Singapore — Syn City, the first-ever mafia-themed metaverse game on the blockchain, has broken new records this week, with the listing of its in-game tokens and assets in what has become one of the most successful initial game offerings (IGOs) to date. Syn City launched its IGO on the Binance NFT platform, with various in-game collections, and was flooded with over $3.5 million in volume less than 30 minutes after launch. Today, Syn City ranks No. 1 for collections on the platform, having been No. 2 for the last seven days and No. 3 for the previous 30 days.
Syn City is fast becoming increasingly popular, with over 200,000 community members. The mafia metaverse, which was set up by the former Tron head of business Roy Liu, works on a decentralized autonomous organization (DAO) system, where all community members govern their own syndicates. The game was created by former Ubisoft, Roblox, EA and Disney team members. The Binance IGO listing saw Syn City drop limited-edition nonfungible tokens (NFTs) and in-game assets created specifically for Binance.
According to Roy, “We have been blown away by the success of this listing, and are completely thrilled to create a parallel universe for the Binance community, among many others. Thanks to all the support from our community members, Binance NFT and the Binance NFT ecosystem, it is clear we are creating something amazing here, and we will certainly grow and scale together with our community.”
Syn City introduces a free-to-play-to-earn gaming model that takes the emphasis away from players having to pay-to-play and encourages engagement by incentivizing pure gameplay and in-game interaction.
The importance of IGOs is rising as a new model of crowdfunding that allows users to purchase tokens ahead of new game launches. The most popular blockchain games can also drop their NFT collections onto the Binance NFT platform.
About Syn City
Syn City is the first-of-its-kind “mafia metaverse” game built for the blockchain. Constructed by a team of experienced game developers, it brings the mafia and syndicate-style gameplay on-chain while introducing a unique in-game governance feature called Mafia-as-a-DAO. The platform’s native token, SYN, offers players access to several earning opportunities such as events and governance rewards. Gamers can take part in daily events, including player vs. environment, player vs. player, and syndicate-based contests like cross-chain tournaments.
- Ryan Dennis