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Geopoly Ecosystem is the next generation game for building a business empire

5 min reading

Geopoly is the next-level game for everyone out there and Blockchain technology has a major influence over it.

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Business simulation games have become an interesting genre over the last decade, providing players with knowledge of how business works and the ideas of microeconomics. "Learn by doing" is an effective way to gather valuable knowledge about the real economy. Players are given an open world scenario and have to build their business by making in-game decisions. As expected, every decision has consequences and consumers can build large financial empires and own real estate and businesses.

Traditional business simulation games have a particular problem in that only publishers are rewarded. Players are end users only and purchase in-game items with no option to receive out-of-game rewards. Blockchain technology changes this by allowing in-game assets to be exchanged 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
  • Previous success
  • Further development in the future

Immersive gaming ecosystem

Geopoly is an economic geolocation simulator that allows users to rent, buy, upgrade and sell real estate and business goods. It is integrated into a system that combines both chain and off-chain layers to provide users with an immersive gaming experience based on real-world data. The alien game consists of four activities: building a business, renting, upgrading, and selling. The game is divided into several branches. Players will receive free branches after registering.

Branches provide them with the leadership skills to oversee and hire companies. As with most simulation games, once players run out of initial management options, they need to upgrade their rental properties. This increase will benefit the player as their hourly wins increase on the property. Alien games also have multiple currencies including cash, gold, experience points (XP), and achievement circles (MC). Money is the most important medium of exchange and is generated through rental income from leasing companies. MC is the currency automatically generated by each branch and used to upgrade individual branches.

Gold is only available through the in-game shop and can speed up new buildings and upgrade existing stores. XP is generated after a successful property upgrade and system level upgrade. Geopoly decided to build their game on Polygon Chain, a two-tier blockchain protocol that allows scalability and low transaction fees on the Ethereum blockchain. Chain Play allows players to buy, upgrade and sell features such as Irreplaceable Tokens (NFT) using GEO tokens.

NFT is divided into two types. Specific and iconic locations are pre-built NFTs that players can purchase to passively generate GEO tokens through increased revenue. The certificate of ownership is an NFT that is withheld at the player's request. NFTs offer full ownership of selected companies and can be traded or sold to other players and investors in specialized NFT markets.

Also read: Southeast Asian financial institutions switch to Ethereum blockchain 

Previous success

Geopoly launched on mobile devices in 2018 and was voted one of the four most innovative iOS mobile games by Apple's Latin American team during its initial launch. He was also selected from 1,700 applicants from 37 countries to take part in the 2019 Google Indie Games Accelerator. Geopoly has partnered with Seedify, Enjinstarter, Poolz and TrustPad's NFTPad to serve as the launch pad for the public sale of GEO tokens. Also supported by GD10 Ventures, AU21 Capital, X21 Digital, Polygon Fund, and others.

Geopoly also included Sebastian Bourgeois, chief operating officer of the popular metacosm for the game The Sandbox, as a consultant on the project. This is a remarkable achievement and reflects the interest of the leading players in the crypto world in the project. Metaverse games recently announced that its personal sales have hit the $3 million mark in the 48 years since launch. This phase shows that investors see Geopoly as a platform with great potential to become an important gaming hub in the blockchain industry.

Further development in the future

Geopoly has a comprehensive roadmap and plans to start the NFT pre-sale, Unit Initial Offer (INO) and Token Generation Event (TGE) this month. INO will take place on December 10 on MoonStarter and the public will be able to attend the NFT pre-sale on December 12. GEO TGE will go live on the popular SushiSwap decentralized exchange on December 15 and will be a key stage for Geopoly, where the public will have access to the GEO token for the first time. After TGE, Geopoly plans to list its tokens on several centralized exchanges.

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