Star Sharks
NFT-GameFi ecosystem based on the BSC chain developed by game players, governance committees, and game developers.
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Star Sharks is a community-driven GameFi ecosystem developed on the BNB Chain, which launched in 2021. The Singapore-based company was founded by a team with experience from prominent companies like Timi Studio, Google, and Binance. Star Sharks secured a strategic investment from Binance Labs, the venture capital arm of Binance, and raised $5.8 million in a Series A funding round in December 2021 from over 40 institutional investors.
The platform operates within the play-to-earn (P2E) market, allowing players to earn cryptocurrency and NFT rewards through gameplay. Its business model centers on a dual-token economy. The Star Sharks (SSS) token serves as the governance token, enabling holders to participate in the platform's decentralized autonomous organization (DAO) and share in platform revenue. The Sea (SEA) token is the in-game utility token used for activities like purchasing items and upgrading characters. Revenue is generated when players mint new shark NFTs, upgrade them, or trade them on the marketplace. A significant portion of this revenue is distributed back to the community and SSS token stakeholders.
The core of the Star Sharks metaverse is the shark NFT, a digital asset that players own, battle, raise, and trade. Each shark possesses unique attributes such as health, speed, and skills derived from its body parts and genes. The platform's initial game, "StarSharks Warriors," is a turn-based card game where players assemble a team of three sharks to battle opponents in various modes, including Player vs. Environment (PvE) and Player vs. Player (PvP). The ecosystem is designed to be interoperable, allowing players to use their shark NFTs across a suite of different games planned for the metaverse, including racing and land-building games. To lower the barrier to entry, the platform includes an NFT rental system, allowing users who cannot afford to purchase an NFT to rent one from other players.
Keywords: GameFi, play-to-earn, NFT, blockchain gaming, metaverse, BNB Chain, SSS token, SEA token, StarSharks Warriors, decentralized autonomous organization, crypto gaming, NFT marketplace, digital assets, turn-based strategy, community-driven gaming, P2E, crypto rewards, shark NFTs, virtual economy, NFT rental