What is Nakamoto Games? All You Need To Know About NAKA?

Introduction

The GameFi narrative proposes a revolutionary shift by rewarding gamers for their activity. The idea is that the ability to earn real money adds a new layer of excitement to gaming, turning a leisure activity into a potential source of income.

Nakamoto Games plans to be the largest GameFi project, offering play-to-earn games with a sustainable rewards distribution mechanism.

In this article, we will explore Nakamoto Games, its ecosystem, understand how it works, and its unique rewards distribution program.

What is Nakamoto Games?

Nakamoto Games is a Polygon-based gaming project, creating an ecosystem specialized in Play-to-Earn games, Metaverse, and an NFT Marketplace.

Nakamoto Games proposes a large volume of high-quality games, delivering the best user experience while giving gamers numerous options to play across different devices. According to its Whitepaper, the team intends to produce 500+ WebGL games, 50+ AAA games, 100+PC games, and 100+ mobile games, serving up to 500,000 monthly active users.

Although based on the Polygon blockchain, it plans to integrate with other chains, including BNB Chain, Solana, Avalanche, Near, Tron, Fantom, Elrond, and WAX.

Nakamoto’s games are instantly playable with a simple user interface that players can often revisit because of the short session length and fun game mechanics.

Independent game developers can also build with Nakamoto’s Software Development Kit (SDK) and upload their games on Nakamoto to generate royalties whenever gamers play them.

Brief History

Nakamoto Games was launched in December 2020 by NAKA Ventures, a blockchain development company based in Bangkok, Thailand. It was initially launched on Ethereum but transferred to the Polygon network after receiving an investment offer from the Polygon blockchain. With this grant, Nakamoto Games became the first Play-to-Earn project to receive a grant from Polygon. They are also backed by Halvings Capital, Alves Capital, CSP DAO, Lavender Capital, and many other venture capitals.

Team

Chawalit Rugsasri: A seasoned developer with experience in Solidity, project management, and web development. Chawalit Rugsasri formerly served as the CEO of Nakamoto Games. He stepped down from his position in December 2023.

Phiriyaphong Phumphoang: A skilled project manager with experience overseeing multi-million dollar projects in real estate and IT infrastructure, Phiriyaphong Phumphoang currently holds the position of Chief Operations Officer (COO) at Nakamoto Games. He has a proven track record of developing and implementing successful sales and marketing strategies.

Rumchawun Keeratipitayaporn: A digital marketing expert with experience at one of Thailand’s most prestigious online media agencies. She currently holds the position of Chief Marketing Officer (CMO) at Nakamoto Games. Rumchawun is highly skilled in developing and implementing targeted sales and marketing strategies that resonate with specific audiences.

Thanig Punyakhomsiri: A strong advocate for cryptocurrency with experience working on leading decentralized applications (dApps) in the Ethereum space. He currently serves as the Lead Developer at Nakamoto Games.

Nakamoto Games’ Ecosystem

Nakaverse

Source: Nakamoto Games

The Nakaverse allows gamers to compete for scarce resources and build valuable items within a vibrant in-game economy. It is an autonomous digital universe that mimics reality.

It is also a virtual land with unlimited supply where each parcel of land holds inherent value determined by the quantity of minerals it yields. Lands are designated for creating materials for the play-to-earn gaming platform.

In the Nakaverse, there are three defined roles users can take up;

• Landlords
• Entrepreneurs
• Employees

The Landlords

Source: Nakamoto Games

Landlords in the Nakaverse own pieces of land and wield decision-making power regarding their usage. They stand to generate passive income by maximizing the potential of their land holdings.

There are two types of land: Mining Lands and Production Lands. Mining Lands contain the raw materials for making in-game assets to sell for customers to buy and use in Play-to-Earn gaming. Production Lands will provide services for processing minerals extracted from the mining lands, housing for workers, and energy farms for efficient mining.

To become a Landlord, purchase Lands directly or via P2P on the NAKA Marketplace. Lands are also available on Opensea.

The Entrepreneurs

Source: Nakamoto Games

They are responsible for the day-to-day operations of factories and buildings. They lead all mining activities, optimizing the use of available materials to improve efficiency rates and get the best output. They host factories and buildings on lands rented from landlords.

To become an entrepreneur, purchase factories and buildings from the NAKA Marketplace.

The Employees

Source: Nakamoto Games

The Employees are the workers in the Nakaverse. They are ordinary users who volunteer to work in mining factories or production facilities.

