BRC-20 tokens took center stage in the cryptocurrency market. As of May 18, 2023, there are 24,677 BRC-20 tokens with a total market capitalization of $466 million USD. Excluding the initially issued Ordi token, the top market capitalization tokens are all meme tokens, such as PEPE, MEME, and PIZA. However, these tokens lack real value due to limited application scenarios.

Ordz Game's native token, $OG$, serves as a game economic model token and may represent the first BRC-20 token with utility. This innovative approach highlights the potential of combining GameFi, Ordinals, and BRC20 tokens to create an unparalleled gaming experience with a strong foundation in tokenomics.

 But there are also risks...

Ordz Games aims to build out a gaming ecosystem on Bitcoin. The project plans to launch a blockchain game Launchpad to create a comprehensive ecosystem for game publishing and P2E. However, the platform is still in its early development stage, and investors and users may face certain risks, such as the possibility of unfulfilled promises. Moreover, Ordz Games focuses on retro arcade games, which cater to a limited user base. Attracting a wider audience is a challenge that the platform must address. Only time will tell if Ordz Games can overcome these obstacles and establish itself as a significant player in the blockchain gaming industry.

Comments

All Comments

Recommended for you

  • Uniswap’s market share in DEX has dropped to 36%

    The DEX landscape is undergoing changes, with the market share of the veteran decentralized exchange Uniswap dropping from over 50% in October 2023 to the current 36%.

  • Exowatt completes $20 million financing, a16z participates in the investment

    Startup company Exowatt announced that it is addressing the energy needs of data centers through its ceramic battery technology. The company claims that its technology can store solar energy for months, helping to cope with the rapid growth of power consumption in data centers. The company has received $20 million in seed funding, with investors including a16z and Altman. According to reports, Exowatt has accumulated 1.2 gigawatts of orders, mainly focused on data centers and cryptocurrency mining projects in the United States.

  • Singapore police investigate Worldcoin account transactions, arrest five people

    On September 10th, Singapore's Deputy Prime Minister Heng Swee Keat announced that Singaporean police are investigating seven individuals suspected of providing Worldcoin account and token trading services. This investigation involves possible violations of the Payment Services Act of 2019, and the police have arrested five people.

  • Putin: Russia "supports" Harris, calls her smile "contagious"

    According to foreign media such as TASS and Russia's Sputnik News, Jinse Finance reported that on the afternoon of September 5th local time, Russian President Putin said at the plenary session of the Eastern Economic Forum 2024 that Russia will "support" the US Democratic Party presidential candidate and vice president Harris as recommended by the US President Biden in the upcoming US presidential election. When asked how he viewed the 2024 US election, Putin said it was the choice of the American people. The new US president will be elected by the American people, and Russia will respect the choice of the American people. Putin also said that just as Biden suggested his supporters to support Harris, "we will do the same, we will support her." The report said that Putin also joked that Harris' laughter is "expressive and infectious," which shows that "she is doing everything well." He added that this may mean that she will avoid further sanctions against Russia.

  • An ETH whale repurchased 5,153 ETH with 12.23 million USDT 20 minutes ago

    A certain high-frequency trading ETH whale monitored by on-chain analyst Yu Jin bought 5,153 ETH with 12.23 million USDT 20 minutes ago.

  • CFTC: Uniswap Labs has actively cooperated with the investigation and only needs to pay a fine of US$175,000

    The CFTC has filed a lawsuit against Uniswap Labs and reached a settlement. It was found that Uniswap Labs illegally provided leveraged or margined retail commodity transactions of digital assets through a decentralized digital asset trading protocol. Uniswap Labs was required to pay a civil penalty of $175,000 and cease violations of the Commodity Exchange Act (CEA). The CFTC acknowledged that Uniswap Labs actively cooperated with law enforcement agencies in the investigation and reduced the civil penalty.

  • Federal Reserve Beige Book: Respondents generally expect economic activity to remain stable or improve

    The Federal Reserve's Beige Book pointed out that economic activity in three regions has slightly increased, while the number of regions reporting flat or declining economic activity has increased from five in the previous quarter to nine in this quarter. Overall employment levels remain stable, although some reports indicate that companies are only filling necessary positions, reducing working hours and shifts, or reducing overall employment levels through natural attrition. However, reports of layoffs are still rare. Generally speaking, wage growth is moderate, and the growth rate of labor input costs and sales prices ranges from slight to moderate. Consumer spending has declined in most regions, while in the previous reporting period, consumer spending remained stable overall.

  • Puffpaw Completes $6 Million Seed Round with Lemniscap Ventures as Participant

    Puffpaw has announced the completion of a $6 million seed round of financing, with participation from Lemniscap Ventures. The Puffpaw project plans to launch a blockchain-enabled electronic cigarette aimed at helping users reduce nicotine intake through token incentives. The project encourages users to quit smoking by recording their smoking habits and rewarding them with tokens. Puffpaw's token economics aims to cover 30% of the cost of users' first month of using their product and provide social rewards. The project also considers possible system abuse, but the issue of users potentially reporting smoking habits dishonestly is not yet clear.

  • Affected by Ethervista and others, Ethereum Gas temporarily rose to 33gwei

    According to Etherscan, due to the influence of contracts such as Ethervista, Ethereum Gas has temporarily risen to 33gwei, with the top three being EthervistaRouter, UniswapRouter, and BananaGun.

  • Bitcoin $59K price may swing ‘drastically’ amid election year parallels

    If Bitcoin follows the same pattern as previous election years, August will be “nothing crazy,” but a breakout may occur within a month or two, according to a crypto analyst.