Artyfact: The Next Gen Web3 Play-and-Earn Game

IntermediateJul 23, 2024
Dive into Artyfact, where next-gen metaverse innovation meets play-to-earn model. Explore how this platform revolutionizes gaming with its comprehensive ecosystem, offering players not just entertainment but also earning opportunities through NFTs, DeFi integration, and more.
Artyfact: The Next Gen Web3 Play-and-Earn Game

Despite its immense popularity, the gaming industry faces a significant gap in integrating GameFi concepts with AAA game quality. Although gamers constitute nearly one-third of the global population, only 1% of games fall under the GameFi category. This discrepancy largely stems from the Play-to-Earn (P2E) model in GameFi games, emphasizing financial rewards over essential gaming elements such as engaging gameplay, high-quality graphics, and robust mechanics.

Artyfact is set to bridge this gap by combining the latest technological advancements and best practices from the GameFi and AAA gaming worlds. By adopting a Play-and-Earn (PAE) model, Artyfact prioritizes the gaming experience while offering financial incentives. This innovative approach aims to create a game that appeals to mainstream gamers, not just those interested in earning through gameplay.

What is Artyfact?


Source: Artyfact Website

Artyfact is a next-generation Web3 metaverse gaming platform that blends high-quality gaming experiences with the innovative Play-and-Earn (PAE) model. In this dynamic virtual world, players can engage in various AAA-quality GameFi games and earn rewards using $ARTY, the platform’s utility token.

Beyond gaming, Artyfact offers a rich ecosystem where users can buy and trade NFTs, including avatars, weapon skins, virtual real estate, and clothing. The platform also hosts various virtual events, from concerts and NFT exhibitions to runway shows.

The Mission and Vision Of Artyfact

Artyfact’s mission is to revolutionize the gaming landscape by creating a metaverse that captivates the average gamer. This is achieved by merging the best elements of AAA and GameFi games into a cohesive virtual world. Here, users can play, earn, trade, and showcase NFTs while enjoying a highly engaging and entertaining experience. Unlike the earlier Play-to-Earn (P2E) model, which focused primarily on building a gamer base (the supply side), Artyfact’s PAE model ensures a balanced economy by effectively scaling supply and demand.

The vision for Artyfact is ambitious: to become one of the top five GameFi games by 2023 and continue expanding its metaverse over the next decade. Artyfact aims to disrupt established GameFi platforms like The Sandbox, Decentraland, and Axie Infinity by offering gamers unparalleled AAA-level experiences and opportunities that the outdated P2E model simply cannot provide. This strategic approach sets Artyfact on a path to becoming a leader in the GameFi space, delivering unique and high-quality gaming experiences to a global audience.

Key Innovative Features Of Artyfact

Play-and-Earn Economic Model

Artyfact breaks away from the outdated Play-to-Earn model prevalent in many GameFi projects. Instead, it introduces a next-generation Play-and-Earn approach. By emphasizing an engaging gaming experience with integrated earning mechanics, Artyfact allows dedicated players to potentially earn above minimum wage solely through gameplay. This compelling incentive encourages active participation and time investment.

Innovative Game Rewards Mechanism

Artyfact’s unique reward system allocates 40% of the profit from sold NFTs directly to players. This seamless integration of virtual victories and financial advancement enhances player engagement and attracts investors interested in novel asset distribution methods.

Revolutionary AI Gaming Technologies

Artyfact sets a new standard for AI within the gaming industry. It leverages innovative AI technologies, including AI NPCs, content generation, cheat detection, testing, player-experience modeling, and data analysis. These advancements enhance both the gaming experience and the game development process.

First AAA Quality in GameFi

Artyfact stands out by delivering AAA-quality gameplay akin to popular Web2 games like Apex Legends, Fortnite, and Valorant. With high-end graphics, detailed NFT assets, and captivating maps, Artyfact ensures an immersive gaming experience.

Unique Gameplay

Unlike most GameFi projects, Artyfact prioritizes originality. It introduces fresh features such as a unique skill model, jetpack mechanics, and weapon-equipped vehicles. This commitment to creativity enhances gameplay and solidifies Artyfact’s position as a trailblazer in the GameFi space.

