Qorpo

Presented by

More about QORPO

Overtake is a decentralized gaming platform designed to empower both game builders and players. It offers an ecosystem where users can play, build, and monetize their gaming experience.

Through their partnerships with established game item exchanges like ItemBay, ItemMania, and PlayerAuctions, players and developers now have access to a decentralized publishing platform.

With Overtakes’ mission to bridge the gap between traditional and Web3 gaming, players and developers can now maximize the opportunity for ownership, creative control, and transparent monetization opportunities.

Through their partnerships and value to gamers and developers, Overtake is driving the mass adoption of blockchain gaming. And they are tapping into an extensive gamer base of over 30 million users and about $1 billion in annual transactions.

Built on the Immutable zkEVM, users enjoy high scalability experiences and low-cost transactions. This enables the integration of NFTs and the support of large transaction volumes. Making it suitable for Web3 games where players frequently trade in-game assets.

If you have been in the gaming space as a developer or gamer, Overtake eliminates many of the traditional barriers in game publishing you may have faced, like:

  • Limited centralized distribution and
  • Limited monetization control.

And now they are pushing the boundaries of how games are created, played, and monetized. In this article, we will go over an in-depth review of the platform, starting with an overview of the gaming ecosystem.

Overtake Gaming Ecosystem

One of the key distinctions of Overtake is the capacity to distribute games. Developers can have their games on the platform, making it accessible to new gamers on the platform. 

Right now, Somnis: Rumble Rush is one of Overtake’s flagship games, offering players both PvE and PvP gameplay modes. Within three weeks of its official release on August 20, 2024, the game surpassed 30,000 registrations and maintained over 10,000 daily active users (DAU). 

In the game, players can build and enhance decks using NFTs, take part in battles, and upgrade their in-game assets. 

This underscores Somnis potential to compete not only in the Web3 gaming space but also in the traditional gaming market. But there is still more to come from Overtake.

Future Game Releases

Overtake is set to expand its portfolio with two anticipated titles, Golden Guardians and The Red One.

  • Golden Guardians: Golden Guardians is a mobile RPG designed for casual play. Join epic quests to hunt monsters, collect resources, and strengthen their character.
  • The Red One: Occultation: An extraction shooter game with unparalleled gaming excitement. The game is based on a story about the earth’s resources depleting and the population surpassing 10 billion people. The search for a new energy source led the team to a mineral resource called The RED ONE. But while researching to understand it better, they discovered they were not the only ones on the planet.

These new game releases can solidify Overtake’s position in both the Web3 and traditional gaming spaces.

Overtake Key Features

Overtake stands out for its combination of decentralized mechanics and player engagement systems. The platform integrates both fun and financial incentives in a seamless gaming experience. Some of the key features of the platform include:

Proof of Participation (POP) System

Overtake’s Proof of Participation (POP) system rewards players for engagement with the platform, where players complete daily and special quests to earn Soulbound Tokens (SBTs). But what are SBTs?

Soulbound Tokens (SBTs) are a unique type of blockchain-based asset that are non-transferable and tied to a user’s wallet or account. SBTs represent personal achievements, credentials, or attributes in a decentralized identity system.

In Overtake, SBTs act as a Proof of Participation (POP) mechanism to record a player’s engagement or accomplishments, such as completing quests or reaching certain milestones. 

Since these tokens cannot be transferred, they serve as a verifiable record of a user’s personal history and participation in the ecosystem. This makes SBTs valuable for tracking reputation, achievements, or certifications across decentralized platforms.​ 

As of October 2024, over 800,000 POPs have been minted. There’s no doubt, this system fosters continuous player engagement while driving user growth​ within the platform

NFT Integration

NFTs are at the core of Overtake’s asset ecosystem. Players can acquire, trade, and upgrade NFTs that represent in-game items, cards, and equipment. 

Unlike the SBTs, these NFTs can be traded on Overtake’s marketplace or used in gameplay to enhance performance. They provide real economic value to in-game achievements. 

Currently, there are over 205,000 unique NFT holders on the platform, and this shows how many users they have.

Marketplace & Monetization Model

The marketplace allows players to trade in-game assets, including NFTs, wearables, and cards. With Overtake’s integration with the world’s largest game item exchanges, the platform provides access to a vast and liquid market.​

The monetization model is built into this as well, where players can trade, upgrade, and profit from in-game assets. 

Developers enjoy a decentralized publishing system, while players earn rewards through gameplay and asset trading. This model creates a dynamic and sustainable gaming economy.

Reward System

Overtake has a robust reward system that includes Achievement Points (AP) and the native utility token, $OVT. Players can earn $OVT through participation, which can be used for in-game purchases or it can also be traded. 

A large part of the token allocation is reserved for the community, allowing players and content creators to stay active on the platform.

Partnerships and Backing

Overtake is backed by key industry players like Immutable and BM Holdings and has partnerships with major in-game item trading platforms such as ItemBay, Item Mania, and PlayerAuction.

  • Immutable: A leading blockchain gaming platform supporting Overtake’s development
  • BM Holdings: Providing financial stability and resources for platform growth.
  • ItemBay, Item Mania, and PlayerAuctions: These are Partners that contribute to Overtake’s extensive user base and transaction volume

This highlights the platform’s credibility and financial stability, while the partnerships also provide access to more perks and use cases on Overtake.

Conclusion

Overtake is a game-changer in the Web3 gaming space, offering a decentralized, player-driven platform where users can own, trade, and profit from their in-game assets. 

With its strong focus on NFT integration, community governance, and tokenomics, Overtake has the potential to change how games are built and played.

As Overtake continues to expand with new game releases and features, it is poised to capture a growing share of the global gaming market.