All You Need To Know About Wombat: The Reward-based Web3 Gaming Platform

The gaming community has thrived over the years, showing tremendous growth, and by integrating the Web3 industry into the community, the industry has found a way to reward gamers and game publishers alike. Wombat, as a project, is looking to build on this development and build a bridge that links gamers and the web3 industry. In this article, we are going to take a look at what WOMBAT is, its features, and its base token.

What is Wombat?

Wombat is a gaming platform that opens the play-to-earn world to gamers, publishers, and game enthusiasts. It makes entry into the world of web3 gaming seamless and easy for gamers, scaling mainstream games and enabling crypto and NFT rewards. The entire Wombat ecosystem has been developed to focus on its main goal, pushing the platform towards becoming a hub for play-to-earn games.

The Wombat app, which is the central control hub of the project, houses several components that ensure its success. This includes the Private wallets, dApp explorers, and the NFT gallery. The platform utilizes these components and supplies users with a platform where they can easily buy, sell, and store coins while being able to keep and monitor their earned NFT rewards.

History of Wombat

Wombat was launched in 2019 by Spielworks, a company focused on bringing the benefits of blockchain technology to the world of gaming. It is led by CEO Adrian Krion and CFO Swen Hallasch. The founder and CEO of Spielworks has been a crypto investor since 2013 and took an interest in the professional blockchain space in 2016. He has a mathematics and computer science degree, with extensive knowledge of markets obtained from his seven years of experience working for the European stock exchange.

How Does Wombat Work?

The play-to-earn focus of the Womabat project rests on the shoulders of the Wombat App with its enhanced components for gamers, which include a Private wallet, NFT gallery, token swaps, and a Dapp explorer. The platform stays true to the purpose of gaming, which is for gamers to have fun, and has paired this ideal with blockchain technology.

Wombat App supports several blockchain networks and is constantly looking to add other technologies that focus on gaming and NFTs. The app is home to over a million users and has been used as a preferred login method by over 70 supported apps. This gives gamers an easy route into blockchain-based games and assets, which will be safeguarded by private keys given to the user.

The platform ecosystem was designed to meet the needs of gamers and gives them access and control over their private keys, assets, NFT marketplace, fiat gateway, and many more.

Features of Wombat

Source: Official website

The Wombat app is equipped with several features, like the private wallet, the NFT gallery, and the dApp explorer. These features work together to ensure the ecosystem’s success and ensure gamers are comfortable with the ecosystem.

Private Wallets

Wombat provides users with their private wallets to carry out transactions, store tokens, and trade without using wallets like Metamask. The non-custodial wallet is secured using a private key made available to the gamer. This private key is retrievable by the gamer, unlike other wallets where the user loses every asset they own if they lose their private key. The private key can be stored on the user’s device or in the gamer’s Dropbox.

dApp Explorer

The Wombat app houses the platform’s dApp explorer. This ecosystem feature offers gamers access to several dApps built on blockchains supported by the platform. This access is obtained by using open authentication standards, making assets stored in Wombat easily interoperable across dApps that support the asset. Some of these dApps include:

• Uniswap
• Sushiswap
• AtomicHub
• The Sandbox
• Compound
• PancakeSwap
• Decentraland

NFT Gallery

A major part of Wombat is its NFT gallery, which allows users to earn, store, and sell their NFT rewards however they please. The NFT Gallery allows gamers to follow other gamers’ NFT collections or trade theirs on popular marketplaces like OpenSea and AtomicHub.

Open Ecosystem

Wombat is focused on the open nature of Web 3. We can bridge the gap between gaming and total interoperability by ensuring the Wombat platform stays open. Wombat ensures true digital ownership and allows users to transfer assets between one another by utilizing public blockchains that allow them to join and participate in the network’s activities.

Games on Wombat

Wombat has a plethora of games available on their platform, but some of the most popular games that keep gamers stuck on their screen and coming back for more include:

Dice Dreams

Dice Dreams is a board adventure game that takes gamers on exciting adventures and quests, allowing them to build and expand their kingdom with every roll. It is a competitive game filled with quests, collectibles, events, tournaments, and more.

World of Tanks

World of Tanks is an MMO tank simulator game developed by Wargaming. In this game, gamers battle in 20th-century combat vehicles, participating in team-based warfare across several battlefields.

Mech Arena

Mech Arena is a PVP shooter game developed by Plarium where players fight against each other for glory. Gamers have access to various weapons and special abilities, leading to several combinations and endless possibilities.

Raid: Shadow Legends

Raid is a free-to-play collection RPG available on PC and Macbooks. Gamers battle to take down their opponents and win incredible prizes with over 800 playable champions and several game modes.

Wombat X

Wombat X is a part of the protocol designed to foster the growth of Web3 games in the next generation through different mentorships, rapid user acquisition, and infrastructure support. It is a key to game publishing success for creators who are looking to gain the best gamedev software and secure support from Wombat advisors.

Wombat X has classes equipped with the necessary tools developers need for the game’s growth. All the game publisher needs is a playable demo release integrated with Wombat as a preferred means to log in. The game must be integrated with Cronos or any blockchain supported by the platform. Finally, a 0.3% share of the token supply must be reserved for the Wombat audience.

Wombat Token

Source: Official website

The WOMBAT token is a multi-chain utility token of the platform tasked with an important role in the Web3 gaming platform. It is the gas behind the platform’s engine, enabling certain actions for gamers and game creators. The token was originally minted on the Ethereum network but will use the Polygon bridge to ensure fast and cost-effective transactions for Wombat users.

Wombat users can pay for Wombat Prime using the WOMBAT token, making them eligible for a 20% discount on any Wombat app fees. WOMBAT holders are also allowed to stake the token to receive the same rewards as subscribers of Wombat Prime, such as game boosts, discounts, NFT drops, and many more.

The WOMBAT token allows the holder to decide on issues regarding the protocol, like development decisions and issues regarding the platform marketplace. The value of a user’s vote is proportional to the number of staked assets the user has. Users can also vote on the proceeds of the community pool and what should be done with it. Proposals are submitted on what to be done by the community, and token holders then decide which proposal will be funded.

WOMBAT Tokenomics

The WOMBAT token has a market supply of 10 billion tokens and is to be allocated in the following manner:

• 30% of the total market supply belongs to community rewards.
• 5% to seed round
• 10% to strategic round
• 9% for liquidity
• 15% to the company
• 10% to the team
• 1% for public
• 20% for ecosystem allocation

Conclusion

Wombat believes in the potential of the gaming industry and by creating the app into a single app that onboards new users easily. By focusing on the gamers and publishers, the platform has set itself for success.

How To Buy Wombat Token

Purchase WOMBAT on your exchanges like Gate.io. To get started, sign up and open a new Gate.io account, fill out the Know Your Customer (KYC) section, and then proceed to fund the account and begin trading the WOMBAT token.

Take Action on WOMBAT

Check out the price of WOMBAT on Gate.io and begin trading your favorite tokens.