Free-to-Play and Skill Rewards

Artyfact is completely Free-to-Play, rewarding gamers from the outset based on their skills. If you spend hours daily gaming, consider monetizing your abilities with Artyfact. Early success on the scoreboard could lead to substantial future earnings.

Community-Governed Organization

Artyfact empowers players through a Decentralized Autonomous Organization (DAO). Players can vote on game developments, submit ideas, propose balance changes, and suggest event themes. This collaborative approach ensures that Artyfact evolves according to community preferences.

Cross-Game Item Compatibility

Assets acquired in Artyfact have cross-game applications. Whether it’s a weapon or any other item, interoperability fosters a shared Gameri universe. Players can utilize these assets across different games within the ecosystem, enhancing their overall gaming experience.

Artyfact Revenue Streams

Artyfact’s Play-and-Earn economic framework encourages player spending while tapping into the expansive metaverse and NFT markets, projected to exceed $11 trillion. Establishing multiple revenue streams is critical for the platform’s long-term stability and growth. The key revenue sources include:

  • Advertising on Virtual Billboards: Artyfact monetizes its virtual spaces by hosting advertisements on billboards within the metaverse, leveraging a unique and immersive advertising platform.
  • Withdrawal Fees: A 3% fee is applied to $ARTY token withdrawals, generating consistent revenue from user transactions within the ecosystem.
  • Event Ticket Sales: Ticket sales for virtual events constitute 10% of the revenue, capitalizing on the popularity of digital gatherings and exclusive metaverse experiences.
  • NFT Trading Fees: A 3% fee on NFT trades provides a steady revenue stream, benefiting from the active trading community and high volume of transactions.
  • NFT Sales: Direct NFT sales make up 55% of the revenue, highlighting the significant role of digital asset sales in Artyfact’s economic model.
  • Game Purchases: Purchasing $ARTY tokens for in-game activities accounts for 18% of revenue, directly linking gameplay with the platform’s financial ecosystem.

How Users Earn from Artyfact

Artyfact offers multiple avenues for users to generate income, including:

  • Earning $ARTY Tokens or NFTs: Players can earn valuable tokens and NFTs through gameplay, enhancing their in-game and real-world value.
  • Selling NFTs: Users can trade or sell their acquired NFTs, leveraging the platform’s active marketplace.
  • Earning Rating Points (RP): Players accumulate RP through various activities, which can translate into additional rewards and recognition.
  • Staking and Farming: Users can stake or farm $ARTY tokens, earning returns on their investments within the ecosystem.

Artyfact Games

Unique Game Modes

Artyfact provides a diverse range of game modes catering to different player preferences. Each game allows players to utilize NFTs and accumulate rating points (RP). Top players with the highest RP earn rewards in $ARTY, creating a competitive yet rewarding environment.

Skills System

Skills in Artyfact games are distributed randomly across maps, offering players abilities like x-ray vision, shields, invisibility, and infinite energy for a limited time. Each skill lasts one minute, adding dynamic and strategic elements to gameplay.

Unique Vehicles

Players can discover and use various combat vehicles, such as cars, mechs, drones, and robots. Each vehicle is equipped with unique weapons, enabling players to engage in intense battles and defeat their enemies creatively.

Virtual Events

Artyfact hosts virtual events that offer unique experiences beyond the real world. Players can organize and participate in activities like runway shows and eSport tournaments, enhancing the game’s community aspect.

Playability

Built as a third-person shooter with an open-persistent world, Artyfact features both open and closed maps. Open maps are accessible to all players, while closed maps are reserved for those with higher ratings. Custom game modes are also created for special events and partnerships, maintaining a dynamic and engaging player-driven economy.

Freemium Game Model

Artyfact operates on a freemium model, allowing players to start playing without any initial costs. Interaction with the Play-and-Earn economy is optional, allowing players to engage as deeply as they wish. Those who invest time and resources into the ecosystem can earn rewards in $ARTY or NFTs.

eSport Tournaments

Artyfact regularly hosts professional international tournaments, leveraging its shooter gameplay to create a competitive environment. Collaborations with eSports clubs and streamers ensure these competitions reach a global audience and maintain a high professional standard.

