By Michael Scott
The restrictive nature of China’s policies towards cryptos is not deterring the emergence of digital assets projects eyeing to attract a potential user base.
The recent announcement by Floki portrayed devotion to the Shiba Inu-themed crypto project to expand its user base. Floki developers revealed the project would shun earlier meme coin images.
Chinese Compatible Metaverse Game
The developers confirmed introducing the Chinese version of the metaverse-based game – Valhalla. The game would utilize FLOKI tokens during the airdrop campaign scheduled for three months. The campaign targets users using the Chinese social media – Btok.
The developers clarified that the content and technical documentation would utilize conventional and simplified Chinese. The utilization of both variants would facilitate easier penetration of the game in the Chinese gaming sector.
Launching Mainnet Version of Valhalla
The announcement lauded the successful introduction of Valhalla, which featured Open World towards the final months of 2022. Since its release, the Valhalla version has proved payable as a testnet on the Optimism Goerli. The successful launching of the mainnet version obliges the users to maintain a particular FLOKI holding to qualify the character payable. The developers illustrated users would reap FLOKI tokens when they successfully battle.
Floki mirrors the Shiba Inu canine breed that stimulates Dogecoin and Shiba Inu meme coins, with its market capitalization exceeding $300 million. Both tokens have rallied by over 150% in a fortnight to burn a substantial FLOKI supply.
Exploiting China’s Millions of Gamers Potential
An anonymous Floki developer indicated that China has over 700 million gamers, with the sector’s video game revenue hitting $45 billion in 2022. The two yardsticks informed Floki’s decision to launch the China-based version of Valhalla.
The developer cited the massive gamers as data favoring entry into the Chinese market to leverage the country’s economy. The move is set to utilize reputable gaming mechanics alongside the PlayToEarn economy to position Floki and Valhalla as appealing products to the Chinese audience.
Meanwhile, metaverse and gaming-based tokens, including the Sandbox, Decentraland, and Gala, have rallied by over 300% in 2023. The gains illustrate the preference of crypto traders to shift investments towards tokens realizing utility and having a physical user base.
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