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:
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.
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.