Game Types

  • Tournaments: Players participate in various game modes to earn RP. Monthly, the highest-ranking players receive $ARTY and limited NFTs from the prize pool. Additional game modes can be unlocked by purchasing an Artyfact pass.
  • Battles: Players place bets in $ARTY to create a prize pool, with the winner taking it all. Available in deathmatch and team deathmatch modes, battles require an Artyfact pass for participation.

Artyfact Pass
The Artyfact pass unlocks premium content, including additional game modes, tournament participation, exclusive NFTs, and battle engagement. This subscription model enhances the gaming experience for those seeking deeper involvement.

Leaderboards
Each game mode features its own leaderboard, showcasing players’ skills based on comprehensive RP calculations. Metrics include eliminations, damage inflicted, accuracy, and zone captures, ensuring a fair and detailed ranking system.

Game Modes

  • Deathmatch: Players aim to achieve the most eliminations within 12 minutes.
  • Team Deathmatch: Teams compete to reach a Victory Score of 125 first.
  • Control: Players secure control points with teammates to increase team scores and win.
  • Battle Royale: The objective is to be the last player standing by eliminating all opponents.

Tournaments Prize Pool

The prize pool for Artyfact tournaments is funded by profits from NFT sales on the marketplace. Forty percent of NFT sale profits go towards the prize pool, distributed monthly among the top 5% of leaderboard leaders and 5% of random participants, promoting skill- and luck-based rewards.

Artyfact NFTs

Full Ownership of Game Assets
Artyfact’s Player Driven Economy leverages blockchain technology to transform all in-game items and assets into non-fungible tokens (NFTs), granting players full ownership. This system allows players to monetize their time and effort by selling their NFTs. These tokens are usable across all game modes, enhancing the gaming experience.

Legends
Legends serve as avatars within the Artyfact universe. The Artyfact Marketplace offers a wide selection of unique legends, enabling players to personalize their in-game appearance and make a distinct mark on the Artyfact world.

Armored Vehicles
Players can find and use various combat vehicles, such as cars, mechs, drivable robots, and drones. Each vehicle has unique weapons, allowing diverse and strategic combat options to overpower enemies.

Weapon Skins
Artyfact features a variety of weapons, including pistols, rifles, energy weapons, flamethrowers, and freezing guns. Players can customize their weapons with distinctive skins, making their gameplay visually striking and unique.

Jetpacks
Jetpacks in Artyfact enable players to fly, adding a dynamic element to the gameplay. The Artyfact Marketplace offers numerous jetpack designs, each with its own unique style, allowing players to choose a jetpack that best fits their aesthetic and gameplay preferences.

Artyfact NFTs provide players with a robust, customizable, and monetizable gaming experience, integrating ownership and individuality into the core of the gameplay.

About The Team

Oleg Baytsov - Founder & CEO
Oleg Baytsov, the visionary behind Artyfact, brings over seven years of experience in managing technical teams. He holds a Master’s degree in IT Project Management and serves as a judge in the Stanford Web3 Association. Oleg is also the founder of X8 Fund, demonstrating his profound expertise in the blockchain and finance sectors.

Gaurav Solanke - Chief Technology Officer (CTO)
Gaurav Solanke, a co-founder at SDLC, has over five years of experience in blockchain development. He is responsible for developing and deploying DeFi tokens and NFT projects on the Blockchain Network. His technical leadership ensures the robust and secure development of Artyfact’s technological infrastructure.

Artyfact Tokenomics

$ARTY is the cornerstone of Artyfact’s economy, serving as both the native in-game currency and governance token within the ecosystem. This token can be used to purchase in-game items (NFTs), buy event tickets, participate in governance decisions via the DAO, earn rewards in GameFi games, and gain premium privileges through staking. The total supply of $ARTY is capped at 25,000,000, ensuring its scarcity and potential value appreciation and the token is distributed thus;

Use Cases of $ARTY

  • Purchases: Players can buy NFTs and event tickets.
  • Community Rewards: Participants earn $ARTY through gameplay and community engagement.
  • Staking: Staking $ARTY grants users additional rewards and increases their voting power within the DAO.
  • Governance: Token holders can vote on key decisions affecting the platform’s future.

