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The closed beta for the big production chain games has begun: A comparative analysis of Bigtime, Illuvium, and Parallel.
Major Blockchain Games Beta Testing Gradually Begins, Comparative Analysis of Three Popular Games
Recently, several highly anticipated large-scale blockchain games have begun their internal testing. This article will compare and analyze the internal testing situations and asset valuations of three games: Bigtime, Illuvium, and Parallel.
Bigtime
Bigtime is a AAA multiplayer cooperative RPG adventure game developed by a team formed by the co-founders of Decentraland. The game entered PC closed beta testing in April 2022, and participation requires a VIP pass. The closed beta uses a phased entry model, and players can earn rare NFTs and Space NFTs.
The gaming ecosystem includes various NFT assets and plans to launch the game token TIME. Players need to hold three types of NFTs: Space, Time Guardian, and Hourglass to generate tokens. An NFT airdrop event has currently been initiated.
The market value of Space NFT is approximately $8.806 million. The game supports traditional payment methods for purchasing NFTs, lowering the user threshold. According to data, the official website receives about 150,000 visits per month, mainly from the United States and the Philippines.
Illuvium
Illuvium is an open-world RPG game built on an Ethereum Layer 2 solution. The game includes three versions: Arena, Overworld, and Zero, with only Zero currently open for testing to landholders.
In the game, Fuel is used as a universal currency, which is divided into three types: Crypton, Hyperion, and Solon. There is also a premium currency called Credits for enhancing efficiency. There are plans to launch the Illuvitar NFT collectible game.
Illuvium's land is estimated to have a market value of $36.27 million, while the circulating market value of the token ILV is $181 million. The official website has received approximately 500,000 visits in the past three months, mainly from the United States and France.
Parallel
Parallel is a sci-fi TCG game based on Ethereum. Closed Alpha testing began at the end of February 2023, conducted in three rounds, and participants in the testing are expected to receive token airdrops.
The game includes various NFT assets, requiring a total of 40 cards to form a deck. The game modes are 1V1, 3V3, and draft. Due to the assets being on the main chain, the user's entry cost is relatively high.
The total supply of PRIME tokens is 111 million, with a current circulating market value of 61.92 million USD. There are various types of NFT assets, making it difficult to estimate their market value. Website visits increased significantly in January, related to the beta test and token launch.
Summary
All three games are developed by experienced teams with considerable financing. Each has its own characteristics in terms of token issuance and NFT sales. Bigtime has a relatively low entry barrier, while Illuvium and Parallel plan to develop into gaming platforms. Despite being in a bear market, the blockchain gaming sector still maintains high enthusiasm and may be poised for a breakout.