We recently heard of the launch of ‘World of Ether’, a new Eth-based blockchain game that allows a player to not just buy and breed Etherians – monsters with specific elemental abilities – but also battle them. Today’s news reports a new development in the blockchain gaming world – CryptoCelebrities.
Yup, that is exactly what it says it is. Based on a similar gameplay to that of CryptoKitties, CryptoCelebrities allows you to but celebrity ‘contracts’. These contracts are one of a kind and does not restrict itself to the most famous celebrities.
The concept is similar to CryptoKitties but with one major difference. Sellers are guaranteed some profit. How it works is something like this.
A player can buy a celebrity contract, a sole one of its kind, for Ethereum. If another player wants to collect that same celebrity, they will have to pay more than the owner spent for buying that celebrity, guaranteeing the owner some profit.
Needless to say, it will be expensive. Say the contract value is 0.05 ETH. To buy it off another player, you have to double its value. Based on current stats, the price for a new contract is 1.2 times the original amount up to 0.5 ETH, and for above 0.5 ETH the price markup for a new contract is roughly 1.15 times that. So if you buy Bill Gates, you can expect the price markup to look something like this:
As you can see, each transaction neatly raises the price, guaranteeing the seller some returns.
The celebrities in question will earn some of the sale money too. If they have verified their association with the game, they will earn up to 3% per new contract sale and they can either keep the money or give it to charity. Currently the most expensive celeb is Vitalik Buterin, which is a no brainer given that he is the co-founder of Ethereum. His contract price is 24.66606 ETH and has already had 32 transactions. Following closely behind are Satoshi Nakamoto, Donald Trump, Angelina Jolie and Elon Musk, rounding up the top 5 most expensive contracts on the game at the time of this blog post being writtien.
One cannot bet on the game being massively popular given that it is very limited in gameplay unlike CryptoKitties, where you can breed and discover new breeds of virtual cats. The game is, therefore, banking on players having a ‘celebrity rage’, much like a fan buying merchandise from the Kardashians, to keep the game going despite rapid price increase which is a problem given Ethereum’s high USD exchange value (or that of any other cryptocurrency for that matter).
It will be interesting, therefore, to see how the game proceeds in the future, or whether it will be as much a competition to CryptoKitties as some websites and blogs are touting it to be. That is if it isn’t slapped with a order to stop by some celebrities who won’t be amused about having their likeness and profile for sale on a website. Intellectual property rights aside, it only goes to show the potential for more games to be developed on blockchain technology and that more games of its kind are possible in the future.