Economic Interaction

Artyfact’s economy operates as a real monetary system influenced by its users. Key economic features include:

  • Exchanger: Allows users to exchange various cryptocurrencies for $ARTY.
  • NFT Marketplace: Facilitates the buying and selling of in-game items and assets.
  • Reinvestment Strategy: Proceeds from NFT sales are reinvested—50% into operational expenses, 40% into the prize pool, and 10% into token buyback and burning.

Rewards and Burning Mechanism
Players can earn $ARTY by receiving rating points (RP) in GameFi games. Additionally, $ARTY can be used for betting in battles. To maintain token value, 10% of the proceeds from NFT sales are used each quarter to buy back and burn $ARTY, ensuring a deflationary effect.

Governance and Voting
Decentralization is central to Artyfact’s philosophy. $ARTY holders participate in governance decisions through a DAO structure, influencing content creation, and feature prioritization. The longer a holder stakes $ARTY, the greater their voting power, which resets upon unstaking.

Conclusion

With its innovative Play-and-Earn model, distinctive NFT integration, and a robust governance framework powered by the $ARTY token, Artyfact is reshaping how players engage with virtual worlds. The diverse and skilled team, spearheaded by leaders with deep expertise in blockchain, IT, and game development, ensures that Artyfact continues to evolve and lead in this dynamic landscape. As the metaverse market expands, Artyfact is well-positioned to provide a compelling, immersive, and financially rewarding experience for gamers and investors alike.

Author: Angelnath
Translator: Cedar
Reviewer(s): KOWEI、Matheus、Ashley
* The information is not intended to be and does not constitute financial advice or any other recommendation of any sort offered or endorsed by Gate.io.
* This article may not be reproduced, transmitted or copied without referencing Gate.io. Contravention is an infringement of Copyright Act and may be subject to legal action.

Artyfact: The Next Gen Web3 Play-and-Earn Game

IntermediateJul 23, 2024
Dive into Artyfact, where next-gen metaverse innovation meets play-to-earn model. Explore how this platform revolutionizes gaming with its comprehensive ecosystem, offering players not just entertainment but also earning opportunities through NFTs, DeFi integration, and more.
Artyfact: The Next Gen Web3 Play-and-Earn Game

Despite its immense popularity, the gaming industry faces a significant gap in integrating GameFi concepts with AAA game quality. Although gamers constitute nearly one-third of the global population, only 1% of games fall under the GameFi category. This discrepancy largely stems from the Play-to-Earn (P2E) model in GameFi games, emphasizing financial rewards over essential gaming elements such as engaging gameplay, high-quality graphics, and robust mechanics.

Artyfact is set to bridge this gap by combining the latest technological advancements and best practices from the GameFi and AAA gaming worlds. By adopting a Play-and-Earn (PAE) model, Artyfact prioritizes the gaming experience while offering financial incentives. This innovative approach aims to create a game that appeals to mainstream gamers, not just those interested in earning through gameplay.

What is Artyfact?


Source: Artyfact Website

Artyfact is a next-generation Web3 metaverse gaming platform that blends high-quality gaming experiences with the innovative Play-and-Earn (PAE) model. In this dynamic virtual world, players can engage in various AAA-quality GameFi games and earn rewards using $ARTY, the platform’s utility token.

Beyond gaming, Artyfact offers a rich ecosystem where users can buy and trade NFTs, including avatars, weapon skins, virtual real estate, and clothing. The platform also hosts various virtual events, from concerts and NFT exhibitions to runway shows.

The Mission and Vision Of Artyfact

Artyfact’s mission is to revolutionize the gaming landscape by creating a metaverse that captivates the average gamer. This is achieved by merging the best elements of AAA and GameFi games into a cohesive virtual world. Here, users can play, earn, trade, and showcase NFTs while enjoying a highly engaging and entertaining experience. Unlike the earlier Play-to-Earn (P2E) model, which focused primarily on building a gamer base (the supply side), Artyfact’s PAE model ensures a balanced economy by effectively scaling supply and demand.