To become an Employee in Nakaverse, individuals must possess a NAKA ID, which takes the form of NAKA Punks NFTs, and with the release of NAKA Punks capped at 10,000 NFTs, there can only be a maximum of 10,000 Employees in the Nakaverse.

NAKA Marketplace

Source: Nakamoto Games

NAKA Marketplace is a decentralized marketplace where players can buy or sell in-game assets and Nakaverse Land NFTs.

Nakamoto in-game assets

(Source: Nakamoto Games)

Land NFT in the Nakaverse

To resell in-game assets, Nakamoto charges a 5% marketplace fee and instantly sends payouts to the user’s Web3 wallet. The marketplace also has a P2P feature for reselling Land NFTs.

Arcade Emporium NFT

Source: Nakamoto Games

The Arcade Emporium service offers shared virtual arcades through NFTs, providing access to community members. Owners of these virtual arcades earn a 3% commission for each game played, offering a lucrative passive income opportunity.

Users can purchase NFTs from the Nakamoto Games marketplace to acquire an arcade. These arcades come in two variants:

A) Ready-to-use arcades are fully equipped with various casual and competitive arcade games, spanning popular genres like fighting, shooting, pinball, and sports.

B) Custom-made arcades are constructed from scratch by acquiring individual games as NFTs from the marketplace. Buyers can choose or design their own unique game, which is then developed by the Nakamoto Games team. The pricing for this service varies depending on the time and resources required for game development.

NAKA Punks NFT

Source: Nakomoto Games

NAKA Punks are a collection of 10,000 unique NFTs (non-fungible tokens) within the Nakamoto Games ecosystem. Each NFT comes with a Nakaverse land asset worth $500, exclusive membership to the Satoshi Gaming Club, and a share of Nakamoto Games’ profits.

Every NAKA Punk NFT will possess different rarity levels. Holders can assess the value of their NFTs with a rarity calculator integrated into the Nakamoto Games ecosystem. The rarity of your NAKA Punk NFT influences its speculative value. They are available for purchase through the native marketplace. NAKA Punks can be displayed as your profile picture on the community platform.

Game Modes

Free-To-Earn

Nakamoto makes many popular game titles available under a free-to-earn system in which gamers can join and play without connecting a Web3 wallet, an excellent feature for those unfamiliar with blockchain technology and cryptocurrencies. Players who achieve extraordinary skill levels and rise to the daily top 10 are rewarded with free tickets for in-game assets that can be used to play Nakamoto’s P2E games or sold on the platform’s NFT marketplace.

Note: As of the time of writing, there are no available games on Nakamoto Games’ Free-to-Earn page.

Free To Play

The Free to Play feature allows players to access games online without making any payments. However, this feature is under development and not available as of the time of writing.

Story Mode

This is a single-player mode where players progress through a narrative-driven campaign. Several Nakamoto Games, including Spooky Run 2, Crashy Chasy 2, Shoot’em Up, Netris, and Netris Multiplayer, offer story modes.

How Does Nakamoto Games Work? Getting Started On Nakamoto Games

Registration Page

(Source: Nakamoto Games)

Create an account by entering your Email address or social media account and secure it with a strong password.

Source: Nakamoto Games

Login to the account, connect your Web3 wallet, and make $NAKA deposits on the Deposit and Withdrawal Tab. You would need a minimum of 1 $MATIC in your wallet for gas fees.

Deposit & Withdrawal Interface

With your NAKA tokens successfully deposited, you can interact with any game you choose.

Gaming Reward System

Source: Nakamoto Games

Nakamoto has designed a reward system where players compete with each other for other players’ tokens. This system prioritizes strategic gameplay over pure luck and players who hone their skills and knowledge within the games can expect to be rewarded accordingly.

Nakamoto hosts a game room where a maximum of 8 players compete in the same game. The rewards from playing the game come from buy-ins from each player as entry fees. Only the top three players will be rewarded, while the other five players will incur a loss. The reward is distributed to each player based on the ranking achieved by the players at the end of a game and the number of players active in the gaming room at the respective time.

The higher the player’s ranking, the bigger the size of the prize pool distributed to the player, and players who scored lower points lose some of their buy-ins in the process. The prize pool will only be distributed after the room has been opened for 48 hours and all eight players have submitted a high score.

