Economic simulation games have emerged as an exciting genre in the past decade, providing gamers knowledge on how business works and the idea of microeconomics. “Learning by doing” is an efficient way to gather invaluable knowledge on real-world economics.
Gamers are provided with an open-world scenario and have to build their businesses by making decisions within the game. As expected, each decision has consequences, and users can build large financial empires and possess real-estate assets and enterprises.
Traditional economic simulation games have their specific problems since only publishers get rewarded. Gamers are only end-users and purchase in-game items without any opportunity to get rewards outside the confines of the game.
Blockchain technology has transformed this by making it possible for in-game assets to be traded for tokens that can be exchanged for fiat currency. With its innovative gaming ecosystem, Geopoly is one of the platforms at the forefront of this revolution.
Immersive gaming ecosystem
Geopoly is a geolocation economic simulator that allows users to rent, buy, upgrade and sell real estate and business assets. It is built within a system that combines on-chain and off-chain layers to provide users with an immersive gaming experience based on real-world data.
The off-chain game loop consists of four activities: build, rent, upgrade and sell businesses. The gameplay is divided into different branches. Players receive one free branch once they sign up.
The branch provides them with a management capability to supervise and rent businesses. Similar to most simulator games, once the player has exhausted the initial management capability, they will be required to upgrade their rental properties. This upgrade is beneficial to the player, as their hourly earnings from the property will increase.
The off-chain game loop also has different currencies, including cash, gold, experience points (XP) and Merit Circle (MC). Cash is the primary medium of exchange and is generated from rent received from letting out businesses. MC is a currency that is automatically generated from each branch and used to upgrade individual branches.
Gold is only accessible via the in-game store and can accelerate new buildings and update existing businesses. XP is produced following a successful upgrade on properties and raises the level of the headquarters.
Geopoly has chosen to build its on-chain game on Polygon, a layer-two blockchain protocol that enables scalability and low transaction fees on the Ethereum blockchain. The on-chain game enables players to buy, upgrade and sell properties as nonfungible tokens (NFT) using GEO tokens.
The NFTs are divided into two types. Specific and Iconic Locations are pre-mined NFTs that players can purchase to generate GEO tokens passively via yield farming.
Ownership certificates are NFTs that are minted on request by players. The NFTs grant full ownership of selected businesses and can be exchanged or sold to other players and investors in dedicated NFT marketplaces.
Key achievements so far
Geopoly was launched on mobile in 2018 and, during its soft launch, was selected as one of the four most innovative mobile games on iOS by the Apple Latin America team. It was also selected from 1,700 applicants across 37 countries to participate in the Google Indie Games Accelerator in 2019.
Geopoly has partnered with Seedify, Enjinstarter, Poolz and NFTPad by TrustPad to serve as launchpads for the public sale of GEO tokens. It is also backed by GD10 Ventures, AU21 Capital, X21 Digital, Polygon Fund and more.
Geopoly has also onboarded Sebastien Borget, chief operating officer of popular gaming metaverse The Sandbox, as an advisor to its project. This is a huge achievement and reflects the interest in the project from top stakeholders in the crypto world.
The gaming metaverse recently revealed that its private sale had hit a hard cap of $3 million within 48 since its launch. This milestone shows that investors view Geopoly as a platform with massive potential to become a major gaming hub in the blockchain industry.
Further developments in the future
Geopoly has an extensive roadmap and has plans to begin its NFT presale, initial node offering (INO) and token generation event (TGE) this month. The INO will take place on Dec. 10 on MoonStarter and the public will be able to participate in the NFT presale on Dec. 12.
The GEO TGE will go live on Dec. 15 on popular decentralized exchange SushiSwap and will represent a major milestone for Geopoly, with the public able to access GEO tokens for the first time. Following the TGE, Geopoly plans to list its tokens on several centralized exchanges.
You can download the Geopoly android app here to start gaming. To learn more about Geopoly, visit these links: