Blockchain game Legendary: Heroes Unchained is about to launch NFT minting and early access.

In 2022, there were a total of 334 public investment and financing events in the blockchain gaming sector, with a total financing scale reaching 4.4 billion USD, attracting the participation of many well-known institutions. Recently, N3twork Studios, a blockchain game developer and publisher ranked among the top in financing scale, is about to launch its first game, Legendary: Heroes Unchained (LHU).

N3TWORK Studios was established in January 2022 by the game team N3TWORK, which was acquired by a certain Blockchain gaming platform. The company completed a $46 million Series A financing round in May 2022, led by Griffin Gaming Partners, with participation from Kleiner Perkins, Galaxy Interactive, and others. The funding is mainly used for the development of two blockchain games: Legendary: Heroes Unchained and Triumph.

N3TWORK Studios plans to enter the market from two angles: crypto-native games and free games mixed with Web3. The upcoming LHU is a play-to-earn RPG based on the once-popular mobile game Legendary: Game of Heroes IP.

Team Background

The N3TWORK Studios team consists of over 60 members from renowned companies such as EA, Kabam, Zynga, Glu, GREE, Scopely, Machine Zone, Warner Brothers, and Disney. The company's executives include:

• Neil Young: Executive Chairman, co-founded the mobile game creator, publisher, and operator N3TWORK in 2013.
• Matt Ricchetti: President, with extensive experience in game design and product management.
• Josh Sell: Chief Operating Officer, previously held important positions at several gaming companies.

Game Development Progress

LHU opened pre-registration in September 2021, with over 100,000 players completing pre-registration by December. The game will introduce NFTs through Drops or Drop Events, focusing on Seasons to organize LHU's NFTs into collections with unique themes and mechanics.

The first quarter of 2023 will open the minting opportunity for Founder NFT, with a total of two rounds. At the same time, a beta version will be launched, allowing users to earn other NFTs in the ecosystem. The second quarter of 2023 will open the list for the third round of Founder NFT minting and start the second round of the beta version. The third quarter of 2023 will launch the NFT market and tokens, where users can earn tokens through games and trade in-game NFTs. The fourth quarter of 2023 will release the second NFT collection.

Game Mode

LHU is a hero-based card collection game where gameplay includes battles between two teams of up to five heroes or five players teaming up against a raid. The game adopts a play-and-own model, focusing on providing an enjoyable gaming experience.

Players can earn hero experience and rewards in PvE random dungeons, and gain ranking rewards in PvP arenas. The game also offers GvE and GvG modes between guilds to meet players' social needs.

Each hero has nine fixed characteristics that determine their utility in LHU. Heroes also have six assignable attributes, which players need to allocate based on the hero's characteristics and gameplay scenarios. The hero's strength value increases with the enhancement of level, evolution level, equipment, and skill level.

Economic Model

LHU adopts a dual-token model:

1. LHU: A utility token with a fixed total supply, used for hero evolution, skill upgrades, and NFT purchases.
2. HP (Health Potions): Unlimited functional tokens used to restore hero health.

In the game, there are three types of off-chain currencies: "energy, evolution, and health," used for exploring dungeons, making battle decisions, and improving the hero's evolution level.

To maintain the balance of the ecosystem, the authorities will adjust the output and consumption of tokens as needed, and may increase market supply and revenue by selling tokens from the treasury.

Overall, N3TWORK Studios is expected to succeed in the blockchain gaming sector due to its team's extensive game development experience and ample financial support. However, whether it can maintain economic balance within the ecosystem while attracting users still requires time and practice to verify.