The prize pool, rewarded in $NAKA, is tied to a specific dollar value to manage fluctuations in the $NAKA token. Transactions are valued in United States Dollars (USD) but paid in $NAKA tokens. Therefore, a reward pool valued at $500 will always be $500, although the amount of tokens received could vary.

Nakamoto Reward Pool Distribution (Source: Nakamoto Games)

For game rooms that have four players and below, there will be no Game Developer Fees (3%) and Weekly Reward Fees (4%). The reward pool will be distributed among the players proportionately. If one player is in that game, the system will return 100%—No fee charge.

A 4-Player Reward Distribution Table (Source: Nakamoto Games)

Weekly Reward System

The weekly reward system promotes user activity in the Nakamoto ecosystem, rewarding players actively playing the games.

This means that the top 10 players in each game will receive additional benefits for playing and winning more in the game.

The weekly reward comes from the $NAKA token used to play the games, where 4% of the total $NAKA pool in games with five or more players will be locked and redistributed every week. The more players playing the game, the bigger the reward pool becomes.

Weekly Reward Distribution

(Source: Nakamoto Games)

Referral System: SHARE To EARN

Source: Nakamoto Games

The Nakamoto Games Referral System allows players to earn lifetime passive income by inviting their friends to sign up and start playing on Nakamoto Games. Each user has a referral link that can be shared to earn a 3% referral fee on every game that referred players play. The payout is paid in real-time, calculated based on the price of each NFT resource that was used to play the game, which fluctuates with the price of $NAKA.

For example, if a referred player spends up to 5 $NAKA, the payout for referral payment is 0.15 $NAKA, which equals 3%.

What is NAKA Token?

$NAKA is the native token of Nakamoto Games, used for in-game purchases and reward distribution on the Nakamoto Games platform.

Project Tokenomics

The total supply of NAKA is capped at 180,000,000 tokens, with a circulating supply of 90,463,652 tokens as of the time of writing.

The tokens are distributed as follows:

Source: Nakamoto Games

• Token Sale (Angel Round, Private Rounds, Seed Rounds) - 55,000,000
• Play To Earn Vault - 40,000,000
• Game Development Fund - 10,000,000
• Player Sponsoring - 15,000,000
• Developer Sponsoring - 10,000,000

Source: Nakamoto Games

• Operational Reserves - 20,000,000
• Team and Advisors - 25,000,000
• Salaries - 5,000,000

Partnerships

Telegram

Nakamoto Games introduced Free-to-Play and Play-to-Earn Games on Telegram through a dedicated bot (@NAKAGamesBot), where users can access a library of playable games directly within the Telegram app.

The partnership also comes with the first-ever multi-coin wallet on Telegram. This allows users to manage various cryptocurrencies within the app, and execute transactions within the Nakamoto Games ecosystem.

Is Nakamoto Games (NAKA) a Good Investment?

Nakamoto Games is developing a platform with enough games to serve its customer base and make it the largest gaming project. However, it faces strong competition from projects like Decentraland, Axie Infinity, and SandBox. With just 24,000 token holders, Nakamoto must double up their marketing strategies to take their share of the Web3 gaming market.

Investors are encouraged to research and evaluate their risk tolerance before investing in any cryptocurrency or project because, like any investment, investing in Nakamoto Games (NAKA) carries certain risks. Investors should consider the cryptocurrency market’s volatility and potential regulatory changes.

Note: Investing in NAKA or any other crypto project does not guarantee a profit and could result in a capital loss.

How to Buy NAKA?

To own NAKA, you can use the services of a centralized crypto exchange. Start by creating a Gate.io account, and get it verified and funded. Then, you are ready to go through the steps to buy NAKA.

News on Nakamoto Games

Nakamoto Partners With Carbon Browser

Source: Nakamoto Games

Nakamoto Games announced its partnership with the AI-powered decentralized browser Carbon via X on March 29, 2024. Nakamoto plans to integrate the $NAKA Ecosystem into Carbon, capturing around 7 million users, while $NAKA holders will also have access to Carbon’s services on the Nakamoto platform.

Nakamoto Games Tap into DePIN Narrative

Source: Nakamoto Games

Nakamoto Games is joining AIOZ’s W3IPFS program to improve how they store and deliver digital content in their games. With this partnership, players will enjoy faster loading times, smoother gameplay, and easier management of digital assets (like NFTs) within the game.

AIOZ Network is a comprehensive infrastructure solution for Web3 storage, decentralized AI computation, live streaming, and video on demand (VOD).

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