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How Blockchain Mining Is Coming to NFTs with Alien Worlds

Place/Date: - November 30th, 2020 at 7:08 pm UTC · 3 min read
Source: Alien Worlds

How Blockchain Mining Is Coming to NFTs with Alien Worlds
Photo: Alien Worlds

Blockchain and crypto enthusiasts are more than familiar with the concept of mining for rewards, especially as it is the process which underpins and secures the Bitcoin network. Now mining is set to enter the domain of NFTs with Alien Worlds, a blockchain gaming project which wraps up the entire DeFi sector into an overarching narrative of interstellar exploration, exploitation, profiteering and domination.

It’s part game, part DeFi yield farming with a sprinkle of NFTs for good measure. As Alien Worlds prepares for its land auction on 6 alien planets, each with the potential to administer and manage itself through its own DAO, we take a closer look at what could very well be one of the most ambitious projects in the DeFi sector.

It’s All a Game

Although the DeFi sector has often advertised its altruistic qualities and talked a big game about “banking the unbanked” its early days have equally been marked by yield farming mania, food tokens aplenty and users who proudly announce themselves as “degens” or degenerates. The truth is that the current DeFi sector has proved to be a game for the many who have chased down its outsized returns and huge APYs.

In Alien Worlds this energy is channeled into actual gameplay, in a story involving interstellar exploration across 6 unique planets, each with land that can be owned and mined for profit in the form of Trilium (TLM). There are different land types to mine, different tool types to choose from and upgrade, ways to combine NFTs for Trilium rewards, battle mechanics and more.

As for the Alien Worlds themselves, they constitute a combined 3,343 NFT land packs which are set to be sold to the public in a Dutch Auction on December 4th. This aspect of the project shares similarities to Decentraland or Sandbox who have already conducted their own NFT land sales, generating great excitement within the industry.

One big difference between land in Decentraland, Sandbox and Alien Worlds is that land in Alien Worlds is far more scarce with only 3,343 plots compared to around 90,000 in Decentraland and 120,000 in Sandbox. Another key difference is that owning land in Alien Worlds can prove to be a rewarding experience in its own right.

Independent Worlds

Explorers of the Alien Worlds can choose to mine the land or let others mine the land for them, enjoying commission in the form of the project’s native token Trilium (TLM). In this manner the NFT land assets of Alien Worlds share similarities with DeFi yield farming. Trilium can further be staked to confer staking rewards and governance rights with each planet holding the potential to become its own DAO or decentralized autonomous organization. Within planets further unique games can be designed and created with extra rewards and NFTs on offer.

It’s a highly ambitious project and concept, which will demand a lot of the team which is attempting to implement it. That team is Dacoco, which had the pivotal ABP role in the EOS mainnet launch. Dacoco also managed the eosDAC airdrop, further confirming their strong pedigree in the sector. Dacoco will need that experience if they are to successfully wrap up the DeFi sector into its own strong meta narrative and at the same time deliver an entertaining and enjoyable gaming experience. For that reason alone, Alien Worlds is a project worth watching.

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