IDO launch for Warena ecosystem governance token RENA to be held Oct. 7-8.
Warena, the first personalized and play-to-earn nonfungible token (NFT) metaverse game, has raised $1.5 million in their latest funding round with participation from some of the most renowned blockchain investors in the industry.
Among those joining the round are Genesis Builders, DAOMaker, Momentum 6, Master Ventures, Animoca, Clovers Ventures and more. The raise comes less than a week before the official launch of Warena’s native governance token, RENA.
Warena will use the $1.5 million raised to continue the development of its ecosystem, partnering with top-notch game developers and blockchain experts to create a metaverse that engages with their community of gamers, empowering them to generate value for themselves, other players and the developers.
Warena represents a big evolutionary leap in the NFT game category. The game’s play-to-earn metaverse, in Phase Two of their plan, will allow players to personalize their in-game characters and interact with characters from other universes like Cat Gunner and Axie Infinity in Warena combat games. Players will be able to inhabit different lands, trade warriors and NFTs, battle each other and compete in tournaments.
The Warena ecosystem will be governed by ERC-20 RENA tokens, which players can use to claim staking rewards and participate in key governance votes, giving them a voice in shaping the future of the Warena metaverse. Players can earn RENA by playing certain games or creating user-generated content that’s used within the metaverse.
An initial dex offering (IDO) launch for RENA will be held starting at 3 pm UTC on Thursday, Oct. 7 for those on the Warena whitelist. Applications to get on the whitelist on Ignition and DAOMaker will be accepted for 24 hours starting at 12 pm UTC on Wednesday, Oct. 6. Successful applicants and lottery winners will be notified by email and can start buying tokens at 3 pm UTC on Oct. 7 on DAOMaker and 11 am UTC on Oct. 8 on Ignition.
RENA’s initial price offering will be $0.165, with the total supply to be capped at 100 million tokens.
Warena is a play-to-earn metaverse that allows players to create characters that can interact with other characters in completely different universes in combat games. Players can also buy warriors from the Warena marketplace or rent one from other players to start playing to earn money and other rewards by contributing to the game ecosystem. In-game assets and NFTs from other platforms can quickly be synchronized through metadata and become part of the Warena universe.
The Warena NFT game will be released in two phases. Phase One in Q3 of 2020 will see the launch of a 2D tower defense-style game in which players must defend against wave after wave of zombie hordes. Phase Two, set for launch in Q2 2022, will unlock the full force of the Warena metaverse, adding player-versus-player features.