The vision for Artyfact is ambitious: to become one of the top five GameFi games by 2023 and continue expanding its metaverse over the next decade. Artyfact aims to disrupt established GameFi platforms like The Sandbox, Decentraland, and Axie Infinity by offering gamers unparalleled AAA-level experiences and opportunities that the outdated P2E model simply cannot provide. This strategic approach sets Artyfact on a path to becoming a leader in the GameFi space, delivering unique and high-quality gaming experiences to a global audience.

Key Innovative Features Of Artyfact

Play-and-Earn Economic Model

Artyfact breaks away from the outdated Play-to-Earn model prevalent in many GameFi projects. Instead, it introduces a next-generation Play-and-Earn approach. By emphasizing an engaging gaming experience with integrated earning mechanics, Artyfact allows dedicated players to potentially earn above minimum wage solely through gameplay. This compelling incentive encourages active participation and time investment.

Innovative Game Rewards Mechanism

Artyfact’s unique reward system allocates 40% of the profit from sold NFTs directly to players. This seamless integration of virtual victories and financial advancement enhances player engagement and attracts investors interested in novel asset distribution methods.

Revolutionary AI Gaming Technologies

Artyfact sets a new standard for AI within the gaming industry. It leverages innovative AI technologies, including AI NPCs, content generation, cheat detection, testing, player-experience modeling, and data analysis. These advancements enhance both the gaming experience and the game development process.

First AAA Quality in GameFi

Artyfact stands out by delivering AAA-quality gameplay akin to popular Web2 games like Apex Legends, Fortnite, and Valorant. With high-end graphics, detailed NFT assets, and captivating maps, Artyfact ensures an immersive gaming experience.

Unique Gameplay

Unlike most GameFi projects, Artyfact prioritizes originality. It introduces fresh features such as a unique skill model, jetpack mechanics, and weapon-equipped vehicles. This commitment to creativity enhances gameplay and solidifies Artyfact’s position as a trailblazer in the GameFi space.

Free-to-Play and Skill Rewards

Artyfact is completely Free-to-Play, rewarding gamers from the outset based on their skills. If you spend hours daily gaming, consider monetizing your abilities with Artyfact. Early success on the scoreboard could lead to substantial future earnings.

Community-Governed Organization

Artyfact empowers players through a Decentralized Autonomous Organization (DAO). Players can vote on game developments, submit ideas, propose balance changes, and suggest event themes. This collaborative approach ensures that Artyfact evolves according to community preferences.

Cross-Game Item Compatibility

Assets acquired in Artyfact have cross-game applications. Whether it’s a weapon or any other item, interoperability fosters a shared Gameri universe. Players can utilize these assets across different games within the ecosystem, enhancing their overall gaming experience.

Artyfact Revenue Streams

Artyfact’s Play-and-Earn economic framework encourages player spending while tapping into the expansive metaverse and NFT markets, projected to exceed $11 trillion. Establishing multiple revenue streams is critical for the platform’s long-term stability and growth. The key revenue sources include:

  • Advertising on Virtual Billboards: Artyfact monetizes its virtual spaces by hosting advertisements on billboards within the metaverse, leveraging a unique and immersive advertising platform.
  • Withdrawal Fees: A 3% fee is applied to $ARTY token withdrawals, generating consistent revenue from user transactions within the ecosystem.
  • Event Ticket Sales: Ticket sales for virtual events constitute 10% of the revenue, capitalizing on the popularity of digital gatherings and exclusive metaverse experiences.
  • NFT Trading Fees: A 3% fee on NFT trades provides a steady revenue stream, benefiting from the active trading community and high volume of transactions.
  • NFT Sales: Direct NFT sales make up 55% of the revenue, highlighting the significant role of digital asset sales in Artyfact’s economic model.
  • Game Purchases: Purchasing $ARTY tokens for in-game activities accounts for 18% of revenue, directly linking gameplay with the platform’s financial ecosystem.

