Our research team has been browsing the entire market for new crypto gems. The ongoing downtime is a huge opportunity to pile up good projects in your portfolio. Our search for potential gems takes us to Animoca Brands’ portfolio.
Animoca Brands is a venture capitalist firm that specializes in games. Their portfolio includes over 400 top Web3 projects such as Toncoin, Flow, Polygon Matic, Axie Infinity, OpenSea, Dapper Labs (NBA Top Shot), Yield Guild Games, etc. One of the projects that we want to explore as a potential gem in their portfolio is the Mines of Dalarnia. In this article, we explore if this project meets the Altcoin Buzz standard for a potential gem.
What is the Mines of Dalarnia (MoD)?
Mines of Dalarnia is a blockchain-based action-adventure game where players mine for resources, upgrade their characters, and explore the game’s universe. The game has an intriguing storyline. Set in the year 11,752, Mines of Dalarnia is an intergalactic mining adventure game. Each player seeks rare resources to craft their items. And move to more dangerous zones within the game.
Each Darlanian miner’s goal is to gather more wealth, become more powerful, and fight monsters. Mines of Dalarnia has gained attention in the gaming community due to its play-to-earn (P2E) model. However, the project’s litepaper places more emphasis on the “play.”
Mines of Dalarnia features two main roles for players: Miners and Landowners. They don’t have to choose just one. Players can switch between both whenever they like. Miners focus on gathering resources and upgrading their gear. The types of mining they can do depend on the power level of their equipment, which shows how far they’ve progressed.
Landowners rent out their plots to miners and earn the game’s utility token, $DAR, as rent. However, resources on a plot run out with each dig. So, landowners need to manage their plots.
Ownership
The game uses non-fungible tokens (NFTs) to represent in-game assets. These NFTs include miners, mining tools, and land plots. Players can buy, sell, and trade these assets on various NFT marketplaces, adding a layer of economic depth to the game. The ownership of in-game assets via NFTs ensures that players have true ownership. And can monetize their in-game achievements.
Source; X
Tokenomics
The DAR token is the native currency of Mines of Dalarnia. It serves multiple purposes within the game. This includes:
purchasing mine pass
Renting mining plots
Upgrading and crafting equipment
Trading on the resource DEX
Competition buy-in
Trading on the marketplace
The team designed the tokenomics to create a sustainable in-game economy. The total supply of DAR is capped at 800,000,000 DAR tokens. It has a market cap of $98,829,963 and trades at $0.1666.
Fundamental analysis
Part of our fundamental analysis of Mines of Dalarnia involves checking out their team and website. Their website is pretty detailed. It covers their partners and their litepaper. Mines of Dalarnia is developed by a team with a strong background in game development and blockchain technology.
Mines of Dalarnia raised around $2.7 million in seed funding from investors like
Animoca Brands,
Binance Labs,
Bitscale Capital, and others.
Community and social media
Mines of Dalarnia boast an active and growing community. The developers maintain an active presence on social media platforms like:
Twitter,
Discord,
Telegram.
YouTube
LinkedIn
They engage with players, provide updates, and gather feedback on these platforms. This active community engagement helps build a loyal player base. And enforces a sense of ownership among players. Let’s look at their social media.
MoD has 128k followers on X, with a pretty engaging community.
Their Telegram has 8,980 members with average interaction levels.
Their LinkedIn page has over 2,000 followers.
The project’s YouTube channel has over 12,000 subscribers with average engagement on videos.
Their Discord has over 38k members with average engagement.
Overall, Mines of Dalarnia has a good social media presence. However, engagement can be better as it is currently average.
Partnerships and Collaborations
The game has formed strategic partnerships with other projects in the blockchain and gaming space. These collaborations help expand the MoD’s reach and integrate additional features and content. Some of their partners include:
Binance Labs
Chromia
Impa Venturers
Asym Ventures
Sekuya
GaFIN
These partnerships enhance the game’s ecosystem. And provide players with more opportunities to interact with the game.
What is MoD’s market potential/competitive edge?
The crypto gaming space is pretty competitive, driven by the popularity of P2E games and NFTs. MoD is well-positioned to capitalize on this trend. Its unique gameplay, blockchain integration, and economic incentives make it an attractive option for players looking to earn while enjoying a high-quality gaming experience.
MoD’s combination of mining, combat, and exploration makes it a good gaming option. The constant generation of mines ensures that players always have fresh content to explore. And the P2E model provides good rewards for their efforts. This blend of features gives Mines of Dalarnia a competitive edge over most Web3 games.
Conclusion
Mines of Dalarnia stands out as a gaming project. We like that they are active on social media. Their YouTube has over a hundred videos, which is solid. Their gameplay is of good quality. In addition, MoD enjoys backing from top names like Binance Labs and Animoca Brands. These guys do not invest in projects without potential. So, that’s enough reason to consider them.
However, we do not consider them a gem now because there’s a lot of work to be done. First, they need a clear roadmap. They also need to forge more partnerships to expand their ecosystem. In addition, they’ll need to improve their community engagement.
Regardless of these, we do think they have the potential to be a hidden gem, provided they address some challenges they face. And continue to update.
We recently published other articles on projects we think are possible gems. Here’s one for Chirp Network and Polymesh.
Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the writer/reviewers, and their risk tolerance may be different from yours.
We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments, so please do your due diligence.
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This articles is written by : Fady Askharoun Samy Askharoun
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