When NFTs hit the mainstream in 2021, crypto games, including play-to-earn games, exploded in popularity.
Although play-to-earn games require upfront investments for purchasing NFTs, they can reward you with crypto tokens and a possible upside of profits from trading those NFTs.
This article explains the new Japanese play-to-earn game, CryptoNinja Party! and how you can get started.
- CryptoNinja Party is a blockchain-based game in which players purchase NFTs of Ninja characters and lock them into the platform to play mini-games.
- Players can earn EXP reward coins during gameplay. EXP can be exchanged into PLT tokens, which can be traded for money on an exchange.
- The game plans to employ a “Create-to-Earn” facility. It will allow users to create their own games on the platform and receive EXP coins in return.
Play-to-Earn Business Model (P2E)
Before diving into the details of CryptoNinja Party! (CNPT), let’s talk about the play-to-earn business model.
Simply put, play-to-earn models are designed in a way so that players can potentially earn cryptocurrencies by playing games. They are basically video games that are created using blockchain technologies.
For example, players can earn rewards by completing tasks, battling other players, and progressing through various game levels. These rewards often come in a form of cryptocurrency tokens which can then be traded for money on an exchange.
What is CryptoNinja Party?
CNPT is a play-to-earn blockchain game developed by HashGames, a game studio division of HashPalette Inc. The game characters have been derived from “CryptoNinja” – Japan’s leading NFT collection.
CNPT is comprised of a series of mini-games such as battle games or cooperative games. Players receive coins (EXP) based on their game performances. These coins can be exchanged into cryptocurrency tokens (PLT) which can be traded for money on an exchange.
The game runs on Palette, an NFT-focused blockchain developed by HashPalette. It is cross-chain compatible, thus the user will be able to transfer the game NFTs to other blockchains, like Ethereum.
What is CryptoNinja?
CryptoNinja is a collection of Japanese anime-style NFTs. Each work of digital art depicts a Ninja with manga-like imaginative stories.
It is the most established and well-known NFT project in Japan and is backed by NinjaDAO, the biggest Japanese NFT community with over 37,000 members.
Please read the article below if you want to find out more about the collection.
If you are a fan of Japanese amine or games, you should take a look at CryptoNinja NFTs. Although they've been under the[…]
How does CryptoNinja Party work?
To start playing the game, players need to purchase a “Ninja NFT” first. Each mini-game becomes available for play when an NFT is locked into the system.
The following criteria influence the distribution of the reward token (EXP).
- Games scores
- NFT Rarity
- NFT levels and status
① Game scores
The performance of gameplay is ranked using the star system, which affects the number of EXP coins each player receives. The example of coin distribution is as follows:
| Star ranking | ★ | ★★ | ★★★ |
| EXP | 100 | 200 | 300 |
② NFT levels & status
★The Level
Each Ninja NFT has an initial level of thirty, and the level can be boosted by spending EXP tokens. Leveling up increases the Ninja NFT status and provides additional benefits. (details TBA)
★The Status
The status is a parameter within a Ninja NFT and is divided into 6 groups:
- Stamina: each gameplay consumes two stamina, and it needs to be boosted by spending EXP tokens.
- Energy: each gameplay reduces energy. Rarer NFTs are more efficient, requiring less energy. The energy level recovers after resting (no need to spend EXP tokens to boost)
- Skill: higher skill scores are rewarded with more EXP tokens
- Mind: higher mind scores consume less stamina
- Luck: more luck results in higher overall game scores
- Endurance: higher endurance scores increase the upper limit of an energy level
③NFT Rarity
NinjaNFTs have five levels of rarity.
- Legendary (the highest level)
- Epic
- Rare
- Uncommon
- Common
A rarer Ninja NFT comes with a higher initial status. The consumption of EXP tokens is more efficient for an NFT with a higher status.
CryptoNinja Party: Token Economics
The token economics of the game has been structured as below:
Simply put:
- A player needs to purchase and lock a Ninja NFT (one NFT unlocks one mini-game)
- EXP, a reward token, is consumed and distributed in gameplay
- PLT, a native token to the Palette blockchain, can be traded for money on an exchange
- EXP can be exchanged into PLT and vice versa
CryptoNinja Party: Roadmap
CryptoNinja Party’s vision is to develop a community-focused play-to-earn blockchain game.
The game is planning to introduce a “Create-to-Earn” facility in the future. It allows users to create their own games which can be deployed on the chain. In return, the creators receive EXP tokens as rewards.
This is a new type of blockchain game where players can contribute directly to the development of the game.
Where can you buy NinjaNFTs & PLT tokens?
NinjaNFTs can be purchased on PLT Place from July-2022. They take either credit cards or PLT tokens.
PLT Wallet can be downloaded using the links below:
PLT Token is currently listed on Bybit, Coincheck, and OKCoin.
*Please note that Coincheck and OKCoin are only available for Japanese residents.
- CryptoNinja Party is a blockchain-based game in which players purchase NFTs of Ninja characters and lock them into the platform to play mini-games.
- Players can earn EXP reward coins during gameplay. EXP can be exchanged into PLT tokens, which can be traded for money on an exchange.
- The game plans to employ a “Create-to-Earn” facility. It will allow users to create their own games on the platform and receive EXP coins in return.
Pop into the CryptoNinja Party! discord community for more information.
The content is for informational purposes only. Investment/financial opinions expressed by Web3 Zen.com are not recommendations. As always, please do your own research prior to making any investment decisions.