How Users Earn from Artyfact

Artyfact offers multiple avenues for users to generate income, including:

  • Earning $ARTY Tokens or NFTs: Players can earn valuable tokens and NFTs through gameplay, enhancing their in-game and real-world value.
  • Selling NFTs: Users can trade or sell their acquired NFTs, leveraging the platform’s active marketplace.
  • Earning Rating Points (RP): Players accumulate RP through various activities, which can translate into additional rewards and recognition.
  • Staking and Farming: Users can stake or farm $ARTY tokens, earning returns on their investments within the ecosystem.

Artyfact Games

Unique Game Modes

Artyfact provides a diverse range of game modes catering to different player preferences. Each game allows players to utilize NFTs and accumulate rating points (RP). Top players with the highest RP earn rewards in $ARTY, creating a competitive yet rewarding environment.

Skills System

Skills in Artyfact games are distributed randomly across maps, offering players abilities like x-ray vision, shields, invisibility, and infinite energy for a limited time. Each skill lasts one minute, adding dynamic and strategic elements to gameplay.

Unique Vehicles

Players can discover and use various combat vehicles, such as cars, mechs, drones, and robots. Each vehicle is equipped with unique weapons, enabling players to engage in intense battles and defeat their enemies creatively.

Virtual Events

Artyfact hosts virtual events that offer unique experiences beyond the real world. Players can organize and participate in activities like runway shows and eSport tournaments, enhancing the game’s community aspect.

Playability

Built as a third-person shooter with an open-persistent world, Artyfact features both open and closed maps. Open maps are accessible to all players, while closed maps are reserved for those with higher ratings. Custom game modes are also created for special events and partnerships, maintaining a dynamic and engaging player-driven economy.

Freemium Game Model

Artyfact operates on a freemium model, allowing players to start playing without any initial costs. Interaction with the Play-and-Earn economy is optional, allowing players to engage as deeply as they wish. Those who invest time and resources into the ecosystem can earn rewards in $ARTY or NFTs.

eSport Tournaments

Artyfact regularly hosts professional international tournaments, leveraging its shooter gameplay to create a competitive environment. Collaborations with eSports clubs and streamers ensure these competitions reach a global audience and maintain a high professional standard.

Game Types

  • Tournaments: Players participate in various game modes to earn RP. Monthly, the highest-ranking players receive $ARTY and limited NFTs from the prize pool. Additional game modes can be unlocked by purchasing an Artyfact pass.
  • Battles: Players place bets in $ARTY to create a prize pool, with the winner taking it all. Available in deathmatch and team deathmatch modes, battles require an Artyfact pass for participation.

Artyfact Pass
The Artyfact pass unlocks premium content, including additional game modes, tournament participation, exclusive NFTs, and battle engagement. This subscription model enhances the gaming experience for those seeking deeper involvement.

Leaderboards
Each game mode features its own leaderboard, showcasing players’ skills based on comprehensive RP calculations. Metrics include eliminations, damage inflicted, accuracy, and zone captures, ensuring a fair and detailed ranking system.

Game Modes

  • Deathmatch: Players aim to achieve the most eliminations within 12 minutes.
  • Team Deathmatch: Teams compete to reach a Victory Score of 125 first.
  • Control: Players secure control points with teammates to increase team scores and win.
  • Battle Royale: The objective is to be the last player standing by eliminating all opponents.

Tournaments Prize Pool

The prize pool for Artyfact tournaments is funded by profits from NFT sales on the marketplace. Forty percent of NFT sale profits go towards the prize pool, distributed monthly among the top 5% of leaderboard leaders and 5% of random participants, promoting skill- and luck-based rewards.

Artyfact NFTs

Full Ownership of Game Assets
Artyfact’s Player Driven Economy leverages blockchain technology to transform all in-game items and assets into non-fungible tokens (NFTs), granting players full ownership. This system allows players to monetize their time and effort by selling their NFTs. These tokens are usable across all game modes, enhancing the gaming experience.

Legends
Legends serve as avatars within the Artyfact universe. The Artyfact Marketplace offers a wide selection of unique legends, enabling players to personalize their in-game appearance and make a distinct mark on the Artyfact world.

