Written by: 1912212.eth, Foresight News

Recently, the Web 3 game sector has begun to heat up. StepN and Treasure, which had been dormant, haveDAO ofTokenThe price is quite strong. Sipher Odyssey, which received financing at the end of the last bull market, Token The price of SIPHER soared 6 times in just one month, which is very impressive.

In October this year,BlockchainAlex Svanevik, founder of data analysis platform Nansen, said when talking about Web3 games, he believed that in the next 6 months, we will see the release of games that have been developed for more than 2 years. Although most of them will fail, a few may achieve great success, and SIPHER Odyssey is one of them.

It's time to learn about this Web3 shooting game.

1. Gameplay

Sipher Odyssey is a Web3 shooting role-playing game with a relatively simple story setting. In a fantasy universe full of alien worlds, vivid characters, and dangerous mysteries, embark on a virtual universe legend created by god-like artificial intelligence. The future of mankind is reborn and must fight to explore and protect their new home.

Players can choose to use different weapons in various game modes and win by shooting enemies or completing target tasks. The game map design is unique, including various different environments and scenes, such as Kroll Island, Himalayas, Doomsday Construction, Abandoned City, Desert Treasure Island, etc. Each map has multiple hidden shooting points, different bunkers, and other things that can help players perform at their best.

Game modes include PvP, PvE, open world metaverse, etc. Players need to control heroes to move flexibly, avoid traps and enemy attacks, and defeat enemies.

In the PvE dungeon mode, players collect characters and use them to embark on adventures, fight hostile creatures and robots, and clear dungeons within the specified time. Players can improve their strength by manufacturing and upgrading equipment, unlocking new heroes, completing faction missions, etc., continuously advancing the plot and exploring the Siphers universe.

在 PvP 模式中，玩家将组成 3 人小队，操控角色与其他玩家战斗，玩法类似英雄大乱斗，在指定时间内击杀敌人并生存，玩家可以通过学习新的技能、解锁新的角色、武器、职业等，通过战斗胜利、完成周 / 月 / 季度锦标赛来获得Token等奖励。玩家也可以加入帮派与公会，招募拥有强大实力的成员为你作战等。

The open world metaverse includes social interaction, equipment forging, NFT cloning, etc. Players can obtain economic benefits by trading these on-chain assets in the game trading market. At the same time, the project also encourages players to build their ownCommunity, forming its own community, and plans to allow players to obtain token rewards through live broadcasts of player games and fan rewards in the future.

Siphers Character NFT

NFTs have different rarities, including normal, infected, cybernetic, and cosmic. It is worth mentioning that holding NFTs can also unlock the reading of Sipher comics.

Sipherian Surge (Sipher Inu race)

The character NFT uses Shiba Inu as the design image, with a total of 10,000 pieces and a starting price of 0.1 eth. All were sold out in less than 15 minutes after the sale started. The floor price has now risen to 0.08 ETH, with a monthly increase of 961 TP3T. The total historical transaction volume is 6512 ETH, and the transaction volume in the past month is 12.08E, with a monthly increase of 1841 TP3T.

Sipherian Surge (Sipher Neko race)

The character is designed with a cat in mind. The NFT floor price is currently 0.0448E, with a monthly decline of 0.44%. The total historical trading volume exceeds 1500E, with a monthly trading volume of 5.17E and a monthly increase of 76%.

II. Investment Background and Economic Model

Both of Sipher Odyssey's investments occurred at the end of the last bull market cycle. On October 26, 2021, Sipher completed a $6.8 million financing round led by Arrington Capital, Hashed, and Konvoy Ventures. Defiance Capital, Signum Capital, Dragonfly Capital, CMT Digital, BitKraft Ventures, Delphi Digital, Alameda Research, Fenbushi Capital, Sfermion, Hyperchain, GBV, Kyber Network, Coin98 Ventures, YGG, and Merit Circle participated in the investment. Angel investors include Kabam founder Holly Liu, Nansen CEO Alex Svanevik, and others.

Just one month later, Sipher announced the public issuance of tokens with a total supply of 1 billion. It adopts a dual-token model, with the governance token $SIPHER and the in-game token $ATHER. The economic model forms a cycle through "battle → obtain resources → upgrade → trade → battle", and using the game trading market to trade will also reduce gas fees.

At the same time, the official also announced that a total of US$44 million (9950.1314 ETH) was raised, with 13,159 investors participating. The unit price of $SIPHER token was 0.00024 ETH. However, based on the Ethereum exchange rate of about US$4,100 at the time, the cost of a single token was US$0.984. Therefore, although the price of the coin has risen more than six times in the past month, as of the time of writing, the price of the coin has still fallen by about 70% compared to the public offering price.

The token distribution is::

30.4% is allocated for game incentives and marketing, locked for one month, and then unlocked based on time and demand;

25% are allocated to the team and its advisors, locked for 16 months, and then unlocked linearly over 24 months;

14% is allocated to the foundation and reserves, locked for 30 months, and then unlocked linearly within 24 months;

11.3% is used for seed round fundraising, locked for 16 months, and then unlocked linearly within 18 months;

10% is used for listing and liquidity rewards, 15% is unlocked by TGE, and the rest is unlocked linearly over 11 months;

5% is used for strategic round fundraising, locked for 16 months, and then unlocked linearly within 18 months;

4% is used for public offering, TGE 100%;

0.3% is used for promotion and cooperation, locked for 3 months, and then unlocked linearly within 12 months;

SIPHER tokens can be used for staking, cloning new characters, making new rare equipment, enjoying a share of market platform fees, and having the right to vote on future decisions of the game development team. At the same time, ATHER is a reward token that can be burned to upgrade the level of characters, skills, equipment and other in-game items, and can also be used to pay for cloning fees.

There is a dedicated staking page at the entrance of Sipher's official website, which is convenient for easy staking. The longer the lock-up period, the higher the corresponding share and reward. As of press time, the total value of staked tokens has exceeded US$2.7 million.

3. Team members

The founder, Tin Nguyen, is a well-known entrepreneur in Vietnam and one of the few serial entrepreneurs. He was once ranked among the top 30 by Forbes Vietnam. He graduated from the University of Melbourne and founded Dreamplex in 2015 to provide collaborative workspaces and social venues. In May 2021, he founded Sipher Odyssey across industries. So far, his personal X account has 12,000 followers, and Sipher's X account has over 100,000 followers.

Currently, the entire team has more than 160 members. The local Vietnamese team is mainly distributed in three cities: Ho Chi Minh City, Da Nang and Hanoi, and international members are spread across the United States, Europe, Singapore, the Philippines, Puerto Rico and Indonesia.

Not long ago, SIPHER announced that it would build a virtual video mall with Metacade to build a virtual video mall in Web3 games.Xiaobai NavigationThe overall situation is recovering, and future developments will be worth looking forward to.

The article comes from the Internet:A quick look at the gameplay mechanics of the Web3 shooting game Sipher

Related recommendations: 34 Bitcoin ecosystem projects worth paying attention to

Learn about the latest and most comprehensive Bitcoin ecological projects in one article. Author: Entropy BTByte It took me 24 hours to sort out the latest and most comprehensive Bitcoin ecological projects on the Internet. Currently, it is online at http://BTByte.com BTC ecological navigation. 1. Atomicals Ecology 1. Atomicals Wallet@atomi…