According to TrendX's Twitter popularity and sentiment indicators, the average value of its Twitter sentiment indicators is about 24 this week22 is a relatively positive market sentiment, with about 20,000 Twitter discussions, of which 6,385 (about 30%) discussion tweets are intelligently identified as positive information. Portal Game's Twitter followers also increased by 16% in a week to nearly 280,000 followers, and the number of continuously active fans is considerable, with nearly one million views under almost every tweet for 24 hours, which shows the popularity of this project.
Let's take a look at what the portal gaming project says today. What is the reason for the detonation?
What is Portal Gaming?
Portal Gaming is a platform dedicated to Web3 gaming;
The platform focuses on functions such as one-click login to Portal Passport, easy payment, etc.;
It provides a system to manage all in-game assets in one place, such as NFTs, Account Abstraction, etc.;
This platform emphasizes connecting with friends, suggesting social features or multiplayer features;
Playing games on any chain means supporting cross-chain operability, and the portal is powered by Layerzero, a leading interoperability protocol, which enables seamless integration between games on various chains;
The ** lists more than 200 games, covering various genres such as MMORPGs, strategy games, survival games, and more Portal Gaming aims to connect games and players across different blockchain networks based on LayerZero, build a unified Web3 gaming ecosystem, and provide players with access to a large number of games and game distribution opportunities. On October 12, Portal announced an integration with Polygon, and on October 26, Portal integrated with Alanche, with future integrations with networks such as Solana, Polygon, and Klaytn. To put it simply, Portal intends to become a Steam game platform in the Web3 world, integrating a large number of games, overcoming cross-chain, payment and other problems through network integration, layer0 and other technologies, aiming to allow players to play freely on one platform extremely smoothly.
What is Portal Coin?
It is the universal game currency and native currency of the Portal Gaming platform, which acts as a link between Web3 games and gamers, and can be used for scenarios such as the governance of the platform, the buying and selling of games, and so on.
The platform was developed by LZ Technology and includes marketplace integrations that allow the use of Portal tokens in a variety of marketplaces. For example, Portal Gaming has a distribution partnership with Magic Eden, a leading cross-chain NFT platform, enabling users to purchase any NFT using Portal tokens. This makes the token a currency verified by Magic Eden with additional utility.
Portal tokens can be used to buy and sell in-game items in the game, adding a layer of utility and interactivity to players.
Users can vote and influence the future direction of the Portal token and platform, demonstrating a community-driven approach to development and governance.
By staking Portal tokens, participants can earn rewards from their affiliates and partners. Players can add points to the mining pool by staking, which will affect the distribution of rewards received by the mining pool.
Users will be able to access and purchase exclusive NFTs from the platform's partner network
The option to purchase nodes to power the core on-rend** infrastructure and platform highlights the decentralized approach to maintaining and operating the platform.
Team & Partners.
According to ***, Portal Gaming was developed by the Cayman Islands organization Portal**, whose team comes from many top game studios and has participated in many disruptive game constructions. According to the information disclosed by Portal Twitter, the known members of the Portal Gaming team are as follows:
John Yao: CEO of esports club Team Secret. John Yao, a recognized industry expert in esports who has been featured in CNBC Squawk Box, Forbes Magazine, Esports Observer, and other prominent publications around the world, will provide insights and resources on the mainstream esports space. Team Secret is a globally renowned esports club that ranks in the top 10 of the total revenue of all-time tournaments and manages 6 professional teams with players and staff in more than 20 countries.
Russell Hanson: Scientist, technologist, and entrepreneur with over 15 years of experience in artificial intelligence, health, data science, and cryptocurrency. From 2018 to 2019, he was the Chief Scientific Officer of the Enjinn AI team at Consensys, where he was responsible for developing and refining AI models for cryptocurrencies. He is currently the Chief Innovation Officer at Sama Therapeutics, leading the innovation and development of the Imagine AI ML platform for precision neuropsychiatry. Russell Hanson will bring generative AI + automation to Portal Gaming and its ever-expanding library of games and digital assets.
Jamie King: Co-founder of Rockstar Games until 2006, best known for the Grand Theft Auto franchise. He currently serves as Solace Lifesciences, IncEVP Marketing and Executive Vice President Head of Esports at Engine Shop. Adept at first-to-market strategy and leading cross-functional teams to create new products and dynamic marketing campaigns, Jamie King's primary role at Portal Gaming is to drive Web2 gaming onboarding, as well as advising on game and IP creative and directional strategies.
Matt Dixon: A seasoned gaming industry professional with over 15 years of leadership experience in game development and publishing. He is currently the CEO and co-founder of Landmarket, Inc., and was the Director of Business Development at Electronic Arts from 2016 to 2022.
Portal Gaming's strategic investors include Newman Group, which will advise Portal Gaming on its Asia strategy. Gaming partners include Space Nation, Oxya Origin, Nine Chronicles, Crypto Unicorns, Magiccraft, DeFi Kingdoms, and more. Other partners include LayerZero, Magic Eden, M80 (esports and gaming organization) and MWE (entertainment and cultural organization).
Tokenomics.
The maximum number of Portal tokens is 1 billion, which will be minted at the beginning of the world and then released into the community treasury over time. The main uses of the token are as follows:
Used to pay transaction fees. The transaction fee consists of cross-chain transactions verified by Portal nodes and Portal network native fees. After players pay transaction fees, some of them will be burned, and some of them will be placed in the vault, and the tokens placed in the vault will be redistributed to the nodes, game developers, and then returned to the players.
Used as an underlying and payment option, all transactions within the Portal Network will support the Portal Token as one of the payment options within the game or in the game-related market, and all fees associated with any cross-chain transactions made through the Portal Network will be denominated in the Portal Token.
Use as a voting and staking way to play: Players and gameplay can earn rewards by staking and can also vote to help games gain more visibility and attention on the Portal Gaming platform. Portal refers to this incentive system as a stake-to-scale system, which not only monetizes both players and games, but also decentralizes game distribution.
Used to provide liquidity: Portal tokens can also play a natural role in providing liquidity for on-chain game tokens and game assets, thereby reaping some of the economic benefits of the Portal ecosystem as a whole.
For the distribution of rewards in scenarios such as mining, Portal Gaming will adjust the distribution of Portal tokens according to the staking ratio. In the figure below, the abscissa s represents the proportion of all circulating portal tokens that have been pledged, and the vertical axis represents the distribution g of game portal tokens. Then in the game distribution, the tokens allocated to the node operator are 20% of the game distribution tokens.
According to the official market research results, the volume of the overall game metaverse market has exceeded 192 billion US dollars, Portal is not only a game platform, but also a grand vision for the future of games, committed to promoting web3 games to the mainstream market, bringing more possibilities to the game industry, it marks a new chapter in the integration of games and blockchain technology. The narrative of Portal has made a large number of entertainment game users extremely excited, and if it is successfully realized according to its preset road strength, it is bound to become a major masterpiece in the field of Web3 and gaming.