Armored Vehicles
Players can find and use various combat vehicles, such as cars, mechs, drivable robots, and drones. Each vehicle has unique weapons, allowing diverse and strategic combat options to overpower enemies.

Weapon Skins
Artyfact features a variety of weapons, including pistols, rifles, energy weapons, flamethrowers, and freezing guns. Players can customize their weapons with distinctive skins, making their gameplay visually striking and unique.

Jetpacks
Jetpacks in Artyfact enable players to fly, adding a dynamic element to the gameplay. The Artyfact Marketplace offers numerous jetpack designs, each with its own unique style, allowing players to choose a jetpack that best fits their aesthetic and gameplay preferences.

Artyfact NFTs provide players with a robust, customizable, and monetizable gaming experience, integrating ownership and individuality into the core of the gameplay.

About The Team

Oleg Baytsov - Founder & CEO
Oleg Baytsov, the visionary behind Artyfact, brings over seven years of experience in managing technical teams. He holds a Master’s degree in IT Project Management and serves as a judge in the Stanford Web3 Association. Oleg is also the founder of X8 Fund, demonstrating his profound expertise in the blockchain and finance sectors.

Gaurav Solanke - Chief Technology Officer (CTO)
Gaurav Solanke, a co-founder at SDLC, has over five years of experience in blockchain development. He is responsible for developing and deploying DeFi tokens and NFT projects on the Blockchain Network. His technical leadership ensures the robust and secure development of Artyfact’s technological infrastructure.

Artyfact Tokenomics

$ARTY is the cornerstone of Artyfact’s economy, serving as both the native in-game currency and governance token within the ecosystem. This token can be used to purchase in-game items (NFTs), buy event tickets, participate in governance decisions via the DAO, earn rewards in GameFi games, and gain premium privileges through staking. The total supply of $ARTY is capped at 25,000,000, ensuring its scarcity and potential value appreciation and the token is distributed thus;

Use Cases of $ARTY

  • Purchases: Players can buy NFTs and event tickets.
  • Community Rewards: Participants earn $ARTY through gameplay and community engagement.
  • Staking: Staking $ARTY grants users additional rewards and increases their voting power within the DAO.
  • Governance: Token holders can vote on key decisions affecting the platform’s future.

Economic Interaction

Artyfact’s economy operates as a real monetary system influenced by its users. Key economic features include:

  • Exchanger: Allows users to exchange various cryptocurrencies for $ARTY.
  • NFT Marketplace: Facilitates the buying and selling of in-game items and assets.
  • Reinvestment Strategy: Proceeds from NFT sales are reinvested—50% into operational expenses, 40% into the prize pool, and 10% into token buyback and burning.

Rewards and Burning Mechanism
Players can earn $ARTY by receiving rating points (RP) in GameFi games. Additionally, $ARTY can be used for betting in battles. To maintain token value, 10% of the proceeds from NFT sales are used each quarter to buy back and burn $ARTY, ensuring a deflationary effect.

Governance and Voting
Decentralization is central to Artyfact’s philosophy. $ARTY holders participate in governance decisions through a DAO structure, influencing content creation, and feature prioritization. The longer a holder stakes $ARTY, the greater their voting power, which resets upon unstaking.

Conclusion

With its innovative Play-and-Earn model, distinctive NFT integration, and a robust governance framework powered by the $ARTY token, Artyfact is reshaping how players engage with virtual worlds. The diverse and skilled team, spearheaded by leaders with deep expertise in blockchain, IT, and game development, ensures that Artyfact continues to evolve and lead in this dynamic landscape. As the metaverse market expands, Artyfact is well-positioned to provide a compelling, immersive, and financially rewarding experience for gamers and investors alike.

Author: Angelnath
Translator: Cedar
Reviewer(s): KOWEI、Matheus、Ashley
* The information is not intended to be and does not constitute financial advice or any other recommendation of any sort offered or endorsed by Gate.io.
* This article may not be reproduced, transmitted or copied without referencing Gate.io. Contravention is an infringement of Copyright Act and may be subject to legal action.
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